A very useful primer on Gold and its unstoppable rise:
I think every bullion banker should read it and next they will think twice before they short it.
In Gold we Trust
Fresbee
Gold is in what I call “No Mans Land”. It is one of the most difficult situations to be in as there are equal number of Gold bears and bugs around. Mind you Gold bugs: Bears have their case and it is not as bad as it looks like for the bears.
But I personally think [...]
India wants to buy more GOLD: A price war in making? | read this item
This is disaster for the bullion banks and the FED. With China and India both in the fray to lap up the remaining Gold from the IMF, I cannot imagine the consequences for the bullion banks.
The Reserve Bank of India (RBI), which has increased its gold holdings to diversify its reserves, looks set to be [...]
China has confirmed the intention to purchase 191.3 tons of gold from the International Monetary Fund at an open auction, Finmarket news agency said.
World central banks started to increase their gold reserves after prices on gold began to climb in 2001. The IMF sells gold within the scope of a program to diversify sources of [...]
Goldonomics: The Economics of Gold | read this item
Gold Economics is an art in itself and I think B-Schools should start introducing this as part of their courses. Of special mention should be the study of Gold price suppression and how it is essential for the survival of capital markets. I call it GOLDONOMICS: The Economics of Gold.
Attached is summary of latest demand [...]
FED dare not increase Policy Rate | read this item
Gross was on record saying “Discount rate hike is not an indication of policy rate”. He believes that FED has no chance of raising rates while civilian unemployment rate is at 10%. I disagree with him.
Rising Inflation and falling appetite for Bond auctions will trigger a chaos which is far worse than unemployment at 12%.
We [...]
Gold continues to flummox.
Soros made headlines as he called Gold “ultimate bubble” while all the while he was buying into Gold trust.
NYTimes reports:
Billionaire investor George Soros’ hedge fund more than doubled its bet on the price of gold during the fourth quarter, a portion of the firm’s total U.S.-listed equity holdings of $8.8 billion [...]
North America accounts for only 16.3% of total global gold production. In other words, 83.7% of all the new gold every year comes from outside our continent. Further, of the 15 largest gold deposits in the world, only five are in the U.S., Canada, or Mexico. Meaning, two-thirds are in regions where you don’t get cell [...]
Bernanke was asked specifically whether the rise of GOLD should get him worried about the dollar reserve status. He doesnt seem to be too worried. But then he was not worried when the sub prime crisis was blowing off into his face in 2008.
On a serious note, what does he know? Gold is in a [...]
The FOMC Tango with Gold and Dollar | read this item
Right. The much awaited FED FOMC statement is behind us. Where does that leave the two most important classes of assets vis vis other assets and with respect to each other.
GOLD
We have a very contrarian view on Gold. Most analysts and Gold sentiment indicator like Hulbert are all very bearish. But it confounds most that [...]
Gold updates and Introspection | 
Goldonomics: The Economics of Gold | 
The FOMC Tango with Gold and Dollar | 
