Tag Archives: gold

The Sale on Gold and Silver is Over

I hope you got some while it was on sale. If not and you’ve been wanting in, you probably shouldn’t wait. I’m just a simple caveman, but I think the days of gold in the 1500s and silver in the … Continue reading

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Put a Dinosaur Bone Up Your Butt

First it was the one about the guy smuggling the 10 inch revolver in his butt: Now this: 8 South Koreans arrested over alleged scheme to smuggle gold to Japan in their rectums. I’m predicting an Eddie Murphy comeback.

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EU Bans Iran from Trading Gold and Other Precious Metals

Reuters report that the EU has agreed to freeze the assets of the Iranian central bank and ban all trade in gold and other precious metals with the Iranian Central Bank and other public bodies in Iran. According to IMF … Continue reading

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Gold Ends 2011 Up 10%, Silver Down

Gold’s 10 percent gain in 2011 extends run to 11th year. Gold rose 1 percent on Friday, rebounding from losses earlier this week that sent the market briefly into bear territory, and the metal sealed its 11th consecutive year of … Continue reading

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Gold and Silver in the MF Global Dustup

Barron’s – The Silver Rush at MF Global The trustee overseeing the liquidation of the failed brokerage has proposed dumping all remaining customer assets—gold, silver, cash, options, futures and commodities—into a single pool that would pay customers only 72% of … Continue reading

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Mish: No Connection Between Gold and the Dollar

Dear Nouriel Roubini: The Fundamental Case for Gold Has Not Changed; To Understand, All Roubini Need Do is Look in a Mirror: Day in and day out someone writes me concerned about strength in the US dollar and what it … Continue reading

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For anyone getting gloomy about gold and silver …

Cheer up. It may get ugly in the next little bit, but it should be better next year. Citi Predicts Gold At $3400 In “The Next Two Years”, Potential For Move As High As $6000: While we remain cautious on … Continue reading

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Chavez wants Venezuala’s gold back from Canada, England, France, Switzerland, U.S. starting in November

The Golden Truth – Hugo Chavez Issues A Wake-Up Call To Paper Gold Shorts: Venezuela will begin repatriating its gold reserves from Western nations by mid-November, the central bank head said on Wednesday…first boat laden with reserves would be back … Continue reading

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Been wanting to buy gold and silver if only the price wasn’t so high?

Well, good news everyone. Gold and silver are off their recent highs of around $1900 and $40, so back up the truck. The drops seem to be due to a combination of a sell-off in everything, upcoming Comex expirations, and … Continue reading

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Gold Breaks $1900, Up 52% in 12 Months

And here’s the 1 year chart. Nine Pound Hammer: This nine pound hammer Is a little too heavy For my size Buddy, for my size I’m going on the mountain Just to see my baby And I ain’t coming back … Continue reading

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The Time Has Come to Give it Back

Not land to Australian aborigines. That was a Midnight Oil song. This time it’s Hugo Chavez wanting Venezuela’s gold back from the Bank of England. It’s Chavez, so you know he’s up to no good. In other news, Chavez is … Continue reading

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Gold breaks $1800 two days after breaking $1700

A short-term spike up that will come back down, or a new floor? The S&P downgrade of US debt is historical, but I wouldn’t say it’s impossible for the price to go back below $1,700. Either way if you’ve been … Continue reading

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Gold smashes through $1700, new records

Having a failing currency and downgraded national debt’ll do that. Meanwhile, Stocks Suffer Sharpest Drop Since 2008. Previously – Gold at $1600+ Record, Silver Back Above $40 (July 20, 2011)

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Gold at $1600+ Record, Silver Back Above $40

Sweet. Everyone who was saying “if only silver would dip I’d buy some” last spring bought when silver down to $34, right? Right? Possibly related: Federal Reserve Actively Preparing For The Possibility Of U.S. Default

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Gold Hits a Fresh High

CNN Money – Gold strikes new high after Fed comments: NEW YORK (CNNMoney) — Gold jumped to a record high Tuesday after the minutes from the Federal Reserve’s June policy meeting indicated the central bank might be open to more … Continue reading

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Cheer Up, Silver Campers

Silver tops 2011 YTD investments, gold in second place.

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China top buyer of gold, even though it can’t be made into delicious egg fu young

Wall Street Journal – China Is Now Top Gold Bug: Chinese investors are snapping up gold bars and coins, buying more than ever before in the first quarter of 2011 and overtaking Indian buyers as the world’s biggest purchasers of … Continue reading

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Silver Crashes from $48 to $36 in One Week

Zero Hedge – CME Margin Hike Is 4th AND 5th – Charting The Parabolic Rise In CME Silver Margin Hikes Remember when earlier we said the CME had hiked silver margins for the 4th time in 8 days? We lied. … Continue reading

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iTulip on April 29: Time To Sell Silver

iTulip – Catch a falling silver knife – Notes on EJ’s April 29 silver sell call: Five reasons why EJ sold silver on April 29 after waiting 10 years: Reason #1: The Gold/Silver ratio hit 32, near the all time … Continue reading

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Mexico buys 100 tonnes of gold, which cannot be made into delicious tortillas

Zero Hedge – Portuguese Gold Sale Urged By Senior German Lawmakers As Mexican Central Bank Buys 100 Tonnes Previously – U of Texas Buys $1 Billion of Inedible Yellow Metal

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