Supply & Demand

The gold price is determined in a Casino with massive leverage and has nothing to do with the real price of physical gold.

There is a "big fish" who, by a sleight of hand between futures and ETFs, who could be now in possession of 100 Moz of "physical" silver without making the silver price soaring.

Chindia and Silk Road gold demand for september.

Global bullion holdings continued to rise in the third quarter of this year, with net purchases up 12 percent compared to last year, according to World Gold Council data.

The long-term silver chart shows - before any cyclical upward movement - an important element: a large double bottom.

Gold appears to be breaking out. Silver looks ready for its next big move. Dollar resuming its drop.

In a world that cannot survive without incessant deficit spending, money printing and negative interest rates, there is clearly something very rotten.

The long term view is very bullish. We're just getting started, even after moving up around 40% in the last 3 years.

Breakout before the end of the month or deeper pullback.

China has added more than 100 tons of gold to its reserves since it resumed buying in December, reinforcing its standing as one of the major official accumulators as central banks stock up on the precious metal.