Gold & Silver Bullion

Gold sales shine in dark economic times
CNET
In the 50 years since Burt Blumert founded Camino Coin Company, a precious metals dealer in this quiet San Francisco suburb, he’s never witnessed such a frenzy of interest in gold and silver coins. “There are no gold coins available,” said Blumert, who is now mostly retired after giving the business to a longtime employee last year. “This is just as true of silver, even more so.”
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The Trillion Dollar Trap
Daily Reckoning
Argentina is full of surprises. One big surprise is that the land of the pampas has mostly resisted the worldwide financial inferno. “Thank God for Argentina,” said our old friend Doug Casey last night. On Friday, the US stock market lost another 127 points. Almost all the news is bad. Consumers are slowing down their spending – retail stocks are down about 40% from their high.
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Trying To Find a Bottom
GoldSeek
This past week was one of the wildest in our memory. The VIX indicator, a measure of fear and greed and volatility in the market, went above 80 before reversing and closing over 10 points lower. The VIX trades inversely to the stock market (S&P 500). This was a record level for the current version of the VIX indicator, although it only goes back to 1990.
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Silver Market Update by Clive Maund
SilverSeek
Silver may be classed as a “Precious Metal” but it has certainly not received any special treatment these past few months, during which it has been sold down heavily along with most other commodities, in marked contrast to gold, which has held up well. We can see this at a glance by comparing the long-term charts for silver and the commodities index, which are stacked one above the other below for direct comparison.
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Gold up on bargain hunting, seen volatile
FXStreet
Gold prices rose more than 3 percent on bargain hunting and festival-related buying from India on Monday, but trading was choppy, analysts said. “We are not out of the woods yet — but for gold it looks like there might be light at the end of the tunnel,” said James Moore at TheBullionDesk.com. “The GDP numbers from China overnight do show that growth over there is slowing and the global picture is not looking particularly brilliant.”
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Why Oil and Gold Are Headed Much Higher
Seeking Alpha
Analysts led by Francisco Blanch at Merrill Lynch & Co. Inc. wrote in a research report that gold could reach $1,500 an ounce. They also predicted that oil would reach $150 a barrel. In the research note released earlier this week, the analysts said “the unintended consequence of the ongoing financial bailout will be inflationary pressures to the commodity markets.” The analysts provided no timetable for their predictions.
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Has gold bullion lost its compass?
MoneyWeb
On Thursday, the dollar gold bullion price lost $40 an ounce, within minutes, shortly after trade started up in the Americas. The price plunged through the $800 an ounce level, before bouncing up a bit, and then fell again, for losses of more than $50 on the day. Looking at headlines over many months, gold bulls outnumber bears by at least ten to one, but bullion has persistently declined Tsunamis of encouragement in the form of endless calls to move once again above $1 000 an ounce.
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