A mammoth 14.87 tonnes of gold bought by GLD and yet the price of gold falls/PMI’s around the globe plummet and bourses rise??/China’s WMP or off balance sheet wealth funds is a 15 trillion black swan ready to crack/China expects to hand out 5 million pink slips to workers/Japan floats its first negative yielding 10 yr bond at -.06%/Barclay’s cuts its dividend to only 3 pence and reports awful results in its earnings report
by Harvey Organ
Harvey Organ’s Blog
Gold: $1,230.30 down $3.60 (comex closing time)
Silver 14.73 down 16 cents
In the access market 5:15 pm
Gold $1232.50
silver: $14.83
Today can be outlined simply with two headlines from the same story issued by Reuters;
from zero hedge
“At precisely 10:00am this morning, Reuters’ journalist Abhiram Nandakumar issued a report which tried to “explain” what is going on and why stocks are soaring. This is what he came up with (link):