Exchange-traded funds (ETFs) continue to sell gold, bringing this year's net sales to 7.27 million ounces, according to data compiled by Bloomberg. Total gold held by ETFs fell 6.8% this year to 99.8 million ounces.
We look at the musings of investment guru Jim Rogers and his claims of major bottoms every 10 or 15 years and his claim that we will face the “worst bear market” in his lifetime. The conditions are there.
The only way to avoid this impending disaster is a global debt reset — a Debt Jubilee, if you will. Imagine what could be achieved if all the central banks acted together in retiring all the world’s debt — all $281 trillion of government, corporate and consumer loans.
Technical stock chart updates including $GDX, $URA, $RZZ.v, $KL, $NUGT and more.
With recent news from Saudi Arabia, Nigeria and Russia, it is clear the Petrodollar is dying. How will this affect the Gold and Silver markets long term..
The swap transactions potentially create a mismatch at the BIS, which conceivably ends up being long unallocated gold (the gold held in BIS sight accounts at major central banks) and short allocated gold..
Building a bubble on top of the existing one seems so implausible that we are left with perhaps three logical alternatives..
Gold's weekly chart shows the 18 week moving average as resistance with no trend. The weekly chart shows us nothing, waving back and forth without momentum.
Paper assets are for short term. Hard assets are for long term.