King World News -- billionaire Frank Giustra, to make a massive bet on significantly higher gold and silver prices in the future.

 On the heels of a $25 surge in the price of gold and a nearly 5 percent rally in the price of silver, today King World News takes a look at what would lead one of the world’s richest men, billionaire Frank Giustra, to make a massive bet on significantly higher gold and silver prices in the future.

Egon von Greyerz:  “Eric, we are seeing a very nice move in gold and silver today.  I have consistently said that the big move we are going to see for the next few years would start before 2015.  The start of this move beginning in December seems perfect.  I’m not surprised at the action at all and the breakout is clear....

Continue reading the Egon von Greyerz interview here...

GoldMoney News: Gold and silver extend their rallies amid escalating Chinese demand for gold

Obvious out take for me is $tack, $tack, $tack.   I know, that's all I say.  Without a sufficient amount on hand you are fooling yourself into believing that the money you make in the market will buy what you need.

Here is Alasdair Macleod's precious metal roundup for this week.

GoldMoney News: Gold and silver extend their rallies amid escalating Chinese demand for gold

Silver outperforming

Is the bottom appearing in the precious metal markets?  Here is more evidence of the impending upturn in the $ilver market.

Silver outperformed gold this week, having risen about 5% from $19.05 to last night’s close at about $20. Intra-day movements have been the result of market-makers trying to work the price lower, because they are net short, and being squeezed by lack of genuine selling. This is illustrated in the chart below..

GoldMoney News: Silver outperforming

Gold Manipulation is outed!

Those of us that can read a chart already knew of this action in the commodity world.  It extends to all commodities but the gold manipulation is pertinent due to its monetary value.  The banks, just like we would if we had unlimited funds, buy and trade the commodities like currency.  The mere fact that position limits seem non-existent for the banks give them the advantage on both sides of the trade.  Here we have the media and a professor chiming in.

  https://www.goldcore.com/goldcore_blog/bloomberg-how-keep-banks-rigging-gold-prices

Dollar's 30 Year Slide May Be Gold's New Life: 2014 Outlook

While many are scratching their heads, I continue to stack and position myself with leap options.  These temporary noise situations are nothing more than diversions.  While we know that the "bull" will always shake the weak investor off his back, those that are not on margin, will be able to withstand whatever the market will provide.  Reserve some cash in case of further take downs and even place good til cancel(GTC) orders on leap options below the market.

Many traders and investors are still scratching their heads at the peculiar gold trading Wednesday which pushed gold below the important technical level of $1,250/oz. Support at $1,250/oz has been breached and gold is vulnerable of a fall to test support at $1,200/oz and the June 28th low of $1,180/oz (see charts below).

Dollar's 30 Year Slide May Be Gold's New Life: 2014 Outlook

COMEX Halts Gold Trading Twice In One Day After $200 Million Sell Trades

As hard as it is to trade the artificial pricing, we traders must step aside at times.  Remember no position is a position.  Hold your cash until the noise stops and then be ready to trade the trade of the century.

COMEX Halts Gold Trading Twice In One Day After $200 Million Sell Trades

Rigging the Gold Market

Thanks to Pinnacle Digest for this concise look at the blatant manipulation of the metals markets.

While the exact amount is unknown, paper gold supply greatly exceeds physical. The fact that we have a paper gold system tells you just how distorted things have become.  In reality, the paper gold market is no different than a fractional reserve banking system, where there is many times more paper contracts in circulation than there is actual physical gold.

Rigging the Gold Market -- via Pinnacle Digest

Gold -22% YTD - Sentiment As Poor As October 2008 Prior To 2009, 2010 Surge

Gold -22% YTD - Sentiment As Poor As October 2008 Prior To 2009, 2010 Surge

Gold and $ilver to rally after monthly options expiration

“We are having a nice rally off the lows this morning in both gold and silver.  Silver is back above $20 and the gold price is nicely over $1,300.  As we are speaking gold is roughly $150 off its lows and I don’t think gold will see those lows again....

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/7/25_Here_Is_Why_The_Price_Of_Gold_%26_Silver_Turned_Around_Today.html