Originally Posted on BullionBullsCanada.com The World Gold Council recently released its own report for the gold market for 2011. Indeed, investment demand rose by a mere 5% year-over-year. Arguably, even that number overstates the performance of the gold market in 2011, since (in the real world) much of what…
By Jeff Cox CNBC, New York Monday, May 7, 2012 http://www.cnbc.com/id/47324444 It’s not every day you can find people to take the opposite side of a trade from Warren Buffett and Bill Gates, but then gold is not your average trade. Gold bugs are known as some of the most…
China’s imports of gold through Hong Kong have risen six times in the first quarter of the year compared with a year earlier – with March 59% above February’s figures on a month on month basis. Author: Lawrence Williams China looks as though it could be well on the way to…
By Chris Marcus for www.GoldMoney.com on May 4, 2012 As funding pressures and economic distress increase in Spain, talk of a potential breakup of the eurozone has returned. There has been debate as to whether this would be a deflationary or inflationary event, and how it would affect the precious…
Author: Virginia Harrison, MarketWatch SYDNEY (MarketWatch) — Gold futures fell Thursday in a downbeat session across most commodity and equity markets, while the dollar turned higher. Gold for June delivery (CNS:GCM2) dropped $4.90, or 0.3%, at $1,649.10 an ounce on the Comex division of the New York Mercantile Exchange during…
The yellow metal seems increasingly resilient in the face of poor current fundamentals and strange downward price spikes from which it has recovered rapidly? Author: Lawrence Williams Are we seeing some interesting resilience in the gold price? Despite reported continuing subdued demand from the Indian subcontinent – one of the major…
From GoldCore Gold’s London AM fix this morning was USD 1,652.50, EUR 1,257.71, and GBP 1,020.44 per ounce. Yesterday’s AM fix was USD 1,661.25, EUR 1,253.02 and GBP 1,024.70 per ounce. Gold fell $4.40 or 0.26% in New York yesterday and closed at $1,661.70/oz. Gold rose to over $1,670/oz in…
Dear Friend of GATA and Gold: The Wall Street Journal, which back in December published an essay by a recently resigned member of the Federal Reserve Board complaining that “policy makers” were “suppressing market prices that they don’t like” and then, despite GATA’s many importunings, refused to ask him to…
Indian investors’ fancy for paper gold continues to rise with portfolios growing 61% in the past year and investments in gold ETFs surging 44% on the day of the Akshaya Tritiya festival Author: Shivom Seth India’s penchant for the yellow metal continues to grow. Even as the price of physical gold…
Gold is currently in a protracted period of consolidation and expecting a break-out but it is unclear in which direction! Down to $1,525 or up to $2,000 + – or maybe first one then the other. Interesting times! Author: Ross Norman “Speak of the devil” is a common idiom, which in…
