Note this chart of credit adjusted gold from Real Return Investing at Ritholtz. This piece might be the most worthwhile read of the week.
UBS warns of possible hyperinflation: Zero Hedge
“On Thursday, gold futures recorded a negative 12-month return for the first time since July 2009. This is a rare occurrence over the past decade, happening on only 118 trading days, or just 4.5% of the time.” WSJ
“If we tabulate a 33% increase in valuations, a 100% increase in margins and a 32% increase in production, it yields share price growth of 250%. This equates to HUI 1400 in 2014.” (I reversed the bold numbers-JJ) Daily Gold
Meanwhile, the gold miners are still stuck in the mud: Market Anthropology.
Gold Stocks are due for a “Bounce!” Is a 30-year under-performance long enough? at Kimble Charting Solutions. The gold price direction: Peter Brandt.
Rick Rule on the tightness in the physical silver market: King World News.
Is Silver about to rally 10%? at Kimble Charting Solutions. This silver chart is the largest symmetrical triangle I have ever seen: Nifty Charts.
Europe Runs Over the Platinum Price at WSJ.