Everyone knows that gold (COMEX:GCZ13) and silver (COMEX:SIZ13) have value, but few people understand their real value. Some people say that the current price of gold and silver is too high after rising 12 years. Is that true? If we know the real value of gold and silver, we will have a clear answer to the…
After years of paying attention to the price action and not the mainstream market commentary. — thanks in large part to Ted Butler and GATA — here are some of the dominate forces that currently seem to be determining price movements in the precious metals: Downside Probability Jobs data comes out every few weeks.…
– The CEO of Sprott Asset Management, Eric Sprott, says, “We’re buying more bonds on a daily basis, and rates still went higher, which is why I can definitively say the Fed lost control of the bond market. That is why they could not ‘taper’ because who’s going to buy all the bonds? Bonds are…
Source: World Gold Council Gold bulls believe there is still enough momentum in the market to push the precious metal’s price above $1,400 in the near term – in spite of speculation that the U.S. Federal Reserve may start reducing asset purchases in October. Just under two-thirds of the respondents in CNBC’s poll of gold…
