WEEK IN REVIEW: May 26-31

Published by Goldbroker ™ | May 31, 2014 | Press Review

Gold and Silver - Long and Short-Term Performance
Published May 28, 2014 on Goldbroker by Dan Popescu

Gold is mostly a monetary metal while silver is today mostly an industrial metal, but still with a large monetary component, especially in a monetary crisis, as "poor man's gold". Recent performance of silver confirms that even though it is mostly an industrial metal its monetary aspect largely dominates its price performance in these circumstances.

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China Wants More Influence in Determining the Price of Gold and Silver
Published May 28, 2014 on Goldbroker by Fabrice Drouin Ristori

The mechanism used to determine the price of gold and silver, the London fix, is under pressure and China, of course, wants to take advantage of this situation to have more to say on the way precious metals prices should be determined in the future.

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Russia: Financial and Energy Interests Seem to Exceed Political Stakes
Published May 30, 2014 on Goldbroker by Fabrice Drouin Ristori

A new signal, this time coming from large corporations distancing themselves from White House political decisions, that sanctions against Russia are ineffective : Exxon and BP are maintaining their partnership with Russia. We're talking about two of the largest oil companies opposing sanctions that Washington wants to impose on Russia.

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Gold Market Manipulation Reaches Mainstream Media
Published May 27, 2014 on Goldbroker

Gold price fixing manipulation goes mainstream on public TV channel 3sat, a cooperation between Germany, Austria and Switzerland. The documentary exposes "an examination of gold prices reveals machinations fit for a financial thriller....

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Amount of Derivatives in the World: 710 Trillions of dollars
Published May 29, 2014 on Goldbroker by Philippe Herlin

The Bank for International Settlements (BIS) just published a statistical study on the amount of derivatives worldwide at the end of 2013, and they reach the astronomical amount of $710 Trillions ($710,000,000,000,000). For comparison purposes, the United States GDP in 2013 amounts to $16 Trillion, or 44 times less.

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First Germany, Now Austria Demands An Audit Of Its Offshore Held Gold
Published May 26, 2014 on Zerohedge

First it was Germany, now another AAA-rated European country is starting to get concerned about its hard assets. Overnight Bloomberg reported that following in Bundesbank's footsteps, Austria will audit its gold reserves located in the UK, which represent 80% of its total gold holdings.

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Putin says Russia and China Need to Secure their Gold and Currency Reserves
Published May 24, 2014 on Reuters

"For us (Russia and China) it is important to deposit those (gold and currency reserves) in a rational and secure way," he said. "And we together need to think of how to do that keeping in mind the uneasy situation in the global economy."

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Former Bundesbank Vice-President Recommends Gold, Says Current Economic System is "Pure Fiction"
Published May 24, 2014 on Globaleconomicanalysis

Jürgen Stark, former vice president of the Bundesbank, and also former chief economist of the ECB (unofficial title) says "The System is Out of Control".

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We Will Be Looking At A Frightening World In Coming Years
Published May 30, 2014 on Kingworldnews

42-year market veteran spoke with King World News about some unprecedented events which are taking place that will lead to a very frightening world in coming years. Below is what Egon von Greyerz, who is founder of Matterhorn Asset Management out of Switzerland, had to say in this powerful interview.

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Precious Metals Manipulation Isn't Hidden, It's Right In Front Of Your Eyes
Published May 30, 2014 on Srsroccoreport

There is no need in trying to prove precious metals manipulation, because it's out in the open... right in front of your eyes. However, this doesn't stop the silly games being played by some of the well-known analysts in the precious metal community.

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Catastrophic Outcomes May Come Faster Than Expected-James Rickards
Published May 25, 2014 on USAWatchdog

James Rickards, author of the new best-selling book called "The Death of Money," says the financial collapse will happen, but he is not sure of when it will come. Rickards explains, "It is the thing you won't see coming that will take the system down. Things happen much more quickly than what investors expect."

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