Buy Gold While You Still Can!

In the first part of his 2 part report on the ever-tightening supply of physical gold, Chris Martenson describes the fascinating data that “reveals the extent of the West’s massive dis-hoarding of physical gold” and points out the “enormous and growing disconnect between the cash and physical markets for gold” – which he explains, has major repercussions for physical gold storage.

Martenson also describes how the Fed watches the price of gold carefully regarding it as a “golden thermometer” on market sentiment.

DAILY PRICES

Today’s Gold Prices: USD 1137.60, EUR 1016.26 and GBP 747.23 per ounce.
Friday’s Gold Prices: USD 1145.50, EUR 1027.63 and GBP 752.18 per ounce.
(LBMA AM)

Gold closed at $1146.60 with a 0.61% gain on the week.  Silver closed at $15.08, down $0.05 and down just 0.46% for the week.  Euro gold fell to about €1023 and platinum lost $7 to $945.

Read more on the GoldCore.com blog

IMPORTANT NEWS

Gold steady after earlier losses amid worries over U.S. rate hike timing – Reuters
Gold ends lower, but posts a gain for the week – MarketWatch
Gold eases as Yellen remarks on rates boost dollar – Reuters
Gold Bears Grow Weary as Options Ratio Drops to Three-Year Low – Bloomberg
Banks Discuss Shifts to How London Gold Traded for 300 Years – Bloomberg

IMPORTANT ANALYSIS

A Comex Bank Run For Scotia Mocatta – TF Metals Report
In cash we trust – abolish it and you invite tyranny – Financial Times [paywall]
Congress and the Fed Refuse to Learn From Their Mistakes – Ron Paul Institute
What If This Retail Silver Investment Shortage Doesn’t End? – SilverSeek.com
Thoughts from the Frontline – Balloons in Search of Needles – GoldSeek.com

Read more News & Commentary on GoldCore.com

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