All the Gold ever extracted is 160,000 tons (in 2009) , The American Debt = 14 Trillion Dollars = 1.8 All the Gold ever extracted in Human History !!! The monetary mass in the US is increasing by 15% a year ! Total gold divided by people in the world gives each of us 23 grams
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Wednesday, November 25, 2015

Illegal Gold Mining Overtakes Cocaine Trafficking In Colombia, Holmes Comments

U.S. Global Investor’s CEO Frank Holmes joins Kitco News to talk geopolitics, the Chinese yuan and illegal mining overtaking cocaine trafficking in Colombia. News broke recently that illegal gold mining has been occurring in the South American country, so much so, that Colombian President Santos came out saying that it brings in roughly $2.5 billion annually and is a major issue of concern. According to Holmes, the issue is with the country’s leadership. 'Santos has sadly lost control of rule of law,” Holmes said. ‘The real, major disappointment has been the leadership of going after these thugs that are hurting mine workers,’ he added, noting that there are very, high-grade deposits in Colombia. Commenting the gold price ahead of U.S. Thanksgiving, Holmes says it is really the imminent rate hikes that are causing short-term volatility in prices. February comex gold futures are down on the day and were last quoted down $2.40 at $1,070.80 an ounce. ‘Thoughts are that if rates rise 25 basis points, gold is going to get clobbered,’ Holmes said. ‘I don’t think so…the real number we’re going to follow in 2016 is CPI (consumer price index).’ Kitco News, November 25, 2015.

Wednesday, November 4, 2015

I’m Still A Buyer Of Gold Despite Bad News - Senior Market Strategist

Gold ended the U.S. day session moderately lower, near the session low and dropped to another four-week low Wednesday. However, Todd ‘Bubba’ Horwitz, chief market strategist with the Adam Mesh Trading Group, says he is still a buyer of the metal in the ‘face of all the bad news that is in the market.’ Some hawkish ‘Fed speak’ and upbeat U.S. economic data hit the precious metals markets today. Gold prices are now closing in on major psychological support at the $1,100.00 level. December Comex gold was last down $7.50 at $1,106.50 an ounce. December Comex silver was last down $0.179 at $15.06 an ounce. “Gold and silver reached our initial objectives and now have sold off. [They] should hold $1,100 and $14.50,” Horwitz said in an interview with Kitco News on Wednesday. Adding to gold’s troubles, is the boost the U.S. dollar index received after U.S. Federal Reserve Chair Janet Yellen testified to a U.S. House committee on bank regulations. She said a Fed rate hike in December is a ‘live possibility’ due to better U.S. economic data over the past few months and her expectations of more of the same in the coming months. Horwitz says he is sticking to his thoughts that the Fed will not raise rates this year, ‘my opinions have not changed and neither have the markets.’ Kitco News, November 4, 2015.

Tuesday, November 3, 2015

Why Gold and Silver prices have fallen in early November 2015

Today is Tuesday 3rd November and we are discussing why gold and silver prices have fallen in recent days.

There is no doubt that we have seen a mixture of 'profit taking' lower than expected Indian demand for gold jewellery products and lower Indian imports. There is a 52% possibility that the FED may raise interest rates in December 2015 and dealers and traders are 'covering their positions' in the expectations of lower prices.

In addition, the US dollar has strengthen a little and the fundamentals for precious metals do not naturally lead to a rise in prices.

In this video we have included comments from "The Times of India", Kitco News, Bloomberg, Reuters and other commentators.

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