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11,000 Kg Gold For A Painting – Will Cost 110 Kg In 2025
Article By: Egon Von Greyerz
Thursday, November 23, 2017 9:56 AM EST
What is absolutely certain is that global wealth will be totally decimated in the next 4-8 years. It doesn’t matter if you are very rich or “just own a house” with some equity left.
In this article: GLD
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Gold Extends Gains After Fed Minutes
Article By: Alp Kocak
Thursday, November 23, 2017 9:35 AM EST
Gold prices ended Wednesday’s session up $11.41 an ounce as the dollar weakened after minutes from the Federal Reserve’s latest meeting showed some officials were concerned over the inflation outlook.
In this article: GLD
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FOMC Fears Pushes Gold Up, ECB Pressuring Euro
Article By: EasyMarkets
Thursday, November 23, 2017 8:16 AM EST
During yesterday’s FOMC meeting concerns were aired regarding growth of inflation, raising suspicions that they may keep interest rates unchanged until the end of the year.
In this article: ERO, GLD
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Crude Oil Prices Rise On Hopes For OPEC Output Cuts Extension
Article By: DailyFX
Thursday, November 23, 2017 4:35 AM EST
Crude oil prices rose to the highest level since mid-2015 amid speculation that OPEC will extend a cartel-led production cut scheme at its upcoming meeting.
In this article: GLD, OIL
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Long-Term Cycle Setting Up Well For Gold
Podcast By: Cory Fleck
Wednesday, November 22, 2017 9:55 PM EST
A discussion on the long-term charts for gold and outlines of the long-term cycles.
In this podcast: GLD, HUI
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Precious Metals: Patience Is Golden
Alexa Graham 11/14/2017 11:25:51 PM

Why the distrust of $GLD? The majority seem to have faith in it.

Gold Cycle Outlook: Cautiously Bullish
Jim Trenery 7/29/2017 4:13:55 AM

Your charts are very interesting. I am especially interested in the first one on $GLD. It looks like GLD did test the lower line of the channel today. It will be interesting to see what Monday brings us.

Why Gold Is A Sure Thing In 2017 (SPONSORED POST)
Flat Broke 3/9/2017 5:40:06 PM

Why is #gold a better investment than say #silver, or other #PreciousMetals? $gld $slv

Why Gold Is A Sure Thing In 2017 (SPONSORED POST)
Charles Howard 3/9/2017 5:38:49 PM

Thanks for the info on #Broadways. $BDWYF looks to be an interest play. #gold $gld

Fed Hike In March May Not Be Bad News For Gold
James Madison 3/8/2017 6:13:56 AM

Depending on what ETFs one might have held or simply Gold. Fanfold, $GLD, $JNUG and so on!

The Next Big Catalyst For Gold
Duanne Johnson 3/8/2017 5:56:54 AM

Sounds good to me! $GLD $GDX

Why Gold Is A Sure Thing In 2017 (SPONSORED POST)
IB Trading 3/7/2017 8:43:46 PM

Very true Gary, just as there's not such thing as a free lunch, there's never a sure thing and one must always look at the considerations. Overall, I think #gold looks promising though $GLD.

Counter Trend Moves Underway
Jim Trenery 2/14/2017 7:36:07 PM

I like your thoughts on these markets & especially #Gold. Every time the gold stocks take a dip they get bought up again without any follow through to the down side. What is it going to take to get GC to make an intermediate cycle low? Thanks. $GLD

The Best ETF To Profit From Gold
Jason Stewart 2/6/2017 8:56:13 PM

Moby, thank you for your insight into $SILJ. I've been looking for an alternative to $GLD ever since I did my due diligence into that fund and found it to be quite shady. GLD so famously claim that they are 100% backed but obstinately refuse to give investors access to any of the 'claimed' gold. Why? There are many profitable gold selling businesses in the world. GLD could even charge exorbitant fees for delivery of said gold but they don't for some strange reason.

The frequently referenced GLD subcustodian audit loophole makes me question this fund even more. What guarantees do we have that they have not leased the gold from someone else? i.e. HSBC. Are they leasing it to someone else? How many claims are there on the gold aka hypothecation? GLD's structure seems to be deliberately vague and intentionally flawed. GLD's custodian, HSBC, with their long history of fraud certainly do not inspire confidence either.

For anyone interested in GLD but have not heard about CNBC's Bob Pisani's visit to GLD's #gold vault, I recommend checking it out. His visit is documented in a segment called Gold Rush: The Mother Lode. This entire segment was organized by GLD's management to prove that their gold actually exists but the gold bar held up by Mr. Pisani displayed a serial of ZJ6752. This serial did not show up on the latest bar list during that time. Cheviot Asset Management’s Ned Naylor-Leyland discovered that this "GLD" bar actually belonged to ETF Securities.

Note that even on the subject of GLD's questionable insurance, they are not at all straightforward about it. Their representatives will not confirm nor deny the existence of GLD's insurance. I recommend anyone curious about this to confirm via calling GLD's publicly listed number for general inquiries at (866) 320-4053 and ask about this clause from the GLD prospectus: "The Custodian maintains insurance with regard to its business on such terms and conditions as it considers appropriate which does not cover the full amount of gold held in custody." Exactly how much of the fund is insured? They will not give you a straight answer and might even throw in some bizarre excuse which I've experienced. Why hide this information from investors? The people behind GLD certainly do not seem like the most honest types.

Charts Of The Day – Half Cycle Low Completed
Jim Trenery 2/2/2017 4:49:34 AM

#Gold looks like it could follow silver with breakout tomorrow 2/2 $GLD

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