• Lear Capital: Wall Street Gold Speculators Caught with Shorts Down

    May 03 2013 9:00 AM

    On April 10, Goldman Sachs came out with a recommendation to short gold. On April 23, Goldman closed the recommendation. What kind of financial advice is good for just 9 business days? Truth be told, the recommendation contributed to a rapid decline in the gold price. A decline promptly met by record demand for physical gold. OOOPS!

  • Goldman Sachs Vs. Chinese 'Grannies'

    May 02 2013 3:24 PM

    China's "granny effect" trumps the investment advice of Goldman Sachs.

  • Peter Schiff - THE GREAT GOLD REDEMPTION

    May 02 2013 10:10 AM

    The most puzzling part of the investment business is seeing how the vast and largely economically illiterate masses interpret any given piece of news. Take the recent gold selloff: many large players were motivated to sell by news that Cyprus will have to liquidate its gold stockpiles to pay off acute debt obligations. But just a moment's reflection shows this reaction to be knee-jerk.

  • China Gold Mania - Coins, Bars and Jewelry Sales Surge 108%

    May 02 2013 8:47 AM

    Gold fell $17.30 or 1.17% yesterday to $1,458.70/oz and silver slid to $23.24 and finished down 2.60%. Gold remains under pressure despite very robust demand and anaemic supply globally. This suggests that speculators in the futures market continue to hold the upper hand. While this may continue in the short term and lead to further short term weakness in the price, the long term supply demand fundamentals will almost certainly lead to higher prices. We continue to believe gold will surpass its real inflation adjusted high of $2,400/oz in the coming years.

  • Gold Mine Collapse Kills More Than 60 In Sudan's Darfur Region

    May 02 2013 8:14 AM

    Rescuers are reportedly using traditional tools to try to reach victims, but they're unsure whether there are more people trapped.

  • “They Don’t Want Certificates, They Want the Real Product” - CME President on Gold

    May 01 2013 10:11 AM

    Today’s AM fix was USD 1,469.50, EUR 1,113.60 and GBP 942.95 per ounce. Yesterday’s AM fix was USD 1,472.75, EUR 1,126.13 and GBP 950.04 per ounce. Gold climbed $5.60 or 0.38% yesterday to $1,476.00/oz and silver finished down 0.27%.

  • Gold Price Stagnant- $1,466.10/oz

    May 01 2013 10:03 AM

    The price of gold was stagnant this morning, dropping $6 to $1,466.10 an ounce. Many analysts believe this is solely due to a two-day policy-making committee that is set to end this afternoon. Once data on the meeting has been released, analysts will be able to tell if and how it affects gold.

  • Gold Stocks to Rebound in May

    May 01 2013 9:08 AM

    Sell in May and don’t go away. Sell and buy gold stocks. We all know gold stocks have been a disaster for weeks and months. The HUI gold bugs index kept falling below support levels until finding support near 260 which we consider to be very strong support and probably the major low. In the nine trading days since the bottom the gold stocks have recovered only slightly and gradually. However, after Tuesday’s reversal, we see plenty of evidence that augurs for a strong recovery in May.

  • Obama: We Cannot Prove Which Side Used Chemical Weapons In Syria

    April 30 2013 11:30 AM

    Obama said Tuesday chemical weapons use in Syria will change how the United States and its allies respond.

  • Perth Mint Demand Highest Since Lehman Brothers - Refines Coins, Bars At Weekend

    April 30 2013 9:09 AM

    Gold is slightly lower today after yesterday's consolidation on last week's gains. Premiums continue to rise on physical product across the world to reflect a significant increase in demand and very tight supplies.

  • To Buy Gold or Not?

    April 30 2013 9:01 AM

    Should you buy gold or not? That’s the question and everyone seems to have an answer. Unfortunately they’re never the same. Some analysts fear the low prices of Gold that we’ve seen in the past month will surely signal another recession. Others say that it was just a fluke and justify it by the fact that the price of gold is improving. Slowly yes, but still improving.

  • Lear Capital: Did Attempt to Harvest Gold Fail?

    April 29 2013 8:46 AM

    Earlier this year, the financial world was shocked when Germany asked for the return of its gold. The request came within 3 months of the Feds refusal to submit to an audit of its gold reserves by Germany’s Bundesbank. The request itself was unusual in that Germany only asked for 50% of its gold to be returned by year 2020.

  • Gold Steadily Rising,Trading $1,465/Oz

    April 29 2013 8:37 AM

    Comex gold futures are still steadily rising as they were up again today to $1,465.40 an ounce. This is coming off the heels of a two-year low in which gold reached less than $1,400 an ounce sparking debate on whether or not the gold market is as strong as originally thought.

  • Trends in Asset Classes set to Shift

    April 26 2013 3:11 PM

    The latest warning sign on US equities came from the recent issue of Barron’s. A recent survey of big money managers showed extreme bullish sentiment. 86% polled were bullish on stocks over the next six to 12 months while only 7% were pessimistic. Meanwhile only 11% were bullish on bonds. The cover of Barron’s emphasized the view of the participants with its title “Dow 16,000” and picture of a bull, leaping away from a bear. In regards to Gold and commodities, 50% were bullish on commodities with 35% bullish on Gold.

  • Mints, Refineries, Brokerages Out Of Stock - COMEX Gold Inventories Plummet

    April 26 2013 9:50 AM

    The manipulated sell off on the COMEX has led to bargain hunting and a surge in physical coin and bar buying internationally. Gold bullion inventories on the COMEX are being depleted rapidly (see chart and data below) and certain bullion products are either out of stock or production and distribution has been suspended.

  • Gold Steadily Rising,Trading $1,465/Oz

    April 26 2013 9:41 AM

    Comex gold futures are still steadily rising as they were up again today to $1,465.40 an ounce. This is coming off the heels of a two-year low in which gold reached less than $1,400 an ounce sparking debate on whether or not the gold market is as strong as originally thought.

  • Short Interest Rises in Gold Mining Stocks

    April 25 2013 4:20 PM

    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

    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

    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

    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.