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Kaye: “Investors have a number of things to be concerned about at this point. One such problem is the Middle East. Things aren’t going very well in Syria, and I think it’s pretty apparent that it’s the rebels, and Western forces are backing them, who are causing most of the mischief.
Even the U.N. report correctly said that its own task force determined that the... read more
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Today’s AM fix was USD 1,403.75, EUR 1,065.63 and GBP 899.67 per ounce.
Yesterday’s AM fix was USD 1,391.25, EUR 1,056.06 and GBP 893.09 per ounce.
Gold climbed $17.50 or 1.26% yesterday, closing at $1,411.80/... read more
"Ten days ago, it was a tongue in cheek suggestion that the Reserve Bank of India should lease their gold in a last ditch effort to procure much needed USD and keep the economic engine going. Then it was an offer so good, the citizens could simply refuse (or maybe not... read more
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As a general rule, the most successful man in life is the man who has the best information
According to Bloomberg, whose calculations were based on Hong Kong customs data, net gold imports into China more than doubled in the first half of 2013 to 493 metric tons, up from roughly 239 tons over the same period in 2012.
The China Gold Association said g... read more
"Gold has fallen after a continuous five-day rise which saw it briefly touch $1,400 dollars an ounce. Gold has fallen after a continuous five-day rise which saw it briefly touch $1,400 dollars an ounce. It has been a tumultuous time for the precious metal and now it is up to investors to predict what move it will make next. Joining ABN’s Lindsey Williams to share his views is James Rickards,... read more
"Back in November 2003, before the Hat Trick Letter was hatched and launched, a seminal article was written about 25 reasons why Gold will rise. It was updated afterwards, around 2008 with a couple more reasons. Given the extreme situation in the last few months, the entire outlook has changed. The gnarly intrac... read more
"Gold jewelry demand in Indonesia is set to expand to a four-year high as consumers inSoutheast Asia’s biggest buyer join India to China in increasing purchases as prices slump and the middle class expands.
Consumption of necklaces,... read more
"NEW YORK (Reuters) - Trading in shares of more than 3,000 U.S. companies listed by Nasdaq, including Google, Apple and Microsoft, was abruptly halted shortly after midday on Thursday because of a technical problem, the latest black eye for the U.S. securities trading business.
All traffic through Nasdaq stopped at 12:14 p.m. (1614 GMT), the exchange said on its website, citing a problem dis... read more
The Fed's QE (quantitative easing) program has created multiple trillions of dollars since it first started in 2008.
But now there are signs the QE policy will finally come to a close.
On June 19, Federal Reserve Chairman Ben Bernanke announced the Fed may start to taper its QE by the end of the year if it met an unemployment target of 7%, while keeping a targeted inflation rate at 2%.... read more
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Silver prices have rebounded about 28% since the lows of late June, and are currently trading at around $23 an ounce.
This move was key for silver prices - it means the metal broke out above its 50-day moving average.
Barclays' technical analysts poi... read more
