.Chinese investors should be back on the “gold buying job” today. To understand why that is, please click here now. Twice a year, Chinese citizens celebrate “Golden Week”. Businesses are generally closed, and workers spend time with their families.
2.Chinese gold buyers should become qu... read more
(Reuters) - Indian silver imports are on pace to hit a record high this year as the wedding and festival season drives up buying of the precious metal instead of the traditional gold, made scarcer and dearer by official measures aimed at cutting the trade gap.
Higher silver demand in the world's biggest buyer may help support prices, which have fallen almost 30 percent this year on the inter... read more
I spent the past weekend in Tucson for the Casey Research 2013 Summit, indeed a memorable and information-packed experience (you can catch the audio of it here). It was truly a pleasure to meet with everyone who joined us.
Notably, it was extremely encouraging to meet so many intelligent people who had taken concrete s... read more
Billionaire hedge fund manager Paul Singer holds a pessimistic view of the global financial system, saying he believes the Federal Reserve easing back on its asset-purchasing program is "off the table" even though investor confidence could sour quickly.
"The conditions for a loss of confidence are here right now," Singer said at The Wall Street Journal's Heard on the... read more
* Gold climbs after 0.8 pct gain in previous session
* U.S. shutdown in second week, looks set to continue
* China returns from holiday, provides some support for
prices
(Updates prices)
By A. Ananthalakshmi
SINGAPORE, Oct 8 (Reuters) - Gold extended gains to a second
session on Tuesday as the U.S. government shutdown dragged on
and a deadline to raise the nation... read more
Political Grandstanding and the Dreaded 'Shutdown'
There have been 18 so-called 'government shutdowns' in the US in the past four decades, including the current one. Some were of very short duration, lasting only a day or two, a few lasted much longer (the record was the 21 day event in 1995). These shutdowns tend to happen regularly when the administration is in cohabitatio... read more
Gold climbed $11.80 or 0.9% yesterday, closing at $1,322.40/oz. Silver soared $0.65 or 3% closing at $22.33. Platinum climbed $15.89 or 1.2% to $1,396.49/oz, while palladium rose $2.47 or 0.4% to $699.47/oz.
Gold is being supported as the U.S. government shutdown that continues with no end in sight and the deadline to raise the national debt ceiling looms, burnishing gold's safe haven appeal... read more
I’m sure you’ve heard, the U.S. government is shutdown and has put more than 800,000 federal employees on unpaid leave, closed National Parks and museums, and limited operations in various departments of varying degrees of importance.
Another significant consequence of the shutdown is the affect it is having on the U.S. dollar. On Tuesday, the dollar index broke below the significant p... read more
As we speak gold is selling for far more than the quoted spot price we see on various web sites. That spot price is a dollar price which does not take into account the fact that this world is neither homogenous, informed, static nor safe.
But what price do people pay if it isn't the spot price plus a couple of percentage points?
The individual who buys a piece of jewellery in a US or Euro... read more
