As we wrote in a note this weekend, most analysts immediately took that to mean China would not be a buyer of the 191.3 metric tons of gold the International Monetary Fund announced it would sell on February 17th. And if China were out as a major buyer of gold on international markets, speculators reckon that the gold price is in for a fall.
March 15th, 2010 | Dan Denning | 0 comments | ContinuedPrecious Metals
Commentary on precious metals (we really love gold) by your Daily Reckoning editors in Melbourne, Australia. Still haven’t subscribed to the Daily Reckoning? What are you waiting for… sign up here, it’s free!
A chronological listing of articles is below.
Gold is in a Real Bull Market
There are a few old gold bugs around. But the public is not yet talking about gold.
March 9th, 2010 | Bill Bonner | 4 comments | Continued
Gold Not a Perfect Way of Measuring Wealth, Just the Best Way
Gold won’t make you rich. It toils not; neither does it spin. Since it doesn’t hustle, it won’t increase your wealth.
February 22nd, 2010 | Bill Bonner | 79 comments | Continued
Ponzi Scheme
Let’s face it, the government-bond market in the West is a gigantic Ponzi scheme. Most governments in the ‘developed’ world are drowning in debt, they are running mind-boggling budget deficits and printing money…
February 19th, 2010 | Puru Saxena | 2 comments | Continued
The Descent of Money
The first modern competition between gold and paper money ended like the pre-modern ones. Gold won. Herewith, a short summary:
February 1st, 2010 | Bill Bonner | 8 comments | Continued
A Simpleton’s Trade: Sell US Stocks and Buy Gold
Only an economist would dare to look 10 years ahead. Only a fool would put money on it. Today, we do both.
January 25th, 2010 | Bill Bonner | 19 comments | Continued
Of Soybeans and Silver
Silver jumped out of the gate to begin 2010 with a flying start. It climbed a remarkable 9.7% in this year’s first week of trading to end the week at $18.45.
January 14th, 2010 | Chris Mayer | 1 comment | Continued
Power Begets Gold, then Gold Begets Power
As near as we can tell, gold is fairly priced. It will buy about as much as it would have bought 500 years ago…or 2,000 years ago, for that matter.
December 23rd, 2009 | Bill Bonner | 1 comment | Continued
The Smart Money Began Buying Gold
John Paulsen made a fortune in the ‘07-’08 period by correctly understanding the bubble in the financial sector and betting against it.
December 22nd, 2009 | Bill Bonner | 1 comment | Continued
We Trust Gold Because We Don’t Trust Central Bankers
But now we see that the central bankers are even more unreliable than we imagined. They are diligently trying to do the wrong thing, as usual.
December 17th, 2009 | Bill Bonner | 0 comments | Continued