Aug 08

Further Examination Of No-fuss Plans Of Selection Interview

160806 5-minute gold But JPMorgan and Canadas Scotiabank still remain the two largest silver short holders on Planet Earth in the COMEX futures market. And it appears that JPMorgan is back in the position of being King Silver Short, but Scotiabank is a very close second. Heres a chart the Nick Laird passed around several hour after Id filed Fridays column, so here it is now. It was his answer to a story in Forbes headlined So Why Do Indian Households Invest So Much In Gold? and that story is linked here , plus I have another story about it in the Critical Reads section as well. Anyhow, Nick went on to say in his covering e-mail that The real reason why Indians invest in gold is that they would lose too much value by investing in assets valued in Indian Rupees. Its a simple case of physical vs. fiat and how to preserve ones wealth. Give that man a cigar! Heres the gold price in Indian Rupees going all the way back to 1976 and the reason why they buy so much gold is self-evident. Click to enlarge. Check This OutAnd Nicks next chart is the withdrawals from the Shanghai gold exchange, updated with Julys data and they reported that the withdrawals for that month totalled 117.6 tonnes. The click to enlarge feature works well here too. Despite my best efforts to hack and slash in the editing room, I still have a decent number of stories for you today and I hope you can find the time in whats left of your weekend to read the ones that interest you. CRITICAL READS July Jobs Report: Trying to Find Meaning in the Meaningless Jeffrey Snider The BLS released yet another perfect payroll report for July.

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selection interview

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