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« 'I'm Bullish' On Gold, Fed In A Hurry To Raise Rates - Jim Grant | Main | Gold and Silver: The Final Capitulation Commences »

The Recent Carnage In The Gold Market And The Riskiest Rate Hike Ever

With continued uncertainty in global markets, today two legends in the business sent King World News powerful pieces about the recent carnage in the gold market and the riskiest rate hike ever.

Jeffrey Saut's note regarding the carnage in the gold market:  Yesterday, however, I got some really interesting questions. One came from a portfolio manager who wanted to know, "Have you heard any chatter regarding margin calls within gold and or the gold miner sector?" Given the carnage in the gold space, it is certainly a question to ponder. In my view, gold entered a bear market in 2012, but the recent Gold Gotcha' began in earnest last June when the Chinese stock market lost about one-third of its value.

As it turns out, Chinese brokerage firms were allowing gold to be used as collateral in margin accounts for participants to buy Chinese stocks


Read more....


The HUI falls again '100' on the cards

Could there be a final capitulation just ahead of us?

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