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, December 9, 2015

‘Current Collapse of Commodities Sector’; Fed Meeting Needs to Happen - Senior Trader

Gold is modestly higher in early U.S. trading Wednesday, lifted by key factors which are in a bullish posture: a lower U.S. dollar index and firmer crude oil prices. This comes one day after crude prices were hovering near seven year lows. ‘We are seeing an entire collapse of the commodity complex,’ said Todd ‘Bubba’ Horwitz, a senior trader and host of The Bubba Show in an interview with Kitco News. ‘As long as the U.S. dollar continues to churn higher, it will continue to pressure commodities …we are at 18 year lows on the Bloomberg Commodity Index,’ he said. He added that some solace will come for gold when the upcoming U.S. Fed meeting takes place next week. ‘I think that commodities are very much near a bottom here but it will come down to what Yellen does next week,’ he said. The veteran trader added, ‘ I think gold has been under an extreme amount of pressure and I’m still a fan of gold…I’m not saying we are bottoming tomorrow but you are much better off being a gold owner here than a gold seller.’ February Comex gold was last up $3.00 at $1,078.40 an ounce. March Comex silver was last up $0.134 at $14.245 an ounce.

1 comment:

  1. As soon as the higher interest rates of the Fed are finished with the bubble in the stock market, as well as with the bubbles in the housing and credit markets, gold will grow rapidly. Gold is the only asset with real value.


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