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 delivery obligations rising to levels significantly higher than gold stocks can support.  Moreover, because these lending arrangements…

Why Is Gold Rallying?Details

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 view gold as the only secure…

Doom, Gloom and GoldDetails