China Sends One of the West’s Most Critical Materials Soaring

Photographer: Daniel Berehulak/Getty Images

 

  • Tungsten prices have jumped 50 percent in the last two months
  • China is enforcing output quotas for the steel-hardening metal

The price of one of the most critical materials for the Western world’s economy and defenses is spiking faster than any major commodity. Continue reading

Opinion: Why China probably has a lot more gold than it admits

China has lifted a veil over its gold holdings and confirmed its interest in providing more up-to-date reserves data by announcing a near 60% jump in its official bullion assets since 2009.

The declaration on Friday, in a Chinese language announcement on the People’s Bank of China (PBoC) website, appears a judicious attempt to show more statistical transparency as China modernizes its international currency arrangements. Continue reading

‘Naive’ to Think Gold Isn’t Manipulated Too, Fund Manager John Butler Says

Gold and silver didn’t even begin to seriously sell off until about fifteen minutes afterthe big dollar index rally was done, so to pin yesterday’s precious metal price action on the currencies is laughable.

One of the other reasons that the sell-offs in the metal are hitting the shares so hard, is that mutual funds are feeling the effects of massive redemptions…and they have to sell whether they want to or not.  The markets are very illiquid…and this just makes matters worse.

But the one big question you should be asking yourself is this…”Who is buying all these shares that the precious metals investors are selling in such a panic?”  Think about it.  Somebody is…and whoever they are [and I have my suspicions] they have infinitely deep pockets…and are the very definition of “strong hands”. Continue reading