Today gold slid under $1200 per ounce, dropping to a level not seen in three years. Judging by the price action one would think that gold is not only overflowing from precious metal vaults everywhere, but can be found thrown away on the street, where nobody even bothers to pick it up.
World Mints See Unprecedented Demand For Silver Coins In 2013
The U.S. Mint, Royal Canadian Mint and the Perth Mint all reported extremely high sales of their silver coins.
Silver – A Rigged Market Coming To An End
There could be one more new low in the near future, but that does not mean the physical will be commensurately lower.
Barrick Gold loses two more directors
Robert Franklin and Donald Carty, two of Barrick Gold’s independent directors resigned in a surprising move.
Billionaire Eric Sprott: “You Have To Be A Buyer When People Are Non-Believers”
Eric Sprott is very heavily invested in gold and silver, especially through his firm Sprott Asset Management, and (not surprisingly) he believes that we may be approaching a bottom. Buy when there is blood on the street, right?