SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Ego Forum
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: ames3/4/2013 9:58:08 AM
   of 12175
 
<<The precious metals have been on a fairly wild ride lately, swinging between gains and losses. Investors are moving into both Gold and Silver on inflation concerns brought on by all of the stimulus being pumped into the markets by the major central banks. But a strengthening dollar and global recovery have pushed many investors away from precious metals and back into the equity markets. Central bank's have certainly been big buyers of the precious metals, and a report released this weekend has many wondering if China will continue to move more of its reserves into gold. China's foreign currency reserves have surged nearly 700 percent in the past decade and according to a Bloomberg chart, are now enough to buy every central bank's official gold supply... twice. Currently about 2/3 of China's assets are dollar-denominated and another quarter is in euros. The question is just how much of those reserves are being moved into the precious metals, and what impact that may have on the future of the precious metals markets. >>


--Excerpt from a depressed-sounding Chuck Butler (today's Daily Pfennig). Sentiment over the weekend seems to be reaching crisis mode. Sinclair is hysterically pumping wartime metaphors, promising to print
membership cards for his gold "militia," which makes him seem panicky as well as dippy. Butler's
Pfennig comments are also parading anxiety about geostrategic doom, with China the looming predator.
Strange to see so much near panic on the poopdeck. At least hubris got a decoder ring in time to figure this out.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News