Yeah, you could say that, but you never know when the axe is going to fall even though Eric Sprott says gold will be $2400 by this time next year.
When the fire in the picture theatre starts everyone will be heading for the exit at the same time.
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Treasury International Capital Data for June
8/15/2013
WASHINGTON – The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for June 2013. The next release, which will report on data for July 2013, is scheduled for September 17, 2013.
The sum total in June of all net foreign acquisitions of long-term securities, short-term U.S. securities, and banking flows was a monthly net TIC outflow of $19.0 billion. Of this, net foreign private outflows were $4.6 billion, and net foreign official outflows were $14.3 billion.
Foreign residents reduced their holdings of long-term U.S. securities in June; net sales were $77.8 billion. Net sales by private foreign investors were $81.6 billion, and net purchases by foreign official institutions were $3.8 billion.
At the same time, U.S. residents decreased their holdings of long-term foreign securities, with net sales of $11.0 billion.
Taking into account transactions in both foreign and U.S. securities, the net foreign purchases of long-term securities were negative $66.9 billion. After including adjustments, such as estimates of unrecorded principal payments to foreigners on U.S. asset-backed securities, the overall net foreign acquisition of long-term securities is estimated to have been negative $85.4 billion in June.
Foreign residents increased their holdings of U.S. Treasury bills by $8.8 billion. Foreign resident holdings of all dollar-denominated short-term U.S. securities and other custody liabilities decreased by $4.4 billion.
Banks’ own net dollar-denominated liabilities to foreign residents increased by $70.8 billion.
Complete data are available on the Treasury website at:
http://www.treasury.gov/resource-cen...ges/index.aspx
Rising bond yields could be the death knell for non-yielding gold and silver.
I'm not talking about hyperinflation that goldbugs get themselves in a lather about, I'm talking bond yields edging up, good for savers, bad for gold.
You've got that one wrong buddy!!
http://www.reuters.com/article/2013/...97E0FS20130815
Berkshire Hathaway spent $4.64 billion on equity investments in the last quarter.
OMG --------------goldbugs. lol, no wonder they eventually get cleaned out.
hahahaha
Ridiculously oversold : Fund Manager
http://www.cnbc.com/id/100968550