China

This morning gold is at a three-week high, and may possibly make its first weekly gain for four weeks, by the end of the day.

In bull markets, corrections and consolidations are needed to periodically cleanse the market of extreme optimism and an overbought condition….

From Reuters: China to Clean Up Billions Worth of Local Debt China’s regulators plan to shift 2-3 trillion yuan ($308-463 billion) of debt off local governments, sources said, reducing the risk of a wave of defaults that would threaten the stability of the world’s second-biggest economy. As part of Beijing’s overhaul of the finances of … Continue reading

After QE2, analysts were looking for possible consequences of the Federal Reserve Bank’s actions…..

There’s been lots of news about China, India, and gold in recent days as imports, investment demand, and prices are…

Gold and silver have spiked inexplicably this evening….

After outperforming pretty much every asset class, most certainly stocks, and even gold, year to date, the “poor man’s gold” may surge even more. The reason: China may cut silver exports by as much as 40%. As Bloomberg reports: “Shipments may decline from about 3,500 metric tons in 2009, said Feng Juncong, chief analyst at … Continue reading

There has been a great deal of excitement about the recent performances of gold and silver with most analysts extremely optimistic regarding their potential…..

China Warns About The Dollar (I know a lot of you saw this article already, but I am compelled to add my  2 cents, especially since the reader who has incessantly busted my stones over my bearish dollar call has disappeared) When China speaks, the U.S. should listen: Any appreciation of the dollar is “really … Continue reading

Rumors of Gold’s imminent death in a liquidation-driven collapse continue to be greatly exaggerated, and in fact the shiny metal continues to perform inversely to stocks, which take on ever more water, and is a confirmation that the market expects continued dollar destruction courtesy of the Marriner Eccles residents. And courtesy of the World Gold … Continue reading