Why Is Gold Rallying?
This weekend's NY Times article about Goldman Sachs cornering the aluminum warehousing market has generated heated speculation about the lending practices of big banks that warehouse gold. This matter draws great interest because such lending practices could lead to...
Why Does Ben Bernanke Hate Gold?
Fed Chairman Ben Bernanke dissed gold in a Senate Banking Committee hearing yesterday. There’s nothing surprising in that — he’s stated his views on gold before. But it’s still interesting to take a look at what he said. “No one really understands gold prices,” said...
Doom, Gloom and Gold
I was in New York last week to meet with reporters who cover the gold market. Twice I was asked about the “doom and gloom” messages commonly used to sell physical gold. I have two thoughts on that question. Gold sellers know that many of their most reliable buyers...
