March 11, 2014
Gold prices higher on safe-haven buying as traders keep an eye on Ukraine. U.S. stocks end lower, Nasdaq declined for 4 straight days. Gold last traded at $1,346 an ounce. Silver at $20.82 an ounce.
Flush investors take shine to rare coins- CNBC--2.19.14
Many wealthy investors continue to pout their money into nonfinancial "treasure assets" such as collectible rare coins in an attempt to diversify their portfolio.
Is China Buying Gold to Eliminate US Dollar as World Reserve Currency? - Gold Investing News--3.4.14
China has been aggressively buying physical gold in the last few years. Some market watchers speculate that the country's end goal is to make the yuan a reserve currency. According to Ned Goodman, China's end goal it to eliminate the U.S. dollar as the reserve currency.
Barclays, Deutsche Bank Accused of Gold Fix Manipulation - Bloomberg--3.4.14
Barclays, Deutsche Bank and three other banks were accused in a lawsuit of manipulating the London gold fix. Authorities all over world are examining the gold market for signs of wrongdoing.
The empire strikes back: Why gold will matter in 2014 - The Economic Times--3.4.14
So far this year gold prices have rose 10.4% as emerging market economic weakness combined with rising geopolitical tensions revived its status as a safe haven investment.
Crimea, the Fed, China and Gold - Mineweb--3.4.14
Easing tensions in Ukraine put a pause on gold's recent gains, but its longer term factors like the current state of the U.S. economy and Chinese demand will set the gold price pattern for the year ahead.
Gold Fix Study Shows Signs of Decade of Bank Manipulation - Bloomberg--2.28.14
According to some researchers, the London gold fix, the benchmark used to value the metal, may have been manipulated for a decade by the banks setting it. Authorities all over the world are already investigating the manipulation of benchmarks from interest rates to foreign exchange and examining the $20 trillion gold market for signs of wrongdoing.
Gold Bugs Return After Last Year's Rout- The Wall Street Journal--2.27.14
So far this year gold is up 11%. In the past month, investors were net buyers of SPDR Gold Shares for the first time since December 2012. Many money managers are betting that the gold market hit a bottom at the end of 2013 and the metal is regaining its role as a hedge against inflation.
Three warning signs from higher gold prices - Market Watch--2.26.14
So far this year gold has made a strong start to 2014. Gold prices have rose 10% since Christmas and is now back above $1,300, its best start to the year since 1983. Traditionally, rising gold prices have been a warning sign for trouble ahead.
California Couple Finds $10M Buried Treasure in Back Yard - Yahoo! News--2.26.14
A California couple uncovered a buried treasure of rare coins estimated to be worth $10 million. The couple is trying to remain anonymous after finding five cans full of gold coins on their property.
On gold – the banks they are a’changing - Mineweb--2.26.14
We are beginning to see cracks in overall bearish sentiments towards gold expressed by many bank analysts earlier this year. There are many drivers out there which are positive for gold and suggest that the recent gold price recovery could be sustainable.
Gold Hits 4-Month High On Safe-Haven Demand, Bullish Technicals - Forbes--2.24.14
Gold prices are sharply higher, hitting a four-mount peak in early trading amid an increase in safe-haven demand and a slowly improving economy. Instability in Ukrain has cause an increase in geopolitical worries, also helping boost demand for the metal.
Gold Investors: If We Can’t Hold It, We Don’t Want It- Wall St. Cheat Sheet--2.20.14
Last year, gold saw its first annual decline since 2000, falling 28 percent in 2013. Bargain hunters seeking hard assets pushed physical demand to all time highs. In 2013, total bar and coin demand surged 28 percent while consumer demand for gold in China exceeded expectations.
Flush Investors Take a Shine to Rare Coins - CNBC--2.19.14
Many wealthy investors continue to pour more of their wealth into nonfinancial "treasure assets," such as collectible rare coins, in an attempt to diversify their portfolios. Experts believe that today's treasure seekers want not only a beautiful object but a savvy investment as well.
Gold’s doing something it hasn’t done in a long time- Yahoo! Finance--2.19.14
Despite a rough 2013, gold has been turning itself around. Ralph Acampora of Altaira Wealth Management see more upside for gold based on its short-term charts.
Gold's time has come! Get long the miners: Ryan Detrick - Yahoo! Finance--2.19.14
Suddenly in 2014 Gold has regain its popularity, jumping more than 7% higher while equities struggle. According to Ryan Detrick of Schaeffer's Investment Research the rally in gold is just getting started.
Gold Prices Hurdle Technical Milestone - Money Beat--2.18.14
Gold prices have recently jumped above a key technical indicator that bolsters the case for continued gains ahead. Gold has now moved above its 200-day moving average, a good sign for the metal.
US buyers once more warming to gold – UBS- Mineweb--2.17.14
Gold is up over 9% year to date and sentiment towards the metal seems more positive than it was six weeks ago. One of the reasons sentiment has changed is because there are no expectations for a more aggressive Fed policy.
Gold Surges Above 200-Day Average On Short Covering, Dollar Weakness - Forbes--2.14.14
Gold sharply rose on short covering Friday as the dollar remained soft. The weaker U.S. dollar is playing a large role in the non-stop short covering. Gold has steadily advanced all month even though the S&P 500 futures have also closed higher the last six days.