The recent action by the ECB appears to have caught many gold bulls off guard. A common interpretation of the impact that a potential quantitative easing program would have on gold prices was that it would be very bullish. This argument was based on the concept that money printing is bullish for gold, and that QE1 and QE2 by the Fed triggered major rallies in the yellow metal. Whilst we do not dispute that QE1 and QE2 by the Fed were indeed bullish for gold, we strongly disagreed that the ECB would introduce a program that would spark a major rally. In fact we went further, predicting that what the ECB was going to do was in fact highly bearish for gold, and in this article we will endeavour to explain why.
Woven Into Biometric Athletic Shirts, Silver Fibers Help Measure Real Time Vital Statistics
(Washington, D.C. – September 10, 2014) – Silver is playing an important, if not critical role in the growing world of wearable technology.
At the new intersection where fashion and biometrics meet, silver provides the conduit in innovative athletic clothing that transmits sought-after biometric data, such as the wearer’s real time heartbeat, to a sensor that displays the data.
At the end of July, The Silver Institutereleased a report called The Outlook for New Electrical and Electronic Uses of Silver. Prepared by Metals Focus, it looks at three potential areas of growth for the white metal: flexible electronics, light-emitting diodes and interposers.
Silver Industrial Demand Expected to Outpace Global GDP Growth Through 2016: Silver Institute Report
Today a man who has been involved in the financial markets for 50 years spoke with King World News about the gold and silver takedown this week, and why the banking system will collapse. John Embry, who is business partners with billionaire Eric Sprott, also included a discussion about an article in the Globe and Mail this week.
Embry: “As you know, there has been a vicious takedown in gold this week.
At 90 years old and still going strong, the Godfather of newsletter writers, Richard Russell, warned about the continued lies emanating from the U.S. government as we enter a historic inflection point where “all hell will break loose.” The 60-year market veteran also discussed Putin, China, Ukraine, gold, markets, and war.
Russell: “In the Ukraine, ex-KGB operator Putin is playing his game of “who will blink first.” My inner voice tells me that there will be no war in the Ukraine.
On 18th August, stocks were well off their highs and headlines were riddled with concerns about Europe and the Ukraine. We bought March 2015 calls on the S&P 500 ETF SPY, with a strike price of $215 for $0.83.
Just 7 days later the stock market had soared to new highs and we sold the calls at $1.24, banking a profit of 49.40%!
Through careful timing and analysis of both the fundamental and technical factors at play, we were able identify what we believed was a prime trading opportunity where the risk reward dynamics were strongly in our favour.
In our update sent to the subscribers of SK OptionTrader that week we said;
Today one of the wealthiest people in the financial world told King World News that demand for gold coming out of Asia is extremely robust. Rick Rule, who is business partners with Eric Sprott, also discussed why he is so incredibly bullish on gold and silver.
“The Matterhorn London Interviews – Aug 2014: Ambrose Evans-Pritchard”
“Ironically, America has never been as powerful financially as it is now”
In this first of a series of London interviews that Lars Schall conducted for Matterhorn Asset Management this summer, Lars met up with Ambrose Evan-Pritchard to discuss geo-politcal tensions in the world, China’s challenges, threats to the global economy and the expectations for gold.
Just a month ago, Germany's powerful business lobby threw its weight behind tougher sanctions against Russia (dropping its previous objections). It appears they are now regretting that decision. As The Federation of German Industry (BDI) reports today, exports to Russia in H1 2014 dropped 15.5% from 2013 and "may drop by as much as 25% - posing a risk to 50,000 German jobs." We are sure, as Zee Germans look across the pond at the S&P 500 hitting record highs, BDI's conviction that Russia's action must face significant consequences may just fall apart again.