Nov 20, 2015
China Is Accumulating Gold Quietly and Secretly
I think China is deliberately underreporting their gold holdings. I think they are accumulating more and more gold (SPDR Gold Trust ETF (GLD)), quietly and maybe secretly because I do think that ultimately that is their intention, to have a gold backed Yuan becoming the predominant currency in the world.
Nov 19, 2015
Fed: The Only Reason They May Raise Interest Rates
If they are really dependent on the economic data, its all been bad. The data has been consistently bad. If they are really data dependent they should not be raising interest rates.
The only reason they may raise interest rates is because they feel they have to because they are worried that the market might begin to get suspicious of the game they are playing if they do not move.
The only reason they may raise interest rates is because they feel they have to because they are worried that the market might begin to get suspicious of the game they are playing if they do not move.
Nov 18, 2015
Dip In Gold Is A Buying Opportunity
The price of gold (SPDR Gold Trust ETF (GLD)) has fallen back below 1100 dollars. In fact the price of gold has declined almost one hundred dollars in the last 30 days. We are back down in the vicinity of the August low. I think this is an opportunity for those who thought that the rally was getting away from you.
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