 |
|
| |
|
|
| |
Latest Investing News Blog Posts
"We've got worldwide interest rates at zero for like five years and we're cheering a quarter of GDP growth that was a rounding error and we're only excited because all this free money has boosted stocks to the moon, which has only increased the risk, so this is one giant false premise," Fleckenstein Capital chief Bill Fleckenstein tells Fox Business in a May 23 interview. [ Read more… ]May 24, 2013
"I don't think there's enough evidence that the secular bull market in gold is over," Heritage Capital exec Paul Schatz tells Yahoo! Finance's "Breakout" show. [ Read more… ]May 24, 2013
"In the short run you can argue if interest rates go up from here, there's no doubt gold is going to go down. But I think this market is very fickle, it's very QE dependent," Francisco Blanch of Bank of America Merrill Lynch Global Research says in a May 23 CNBC interview. [ Read more… ]May 24, 2013
Trading in gold using the Chinese currency has tripled in Hong Kong this year as the yuan's rally to a 19-year high helps limit risks for jewelers. [ Read more… ]May 24, 2013
As is well-known by everyone, the Fed monetizes the U.S. deficit on a daily basis, thanks to the 45 minutes of POMO love each day when it buys Treasuries from dealers. [ Read more… ]May 24, 2013
Norton Gold Fields Ltd., the Australian producer controlled by China's Zijin Mining Group Co., said it may seize on the metal's price slump to make more acquisitions. [ Read more… ]May 24, 2013
"In the longer term this presents an opportunity for the bulls out there," CEF Holdings CEO Warren Gilman says in a May 23 CNBC interview that addresses gold's drop after Fed chief Ben Bernanke's congressional testimony the day before. [ Read more… ]May 24, 2013
Gold futures ended sharply higher on Thursday, with the metal drawing support from a steep decline in the dollar and weakness in global equities. [ Read more… ]
May 23, 2013
A day after Federal Reserve chief Ben Bernanke sent mixed messages to Congress on the longevity of its gold-bullish quantitative-easing program, two of his more dovish lieutenants were issuing remarks suggesting that tapering won't be starting anytime soon: [ Read more… ]May 23, 2013
Is the coming financial collapse going to be inflationary or deflationary? Are we headed for rampant inflation or crippling deflation? This is a subject that is hotly debated by economists all over the country. Some insist that the wild money printing that the Federal Reserve is doing combined with out of control government spending will eventually result in hyperinflation. [ Read more… ]May 23, 2013
The South African Reserve Bank said it's comfortable with its holdings of gold, which make up about 10 percent of foreign reserves. [ Read more… ]May 23, 2013
Platinum is a precious metal, as is palladium, though to a lesser degree. However, like silver, both are also industrial metals. Unlike silver, it's their industrial use that is the primary price driver for both platinum and palladium -- and that use is undergoing a fundamental shift.
1f44
[ Read more… ]
May 23, 2013
The main message to take away from Federal Reserve chief Ben Bernanke's testimony before Congress is that unless the central bank continues to pump billions of dollars a month into U.S. Treasuries and mortgage-backed securities, the economic recovery is at risk of "slowing or ending." Despite the record-high stock indexes, does that sound like a self-sustaining economy to you? No, and that's why gold remains an important hedge in any well-diversified portfolio. Sudden inflation, a weakening dollar, and an overdue stock correction are all potential factors that could revive gold's fortunes. [ Read more… ]May 22, 2013
"The interesting thing about speculators is they're traders, and they bought the paper gold. In other words, GLD, SLV for silver, and the ETFs, whereas the long-term investors tended to buy bullion and to a lesser extent but still in aggregate a huge amount of gold coins," Euro Pacific Capital consultant John Browne tells Fox Business in a May 21 interview. [ Read more… ]May 22, 2013
Gold's slump has saddled the second-largest U.S. college endowment with more than $300 million in paper losses. But the swoon hasn't shaken the faith of Bruce Zimmerman, who since 2007 has been chief executive of University of Texas Investment Management Co. [ Read more… ]
May 22, 2013
Premiums for gold bars hit a record high in Asia on Wednesday as lower spot prices lured more buyers, mainly in China, the world's second biggest consumer of the precious metal, amid tight physical supplies. [ Read more… ]May 22, 2013
At a time when gold is in a bear market amid record outflows from investor holdings, bullion remains relevant in portfolios as inflation may accelerate, the U.S. dollar weaken and global economic growth stall, according to Franklin Templeton Investments. [ Read more… ]May 22, 2013
It is not news that gold prices have suffered a painful drop this year, especially in April. This is to be expected since gold has not had a single down year in more than a decade. [ Read more… ]May 22, 2013
South Korea's central bank chief said a U.S. pullback from monetary easing would spur risks worldwide from rising bond yields, adding to a global debate over how to manage costs from exiting record stimulus. [ Read more… ]May 22, 2013
"If you're rich, you have to worry about inflation eating into your wealth," said the "Mad Money" host. Therefore Cramer recommends the following: high-end real estate and paintings. "Both of these investments have held their value in times of hyperinflation," Cramer explained. "I'm talking works of art and property ranging from beachfront property and raw land to farmland and more." [ Read more… ]May 22, 2013
Gold investors are awaiting Federal Reserve chief Ben Bernanke's testimony before Congress on Wednesday, as well as the release of the central bank's April meeting minutes, to gauge how much longer the Fed might continue its debt-monetizing stimulus scheme known as quantitative easing. On Tuesday, two Fed branch heads both said QE and low interest rates might still be needed. [ Read more… ]May 22, 2013
"I'm still going to favor gold and silver (over platinum and palladium) mainly because of their monetary component," McAlvany Financial CEO David McAlvany says in a May 20 CNBC interview. [ Read more… ]May 22, 2013
You know that gold bear market that the financial press keeps touting? The one George Soros keeps proclaiming? Well, it is not there. The gold bear market is disinformation that is helping elites acquire the gold. [ Read more… ]May 22, 2013
Gold futures may rebound to $1,500 an ounce in June after hitting a "double bottom" Monday, according to technical analysis by R.J. O'Brien & Associates. [ Read more… ]
May 21, 2013
Pessimism on gold is so extreme that sometimes even the bears worry it might be overdone. Monday the price jumped a little more than 1 percent after news hit the wires that was perceived to be bullish: Moody's Investors Service reported that U.S. policymakers must do something about the government debt to avoid a rating downgrade this year. [ Read more… ]May 21, 2013
At a time when diminishing faith in gold is spurring investors to sell record amounts of the metal, demand for platinum and palladium is strengthening as mining companies curb supply. [ Read more… ]May 21, 2013
The Hong Kong Submission Center of Professional Coin Grading Service has certified a unique Chinese coin, the only known Kirin Province 1910 Hsusen Tung branch mint silver 1.44 Mace (1 Mace, 44 Candareens) with an incuse "Ki" and the dragon's tail in the design pointing to the right. Its pedigree includes the Chang Foundation Collection.
205a
[ Read more… ]May 21, 2013
As far as a lack of confidence in gold and silver, it's as I said before: Markets fluctuate. Nothing goes straight up or straight down. But you certainly shouldn't credit anything you read in the mass media about whether there's confidence in gold or not. [ Read more… ]May 21, 2013
Remember that gold powered to its all-time nominal high above $1,920 back in September 2011, amid debt-ceiling wrangling in Washington, D.C., that led to an unprecedented downgrade to the U.S. credit rating in August 2011 by Standard and Poor's. Now another big ratings agency is threatening to slash the U.S. rating. [ Read more… ]May 20, 2013
Not a day passes without the financial media denouncing gold as an investment option and hailing the bureaucrats heading the world's monopolist monetary central planning agencies as superheroes. [ Read more… ]May 20, 2013
Let's take a look at a few of the ways the rare coin market is far, far different in 2013 than it was in 2008 or 2003. [ Read more… ]May 20, 2013
The U.S. is trying to stop the gold rush to Iran in a bid to undermine the Islamic Republic's plummeting currency, but critics say the move is more likely to hurt ordinary citizens than the rogue regime's leadership. [ Read more… ]May 20, 2013
For now, this drop has sparked a lot of controversy between the gold lovers' camp and the gold haters. It's a passionate situation. And depending on your outlook, you could say both are right. [ Read more… ]May 20, 2013
Changi Airport, Southeast Asia's largest freight airfield, plans to attract more gold bars, tuna and vaccines to Singapore as it seeks to increase handling of high-value cargo to make up for slowing trade. [ Read more… ]May 20, 2013
U.S. policy makers must address debt loads projected to rise later this decade to avoid a 2013 downgrade, even as the latest budget projections are "credit positive," according to Moody's Investors Service. [ Read more… ]May 20, 2013
"The amazing thing is if you look at the figures for the first quarter and the anecdotal evidence we have for April, this is going to be a good year for gold in terms of tonnage," World Gold Council managing director Marcus Grubb tells Bloomberg in a May 16 interview, noting the "huge consumer demand response around the world" to April's price correction.
1fed
[ Read more… ]May 17, 2013
From Wall Street Journal MoneyBeat blogger Mike Weir. Click here to watch Weir debate colleague Francesca Freeman: [ Read more… ]May 17, 2013
Good quality scarce or rare date issues are dramatically higher and trending up. Will this be a new asset bubble? At some point it will be, but I believe we are only at the beginning of the up phase. [ Read more… ]May 17, 2013
Pater Tenebrarum's Acting Man site recently commented on a blockbuster art sale. "The effects of the global race to devalue money were starkly demonstrated this week at an art auction in New York. An abstract painting by New York artist Barnett Newman sold for $43.8 million on Tuesday. ... As the NY Post remarks, the painting entitled 'Onement VI' looks like 'a canvas version of the video game Pong.'" [ Read more… ]May 17, 2013
Peter Schiff of Euro Pacific Capital has been bullish on gold for a long time, but now he has a new reason to buy: Japan. [ Read more… ]May 17, 2013
Gold prices are down about 12.5% since the start of April. But global central banks have been increasing their reserves of the yellow metal. [ Read more… ]
May 17, 2013
You have to keep a couple of things in mind. One is that the inflation numbers released by the U.S. government and most governments around the world have been massaged and doctored to make inflation look lower than it really is. [ Read more… ]May 17, 2013
A day after C Rangarajan, head of the Prime Minister's Economic Advisory Council, stressed the need to bring down India's gold demand to 700 tonne from the present 1,000 tonne, World Gold Council emphasised that government measures to curb the metal's import are unlikely to affect the demand at a retail level as the factors behind the desire of Indian consumers to own gold remain unchanged. [ Read more… ]May 17, 2013
Premiums for gold bars rallied to all-time highs in Hong Kong and Singapore on Thursday after bullion's steepest drop since its April sell-off fuelled another round of buying, constricting supply. [ Read more… ]May 16, 2013
Billionaire investor George Soros joined Northern Trust Corp. and BlackRock Inc. in cutting holdings of exchange-traded products backed by gold before a bear market in prices last month, while John Paulson maintained a stake that lost about $165 million in the first quarter.
1f82
[ Read more… ]May 16, 2013
On May 7, 2013, Rep. Lamar Smith of Texas introduced H.R. 1849: Collectible Coin Protection Act. This bill seeks to broaden the existing Hobby Protection Act by making it unlawful to support or assist anyone who violates the act and adding trademark violations to the act. [ Read more… ]May 16, 2013
The core bullish argument in favor of nibbling on gold and silver at today's low prices lies in their value as an alternative store of purchasing power, given that currencies are being diluted at an unprecedented rate, financial markets are frothy and real-estate and farmland prices aren't exactly at rock-bottom levels. [ Read more… ]May 16, 2013
China's gold demand jumped to a record in the first quarter as sentiment regarding the country's economy underpinned consumption during the Lunar New Year, according to a report today by the World Gold Council. [ Read more… ]May 16, 2013
Just a month after gold suffered its biggest one-day drop in three decades, the precious metal has once again fallen victim to heavy selling pressure. But a tug of war between physical buyers and institutional sellers will put a floor under the precious metal, said analysts. [ Read more… ]May 16, 2013
The U.S. economy showed worrisome signs as jobless claims rose sharply last week while ground-breaking at home construction sites tumbled in April and a gauge of underlying inflation pointed to weak demand. [ Read more… ]May 16, 2013
"We believe the conditions remain in place for a secular bull market in gold. This does not mean that it will be a pleasant ride," Sebastian Lyon says. [ Read more… ]May 16, 2013
Investors didn't buy enough physical gold to offset outflows from gold-exchanged traded funds in the first quarter, but total ETF gold holdings were still higher than a year ago, and demand for jewelry, bars and coins grew a lot thanks to China and India, a report from the World Gold Council released Thursday shows. [ Read more… ]May 16, 2013
Swiss investor confidence fell in May, signaling the economy may struggle to gain momentum as the neighboring euro area stays weak. [ Read more… ]May 15, 2013
Stock markets worldwide are booming, but these booming markets have nothing to do with economic prospects. Prospects in the world are worse than ever, and this includes the US, Europe, Japan and China. None of these countries have a booming economy. What they have is massive debt and accelerating deficits. [ Read more… ]May 15, 2013
The euro-area economy shrank more than economists forecast in the three months through March, extending a recession to a record sixth quarter and increasing pressure on the currency bloc's leaders to spur growth. [ Read more… ]May 15, 2013
The most impressive transaction associated with the Central States Numismatic Society meeting last month was the 1913 Liberty Head nickel, which sold for more than $3 million, plus three other coins that topped the $1 million mark. [ Read more… ]May 15, 2013
Examining US trade data, we were surprised to see that South Africa's $402 million trade surplus with the United States in January had turned into a $689 million deficit by March. Why? [ Read more… ]May 15, 2013
"Will they really stop printing money? Absolutely not," Midas Letter publisher James West tells CNBC in a May 14 interview on gold. [ Read more… ]May 14, 2013
Even after this takedown, I still don't believe that the secular bull market that's been ongoing for 12 years has come to an end. I still believe we'll have a "2" in front of the gold price before it ends. We're going to have to get to $2,000 before there's any decision on my part about the end of the bull run. [ Read more… ]May 14, 2013
$223.3 trillion: The total indebtedness of the world, including all parts of the public and private sectors, amounting to 313% of global gross domestic product. [ Read more… ]May 14, 2013
Portugal will not replicate a deal that allowed Cyprus to sell its gold reserves under its bailout, Bank of Portugal Governor Carlos Costa said on Tuesday, adding that its reserves were unchanged at 382.5 tonnes. [ Read more… ]May 14, 2013
Consumers will sell the least used gold in five years after prices tumbled into a bear market, curbing a source of metal that typically accounts for about one in every three ounces of global supply. [ Read more… ]May 14, 2013
A temporary suspension of the U.S. debt ceiling expires on May 19, but the Treasury Department should be able to borrow for several more months by employing unusual cash management tools. [ Read more… ]May 14, 2013
Rising inflation could be the catalyst for the next cyclical bull market and eventual secular top. While precious metals could be signaling deflation, commodities and equities are not. (The CCI hasn't made a new low!) Money has poured into US equities and junk bonds as a way to earn a return in a low growth and low inflation environment. Government bonds have performed well but not as well as US equities and junk bonds. During deflation there is a search for safety. At present, there is a mad scramble for yield. [ Read more… ]May 14, 2013
As the price of gold price declines, Chinese consumers' appetite for the precious metal is growing. The China Gold Association said sales in the country set a record in the first quarter of the year, jumping 26 percent from same period last year. [ Read more… ]May 13, 2013
Hedge funds increased bets on lower gold prices after investors pulled a record $20.8 billion from bullion funds this year while BlackRock Inc., the world's biggest money manager, said it's still bullish. [ Read more… ]May 13, 2013
Morgan and Peace dollar collectors who want a new challenge can go back to the earlier silver dollar series -- the Seated Liberty dollar. Minted from 1840-1873, this series contains the best numismatics has to offer. The coins are large and made of 90 percent silver. The design is lovely and one of the most famous motifs in American coins. [ Read more… ]
May 13, 2013
Gold imports by India, the world's biggest consumer, may soar this quarter as a plunge in prices spurs demand for jewelry, coins and bars during the country's biggest bullion festival, a jewelers' group said.
1f53
[ Read more… ]
May 13, 2013
If you asked enough people, you might find someone who would know what the lowest mintage business strike 2-cent piece was. [ Read more… ]May 13, 2013
"We saw a major correction in April; it was really, really quite steep," HSBC analyst Jim Steel says of gold in a May 13 CNBC interview. [ Read more… ]May 13, 2013
The U.S. Mint will limit dealers' purchases of its "America the Beautiful" five-ounce silver bullion coins when they go on sale next week, reflecting soaring physical demand after a sharp selloff in precious metals. [ Read more… ]May 9, 2013
The selling [in mid-April] came largely from the exchange-traded funds (ETFs) and was triggered by the short signals from a couple of the big New York brokerage firms. The ETFs were being sold on a panic level, but buyers around the world were literally lining up to buy physical gold. The price has already stabilized. [ Read more… ]May 9, 2013
The legal claims on physical gold far exceed the amount of physical gold that the banks actually have by a very, very wide margin. [ Read more… ]May 9, 2013
With the inflation rate about half of the Federal Reserve's 2.0 percent target, the central bank is facing a major test and some experts wonder whether it will eventually need to ramp up its already aggressive bond buying program. [ Read more… ]May 9, 2013
Chinese gold imports are likely to swell further after more than doubling to an all time high in March as retail consumers pounced when prices plunged to a two-year low last month. [ Read more… ]May 8, 2013
Gold imports by India, the world's largest consumer, are set to exceed 100 metric tons for a second month in May as jewelers rush to beat central bank curbs on overseas bullion purchases by banks, a refiner said. [ Read more… ]
May 8, 2013
An 1879-CC Morgan dollar purchased for $90,000 in 2007 for inclusion in the Marshall CC Collection sold at public auction April 11 for nearly double that price. [ Read more… ]May 8, 2013
Peter Cardillo, chief market economist at Rockwell Global Capital, weighed in on the recent gold correction in an interview with Hard Assets Investor: [ Read more… ]May 8, 2013
No inflation? "U.S. wholesale beef prices rose to an all-time high on Friday," Reuters reports. And that's in line with The Economist's Big Mac index, which shows that the price of McDonald's flagship hamburger is outpacing the official rate of inflation. The message of this recent news is that the Consumer Price Index -- the government's published gauge of inflation -- is bunk. The time to prepare for inflation from the Federal Reserve's unprecedented debt-monetization programs is now, and gold and silver are timeless wealth-preservation assets against rising prices: [ Read more… ]May 8, 2013
There are a dozen significant economic indicators that are warning that the U.S. economy is heading into a recession. [ Read more… ]May 8, 2013
A drive to recognize gold and silver as legal currency, rather than trust in U.S. dollars, is forging ahead with bills in six states, even after gold lost 13 percent of its value over two trading days last month. [ Read more… ]May 8, 2013
Gold imports by China from Hong Kong more than doubled to an all-time high in March as buyers in the biggest consumer after India boosted purchases, underscoring increased bullion demand in the world's second-largest economy. [ Read more… ]
May 7, 2013
"I wouldn't be surprised to see us get back up to those mid-$1,500 levels that may provide a little resistance at this point, and then who knows where is goes from there," Goldcorp CEO Charles Jeannes says of gold in a May 7 CNBC interview. [ Read more… ]May 7, 2013
"All of this money creation's been dammed up, so it's like a reservoir. You've got a weak dam holding it back, but as long as the dam holds it back, you're not going to get washed away in an inflationary flood," Forbes Media Chairman Steve Forbes says in a May 6 Bloomberg interview in explaining gold's April correction. [ Read more… ]May 7, 2013
Hedge fund manager David Einhorn said first-quarter gains from betting against the Japanese currency cushioned declines tied to gold, and told investors that monetary policy affirms his strategy on both assets. [ Read more… ]May 7, 2013
The recent sharp decline in gold prices has shaken the confidence of many people. Don't worry. The price of gold has dipped, but will rise to new heights soon. In the long term, gold prices will rise far more than inflation. For the masses, gold is the best inflation hedge. It is the best weapon for the little guy to fight central banks that help a few to rob many. [ Read more… ]May 7, 2013
Stock market bulls face an inconvenient truth as they celebrate the stock market's new all-time highs. [ Read more… ]May 7, 2013
Deposits of over 100,000 euros are likely to be hit in the event of future European bank collapses, according to a proposal put forward by the Irish presidency of the European Council ahead of a key meeting of finance ministers next week. [ Read more… ]May 7, 2013
Expats in the United Arab Emirates (UAE) are racing to buy up gold after the sharpest drop in prices for 70 years. [ Read more… ]May 7, 2013
In Japan, it's improved consumer sentiment that's boosting purchases of gold. [ Read more… ]May 6, 2013
The sale of an ultra-rare 1913 Liberty Head nickel for more than $3 million grabbed most of the headlines at the Central States Numismatic Society's convention in Schaumburg, Ill. But three other rare coins sold there each topped the $1 million mark, proving once again that unique, highly coveted coins can command prices right up there with fine-art masterpieces: [ Read more… ]May 6, 2013
Because of excessive government interference with interest rates, those desperate for income -- including pension funds -- have pushed prices of virtually all secure sources to nosebleed heights. [ Read more… ]May 6, 2013
Want to know which way the price of gold is headed? Some brokers and money managers say you should keep an eye on gold ETFs. [ Read more… ]May 6, 2013
The outlook for gold, which tumbled into a bear market last month, remains bullish as central banks stick with printing money to weaken their currencies and revive growth, according to Threadneedle Investments. [ Read more… ]May 6, 2013
ICBC, with its eye apparently on the mobs of mainland shoppers buying all the gold chains they can from Hong Kong jewellery shops, has launched yuan "paper gold."
1f6f
[ Read more… ]May 6, 2013
My research indicates that there are more than thirty different people who have bought numismatic items for more than $1 million each during the last ten years. [ Read more… ]May 6, 2013
Vietnam's central bank said it imported gold to make up for a reduction in reserves from sales to local commercial banks. [ Read more… ]May 6, 2013
The likelihood of strikes this May and June by workers in South Africa's strategic mining sector may curb output from the world's largest supplier of platinum, presenting an upside risk for the precious metal, analysts said. [ Read more… ]May 6, 2013
The only conclusion we can make from the response to lower prices by the buyers of physical gold and silver is that "bad" money is being converted into "good" money because the perception is that gold and silver as good money are significantly undervalued in relation to paper dollars issued by the government and currently printed by the Fed at the rate of $85 billion per month, or a little over $1 trillion for all of 2013. [ Read more… ]May 3, 2013
Elliott Management Corp., the $21.8 billion hedge-fund firm founded by Paul Singer, said gold, a money-losing position for the firm this year, remains the best store of value in an uncertain global economy. [ Read more… ]May 3, 2013
Ned Davis Research commodity strategists John LaForge and Warren Pies argue this week that gold has a chance for a comeback -- just don't count on it soon. [ Read more… ]
2168
May 3, 2013
Outside of the eagle, Lady Liberty and allegorical Native American motifs, no symbol is used on American coins as prolifically as ships. [ Read more… ]May 3, 2013
My conviction hasn't been shaken in the longevity of this bull market. This was an unnatural sell-off. But I think it will get back on track. We've had a strong move higher over the last couple of weeks. I don't know that that can last. I think there's been a lot of damage done to sentiment towards gold. [ Read more… ]May 3, 2013
"In the long run the fundamentals usually prevail, but in the short term the technicals can dominate," Tangent Capital exec Jim Rickards says of gold's correction in a May 2 interview. [ Read more… ]May 3, 2013
On Thursday, the Shanghai Daily reported on a "Voice of China" radio program that claimed Chinese housewives are propping up gold prices. The program said those women reportedly spent 100 billion yuan ($16 billion) over the past two weeks, buying up 300 tons of gold and helping keep prices steady at around $1,468 an ounce. [ Read more… ]May 3, 2013
"The paper traders have been moving away, but we've seen a real change lately because we've seen physical buyers coming into the market," USAA VP Dan Denbow tells CNBC in a May 2 interview. [ Read more… ]May 3, 2013
With the yuan rising to a record high against the dollar Thursday, as The Wall Street Journal reported, China's currency is on course to achieve an international reserve status that could challenge the greenback, as the RT report below indicates. In such an eventuality, gold remains a key place to protect at least part of your wealth: [ Read more… ]May 3, 2013
Gold futures settled higher on Thursday to recoup much of their losses from the previous session, as news of fresh stimulus from the European Central Bank in the form of rate cuts helped lift prices for the precious metal by more than $20 an ounce. [ Read more… ]
May 2, 2013
Sales of gold coins by the U.S. Mint rose to the highest since December 2009 after the price of the metal in April fell the most in 16 months. [ Read more… ]May 1, 2013
"What's interesting about gold, when we had that big break about two weeks ago, we saw all the gold stocks trade down significantly, we saw all the gold products trade down significantly, but one thing that did not trade down was gold coins, tangible, real gold," CME Group President Terrence Duffy says in an April 29 Bloomberg interview.
1f41
[ Read more… ]May 1, 2013
Since gold's bull run began a decade ago, many people have asked me whether the metal was in a bubble, despite the fact that there were many drivers in place for gold. [ Read more… ]May 1, 2013
"If we see and look at underlying demand globally, without a doubt, the allure of gold, both in jewelry form and as an investment, is very far from over," World Gold Council exec Jason Toussaint tells Bloomberg. [ Read more… ]May 1, 2013
Private investors around the world have taken advantage of this dip in the gold price to load up on physical gold. Perhaps it's a mini-bubble. Perhaps the small investors have got it all wrong. [ Read more… ]May 1, 2013
Zina Spezakis, a partner and chief marketing officer at MA Capital Management, wants gold investors to realize that while the precious metal is a long-term buy, 2013 will not produce desired results. [ Read more… ]May 1, 2013
The Federal Reserve said on Wednesday it will keep buying $85 billion in bonds each month to keep interest rates low and spur growth, but added it could lift or taper this pace of purchases depending on the economy's path. [ Read more… ]May 1, 2013
Australia's Perth Mint, which refines nearly all of the nation's bullion, said that demand has jumped to the highest level in five years after prices plunged, with the factory kept open through the weekend to meet orders. [ Read more… ]April 30, 2013
If you are still feeling the pinch of a tight economy, adding gold coins to your collection might seem the lowest of all your priorities. After all, even the tenth-ounce gold American Eagles are going to cost about $200 per coin. But believe it or not, there are still U.S. gold coins you can collect that will not bankrupt you and will add value to your collection. [ Read more… ]April 30, 2013
Physical gold stocks held at CME Group's Comex warehouses in New York have dropped to a near-five year low in a further sign that gold's price crash unleashed a frenzy of demand as investors scramble to buy bars and coins. [ Read more… ]April 30, 2013
200d
Michael Pento, president of Pento Portfolio Strategies and author of the new book, The Coming Bond Market Collapse: How to Survive the Demise of the U.S. Debt Market, has been invested in gold since 2001 and is certain that it's only going higher from here. [ Read more… ]April 30, 2013
Surging demand for gold from Dubai to Istanbul has pushed physical premiums in the region to levels not seen in years as the biggest price slump in three decades lures consumers, according to MKS SA. [ Read more… ]April 30, 2013
We've been conditioned to believe that there's an action and reaction in the stock market. If you turn on the evening news, you might hear that the Dow went up today because of tensions in the Middle East. But there is no direct link. Gold doesn't go up because of something that happens in Europe today. [ Read more… ]April 30, 2013
We were very bullish on the price of gold in 2013 and we have now become a little more modest. We do think that probably through the rest of this year it would trade towards USD 1,800 from where it is now. [ Read more… ]April 30, 2013
Although Beijing's CPI undoubtedly understates inflation, it nonetheless shows a general weakening of price pressure, something mirrored in the continually falling producer price index. Because China is still a manufacturing-based economy, the fall in the PPI means the country is actually suffering deflation. Producer prices fell 1.6% in both January and February and 1.9% in March. [ Read more… ]April 30, 2013
Wall Street now firmly believes that the Federal Reserve will keep its foot on the accelerator well into 2014, with 40 of 46 respondents to the April CNBC Fed Survey forecasting asset purchases by the central bank next year. [ Read more… ]April 30, 2013
Several firms have been predicting a mid-cycle correction for gold; it just happened faster and with more volatility than expected. [ Read more… ]April 30, 2013
"Once we got under that $1,523 level ... bam! You just saw the machines come in and take over and they crushed it down to $1,321," KKM Financial chief Jeff Kilburg says of the recent gold correction in an April 29 Yahoo! "Breakout" interview. [ Read more… ]April 30, 2013
Jewellery retailers in Hong Kong are scrambling to keep up with hectic sales, with a steep drop in gold prices sparking a shopping spree. [ Read more… ]April 30, 2013
Gold prices will top $10,000 per ounce, the stock market will tank and Treasuries will yield less than 1 percent, Societe Generale's Albert Edwards forecast in a trademark bearish report on Thursday.
1f49
[ Read more… ]
April 26, 2013
The sale of an ultra-rare 1913 Liberty Head nickel in Illinois this week proves yet again that the top numismatic specimens are commanding big money. Read the Chicago Tribune excerpt below for more information on the Walton Specimen. To learn more about the Olsen Specimen (once owned by King Farouk of Egypt and featured on a "Hawaii Five-O" episode) placed by Blanchard and Company for $3 million in 2004, click here: [ Read more… ]April 26, 2013
Agnico-Eagle Mines Ltd., a gold miner with operations in Mexico, Canada and Finland, said it's "realistic" to expect prices of the precious metal will rise to as much as $1,800 an ounce within the next 12 months. [ Read more… ]April 26, 2013
When it comes to alternative currencies, gold is usually the tender of choice. David Morgan, publisher of The Morgan Report and creator of Silver-Investor.com, disagrees. Morgan says that when it comes to precious metals as legal tender, silver is the best bet. [ Read more… ]April 26, 2013
Gold consumers in India, the world's biggest importer, thronged jewelry stores across the country for a second week on speculation that bullion may extend a rally after the biggest plunge in three decades. [ Read more… ]
April 26, 2013
Many parallels have been drawn between current moves in gold and the events of 1971 to 1980. But, the World Gold Council argues, this recurring comparison is, "a simplistic and flawed parallel." [ Read more… ]April 26, 2013
Russia and Turkey raised their gold reserves in March, the International Monetary Fund said on Wednesday, increasing their holdings ahead of a spectacular plunge in prices this month which sent gold to its lowest in more than two years. [ Read more… ]April 26, 2013
Swiss National Bank President Thomas Jordan won't exclude increasing the central bank's gold holdings at some point and said most of its reserves are held domestically. [ Read more… ]April 26, 2013
First off, my belief in gold as a monetary asset has not wavered. Japan basically admitted that it is bankrupt with its intention to aggressively debase its currency. [ Read more… ]April 26, 2013
Turkish gold imports rose to 18.5 tonnes in the first three weeks of April, already more than any month since last July, following a surge in domestic demand after gold prices hit a two-year low last week, a bourse official said on Thursday. [ Read more… ]April 26, 2013
Central banks bought the most gold since 1964 last year just before the collapse in prices into a bear market underscored investors' weakening faith in the world's traditional store of value. [ Read more… ]April 26, 2013
Britain's Royal Mint, established in the 13th century, sold more than three times the amount of gold coins this month than a year earlier after prices dropped the most in three decades. [ Read more… ]April 24, 2013
If you step back from the day-to-day noise, gold is still a long-term bull market. It has been rising in value for the last decade because of a deadly trio of long-term fundamental fractures in the global economy. Until they are fixed -- and that is still at least another decade away -- gold is still a core part of any portfolio. [ Read more… ]April 24, 2013
Investors should own gold as a bet on global liquidity, FX Concepts Chairman John Taylor said Tuesday. [ Read more… ]April 24, 2013
A pick-up in manufacturing activities and an overall improvement in the global economy should help silver's fabrication demand recover this year, respected precious metals research firm Thomson Reuters GFMS said in a report on Wednesday. [ Read more… ]April 24, 2013
"We've already reached the point of maximum pessimism. ... We've seen a huge move downwards, extremely high volume, and the 'bursting gold bubble' [headlines] ... all over Europe, and all over the world. That's a textbook panic. ... [Additionally], there were 15 journalists calling me on Monday ... many former colleagues, people who haven't called me in years and they were [all] really panicking. ... They have no clue what's going on, [and] they [all] think ... Cyprus was responsible for this take-down. ... [So] over the last week we've seen desperation, panic, and anger." [ Read more… ]April 24, 2013
Since bottoming out a week ago at $1,322, gold has rebounded almost $100, putting at least a temporary end to this month's unprecedented plunge. This price action is typical of any asset following sharp declines. Essentially, we are seeing a "dead-cat bounce," as shorts cover and bargain hunters buy. [ Read more… ]
1f89
April 24, 2013
Australia's central bank plans to invest about 5 percent of its foreign currency reserves in China as it deepens ties with the world's second-largest economy, Deputy Governor Philip Lowe said. [ Read more… ]April 24, 2013
The Bloomberg article excerpted below underscores the real story of gold's correction that began April 12: worldwide hunger to own the metal, along with the massive underlying demand for physical bullion that has helped the price retake the $1,400 level. Mints and gold retailers around the world are racing to meet public clamor for gold. Note that the gold American Eagle bullion coin comes in several sizes besides 1/10 ounce: 1 ounce, 1/2-ounce, 1/4 ounce. [ Read more… ]April 24, 2013
"If people think the gold price up and down is a reflection of something wrong with gold -- no, I say it's something wrong with the dollar," former Texas Congressman Ron Paul tells Bloomberg in an April 23 interview. [ Read more… ]April 23, 2013
Gold prices are expected to end 2013 at $1,450-1,550 per ounce, only partly recovering from a recent brutal selloff that shook investor confidence after 12 unbroken years of gains, a Reuters poll showed on Tuesday. [ Read more… ]
April 23, 2013
"Anyone who's followed gold for any period of time knows that when there's a break it's hard and severe, and a lot of time that really presents a good buying opportunity because you clear out all the weak hands," Citigroup Global futures specialist Sterling Smith tells Bloomberg in an April 22 interview. [ Read more… ]April 23, 2013
A woman in Kunming, Yunnan province, is trying to sue the United States central bank after discovering that the real value of the US$250 she put in an account in 2006 had shrunk by 30 percent. [ Read more… ]April 23, 2013
Tiny pieces of California Gold Rush history fetched big bucks at a Reno auction of Western Americana. [ Read more… ]April 23, 2013
Premiums for gold bars soared to multi-year highs in Asia on Tuesday after a spate of physical buying led to supply constraints, with dealers in top consumer India expecting a surge in imports this month. [ Read more… ]April 23, 2013
The recent crash has cleansed the gold market of speculative liquidity. The demand for gold is mainly from emerging economies that face chronically high inflation. The recent growth deceleration pushes these economies into stagflation. Their demand for gold is likely to be persistent. [ Read more… ]April 23, 2013
We feel that the longer-term thesis for gold in a multi-asset portfolio still persists. Gold's historical role as an offset to inflation risks does still hold, in our view. It is true that the recent rise in US real interest rates has been driven less by rising nominal rates and more by falling inflation in the US. Higher global liquidity provision has arguably not supported commodity prices recently as the channels between stimulus, economic activity and prices remain strained. [ Read more… ]April 23, 2013
Bill Fleckenstein of Fleckenstein Capital has a difficult time seeing other assets to own besides the precious metals. There are confidence bubbles in stocks, bonds and the fiat currencies that will break -- not may, but will -- and when they do, he sees no safe harbor for investment capital save gold: [ Read more… ]April 23, 2013
"Every piece of money created by the federal government is still usable currency at face value," said Jay Beeton, library and museum director at the American Numismatic Association's Money Museum in Colorado Springs. "You could take a 1913 Liberty Head nickel and buy a five-cent stick of gum -- if you weren't very smart." [ Read more… ]April 23, 2013
Index Universe's Paul Baiocchi chews over the disconnect between financial assets like ETFs linked to gold -- which plunged last week -- and the action in the physical gold market, where bargain hunters were scooping up the metal at a feverish pace. Beware of the ETF? [ Read more… ]April 23, 2013
Wall Street's biggest bond dealers see little chance the Federal Reserve will slow the pace of debt purchases designed to boost economic growth before the fourth quarter, even as policy makers face calls to curb the buying. [ Read more… ]April 23, 2013
"Unless you own physical gold, you do not own gold, pure and simple," day trader Neal Greenberg tells Fox Business in an April 19 interview. [ Read more… ]April 22, 2013
Parallel with a rising stock market, a new national poll shows that investors with at least $100,000 in investable assets are optimistic about the prospects for their portfolios, growth of the U.S. and global economies, and their ability to reach their financial goals. [ Read more… ]April 22, 2013
As we noted last week, all around the world the demand for physical precious metals has soared in the days following paper gold's price collapse. As the FT reports, from Shanghai and Hong Kong to India, one dealer noted, "Older members who have been in the business for 50 years haven't seen such a thing." [ Read more… ]April 22, 2013
An ultra-rare Canadian penny has been sold at a U.S. coin auction for more than 25 million times its face value -- about $253,000 Cdn. [ Read more… ]April 22, 2013
"Monday morning when we opened the gates of the Perth Mint there was a large crowd of people waiting outside, and as the gates were opened people ran across the courtyard to get into the retail operation," Nigel Moffatt of the Perth Mint tells Bloomberg in an April 19 interview in the aftermath of gold's price plunge. [ Read more… ]April 22, 2013
John Paulson, the hedge-fund manager who's lost money this year after a 16 percent decline in gold, told clients that purchases by central banks and demand in Asia will support the metal in the near term. [ Read more… ]April 22, 2013
Gold bull and "Currency Wars" author James Rickards of Tangent Capital recently told Business Insider: [ Read more… ]
April 22, 2013
The Numismatic Consumer Alliance, Inc. (NCA) helped recover nearly $1.3 million during 2012 for buyers who fell prey to unscrupulous coin sales, according to John Albanese, founder and president of the not-for-profit watchdog organization. [ Read more… ]April 22, 2013
The recent tank in the gold price has created the buying opportunity of a lifetime, according to Lombard Odier's Joe Foster. [ Read more… ]April 22, 2013
Three regional Federal Reserve bank presidents said a further decline in U.S. inflation below the Fed's 2 percent goal may signal a need for more accommodation. [ Read more… ]April 22, 2013
How is it possible gold goes down $200 in the paper market while there is almost no supply available to buy around the world? [ Read more… ]April 22, 2013
Russia's main exchange operator aims to harness the country's resource riches as the company bids for a position among the global exchange elite, according to its chief executive. [ Read more… ]April 22, 2013
A few weeks ago, we wrote of the Swiss People's Party's efforts to gain enough signatures to force the Swiss National Bank (SNB), who "supposedly" guarantees the price stability in Switzerland, to stop selling its gold reserves. [ Read more… ]April 22, 2013
The demand for Krugerrands has skyrocketed during the past week as investors tried to benefit from the weaker gold price.
1f68
[ Read more… ]April 22, 2013
"We don't see that there's a big change in the fundamentals over gold," Labha Investment Advisors CIO Gillian Hollenstein tells Bloomberg in an April 19 interview. [ Read more… ]April 22, 2013
I asked Paul: What was behind the gold tumble? Was he worried? [ Read more… ]April 22, 2013
Is the United States about to experience another major economic downturn? Unfortunately, the pattern that is emerging right now is exactly the kind of pattern that you would expect to see just before a major stock market crash and a deep recession. [ Read more… ]April 19, 2013
Shoppers in China lined up for gold this week, while in Hong Kong they rushed to buy bracelets and in India sought jewelry for weddings not set until December. The metal's biggest price drop in three decades provoked the clamor. [ Read more… ]April 19, 2013
The world's biggest asset manager BlackRock Inc. says there's no need for gold investors to rush for the exits, and it's in fact taken advantage of the recent plunge in princes to pick up some of the metal. [ Read more… ]April 19, 2013
Stephen Hammers, co-manager of the recently launched $23 million Compass EMP Commodity Long/Short Strategies fund, doesn't expect gold's downward trajectory to last very long. [ Read more… ]April 19, 2013
Gold buyers in India, the world's biggest consumer, are flocking to stores to buy jewelry and coins, betting a selloff that plunged bullion to a two-year low may be overdone. [ Read more… ]
1f6b
April 18, 2013
War nickel sets are fascinating pieces of history. They are the product of World War II when for a time it seemed that America's back was against the wall as we faced Nazis in Europe and a militarist Japan in Asia. [ Read more… ]April 18, 2013
Dubai has run out of gold. Well not exactly, but salespersons at jewellery outlets say there is no supply of gold coins and biscuits. [ Read more… ]April 18, 2013
The biggest drop in gold prices since 1983 has divided central banks on whether the metal is cheap enough to increase investment. [ Read more… ]April 18, 2013
Federal Reserve Board Vice Chairman Janet Yellen said she favors holding the benchmark interest rate "lower for longer" while cautioning that some bond-market investors may be paying too much for higher yields. [ Read more… ]April 18, 2013
The fun and games this week has been in the gold market. As discussed here last month the risk of a break of the key technical level of US$1,520/oz has now eventuated. Rather than viewing this as confirmation of the end of the gold bull market, investors should see this as a massive buying opportunity while also being aware, based on the technicals, that gold could trade down to the US$1,200/oz level. Still GREED & fear would resume buying now and buy more if gold falls further. [ Read more… ]April 18, 2013
The collapse in bullion prices is set to rekindle gold mining takeovers as Chinese companies, sovereign wealth funds and private equity and hedge funds step in to rescue cash-strapped small and mid-sized miners. [ Read more… ]April 18, 2013
I don't think we're entering into a bear market. I think we're still in the long-term bull market that began in 2000. But it's not going to be an always upward ride; I'll comment on that in a minute. Longer term, I think we'll be hitting higher. Right now the markets seem to be relaxing really across the board. [ Read more… ]April 18, 2013
U.S. gold coins have been flying off dealers' shelves this week as retail investors snapped up bargains since the metal's historic plunge in price. [ Read more… ]April 17, 2013
The U.S. Mint's tally of April gold-coin sales surged 46% Tuesday as dealers took advantage of lower prices after the precious metal's selloff. [ Read more… ]April 17, 2013
"Mad Money" host Jim Cramer turned to analysis provided by Carley Garner, the co-founder of DeCarley Trading, the author of "A Trader's First Book on Commodities" and a Cramer colleague at TheStreet.com. [ Read more… ]April 17, 2013
World gold prices will pick up over time as a global economic recovery gains traction, a senior official of China's $482 billion sovereign wealth fund said on Wednesday. [ Read more… ]April 17, 2013
Sales of gold bullion and gold chains are boiling over as Sydney buyers rush to buy at bargain prices of around $1332 an ounce, about $200 cheaper than four days ago and $400 cheaper than when the price peaked two years ago. [ Read more… ]April 17, 2013
When he woke up to news of a collapse in gold prices, Yujiro Yamashita, 63, made his way to Tokyo's posh Ginza district to buy the precious metal for the first time in 20 years. [ Read more… ]April 17, 2013
"I'm very happy with what happened in the last few days," Zwermann Financial strategist Chris Zwermann says of the gold correction in an April 16 CNBC interview. [ Read more… ]April 17, 2013
Gold sales from Australia's Perth Mint, which refines nearly all of the nation's bullion, have surged after prices plunged, adding to signs that the metal's slump to a two-year low is spurring increased demand. [ Read more… ]
April 17, 2013
Federal Reserve Bank of Minneapolis President Narayana Kocherlakota said it's too soon to say a plunge in gold prices stemmed from greater investor confidence in the U.S. economy. [ Read more… ]April 17, 2013
" Gold has become much more affordable in recent days as the price has collapsed. Such a collapse is unpleasant, but not cause for concern," advises Dylan Grice, former SocGen analyst and now with EdelWeiss Holdings. [ Read more… ]April 17, 2013
"If you do take a step back and you look at what we've done from 1999, when this bull market began in gold ... it is still very much an ongoing bull trend," Bank of America Merrill Lynch strategist MacNeil Curry says in an April 16 CNBC interview. [ Read more… ]April 16, 2013
Buyers rushed to jewelry stores and gold dealers across Asia Tuesday to take advantage of the lowest prices in two years. [ Read more… ]April 16, 2013
"The investment and institutional people were sellers primarily," David Lisot of CoinWeek tells Fox Business in an April 16 interview that discusses gold's recent correction. [ Read more… ]April 16, 2013
"The nature of the selling is not a disorderly queue for the exit by investors," Sharps Pixley CEO Ross Norman tells CNBC in an April 16 CNBC interview that includes Martin Hennecke of Tyche. [ Read more… ]April 16, 2013
John Paulson is sticking with his thesis that gold is the best hedge against inflation and currency debasement as countries pump money into their economies, according to the New York-based firm, which manages about $18 billion. The metal entered a bear market last week after falling more than 20 percent since August 2011, bringing more bad news for 57-year-old Paulson, who has struggled with poor returns for the past two years. [ Read more… ]April 16, 2013
1. FOMC minutes -- the minutes from the Fed's March meeting showed some members favored an early end to the central bank's asset-purchase program, and the minutes were "ostensibly gold-bearish." [ Read more… ]April 16, 2013
A massive price decline in gold is not news in and of itself, the precious metal markets are notoriously fickle. What is news, however is the large disconnect between precious metal paper prices, and the continuing boom in the buying of physical gold and silver in the form of bullion and coins. [ Read more… ]April 16, 2013
Federal Reserve Bank of New York President William C. Dudley said a slowdown in the pace of employment growth in March highlights the need to maintain the pace of bond purchases. [ Read more… ]April 16, 2013
The biggest slump in gold prices in three decades is poised to revive jewelry demand among Indian housewives and brides before the wedding and festival seasons, according to Gitanjali Gems Ltd. and Rajesh Exports Ltd. [ Read more… ]April 16, 2013
The reason for why I own gold and why I recommended it as an essential self-defense asset is not the chart pattern of the gold price, the opinion of Goldman Sachs, or the Indian wedding season but the diagnosis that the global fiat money economy has checkmated itself. [ Read more… ]April 16, 2013
The drop in gold prices could mean an opportunity for bulls, commodities trader Mark Fisher of MBF Clearing said Monday. [ Read more… ]April 15, 2013
1f7d
"There should be some support down around the $1,200 area," Citigroup chief technical analyst Tom Fitzpatrick tells Bloomberg in an April 15 interview that discusses gold's current price drop. [ Read more… ]April 15, 2013
"I love the fact that gold is finally breaking down," Gloom, Boom and Doom Report publisher Marc Faber tells Bloomberg in an April 12 interview. [ Read more… ]April 15, 2013
With sentiment, valuations, and technical levels all at extreme bearish levels, a significant bottom in the sector is likely upon us. [ Read more… ]April 15, 2013
How, with the US, Europe and Japan running massive fiscal deficits and buying up every piece of debt in sight, could the global financial system be contracting instead of ratcheting towards an inflationary crack-up boom? [ Read more… ]April 15, 2013
The price of gold is currently trading more than 4.5 standard deviations below its 50-day moving average, which clocks in at the most oversold reading since at least 1975. [ Read more… ]April 15, 2013
The bottoming process in gold and gold mining shares continues to be an extended and frustrating affair. Nevertheless, the fundamental rationale for positioning physical bullion and gold mining shares seems more compelling than ever. [ Read more… ]April 12, 2013
Why did gold plunge today? "There were obvious stop losses going off at $1,550 and we're looking at the $1,525 range," Sica Wealth chief Jeff Sica tells Bloomberg in an April 12 interview that includes Optionship strategist Alan Knuckman. [ Read more… ]April 12, 2013
Morton & Eden Ltd. held a London auction March 6 that offered a rare 1859 U.S. proof set that had been sent to the British Royal Mint Museum around the time of issue. [ Read more… ]April 12, 2013
Commerzbank's commodity strategists are tying matters back to exchange-traded fund outflows, noting that holdings in the SPDR Gold Trust (GLD), the biggest gold bullion ETF, have slumped by more than 12% since the beginning of the year -- to the lowest level since May 2010. "Investors have withdrawn a good 24 tons of gold from ETFs in the past two days of trading," they write. [ Read more… ]April 12, 2013
SitkaPacific Capital Management's Mike Shedlock, who is also the author of the Global Economic Analysis blog, says the Cyprus fiasco is an example of what can happen in a banking system that really can't guarantee everything it's promised. He argues these are issues that exist in the U.S. banking system too. [ Read more… ]April 12, 2013
A top Federal Reserve official on Friday defended the central bank's dual mandate of full employment and price stability, and pointed to economic trends that suggest an even more accommodative policy stance might have been needed since the Great Recession. [ Read more… ]April 12, 2013
The big banks are breathlessly proclaiming that now is the time to sell your gold. They are warning that we have now entered a "bear market" for gold and that the price of gold will continue to decline for the rest of the year. So should we believe them? [ Read more… ]April 12, 2013
Renowned numismatist and Certified Acceptance Corp. founder John Albanese was recently interviewed by Greg Reynolds of CoinWeek for an article titled "Many exciting, classic U.S. coins are not expensive." Albanese shared his expertise on a range of coin topics: [ Read more… ]April 12, 2013
Legendary investor Sam Zell recently appeared on CNBC with Maria Bartiromo and Gluskin Sheff economist David Rosenberg, and Zero Hedge has summarized Zell's main points: that the stock market looks to be headed for a fall and that inflation is inevitable from the Federal Reserve's unprecedented liquidity: [ Read more… ]April 12, 2013
We are now at the point in the bull market where traders think that stocks are bullet proof. Back in December I warned this was coming. I said at the time that this round of QE was going to be different. That it would have a much bigger effect on the market than the analysts were expecting. I remember at the time analysts were claiming each round of QE was having less and less effect. [ Read more… ]April 12, 2013
"The fact that Goldman is telling the Muppets to sell their gold -- I think the smart money is going to take the other side of that trade," Euro Pacific chief Peter Schiff tells CNBC in an April 10 interview that includes Richard Ross of Auerbach Grayson. [ Read more… ]April 12, 2013
On Tuesday at 2 p.m. the Federal Reserve inadvertently sent the meeting minutes from its March gathering to more than 100 people, including banking executives, congressional employees and Wall Street bank liaisons. Officials say they didn't realize the mistake until 6:30 the following morning. In response, the minutes were released at 9 a.m. -- five hours ahead of schedule but 19 hours after the material was leaked. [ Read more… ]April 11, 2013
"The market could absorb" any potential sale of Cyprus' gold, HSBC Securities analyst James Steel tells Bloomberg in an April 11 interview. [ Read more… ]April 11, 2013
Though gold fell today partly on newly release Federal Reserve minutes from March that suggest the bank is considering curtailing its gold-bullish quantitative easing program, "in many ways, those minutes are rather dated," argues Merk Funds chief Axel Merk. [ Read more… ]April 10, 2013
"What we're seeing is there's kind of a divide right now between essentially the shorter-term-orientated paper traders and people who are investing in gold based on fundamentals of every major central bank in the world printing money," Kingsview Capital's Phil Silverman tells CNBC in an April 10 interview. [ Read more… ]April 10, 2013
Cyprus has agreed to sell excess gold reserves to raise around 400 million euros and help finance its part of its bailout, an assessment of Cypriot financing needs prepared by the European Commission showed. [ Read more… ]April 10, 2013
My gold guru, Frank Giustra of Vancouver, Canada, pushed me hard on gold from the summer of 2008 when it was selling at $900 an ounce -- all the way up to $1900 an ounce in the summer of 2011 -- a hell of a run of accumulated gain of more than a double -- while stocks floundered pretty badly. [ Read more… ]April 10, 2013
According to fund manager John Hussman, corporate profits are near 11% of GDP and 70% above the historical norm. (Hussman agrees with Warren Buffett that one has to be wildly optimistic to believe corporate profits -- as a percent of GDP -- can hold above 6% for a sustained period.) [ Read more… ]April 10, 2013
The latest development worthy of "decade extreme" or "record extreme" within the precious metals sector comes to us thanks to Mark Hulbert Financial Digest. According to Mark's latest WSJ column, there has been a huge plunge in exposure of various gold newsletter advisors. [ Read more… ]
1f9c
April 10, 2013
Even though the S&P 500 and Dow Jones Industrial Average are hovering at all-time highs, Chris Martenson, author of PeakProsperity.com and the "Crash Course" Series, is forecasting a major market correction. [ Read more… ]April 10, 2013
Gold imports by China from Hong Kong jumped 89 percent in February, rebounding from a decline the month before, as lower prices lured buyers seeking the metal for a protection of wealth. [ Read more… ]
April 10, 2013
"We have always had a position in gold. When you think about the largest central banks in the world, they have all moved to unlimited printing ideology. Monetary policy happens to be the only game in town. I am perplexed as to why gold is as low as it is. I don't have a great answer for you other then you should maintain a position." [ Read more… ]April 10, 2013
" Gold coins are the place to be," Jim Cramer tells TheStreet in an April 9 interview. [ Read more… ]April 10, 2013
In a final poll at the Second edition of the Dubai Precious Metals Conference ( see video here) 63 per cent of delegates thought gold was heading towards $3,000 by 2014 and 37 per cent voted for a tumble towards $1,000. The vote followed a lively discussion between the conference's leading bulls and bears. [ Read more… ]April 10, 2013
It is not possible for most hobbyists to seriously consider a collection of Coronet Head half eagles. There are simply too many of these $5 coins and they contain too much gold at nearly a quarter ounce apiece. That is partially a result of the fact that the design that was first introduced in 1839 ran all the way to 1908. [ Read more… ]April 10, 2013
The 1934 Peace dollar is a mystery coin. The conventional wisdom surrounding it appears to simply have been wrong. That makes it a very interesting date to study even though information is not readily available. [ Read more… ]April 10, 2013
Numismatic Guaranty Corp. has announced that its free online NGC US Coin Price Guide now features values for plus (+) grades. [ Read more… ]April 10, 2013
A bill that would make gold and silver legal tender in Arizona has passed both the Arizona Senate and the Arizona House of Representatives. [ Read more… ]April 10, 2013
Speculative traders are down on gold. Really down. The last time they were this negative, gold was a very profitable buy. [ Read more… ]April 9, 2013
Distrust of the Federal Reserve and concern that U.S. dollars may become worthless are fueling a push in more than a dozen states to recognize gold and silver coins as legal tender. [ Read more… ]April 8, 2013
As the banking crisis struck in 2007-08, investor Will Mitchell sprang into action: After boning up on precious metals, he started buying fairly sizable amounts of silver bullion bars. Eventually, he switched to silver and gold bullion coins, which he considers easier to trade than bars. [ Read more… ]April 8, 2013
"In the last cycle, from 1970 to 1980, gold went from $40 to $800, so -- twenty-fold increase," McEwen Mining Chairman Rob McEwen tells Fox Business in an April 4 interview. [ Read more… ]April 8, 2013
Central bankers are putting cash into riskier assets and exotic currencies to compensate for ultra-low returns on US Treasuries, according to a poll of officials responsible for almost $7tn in reserves. [ Read more… ]April 8, 2013
"We're still bullish on gold, though we still see prospects of a decent rally," Standard Chartered Bank's Dan Smith tells Bloomberg in an April 8 interview. [ Read more… ]April 8, 2013
The only gold "crash scenario" that makes sense to us at Sprott is if governments begin to balance their budgets and return to sound money practices. [ Read more… ]April 8, 2013
Like almost all big series, Morgan dollars have a few insanely expensive rarities. There are quite a few overdates, and there is the proof-only issue of 1895. [ Read more… ]April 8, 2013
As a collectible series, there is one huge problem with Trade dollars. The series ends with two great numismatic rarities: the 1884 and 1885 proof Trade dollars. It is generally believed that there are just ten of the former and five of the latter, making their acquisition nearly impossible, even if the collector has no limit on his or her numismatic budget. [ Read more… ]April 8, 2013
This time, Federal Reserve policy makers are prepared for the summertime slump. [ Read more… ]April 8, 2013
Gold rallied over 1.5 percent on Friday, its biggest one-day gain since November, as disappointing U.S. job data fueled expectations the Federal Reserve will continue its bullion-friendly bond purchases. [ Read more… ]
April 5, 2013
Gold will rise toward $1,850 an ounce by the end of this year as U.S. stimulus and debt concerns spur demand for a protection of wealth, before prices begin to drop as economic growth improves, Thomson Reuters GFMS said. [ Read more… ]
April 5, 2013
Professional Coin Grading Service, a division of Collectors Universe, Inc., is opening its first grading and authentication center in mainland China. The new company, Collectors Universe (Shanghai), Ltd., is a wholly owned subsidiary of Collectors Universe (Hong Kong), Ltd. [ Read more… ]April 5, 2013
The Federal Reserve may continue buying bonds at the same $85 billion per month rate though 2013 as a result of the weak March nonfarm payroll report, economists said Friday. [ Read more… ]April 5, 2013
Silver's "physical market still remains relatively well bid and that gives us an indication that we will see follow-through," Barratt's Bulletin CEO Jonathan Barratt tells Bloomberg in an April 3 interview. [ Read more… ]
April 5, 2013
The world's monetary floodgates are swinging wide open. [ Read more… ]April 5, 2013
While the head of the ECB and his assorted kitchen sinks scramble to explain how Diesel-BOOM was horribly misunderstood when saying that depositor impairment may and will be the template for future European bank "resolution" (as should have been the case from Day 1), the CEO of Italy's largest bank appears to have missed the memo. [ Read more… ]April 5, 2013
A 'handful of change' discovered in a tool box was found to be a collection of rare coins -- which fetched 30,000 British pounds (or more than $45,000) at auction. [ Read more… ]April 5, 2013
Gold has been going through consolidation pattern since October of last year when it traded around $1,800 an ounce. The phase is similar to the kind of move the metal made in 2006-2007. [ Read more… ]
April 5, 2013
Gold imports by India, the world's largest bullion buyer, may increase 31 percent this quarter after prices dropped to a 10-month low and festivals and weddings spur sales of jewelry, a trade group said. [ Read more… ]
April 5, 2013
Quantitative easing will never be reversed. It is not liquidity management as claimed so vehemently at the outset. It really is the same as printing money. [ Read more… ]April 5, 2013
As a farm boy growing up in northern Michigan, Mike Milosh dreamed of the sea and the adventures of Captain Nemo and Mike Nelson of the TV show Sea Hunt. He even worked on plans for a one-man submarine. So when a real-life adventure presented itself, he didn't have to think twice. [ Read more… ]April 4, 2013
A member of the Qatari royal family was sued by SJ Berwin LLP for 250,600 pounds ($381,000) in unpaid fees for advice given in relation to orders by judges in the U.S. and U.K. freezing his assets. [ Read more… ]April 4, 2013
Barber dimes supported many causes in 1916, the design's final year. Everyone loved them, from Socialists to Suffragettes. Barber dimes even launched a battleship fund that still exists today. [ Read more… ]
April 4, 2013
Gold's "been consolidating over the past two years, 18 months, and I think any chart will show you a really nice kind of sideways consolidation," Financial Alliance director Sani Hamid tells CNBC in an April 2 interview. [ Read more… ]
April 3, 2013
"In many different ways gold is certainly not in a bubble," ETF Securities exec Will Rhind tells Joe Deaux of The Street in an April 3 interview. [ Read more… ]April 3, 2013
The ADP jobs report for March is the fifth economic indicator in the past week to disappoint investors with a lower-than-expected reading. Is it a sign the U.S. economy is going to slow down in the spring and early summer for the third year in a row? Maybe, but it's too soon to tell. [ Read more… ]April 3, 2013
Gold is "under pressure here, but I'm not a mega-bear in gold," CMC Markets analyst Ric Spooner tells CNBC in an April 2 interview. [ Read more… ]
April 3, 2013
Because the trendline is so clear, it seems all but certain to be tested. It comes in at around 1570 this week, and you should expect it to be breached. [ Read more… ]April 3, 2013
Turkey's gold imports climbed to an eight-month high in March as prices averaged the lowest since May, according to the Istanbul Gold Exchange. Silver imports rose 31 percent from a month earlier. [ Read more… ]April 3, 2013
Based on the U.S. Mint sales numbers, physical gold and silver are being bought at an unprecedented level which, if the pace keeps up, will break both the gold and silver annual totals. Additionally, silver demand should use up all of mine supply, if it keeps up at this current rate, and should force the U.S. Mint to eat up additional silver supply to make up the difference. [ Read more… ]April 2, 2013
Stanley Gibbons said today the fundamentals for rare stamps and collectibles have never been stronger and it expects values to grow for the "foreseeable future." [ Read more… ]April 2, 2013
Steve Cordasco interviewed Tangent Capital Partners executive Jim Rickards for the latter's opinion on the lessons to be learned from the Cyprus bank-deposit seizures: [ Read more… ]April 2, 2013
Finance Minister P. Chidambaram suggested on Tuesday that the government is unlikely to raise the import tax on gold further to avoid gold smuggling and would instead introduce inflation-indexed instruments to help curb a record current account deficit. [ Read more… ]April 2, 2013
The Federal Reserve should "wait and watch" for several more months before deciding to curtail its bond-buying program, said Dennis Lockhart, president of the Atlanta Federal Reserve Bank, on Tuesday. [ Read more… ]April 2, 2013
Several American Indians claimed to be the model for James Earle Fraser's Buffalo nickel, and indeed the sculptor himself told varying stories about whose profile adorns the obverse of this now-classic coin. But which buffalo was the model for the coin's reverse? Apparently two contenders existed: "Black Diamond" and "Bronx." Brandon Ortega explores the issue at the American Numismatic Association's blog in a post titled "Why does Black Diamond shine?": [ Read more… ]April 2, 2013
Growing wealth inequality means that the wealthy have nowhere to hide and that events like those in Cyprus will happen in more countries around the world, including developed nations, said Marc Faber, the contrarian investor and publisher of the Gloom, Boom & Doom Report. [ Read more… ]April 2, 2013
June gold futures have been in a tight consolidation pattern and appear poised for an explosive move, but in which direction? [ Read more… ]April 1, 2013
Australian Prime Minister Julia Gillard is expected to sign a currency deal with China to allow the Australian dollar to be converted directly to Chinese RMB, The Australian newspaper said in a front page report on Saturday. [ Read more… ]April 1, 2013
The U.S. economy is in a bubble inflated by "phony money" from the Federal Reserve and will burst within a few years, warned David Stockman, who was budget director for President Ronald Reagan. [ Read more… ]April 1, 2013
The Federal Reserve's unconventional efforts to ease monetary policy by buying large amounts of long-term securities weakens the dollar in the same way that conventional interest-rate cuts do, a study released Monday showed. [ Read more… ]April 1, 2013
Based on these realities, we can draw some well-grounded conclusions about the coming rise in inflation. [ Read more… ]April 1, 2013
Households face losing up to $109 million from their family savings as the Federal government moves to seize cash from inactive bank accounts. [ Read more… ]April 1, 2013
"We think gold prices could be flat to lower for the next two or three years and then later in the decade they could start rising and maybe make new record highs," CPM Group exec Jeff Christian says in a March 28 Bloomberg interview.
201a
[ Read more… ]April 1, 2013
The politicians of the western world are coming after your bank accounts. In fact, Cyprus-style "bail-ins" are actually proposed in the new Canadian government budget. When I first heard about this I was quite skeptical, so I went and looked it up for myself. And guess what? It is right there in black and white on pages 144 and 145 of "Economic Action Plan 2013" which the Harper government has already submitted to the House of Commons. [ Read more… ]April 1, 2013
Italian business leaders (91%) and citizens (85%) overwhelmingly agree that the nation's gold reserves have an important and positive role to play in the country's economic recovery, according to the first independent, nationwide poll of its kind since the recent Italian election in February. [ Read more… ]April 1, 2013
Turkey exported almost $120 million worth of gold to Iran in February, data showed, suggesting the two countries' trade of gold for natural gas has resumed despite tighter U.S. sanctions, though at levels below last year's peaks. [ Read more… ]April 1, 2013
The share of U.S. dollars in South Korea's $327 billion worth of foreign-exchange reserves fell last year to the lowest level since the country started disclosing the contents of the portfolio in 2007. [ Read more… ]April 1, 2013
An American billionaire investor purchased most of the gold and silver coins offered by North Korea at a coin fair in Singapore this weekend, state-owned Korea Pugang Coins Corp. said. [ Read more… ]April 1, 2013
The miscalculation by the troika in Cyprus has finally put the last nail in the medium-term short gold investment thesis. [ Read more… ]March 27, 2013
Gold has "beaten every other asset for a dozen years. I like gold here very much," "Mad Money" host Jim Cramer says in a March 27 CNBC appearance. [ Read more… ]
March 27, 2013
Bloomberg claimed that Russia has been a bigger buyer of gold over the past decade than China -- by a full 25%. Based on data about gold imports through Hong Kong and the fact that, for the most part, Chinese production doesn't leave the country, it seemed to me that this could not be right. [ Read more… ]March 27, 2013
Russia and South Africa, countries that hold about 80 percent of platinum group metal reserves, plan to set up an OPEC-type trading bloc to coordinate exports. [ Read more… ]March 27, 2013
The global pool of government bonds with triple A status from the three main rating agencies, the bedrock of the financial system, has shrunk more than 60 per cent since the financial crisis triggered a wave of downgrades across the advanced economies. [ Read more… ]March 27, 2013
Cyprus is expected to stop people taking their money out of the country but will not restrict dealings at home as it tries to avert a run on its banks after agreeing a tough rescue package with international lenders. [ Read more… ]March 27, 2013
"Housing data and consumer confidence both missed expectations and this during a period of time when the Fed is printing money," said David Beahm, executive vice president at precious-metals investment firm Blanchard & Co. [ Read more… ]March 26, 2013
Despite a better view on stocks, Americans remain bedazzled by gold. [ Read more… ]March 26, 2013
The Russian Federation raised its gold reserve for a fourth straight month in February and Turkey added to its holdings for a third month, data from the International Monetary Fund showed on Tuesday. [ Read more… ]March 26, 2013
BRICS members China and Brazil agreed on Tuesday to trade in their own currencies the equivalent of up to $30 billion per year, moving to take almost half of their trade exchanges out of the U.S. dollar zone. [ Read more… ]March 26, 2013
Over the past decade investors have poured billions into exchange-traded funds that track the price of gold. Now with gold prices falling, many are yanking some of that money back out -- a move investing pros say misses the whole point of owning the shiny metal in the first place. [ Read more… ]March 26, 2013
1f4b
The biggest emerging markets are uniting to tackle under-development and currency volatility with plans to set up institutions that encroach on the roles of the World Bank and International Monetary Fund. [ Read more… ]March 26, 2013
South Africa will invest about $1.5 billion of its gold and foreign-currency reserves in China's interbank bond market, the central bank said. [ Read more… ]March 26, 2013
"Emotionally the Cyprus news is very alarming," U.S. Global Investors chief Frank Holmes tells CNBC in a March 25 interview. "We're big believers that government policies are precursors to change, and we try to monitor these fiscal and monetary (policies), and you're basically seeing, allowing, governments to come in and confiscate people's assets and that's really alarming, not only raising taxes but also confiscation of assets. [ Read more… ]March 26, 2013
"A lot of people want to own physical gold; they're concerned about paper gold," Jim Rickards of Tangent Capital tells CNBC in a March 25 interview that discusses Texas' move to recall its bullion stored in New York. "This is a slow-motion remonetization of gold." [ Read more… ]March 26, 2013
A top Federal Reserve official said the central bank has to press ahead with its bond-buying efforts because Congress is going about fiscal policy the wrong way. [ Read more… ]March 26, 2013
The island nation's rescue sets precedents for the eurozone that may stick in the memory of depositors and bondholders alike as investors debate who will next fall victim to the debt crisis. Under the terms of the agreement ... in Brussels, senior Cypriot bank bond holders will take losses and uninsured depositors will be largely wiped out. [ Read more… ]March 26, 2013
Based on a letter to clients over the weekend, it appears Dutch megabank ABN Amro is changing its precious metals custodian rules and "will no longer allow physical delivery." [ Read more… ]March 26, 2013
Luxury retailer Tiffany & Co. posted fourth-quarter earnings before the bell on Friday, showing a solid performance in the Asia-Pacific region but delivering flat global same-store sales. Gross margin took a hit on high metal and diamond costs, but the company delivered solid guidance. [ Read more… ]March 26, 2013
Dubai's gold trade is estimated to have exceeded $70 billion in 2012, hitting record highs as more of the precious metal is exchanged and stored in the emirate. [ Read more… ]March 26, 2013
1f78
Your money is never safe: Whatever they tell you, whatever has gone before and whatever you do, your money is never safe. [ Read more… ]March 26, 2013
The declining rate of new gold discoveries and grades across the global market during the last decade has accelerated over the last 4 years. [ Read more… ]March 26, 2013
The Turkish private pension industry's assets under management have increased 7 percent to 21.7 billion liras ($12 billion) since the end of 2012, and they're expected to grow about 30 percent this year, according to Mehmet Bostan, chairman of the Istanbul-based Pension Monitoring Center. [ Read more… ]March 26, 2013
The big question is where gold is heading over the next five to ten years. It will likely come down to two factors. [ Read more… ]March 26, 2013
The Federal Reserve's massive quantitative-easing program "is the greatest and most perilous experiment in the history of paper money," Grant's Interest Rate Observer publisher Jim Grant tells CNBC's Maria Bartiromo in a March 21 interview. [ Read more… ]March 22, 2013
Call it the Rick Perry gold rush: The governor wants to bring the state's gold reserves back from a New York vault to Texas. [ Read more… ]March 22, 2013
After the Federal Reserve reaffirmed its easy money policy Wednesday, Chairman Ben Bernanke was asked whether the U.S. would ever think of taxing bank depositors as Cyprus has done. He said that was very unlikely, but Jim Rickards, senior managing director of Tangent Capital Partners, says the Fed already has its hands in depositors' pockets. [ Read more… ]March 22, 2013
With regards to Cyprus, moving forward what you need to understand is it is another example of just how fragile the international financial situation is. [ Read more… ]March 22, 2013
Taking the bank accounts of people who had no role in their bank's bad decisions or the economic policies that led to the bailout is the first theft that's visible and understandable for the average person. As such it risks changing mass psychology in a way that no other financial crime of the past thirty years has done. [ Read more… ]March 22, 2013
"We just believe that with the aggressiveness of the Federal Reserve and now with the Japanese central bank and now with the Cyprus situation exacerbating the European banking situation, we think that aggressive monetary policy is going to lead to inflation, and we're much more bullish on gold and commodities" than stocks, AIS Group CIO John Hummel tells Fox Business in a March 21 interview. [ Read more… ]
2257
March 22, 2013
"Cyprus has moved gold up from about $1,550; we're at about $1,612 today," Seeryfutures.com President Michael Seery tells Bloomberg in a March 21 interview. [ Read more… ]March 22, 2013
Are more people going to think of gold as money in the wake of the Cyprus crisis? "Absolutely," former Congressman Ron Paul, R-Texas, tells Fox Business in a March 20 interview that also touches on the Federal Reserve. [ Read more… ]March 22, 2013
"Investors should really take a longer-term view" on gold, World Gold Trust Services CEO Jason Toussaint tells Bloomberg in a March 20 interview. [ Read more… ]March 22, 2013
Gold use in India, the world's biggest buyer, may climb for the first time in three years as rising incomes and inflation boost investment demand, undermining efforts to narrow a record current-account deficit. [ Read more… ]
March 22, 2013
Platinum may rise 4 percent to challenge this year's high reached in February after forming a "double bottom," according to Hiroyuki Kikukawa of Nihon Unicom Inc. [ Read more… ]
March 21, 2013
A right-wing group has submitted more than 106,000 signatures to the federal authorities, seeking a vote on stopping the sale of gold reserves held by the Swiss National Bank (SNB). It also wants gold bars stored in the US to be returned. [ Read more… ]March 21, 2013
"The way I look at gold is the dichotomy is really between the physical gold trade and the paper gold trade," Weeden & Co. strategist Michael Purves tells Bloomberg in a March 20 interview. [ Read more… ]March 20, 2013
After a major review of its bond-buying program, the Federal Reserve decided to stick with its $85 billion a month of asset purchases as it saw just a small improvement on the economy. [ Read more… ]March 20, 2013
"In the short term I see Cyprus as merely a symptom of what's going in Europe," Gold Road Resources Chairman Ian Murray tells CNBC in a March 19 interview. [ Read more… ]March 20, 2013
News that Cyprus was planning to steal money from citizens' bank accounts to finance a bailout from the "troika" of the European Commission, the European Central Bank, and the International Monetary Fund resulted in furious protests, bank runs, and bank holidays in the Mediterranean island nation. The situation remains unresolved. But banking misery hasn't just hit Cyprus this week. Computer glitches and hacking caused havoc for millions of customers in the U.S. and South Korea, highlighting the vulnerabilities of digital banking. Remember: In a crisis, ones and zeroes on a computer screen are not real wealth, particularly when the computers aren't working. Gold and silver, however, are.
1f78
[ Read more… ]March 20, 2013
"I actually see the gold price ending this year better than it started," Goldcorp CEO Chuck Jeannes tells The Wall Street Journal in a March 19 interview. [ Read more… ]March 20, 2013
British finance minister George Osborne turned to the Bank of England on Wednesday to do more to help spur the country's stagnant economy as he announced a halving of this year's growth forecast. [ Read more… ]March 20, 2013
Newcrest Mining Ltd., Australia's largest gold producer, expects prices for bullion will "stay strong" in the medium term supported by supply constraints and the metal's appeal as a haven. [ Read more… ]March 20, 2013
The whole point of what Harry Markowitz sold in 1952 to Milton Friedman when he presented his doctoral thesis on portfolio management was diversification. [ Read more… ]March 20, 2013
"Our view was that the [ gold] market was bottoming out around $1,550 or so ... based on the fact that we've seen an increase in physical consumption," HSBC analyst James Steel tells Bloomberg in a March 18 interview. [ Read more… ]March 20, 2013
Amid the multi-day bank holiday in Cyprus as that nation mulled a plan to seize depositors' cash to finance a bailout, the American Banking Association issued a message to U.S. depositors, Zero Hedge reported: [ Read more… ]March 20, 2013
Members of the Santa Cruz Coin Club will be up to their old tricks next month. [ Read more… ]March 20, 2013
Commerzbank's commodity strategists are taking a different view on gold ETF outflows. [ Read more… ]March 20, 2013
In his new report to clients, Morgan Stanley's Adam Longson updates the firm's global commodities projections with this in mind. Almost all commodities are expected to get more expensive as long as the global recovery picks up steam. [ Read more… ]March 20, 2013
"The Cyprus thing is part and parcel with what's been going on for the last 12 years," Fearless Wealth CEO R.C. Peck tells Fox Business in a March 18 interview. [ Read more… ]March 20, 2013
What in the world is going through the minds of European officials with their crazy, destructive demands with Cyprus? Seizing a portion of peoples' bank deposits is the kind of thing one would expect from Argentina or other kleptocratic third-world governments. It sets an awful precedent shredding the rule of law, which is the bedrock of a free and vibrant society. The fact that Cyprus is small is irrelevant. [ Read more… ]March 20, 2013
"What are the alternatives for equities? Probably it's gold," Commerzbank analyst Eugen Weinberg tells CNBC in a March 18. [ Read more… ]March 20, 2013
Indian banks are struggling to attract deposits to fund credit growth amid the slowest economic growth in a decade as customers buy assets such as gold and real estate to protect themselves against inflation. [ Read more… ]March 20, 2013
Arizona lawmakers say the global economy is on the precipice of financial ruin and the U.S. dollar could soon be worth less than the paper used to make it. [ Read more… ]March 20, 2013
"I tend to be quite bullish on gold," Global Commodities exec Greg Smith tells CNBC in a March 17 interview. [ Read more… ]March 18, 2013
As a result of this situation in Cyprus, there's now fear that depositors all over southern Europe will take their money out of banks out of fear of this type of deal becoming a model for the next round of sovereign bailouts in general. [ Read more… ]March 18, 2013
Argentines are buying more gold than ever to protect their savings from the Western Hemisphere's fastest inflation as the country's bonds suffer the worst returns in developing nations. [ Read more… ]March 18, 2013
Analysts at HSBC on Monday adjusted their near-term gold-price forecasts lower, but said they "remain bullish" overall on the precious metal. The selloff in gold this year, triggered by worries the Federal Reserve will signal an end to quantitative easing, is a "short-term phenomenon," said those analysts. [ Read more… ]March 18, 2013
Cyprus is a beta test. The banksters are trying to commit bank robbery in broad daylight, and they are eager to see if the rest of the world will let them get away with it. [ Read more… ]March 18, 2013
Brian Kelly of Shelter Harbor Capital has other reasons to like gold.
2028
[ Read more… ]March 18, 2013
Tom Price, global commodity analyst at UBS, believes the case for gold is rising with the new element of uncertainty the Cyprus bailout has cast in Europe. [ Read more… ]March 18, 2013
Five reasons why gold could reach new all-time highs, from Aubie Baltin of 24hgold.com, who is predicting gold will finish 2013 up, at around $1,880: [ Read more… ]March 18, 2013
For the first time ever in the history of the stock market prices are at all time highs and at the same time the U.S. economy is simply not growing net of inflation. Many of you have to be wondering how to invest for the future in this uncertain time. [ Read more… ]March 18, 2013
So what does one do? It seems more clear to me that bonds and gold can do well in the weeks ahead. The $85-billion question is if stocks can hold their own. [ Read more… ]March 18, 2013
Banks in Cyprus will be shut on Tuesday and Wednesday pending a decision by parliament to approve a levy on bank depositors, a government source told Reuters. [ Read more… ]March 18, 2013
"Central banks are all about wealth preservation and liquidity, so as a personal investor you also want to think about wealth preservation," World Gold Council's Ashish Bhatia tells TheStreet's Joe Deaux in a March 14 interview. [ Read more… ]March 15, 2013
Outflows from gold ETFs aren't "a structural shift" away from physical gold as a safe haven, USAA Investments fund Dan Denbow tells Bloomberg in a March 14 interview. [ Read more… ]March 15, 2013
Led by an expected surge in gasoline prices, consumer prices rose in February at the fastest pace in more than three years, though longer-term trends show stability, according to data reported Friday by the U.S. Department of Labor.
1fde
[ Read more… ]March 15, 2013
Azerbaijan's State Oil Fund is weighing expansion into new currencies to reflect the impact of faster growing economies after starting to buy Australian dollars and gold last year, its chief investment officer said. [ Read more… ]March 15, 2013
The largest public pension in Los Angeles is investing $800 million in commodities over the next two years, a quarter in actively managed derivatives, as it tries to profit from markets that have frustrated many institutional investors. [ Read more… ]March 14, 2013
While the economy is in somewhat uncharted territory, you can begin to trace the likely results of the removal of the stimulus from this artificially created rally. [ Read more… ]March 14, 2013
The setting, or "fix," of the gold price in London dates back to 1919, originally involving NM Rothschild & Sons, Mocatta & Goldsmid, Samuel Montagu & Co, Pixley & Abell and Sharps & Wilkins. Silver price setting started in 1897. [ Read more… ]March 14, 2013
"With investors pouring money into the stock market trying to chase the run up, retail investors have shied away from gold," said David Beahm, vice president at precious-metals investment firm Blanchard & Co. "However, it seems that large buyers are still out there and gold is holding up even with all of the negative sentiment." [ Read more… ]March 13, 2013
"We do know that gold is almost in a bear market here" -- and likely has nowhere to go but up, David Dietze of Point View Wealth Management tells CNBC in a March 12 interview. [ Read more… ]March 13, 2013
Central banks are increasing purchases of gold, yen and China's renminbi to reduce their dollar and euro holdings as a percentage of total reserves, the World Gold Council said.
1f8f
[ Read more… ]March 13, 2013
A top Chinese central banker reaffirmed Beijing's continuing strategy of acquiring more gold without driving up prices on the global marketplace. Take with a grain of salt, however, his pledge of gold constituting a 2% maximum of its total foreign exchange reserves. Yi Gang's statement also shows how China is indirectly accumulating gold by allowing its citizens to purchase it: [ Read more… ]March 13, 2013
Kyle Bass, addressing Chicago Booth's Initiative on Global Markets last week, clarified his thesis on Japan in great detail, but it was the Q&A that has roused great concern. [ Read more… ]March 13, 2013
The bottom line is that QE is going to start to kick in at some point and produce tremendous inflation. [ Read more… ]March 13, 2013
I have been involved in the investment business for over three decades and I don't believe I have ever seen an asset market (I'm speaking of the metals themselves, not the miners) become so hated when so little has changed and price damage has been so minor. Yes, the world hated stocks at the bottom in 2008, and in 1982, but the environment was much different. [ Read more… ]March 13, 2013
The Fed's quantitative-easing program won't last forever, but investors can expect it to continue for the rest of this year, with no interest rate cut until 2015. [ Read more… ]March 13, 2013
"The price hasn't gone down at all; the price has been unchanged" after a wave of gold ETF selling, Bianco Research chief Jim Bianco tells Bloomberg in a March 12 interview. [ Read more… ]March 12, 2013
Money flew out of global stock markets in 2011 and it just knee-jerked into gold in a dangerous way that distorted the investment profile of the barbarous relic that is nothing more than an anchor to monetary value. What has happened since 2011 is fixing this distortion. What is so hard to understand about this? [ Read more… ]March 12, 2013
Golden Jackass publisher Jim Willie recently joined Greg Hunter of USA Watchdog to discuss precious metals. Willie, who holds a Ph.D. in statistics, says, "There are staggering bullish market indications for gold. The primary cylinder is negative real interest rates for the past 10 years." [ Read more… ]March 12, 2013
How the Federal Reserve eventually sells off the hundreds of billions of dollars worth of assets it has bought in order to keep the economy afloat will be key to the future direction of the stock market, Mohamed El-Erian, Pimco CEO and co-CIO, told CNBC on Tuesday.
1f41
[ Read more… ]March 12, 2013
The most important number for COMEX gold is $1,540 an ounce. This was the support level tested in October 2011 and in May 2012. It acted as a resistance level in June 2011. [ Read more… ]March 12, 2013
"Right now, this is an investor's paradise here in gold," iiTrader strategist Bill Baruch tells Yahoo! Finance's "Breakout" show. [ Read more… ]March 11, 2013
" Silver is outshining gold ... as global demand for the white metal gets a boost from industrial consumption," Mia Saini says in a March 10 Bloomberg broadcast. [ Read more… ]March 11, 2013
We have the majority of sentiment indicators showing more pessimism than in 2008, an explosion in negative news coverage and news that major banks have downgraded their outlooks. Without knowing anything else, you'd expect gold to be down considerably, yet it's only off about 5% year to date and 10% in the past three and a half months. [ Read more… ]March 8, 2013
I am entering the rare coins market after more than a decade of trading futures contracts and physical gold and silver bullion. The reason is simple: I expect a lot more retail investors to be entering the precious metals market over the next three to five years and numismatics is a retail-oriented segment. [ Read more… ]March 8, 2013
As gold falls out of favor with investors in a "risk-on" trading environment, one expert says the market bears should think carefully about betting against the precious metal at a time when central bank demand for gold remains strong. [ Read more… ]March 8, 2013
Central-bank reserve shifts indicate the best foreign-exchange returns may be found by avoiding the "fading four" most-traded currencies in favor of the next tier, according to Samson Capital Advisors LLC. [ Read more… ]March 8, 2013
Though the world's second-largest economy, China, grew at its slowest pace in 13 years in 2012, the Spring Festival celebrations by the Asian country showed that citizens were eager to leave it all behind and embark on a massive shopping spree. [ Read more… ]March 8, 2013
I believe powerful forces, such as inflation and currency devaluation, are going to appear stronger in the future. That should lead to higher gold prices over the second half of the year. [ Read more… ]March 8, 2013
The Dow's record high feels "eerily similar" to the market's peak in mid-2007 before the global financial crisis, Albert Edwards, the London-based global strategist at Societe Generale, known for his famously bearish stance on equities, said on Thursday. [ Read more… ]March 8, 2013
"The number of Americans designated as 'not in the labor force' in February was 89,304,000, a record high, up from 89,008,000 in January, according to the Department of Labor." [ Read more… ]March 8, 2013
Pacific Investment Management Co., which runs the world's biggest bond fund, is planning Asia's first fund to protect against inflation in the region. [ Read more… ]March 8, 2013
The scenario of silver coin demand outstripping gold coin demand cannot be ruled out as there exists "considerable interest in Silver Eagles in Europe as well as North America," according to Robin Bhar, head of metals research, Societe Generale. [ Read more… ]March 8, 2013
Randgold Resources Ltd., which operates mines in Africa, sees more upside than downside for gold prices as central banks in emerging markets buy the precious metal and producers limit new output. [ Read more… ]March 8, 2013
There is only one thing you need to know about finance: the stock market is not the economy. [ Read more… ]March 8, 2013
Gold prices steadied on Friday, recovering losses made after a forecast-beating U.S. payrolls report, as resilience at $1,560 an ounce reassured investors of good underlying support. [ Read more… ]
March 8, 2013
National Gold Group Corp., the nation's biggest producer of the precious metal, said the government has tightened scrutiny on overseas deals. [ Read more… ]
1f42
March 6, 2013
South Korea's central bank said on Wednesday it bought 20 tonnes of gold in February with foreign reserves to increase its holdings of the safe-haven precious metal, but total reserves fell for the first time in nearly a year. [ Read more… ]March 6, 2013
"Right now we have a euphoric spirit in the (stock) market and that's always a point of vulnerability," Blackstone Group vice chair Byron Wien tells Bloomberg in a March 5 interview that includes Donald Baer of Burson-Marsteller. [ Read more… ]March 6, 2013
Jeff Gundlach, CEO and chief investment officer of Doubleline Capital, spoke about quantitative easing and said he doesn't know when it will end. But when it does, he said, it won't be pretty. [ Read more… ]March 6, 2013
CNBC makes some interesting points in a recent story about billionaire hedge-fund manager John Paulson's commitment to gold: [ Read more… ]March 6, 2013
A private collector has paid a world record Aus$495,000 (US$508,000) for one of Australia's first coins, known as the "Holey Dollar." [ Read more… ]March 6, 2013
Forget the Dow. If you really want to make some money, buy gold, says David Rosenberg. Gold is heading to $3,000 an ounce, the chief economist & strategist at investment firm Gluskin Sheff + Associates said Tuesday in a speech at a CFA Institute of Chicago conference. [ Read more… ]March 6, 2013
Morgan Stanley, which for a while has touted gold as its No. 1 investment idea in the commodity space, isn't ready to throw in the towel just yet. [ Read more… ]March 5, 2013
Yes, the Dow Jones has hit all-time record highs, but according to hedge-fund legend Stanley Druckenmiller: "The party is going on, and money is being pumped in," but it can't last. [ Read more… ]March 5, 2013
1f7e
CME Group Inc., the world's largest futures exchange, is seeing its Asian business expand 35 percent a year, driven by grains, currencies, gold, energy and financials, Chief Executive Officer Phupinder Gill said. [ Read more… ]March 5, 2013
As a deadlock continues over automatic spending cuts in the United States, analysts told CNBC that the country is living in a "fantasy world" and will need to implement trillions more in budget cuts. [ Read more… ]March 5, 2013
With tax hikes and rising gasoline prices sapping consumers' pocketbooks and politicians preaching sequester gloom and doom, the IBD/TIPP Economic Optimism Index plunged 5.1 points in March to 42.2, the lowest since December 2011. [ Read more… ]March 5, 2013
Former Federal Reserve Chairman Paul Volcker said U.S. central bank officials may find it difficult to rein in their historic stimulus at the appropriate time because "there's a lot of liquor out there now." [ Read more… ]March 5, 2013
"We've heard an awful lot of rhetoric about death crosses and cyclical changes in gold prices, but to my mind nothing's really changed for the past two or three years," CMC Markets analyst Michael Hewson tells Reuters in a March 4 interview. [ Read more… ]March 4, 2013
The ongoing gold correction has shaken faith in the metal among some investors, and the pain could continue for a while, argues James Gruber of Asia Confidential. However, once the smoke clears, he thinks a rebound toward to $2,000 is likely: [ Read more… ]March 4, 2013
Silver prices are likely to average around $36 per ounce this year, before moderating slightly to around $32 per ounce in 2014, says Thomson Reuters GFMS. [ Read more… ]
March 4, 2013
Every now and then you get a glimpse. A vision of reality that confirms the surreality occurring all around us. This time it comes courtesy of Coleman Andrews, co-founder of Bain Capital, who asks bluntly how confident can investors be that this monetary program will have the effects that the Fed claims it will have? [ Read more… ]March 4, 2013
This is the last week to talk about how precious metals are nearing a major tipping point and to be aware of those levels because the next move is likely to be huge and you do not want to miss it. [ Read more… ]March 4, 2013
A key member of the Federal Reserve on Monday gave her clear support to continuing at current levels the central bank's policy of buying bonds. [ Read more… ]March 4, 2013
The Japan government's nominee to be the next central bank governor outlined more forceful policy prescriptions on Monday to finally defeat deflation, saying he would not set any limits on the amount of cash the Bank of Japan pumps into the economy. [ Read more… ]March 4, 2013
China's foreign currency reserves, which have surged more than 700 percent since 2004, are enough to buy every central bank's official gold supply -- twice. [ Read more… ]March 4, 2013
After five months of declines in gold prices, it's still not time to call an end to gold's bull run. [ Read more… ]March 1, 2013
"It's all in your perspective in terms of your time horizon," Sica Wealth Management President Jeffrey Sica says of gold in a Feb. 28 Bloomberg interview. [ Read more… ]March 1, 2013
I don't relish the job of constantly pointing out the risks to the equity markets. But since few on Wall Street seem willing (or able) to do this, I'm "making the call" for a market correction, as enough variables have aligned to indicate a high likelihood of stocks heading downwards from here. [ Read more… ]March 1, 2013
A Chinese wealth survey has found that Asia has more billionaires than any other continent, apparently surpassing North America for the first time. [ Read more… ]March 1, 2013
Azerbaijan's State Oil Fund, which started investing in gold last year, bought 17.4 metric tons of bullion as of March 1 as the third-largest oil producer in the former Soviet Union diversifies reserves.
1f57
[ Read more… ]March 1, 2013
CNBC analyst Rick Santelli interviewed Frank Lesh of FuturePath Trading in a Feb 27 interview on the subject of gold exchange-traded funds. Santelli makes some pointed observations on gold ETFs versus physical bullion: [ Read more… ]March 1, 2013
"With one day left in the month, the U.S. Mint has seen the largest demand for physical silver coins ever for a February at 3.37mm ounces," Zero Hedge reports. [ Read more… ]March 1, 2013
Gold used to be the main exchange currency in Europe, but soon after World War I governments ditched it. Now, amid unstable financial times and economic woes, gold is once again a safe haven for investors, as Russia Today's Peter Oliver explains in the video below. [ Read more… ]
February 28, 2013
A colossal savings glut in China, the world's second largest economy, means British workers in their twenties will only be able to retire at 75, a report by the Center for Economic and Business Research (CEBR) showed on Thursday. [ Read more… ]February 28, 2013
Like the French, our politicians think this time is different. Our central bankers think they're smarter. And they want us to trust them. After all, what could go wrong? [ Read more… ]February 28, 2013
Gold demand in India, the world's biggest user, is poised to climb after the government unexpectedly refrained from raising import taxes and as prices headed for a fifth monthly decline. [ Read more… ]
February 28, 2013
The International Monetary Fund will lower its growth forecast for the U.S., where $85 billion in spending cuts are due to begin tomorrow, an IMF spokesman said. [ Read more… ]February 28, 2013
Inflation is all in how you measure it. As John Williams' Shadow Stats reveals, if we measured inflation the way we did as recently as the early '90s, it would be running at 6% presently. [ Read more… ]February 28, 2013
While CPI may have been contained under Bernanke, the price of gold sure hasn't. [ Read more… ]February 28, 2013
"The United States government sells the American gold Eagle and they release monthly numbers," David Lisot of Coin Week tells Fox Business in a Feb. 26 interview. [ Read more… ]February 27, 2013
"The United States has cancer because we refuse to address our problem," Fleckenstein Capital chief Bill Fleckenstein tells CNBC in a scathing Feb. 26 interview." [ Read more… ]February 27, 2013
At the other end of the spectrum stand William C. Dudley, president of the New York Fed, who reported assets worth at least $8.5 million, and Richard W. Fisher of the Dallas Fed, who reported assets worth at least $21.5 million. [ Read more… ]February 27, 2013
" Gold is very difficult to value -- there's no price-to-earnings ratio; there's no dividend," Point View Wealth Management President David Dietze tells CNBC in a Feb. 26 interview. [ Read more… ]February 27, 2013
Obamacare will increase the long-term federal deficit by $6.2 trillion, according to a Government Accountability Office (GAO) report released today. [ Read more… ]February 27, 2013
The financial markets have been paying too much attention to the minority views in the Federal Reserve minutes for the past two months, former New York Fed's Dino Kos told CNBC on Wednesday. [ Read more… ]February 27, 2013
Investors who understand the long-term inflationary cycle should diversify across the metals, but now is a good time to be overweight in the precious metals that have an industrial component, such as platinum. [ Read more… ]February 27, 2013
Bank of England deputy governor Paul Tucker has said negative interest rates should be considered. [ Read more… ]February 27, 2013
Unemployment probably won't reach the 6 percent level until 2016, Federal Reserve Chairman Ben Bernanke told Congress on Wednesday. [ Read more… ]February 27, 2013
Gold's biggest rally in months stretched into a second day on Tuesday after the U.S. Federal Reserve chief defended the stimulus program that has stoked gold buying on inflation worries, but oil fell on concern about Italy's elections.
1f66
[ Read more… ]
February 26, 2013
Federal Reserve Chairman Ben Bernanke strongly defended the U.S. central bank's bond-buying stimulus before Congress on Tuesday, saying that the bank sees little risk of higher inflation in the near term. [ Read more… ]February 26, 2013
The conclusion from UBS? As analyst Julien Garren explains in a note, the role the U.S. economy plays in influencing commodity prices is a delicate dance, but providing investors can be patient, it's a winner for gold. [ Read more… ]February 26, 2013
BofA Merrill Lynch technical analyst MacNeil Curry notes today that investor sentiment toward gold is at its lowest level since November 2008. [ Read more… ]February 26, 2013
"Yes, I think we will" see more gold-bullish stimulus from the Federal Reserve, Grant's Interest Rate Observer publisher James Grant tells Bloomberg in a prescient Feb. 25 interview -- before Ben Bernanke reaffirmed the Fed's money-printing program to the Senate on Tuesday. [ Read more… ]February 26, 2013
Gold investors have been running for the exit over the past week on fears that recent price declines signal a long-term slump, but Capital Economics' Julian Jessop said the real story isn't as bad as the headlines. [ Read more… ]
February 26, 2013
China is this generation's version of the Hunt brothers. Only instead of having the faults and worries of a single person/family, China plays by its own rules. [ Read more… ]February 26, 2013
Pre-2004, gold generally saw a long-term deterioration in market price after a death cross, averaging -4.5% after six months. In comparison, post-2004, gold averaged a 10% gain six months after a death cross and 6% by the time the cross had reversed. [ Read more… ]February 26, 2013
Arizonans who fear the federal government will make their folding money worthless may soon be able to substitute privately minted gold and silver coins. [ Read more… ]February 26, 2013
Despite all the gold negativity, [billionaire John] Paulson's firm, Paulson & Co., remains among the biggest fans and is holding on to much of its gold stash. [ Read more… ]
1fba
February 26, 2013
Russia and Kazakhstan expanded gold reserves for a fourth straight month in January, while Azerbaijan acquired bullion for the first time in more than three years, as central banks sought to diversify their assets. [ Read more… ]February 26, 2013
Federal Reserve Chairman Ben Bernanke's efforts to rescue the economy could result in more than a half trillion dollars of paper losses on the central bank's books if interest rates rise abruptly from recent levels. [ Read more… ]February 26, 2013
As the spotlight is thrown back on the eurozone crisis amid a political stalemate in Italy, investors are scrambling for beaten-down safe havens, scooping up gold and the yen which have fallen sharply in recent months. [ Read more… ]February 26, 2013
Gold rose decisively above $1,610 per ounce on Tuesday after testimony from Federal Reserve chief Ben Bernanke defended its bond-buying program, easing market concern about a premature end to quantitative easing. [ Read more… ]
February 26, 2013
When we consider the fundamental picture for gold we can see that the reasons to buy the metal have slightly shifted from last year: geopolitical events do not warrant a major premium at the moment; prospects for inflation remain controlled; and economic recovery is telling us to move into other asset classes. [ Read more… ]February 22, 2013
While the mainstream media continues to spew out bearish news and headlines on precious metals and (especially) mining shares, SAC Capital Partners LP, a $20 billion dollar group of hedge funds founded by Stephen A. Cohen, quietly positioned itself in over $240 million dollars worth of gold, silver, and mining share investments during Q4 2012. [ Read more… ]February 22, 2013
The Federal Reserve's "very aggressive" easy money policy is going to stay that way for a "long time," St. Louis Fed President James Bullard told CNBC on Friday. [ Read more… ]February 22, 2013
"We may see even lower prices down toward $1,415 in the coming months," SignalPro strategist Sandy Jadeja tells CNBC in a Feb. 22 interview in which he analyzes gold's "death cross," when its 50-day moving average fell below its 200-day moving average. [ Read more… ]February 22, 2013
From his office in Chicago, Donald Coxe heads up the Global Commodity Strategy investment management team, a collaboration of Coxe Advisors and BMO Global Asset Management:
1f60
[ Read more… ]February 22, 2013
Federal Reserve Chairman Ben Bernanke minimized concerns that the central bank's easy monetary policy has spawned economically-risky asset bubbles in comments at a meeting with dealers and investors this month, according to three people with knowledge of the discussions. [ Read more… ]February 22, 2013
"It looks to me like the dollar is rolling over here," Raymond James investment strategist Jeff Saut tells Yahoo! Finance's "Breakout" show. "At least the dollar index, which is a basket against eight different currencies, is rolling over. I think the dollar index is going lower here. And I actually think that puts a bid into the commodity markets and things like precious metals." [ Read more… ]February 22, 2013
Sir Mervyn King, Governor of the Bank of England, is on the brink of striking a deal with the People's Bank of China which would cement the UK's role as the leading G7 trade hub for the world's fastest growing currency. [ Read more… ]February 22, 2013
India's steep new tax on gold imports doesn't deter Mousumi Rao as she holds up a glittering $5,000 filigree necklace that could adorn her daughter on her wedding day. [ Read more… ]February 22, 2013
U.S. Federal Reserve officials are likely to press on with their bond-buying stimulus program even though some harbor growing concerns the purchases could fuel an asset bubble or inflation if pushed too far. [ Read more… ]February 22, 2013
Frank Holmes of U.S. Global Investors thinks gold's fall is overdone, an argument he makes using statistical and historical analysis, illustrated in the accompanying chart. If he's right, now is the time to take advantage of this dip in gold prices by adding to your positions. [ Read more… ]February 21, 2013
The bearish technical chart formation known as the "death cross," in which an asset's 50-day moving average falls below its 200-day moving average, is not the coffin nail for the gold bull market that so many bullion skeptics are trumpeting. That's the conclusion of Wall Street Journal writer Steven Russolillo in his piece titled "Gold's Death Cross May Not Be So Bearish": [ Read more… ]February 20, 2013
After gold plummeted below $1,600 per ounce to hit a six-month low Wednesday, its fundamentals remained strong, Rick Rule of Sprott Asset Management said. [ Read more… ]February 20, 2013
Fear is in retreat, and gold is getting kicked to the curb. Even the chartists are piling on the precious metal today, noting the occurrence of gold's first death cross in over a year, as the spot price dips below $1,600 an ounce. As ominous as all of this seems, at least one gold bug says he is undeterred. [ Read more… ]February 20, 2013
"What stands out is all the negative press we had last week of some of these hedge-fund managers -- Mr. (George) Soros and all -- getting of that gold trade, and I think that ultimately they were a little bit too early," Trean Senior Vice President Scott Shellady says in a Feb. 19 Bloomberg interview. [ Read more… ]February 20, 2013
Several analysts quoted in The Globe and Mail article "Falling bullion prices: For gold, all the good news is bad" see light at the end of the tunnel for this latest price dip: [ Read more… ]February 20, 2013
Editor Vikram Barhat of the Advisor Group site features the expertise of Sprott Asset Management's two top executives, and according to them, the fundamentals behind gold are better than ever, and when you hear the mainstream media say the economic recovery is humming along -- believe them at your own portfolio's risk: [ Read more… ]February 20, 2013
The U.S. dodged a bullet with the last-minute fiscal-cliff deal in January, right? Not so fast. A quick survey of some recent news items reveals that the March 1 sequestration deadline could wreak havoc on the economy across a variety of sectors, and that's just one why investors should stay defensive with a gold allocation in their portfolios. And read on: The debt-ceiling fight -- and all the uncertainties associated with it -- will be back at the economic forefront by May: [ Read more… ]February 20, 2013
Minutes of the Federal Reserve's January meeting reveal that many Fed officials are worried about the costs and risks arising from the $85 billion per-month asset purchase program. And they all seem to have their own ideas on how to proceed. [ Read more… ]February 20, 2013
"The economy is heading for a train wreck, precisely because this fictitious economy is built on trillion-dollar deficits, $6 trillion worth, by the way, since the Great Recession began in December of 2007. It's built on massive deficits ... and zero percent interest rates since 2008, and what do we have to show for that?" Michael Pento of Pento Portfolio Strategies asks Fox Business in a Feb. 18 interview. [ Read more… ]February 19, 2013
In my opinion, all those gold- and silver- and other commodity-backed ETFs and contracts for delivery of hard assets are likely to turn out as worthless as most of those mortgage-backed securities did. I have to believe that the commodity ETFs and commodity price insurance contracts and hedges and markets have likely issued much more paper than they’ll ever be able to pay if and when investors and traders actually start demanding their hard assets.
2079
[ Read more… ]February 19, 2013
Mining labor disputes in South Africa "are only going to add to the risk and the pressure that we're going to see higher costs again after some very big cost rises in 2012," ANZ Research strategist Nick Trevethan tells CNBC in a Feb. 19 interview. [ Read more… ]February 19, 2013
"What you've seen this year is a reduction in three risks," HSBC Securities gold analyst James Steel tells Bloomberg in a Feb. 19 interview, citing the fiscal cliff, China's unrealized hard landing, and Greece's feared exit from the European Union. [ Read more… ]February 19, 2013
King World News: "Bill, we've had a lot of the mainstream media the past few weeks saying that the gold bull market is over, your thoughts on that?" [ Read more… ]
February 19, 2013
Gold miners have responded to recent falls in the price by concentrating on the highest quality deposits, scrapping extraction of more marginal material. This will cause a "significant decline" in global production of gold, according to Angelos Damaskos, who runs the Junior Gold fund. [ Read more… ]
February 19, 2013
On average, silver rises higher and falls further than gold. This is true as much today as it was in the 1970s. The difference has reached as much as 15 percentage points during this cycle, while it hit 30 during the last mania. This means that investors: [ Read more… ]February 19, 2013
Gold is struggling to find near-term support from external drivers despite the positive backdrop of low interest rates and global balance sheet expansion, according to UK-based Barclays Capital. [ Read more… ]
February 19, 2013
The Los Angeles Times this week reported on a Treasury audit of gold bullion held at the New York Federal Reserve, concluding: "The U.S. government's gold in New York is safe in a vault underneath Manhattan, and some of the precious metal there is purer than previously thought." [ Read more… ]February 19, 2013
"We're basically looking at reallocation," Liberty Trading Group president James Cordier says in explaining gold's dip in a Fox Business interview Feb. 14. [ Read more… ]February 18, 2013
Ole Hansen, head of commodities strategy at Saxo Bank says futures prices out of Shanghai for gold on Monday showed near-high records on volumes. That could mean two things, he says: some looking into the market on these levels," or sign of long positions needing to be hedged.
1f48
[ Read more… ]February 18, 2013
"There's so many things that impact the short-term movements in gold price, whether it's, you know, the risk on/risk-off trade moving from gold ... into equities, which we've seen in the last couple of months," Goldcorp CEO Charles Jeannes tells CNBC in a Feb. 15 interview. [ Read more… ]February 18, 2013
Britain's Royal Mint has started to manufacture gold sovereign coins in India for the first time in almost 100 years, it said on Monday. [ Read more… ]February 18, 2013
Gold fell below $1,600 on Friday. This is a six-month low. According to Citi technician Tom Fitzpatrick, this is exactly where you want it to be if you're a gold bull. [ Read more… ]
February 18, 2013
Gold volumes for the benchmark cash contract on the Shanghai Gold Exchange climbed to a record today, as the market re-opened after a weeklong break and lower prices lured buyers. [ Read more… ]
February 18, 2013
China's demand for gold will surpass supply by at least 550 tonnes by 2015, according to statistics from China Gold Association. [ Read more… ]February 18, 2013
Strong gains in equity markets and modest increases in bond yields have also weighed on gold's investment appeal. What may be happening in bullion markets currently is a rotation of influences. [ Read more… ]February 18, 2013
Iran criticized on Monday a reported plan by major powers to demand the closure of a uranium enrichment plant in return for an easing of sanctions on Tehran's trade in gold and other precious metals, Iranian media reported. [ Read more… ]February 18, 2013
Retail consumers unabated appetite to own an additional piece of gold has so far nullified the governments efforts to curb its import, in order to control the burgeoning current account deficit (CAD). [ Read more… ]February 18, 2013
The U.S dollar is shrinking as a percentage of the world's currency supply, raising concerns that the greenback is about to see its long run as the world's premier denomination come to an end. [ Read more… ]February 18, 2013
As the Group of 20 meets this weekend, the term "currency war" has been on everyone's lips as Japan and the U.S. lead the charge of the major central banks in a race to devalue their currencies and boost their economies via quantitative easing and other reflationary measures. Meanwhile, the central banks of Russia and China are accumulating gold at record levels to defend themselves from these very fiat currencies created out of thin air with monetary printing presses. [ Read more… ]February 15, 2013
In value terms, gold demand in 2012 was US$236.4bn -- an all-time high. Gold demand in value terms for the final quarter of the year was 6% higher year-on-year at US$66.2bn, marking the highest ever Q4 total. [ Read more… ]February 15, 2013
"In the second half of the year, particularly in Asia, as we look at the strong growth that we're now seeing out of China, stronger than some people have predicted, there is a real potential to start seeing inflationary pressures coming through at the end of the year, and so that's when we start to see gold moving up a bit more strongly," Blackrock portfolio manager Catherine Raw tells Bloomberg in a Feb. 13 interview. [ Read more… ]February 15, 2013
Central banks added the most gold to reserves in almost a half century last year as prices averaged a record, the World Gold Council said. [ Read more… ]February 15, 2013
If you thought demand for gold in China was already frenzied, look out. That's the implication of this excerpt from London's Financial Times. [ Read more… ]February 15, 2013
Moody's Investors Service on Thursday said that future changes to the U.S. sovereign credit rating will turn on the expected debt trajectory, with more budget measures needed to shrink key debt ratios. [ Read more… ]February 15, 2013
Booming demand for gold as a store of wealth among Asian investors is driving physical gold bars and coins out of the United States and into Asia. [ Read more… ]February 13, 2013
Analysts at HSBC on Wednesday lifted their silver forecasts for 2013 and 2014, as growing industrial demand and loose monetary policies is likely to boost appetite for the precious metal. [ Read more… ]February 13, 2013
So what does one of the biggest gold bulls out there have to say about recent action that has been anything but bullish for the precious metal? [ Read more… ]February 13, 2013
As leaders from around the world meet this week to discuss fears of competitive currency devaluations, analysts told CNBC the currency war could lead to a sharp rise in gold prices in the second half of this year, after a falloff in the first half. [ Read more… ]February 13, 2013
It is not hard to see why central bankers are worried. Right now, virtual currencies are tiny. Hardly anyone is taking them seriously. And yet people are increasingly losing faith with traditional currencies. They are losing value steadily to inflation. And quantitative easing and currency wars mean they are constantly being debased. They are open to alternatives. [ Read more… ]February 13, 2013
Marc Faber, editor of the Gloom, Boom and Doom Report, says the 18-month correction in the price of gold isn't over yet, but we're close enough that those seeking to insure themselves against an economic meltdown should start building positions now. [ Read more… ]February 13, 2013
The U.S. is choking on debt -- everybody is aware of that FACT. Further, I know that every nation's chosen way of addressing its debt problem is to devalue its currency. Thus, the fate of the dollar is almost assured. The dollar, as a unit of purchasing power, appears to be doomed. [ Read more… ]February 13, 2013
When Vladimir Putin says the U.S. is endangering the global economy by abusing its dollar monopoly, he's not just talking. He's betting on it. [ Read more… ]February 13, 2013
A so-called volatility squeeze in gold prices may signal a rally to $1,900 an ounce for the first time in more than 16 months, according to technical analysis by Steel Vine Investments LLC. [ Read more… ]February 8, 2013
The financial world was shocked by a demand from Germany's Bundesbank to repatriate a large portion of its gold reserves held abroad. By 2020, Germany wants 50% of its total gold reserves back in Frankfurt -- including 300 tons from the Federal Reserve. [ Read more… ]February 8, 2013
"We're confident in precious metals as becoming a story of value. It's a hard asset that can't be printed, can't be reproduced [and] it's still pretty tough to find this stuff," Silver Wheaton CEO Randy Smallwood told CNBC on Feb. 7, adding that another round of such stimulus will only send gold and silver prices higher. [ Read more… ]February 8, 2013
Central banks around the world are printing a flood of money, which could lead to inflated prices for other goods and services. ... I believe long-term emerging markets demand for commodities is likely to keep growing. ... We believe emerging-market growth has the potential to create a long-term bull market for commodities. [ Read more… ]February 8, 2013
"Basically, when trends would come to an end, if you were having a gold bubble pop, you wouldn't have gold consolidating for a year, year and a half in the $1,500 to $1,800 range," Ultimate Wealth Report editor Sean Hyman tells CNBC in a Feb. 7 interview. [ Read more… ]February 8, 2013
Virginia state lawmaker Robert Marshall fears that a financial apocalypse is coming and only one thing can save the commonwealth: its own currency. [ Read more… ]February 8, 2013
Gold "has changed little from last month ... and remains in a 16-month consolidation, not unlike the 18-month consolidation that took place into 2009, and which could extend through Q1 of 2013, inclusive of another approach toward 1,600," famed Wall Street technical chartist Louise Yamada noted at King World News. [ Read more… ]
February 8, 2013
Is a currency crisis inevitable? "I think it is," Tangent Capital Partners exec Jim Rickards tells The Wall Street Journal in a Feb. 5 interview. [ Read more… ]February 8, 2013
The opponents to financial hegemony have spent the last four years in planning a new order that can viably sustain the global trade system without a U.S. dollar at its central role. [ Read more… ]February 8, 2013
Why are corporate insiders dumping huge numbers of shares in their own companies right now? [ Read more… ]February 8, 2013
The Federal Reserve's bond-buying program is an "energy bar" to get the economy off to a fast run, said Charles Evans, the president of the Chicago Fed Bank, on Thursday. [ Read more… ]February 8, 2013
China's gold production rose for a sixth consecutive year and hit a record 403 tonnes in 2012, keeping its ranking as the world's largest bullion producer, the Shanghai Securities News said on Thursday. [ Read more… ]February 8, 2013
"There are two things holding [ gold prices] back," Compass Global Markets CEO Andrew Su tells CNBC in a Feb. 5 interview. [ Read more… ]February 6, 2013
The process of debt elimination hasn't occurred. If anything, we've added to the debt issue. I'm convinced that the worst is still in front of us. We haven't had a catastrophic economic decline that forced massive unemployment rates and collapsed the U.S. banking system. This is the year that is going to occur because I believe there's going to be a major peak in stock prices that is going to start a decline that will be every bit as vicious as the bear market decline between 1929 and 1932. [ Read more… ]February 6, 2013
It's important to note what an ETF like SLV is and what it isn't. SLV is not silver but rather a security that trades on the AMEX. The ETF is backed by trust assets consisting of silver held by the custodian on behalf of the trust. [ Read more… ]February 6, 2013
The argument for owning gold usually centers on the Federal Reserve. But the metal's least recognized helpers may be Chinese central bankers, who still look like they're buying gold with both hands. [ Read more… ]February 6, 2013
"I think [ gold] deserves a place in most investors' portfolios," Hennion & Walsh Asset Management president Kevin Mahn tells The Wall Street Journal in a Feb. 5 interview. [ Read more… ]February 5, 2013
1f5a
The rare coin world record price of $10,016,875 paid for a 1794-dated U.S. silver dollar in a recent auction is an indication of the strength of the market for high-quality, rare coins; however, investors must be aware of "bogus bargains" and unscrupulous "boiler room" dealers, cautions the Professional Numismatists Guild. [ Read more… ]February 5, 2013
Gold imports into mainland China from Hong Kong surged 94 percent to an all-time high last year as rising incomes in the world's second-largest economy underpinned increased demand and helped the metal to post a 12th annual gain. [ Read more… ]
February 5, 2013
Ani Markova, co-manager of the Smith & Williamson Global Gold and Resources fund, argues the gold price needs to double before the asset class enters bubble territory. [ Read more… ]February 5, 2013
Gold may seem stuck below the US$1,700 per ounce mark, but U.S. data set to be released next week could provide bullion the lift investors have been waiting for. [ Read more… ]
February 5, 2013
"There's lots of contrarian reasons telling you that gold's poised for quite a big rally," Longview Economics economist Harry Colvin tells CNBC in a Feb. 4 interview. [ Read more… ]February 4, 2013
"I'm very concerned about the money printing that's going on over the world," High-Tech Strategist newsletter editor Fred Hickey tells Barron's in a Feb. 2 interview. [ Read more… ]February 4, 2013
I don't see much changing; higher gold prices appear inevitable. I think that the lower end of the range is fixed, but the potential for higher price levels above my range are more than possible if there is a black swan event. For 2013, let's put down $1,500 to $1,800 for the gold price and look for a high of $1,900 for the year. It may seem a little wimpy to keep $1,900 at the high end of the range, but a lot of things could tamp down gold prices, especially in the near term. [ Read more… ]February 4, 2013
Cash flow has stalled for the world's major gold producers despite high gold prices, which probably means we're heading for a gold production cliff, according to National Bank Financial. That means higher prices. [ Read more… ]February 4, 2013
"Japan's new ultra-loose monetary policy is likely to impact investor behavior in a number of ways as expectations of yen weakness become entrenched," writes Craig Stephen at MarketWatch. "Japanese investors will become more aggressive searching for yield and diversifying into non-yen assets to protect against currency debasement." [ Read more… ]February 4, 2013
As for the precious metals, folks continue to decide they don't need gold when equities are working and all the problems have been solved. (They haven't been, but that is irrelevant at the moment.) Contrarians should take note of the difference between the psychology toward stocks in general and mining stocks or metals, as they are at opposite extremes. [ Read more… ]February 4, 2013
Gold is the one thing we see going up more than anything else in the near term. The more money governments print, the better it is for gold. But when that government strategy fails and economies melt down, gold will go down. [ Read more… ]
February 4, 2013
The following Bloomberg story supports long-standing speculation in financial circles that the federal government views Americans' private retirement accounts as a potential untapped buyers' market for the Treasury bonds it needs to sell to finance its operations and service its debt. With global buyers increasingly turning away from bonds as the U.S. debt spirals out of control, some analysts think Americans' retirement money eventually might be diverted into bonds "for their safety" -- to protect investors from the unpredictable fluctuations of the stock market and provide them with a more "stable" return. Only time will tell, but this story only adds fuel to these speculative fires: [ Read more… ]February 4, 2013
Gold will hit $1,900 this year, predicts legendary investor Byron Wien, vice chairman of Blackstone Advisory Partners, in a Jan. 31 CNBC interview. [ Read more… ]
February 1, 2013
The deal to avert the fiscal cliff "was a head fake," says David Stockman, director of Office of Management and Budget (OMB) during the Reagan administration, in an interview at Yahoo! Finance's "Daily Ticker" show. [ Read more… ]February 1, 2013
Bill Gross, the PIMCO bond guru, said on Thursday a heavy reliance on credit has put the U.S. economy on a trajectory toward extinction, and he warned of an investor exodus from financial markets. [ Read more… ]February 1, 2013
Gold and platinum have been locked in a tight race for the past month, with both trading currently around $1,680 an ounce, prompting the question -- which precious metal will win the race to $2,000? [ Read more… ]
February 1, 2013
The silver market has become a magnet for investors betting on growth in the global electronics and solar-power industries. [ Read more… ]February 1, 2013
Doug Ehrman of The Motley Fool rebuts the argument that gold is in a bubble. Read his full article for more detailed explanations of the four characteristics of typical bubbles -- now lacking in the gold bull market of 12 years and counting: [ Read more… ]February 1, 2013
Gold may be a cheaper tool to use as a hedge against swings in emerging-market currencies, according to a study by a group funded by mining companies. [ Read more… ]
February 1, 2013
Gold capped the biggest gain in almost three weeks after a report showed the U.S. economy unexpectedly shrank in the fourth quarter, boosting demand for the metal as a haven. Silver jumped the most since September. [ Read more… ]
January 30, 2013
The Federal Reserve, saying economic growth had "paused" in recent months, announced Wednesday it will continue its $85 billion monthly bond buying and hold interest rates near zero until unemployment falls to at least 6.5 percent. [ Read more… ]January 30, 2013
The advance estimate for fourth-quarter U.S. GDP is out. The economy contracted 0.1 percent in Q4 versus economists' consensus expectations of a 1.1 percent expansion. [ Read more… ]January 30, 2013
As the Dow Jones Industrial Average edges close to 14,000 let us just remark on the value of the famous index in ounces of gold. It may be that 14,000 is nearly twice the 7,949 at which the industrial average stood on the day President Obama was sworn. But what are we to make of the fact that the value of the Dow is actually lower today, having slumped to 8.38 ounces of gold from the 8.7 ounces at which it was valued on January 20, 2009? [ Read more… ]
1f50
January 30, 2013
In the meantime, whither gold? My own theory as to why prices aren't bounding above $2,000 is simply this: the central banks have so far failed to produce any meaningful inflation. [ Read more… ]January 30, 2013
American Eagle silver coin sales in January surged to an all-time monthly high as the U.S. Mint resumed sales after huge demand triggered a brief suspension, and gold coins also posted their best performance since July 2010. [ Read more… ]
January 29, 2013
In the final issue of his "Basic Points," publication global commodities strategist Don Coxe of BMO and Coxe Advisors has once again stressed the importance of maintaining a portfolio investment in gold. [ Read more… ]January 29, 2013
"The Federal Reserve is going to maintain its monetary policy of aggressive easing at the end of its two-day meeting Wednesday, and will keep it in place until there are signs of a broad-based expansion, economists said," according to MarketWatch. [ Read more… ]January 29, 2013
You can thank the reckless money printing that the Federal Reserve has been doing for the incredible bull market that we have seen in recent months. When the Federal Reserve does more "quantitative easing," it is the financial markets that benefit the most. The Dow and the S&P 500 have both hit levels not seen since 2007 this month, and many analysts are projecting that 2013 will be a banner year for stocks. But is a rising stock market really a sign that the overall economy is rapidly improving as many are suggesting? [ Read more… ]January 29, 2013
We allege the Fed is engaging in doping; the cheap money is like a fix for a drug addict. So far, however, the Fed's own anti-doping commission, a research staff with the best credentials and intentions, has not found any foul play, as economic indicators show a gradual recovery with little inflation. [ Read more… ]January 29, 2013
1f54
Business Monitor International (BMI)'s Commodities team recently updated its five-year price forecasts for gold (and all the other commodities we cover). [ Read more… ]January 29, 2013
The outlook for central-bank gold buying looks promising after another month of net buying in December, Macquarie Bank said. [ Read more… ]January 29, 2013
Mining analyst Greg McCoach outlines the bullish case for gold and silver in a half-hour videotaped presentation at Cambridge House's Vancouver Resource Investment Conference in January. [ Read more… ]January 28, 2013
"Federal Reserve officials were largely unaware of the financial crisis brewing in 2007, until they found themselves in the middle of it, transcripts released [Jan. 18] show." This CNN report underscores the notion that the Fed is not always the best source of information to gauge the future direction of the U.S. economy. [ Read more… ]January 28, 2013
I don't think 2013 will be the year in which the bubble bursts -- there is as yet insufficient speculative frenzy, although the market temperature is certainly rising. [ Read more… ]January 28, 2013
Russia and Kazakhstan expanded their gold holdings in December, seeking to diversify their reserves as the metal capped a 12th annual advance and investors raised holdings to an all-time high. [ Read more… ]January 28, 2013
"The way that I look at any market is to look at the buyers and the sellers," Bridgewater Associates founder and billionaire gold bull Ray Dalio tells CNBC in a Jan. 24 interview from the World Economic Forum in Davos, Switzerland, in which he argues that the Federal Reserve's flood of liquidity will be pouring into real assets such as gold. [ Read more… ]January 28, 2013
Gold will rally this year and climb further into 2014 as U.S. Federal Reserve policy makers will probably maintain asset purchases for two more years to buttress the recovery, according to Morgan Stanley. [ Read more… ]
January 25, 2013
The Russian central bank will continue to buy gold as it seeks to diversify its foreign reserves away from paper assets it views as risky, First Deputy Chairman Alexei Ulyukayev said on Thursday. [ Read more… ]January 25, 2013
"The euro crisis seems to be abating and inflation has yet to pick up, but I think that during the second half of the year, the investment interest [in gold] is likely to come back, and also the continuous buying by the central banks is likely to push the prices toward $2,000 if you are talking about 12 months," Commerzbank analyst Eugen Weinberg tells Bloomberg in a Jan. 22 interview. [ Read more… ]January 25, 2013
Continuing economic uncertainties and challenges in production will contribute to a rise in average gold prices to US$1,800/oz this year, according to CIBC analyst Alec Kodatsky. [ Read more… ]January 25, 2013
BlackRock fund manager Evy Hambro believes that both the value of gold equities and the metal itself will rise in 2013. [ Read more… ]January 25, 2013
The gold price is likely to beat previous 2011 records which will result in a strong upwards trends for gold mining equities, according to Tocqueville's Euro Stars AAA-rated gold manager John Hathaway. [ Read more… ]January 25, 2013
Federal Reserve Chairman Ben Bernanke's unprecedented bond buying pushed the Fed's balance sheet to a record $3 trillion as he shows no sign of softening his effort to bring down 7.8 percent unemployment. [ Read more… ]January 25, 2013
Silver's drawing more and more attention as an investment these days, especially from China. [ Read more… ]
January 25, 2013
Oshiro Capital Ltd, based in Tokyo, Japan, has published new forecasts on various commodities such as gold, silver and oil in 2013. [ Read more… ]January 25, 2013
Germany's gold repatriation from New York and Paris is "a very big deal," Jim Rickards of Tangent Capital Partners tells Yahoo! Finance's "Daily Ticker" show in a Jan. 22 interview. [ Read more… ]January 23, 2013
Physical gold demand has been unusually strong for this time of year, with "good buying" from Southeast Asia, according to Standard Bank Plc. [ Read more… ]
January 23, 2013
" Silver over gold: A lot of people have focused very heavily on the gold market," Kingsview Management partner Philip Silverman tells CNBC in a Jan. 22 interview. [ Read more… ]January 23, 2013
The Bank of Japan's latest foray into massive quantitative easing has prompted new talk of a global currency war -- or a race to the bottom to devalue paper money -- from top central banks like the Bank of England and the European Central Bank. [ Read more… ]January 23, 2013
Management noted improvement in the China and the U.S., and continued weakness in Europe. While gold sales were slightly disappointing this year, Freeport expects prices to average $1,700 in 2013, helping them increase sales 40%. [ Read more… ]January 23, 2013
The International Monetary Fund (IMF) has warned again of a weakening global economic recovery despite government efforts to stimulate growth. [ Read more… ]January 23, 2013
Gold could see record average highs this year and next, but its 12-year long bull run may be reaching a plateau as gains get smaller on expectations for monetary policy to stabilize in the United States and other key economies, a Reuters poll showed. [ Read more… ]
January 22, 2013
For a chance to just look at the rarest modern American coin with his own eyes, David Hall will spend $10,000 -- again. [ Read more… ]January 22, 2013
Everyone should keep gold in their portfolios as the precious metal will be able to offer value to investors even in a worst-case scenario, said Marc Faber, the publisher of the Gloom, Boom & Doom report. [ Read more… ]January 22, 2013
Azerbaijan's State Oil Fund plans to double its gold holdings this year to 30 metric tons and invest in real estate in Asian capitals as it diversifies reserves. [ Read more… ]January 22, 2013
"We're positive on gold; we see gold getting higher," OCBC Bank vice president Vasu Menon tells CNBC in a Jan. 21 interview. [ Read more… ]
1f94
January 22, 2013
Five fund managers participated in The Gold Report survey: Frank Holmes of U.S. Global Investors, Brian Ostroff of Windermere Capital, Steve Palmer of AlphaNorth Asset Management, Peter Vermeulen of Plethora Precious Metals Fund and Adrian Day of Adrian Day Asset Management. [ Read more… ]January 22, 2013
Palladium is expected to set a record average high this year and platinum to post its best price performance in two years as South Africa's supply problems worsen and the economic cycle starts to favour industrial metals, a Reuters poll showed on Tuesday. [ Read more… ]January 22, 2013
A day after the government increased the import duty on gold by 2 percentage points to 6 percent, foreign brokerage Nomura has termed the hike as a means to tackle the symptom and not the case since it will shift gold shipments to "unofficial channels." [ Read more… ]January 22, 2013
The Pacific Group Ltd., founded by a former PaineWebber Inc. trader, is converting one-third of its hedge-fund assets into physical gold, betting that prices will go up as governments print more money to pay off debt. [ Read more… ]January 21, 2013
The distinctive oval green sticker on rare coins has become a sought-after designation from Certified Acceptance Corp., or CAC, which ensures the quality of graded coins with its extra stamp of approval that adorn the sealed holders. However, CAC also issues a much-rarer "gold" sticker, according to CAC founder John Albanese in an interview with Coin World editor Steve Roach: [ Read more… ]January 21, 2013
Barron's Roundtable members Felix Zulauf of Zulauf Asset Management and Fred Hickey of The High-Tech Strategist were bullish on gold in 2012, and both are recommending it for the coming year: [ Read more… ]January 21, 2013
India, the world's largest bullion buyer, raised taxes on gold imports to reduce a record current-account deficit and moderate demand for the precious metal that's rallied for 12 straight years. [ Read more… ]January 21, 2013
Germany's repatriation of its gold from the New York Fed and from Paris "is a huge story, in my opinion, that is not a huge story now, but will be a huge story," says "Fast Money" trader Guy Adami in a Jan. 17 CNBC broadcast. [ Read more… ]January 18, 2013
"Our average price for gold for 2013 is between $1,800 and $1,850," Global Hunter Securities' Jeff Wright tells Bloomberg in a Jan. 18 interview. [ Read more… ]January 18, 2013
"We see current prices as being a good entry point to re-establish fresh longs in the gold market before the run up to the debt ceiling debate," strategists Damien Courvalin and Alec Phillips write in predicting $1,825 gold in the next several months because of the looming debt-ceiling impasse. [ Read more… ]January 18, 2013
Investment strategist Gavin Graham says gold should rise from its current price of US$1,689 an ounce to approach the 2011 high price later this year before perhaps hitting US$2,000 in 2014. [ Read more… ]January 18, 2013
Commodities have struggled given the sluggish recovery of emerging market industrial consumption. That demand as it stands today is tepid at best. Oil will likely rebound but that rise will be capped by sluggish global GDP. [ Read more… ]January 18, 2013
The world is moving step by step towards a de facto gold standard, without any meetings of G20 leaders to announce the idea or bless the project. [ Read more… ]January 18, 2013
Japan's government and central bank have agreed to set 2 percent inflation as a new target next week, when the Bank of Japan will also consider making an open-ended commitment to buy assets until the target is in sight, sources familiar with the BOJ's thinking told Reuters. [ Read more… ]January 18, 2013
Germany's repatriation of its gold is "negative for the euro, negative for the confidence in the U.S. economy, and it's a cautionary tale that means that people are flocking to real assets which is gold, and it's an important move," Steel Vine Investments CEO Spencer Patton tells Fox Business in a Jan. 16 interview. [ Read more… ]January 17, 2013
"There are going to be other bubbles that are going to be created by all the money that they're printing, and one of these bubbles is very likely to be in the stock market, where people will panic into stocks because at least they represent real wealth, unlike bonds or dollars," Casey Research chair Doug Casey tells Lauren Lyster of Yahoo! Finance's "Daily Ticker" show. [ Read more… ]January 17, 2013
Iamgold Corp., the gold producer with mines in Canada and Mali, says the metal will rise to a record $2,500 an ounce as global output peaks and ore grades decline. [ Read more… ]January 17, 2013
A confluence of factors suggests the Dow Jones Industrial Average is heading for a 20 percent decline this year, Citi FX Technicals Global Head Tom Fitzpatrick said Thursday on CNBC. [ Read more… ]January 17, 2013
However the crisis is resolved, it will be good for the price of gold. Here's why. [ Read more… ]January 17, 2013
Japan's gold holders may be preparing to cash out of some bullion after the yen's drop has sent domestic prices of the metal soaring, but Prime Minister Shinzo Abe's economic overhauls could provide a fresh demand source in the country later this year if investors seek hedges against inflation. [ Read more… ]January 17, 2013
While moustachioed managers, contrary to the far better insight of their superiors, and mainstream spivs are trying to talk down Germany's somewhat stunning shift in thinking -- i.e. to repatriate its gold -- as nothing but political pandering (or cost-saving); it seems, just as we predicted, the rest of the world are seeing this crack-in-the-confidence-armor the same way we have suggested. [ Read more… ]January 17, 2013
U.S. American Eagle gold and silver coin sales have been exceptionally strong in January, building on a late 2012 rally as collectors scramble to snap up newly minted 2013 coins and investors seek refuge from U.S. economic uncertainty. [ Read more… ]January 16, 2013
Persistent concerns over the health of the U.S. economy and pressure on the dollar will send gold prices to a record average high this year, Thomson Reuters GFMS said on Wednesday, before the metal's 12-year bull run tops out late in the year. [ Read more… ]January 16, 2013
Central banks added 536 metric tons of gold to reserves last year, the most in 48 years, and will buy another 280 tons in this year's first half, Thomson Reuters GFMS said. [ Read more… ]January 16, 2013
While major gold ETFs ... have been lethargic to start 2013, leading some traders to ponder the fate of the yellow metal's 12-year winning streak, some analysts and investors still see upside ahead for gold.
1f97
[ Read more… ]January 16, 2013
India's passion for gold is putting such a strain on state finances that the government may slap higher import taxes on the precious metal, but demand buoyed by heady inflation and meager savings will blunt the impact of any rise in duties. [ Read more… ]January 16, 2013
Boston University Economics Professor Laurence Kotlikoff is worried about America's dire financial situation. [ Read more… ]January 16, 2013
The World Bank cut its global growth forecast for this year as austerity measures, high unemployment and low business confidence weigh on economies in developed nations. [ Read more… ]January 16, 2013
In what could be a watershed moment for the price, provenance, and future of physical gold, not to mention the "stability" of the entire monetary regime based on rock solid, undisputed "faith and credit" in paper money, German Handelsblatt reports in an exclusive that the long suffering German gold, all official 3,396 tons of it, is about to be moved. [ Read more… ]January 15, 2013
John Hummel, chief investment officer AIS Group, thinks that in order for gold's run to be over definitively, investors' "greed gauge" for the metal has to register off the charts. He likened it to the dot-com bubble of the 1990s, where it seemed as if everyone wanted a piece of a frothy stock market. [ Read more… ]January 15, 2013
The United States risks losing its AAA credit rating from Fitch if any deal to raise the legal borrowing limit does not include a plan to put public finances on a more sustainable footing, the ratings agency said Tuesday. [ Read more… ]January 15, 2013
Platinum traded at a higher price than gold for the first time in 10 months Tuesday on news of supply disruptions -- the move reflected the two metals' different outlooks, but some analysts were dubious about the sustainability of a platinum premium over gold. [ Read more… ]
January 15, 2013
"The only way that the government, the central banks, have been able to deal with this economic slowdown is to use liquidity, so that liquidity is inflating certain asset prices," Jeff Sica of Sica Wealth Management tells Fox Business in a Jan. 11 interview. [ Read more… ]January 15, 2013
Iran's Minister of Economic Affairs and Finance Shamseddin Hosseini says the country plans to phase out dollar and euro in its future international transactions after the US and the European Union (EU) imposed sanctions on Iran. [ Read more… ]January 15, 2013
Danske Bank A/S and Credit Suisse Group AG, the most-accurate gold forecasters, say prices will probably peak this year while their nearest rival, UniCredit SpA, sees no end in sight to the 12-year bull market. [ Read more… ]January 15, 2013
Clearly, the stage is being set for a broadening inflationary flare-up. ... Given the prospects of rising inflation and excessive public sector debt in the U.S. and in the euro area, it seems clear that the demand for gold as a reserve asset will remain firm for the foreseeable future. [ Read more… ]January 15, 2013
Demand for gold is likely to rise as the world heads towards a multi-currency reserve system under the impact of uncertainty about the stability of the dollar and the euro, the main official assets held by central banks and sovereign funds. [ Read more… ]January 15, 2013
Federal Reserve Chairman Ben S. Bernanke indicated that the central bank is weighing the potential costs from its $85 billion in monthly purchases of bonds while saying the unorthodox easing bolsters the economy. [ Read more… ]January 15, 2013
The $1 trillion platinum-coin solution to the debt ceiling is an "urban legend," Grant's Interest Rate Observer founder Jim Grant tells CNBC's Maria Bartiromo in a Jan. 10 interview in which he offers a devastating critique of Federal Reserve money printing, fiscal irresponsibility, the national debt, and the folly of abandoning the gold standard. [ Read more… ]January 11, 2013
Gold will climb as much as 14 percent this year and average $1,753 an ounce after posting its longest winning streak in at least nine decades, a London Bullion Market Association poll of traders and analysts showed. [ Read more… ]
January 11, 2013
China, owner of the world's largest foreign exchange reserves, may increase gold holdings to diversify away from the U.S. dollar, a researcher said. [ Read more… ]January 11, 2013
"We've been in a correction for two years," Gold Report editor Tom O'Brien tells CNBC in a Jan. 11 interview. "We're at $1,660. I'm looking -- we're going to go to $1,550." [ Read more… ]January 11, 2013
Silver is expected to appreciate more than gold this year, but traders warn investors may risk getting burned because of the high volatility in the thinly traded metal. [ Read more… ]
January 11, 2013
Turning to the technical outlook, we find gold well-entrenched in a consolidation. [ Read more… ]January 11, 2013
Far be it for me to argue with a Nobel prizewinning economist, members of Congress and however many thousands have signed the White House petition to mint it, but this whole idea of a trillion dollar platinum coin is ludicrous. [ Read more… ]January 11, 2013
Federal Reserve Bank of Philadelphia President Charles Plosser said the central bank's record stimulus risks a surge in inflation and may impair efforts by households to repair their finances. [ Read more… ]January 11, 2013
"What happens when everybody prints [money]? A bubble is created," Fifth Street Finance CEO Len Tannenbaum tells Fox Business in a Jan. 10 interview in which he pushed hard assets including gold to combat looming inflation. [ Read more… ]January 11, 2013
For the second time this week, MarketWatch interviewed Blanchard and Company Vice President David Beahm, this time for a Jan. 11 article headlined " Gold bulls come out of hiding." [ Read more… ]January 11, 2013
"The trend in gold is from the lower left to the upper right," Gartman Letter publisher Dennis Gartman tells CNBC in a Jan. 9 interview when asked whether gold would hit $1,900 this year. [ Read more… ]January 10, 2013
Gold continues to languish as we enter the new year, which is not surprising with all the first quarter optimism generated. [ Read more… ]
January 10, 2013
Barclays have issued their latest precious metals price forecasts for 2013 as follows: Gold: Lack of conviction has tainted gold price action, and gold has struggled to establish its identity as a safe haven asset, instead rallying amid a risk-on environment. The hurdles for gold are mounting from dollar strength to a softer physical market but, in our view, a number of positive macro catalysts still exist that could push prices significantly higher. [ Read more… ]January 10, 2013
The fact that the world governments have pushed out $40 trillion of money (they say it's ten but they are lying) to bail out every market on the planet since 2007 and gold is still rising kind of proves my point. Doesn't it? The fact is ... [ Read more… ]January 10, 2013
Equity markets are expected to continue to deliver positive returns in 2013; success in resource equities remains a case of picking the winning horse; investors need to be selective in picking mega-caps and persistent inflation is a growing threat. [ Read more… ]January 10, 2013
On a day that saw gold end mildly lower near $1,655, just below its 200-day moving average, Blanchard and Company Vice President David Beahm was interviewed by MarketWatch on Wednesday: [ Read more… ]January 9, 2013
"It has been a horrendous performer of late," "Mad Money" host Jim Cramer said of gold in a CNBC broadcast on Jan. 8. "And I hear a million reasons why: i.e., the Fed wants rates lower, the dollar is strong, the chaos in Europe is over, China has stabilized. I have to tell you that every one of those is a pile of hooey," Cramer insisted. "I stand in defense of owning gold." [ Read more… ]January 9, 2013
Michael J. Casey of Dow Jones' FX Trader news service is among the analysts to tackle the proposal -- recently gone viral across the Internet and espoused by pundits such as economist Paul Krugman -- that minting a $1 trillion platinum coin is a way to resolve the debt-ceiling impasse. He wrote at The Wall Street Journal: [ Read more… ]January 9, 2013
"We continue to support a very strong gold price," Fat Prophets analyst David Lennox says in detailing a $2,300-$2,500 forecast in a Jan. 8 interview on CNBC. [ Read more… ]January 9, 2013
Don't be duped by the hawkish chatter! The decision taken just a few weeks ago by the Federal Open Market Committee (FOMC) -- to embark upon a fourth round of quantitative easing ("QE") with open-ended asset purchases totaling $85 billion per month -- resulted from a nearly unanimous vote. Richmond Fed President Jeffrey Lacker provided the sole dissenting vote. [ Read more… ]January 9, 2013
At every juncture, conversations among gold mining executives at the recent China Mining Conference in Tianjin turned toward a single topic: The quest for gold mines overseas. [ Read more… ]January 9, 2013
In a recent investor letter, QB Asset Management explains how an inflationary reset button could slash the real value of the rapidly growing U.S. national debt: [ Read more… ]January 9, 2013
The debasing of currencies is fundamentally bullish for gold, long term. As long as real interest rates remain negative, the fundamentals for gold remain supportive. Right now, gold isn't trading well, as it's consolidating. Iran is selling oil for gold, which in turn is dumped on the market. It should be rangebound, $1,500-$1,800. It needs to break $1,800, and then it will run to $2,200, and new highs. The first positive sign will come once we break above $1750. [ Read more… ]January 9, 2013
Bond guru Jeff Gundlach, founder of Doubleline Capital, recently delivered a presentation on investment prospects in 2013. In it Gundlach, who recently has made bullish calls on gold and gold miners as well as hard assets in general, again sounds off on gold: [ Read more… ]January 9, 2013
Japanese pension funds, the world's second-largest pool of retirement assets after the U.S., will more than double their gold holdings in the next two years as the new government pushes for a higher inflation target, according to an adviser to the funds. [ Read more… ]January 8, 2013
Gold imports by China from Hong Kong almost doubled in November from a month earlier as expectations of an economic recovery and lower prices spurred purchases. [ Read more… ]
January 8, 2013
"Being positioned in 2013 between liquidity and growth is the best risk-reward you're going to get, so platinum, palladium, silver are my top picks at the moment," UBS Wealth Management exec Dominic Schnider tells CNBC in a Jan. 7 interview. [ Read more… ]January 8, 2013
1f55
RBC Capital Markets is calling it: the U.S. is going to lose its triple-A rating from another rating agency. And this one may matter more because it would affect how investors have to look at the government's debt. [ Read more… ]January 8, 2013
"I don't think [ gold] will go up right away, and we maybe have a correction of 10 percent or so on the downside," Marc Faber, the publisher of The Gloom Boom & Doom Report, said in a "Squawk Box" interview. "But I see that governments will print money ... so I want to have gold as an insurance policy." [ Read more… ]January 8, 2013
Weaker gold prices at the beginning of 2013 sparked buying in Asia's physical bullion market as customers prepared for upcoming Lunar New Year holiday demand. [ Read more… ]January 8, 2013
Sales of U.S. American Eagle gold coins in 2012 were the weakest in five years despite a strong finish, hurt by declining price volatility and an improving U.S. economic outlook, dealers said. [ Read more… ]January 7, 2013
The price of gold may have come under increasing pressure in past weeks with concerns that the Federal Reserve's loose monetary policy may be coming to an end, but analysts have told CNBC that the precious metal can still break through the $2,000 mark in the long term. [ Read more… ]January 7, 2013
The bottom line is grassroots physical gold and silver investment demand remains robust to strong. This is despite the recent months' atypical weakness in the precious metals. The US Mint continues to sell lots of gold and silver Eagles to coin dealers, who would only be ordering them if they had demand from investors. Actual coin volumes look fine, but the capital being poured in at today's prices is quite impressive. [ Read more… ]January 7, 2013
" Gold we think at the moment is at the bottom of its trading range and should just rebound," BBY analyst Mike Harrowell tells CNBC in a Jan. 6 interview. [ Read more… ]January 7, 2013
"There's still room for gold as a hedge," State Street Global Advisors exec Hon Cheung tells CNBC in a Jan. 6 interview. [ Read more… ]January 7, 2013
Coin World provides The Wall Street Journal with a "Classic U.S. Rarities Key-Date Investment Index" for use in its annual investment scoreboard. [ Read more… ]January 7, 2013
"I think there's a high probability" that gold could hit $2,000 this year, U.S. Global Investors CEO Frank Holmes says in a Jan. 7 CNBC interview. [ Read more… ]January 7, 2013
For all the money unleashed by the world's printing presses that is now sloshing around, it is easy to forget that we still have not solved any of our fiscal problems. [ Read more… ]January 7, 2013
Turkey's gold exports rose nearly 800 percent last year on the back of soaring sales to Iran and the trade will continue, despite tightening U.S. sanctions on Tehran, Turkey's economy minister said on Friday. [ Read more… ]January 7, 2013
Gold investors are making a major mistake if they conclude that yesterday's release of Federal Reserve minutes indicates that a cessation of quantitative easing is likely by midyear, or even by year's end. [ Read more… ]
January 7, 2013
China's biggest gold miner, the state-controlled National Gold Group said its sales reached 100.6 billion yuan ($16 billion) in 2012, up 27.1 percent from 2011. [ Read more… ]January 7, 2013
Major bullion bank HSBC Holdings Plc cut its 2013 average gold price after factoring in a 2012 year-end price of $1,675 an ounce. [ Read more… ]January 7, 2013
" Gold has really been in a trading range for the past year and a half, but it's done this several times in its bull market of the last decade," AIS Group chief John Hummel tells CNBC in a Dec. 20 interview. [ Read more… ]December 21, 2012
Gold is the favored commodity of 2013 with more than 80% of gold executives expecting to see a rise in the price of gold. An analysis of the 46 largest TSX-listed gold mining companies showed that more than 20 of these gold companies have cash reserves greater than $500 million. [ Read more… ]
December 21, 2012
Gold, in particular, had many reasons to rally, but didn't perform as well as most analysts expected, while silver did well. Both could do better in 2013. [ Read more… ]
December 21, 2012
Private investors in Switzerland, Austria and Germany are lining up to buy gold bars the size of a credit card that can easily be broken into 1-gram pieces and used as payment in an emergency. [ Read more… ]December 21, 2012
Iraq made its first major move in years to bolster its gold reserves in recent months, while Brazil increased its holdings of bullion by almost a third in November, data from the International Monetary Fund showed on Thursday. [ Read more… ]December 21, 2012
The original calculation of CPI, which measured the change in the cost of an identical fixed basket of goods priced at prevailing market costs each period, worked reasonably well for the intended purpose into the early-1980's. However, as the pressure of increasing deficits weighed on political parties, the need to find solutions to reducing spending, without actually cutting spending, led to several substantial changes in the calculation of inflation. [ Read more… ]December 21, 2012
Gold expert John Butler of The Amphora Report and author of the book " The Golden Revolution" serves up some tongue-in-cheek holiday humor with this 10-point list on why paper funny money from the Federal Reserve and other central banks is superior to gold bullion -- not! [ Read more… ]
December 21, 2012
"As we head into 2013, a 12% to 15% rate of return for the year is highly probable," McAlvany Financial Group CEO David McAlvany tells CNBC in a Dec. 19 interview in which he sets a $2,300 gold-price target. [ Read more… ]December 20, 2012
If investors want to know where the price of gold is headed in 2013 and beyond, they need only to keep an eye on the global money printers. If those keep whirring away, gold will move higher, says a manager at a top BlackRock gold fund. [ Read more… ]December 20, 2012
Just a month ago, gold looked ready to head back to its old highs following a short-term technical breakout and resumption of the long-term trend. Then concerns over global deflation knocked the market down hard, negating the breakout and sending prices tumbling. [ Read more… ]December 20, 2012
Silver prices will rise as much as 29 percent to $40.25 an ounce next year, based on the median of 49 analyst, trader and investor estimates compiled by Bloomberg. [ Read more… ]
December 20, 2012
Deepak Narula's mortgage-bond fund is up 39 percent this year. George Sanchez's monthly annuity payout is down 41 percent. [ Read more… ]December 20, 2012
Japan delivered its third shot of monetary stimulus in four months on Thursday, in a prelude to more aggressive action next year as it faces intensifying pressure from the country's next leader for bolder action to beat deflation. [ Read more… ]December 20, 2012
Brazil has doubled its official gold holdings in just three months since August, as central banks in emerging markets continue to stock up on bullion to diversify their growing international reserves. [ Read more… ]December 20, 2012
"What you have to do is understand what's happened to the gold market over the course of the last few years," Bull and Bear Partners CEO Jack Bouroudjian tells CNBC in a Dec. 18 interview. [ Read more… ]December 19, 2012
Gold's dip in the wake of a fresh round of monetary stimulus from the Federal Reserve has been "a head scratcher," KKM Financial CEO Jeff Kilburg tells Yahoo! Finance's "Breakout" in a Dec. 19 interview. [ Read more… ]
December 19, 2012
"I am still positive" on gold, economist Marc Faber of the "Gloom, Boom, and Doom Report" tells Fox Business in a Dec. 18 interview. [ Read more… ]December 19, 2012
"The Fed has tied interest-rate policy to the amount of unemployment that we have -- it has to be at 6.5%," Steel Vine Investments CEO Spencer Patton tells Fox Business in a Dec. 18 interview. [ Read more… ]December 19, 2012
I don't think the gold bull market will end anytime soon. I believe that much of the recent gold exit has been a reaction to the impending tax changes on Jan. 1, when tax rates will go up unless there is congressional action. I don't think very many investors are selling physical gold or silver. I do think people are selling paper and electronic gold to lock in gains and pay capital gains at the lower 2012 tax rate. It is tax-driven selling, not a reflection that the world's monetary or economic system is getting well. [ Read more… ]
1fbc
December 19, 2012
Julian Jessop of London-based Capital Economics is sticking by his view that this extra QE will have little effect on commodities, that the boost from monetary policy for base metals and oil has run its course. [ Read more… ]December 19, 2012
In August 2011, Standard & Poor's took the unprecedented step of slashing the top U.S. credit rating as Congress and the White House failed to tackle the debt-ceiling problem. The downgrade bashed the dollar and sent gold to its all-time nominal high above $1,920. Now another ratings agency has issued a similar warning this week as Washington is mired in fiscal-cliff wrangling. Will gold soar in 2013 on another shocking U.S. downgrade? [ Read more… ]December 19, 2012
Gold fell sharply before stabilizing near $1,675 Tuesday as fiscal-cliff talks continue to flounder, with House Speaker John Boehner touting his "Plan B" and criticizing President Obama. [ Read more… ]
December 19, 2012
Investors almost doubled purchases of commodities this year, at a time when Goldman Sachs Group Inc. and Morgan Stanley are forecasting higher prices and Citigroup Inc. says the best returns are over. [ Read more… ]December 18, 2012
A small number of pension funds in Japan have started to invest in gold for the first time, largely to mitigate the damage from possible market shocks. [ Read more… ]December 18, 2012
"I doubt very much that you're going to do much to alleviate the debt that we have in place governmentally," says "Wall Street legend" Louise Yamada in a Dec. 18 CNBC interview that discusses gold's dip Tuesday. [ Read more… ]December 18, 2012
In "This is Spinal Tap," the spoof documentary about a heavy metal rock band, there is a Marshall amplifier with a volume control which goes all the way up to 11. [ Read more… ]December 18, 2012
In spite of rapid development in the Chinese silver market over the past decade, both silver demand and supply are expected to achieve further growth, says a Thomson Reuters GFMS study released Thursday by the Silver Institute. [ Read more… ]December 18, 2012
Japan's incoming leader Shinzo Abe has vowed to ram through full-blown reflation policies to pull his country out of slump and drive down the yen, warning Japan's central bank not to defy the will of the people. [ Read more… ]December 18, 2012
"In America people primarily prefer the American gold Eagle," David Lisot of Coinweek tells Fox Business in a Dec. 14 interview that discusses the U.S. Mint's 130% month-over-month increase in Eagle sales in November 2012 versus the same month in 2011. [ Read more… ]December 18, 2012
Relatively speaking, gold is on sale right now. From its most recent price above $1,900, buying gold today is like slapping a 10% off sticker on the 2011 high. But there are more immediate price targets that we'll want to keep an eye on -- one that may offer an even more substantial savings. [ Read more… ]December 18, 2012
Rebecca Patterson, chief investment officer at Bessemer Trust, says recent weakness in the yellow metal is creating a great buying opportunity. [ Read more… ]December 18, 2012
"The outlook still points toward higher [ gold] prices," Saxo Bank strategist Ole Hansen tells Bloomberg in a Dec. 14 interview. [ Read more… ]December 18, 2012
The price of gold will average $1,900 an ounce in 2013, according to a forecast from UBS. [ Read more… ]December 18, 2012
Take seven recent research reports on the outlook for gold from top-ranked investment banks and consultants and you'll find one thing in common: Virtually no mention of China and India. [ Read more… ]December 18, 2012
The Federal Reserve keeps buying up all the excess Treasuries. People have no idea how dangerous this is, but they will find out when inflation goes crazy. [ Read more… ]December 18, 2012
Smith & Williamson Investment Management Global Gold fund manager Ani Markova says she is bullish on gold bullion prices. [ Read more… ]December 18, 2012
Armstrong Investment Managers predicts the price of gold could soar by 15 percent by the end of the year. [ Read more… ]December 18, 2012
Rare U.S. coins aren't just in high demand stateside. A 1796 "With Pole" copper half cent valued at almost $50,000 (or 30,000 British pounds) has drawn the attention of collectors in England.
1f4c
[ Read more… ]
December 17, 2012
The news media this time of year are rife with stories about "rare" gold coins being dropped as generous donations into the red kettles of Salvation Army bell ringers. [ Read more… ]December 17, 2012
The Government Accountability Office in November told a subcommittee of outgoing Congressman Ron Paul's House Committee on Financial Services that the U.S. can save up to $4.4 billion over 30 years by replacing $1 bills with $1 coins, partly because the coins last longer. [ Read more… ]December 17, 2012
Gold rose on Wednesday as its inflation-hedge appeal received a boost after the U.S. Federal Reserve took an unprecedented step to commit to near-zero interest rates as long as unemployment remains high. [ Read more… ]
December 12, 2012
"Quite frankly, I love precious metals," Knight Capital managing director Peter Kenny tells Fox Business in a Dec. 10 interview on the fiscal cliff. [ Read more… ]December 12, 2012
Gold, copper, silver, platinum and palladium will outperform other commodities next year on easing by the U.S. Federal Reserve and supply constraints, according to Bank of America Corp. [ Read more… ]
December 12, 2012
Germans are increasingly buying gold because of fears about economic uncertainty and a third of them are now considering gold as part of their investments, a study from German precious metals group Heraeus Holding GmbH said on Tuesday. [ Read more… ]December 12, 2012
By 2030 China will blow past America as the world's largest economy and global power will shift decidedly in favor of Asia, a new report from the U.S. intelligence community forecasted on Monday. [ Read more… ]December 12, 2012
1f63
"You may be among those investors who had the opportunity, but did not seize it, to buy gold cheap in the early 2000s. You may also be willing, but hesitant, to do so at current prices, while still desiring the "anti-crash insurance" it represents. However, you should be aware that the yellow metal is increasingly valued as a reserve asset, which will tend to push the price up, independently of all other factors. Due to new regulations, you may also have to bid in the future alongside financial institutions, including several banks, to acquire it." [ Read more… ]December 12, 2012
CRT Capital is out with its yearly Hawk-O-Meter and the lineup for the FOMC in 2013. [ Read more… ]December 12, 2012
Now the gold bug appears to be catching in Latin America. [ Read more… ]December 12, 2012
After a prolonged sell-off in gold, prices have started climbing again this week. For Barclays Research, this has been a time for introspection on its outlook for the yellow metal. They have now concluded that the sell-off rally was overstretched and perhaps it is time to start buying gold again changing their view from desperation on fall in prices to recent cautiously bullish to bullish view -- thereby completing a circle. [ Read more… ]December 12, 2012
" Gold's not broken down; it's not technically damaged," "Money in Motion" contributor Todd Gordon tells CNBC in a Dec. 7 presentation. [ Read more… ]December 10, 2012
For now, investors are more concerned about taxes going up next year than they are about a potential doomsday on Dec. 21, 2012. [ Read more… ]December 10, 2012
In a recent article, John Tamny, editor of RealClear Markets, calls the Fed's quantitative easing program "the monetary policy of the adolescent." [ Read more… ]December 10, 2012
It must be pointed out that gold is certainly no longer the bargain it was at the lows over a decade ago (at which time Warren Buffett undoubtedly hated it just as much as today). This is by no means akin to saying that there is no longer a bull market in force though. The bull market can of course take a breather, even an extended one, at any time. That is something we obviously cannot know for certain -- market perceptions are notoriously fickle in the short term. [ Read more… ]December 10, 2012
One follower of gold guru Jim Sinclair's widely respected metal Web site wrote to alert Sinclair of a poll showing that gold is one of the top investments in France: [ Read more… ]
1f7c
December 10, 2012
The Federal Reserve is set to take more action this week to support financial markets and the economy, as the central bank tries to stay predictable given all the uncertainty surrounding the fiscal cliff. [ Read more… ]December 10, 2012
Policy makers at Sweden's 344-year-old Riksbank and elsewhere are arguing about how far they can look beyond their price mandates and focus instead on economic growth, employment or financial stability when inflation threats are either not pressing or deemed to be passing. This marks a shift from three decades in which central bankers battled inflation, an enemy they understood so well that most made it their singular emphasis in the 1990s. [ Read more… ]December 10, 2012
Angus Geddes was one of the first Australian analysts to stick out their necks and predict gold would hit the magic $1,000 an ounce mark. [ Read more… ]December 10, 2012
We most often hear about the alarming $15.96 trillion national debt (more than 100% of GDP), and the 2012 budget deficit of $1.1 trillion (6.97% of GDP). As dangerous as those numbers are, they do not begin to tell the story of the federal government's true liabilities. [ Read more… ]December 10, 2012
The Federal Reserve is widely expected to announce on Wednesday that it will continue buying Treasury securities to stimulate growth in the new year. [ Read more… ]December 10, 2012
UBS AG said its expectation of additional quantitative easing next week by the Federal Reserve is not priced in in the gold market, so "any aggressive move by the Fed would prompt a sizeable response." [ Read more… ]December 7, 2012
Silver's more popular and volatile than ever, ready to finish the year with gains more than double those of gold, as the industrial staple wins more favor as an investment asset. [ Read more… ]
December 7, 2012
The Fed will be adding half a trillion dollars a year until who knows when and probably won't start raising short-term rates until 2014 at the earliest. Most of that additional money will go into bank reserves, along with the $2 trillion the Fed already has added. [ Read more… ]December 7, 2012
A decision by the Federal Reserve to expand its bond buying next week is likely to prompt policy makers to rewrite their 18-month old blueprint for an exit from record monetary stimulus. [ Read more… ]December 7, 2012
The latest research note on gold from investment bank Goldman Sachs -- in which they see the gold bull market coming to an end in the months ahead -- might be taken much more seriously if not for two factors: [ Read more… ]December 7, 2012
The factors pushing down gold prices are temporary and the precious metal will ultimately rally to $3,000, $5,000 or even more per ounce in the near future, says Peter Schiff of Euro Pacific Capital in an appearance on Yahoo! Finance's "Daily Ticker" show. [ Read more… ]December 7, 2012
Gold, silver and corn will outperform other raw materials next year as a weaker dollar and rising investor demand bolster precious metals while supply curbs aid grains, Morgan Stanley said, listing top picks for 2013. [ Read more… ]
December 6, 2012
Gold prices will start another epic run beginning Dec. 12 -- the day the Federal Reserve will double down on QE3 at its Federal Open Market Committee (FOMC) meeting. [ Read more… ]
December 6, 2012
Standard Chartered Plc, which gets most of its revenue in Asia, increased its global commodity headcount by 25 percent this year and is adding more as demand expands in China, the top user of energy and copper. [ Read more… ]December 6, 2012
A number of market analysts and gold-industry insiders are warning about a possible shortage of gold supply. ... There are some clear implications for us investors: [ Read more… ]December 6, 2012
I just ran this exercise for my subscribers, and came up with a chart showing the minimum target price of gold at $2,200 an ounce (oz) and over $3,000/oz on the high end by the end of 2013. [ Read more… ]December 6, 2012
Gold has had a lackluster year despite some pretty favorable conditions, and on Wednesday, Goldman Sachs called the end of the yellow metal's decade-long rally. But maybe you should take a page from George Costanza's book and do the opposite the Vampire Squid says, instead taking Nomura's advice and buying gold ahead of next week's Federal Reserve meeting where more easing will probably be announced. [ Read more… ]
December 6, 2012
Gold prices will likely stay rangebound in the near term into next year as the European debt crisis continues to pose an economic threat, although prices may rise under potential central bank expansionary measures in 2013, Deutsche Bank metals research head Daniel Brebner said Thursday.
1f77
[ Read more… ]
December 6, 2012
Paul Mylchreest's occasionally-produced Thunder Road Report always makes for fascinating reading and delivers insights into the markets which most mainstream analysts miss -- or choose to ignore. [ Read more… ]December 6, 2012
BNP Paribas on Thursday trimmed its outlook on gold prices in 2013, forecasting the metal's price will enter a downtrend after new record highs are reached next year. [ Read more… ]December 6, 2012
Gold hasn't been trading like a safe haven lately, leaving investors to wonder whether it still is one. [ Read more… ]
December 5, 2012
Gold is heading to $5,000 or higher and silver to $200, says Goldcorp founder and McEwen Mining CEO Rob McEwen. [ Read more… ]
December 5, 2012
The Bank of Korea increased gold reserves 20 percent last month to diversify investments, boosting holdings for the fourth time since June 2011 and underscoring increased demand by central banks. [ Read more… ]December 5, 2012
Billionaire Bill Gross, the managing director of PIMCO, one of the largest fixed-income investment companies in the world, and the man charged with stewarding the world's biggest bond fund in the PIMCO Total Return Fund during these dangerous times has once again recommended that investors buy gold. [ Read more… ]December 5, 2012
"The reality is we see that the [ gold] market continues to be volatile, but we do expect to continue to see small but gradual increases, and the fact of the matter is consumer demand remains strong in spite of that," Blue Nile CEO Harvey Kanter tells CNBC in a Dec. 4 interview. [ Read more… ]December 5, 2012
While raising the US debt ceiling has not gotten as much attention -- yet -- as the risk of falling off the fiscal cliff, it soon will. The limit will likely be hit by year end. And if Congress fails to raise the borrowing cap, the Treasury would likely run out of money-management options to avoid a default some time in the February.
1f59
[ Read more… ]December 5, 2012
Deutsche Bank is maintaining its bullish stance on gold. Here is their reasoning: [ Read more… ]December 4, 2012
Commenting on a Dec. 3 Bloomberg article titled "Treasury scarcity to grow as Fed buys 90% of new bonds," gold guru Jim Sinclair of JSMineset.com wrote: "There could be no scarier words than the Fed buying 90% of newly issued Treasury instruments. This article, if proved true as a trend, is a foundation set in cement for gold trading at and above $3,500. All other supportive arguments on gold will take it higher." [ Read more… ]December 4, 2012
Gold may gain as businesses temper spending and stimulus falls short, John Gilbert, chief investment officer at General Re-New England Asset Management, a unit of Warren Buffett's Berkshire Hathaway Inc., wrote in a newsletter. [ Read more… ]
December 4, 2012
India's penchant for gold jewellery does not seem to be fading away any time soon, despite the fact that the Indian government seems intent on curbing sales of the precious metal. [ Read more… ]December 4, 2012
If you own a gold fund, you've probably heard about the big gains gold bullion has made this year. You may also be wondering why your gold fund hasn't shared in any of those gains. [ Read more… ]December 4, 2012
"First and foremost, you have to remember, we've been rallying for over 10 years now in gold, and we have yet to see any kind of long-term speculative blowoff phase," says MacNeil Curry of Bank of America Merrill Lynch in a Nov. 30 CNBC interview. [ Read more… ]December 3, 2012
There are three key reasons to have exposure to gold bullion. The traditional reason is to protect against inflation. We're printing money. More quantitative easing has taken place and inflation looks to be coming down the pike. I buy groceries. I pay for gas. I can see inflation. I firmly believe it's going to get higher over the coming months and years. Buying gold as a protection against inflation is realistic. [ Read more… ]December 3, 2012
Scottish investors are going for gold and aiming for oil as disintegrating confidence in the UK economic outlook drives more money into commodities, a report out today reveals. [ Read more… ]December 3, 2012
206f
Whether or not you should join the gold rush depends almost entirely on your view of real interest rates (in other words, the rate you can expect after inflation). [ Read more… ]December 3, 2012
Swiss megabank Credit Suisse, whose assets are orders of magnitude greater than Swiss GDP, in what will be a precedent copied by all other Swiss banks, just imposed negative credit rates on cash clearing balances after December 10 as per the message sent to clients below. [ Read more… ]December 3, 2012
November sales of U.S. American Eagle gold coins are set to be the strongest in 14 years as uncertainty surrounding the U.S. fiscal crisis and the presidential election triggered safe-haven buying, dealers said. [ Read more… ]November 30, 2012
Though gold futures have yet to recover from their $26/oz drop earlier this week, prices will continue to trend higher next year, partly from demand by exchange-traded funds, analysts with Commerzbank said Friday. [ Read more… ]November 30, 2012
Global gold demand in 2013 should be led by further strength in Chinese demand and a recovery in India, helping the precious metal continue its bull run into its 13th year, the industry-backed World Gold Council said Friday. [ Read more… ]November 30, 2012
Hard Assets Investor: Looking toward 2013 and beyond, what do you see as the biggest drivers of gold? [ Read more… ]
November 30, 2012
One of the more relevant aspects of Basel III for our portfolios is its treatment of gold as an asset class. Documents posted by the Bank of International Settlements (which houses the Basel Committee) and the United States FDIC have both referenced gold as a "zero percent risk-weighted item" in their proposed frameworks. [ Read more… ]November 30, 2012
Indian households have piled up as much as 20,000 tonnes of gold, worth $1.16 trillion, an historic high. This shows that the government's efforts to trim overseas purchases of the idle asset by imposing an import duty and raising it in short intervals to reduce the current account deficit (CAD) haven't yielded the desired results. [ Read more… ]November 30, 2012
Gold will probably surge, along with the dollar, should U.S. lawmakers fail to reach a deal on reducing the U.S. budget deficit, an analyst has forecast. [ Read more… ]
November 30, 2012
China will allow over-the-counter gold trading between banks for the first time Monday, a significant financial reform for the world's second-largest buyer of the precious metal.
1f84
[ Read more… ]November 30, 2012
Commodity markets, particularly gold and oil, have been clinging to hope that the U.S. government will strike a deal to avoid the so-called fiscal cliff, but starting to trade as if it won't. [ Read more… ]November 29, 2012
America's indebtedness and repeated monetary easing is a matter of grave concern, but gold offers a glimmer of hope in these times, according to China Investment Corp (CIC) president Gao Xiqing. [ Read more… ]November 29, 2012
The Fed has effectively inaugurated QE infinity, buying securities until unemployment is brought down to some satisfactory level. [ Read more… ]November 29, 2012
"We're going to see $1,800, $1,850 [ gold] -- we're talking late December," Michael Dudas, a top-ranked analyst at Sterne Agee, tells CNBC's Jackie DeAngelis in a Nov. 29 interview. [ Read more… ]November 29, 2012
If you read about it on the blogosphere, you might think China is the ultimate stealth weapon for gold bulls. But the theory that the country's central bankers are quietly secreting away a much bigger gold stash than the rest of the world knows also has a mainstream following. [ Read more… ]November 29, 2012
It seems that gold may be destined to be the winner, whether or not a deal to avert the fiscal cliff is reached by the end of the year. [ Read more… ]November 29, 2012
Federal Reserve Bank of New York President William C. Dudley said he is weighing "unacceptably high" joblessness as he considers whether the central bank should increase its asset purchases. [ Read more… ]November 29, 2012
A rare colonial Massachusetts silver coin found by an East Hampton, N.Y., woman in an old potato field almost 23 years ago has been sold for more than $430,000 in Baltimore, Md. [ Read more… ]November 29, 2012
PCGS writers Charles Morgan and Hubert Walker have paid tribute to one of the greatest American coin series as it marks its centennial. [ Read more… ]
1f47
November 29, 2012
The Professional Coin Grading Service recently offered up an overview of President Abraham Lincoln's importance in the history of U.S. coinage, concluding: [ Read more… ]November 29, 2012
Gold futures tumbled more than 1.5% in a matter of minutes during U.S. morning hours on Wednesday, with some traders citing a "fat finger" occurred at a large U.S. bank. [ Read more… ]
November 28, 2012
Gold fundamentals remain strong going into 2013, and while I don't expect gold to trade to $2,100/oz tomorrow, I do expect gold to appreciate significantly. [ Read more… ]
November 28, 2012
"Let's look at the quantitative-easing aspect," Killir Kapital Management CEO Jeff Kilburg tells Yahoo! Finance's "Breakout" in a November interview in which he predicts gold can clear $2,000. [ Read more… ]November 28, 2012
Yra Harris is called a "trader's trader." He says the latest deal on Greek debt is just "pretend and extend. ... The real problem is Spain because they're big, they're in debt and they have 27% unemployment." [ Read more… ]November 28, 2012
Congress must raise the debt ceiling before the end of February, and possibly sooner. If it doesn't, the United States risks defaulting on its payments to creditors. [ Read more… ]November 28, 2012
The co-chairman of President Barack Obama's 2010 fiscal commission said it's unlikely the president and Congress will reach a deal by the end of this year to avert the so-called fiscal cliff. [ Read more… ]November 28, 2012
The next hurdle for the market is in a zone around $1,800, a resistance level set by short-term highs made in November 2011, February 2012 and early last month. If the bulls are successful there, I see no technical reason why it will not top last year's all-time high of $1,923 within just a few months. [ Read more… ]November 27, 2012
"I'm relatively confident [ gold] will start to pick up in 2013. Going longer, I see the economic situation getting worse because of the massive debt and government's inability to deal with it." [ Read more… ]November 27, 2012
Gold demand in top buyer India is expected to rise as much as 23% from a previous estimate due to a revival in purchases during the festive season and signs of a revival in economic growth, a senior industry executive said.
1fb7
[ Read more… ]
November 27, 2012
Although gold demand slowed from the previous year, total demand still increased from the prior quarter by 10 percent. [ Read more… ]November 27, 2012
China aims to have domestic gold production reach 450 metric tons by the end of 2015, a rise of around 25% from 2011, the Ministry of Industry and Information Technology said Monday. [ Read more… ]November 27, 2012
Turkey on Friday acknowledged that a surge in its gold exports this year is related to payments for imports of Iranian natural gas, shedding light on Ankara's role in breaching U.S.-led sanctions against Tehran. [ Read more… ]November 27, 2012
Veteran investor Caesar Bryan says Japanese retail investors will buy up gold en masse as the country's politicians push to keep the yen low. [ Read more… ]November 27, 2012
Buying your true love each item from classic Christmas song "The 12 Days of Christmas" will be more expensive than ever this year. [ Read more… ]November 27, 2012
"I don't know if it's two years, three years, it's hard to put a timetable on it, but I do believe that gold will ultimately eclipse $5,000," Euro Pacific Capital chief Peter Schiff tells CNBC in a Nov. 20 interview. [ Read more… ]November 21, 2012
Gold prices are likely to continue strengthening through the rest of this year and into 2013 with prices stabilizing around $1,800 a troy ounce in the next few months, Societe Generale analyst Robin Bhar said in a report late Tuesday. [ Read more… ]
November 21, 2012
"We see cost of production for many commodities on the rise, and that should support a broader price rise and stronger prices going forward," ANZ analyst Nicholas Trevethan tells the BBC's Asia Business Report in a late November interview. [ Read more… ]November 21, 2012
For gold investors, it means that 2013 is looking extremely bullish from a macroeconomic perspective. The European Union is in a precarious state, which means that investors will keep buying gold as a hedge against currency devaluation; the United States will likely continue its easy monetary policy, meaning that investors will continue stocking up on gold as a hedge against inflation; and China is signaling a domestic pro-growth agenda, meaning that Chinese physical purchases of gold as a store of value will continue unabated. [ Read more… ]November 21, 2012
Brazil raised its gold reserves for a second month in October to the highest level in more than 11 years as emerging nations from Kazakhstan to Russia boosted holdings by more than 40 metric tons. [ Read more… ]November 21, 2012
State Rep. Jerry O'Neil, R-Mont., grabbed some headlines last week when he wrote a letter requesting to be paid his legislator's salary in gold and silver coins, not U.S. dollars. Some of the mainstream media portrayed him as an oddball, but it's hard to argue with his math when you watch him comment on the U.S. national debt and -- even more importantly -- how a roll of gold American Eagles he bought for $3,600 has appreciated in value to about $18,000: [ Read more… ]November 20, 2012
Even though dollar gold prices are relatively strong, ScotiaMocatta, the gold bullion banking division of Scotiabank, observes that gold in a host of currencies has reached record highs this year. [ Read more… ]November 20, 2012
Today's economic climate "is an analogous period to 1937 in the sense that we've gone a long way to fixing the problems but now we have some elevated risks to the system just due to the extended sovereign balance-sheet situation, and so therefore that does elevate gold in our thinking," Jevons Global founder Kingsley Jones tells CNBC in a Nov. 20 interview. [ Read more… ]November 20, 2012
Gold's 12-year rally, the longest in at least nine decades, is poised to continue in 2013 as central bank stimulus spurs investors from John Paulson to George Soros to accumulate the highest combined bullion holdings ever. [ Read more… ]
November 20, 2012
"The Fed is more predictable than it has been since World War II," Cumberland Advisors CIO David Kotok tells Fox Business in a Nov. 15 interview. [ Read more… ]November 20, 2012
Inflation has occurred very quickly, very rapidly, very suddenly many times in the past, just in recent history. [ Read more… ]November 20, 2012
My three favorite assets are, in no particular order, gold, gold and gold. After that, there may be silver, and after a long gap of nothing there could be -- if one really stretches the imagination -- certain equities or commercial real estate. [ Read more… ]November 20, 2012
1f65
It's not looking good for the U.S. dollar over the long term. This week Bloomberg reported that the International Monetary Fund is considering classifying the Canadian dollar, or so-called loonie, and Australia's dollar as reserve currencies. [ Read more… ]November 20, 2012
"The euro is stronger than the dollar in the long run because they're not printing as much money," Merk Investments chief Axel Merk tells Fox Business in a Nov. 16 interview. [ Read more… ]November 20, 2012
UBS is pretty bullish on gold. We have got a high price point of USD 1,900 an ounce about the middle of next year. It is floundering at USD 1,730 an ounce at the moment. I think probably the strongest case for gold, over the next couple of months, will relate to the fiscal cliff concern in the US. [ Read more… ]November 20, 2012
Precious metal enthusiasts who are concerned about whether or not silver investment demand will remain strong in the future ... shouldn't be. From the data I am gathering, we are just beginning to see how large of a force silver investment demand will be in the upcoming years. [ Read more… ]
November 20, 2012
Aggressive Federal Reserve easing will still be appropriate and justified "for some time" even if Congress avoids sending the economy over the fiscal cliff, said Dennis Lockhart, the president of the Atlanta Federal Reserve Bank, on Friday. [ Read more… ]November 20, 2012
John Ing, CEO of Toronto-based Maison Placements -- a boutique investment dealer that specializes in commodities -- doesn't buy the bearish talk and he isn't about to relinquish his status as one of Bay Street's best-known gold perma-bulls. [ Read more… ]November 20, 2012
Treasury Secretary Timothy Geithner said Friday that Congress should stop placing legal limits on the amount of money the government can borrow and effectively lift the debt limit to infinity. [ Read more… ]November 20, 2012
It was a surprise to suddenly hear from my gold guru that he had decided to go back in and replace the 50% of his holdings he sold some two years ago. I asked the reason why? Because all I see is deflation and austerity, a cutting back on government spending in Europe, in America, in Japan and elsewhere. [ Read more… ]November 20, 2012
Mark Twain wasn't writing about the gold market when he made his famous quote about historical recurrence, but he could have been, as the gold market has been "rhyming" every 21 months.
1f69
[ Read more… ]November 16, 2012
Silver prices may rise as much as 38 percent in 2013 from current levels, as a weak global economy spurs safe-haven demand for the precious metal, the global head of metals analytics at GFMS, a Thomson Reuters unit, said Wednesday. [ Read more… ]
November 16, 2012
If the U.S. puts itself on a path to a controlled deficit, I actually think the dollar becomes much stronger and gold in dollar terms will be challenged. Gold in euro terms or yen terms will be a very good buy. It's the nature of the currencies and the way those countries will have to respond to their particular crisis. [ Read more… ]November 16, 2012
The simple reason why governments never freely decide on fiscal responsibility is because fixing their well-entrenched problems of over borrowing and spending means that their already fragile economies would be temporarily thrown over a cliff. [ Read more… ]November 16, 2012
What is the world coming to when Reuters issues a report detailing how more and more Americans are investing in the currency of that country we invaded: Iraq. [ Read more… ]November 16, 2012
A slew of negative economic data has emerged since the presidential election, from a rise in jobless claims to glum manufacturing reports. For a rundown, see this compilation from Michael Snyder's Economic Collapse blog, which he calls "the worst economic numbers in more than a year." Now the Fed is asking banks to test their solvency under the extremely dire conditions. Is this a hint of what's to come?: [ Read more… ]November 16, 2012
Prominent hedge fund manager John Paulson kept a major stake in gold in the third quarter of 2012, a confidence boost to bullion's appeal as a hedge against economic uncertainty, a U.S. regulatory filing showed on Thursday. [ Read more… ]November 15, 2012
India's gold demand revived in June-September quarter 2012. According to data compiled by the World Gold Council (WGC), gold demand totalled 223.1 tonnes, up 9% year-on-year from 204.8 tonnes in Q3 2011. China, which had once surpassed India in gold demand two quarters ago has fallen apart with its demand actually falling in Q3. [ Read more… ]November 15, 2012
Industrial metals will rally through the middle of next year as the economy strengthens in China, the biggest user of everything from aluminum to zinc, according to the most accurate price forecaster tracked by Bloomberg. [ Read more… ]November 15, 2012
Gold will probably rally to a record above $2,000 an ounce next year as central banks ramp up stimulus to sustain the recovery, according to Raymond Key, London-based global head of metals trading at Deutsche Bank AG. [ Read more… ]
November 14, 2012
" Gold is going to figure largely particularly in this next quarter with the fiscal cliff causing a lot of uncertainty and concern right now," Midas Fund portfolio manager Tom Winmill tells Fox Business in a Nov. 12 interview. [ Read more… ]November 14, 2012
During this historic time when China undergoes a once-in-a-decade leadership change, its currency -- the yuan -- hit an all-time high versus the U.S. dollar, prompting gold guru Jim Sinclair to comment: "A currency can become a reserve currency by default." [ Read more… ]November 14, 2012
The budget deficit rose in October, the first month of fiscal year 2013, as looming negotiations over expiring tax cuts and imminent spending reductions dominated the post-election political landscape. [ Read more… ]November 14, 2012
A number of Federal Reserve officials said the central bank may need to expand its monthly purchases of bonds next year after the expiration of Operation Twist, according to minutes of their last meeting. [ Read more… ]November 14, 2012
The latest analysis from the Blanchard Economic Research Unit discusses the implications for gold if new global banking regulations are implemented. The so-called Basel III rules would raise gold's status as an asset held by banks, and if banks seek out more gold to increase their liquidity and meet stress tests, then bullion prices could rise significantly. [ Read more… ]November 14, 2012
Blanchard and Company, Inc. Vice President David Beahm was interviewed for a Nov. 13 MarketWatch article by Myra P. Saefong and Robert Daniel titled " Gold ends lower as platinum, palladium rally." Despite the fact that gold futures finished the day lower, Beahm expressed optimism that the metal has the wind at its back heading into the end of the year: [ Read more… ]
1f69
November 14, 2012
"We still like gold and we like Chinese equities as well," SHK Private strategist Stephen Sheung tells CNBC in a Nov. 12 interview. [ Read more… ]November 14, 2012
Participants in an annual gathering of the London Bullion Market Association on Tuesday expected gold to reach $1,843 an ounce by the time of the next conference in September 2013, and forecast silver to reach $38.40. [ Read more… ]November 14, 2012
"We prefer physical gold" to mining stocks, Merk Investments chief Axel Merk tells The Street in a Nov. 13 interview. [ Read more… ]November 14, 2012
Silver will increase in value five times over the next three years, according to mixed asset fund manager Ian Williams. [ Read more… ]
November 13, 2012
If Congress and President Obama hurl America over the fiscal cliff, some fearful investors may clutch tightly to gold on the long way down. [ Read more… ]November 13, 2012
Hong Kong's Chinese Gold & Silver Exchange Society is in initial talks with Chinese officials to set up a bonded warehouse on the mainland in a bid to boost business with exchanges and traders there, its president said Tuesday. [ Read more… ]November 13, 2012
Platinum futures climbed 1.2% on projections of a production shortfall for 2013, while gold prices eased amid pressure from a stronger dollar and renewed concerns about Greece. [ Read more… ]
November 13, 2012
India's gold demand is expected to recover next year, largely due to an expected increase in jewellery purchases after a difficult 2012 during which sales dropped due to higher import taxes and a weak rupee, industry officials said Tuesday. [ Read more… ]November 13, 2012
If China's love affair with gold was set to music, it might well be to 70s duo The Carpenters. The message from day one of this year's London Bullion Market Association conference -- being held this week for the first time in Hong Kong -- was clear: when it comes to China and gold, we've only just begun. [ Read more… ]November 13, 2012
1f42
Gold is trading over $1,700 again and silver is over $32. I believe this trend will continue in the short-to-medium term with higher prices for both metals in 2013 as the global economic crisis will take at least a couple of years to be resolved. Gold has a unique characteristic, and the price of gold tends to increase both during an inflationary period as well as when there is deflation. I don't see gold or silver prices coming off from where they are right now. [ Read more… ]November 13, 2012
During his stay in Indonesia, Prime Minister Recep Tayyip Erdoan brought up an interesting suggestion for the International Monetary Fund. [ Read more… ]November 13, 2012
Gold prices are poised to gain while base metals may decline in the short-term because of concerns about the so-called fiscal cliff in the U.S. [ Read more… ]
November 12, 2012
The Chinese government may add more gold to its reserves as the precious metal accounts for a lower share of total holdings compared with the U.S., according to the London Bullion Market Association. [ Read more… ]November 12, 2012
Gold prices are climbing again following a wild two weeks leading up to the U.S. presidential election, as traders are now putting their bets on continued easy-money policies that could spur demand for the precious metal. [ Read more… ]
November 12, 2012
Gold demand in India, the world's biggest buyer of bullion, rose on Monday as key festivals and the wedding season helped the yellow metal hit its highest level in intra-day trade since Sept. 20. [ Read more… ]
November 12, 2012
In a Damascus jewelry shop, the customer's jaw drops when he hears what he is being offered for his gold ring. Barely $100. "Can't you do any better?" he asks timidly before accepting the deal. [ Read more… ]November 12, 2012
China is the largest consumer of commodities in the world -- so this week's changes at its top table matter to miners, metal traders and investors. [ Read more… ]November 12, 2012
Two of the most influential market prognosticators today -- Pimco's Bill Gross and Goldman Sachs' Jim O'Neill -- both warned clients over the weekend of the perils of the coming "fiscal cliff," when tax increases and spending cuts kick in at the end of the year. [ Read more… ]
1f75
November 12, 2012
Berry Asset Management has tipped gold as an ideal investment in the current economic climate. [ Read more… ]November 12, 2012
The Agricultural Bank of China plans to launch trading of precious metals overseas in the next year or two, even though Chinese investors' enthusiasm for the metals has cooled this year, a senior executive said. [ Read more… ]November 12, 2012
Gold pared gains, settling below a new three-week high on Friday yet still buoyed by expectations U.S. monetary policy will remain loose after President Barack Obama's re-election, and by a looming "fiscal cliff" that could slash U.S. public spending. [ Read more… ]
November 9, 2012
"You've got a president, you've got a Fed that is inflating the economy; inflation is going to be one of the ancillary effects of everything that's being done right now," Bull and Bear Partners CEO Jack Bouroudjian tells CNBC in a Nov. 8 interview. [ Read more… ]November 9, 2012
Investors should look at gold as an insurance policy for other financial assets, said Joseph Wickwire, who manages $4.5 billion at Fidelity Investments, at the Bloomberg Portfolio Manager conference in New York. [ Read more… ]November 9, 2012
Gold usually rises in times of fiscal uncertainty, especially when such times lead to a big increase in money-printing and very low interest rates. [ Read more… ]
November 9, 2012
"Right now you're going to have to put it in the physicals and that's going to be silver and gold," Trean Group's Scott Shellady tells Fox Business in a Nov. 9 interview when asked where to invest. [ Read more… ]November 9, 2012
Year to date, the S&P 500 has just dropped back below gold. Gold's performance year-to-date just surpassed that of the S&P 500 once again. [ Read more… ]November 8, 2012
Chinese gold demand is expected to grow 1 percent this year to a record high of around 860 tonnes, the global head of metals at consultancy Thomson Reuters GFMS said on Thursday, with both jewelry and investment sales rising. [ Read more… ]November 8, 2012
AngloGold Ashanti Ltd., Africa's largest producer of the precious metal, Thursday said it expects gold to trade between $1,700 a troy ounce and $1,800/oz for the remainder of the year, before averaging higher in 2013. [ Read more… ]November 8, 2012
Federal Reserve Bank of San Francisco President John Williams said the central bank may buy more than $600 billion in bonds by extending its third round of quantitative easing well into next year. [ Read more… ]November 8, 2012
Our own opinion is that gold and silver will rally from this point through to the early part of next year, making now a good time to accumulate more of the physical metals. [ Read more… ]November 8, 2012
"The price of gold performs well under either political party, but has typically climbed higher under Democrats. Since Richard Nixon, the president that cut the final link to a gold standard and ended the trading of gold at a fixed price of $35 an ounce, gold has surged nearly 360 percent over the terms of Democrats. In comparison, the precious metal has jumped 121 percent over the terms of Republicans. [ Read more… ]November 8, 2012
More of the world's rich are moving their gold and other valuables away from the economic turmoil in the West to Asia, prompting precious asset shipping specialist Malca-Amit to rapidly expand its storage capacity in the prosperous region. [ Read more… ]November 7, 2012
Fitch Ratings warned that the U.S. may be downgraded next year unless lawmakers avoid the so-called fiscal cliff and raise the debt ceiling in a timely manner, while Moody's Investors Service said it will wait to see the economic impact should the nation experience a fiscal shock. [ Read more… ]November 7, 2012
The United States is no longer one of the world's ten most "prosperous" countries for the first time according to the Legatum Institute. [ Read more… ]November 7, 2012
This week I am very close to doing something I haven't done in a long time. And that's placing a massive bet on gold. [ Read more… ]November 7, 2012
Harmony Gold Mining Co. said Wednesday it expects gold prices to near $1,800 a troy ounce by the end of the year, which will help companies faced with rising costs. [ Read more… ]November 7, 2012
Gold jumped about 2 percent on Tuesday as traders bet that a possible Barack Obama victory in the U.S. election would mean further Federal Reserve stimulus, and prices also got a technical bounce from a support level. [ Read more… ]
November 6, 2012
Both Barack Obama and Mitt Romney "are good for gold," RBC Wealth Management Senior VP George Gero tells Bloomberg in a Nov. 6 interview. [ Read more… ]November 6, 2012
"On a historical basis gold has this fantastic rally August, September," U.S. Global Investors CEO Frank Holmes tells CNBC in a Nov. 6 interview. [ Read more… ]November 6, 2012
It is no secret that China is replacing the U.S. dollar with its own currency in more and more of its bilateral trading. It's apparent to all that the renminbi will soon have (at least) a co-equal status with the dollar as the global "reserve currency." [ Read more… ]November 6, 2012
"I expect to see $2,000 gold within the next six to 12 months," Goldcorp CEO Charles Jeannes tells CNBC in a Nov. 6 interview. [ Read more… ]November 6, 2012
Gold is likely to move sharply upwards should Barack Obama be given a second term in office, analysts say. [ Read more… ]
November 6, 2012
Some of the largest US asset managers and pension funds issued an urgent warning over America's looming budget crisis, underlining concern in the markets of a damaging political stand-off in the event of a narrow election victory for Barack Obama. [ Read more… ]November 6, 2012
The smart young women and coiffured housewives browsing for rings and necklaces at a shiny new mall in a city on the Yangtze River could breathe fresh life into China's boom in gold consumption. [ Read more… ]November 6, 2012
We should expect that Bernanke will be the chairman until 2014, regardless of who wins the election. [ Read more… ]November 6, 2012
In a runup to the Diwali festival next week and the marriage season which is around the corner, leading jewellers and bankers are already quoting positive signs on gold sales. [ Read more… ]November 6, 2012
Even a compromise by Congress to avert a 'fiscal cliff' won't change the troubled credit outlook of the U.S. economy, which continues to face a huge debt burden, says Sean Egan, managing director of Egan-Jones, the ratings firm that has cut America's sovereign debt rating twice this year. [ Read more… ]November 6, 2012
I am not predicting a future price of gold or the date that gold will trade at $4,000, but I am making a projection based on rational analysis that indicates a likely time period for gold to trade at $4,000 per ounce. Yes, $4,000 gold is completely plausible if you assume the following: [ Read more… ]November 5, 2012
While Western central banks have frittered away their gold, China is quietly building up its reserves. China is the world's largest gold producer. And yet -- according to various sources -- gold bullion brokers have not seen any gold coming from China. [ Read more… ]November 5, 2012
How much gold would the U.S. Treasury have to pay out from the nation's bullion depository at Fort Knox to fully pay off the national debt of $16.222 trillion (as of 1 November 2012)? [ Read more… ]November 5, 2012
In statistics, many time series exhibit cyclic variation known as seasonality. For precious metals investors, understanding seasonality can help to determine when to buy and sell at optimal price points. [ Read more… ]November 5, 2012
Indians are buying gold again, stocking up on jewelry during the festival season thanks in part to prices that have come off record levels, said the chairman of the country's largest gold importer, state-run MMTC Ltd. [ Read more… ]November 5, 2012
Global finance chiefs pressed the U.S. to avoid harming the fragile world economy with excessive austerity, widening their focus on fiscal challenges beyond concerns over Europe's debt woes. [ Read more… ]November 5, 2012
Debt-crippled eurozone countries could see the yields on their sovereign bonds fall dramatically if they used their gold reserves as collateral for that debt issuance, according to Sylvester Eijffinger, professor of financial economics at Tilburg University. [ Read more… ]November 5, 2012
America is more bankrupt, leveraged and vulnerable than Europe. And to finance its debt, one branch of the state (Treasury) borrows money from another branch of the state (the Federal Reserve) and everybody thinks this is the norm -- they call it quantitative easing (QE) as the Fed embarks on a third round of quantitative easing which could eclipse the first one's trillion dollar cost pushing America closer to the fiscal cliff on their mountain of debt.
1f6b
[ Read more… ]November 5, 2012
Gold imports by China from Hong Kong climbed 30 percent in September from a month earlier and were 23 percent more than a year earlier, data from the Census and Statistics Department of the Hong Kong government showed today. [ Read more… ]
November 5, 2012
Gold slid 2 percent in heavy trade on Friday, breaking below $1,690 an ounce for the first time in about two months as an encouraging U.S. nonfarm payrolls report lowered expectations for economic stimulus provided by global central banks. [ Read more… ]
November 2, 2012
According to a note from HSBC out earlier this week there is a loose correlation between Democratic control of the White House and Congress and higher bullion prices. [ Read more… ]November 2, 2012
Some argue that the fact that Germany is checking the gold at all is a sign that officials are starting to treat concerns about a gold shortfall seriously. Similarly, the Fed's refusal to allow an immediate audit of all the reserves could be a sign that it has something to hide. [ Read more… ]November 2, 2012
One of the most common questions that I'm asked goes something like this: "If the deflationary long-term cycle is in its 'hard down' phase until 2014, why should we expect gold's value to rise? Shouldn't we instead expect to see a rising dollar along with a falling gold price?" [ Read more… ]November 2, 2012
By now you've heard the warnings about the fiscal cliff -- the series of tax increases and automatic spending cuts set to take place in 2013. Most estimates calculate the combined policy changes would lead to a fiscal contraction of $500 billion in 2013. [ Read more… ]November 2, 2012
The United States will hit its statutory borrowing limit near the end of 2012, just as a new Congress gears up to do battle over the country's huge debt burden and fiscal deficits. [ Read more… ]November 2, 2012
Gold first caught the attention of Neil "Neilsky" Hernandez, a 42-year-old private investor from Chicago, four years ago when he noticed "there were a lot of things wrong with the economy." Hernandez saw investing in gold as a prudent way to protect his retirement savings against the potential devaluation of paper currency. [ Read more… ]
November 2, 2012
Steelmaking raw materials stand to benefit if Republican candidate Mitt Romney wins next week's U.S. election, while a victory for President Barack Obama would aid gold, Alfa Bank said. [ Read more… ]November 1, 2012
Bill Gross, who runs the world's biggest mutual fund at Pacific Investment Management Co., said there is no evidence that investment is being spurred by the Federal Reserve's quantitative easing program. [ Read more… ]November 1, 2012
$1,800 is "a pretty strong resistance" for gold, AMP Capital strategist Nader Naeimi tells CNBC in an Oct. 31 interview. [ Read more… ]November 1, 2012
"I'm a long-term gold bull," CEF Holdings chief Warren Gilman tells CNBC in an Oct. 30 appearance with guest host and U.S. Global Investors head Frank Holmes. [ Read more… ]October 31, 2012
Luxury companies are betting that Chinese shoppers who are buying fewer gold bars and lavish gifts for their business dealings will loosen the purse strings after a once-a-decade government change in Beijing. [ Read more… ]October 31, 2012
Investors should opt for U.S. Treasuries and gold because the boost to risky assets from central bank stimulus measures may already be over, according to a report by macroeconomic research firm Capital Economics. [ Read more… ]October 31, 2012
Iranians can no longer export gold without approval by the central bank, an official was quoted as saying on Wednesday, in a new effort by the government to restrict outflows of wealth. [ Read more… ]October 31, 2012
Renowned trend forecaster Gerald Celente is famed for having accurately predicted everything from the 2008 global economic crash to the demise of the dotcom bubble. [ Read more… ]October 31, 2012
Physical demand for gold from Asian consumers may be showing some modest signs of stabilization but the buying interest so common at this time of year during religious festivals and the wedding season still won't be strong enough to lift prices above $1,800 an ounce, strategists said. [ Read more… ]October 31, 2012
Atlantic superstorm Sandy may cut U.S. economic growth as it keeps millions of employees away from work and shuts businesses from restaurants to refineries in one of the nation's most populated and productive regions. [ Read more… ]
2060
October 31, 2012
If it were down to gold investors to decide the US election, Mitt Romney would walk it. [ Read more… ]October 30, 2012
Years of reading and thinking about this issue and actually investing in both shiny gold bullion and paper/digital gold has given me the following perspective: If you are a long term (read 10+ years) investor looking for a secure hedge against market volatility, buying physical gold beats buying gold ETFs overall. [ Read more… ]October 30, 2012
Growing popularity and awareness among consumers are set to drive platinum demand by 50% in India for the next couple of years. Moreso, aspiring customers' desire for a change from the perennial gold with higher possibility of returns on their investment is likely to pull platinum demand in India. [ Read more… ]October 30, 2012
In the 1st October Weekly Update we described three signs that will likely be seen at around the time of, or just prior to, gold's ultimate price top. [ Read more… ]October 30, 2012
Deniz Kalkan, a 32-year-old housewife in Istanbul, is ready to move her gold. [ Read more… ]October 30, 2012
The state of Gujarat that got its first gold temple in May this year, with gold-plated spires adorning the facade, is again leading the country in gold imports. [ Read more… ]October 30, 2012
Dadhyanna Tan Mian Lee ditched a 10-year career in telecommunications in 2009 to become a consultant with Genneva Malaysia Sdn., selling gold to customers with a plan that she says yielded as much as 24 percent a year. [ Read more… ]October 30, 2012
The U.S. dollar's exchange value is itself a bubble waiting to pop. The sharp rise in the dollar price of gold and silver since 2003 indicates a flight from the U.S. dollar. [ Read more… ]October 30, 2012
Just as the Federal Reserve is now in "wait-and-see" mode after launching another round of money printing last month, precious metals investors are also awaiting fall developments to provide some direction for languishing markets. But, unfortunately, the week ahead is not likely to offer much in that regard.
1fb2
[ Read more… ]October 29, 2012
The head of Western Australian gold miner Silverlake Resources says many in the industry are predicting the gold price will reach about $US2,000 an ounce by December. [ Read more… ]October 29, 2012
If you own physical gold or gold mining stocks or you plan on buying anything related to precious metals before year-end, you will get excited about my analysis. [ Read more… ]October 29, 2012
The price of gold typically corrects in October. In fact, going back 30 years, the historical seasonality of gold has been to rise during September, with a subsequent correction in October. [ Read more… ]October 29, 2012
With the Chinese renminbi increasingly a currency of settlement, some analysts have advanced their expectations for full international convertibility. Royal Bank of Scotland (RBS) said it may come as early as 2015. [ Read more… ]October 29, 2012
From experience, we know that when the Fed increases its balance sheet during these programs, the US gold price increases very closely with it. If the balance sheet increases 20%, the gold price also increases around 20% too. [ Read more… ]October 29, 2012
There are some telltale signs that the latest rise in gold could turn into a whopping surge. Gold's rise since the summer is now matching the similar time period in prior bull markets when the surging really began. [ Read more… ]October 29, 2012
I think where we do see a void is in monetary alternatives. The Fed is mismanaging our currency and the [European Central Bank] is not exactly a stable alternative in terms of the euro. So for individuals -- and we're seeing a growing trend with central banks -- it has defined a monetary alternative to the dollar. And to some degree we're seeing that move in the direction of gold. [ Read more… ]October 29, 2012
Silver demand in China, the world's second-largest user, is set to jump as much as 10 percent next year to a record as investors look to preserve wealth, according to Beijing Antaike Information Development Co.
1f6a
[ Read more… ]
October 26, 2012
A fall in gold prices over the past few weeks and the beginning of the peak festival season have revived jewelry demand in India, industry executives said Thursday. [ Read more… ]October 26, 2012
Hugh Hendry, founding partner and CIO of Eclectica Asset Management, has made a lot of money in gold. His hedge fund, the Eclectica Fund, saw returns of over 50% in 2003, its first full year of operation, largely on the back of real asset returns: gold, steel, oil, copper. [ Read more… ]October 26, 2012
I expect precious metals prices to rise significantly over the next decade. A large part of it as a result of QE and other money printing programs. The U.S. did announce QE3 recently. Having said that, it hasn't started running up the printing press. A good rise in precious metals is yet to come. [ Read more… ]October 26, 2012
Gold may outperform other commodities as the bull run in raw materials pauses amid slowing economies, while grains and oilseeds may jump on weather disruptions, according to participants at the World Commodities Week conference. [ Read more… ]
October 26, 2012
The Federal Reserve's latest stimulus will not boost economic growth without creating unwanted inflation, said Jeffrey Lacker, president of the Richmond Fed and lone dissenter on the central bank's policy committee. [ Read more… ]October 26, 2012
Germany withdrew two thirds of its vast holdings of gold from Bank of England vaults shortly after the launch of the euro more than a decade ago, according to a confidential report by German auditors. [ Read more… ]October 26, 2012
Global Hunter Securities raised its average gold price forecast for 2013 and 2014 on Wednesday, and said that gold prices can surpass $2,000 an ounce by early next year. [ Read more… ]October 26, 2012
Brazil increased its gold reserves for the first time since December 2008 at a time when investors raised holdings in exchange-traded products to a record. [ Read more… ]October 26, 2012
Gold fell on Wednesday to just above $1,700 an ounce, after the U.S. Federal Reserve stuck to its plan to keep stimulating growth until the job market improves but made few surprises in its policy statement. [ Read more… ]
October 24, 2012
"In times of chaos and confusion, especially economic turmoil -- a lot of people feel we've got that -- you know what has worked? Gold," says "Mad Money" host Jim Cramer in an Oct. 23 CNBC broadcast. [ Read more… ]October 24, 2012
Hedge-fund manager David Einhorn raised concerns about the U.S. central bank's latest round of stimulus, saying Federal Reserve Chairman Ben Bernanke "announced desperate measures in non-desperate times." [ Read more… ]October 24, 2012
Let's take a look at gold. Over the last few election cycles, gold prices have tended to drop or stay flat during the election year only to see positive performance throughout the rest of the term. Let's take 2012 as an example. While gold prices are up 9 percent year-to-date, that's primarily due to an almost 10 percent rise between the months of August and September. On the flip side, you see that gold prices have actually decreased by 3 percent since late September until now, less than two weeks from Election Day. [ Read more… ]October 24, 2012
Whether gold declines further from here or rebounds is dependent on the fate of the broader financial markets. The correlation between the yellow metal and stocks is growing stronger. Some of this has to do with the fact that as stocks decline, the U.S. dollar tends to rise, which is a bearish factor for gold. [ Read more… ]October 24, 2012
Gold has been on a steep downward move in recent weeks, currently approaching the $1,700 handle after fast and furious rises following the QE3 announcement. [ Read more… ]
October 24, 2012
The commodity supercycle has further to go on increasing demand from China and emerging markets, according to Longview Economics Ltd. and economist Dambisa Moyo. [ Read more… ]October 24, 2012
Regardless of whether Obama or Romney wins, the one thing that is certain is that the next president is going to be a neo-Keynesian. [ Read more… ]October 24, 2012
"The Federal Reserve on Wednesday continued to express concern about the U.S. economy as it maintained its ultra-easy policy stance," MarketWatch reported. [ Read more… ]October 24, 2012
" Gold will outperform crude, copper, silver," Sterne Agee analyst Michael Dudas tells CNBC in an Oct. 23 interview.
1f50
[ Read more… ]October 23, 2012
Is gold going to go down with stocks? "No, I don't think so," says Weeden & Co. strategist Michael Purves in an appearance on Yahoo! Finance's "Breakout." [ Read more… ]October 23, 2012
"We did hear that the Romney camp would possibly fire [Ben] Bernanke, but we asked, if you look at the Federal Reserve and what the world is doing with quantitative easing, it's not going to be such an easy task, and we must remember it was Barack Obama's predecessor, who did appoint him," Gold Stock Trades editor Jeb Handwerger tells The Street in an Oct. 23 interview addressing rumors that the Fed chief might step down. [ Read more… ]October 23, 2012
What is this new trend? It's simple, yet powerful. ... Investors are shifting from paper to physical. [ Read more… ]October 23, 2012
To see one of Iran's financial lifelines at work, pay a visit to Istanbul's Ataturk International Airport and find a gate for a flight to Dubai. [ Read more… ]October 23, 2012
After eight weeks of consecutive increases, gold's net speculative length fell last week. A decline, Standard Bank attributes to "Investor uncertainty over the ability of QE3 to support prices and/or the longevity of Fed's open-ended commitment to easing." [ Read more… ]October 23, 2012
When we look at gold, we don't have in mind a specific supply/demand balance going forward. It's easy enough to see the supply side. In trying to forecast a price for gold, we tend to run out a 4% per annum contango from the current gold price until we think U.S. interest rate policy will reverse and rates will start to climb. That stage just keeps on moving out -- as it has with Quantitative Easing (QE) 3. [ Read more… ]October 22, 2012
For years U.S. Congressman Ron Paul, R-Texas, has been urging an audit of the U.S. gold reserves -- mainly to deaf ears. President Hugo Chavez of Venezuela made waves last year when he repatriated his nation's gold from various overseas locations. And now Germany is making noises about getting its own massive gold reserves back from storage vaults in other nations, including the U.S.: [ Read more… ]October 22, 2012
Gold and silver closed on Friday at their lowest levels in more than a month, part of a broad market sell-off that favored safe haven assets as hedge funds in futures markets were more inclined to take profits than add to long gold positions after the impressive summer run-up. [ Read more… ]
October 22, 2012
While the WGC says inflation risks are still the strongest fundamental on gold prices, central bank policy and gold purchases are a growing force on price direction. [ Read more… ]October 22, 2012
U.S. gold futures fell to $1722 per ounce last week to a six-week low but has climbed on Monday to $1725 in electronic trading. Barclays Research remains firmly bullish on gold. [ Read more… ]October 22, 2012
Greece is spiraling into the kind of decline the U.S. and Germany endured during the Great Depression, showing the scale of the challenge involved in attempting to regain competitiveness through austerity. [ Read more… ]October 22, 2012
After historic changes last month, Federal Reserve officials this week will discuss a possible expansion of the size of its third round of bond buying and better ways to guide markets about future policy actions. [ Read more… ]October 22, 2012
For some reason, the gold standard system has gained a reputation for causing crises. This is mostly from the Keynesian camp: they need floating currencies to play their funny money games. [ Read more… ]October 22, 2012
Canaccord's Global Resource Conference happening in Miami at the moment featured a lengthy lunchtime chat with billionaire investor Frank Giustra where he said "he doesn't want to sound apocalyptic," but probably ended up scaring the bejezus out of the audience anyway. [ Read more… ]October 19, 2012
The best raw material to hold in my opinion is silver. That's what I felt 30 years ago and is what I feel today. Silver one of the very few commodities that the average person is capable of holding in his own possession. [ Read more… ]October 19, 2012
With South Africa the fifth-largest miner in the world, according to Dawn Bennett, portfolio manager of the Bennett Group of Funds, "the strikes will harm the global supply of precious metals." [ Read more… ]October 19, 2012
Gold imports by India, the world's largest buyer, are set to climb for the first time in six quarters as a decline in domestic bullion prices stokes jewelry and investment demand ahead of major festivals. [ Read more… ]
2051
October 19, 2012
Given all the talk about money printing, inflation and the devaluation of the dollar, you'd think more investors would be hungry to get a hold of an alternative measure of stock prices that was devoid of currency impacts. [ Read more… ]October 18, 2012
John Reade, senior vice president at Paulson & Co., made the following comments at the SALT conference in Singapore today. [ Read more… ]October 18, 2012
Regardless of whether the winner is Obama or Romney, the US Federal Government will continue to run large budget deficits and rapidly increase its indebtedness. Under a Romney presidency there would probably be reduced spending in some areas, but these reductions would be offset by increased spending on the military. [ Read more… ]October 18, 2012
Europe will be forced to sell its gold reserves to cover its debts and a resurgent China is poised to snap them up, according to Close Brothers' Chris Bailey. [ Read more… ]October 18, 2012
The sovereign credit rating of the U.S. will be cut as "fiscal theater" plays out in the world's biggest economy, according to Pacific Investment Management Co., which runs the world's largest bond fund. [ Read more… ]October 18, 2012
Coin World editor Steve Roach recently commented on a Wall Street Journal article ("The coins that make big money," Sept. 15) that valued the rare coin market at $5 billion a year. "Although no sources are cited that were used to justify that number, the point was made clear -- that the rare coin is not just a cute little hobby; rather, it is a substantial industry," Roach said. [ Read more… ]October 18, 2012
MarketWatch recently noted the growing popularity of rare coins in a Sept. 6 article titled "How to follow the money in rare coin collecting" by David Wilkerson. [ Read more… ]October 18, 2012
Coin World recently explored opportunities in " pattern coins," the experimental pieces produced by the U.S. Mint. [ Read more… ]October 18, 2012
Major bullion bank HSBC cut its 2012 average gold price outlook for 2012, but raised its 2013 and 2014 forecasts on solid investor demand and high commodity prices.
1f44
[ Read more… ]October 17, 2012
CIBC World Markets is turning more bullish on gold and silver and suggests it's nearly time for investors to pounce on the sector to capture a seasonal bounce. [ Read more… ]October 17, 2012
Gold has soared past coal as Australia's second most valuable physical export to China, with sales up a whopping 900% for the first eight months of the year, bringing in $4.1 billion. [ Read more… ]
October 17, 2012
A drop in local gold prices to a three-week low has prompted a wave of buying in India from the beginning of this week, that marks the end of inauspicious shradh paksh. Bullion dealers and jewellers are stocking gold at this price for the upcoming festive season. Gold traders say that in October there has been an increase in demand by 10% compared to the previous month which may go up further if there is a correction in prices going ahead. [ Read more… ]October 17, 2012
"Two percent inflation is no spur to stocking up on gold bars," notes Robin Bromby at The Australian newspaper, citing recent signs that rising prices appear to be in check -- that is, if you believe the official government calculations. [ Read more… ]October 17, 2012
Bloomberg has just reported that AngloGold Ashanti Ltd. and Gold Fields Ltd., the third- and fourth-largest producers of gold, may have their ratings cut to junk by Standard & Poor's as strikes halted about half of South Africa's output. What's going on in South Africa has significant repercussions for gold investors, according to Tony Daltorio in a new analysis at Resource Investor: [ Read more… ]
October 17, 2012
If you believe gold is a necessary defensive asset against the mounting U.S. national debt, then watch this presentation by Duquesne University economist Antony Davies, titled "What can we cut to balance the budget?" His conclusion: The U.S. will never be able to balance its budget because mandatory federal spending will always outpace federal revenue. [ Read more… ]October 17, 2012
Gold rose on Tuesday to snap two days of hefty losses lifted by a broad dollar drop and by data showing U.S. consumer prices climbed but not enough to derail the Federal Reserve's ultra-easy monetary policy. [ Read more… ]
October 16, 2012
Gold has potential to break all time high of $1,921 an ounce during December this year, according to Saxo Bank, a Danish investment bank. [ Read more… ]
October 16, 2012
Going back to late August, gold has been the talk of the town. Every time you turn on any financial program, someone is talking about gold. The notion of $2,000-an-ounce gold has become widespread, in fact, to such a degree that I have to look at it in a bearish light. After the breakout from the previous trading range, I feel like this market got too bullish too fast. What happens when everyone gets on one side of the boat? That's right -- it capsizes. [ Read more… ]October 16, 2012
BMO Capital Markets has raised its 2013 price forecasts for gold and silver by 14.7% and 11.4%, respectively. [ Read more… ]October 16, 2012
Gold's failure last week to sustain gains over $1,790 an ounce triggered profit-taking by frustrated longs and technically inspired selling by institutional traders and speculators in "paper gold" derivative markets, so much so that the yellow metal briefly traded under $1,730 on Monday. [ Read more… ]
October 16, 2012
The European debt crisis has prompted nervous wealthy investors to build holdings of gold in Asia and demand that banks allocate them individual bullion bars, a Deutsche Bank executive said. [ Read more… ]October 16, 2012
Dividends have delivered the lion's share of returns to stock market investors since the Coalition Government was formed but precious metals did best of all. [ Read more… ]October 16, 2012
|
|
|
|
|
|
| |
|
Copyright © 2013 Blanchard and Company, Inc.
|
|
