Physical Gold Shortage Worst In Over A Decade: GOFO Most Negative Since 2001
The last time there was an systemic physical gold shortage was in July 2013. It is then that, for the first time in 5 years, the 1-month Gold forward offered rate, or GOFO, went negative. We said:
Greenspan’s Stunning Admission: “Gold Is Currency; No Fiat Currency, Including the Dollar, Can Match It”
For some reason, the Council of Foreign Relations, where ex-Fed-Chief Alan Greenspan spoke last week, decided the following discussion should be left out of the official transcript. We can perhaps understand why… as Gillian Tett concludes, “comments like that will be turning you into a rock star amongst the gold bug community.”
The Gold and Silver Market Webinar Series
Building Wealth With Gold And Silver!
“The Gold and Silver Markets are entering one of the most exciting periods since the bull market began in 2001. The bear market for the last three years is completing a major long – term bottom at current levels. These levels indicate the gold and silver markets are in the process and transformation to a new and explosive new bull market developing that could last until 2017.”
Conducted LIVE every Saturday at 10:30 am PST by: Patrick MontesDeOca and sponsored by the Equity Management Academy.
Session 1 hour.
Have you been trading for a while, but want to invest more effectively?
Are you a fund manager looking for a fresh perspective on the markets?
Equity Management Academy can provide the online information that’s right for you, whether you’re trading stocks, futures or commodities.
The Equity Management Academy offers:
- Online trading courses taught by our Chief Market Stategist
- Information on how to identify and take advantage of trading opportunities in the financial markets while carefully managing risk
- Using our online classroom and LIVE Trading Room you can learn any time you want, 24/7 at your own pace in the comfort of your own home
- Downloadable lecture notes and software to master the skills necessary to trade in the financial markets
Just starting out or seeking more knowledge about the markets:
Need advice, direction or better day-to-day coaching about the markets:
- Subscribe to our Golden Eagle service
- Subscribe to our VC Futures Daily Price Momentum Indicator
- Join us daily in our LIVE Trading Room
- Inform and educate investors looking for alternatives to conventional wisdom
- Offer proprietary market intelligence and independent progressive research
- Provide coaching, education, industry expert opinions, and commentaries.