Two Milestones for Gold
In the past week, gold quietly marked two important milestones.
First, as of Monday the price of gold is now showing a gain for the year. The closing price of gold on December 31, 2007 was $833.75. The price of gold today is $854.60. That makes gold up 2.5% for the year to date. If gold [...]
Perth Mint to Resume Gold & Silver Sales
Today the Perth Mint announced that it will resume taking orders for gold and silver bullion coins on January 12, 2009. Sales of bullion products have been suspended since November 22, making this a very lengthy suspension for a major world Mint.
Notably, sales will be resumed for a “streamlined range” of gold and silver products. [...]
Gold Backwardation, Tracking COMEX Depletion, Banks’ Gold and Silver Short Positions
Red Alert: Gold Backwardation
Posted late last week explaining the how gold went to backwardation for the first time in history. The implication is that backwardation will lead to a breakdown of the delivery mechanism for gold, which takes us to the next link…
Vaporize the COMEX
Tracking gold and silver deliveries from the COMEX versus registered inventory [...]
Negative Opinions on Gold
With all of the positive articles on gold, one reliable way of getting attention is to publish an article forecasting an impending plunge in the price of gold. Two recently published articles caught my attention for their decidedly negative stances on gold.
I previously wrote a post exploring bullish analyst opinions on gold. I guess this [...]
COMEX Deliveries, Peter Schiff on Gold, India Post Gold
Here’s a round up of some recent gold and silver news articles and stories from around the internet:
A Memorable Delivery Experience
With the physical price of gold and silver far exceeding the exchange prices, many have decided to take physical deliveries from the COMEX. The above provides an enlightening, first hand account of taking delivery from [...]
