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Showing posts with label CNBC. Show all posts
Showing posts with label CNBC. Show all posts
China's Hot Inflation Drives Gold to $2200
Full Article and video: http://www.cnbc.com/id/42596474
"That last time the real rates went negative was in 2007," he says. "At the same time the spot price of gold ran 51% higher. If you take Thursday's closing price and add 51% you get to $2220 and ounce.
These are not actors in a movie about commodity prices.
Three years ago this scene would have played out as a drama in a movie about the economy. Today you expect much more of the same, with no end in sight.
Gold or Silver? (or paper?)
Is this the same guy? Jeff Christian... Shaved off the grey beard and hair colored? Notice the expression on his face at the end of the CNBC interview when long term exhaustion of physical silver is mentioned as the driver for prices explosion by Phil? Is it just me, or is he frowning and thinking "...damn, how in hell are we going to cover all the shorts?..."
Remember Jeffery Christian during the COMEX public meeting?:
Mr. 100 paper contracts to 1 oz of real metal:
Jeff Christian confirms OTC Gold Market sells 100 ozs of claims to each ounce of physical gold (and silver).
Remember Jeffery Christian during the COMEX public meeting?:
Mr. 100 paper contracts to 1 oz of real metal:
Jeff Christian confirms OTC Gold Market sells 100 ozs of claims to each ounce of physical gold (and silver).
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