Gold Speaks

Originally from MarketWatch

On Friday ETF provider Factor Advisors sent around this nugget: the correlation between large-cap U.S. stocks and the U.S. dollar, on a 90-day basis, has reached the most negative it has been in about a decade — a negative 0.85.The Japanese yen and Swiss franc have also been moving at “extreme” cross purposes with U.S. [...]

The gold price fell to a three-week low on Monday, as lack of confidence in Europe pushed investors into the relative safety of the U.S. dollar. Originally from Mineweb – Daily news headlines

Gold prices decline as a firmer U.S. dollar weighs down on commodities, including precious metals. Originally from MarketWatch

Gold futures extend fall in electronic trading as the U.S. dollar edges higher after Standard & Poor’s lowered its ratings outlook on sovereign debt of 15 euro zone nations. Originally from MarketWatch

These figures are from the Preliminary BIS Reports of November 2011 which reflect reporting bank positions as of the Jun 2011 quarter. Obviously therefore they do not yet reflect the recent Fed expansion of the swap lines for dollars. The first chart represents the total dollars held by banks as ‘foreign currency.’ Originally from The [...]

Gold futures wavers in and out of the red Thursday, following steep gains in the previous session as central bankers moved to prop up global liquidity. Originally from MarketWatch

Gold futures wavers in and out of the red in early trading Thursday, following steep gains in the previous session as central bankers moved to prop up global liquidity. Originally from MarketWatch

Gold reversed gains in thin trade on Wednesday, under pressure from a firm dollar and investors with no confidence in the euro zone currency. Originally from Mineweb – Daily news headlines

The WHOLESALE-MARKET gold price briefly crept back above $1700 per ounce once again on Thursday morning in London, rising faster in Sterling and Euros as they slipped back versus the Dollar on the forex market. With New York shut for Thanksgiving, Japan’s Nikkei index fell to its lowest level since April 2009, but European stock [...]

“What I am about to say is true. But under this system we are not allowed to speak the truth… Lies are required to maintain political harmony… the Chinese regime is in a serious economic crisis – on the brink of bankruptcy… every province in China is Greece.” (emphasis added) Larry Lang, Professor of Finance, [...]

Gold eased on Wednesday in line with a drop in the euro, as the strengthening U.S. dollar mitigated the impact of safe-haven bullion buying. Originally from Mineweb – Daily news headlines