Gold focused with Brien Lundin
Brien Lundin joins us with his comments on gold and the situation in China.
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Cheers Cory and Al
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The sell off today, I believe, is because FOMC minutes of the June meeting come out tomorrow. – just typical manipulative behavior.
I am really sorry to see it leave Spokane.
Al,
Spending Halloween in the French quarter is a scary thought… 🙂
Best,
LPG
Yeh, but we are going to have a ball.
You and yours should fly over!
Just wondering. If investors in the US sold gold and silver to meet margin calls 2007-2009; would the Chinese sell gold/silver/platinum/copper… to meet margin calls with the Shanghai/Shenzen exchanges falling?
U.S. Mint runs out of silver today.
just read it……..from Mark………thanks for the heads up………….j.
Forget China. I sold my China positions in 2013 and walked away with 50 – 103% profit. Check out RUSL on the one year chart. Russia took off like a “scalded cat” in December and has been climbing since with MASSIVE volume. Meanwhile Uncle Idiot (Sam) is telling you Putin’s stock market is in the tank. Really? Made 18% on Russian this year and have a target profit of 20% on my current position.
Gold will see $1140 before it see $1200. Just took 16% on a gold bear (JDST) today. Could have made 19% but my crystal ball was cloudy. 🙂
the FXI isn’t lofty at all the shanghai is and the PEK is….. FXI is good value according to stewart thomson
This was a good interview with Brien Lundin and I agree on the flow of the physical metals from West to East, and the Chinese getting involved in the gold fix, will give them a little more influence in PM pricing in years to come.
The Silver Summit is moving from Spokane this year to the Hyatt Regency Embacadero in San Francisco for Nov 23-24 (I think) 2015.
Could be exciting for a change if PM’s are rocketing up at that time. But who knows?