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...
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...
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...
I've promised to explain why I think gold is on the verge of another bull run. As I've said in my post On Gold and Precious Metals, I’m not in the business of making short-term predictions of gold prices. I consider making short-term price predictions to be a fool’s...
Read Part I Read Part II I’ll start by summarizing my last post about gold’s mid-April loss of $200+, then address the cause of another $200 an ounce loss in mid-June. What new information did the market learn that warranted a $200+ hit in April? Did the market...