RSSCategory: Articles: General

Paulson Buys Gold & Becomes Largest Shareholder Of GLD ETF

| November 22, 2012 | Articles: General
Paulson Buys Gold & Becomes Largest Shareholder Of GLD ETF

Back in the summer, when the gold price was hovering at its critical juncture at around $1,550, we wrote that smart money like Paulson and Soros was accumulating gold. Obviously the Chinese belong to this group too. It appeared afterwards that smart money prevented the gold price to drop below $1,520, a price point that acted as the ultimate support. Today Bloomberg reported that Paulson has been continuing his gold purchases, mainly via the SPDR Gold ETF. He just became the largest owner of the GLD, based on the Nov. 15 SEC filing. That’s more than remarkable news. These are the figures that give an idea of the magnitude of Paulson’s gold holdings: Paulson currently owns […]

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Silver Demand: Industrial Outlook Till 2014

| November 21, 2012 | Articles: General

The Silver Institute just published the research report “The Outlook for Silver Industrial Demand.” The research, executed by Thomson Reuters GFMS, examines the current and future outlook for global industrial silver demand. We quote from the summary of the report: At present, against a backdrop of a continuing sluggish global economy, a downturn in silver industrial demand is forecast for 2012, although a recovery in 2013 will see these losses entirely recouped. The report states that during 2012-14, some silver industrial market segments will outperform, including the use of silver in ethylene oxide (EO) plants, which is already experiencing a strong performance this year. Silver oxide is employed as a […]

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Gold In China – Update November 2012

| November 16, 2012 | Articles: General

Lots of news is coming out of China these days. We’ve selected the three most valuable insights and quote them in this article. Today Mineweb wrote that gold demand in Q3 had fallen compared to a year earlier and that the decrease was due to decreased demand out of China as the Chinese economy is slowing down. Global gold demand dropped 11 percent in the three months to September from record levels seen in the same period last year, dampened mainly by fading Chinese fervour as its economy slowed, with stronger Indian demand stemming a larger fall, the World Gold Council said. Chinese gold consumption fell 8 percent in the July […]

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Why Not Gold Instead Of The US Dollar, Says Turkish Prime Minister

| November 13, 2012 | Articles: General

The international pressure on the usage of the US dollar as a world reserve currency is increasing. Turkish Prime Minister Erdoğan openly asked why the International Monetary Fund is not using gold as its reserves instead of the dollar. It’s becoming increasingly clear that the dollar isn’t necessarily a blessing but rather an issue for some countries. These are some highlights from what Erdoğan publicly said (source: Sabah.com.tr) Expressing that he doesn’t feel it is right for the IMF to act according to one nation’s currency, Erdoğan states, “The IMF extends aid on a who, where, how and on what conditions bases. For example, if the IMF is under the influence of […]

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Gold Rush – A New Ebook About America’s Gold Rushes

| November 13, 2012 | Articles: General

The new ebook “Gold Rush!” by Mike Landfair answers the question “How do I buy Gold?” It is written for the novice who wants to protect his or her wealth, but doesn’t know how. Mike Landfair has been writing about Gold (and Silver) and making predictions about future precious metal prices for almost a decade. He wants to help people to survive the collapse of fiat currencies. The author describes in his book the two Gold rushes that America has experienced. He believes we are about to go through the third one. The first Gold rush began in 1848 with the Gold discovery in California and sparked radical change in […]

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Gold & Silver Today – November 7th

| November 7, 2012 | Articles: General

Our selection of today’s gold and silver news: Gold Daily and Silver Weekly Charts – Good To Be Back Home Again Source: Jesse’s Crossroads Cafe | 2012-11-07 Gold, shares gain, dollar slips after Obama victory Source: SGT Report | 2012-11-07 Charteris: Silver to Rise 500%, Gold to Hit $2,500 in 2015 Source: SGT Report | 2012-11-07 Hathaway: Gold Setup To Super-Surge To New All-Time Highs Source: King World News | 2012-11-07 Obama Wins; Gold And Silver Jump 2 and 3 Percent Source: Gold Core | 2012-11-07 GATA’s clamor reaches an ever-wider circle of the gold universe Source: GATA | 2012-11-07 Richard Russell – I See Catastrophic Insane Bubbles Everywhere Source: […]

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GE Christenson About His Ebook: Survival Investing With Gold and Silver

| November 1, 2012 | Articles: General

GE Christenson launched an ebook “Survival Investing.” He wrote the book because of his conviction that inflation is an inevitable event. There are dangers associated with the current global money printing schemes, which people should be aware of. These monetary topics are not easy to grasp, so the author created a book that’s easy to read and simple to understand. It’s written in a way that people could relate to the ideas and examples in the book, in order to understand the necessity of hedging their purchasing power to inflation. The author says: “I lived through the inflation of the 1970’s in the United States. I fully expect the coming […]

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Central Banks’ Paper Gold vs Physical Gold: Is The Dust Settling?

| October 26, 2012 | Articles: General

Much has been written lately with regard to the central banks’ gold holdings. One of the triggers was the news out of Germany, where the debate about Germany’s real gold holdings became very hot this week. Among others, financial journalist Lars Schall came out with the results of his “field research”. His findings were that institutions like the German Bundesbank, the Bank of England, the US Federal Reserve and the IMF, refuse to reveal figures about  their real physical gold holdings. It’s a confirmation of what was already known, but it caught the attention of mainly the alternative media as well as GATA and increases the pressure for transparency. The “good news” from […]

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One Chart Explains Why Government Debt Is Dragging on the Economy

| October 25, 2012 | Articles: General
One Chart Explains Why Government Debt Is Dragging on the Economy

By Dan Steinhart, Casey Research The US has too much debt. This is no longer a controversial statement. Some may believe other problems are more urgent, or that we need to grow our way out rather than slash spending. But even the most spendthrift pundits acknowledge that the debt-to-GDP ratio of the US must decrease if we are to have a stable, prosperous economy. The private sector has reacted to this over-indebted reality as you would expect: by deleveraging. Since 2008, households and businesses have extinguished of 67% of their debt when measured against GDP. Some paid debt down purposefully, and others defaulted. For our purposes, it doesn’t matter how […]

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Financial Astrology: Japan’s Economic Recovery

| October 20, 2012 | Articles: General

There could be an interesting paradigm shift occurring in Japan that could set the stage for a new era of prosperity in a country that for the last 20 years has endured a rudderless economy. The planet Pluto is transiting the first house of the nations chart, and will make a trine to the nations Sun October 19th. The significance here is the first house represents the people of the nation and a “fresh start.” It could be that the government has intentionally derailed the economy for the last 20 years, racking up debt and eclipsing the GDP by over 230%. The recovery could come this time from the people, […]

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Gold price today – August 29, 2012

Gold price today – August 29, 2012

The gold price didn’t move much today. For the past couple of days, the prices are rather stable between the 1,650 US dollar and 1,675. If gold can hold the 1,650 support level, it would be a very good sign of strength. After a spectacular week where gold and silver broke out of their narrowing range,  it seems to be time for a break. The short term consolidation is somehow logic, with the assumption that we are at the beginning of the breakout process.   It seems that Investors are waiting for decisions from the Central Banks in the US and Europe. The US Fed is having their meeting on Thursday and […]

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Why Junior Gold Stocks Are Still the Place to Be

| August 7, 2012 | Articles: General

Edward Karr, CEO of Geneva-based RAMPartners, favors a disciplined, patient and steady approach to investing in junior gold mining companies. In this exclusive interview with The Gold Report, Karr shares his thoughts on the European crisis, its effect on gold prices and some of his favorite junior gold mining companies. Companies mentioned: CONTINENTAL RESOURCES GROUP INC. – GOLD STANDARD VENTURES CORP. – PERSHING GOLD CORP. – VALOR GOLD CORP. The Gold Report: Edward, because you’re based in Switzerland, it would be interesting to get your perspective on the Eurozone’s new rescue fund, the Eurozone Stability Mechanism (ESM). There is talk in the market that it could get a banking license, which would provide it access to European Central Bank […]

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HSBC predicts gold rally to $1,900+ by year-end

| August 7, 2012 | Articles: General
HSBC predicts gold rally to $1,900+ by year-end

There are increasing signs that Spanish Prime Minister Mariano Rajoy appears amenable to a European-Union bailout for Spain, despite the fact that this would mean to all intents and purposes relinquishing his government’s remaining fiscal sovereignty to Brussels. The FT’s David Gardner notes that Rajoy’s government has “the feel of a government approaching the end of its terms” – despite being a majority administration that’s only been in power for seven months. Gardner’s article quotes a former editor of El Pais who expresses concern at the PM’s inability to articulate a viable recovery plan: “one sometimes gets the impression that Rajoy speaks in public as if he was addressing a parish where the internet has […]

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Gold Price hits 3-week high as ECB’s Draghi vows to do whatever it takes to preserve the Euro

| July 27, 2012 | Articles: General
Gold Price hits 3-week high as ECB’s Draghi vows to do whatever it takes to preserve the Euro

The wholesale Gold Price leapt more than 1% inside an hour Thursday morning in London, hitting 3-week highs above $1620 per ounce, after European Central Bank chief Mario Draghi said “The ECB is ready to do whatever it takes to preserve” the single Euro currency. “And believe me, it will be enough.” Speaking in London one day after the Gold Price jumped following fresh rumors of more quantitative easing by the US Federal Reserve, Draghi didn’t specify plans, but pointed to the high bond yields now being paid by Eurozone members such as Italy and Spain. “To the extent that the size of these sovereign premia hamper the functioning of the monetary policy transmission channel, […]

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