GOLD gold futures
Add to My Watchlist 0.51% ! $1,391.7

interesting comments from james turk, page-3

  1. rowingboat
    3,442 Posts.
    lightbulb Created with Sketch. 178
    clock Created with Sketch.
    11/10/08
    15:57
    Post #: 4376977
    Brilliant article by James Turk, thanks AdWebster!

    This provides the information I was after regarding gold's pricing mechanisms.

    So prices are set in the primary market at the LBMA and are directly linked to COMEX.

    So while there is unprecedented demand for gold in the secondary retail market, the bullion banks need to keep finding the gold to feed the LBMA.

    No conspiracy here; just normal market action. Eventually the retail demand will force prices higher as Turk explains. Excellent!

    Rowingboat.


    Value at posting: $13,750
    Likes Created with Sketch.  Upvote
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

  2. Top Stories

 

Featured News

VMM Colossus PFS Unlocks World-Class Project Economics and Positions Viridis for Global Leadership
right-arrow Created with Sketch.
NEWS Significant gold intercepts below Samat and Sorowar pits in resource drilling update
right-arrow Created with Sketch.
CC9 Chariot to Acquire Majority Stake in a Nigerian Lithium Portfolio
right-arrow Created with Sketch.
HAR Maiden Drilling Program to Commence at Ibel South Gold Project
right-arrow Created with Sketch.
NEWS Trump just dropped a 200% tariff bomb. Here's how to cash in
right-arrow Created with Sketch.
NEWS Activeport Secures Network Transformation Contract with Ishan Technologies
right-arrow Created with Sketch.
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
Add to My Watchlist
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.