Gold and the evolution of the dollar

As more and more liquidity is pumped into the global financial system, so gold bugs have become increasingly vocal about the precious metals monetary properties and the importance of hard assets. And, for good reason, they argue, the metal has been used as a monetary asset for centuries.  But, while it remains a medium of […]

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Gold Bulls Persist on Dollar Drop as Stimulus Kept: Commodities

Gold analysts are bullish for a second week on speculation that prolonged U.S. stimulus and a weakening dollar will boost demand for the metal as a haven. Seventeen analysts surveyed by Bloomberg News expect prices to advance next week, nine are bearish and six neutral. The Bloomberg U.S. Dollar Index, a measure against 10 currencies, slid to […]

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Bullion banks “selling gold they don’t possess”. Squeeze alert!

The statement in the title relates to a frustrated comment in a recent King World News interview with John Hathaway, a renowned gold stocks analyst who manages the well-respected Tocqueville Gold Fund in the USA.  Now, this factoid will not be news to regular readers of Mineweb,  or to any avid follower of the gold market, and […]

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Investors roll snake eyes in $2.4m Vegas precious metals scam

“Las Vegas may now be competing with Florida as a hot spot for precious metals scams, as the U.S. Commodity Futures Trade Commission announced Monday it has filed an injunctive enforcement action against three Nevada companies who reportedly took in $2.4 million in a precious metals trading swindle.”   Continue reading on mineweb.com

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Gold Bulls Raise Wagers Most in Month on Stimulus: Commodities

“Hedge funds’ combined holdings in gold futures rose the most this month as continued U.S. monetary stimulus spurred investors to sell short contracts and sent prices toward the first quarterly advance in a year. The net-long position in bullion jumped 12 percent to 78,654 futures and options in the week ended Sept. 24, the most […]

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Jumping Chinese gold imports on pace to 1,000 tonnes

“Even as the Indian government is seeking to restrict gold imports and is coming down hard on gold loan companies across the country, China could well be on its way to import 1,000 tonnes of gold for the whole year if recent buying trends continue. China has imported through Hong Kong 129 tonnes of physical […]

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Gold Traders Most Bullish Since March as Paulson Cuts

“Gold traders are the most bullish in five months on signs that demand for coins and jewelry increased during a plunge in prices that prompted billionaire investor John Paulson to cut his holding for the first time since 2011. Thirteen analysts surveyed by Bloomberg expect prices to rise next week, four were bearish and five […]

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CFTC war on precious metals schemes snares supposed scam

“The U.S. Commodity Futures Trading Commission is keeping up the pressure on Southern Florida companies reportedly involved in multi-million fraudulent precious metals schemes—this time accusing the Worth Group and a brother and sister team of fraud in a scheme involving $73 million in precious metals sales. The complaint filed Tuesday in the U.S. District Court […]

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Silver outperforming gold as precious metals prices rise

“Weakness in the dollar, together with what appears to be a boost to Chinese industrial growth on the latest data, with a reduction in talk of Fed tapering has led to a mini-surge in the gold price, while silver has done even better living up to its tendency to outperform gold on the up.  For […]

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Fake Chinese Trade Data Pushes Fake US Futures Higher

“Overnight, just as Japan was threatening to roll risk over even more (at the end of the day, or rather night, it did, sliding over 200 point bringing the two day total plunge to nearly 800 points) China reported trade numberswhich were “better than expected” even though the net GDP contribution from the overall surplus was […]

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