Gold

  This chart by itself shows how much investors’ sentiment about the gold miners has reached a peak of pessimism not seen since 1943. Miners selling so cheap in relation to gold is a sign of historical capitulation all over the sector. Their valuations, in terms of P/E and business value,...

In the newspapers, one can read a lot of stupid things about gold. They say that gold needs inflation in order to go up. They say that gold moves in an opposite direction to the dollar. Those things are true sometimes, but not always. There is no mathematical relation between the two. They say t...

Paper gold sellers (probably banks like HSBC or JP Morgan) decided (jointly?) to hit the market hard on April 12 and 15, and on June 20 and 26, with so much selling that the effect on the price had to lead to a brutal collapse. On those four days of smashdown, the price of gold fell by $340! It s...

The loss of confidence towards central banks and their gold reserves constitutes the first step of the end game between physical and paper gold. Then investors will lose confidence in certain ETFs like GLD. And the game will end finally with the loss of confidence in the current fiat money syste...

Until 2011, each time gold seemed to be surging up there would be a correction, which is the mark of a sound bull market. On the other hand, from a fundamental point of view, or from a portfolio allocation or psychological point of view, gold was far from filling the criteria of a bubble.

It is said that a picture is worth a thousand words, so let us analyze this relation between gold and silver with some graphs. Gold and silver have their own markets; they sometimes converge and they sometimes diverge, but there is always an important correlation between the two.

Charts by Nick Lair: Open Interest vs Total Stocks, Open Interest vs Registered Stocks, Open Interest vs Eligible Stocks

Egon von Greyerz discusses the demise of the dollar and other currencies as well as the coming 90% fall of stock markets versus gold

Charts by Nick Laird. Gold vs Argentine Pesos, Gold vs Turkish Lira & Gold vs Syrian Pound

We are aware of the currency wars, but we are a lot less familiar with the gold wars raging between the East and the West and, more particularly, between China and the United States.