Gold

There is not much risk in betting that this number is cooked, largely under-estimated, and that the financial media will be out of superlatives when the next official announcement is closer to reality.

Carli Blankenship summarizes the most recent and significant stories that happened in the gold and silver market during the last 2 weeks.

Back in April we wrote that "The Mystery Of China's Gold Holdings Is Coming To An End" as a result of China willingness to add the Yuan to the IMF's SDR currency basket which would require the disclosure of China's gold holding ahead of an IMF meeting on SDR composition which may be held in October....

The proposal now being put to the Greek government and parliament is a lot worse than the one which was voted down by the Greek people last Sunday. This is really the bankrupt leading the bankrupt to perdition.

Dan Popescu's exclusive interview with Gerald Celente (Trends Journal - Trendsresearch.com) on gold and geopolitics :     - Greece, Puerto Rico defaults, geopolitics and their relation to gold - Gold price manipulation; China, US and EU - Does China control the price of...

Since 2002 the trend has been to store Registered gold at COMEX - with over 8.5 million ounces have been stockpiled there.

Here's a good example of why gold is not trading freely in today's markets.

The situation on the paper gold market shows that speculators are massively short on gold currently (even more so since they’re anticipating a friendly settlement for Greece). On the other hand, the commercials have taken the opposite side of the trade. Generally, this is a typical signal of a pr...

An article in the Swiss newspaper Bilan published last week states that the weight of gold in the global economy amounts to $172 billion. This is a relatively modest number, slightly lower than Apple’s annual turnaround, for example. Is that all that gold weighs?

Imports = 119 tonnes  Exports = 108 tonnes