News Articles
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Investors Not Believing Economic Data, Still Prefer Gold
(Read More)Investors could be a little skeptical of the recent slew of better-than-expected U.S. economic data, which is helping gold prices in the short term, according to some analysts . . . .
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Buy Gold and save yourself!
(Read More)From time to time I am sent copies of financial commentaries from friends who subscribe to them which help give me a more balanced view of what’s really going on in the global economy than the absolute bs put out by politicians, central banks and their economist lackeys . . . .
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Guy who called gold’s bottom says it could jump 10% over next 9 months
(Read More)Gold’s price jump in February alone erased all of last year’s losses and it is probably not done climbing yet. Gold futures finished February with a gain of 10.5%. That’s about how much it lost during all of 2015. Year to date, the numbers look even better . . . .
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Deutsche Bank: It’s time to buy gold
(Read More)Gold is still expensive, but rising economic risks and market turmoil mean investors should buy it for insurance, Deutsche Bank said Friday . . . .
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Enormous Purchases into US Gold ETFs Go Virtually Unnoticed
(Read More)Strange things are happening in the gold market. We have seen some huge gold price gains over the first seven weeks of the year, while over the past weekend we saw a very strong reversal when the Western markets were closed. Perhaps even stranger...
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Russian Gold Hoard Nets $8 Billion on Worlds Best Rally
(Read More)Russia is one of the beneficiaries of this year’s 15 percent rally in gold. The Bank of Russia has steadily increased bullion reserves since at least 2006, including the purchase of . . . .
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China Imported at Least 217 Tonnes of Gold in December as London Dumped Precious Metals
(Read More)When there is no more gold left in London to export the gold price is likely to go higher on strong global demand induced by economic headwind. At the time of writing the spot gold price is $1,251.80 per ounce, up 18 % year to date, while the S&P 500 is down 9 % year to date . . . .
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Canada’s gold sell-off bucks international trend
(Read More)Other countries have been net buyers of gold since 2010, but not Canada. The Great White North has less than one ton left, the CBC reports. Last year’s reserve was modest enough, but . . . .
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Collapse Of the Paper Gold and Silver Market May Be Close At Hand
(Read More)There is something seriously wrong taking place in the markets today. This is also true in the paper gold and silver markets as well. For a paper precious metals futures market to function properly, there has to be ample supplies of physical gold and silver. However, the ongoing trend of falling precious metal inventories points to big trouble in the paper gold and silver markets . . . .
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China is on a massive gold buying spree
(Read More)Gold imports to China have surged over 700% since 2010 ... exactly what China is doing with all that gold remains somewhat of a mystery . . . .