Tag: gold in europe

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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Pain in Spain rattles investors

The gold price staged a decent rally late yesterday, heading from an intraday low around $1,630 at 11EDT to over $1,660 over the next hour and a half. There was no obvious news catalyst for this move – no dovish Bernanke comments – apart from growing fears about Spain and Italy, something that prompted losses in equities and commodities. Aside from the gains in gold, the dollar rose slightly and US Treasury yields fell – a sure sign of growing market pessimism. Though the silver price also rallied with gold, it failed to recover above its high for the day above $31.85 – unsurprising perhaps in light of the pessimistic talk about the eurozone. […]

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Swiss National Bank intervenes to undercut Franc Strength

Swiss National Bank intervenes to undercut Franc Strength

While the Swiss Franc is lower today against the Dollar (as is the case with all of the European  majors), it has been gaining against the Euro as nervous investors in Europe weigh further escalation in the region’s ongoing sovereign debt crisis.N…

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Edgewater’s Corcoesto project in Spain continues to return exciting infill drilling results

Edgewater’s Corcoesto project in Spain continues to return exciting infill drilling results

The major miners are looking for economically viable mines capable of profitable development that are moving into the feasibility stage. The big companies are flush with cash and are eager to buy projects at wholesale prices.

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Gold Price Will Easily Hit $2000 on Central-Bank Liquidity

The Gold Price slipped $10 per ounce to $1730 in London trade Thursday morning, before regaining most of that dip as the European Central Bank kept its key lending rate on hold and the Bank of England extended its purchases of UK government bonds to £325 billion ($515bn). On completion, this Quantitative Easing will see the Bank owning nearly one-third of the UK’s outstanding national debt. “The growing consensus among central bankers is that their experiment with QE is still working,” wrote Gavyn Davies, now of Fulcrum Asset Management and previously a policy advisor to the UK government, as well as head of global economics at Goldman Sachs until 2001 and chairman […]

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