China’s decision earlier this week to channel all gold trading through Shanghai shouldn’t damp mainland investors’ appetite for bullion, even as unauthorized trading platforms that have mushroomed along with the boom in precious metals are forced to close, according to analysts. Originally from MarketWatch
In 2011 investors saw gold perform outstandingly in the quiet season in July, August. $2,000 looked a certainty before the end of the year, but then unusual forces pummelled the gold price and all other global financial markets. Shades of the credit crunch hit the markets under the title of the Eurozone debt crisis. This [...]
Downside risks do not warrant exiting from gold and silver as upside potential is still remarkable. Julian Phillips discusses the factors behind the recent gold price fall and what lies ahead. Originally from Mineweb – Daily news headlines
When that bullion changes hands, it may be the moment when power shifts from the rulers of yesterday to the rulers of tomorrow, writes Brett Arends. Originally from MarketWatch
WHOLESALE MARKET gold bullion prices rose to $1607 an ounce Monday lunchtime in London – 0.5% up from last Friday’s close – while European stocks and commodities were broadly flat and government bond prices eased. Silver bullion meantime rose to $29.36 per ounce just ahead of New York’s open – 1.2% down on last week’s close. Originally from [...]
Red has been the color of choice for gold and silver this week. On Wednesday, gold fell below $1,600 to close at its lowest level since September. Meanwhile, silver fell below its $30 support level. Although many were quick to declare the bull market in precious metals dead, many investors questioned the call, because the [...]
The tide appears to be turning bearish on gold, at least that’s how some investors see it after Dennis Gartman, publisher of The Gartman Letter, told CNBC recently that he’s sold all of the gold in his personal account.In report posted on CNBC.com Tuesday Gartman, who is also a CNBC contributor, said “the market is [...]
Peter Krauth writes: Despite a pullback from its all-time high of about $1,920 an ounce set in September, gold is still trading in the $1,750 range. In fact, the glittering metal has gained 22% in the past 12 months. What’s more is that I believe gold prices will eclipse $2,200 an ounce next year, and [...]
Earlier this week, Standard & Poor’s placed Germany, France and 13 other eurozone nations on negative credit watch, saying “continuing disagreements among European policy makers on how to tackle” the region’s debt crisis risk is damaging their financial stability. Furthermore, S&P warned that the European Financial Stability Facility may lose its top credit rating. “We [...]
Jay Taylor believes the biggest challenge facing the U.S.—deflation—could mean a better year, or even decade, for junior gold stocks. Taylor, editor of Jay Taylor’s Gold, Energy & Tech Stocks, has ridden some equities to the bottom of this punishing market and is ready to pile more cash into small gold companies. In this exclusive [...]
The Eurodollars estimate in the chart below is based on the BIS Banking Statistics from Commercial Banks and may not include official reserves held by Central Banks. As you know the Federal Reserve stopped reporting Eurodollars some years ago, with the consequence that it also stopped reporting M3 money supply. Originally from The Market Oracle
If you have more wealth than a bushman then you must listen to one the smartest guys on the planet as to the next debt crisis plays that is about to happen! Points: 1) USD will get a bid from Euro and Japan issues in the next 12 months 2) The time is goto asset [...]
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