Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
EnglishFrench
Gold & Silver Prices in
ArticlesNewsFlowGold & Silver PricesMarket Briefing
In the same category

Gold Daily and Silver Weekly Charts - Bubbles Carries the Day - Hit the BRICS

IMG Auteur
Jesse
Le Cafe Americain
Published : July 16th, 2014
291 words - Reading time : 0 - 1 minutes
( 1 vote, 5/5 )
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
0
comment
Our Newsletter...
Disclaimer
Category : GoldWire

There was a fairly obvious hit on the metals today, to add a bit to the declines experienced yesterday.

Unless you are daytrading this type of thing ought not to be of any great concern.

The miners were certainly taken out to the woodshed on these antics.

It was a bit disappointing to see silver give up the 21 handle.

Most would think that the slam on the metals, and that is clearly what it was, is coincident with Bubbles Yellen and her appearance before the Congress. I was thinking it was more related to the BRIC meeting in Brazil.

I am sure you have heard about their plan to bring out their own development bank as a counter to the Anglo-American controlled IMF. But I am also hearing that they may say more about substantial about reserve currency alternatives in a subsequent announcement. 
Xinhua News Agency July 15, 2014 3:09pm
FLASH: BRICS AGREES TO SET UP CONTINGENT RESERVE ARRANGEMENT WITH INITIAL SIZE OF 100 BLN USD
A good chunk of silver bullion arrived in the deliverable category at Brinks, but otherwise the Comex is a snore, except for concentrated selling in quiet markets. Up and down, these jokers like to move the price to scare the retail crowd. 

The only real long term affect is to kill the markets they have, to be replaced by other markets which offer more equitable and efficient terms and execution. Bad actions crowd out the good. We are seeing that in spades as the great trading floors turn into ghost towns. Someone needs to save the crony capitalists from themselves, but I do not think it is possible.

Liz Warren's questioning of Bubbles today was a breath of fresh air.

Have a pleasant evening.
Data and Statistics for these countries : Brazil | All
Gold and Silver Prices for these countries : Brazil | All
<< Previous article
Rate : Average note :5 (1 vote)
>> Next article
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
MOST READ
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS
Gold Editorials | Gold Resource News | Gold Fundamental | Gold Discoveries and Drilling Results | Gold Exploration and drilling | Gold In the News and Medias | Gold Most Read Press Releases | List of Copper mining companies | List of Lead mining companies | List of Nickel mining companies | List of Zinc mining companies | List of Gold mining companies | List of Silver mining companies | List of Platinum mining companies | List of Diamonds mining companies | 金銀市價 | सोने_की_कीमत_और_रजत | Precio del oro y plata | أسعار_الذهب_الفضة | ราคาทองคำและเงิน | gold und silberwechselkurs
Contact us Privacy policy Disclaimer About us
copyright 24hGold