May 17, 2013
Gold prices ended solidly lower on upbeat economic data and selling pressure. U.S. dollar hit near three-year highs. Gold last traded at $1,358 an ounce. Silver last traded at $22.21 an ounce. Problems Starting at the Top
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Is There Any Among You That Can Challenge the Claim That Gold Will Double Again - Townhall Finance--5.17.13
Prior to the debt crises, the Dow reached a high of 14,164.53 in October of 2007. We later learned this was an artificial high achieved through spending of money that never existed and was acquired through loose money policies. The money supply eventually dried up and when the bubble burst in 2009 the Dow lost nearly 60% of its value.
Further Declines in Gold - Kitco--5.17.13
The fall in the price of gold has triggered a new run of physical gold that shows no signs of stopping. The strength of physical retail buying has taken dealers and mints all over the world by surprise and scrambling to keep up with demand. There seems to be a growing disconnect between paper and real gold and likely that paper sellers didn't foresee the rush to physical gold.
A 'Tug of War' That Puts a Floor Under Gold - CNBC--5.16.13
According to analysts, a tug of war between physical gold buyers and institutional sellers will put a floor under the metal. Buyers of physical gold think differently than ETF buyers. Physical buyers do not have confidence in the central banks who continue to pump liquidity into the market and eroding the value of money.
Why gold won't stay down - MSN Money--5.15.13
Fundamentally, there couldn't be a better time to own precious metals, but technically, precious metals have taken a beating. Given that currencies are still being diluted, the core bullish argument for metals still remains. When the world is being flooded with cheap money, the prices of tangible assets will eventually increase.
Physical demand for gold is on the rise, but so is silver’s - Market Watch--5.9.13
It is widely know that the physical demand for gold has been increasing as gold prices fall. However, the physical demand for silver has also shown an increase as well. So far this year the U.S. Mint has sold more than 19 million one-ounce American Eagle silver bullion coins. During the same time frame last year, the Mint only sold 14.5 million.
Silver Coin Dealers Are Reporting Very High Quality Fakes - Market Daily News--5.7.13
As precious metal prices rise, so does the age-old scam of counterfeits. Fake gold coins and bars have been discovered at dealers all over the world. Some analysts even suspect that central banks may have fallen prey to the scam. Recently, scammers have turned their sights on the official one ounce bullion coin of the United States - The American Silver Eagle.
The Enduring Glow of Gold - Caixin Online--5.6.13
The global economy has already entered into stagflation with a growth rate of 2 percent and inflation at 3 percent. With an inflation rate twice as high as the growth rate, the global economy will slip deeper into stagflation. Despite the recent setback, gold remains a big beneficiary of the current macro environment and has the potential to reach new highs in the current year and rise much higher in 2014.
World Bank Whistle-blower: “Precious Metals To Serve As An Underpinning For Paper Currencies” - Bull Market Thinking--5.6.13
Karen Hudes, former Senior Counsel to the World Bank, indicated that western power structures are breaking down and economic and political influence are gravitating toward BRICs nations all amid a pending currency transition which will highly favor precious metals.
Two hedge fund billionaires sticking with gold as the only real store of value - Arabian Money--5.6.13
Gold bugs may be struggling at the moment but there are still some impressive gold fans among the most successful hedge fund billionaires. Gold remains the best store of value in an uncertain global economy.
Gold powers ahead after ECB cuts interest rates - Market Watch--5.2.13
Gold climbed more than 1 percent as the market took in news of fresh stimulus from the European Central Bank in the form of rate cuts. On Thursday, the ECB cut its main refinancing rate by 25 basis points to .5 percent. ECB President Mario Draghi vowed that monetary policy would remain accomodative.
U.S. Mint Sales of Gold Coins Jump to Highest in Three Years - Bloomberg--4.30.13
Sales of gold coins by the U.S. Mint rose to the highest since December 2009 after the price of the metal fell the most in 16 months. Last month, sales totaled 209,500 ounces. Silver-coin sales rose to 4.2 million ounces from 3.36 million in march.
Arizona lawmakers pass bill making silver, gold legal tender - Reuters--4.30.13
Arizona lawmakers approved a measure to make gold and silver legal currency in the state in response to what backers said was a lack of confidence in the international monetary system. The bill calls for Arizona to make gold and silver coins and bullion legal tender beginning in mid-2014.
Gold Rush From Dubai to Turkey Saps Supply as Premiums Jump - Bloomberg--4.30.13
Surging demand for gold from Dubai to Istanbul has pushed physical premiums in the region to levels not seen in years. Gold fell this month to its lowest level in two years on speculation that the global economy is recovering, unleashing a purchasing frenzy among coin and jewelry buyers.
Down on Gold? Here's Why You Should Be Buying - CNBC--4.29.13
Attractive valuation and renewed demand for physical gold could be putting a bottom in for the metal which has been seeing a lot of volatility. Last week, gold rallied three percent, mostly due to surging demand for the metal. One analyst suggests the near term remains somewhat murky, but the longer outlook remains solid.
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