Gold is remaining steady ahead of the key U.S. Fed policy meeting later today.  Mixed economic data from the U.S. has left no clues as to when the Fed will taper its stimulus program. Gold bullion prices reached a five week high of $1,347.69/oz last week. read more
Gold rose $1.50 or 0.11% on Friday and closed at $1,333.00/oz. Silver fell $0.17 or 0.84% and closed at $20.03. Gold and silver both gained last week 2.98% and 2.77% respectively. Gold inched lower today after three weeks of bullish sentiment saw gains for the yellow metal. Caution arrived as investors await the U.S. Federal Reserve, the Bank of England and the ECB's policy meetings this wee... read more
The main determinant of asset prices in recent years has been the level of long term real interest rates, which remain remarkably low, and are expected to remain remarkably low for some considerable period. When you've got such low long term real interest rates, asset prices, all asset prices, will inevitably be high. And on that basis, as the Committee explained, very clearly be... read more

The true Gold price is PP in the graph, while the phony price is P* since it is associated with supply shortage and excess demand. A picture might be worth a thousand words, but sometim... read more
Russia continues its gold buying spree, adding 0.3 tonnes to its 996.4 tonne stockpile, marking a nine month increase, according to the IMF’s June statistics report. Russia’s Central Asian neighbors followed suit in June- Kazakhstan boosted reserves by 1.4 tonnes to a total of 130.9, Azerbaijan added 2 tonnes for a total of 8 tonnes, and Kyrgzstan, which bought less than 0.1 tonnes to to... read more
On the heels of J.P. Morgan announcing its desire to exit the physical commodity business, they also clearly indicated they were staying in the gold and silver business.  From J.P. Morgan’s release:  “J.P. Morgan has also reaffirmed that it will remain fully committed to its traditional banking activities in the commodity markets, including financial derivatives and the va... read more
(Reuters) - Precious metals storage firm Malca-Amit will open a new facility in Singapore this week that can hold up to 200 tonnes of silver, and plans to add more capacity to meet growing demand for the metal in Asia. Silver prices have fallen 35 percent this year and are trading near three... read more
Is the paper gold scam about to be brutally crushed by a crippling shortage of physical gold?  If so, what will that do to global financial markets?  According to the Reserve Bank of India, “the traded amount of ‘paper linked to gold’ exceeds... read more
Gold climbed in New York, after three weeks of gains, as the dollar’s decline spurred demand for an alternative asset and before U.S. Federal Reserve policy makers meet this week. Bullion futures are up 9.1 percent this month, set for the biggest monthly gain since January 2012. July’s gain was driven by investors closing out bets on p... read more
The prevailing mantra on Wall Street is that gold's bull market is now over and it's time to bury precious metals as an investment theme for the indefinite future. Their rational is based on the belief that many investors held misguided fears during the credit crisis about a breakout of massive inflation and economic chaos, which drove gold to nearly $2,000 per ounce. Of course, (the perma-bull... read more