Short Interest Rises in Gold Mining Stocks
April 25 2013 4:20 PM EDT
Probably not much of a surprise, but Barrick Gold (NYSE: ABX [FREE Stock Trend Analysis]), GoldCorp (NYSE: GG) and Harmony Gold Mining (NYSE: HMY) saw big upswings in short interest between the March 28 and April 15 settlement dates.
World's Gold Rushing To Asia
April 25 2013 10:38 AM EDT
Asian buyers are responding to the recent big drop in gold prices by purchasing as much as they can get.
Gold And Silver To Recover In 2013- Reuters Precious Metals Poll
April 25 2013 8:34 AM EDT
Gold climbed $15.50 or 1.09% yesterday to $1,430.40/oz and silver finished up 1.00%. Gold climbed to its highest in more than a week on Thursday, boosted by physical demand from store of wealth buyers globally and from central banks.
US Mint Suspends Sales Of Small Gold Coins - Premiums Rising
April 24 2013 9:27 AM EDT
The U.S. Mint is suspending sales of one-tenth oz American Eagle gold coins. The Mint says that sales are suspended as inventories are depleted and need to be replenished. Demand for one-tenth ounce gold coins is up 118% from a year earlier.
Gold Prices Evening Out, $1429.13/OZ
April 24 2013 9:19 AM EDT
Gold prices are once again evening out to $1,429.13 an ounce. Investors are swooping in to buy gold and significantly lower prices to make a bundle once the prices of gold evens out out.
Gold is fine
April 23 2013 1:26 PM EDT
So we saw gold fall a hundred plus dollars in a day and I say, it’s fine. People talking about well the ‘manipulators’ are dumping it… blah. Well its true according to my research that they do manipulate the gold market with um paper like ETFs. So what?
Smart Asians Drive Gold Demand to 30 Year High
April 23 2013 8:45 AM EDT
Gold climbed $24.50 or 1.75% yesterday to $1,425.40/oz and silver finished +0.82%. Asia is seeing a new gold rush. Demand for gold bars, coins and jewellery has soared as bargain hunters try to capitalize on the dip in prices.
Arizona Set To Use Gold & Silver As Currency
April 22 2013 9:38 AM EDT
Gold climbed $12.90 or 0.93% on Friday to $1,400.90/oz and silver finished up 0.04%. Gold and silver both traded down for the week at 5.86% and 11.39%. The state of Arizona may become the second state to use gold and silver coins as legal tender.
Is Gold a Disappointing “Safe Haven”?
April 22 2013 8:02 AM EDT
It should be defined as a long-term investment that holds its value internationally, in extreme financial times. Is gold one of these? After all, it has fallen from $1,921 at its peak to $1,344 at its trough. This is a 30% fall over the last year plus. At one time George Soros described gold as the “Ultimate Safe-Haven”, before saying it was a “disappointing Safe-Haven”. Alan Greenspan described gold as being “money in extremis.”
Gold Reveals Global Economy on Thin Ice
April 19 2013 2:54 PM EDT
Explanations for this gold selloff abound everywhere and nearly all of them are inane and incorrect. The silliest among all the reasons offered for the current bear market in gold is that Bernanke has recently morphed into a form of Paul Volker; even though he has maintained the Fed’s zero percent interest rate policy and massive money printing continues unabated. His policies have, and will continue to significantly weaken the intrinsic value of the dollar—so you can just summarily dismiss that reason. Another vacuous reason to explain the drop of the gold price is that the U.S. is eventually headed towards a trade surplus. This is because some predict our energy independence in the next ten years, causing the dollar to soar sometime in the future. But the dollar fell from 83 to 82 on the DXY during the month of April, which coincided with the selloff in gold, so that can’t be the reason either. In addition, our National Debt should be near $30 trillion in 10 years; and that would...
China's Gold Moving Quicker Than Cabbages
April 19 2013 1:42 PM EDT
With gold prices plunging globally, newly rich Chinese consumers rushed to buy up everything gold in sight.
Lear Capital: Enough of Gold’s Fair Value of $800/oz.
April 19 2013 9:28 AM EDT
OK! I’ve had enough! This idea that Gold’s fair value is only $800 an ounce is causing my reason meter to redline. It’s making me a little cranky, so bear with me. This all started with a report that stated: Claude Erb and Campbell Duke figured out the ratio between the price of gold and the stated price inflation from a historical perspective and determined gold was over-priced based on their numerical analysis.
Gold is on the Rise, Due to Physical Demand
April 19 2013 9:24 AM EDT
According to Bernard Sin, the head of currency and metal trading at billion refiner MKS SA in Geneva stated that “physical demand is extraordinary.” After prices slumped to $1,321.95 an ounce Tuesday morning, prices are on the up climbing today to $1,412.40 an ounce. This tends to happen when gold prices plummet, physical gold price increase as investors become more interested in purchasing it.
Gold Futures Raid Leads To ‘Extraordinary’ Demand For Bullion Globally
April 19 2013 9:22 AM EDT
Gold extended gains above $1,400 an ounce on signs that jewelers, investors and store of value buyers of gold are taking advantage of the biggest slump in prices in three decades.
Gold Bears Suddenly Appear, More Emboldened than Ever
April 19 2013 8:40 AM EDT
Congrats to the gold bears and stock bulls! After being slaughtered for the majority of the last decade and more, they finally won a victory. Golf clap for you gentlemen. Now you can have your day in the sun once again. US stocks are at all-time highs and Gold sucks again! You won’t have to listen to your clients bitch and moan about how you ignored, avoided or were underweight the bull market of our time. Time to crow!
The Gold way of falling
April 19 2013 8:16 AM EDT
The gold could reside nearby 1390$ after several tries yesterday to get over 1400$ level after it had been under strong pressure following breaking of its previous supporting level at 1523$. It was well-known to almost all market participants that this characteristic of the gold will be done in the case of breaking this critical level which could contain its falling more than once since getting over it on 8th July 2011.
Gold Is Recovery at $1,392/Oz
April 18 2013 3:17 PM EDT
Gold is making a nice recovery since it plummeted last Friday and then again on Monday. At the moment its trading at $1392 an oz. Although this still isn’t great, it gives investors hope that it will eventually make a full recovery.
Gold Reveals Global Market on Thin Ice
April 18 2013 1:20 PM EDT
Explanations for this gold selloff abound everywhere and nearly all of them are inane and incorrect. The silliest among all the reasons offered for the current bear market in gold is that Bernanke has recently morphed into a form of Paul Volker; even though he has maintained the Fed's zero percent interest rate policy and massive money printing continues unabated. His policies have, and will continue to significantly weaken the intrinsic value of the dollar-so you can just summarily dismiss that reason. Another vacuous reason to explain the drop of the gold price is that the U.S. is eventually headed towards a trade surplus. This is because some predict our energy independence in the next ten years, causing the dollar to soar sometime in the future. But the dollar fell from 83 to 82 on the DXY during the month of April, which coincided with the selloff in gold, so that can't be the reason either. In addition, our National Debt should be near $30 trillion in 10 years; and that would...
Lear Capital: Debunking the Gold Bunk from the “Ex-Spirts”
April 18 2013 9:06 AM EDT
To listen to the experts, pronounced (Ex-Spirts), regarding the recent drop in gold prices, you have to first consider the source. So let’s define expert. “Ex” means has-been. And “Spirt” is really just a drip under pressure.
CFTC Probe Gold Plunge – “No Visible Central Bank Activity” Say Blackrock
April 18 2013 9:02 AM EDT
Lower gold prices have led to a rush to buy gold coins and bars globally. Value investors and store of wealth buyers are more than happy to exchange devaluing paper currencies for physical gold at these much cheaper prices. It is ironic that manipulative selling by a large hedge fund or bullion bank may have ignited a mini gold rush globally.