The Hit Farm

Gold and silver prices continue to rise very sharply; gold price reached a new high yesterday at $1666 – the highest price level in 2011; crude oil pric Gold prices were popping as weekly initial jobless claims in the U.S. fell to 400000 last week, but the prior week was revised up from 398000 to [...]

In looking at the data I was struck by how small (relatively) the worldwide market for gold really is. That means that relatively small inflows of funds into the market for gold could potentially have very large effects on the price of gold. With real interest rates remaining low and the consensus outlook for the [...]