The Golden Truth

According to The Golden Truth Blog, generalist fund managers are peaking at mining equities as they think they’ve become too cheap…

Right now I’m watching the June open interest for Comex gold.  Anyone long a June gold contract and who either can’t take delivery or does not have an account funded to take delivery must be out of their June gold position by the end of close today, as Tuesday is 1st notice day and Monday … Continue reading

Last week former FOMC Vice Chairman Alan Blinder gave a speech in which he said that more monetary stimulus would be needed in order to improve the employment situation in this country.  Blinder happens to be a senior economics professor at Princeton, where what’s-his-name, the current FOMC chief was departmant chairman.   Some analysts from Wall … Continue reading

The idea is absurd.  In today’s Denver Post, just like everyday, there are two outfits running full page ads asking/begging to buy your gold and silver.  These ads are not cheap to run, which means there are plenty of people out there unloading their bounty.  DEFINITIONALLY, an asset class is in a “bubble” state of … Continue reading

Anyone bother to ask why?  I saw this headline a few minutes ago on cnn.com: “Oil, gold, silver are ‘uncertainty magnets’.”  The is pure b.s.  Oil, gold and silver are “magnets” for all of the paper currency that has been, is being and will be manufactured by global Central Banks and Governments.  If there is “uncertainty” … Continue reading

The media has been happily reporting that the Fed is making itself “more transparent” with the news that Bernanke will now give quarterly press conferences AND that today the Fed releases the names of the banks who borrowed from the discount window during the 2008 banking system collapse.  The quarterly press conference is a bunch of … Continue reading

And in the process has likely perpetrated and enabled the continuation of the biggest fraud in the financial markets.  By now everyone knows about the absurd imbalance between JPM’s short position in the silver futures market and the availability of physical silver at the Comex/SLV.  To review, JPM’s short position is several multiples of the amount … Continue reading

By now everyone knows that Bill Gross/Pimco has sold down his/its Treasury exposure to zero.  Rather than ask “why,” quite frankly, my question has been “why did it take so long?”   In other words, anyone who knows anything about the bond market knows that it would be sheer stupidity to own Treasury bonds in a … Continue reading

(Note:  I wrote this last night.  This morning I found a great post from James Turk on Eric King’s blog: “I’m often asked by people when do I think they should sell their gold? I tell them this time around it’s going to be easy because you are not going to sell your gold, you’re … Continue reading

By now many of you have seen this, but James Bullard, the head of the St. Louis Federal Reserve Bank – one of the Federal Reserve member banks that has historically been more conservative with regard to loose monetary policies, I might add – gave a speech today in which he responded to a question … Continue reading