Physical demand in the large consumer gold market of India has been weaker than expected because the newly elected government has not yet reduced gold import restrictions despite the trade balance having improved.
The end of the year is in sight, and many investors will soon be forced to take painful losses. David H. Smith says that smart investors will take care to cull the weakest mining stocks from their portfolios and reinvest the proceeds in truly undervalued companies.
Later this afternoon the Federal Reserve’s FOMC is widely expected to announce tapering of QE. Many analysts have stated that should QE be tapered then the gold bull market will almost certainly be over.
After a back injury forced him to re-evaluate his Olympic dreams, Ben Davies found a new thrill in the competition of trading. Now managing a long-only gold fund, he strives to protect investors’ wealth while advocating for free market reforms around the globe.
Respected investor and precious metals guru Jim Sinclair has again warned of a risk of a default on the COMEX and said that gold prices will rise to $3,500/oz and that gold at $50,000/oz is “not out of the question.”
It's a jungle out in the silver markets. In this interview, David H. Smith navigates the jungle by advising which explorers, mid-tiers, stalwarts and royalties to consider buying in tranches on the way down and selling on the inevitable way up.
After gold lost $84 an ounce last Friday, we can conclude the beneficiaries were not gold investors who panicked and sold, but rather those who are fighting to preserve the reputation of the U.S. dollar and the fiat currency model that underpins the global economy.