Peter Schiff: Will April Showers Rain on Wall Street's Excuse Parade?

  Economy is slowing down, Peter Schiff is very good to summarise what is bad about the economy now. All the good news you can get on CNBC. Jim Puplava and James Rickards are talking as well about FED's inability to rase rates now. Nobody knows the future, but US Dollar rally is killing the recovery in corporate profits and market valuations are getting too extended now. Any further hesitation in parabolic move of the dollar will confirm Gold Double Bottom, next target is $1,300 when the real fun will start. 

Jim Rickards In Depth: What The FED Gets Wrong - No Interest Rates Increase 2015.

  This is one of the best interviews with Jim Rickards. The future will tell whether Jim Rickards is right on interest rates.  His Currency Wars have become the reality and Gold will finally reflect the fundamentals once US Dollar will finish its parabolic move. Realisation that FED cannot really raise interest rates in any meaningful way will be the catalyst for this move. China's dramatic appetite for Gold and decrease of gold output will drive the demand and supply constrains.

ZeroHedge: Peak Gold? Goldman Calculates There Is Only 20 Years Of Gold Supply Left.

 

 

  Finally the word is out and multiplied by ZeroHedge. Let's wait when the story will hit mass media now.

Peak Gold: 10 Remarkable Gold and Silver Trends Going Into 2015.

"Gold production is expected to peak in 2015. As the next chart suggests, the discovery cycle peaked some 20 years ago, and that will only reflect as of this year in the production volumes. Combine this with the falling gold prices (currently right below the average cost of production), and the result is a series of liquidations of miners and mining projects which would lead to an even more drastic short-term decrease of gold output. Read more."

TNR Gold: Shotgun Gold Project Development in Alaska.

 "Nova Gold has published its new presentation for PDAC 2015. Now you can find more information about Alaska as mining jurisdiction and Donlin Gold type of Gold deposit. TNR Gold owns 100% of Shotgun Gold project in Alaska, which has very similar geology to Donlin Gold, according to Greg Johnson - one of the founders of Nova Gold. Read more."

ZeroHedge: Specs Have Never Been More Short Gold Or The Euro.

  

  ZeroHedge reports about the record short position in Gold, which can become the catalyst for the move higher. This week sell off in gold is holding the lid on $1,200 level. All these games will end in tears one day.

ZeroHedge: Peak Gold? Goldman Calculates There Is Only 20 Years Of Gold Supply Left.

 

 

  Finally the word is out and multiplied by ZeroHedge. Let's wait when the story will hit mass media now.

Peak Gold: 10 Remarkable Gold and Silver Trends Going Into 2015.

"Gold production is expected to peak in 2015. As the next chart suggests, the discovery cycle peaked some 20 years ago, and that will only reflect as of this year in the production volumes. Combine this with the falling gold prices (currently right below the average cost of production), and the result is a series of liquidations of miners and mining projects which would lead to an even more drastic short-term decrease of gold output. Read more."

TNR Gold: Shotgun Gold Project Development in Alaska.

 "Nova Gold has published its new presentation for PDAC 2015. Now you can find more information about Alaska as mining jurisdiction and Donlin Gold type of Gold deposit. TNR Gold owns 100% of Shotgun Gold project in Alaska, which has very similar geology to Donlin Gold, according to Greg Johnson - one of the founders of Nova Gold. Read more."

ZeroHedge:

Crowded Trade 2.0: Specs Have Never Been More Short Gold Or The Euro

The Long US Dollar, Short US Treasuries trades were the 'most crowded' earlier this year and while both have derisked modestly from record highs, this week saw the net speculative position in EURUSD futures surge more negative and has never been shorter. Along similar 'strong dollar' lines, as Bloomberg reports, net long positions in Gold have dropped to their lowest since Dec 2013 and outright Gold short positions rose for the seventh week in a row to the highest since data began in 2006.

Specs have never been more short The Euro against the US Dollar...

And gold shorts have never been higher...

So everyone on one side of the Strong Dollar boat... apart from The Fed...

Charts: Bloomberg"

Frank Holmes: Is Yellen Or The USD Driving Gold Lower?

"Gold prices kicked off the week sharply lower as Frank Holmes is back from the Mines & Money conference in Hong Kong and discusses Fed Chair Janet Yellen’s hawkish comments Friday afternoon and the renewed strength of the U.S. dollar on this edition of Gold Game Film. Holmes notes that weakness in gold prices is a combination of Yellen’s comments spilling into this week and a stronger U.S. dollar – something he doesn’t see lasting. “The idea of rates rising in America, the dollar would just rip and the stock market would plunge,” he says. “It would plunge more in dollar value loss than one would imagine compared to gold falling to $1,000, or $900 an ounce. The wipeout in the stock market would be significantly greater.” Tune in now to see where Frank’s tossing his touchdown pass of the week. Kitco News, March 30, 2015."

ZeroHedge: Peak Gold? Goldman Calculates There Is Only 20 Years Of Gold Supply Left.

 

 

  Finally the word is out and multiplied by ZeroHedge. Let's wait when the story will hit mass media now.

Peak Gold: 10 Remarkable Gold and Silver Trends Going Into 2015.

"Gold production is expected to peak in 2015. As the next chart suggests, the discovery cycle peaked some 20 years ago, and that will only reflect as of this year in the production volumes. Combine this with the falling gold prices (currently right below the average cost of production), and the result is a series of liquidations of miners and mining projects which would lead to an even more drastic short-term decrease of gold output. Read more."

TNR Gold: Shotgun Gold Project Development in Alaska.

 "Nova Gold has published its new presentation for PDAC 2015. Now you can find more information about Alaska as mining jurisdiction and Donlin Gold type of Gold deposit. TNR Gold owns 100% of Shotgun Gold project in Alaska, which has very similar geology to Donlin Gold, according to Greg Johnson - one of the founders of Nova Gold. Read more."

Jim Rickards In Depth: What The FED Gets Wrong - No Interest Rates Increase 2015.

  This is one of the best interviews with Jim Rickards. The future will tell whether Jim Rickards is right on interest rates.  His Currency Wars have become the reality and Gold will finally reflect the fundamentals once US Dollar will finish its parabolic move. Realisation that FED cannot really raise interest rates in any meaningful way will be the catalyst for this move. China's dramatic appetite for Gold and decrease of gold output will drive the demand and supply constrains.

ZeroHedge: Peak Gold? Goldman Calculates There Is Only 20 Years Of Gold Supply Left.

 

 

  Finally the word is out and multiplied by ZeroHedge. Let's wait when the story will hit mass media now.

Peak Gold: 10 Remarkable Gold and Silver Trends Going Into 2015.

"Gold production is expected to peak in 2015. As the next chart suggests, the discovery cycle peaked some 20 years ago, and that will only reflect as of this year in the production volumes. Combine this with the falling gold prices (currently right below the average cost of production), and the result is a series of liquidations of miners and mining projects which would lead to an even more drastic short-term decrease of gold output. Read more."

TNR Gold: Shotgun Gold Project Development in Alaska.

 "Nova Gold has published its new presentation for PDAC 2015. Now you can find more information about Alaska as mining jurisdiction and Donlin Gold type of Gold deposit. TNR Gold owns 100% of Shotgun Gold project in Alaska, which has very similar geology to Donlin Gold, according to Greg Johnson - one of the founders of Nova Gold. Read more."

Koos Jansen: When Will China Disclose Its True Official Gold Reserves And How Much Is It?

  

   Koos Jansen has published another great investigative article on China's gold demand and reserves. It goes very well with the Peak Gold scenario. Apart from the news making it to the mass media it is very important that real money are buying into it already: China is on track for another record year in Gold demand. 

ZeroHedge: Peak Gold? Goldman Calculates There Is Only 20 Years Of Gold Supply Left.

  Finally the word is out and multiplied by ZeroHedge. Let's wait when the story will hit mass media now.

Peak Gold: 10 Remarkable Gold and Silver Trends Going Into 2015.

"Gold production is expected to peak in 2015. As the next chart suggests, the discovery cycle peaked some 20 years ago, and that will only reflect as of this year in the production volumes. Combine this with the falling gold prices (currently right below the average cost of production), and the result is a series of liquidations of miners and mining projects which would lead to an even more drastic short-term decrease of gold output. Read more."

TNR Gold: Shotgun Gold Project Development in Alaska.

 "Nova Gold has published its new presentation for PDAC 2015. Now you can find more information about Alaska as mining jurisdiction and Donlin Gold type of Gold deposit. TNR Gold owns 100% of Shotgun Gold project in Alaska, which has very similar geology to Donlin Gold, according to Greg Johnson - one of the founders of Nova Gold. Read more."

Koos Jansen:

BullionStar.

When Will China Disclose Its True Official Gold Reserves And How Much Is It?

Things are heating up in the Chinese gold market

First let’s go through the latest Shanghai Gold Exchange data and then we’ll continue to discuss the most recent developments regarding Chinese official gold reserves.

Friday the Shanghai Gold Exchange (SGE) released its trade report of week 11, 2015 (March 16 – 20). Withdrawals from the vaults, which equal Chinese wholesale demand, accounted for 53 tonnes, up 3.91 % from the prior week.

Blue (本周交割量) is weekly gold withdrawn from the vaults in Kg, green (累计交割量) is the total YTD.

Year to date total withdrawals have reached a staggering 561 tonnes, up 7.3 % from 2014, up 33 % from 2013.When using the basic equation for the Chinese gold market to estimate import, we learn that up until March 20 China has net imported 412 tonnes. Add to this India has net imported about 230 tonnes over the same period, that’s 642 tonnes combined. I wonder how long the Chinese can keep up this pace of importing before physical supply from Western vaults runs dry.

Trading volume on the Shanghai International Gold Exchange (SGEI) has been 32 tonnes in week 11, which could have distort SGE withdrawals by 0.8 tonnes. (Read SGE Withdrawals In Perspective for more information on the relation between SGEI trading volume and SGE withdrawals)

When Will China Disclose Its True Official Gold Reserves And How Much Is It?

Read more."

ZeroHedge: Peak Gold? Goldman Calculates There Is Only 20 Years Of Gold Supply Left.

 

 

  Finally the word is out and multiplied by ZeroHedge. Let's wait when the story will hit mass media now.

Peak Gold: 10 Remarkable Gold and Silver Trends Going Into 2015.

"Gold production is expected to peak in 2015. As the next chart suggests, the discovery cycle peaked some 20 years ago, and that will only reflect as of this year in the production volumes. Combine this with the falling gold prices (currently right below the average cost of production), and the result is a series of liquidations of miners and mining projects which would lead to an even more drastic short-term decrease of gold output. Read more."

TNR Gold: Shotgun Gold Project Development in Alaska.

 "Nova Gold has published its new presentation for PDAC 2015. Now you can find more information about Alaska as mining jurisdiction and Donlin Gold type of Gold deposit. TNR Gold owns 100% of Shotgun Gold project in Alaska, which has very similar geology to Donlin Gold, according to Greg Johnson - one of the founders of Nova Gold. Read more."

ZeroHedge:

Peak Gold? Goldman Calculates There Is Only 20 Years Of Gold Supply Left

Late last year, when looking at a Goldcorp slideshow, we noticed something surprising: the gold miner had forecast that 2015 would be the year when gold production would peak among the mining industry.

To be sure Goldcorp was really just pitching its own balance sheet, and was more focused on its far more levered gold-mining competitors going out of business...

... and hence facilitating "peak production" this year as one after another producer is forced to file for bankruptcy, than actually making a statement on how much gold remains to be mined in the ground. Because the last thing even the most healthy gold miner, with the lowest production cost wants, is to face a world in which their primary commodity is running out.

Which may just be this world.

According to a report issued by Goldman's Eugene King looking at commodity scarcity, the chart below "shows that there are only 20 years of known mineable reserves of gold and diamonds."

Some futher observations on gold and scarcity in general from Goldman:

The combination of very low concentrations of metals in the Earth’s curst, and very few high-quality deposits, means some things are truly scarce. Perhaps unsurprisingly, these are the so-called precious metals (and diamonds), and that their value is derived from the fact they are rare. 

Their relatively scarcity, and the market’s belief that new discoveries will be limited, is what drives the price of these super rare commodities. Take diamonds as perhaps the most extreme example. A diamond has very little intrinsic value. Its value is determined by a belief that it is rare and, for a natural diamond, unique. 

Gold has been used as a measure of wealth for more than 4,000 years, as the ancient Egyptians soon worked out that gold was not only shiny and heavy, but rare.

Of course, this analysis is meaningless in a vacuum: if the "known reserves" of gold plunge in the coming decade, no matter how many gold futures and GLD short sales are conducted by the BIS, the price will have to go up, and it will go up high enough to where a new surge of gold miners will come online and find thousands of new tons of gold reserves around the globe. 

Unless they don't, and Goldman is correct that "peak gold" may have arrived. This will be even more true if over the coming years the long overdue fiat economic panic finally washes over the globe, and a revulsion toward central bank policies forces a scramble into gold whose value (if not price since fiat currencies will be redundant) soars. 

The answer is unclear, but what is certain is that like the price of oil over the past decade and until last fall when price discovery finally became somwhat credible, what happens in the physical realm has absolutely zero marginal impact on the price of commodity which has about 100 ounces in deliverable paper contracts for every ounce in underlying. It will be only after the gold price distortions via the derivative market are eliminated that such trivial price-formation forces as supply and demand are once again relevant. ZeroHedge."

Max Keiser: Gold Market Manipulation - Does It Matter?

Central Banks are buying Gold and China is changing the game again: new Gold Fix in Yuan can bring the real price discovery to the gold market again.

Central Banks Bought 477 t of Gold In 2014 - Second Highest In 50 Years.

  "Koos Jansen debates a lot of data produced by World Gold Council and I will stay with him on his in-depth analysis of China's Gold Demand picture. But WGC has produced the very important news in this presentation: Central Banks Bought 477 t of Gold In 2014 - Second Highest In 50 Years. Now we can add it to the Peak Gold production in 2015 reports."

Peak Gold: 10 Remarkable Gold and Silver Trends Going Into 2015.

"Gold production is expected to peak in 2015. As the next chart suggests, the discovery cycle peaked some 20 years ago, and that will only reflect as of this year in the production volumes. Combine this with the falling gold prices (currently right below the average cost of production), and the result is a series of liquidations of miners and mining projects which would lead to an even more drastic short-term decrease of gold output."

Dundee Martin Murenbeeld: Gold To Move Higher Against USD.

"Kitco News continues coverage of PDAC 2015 with Dundee Capital Markets' Martin Murenbeeld to see why he says the U.S. Federal Reserve will not make any significant policy moves. "Our forecast is actually that gold will go up a little bit against the U.S. dollar because the Fed isn't really going to tighten in any significant manner," he says, adding that he only expects the Fed to raise rates by 25 basis points. "What is 25 basis points? I mean, it's like an absolute nothing with respect to impact on the U.S. economy," he says. "So it's really an announcement effect and we think the market has discounted it," he adds. Looking to the resource sector, Murenbeeld says sentiment is now 'constructive' and says investors should start looking at the industry again. "We have been telling our clients that this is a good year to start averaging in again into the resource sector." Tune in now to see if he thinks a bottom is in for the industry. Kitco News, March 4, 2015."

Central Banks Bought 477 t of Gold In 2014 - Second Highest In 50 Years.

Peak Gold: 10 Remarkable Gold and Silver Trends Going Into 2015.

"Gold production is expected to peak in 2015. As the next chart suggests, the discovery cycle peaked some 20 years ago, and that will only reflect as of this year in the production volumes. Combine this with the falling gold prices (currently right below the average cost of production), and the result is a series of liquidations of miners and mining projects which would lead to an even more drastic short-term decrease of gold output."

Central Banks Bought 477 t of Gold In 2014 - Second Highest In 50 Years.

  Koos Jansen debates a lot of data produced by World Gold Council and I will stay with him on his in-depth analysis of China's Gold Demand picture. But WGC has produced the very important news in this presentation: Central Banks Bought 477 t of Gold In 2014 - Second Highest In 50 Years. Now we can add it to the Peak Gold production in 2015 reports.

Peak Gold: 10 Remarkable Gold and Silver Trends Going Into 2015.

"Gold production is expected to peak in 2015. As the next chart suggests, the discovery cycle peaked some 20 years ago, and that will only reflect as of this year in the production volumes. Combine this with the falling gold prices (currently right below the average cost of production), and the result is a series of liquidations of miners and mining projects which would lead to an even more drastic short-term decrease of gold output."

Peter Schiff: Gold And Shocking Admission & Denial from Alan Greenspan.

  Peter Schiff is digging down into the worsening economic indicators. According to him, we are getting close to another spectacular failure of the Central Bankers. Nobody knows the future, but some - like FED and other central banks, are very actively manipulating it. Alan Greenspan's "coming out of the closet" is very interesting in this context. All this massive easing, including latest from China, will add to the macro trend of Gold Peak production in 2015.

Alan Greenspan - Gold to Rise Measurably... Fed Can't Exit without Causing an "Event"

Alan Greenspan: Gold Is The Premier Currency And The Dollar Can't Match It.

Peak Gold: 10 Remarkable Gold and Silver Trends Going Into 2015.

Gold Prices Need To Move Higher, Reserves Aren’t Being Replaced.

"Kitco News speaks with Bear Creek Mining chairman Catherine McLeod-Seltzer to see how she sees the industry set up for 2015. “A lot of write-offs were taken in the industry,” she says. “But I think people are ready for a fresh start. They see reasons why metals prices have bottomed and may start to move up,” she adds. According to McLeod-Seltzer, the industry is just in a cycle and she thinks it has bottomed. “The price has been within a range quite stable, so I think that’s part of the bottoming process. And I do know that we consume 90 million ounces a year of our reserves as an industry, and we’re not replacing them,” she says, adding that prices need to move higher in order to support the struggling mining companies. Tune in for more coverage from the BMO Metals & Mining Conference. Kitco News, February 27, 2015."

 Peak Gold  becomes the industry theme for 2015 now.

Peak Gold: 10 Remarkable Gold and Silver Trends Going Into 2015.

Alaska - NOVAGOLD Marks 2014 by Reaching Important Milestones in Advancing Permitting of Donlin Gold.

Alan Greenspan - Gold to Rise Measurably... Fed Can't Exit without Causing an "Event"

Brien Lundin shares his private conversations with former Fed Chairman Alan Greenspan. Brien also shares some of his top picks in the resource sector. 

Alan Greenspan: Gold Is The Premier Currency And The Dollar Can't Match It.

Peak Gold: 10 Remarkable Gold and Silver Trends Going Into 2015.

Frank Holmes: If Greece Leaves The Euro, Gold Adds $200.

"Presidents’ Day has passed and gold is down as Kitco News welcomes Gold Game Film and Frank Holmes to sort through it all. Focusing on Greece, Holmes sees these talks between the Greeks and the European Union as rocking the boat of political instability, saying “now it’s a 50% probability they’ll leave the euro.” He expands by noting that the new government’s opposition to El Dorado’s gold mine brings to light a troubling socialist attitude. Should this instability lead to Greece abandoning the euro, Holmes sees it as a bullish sentiment for gold prices. Holmes also touches on the current currency wars and whether or not South Africa is still a mining giant in the metals space. Tune in now to find out what Frank’s Touchdown pass of the week is! Kitco News, February 17, 2015."

Peak Gold: 10 Remarkable Gold and Silver Trends Going Into 2015.