No matter what's driving the movement, there has certainly been a significant disruption in the gold market, evidenced by this movement of metal across the pond.
Three major gold news items have gained attention: 1) gold "shortages" in London, 2) gold reserves at Fort Knox, and 3) revaluation of U.S. gold reserves.
Americans have to wonder, based on revelations coming out of Washington DC, whether government waste, fraud, and abuse are happening on an industrial scale.
Mike Maharrey interviewed gold analyst Jan Nieuwenhuijs about central bank gold revaluation, U.S. gold reserves, and gold transfers from London to New York.
President Trump recently issued an executive order instructing the US Mint to stop producing pennies. The reason for this is it costs nearly four cents to produce one penny.
