News Articles

Momentum is continuing to build in gold bullion purchases as supply shortages and high premiums on physical metal are being reported all around the world . . . .

Billionaire investor John Paulson told investors on Wednesday he is staying the course on gold even though there may be more short-term volatility in the price of the metal.

The New York-based hedge fund manager has long stuck by his thesis that gold will . . . .

The monumental short selling on COMEX on Friday and Monday had the desired effect - it took out key technical levels and precipitated a cascade of further selling as traders who were long the June contract capitulated. The selling begat more selling and the rest is history. A classic short squeeze executed to perfection . . . .

In India, retailers are witnessing a surge in demand and expect up to 50 per cent spike in sales volume in this marriage season . . . .

On April 15, gold spot prices dropped more than 7% in the first two hours of trading in the U.S., expounding upon the 5% drop in price that took place on Friday. This crash of more than $200 per ounce over the past two trading days provides a warning sign, and a precursor to a major financial crash coming to the global economy . . . .

Cyprus has agreed to sell excess gold reserves to raise around 400 million euros and help finance its part of its bailout . . . .

In a final poll at the Second edition of the Dubai Precious Metals Conference 63 per cent of delegates thought gold was heading towards $3,000 by 2014 and 37 per cent voted for a tumble towards $1,000. The vote followed a lively discussion between the conference’s leading bulls and bears . . . .

Gold imports by India, the world’s largest bullion buyer, may increase 31 percent this quarter after prices dropped to a 10-month low and festivals and weddings spur sales of jewelry, a trade group said . . . .

At first blush Texas might not seem to share much in common with Germany. But in addition to being the largest states in their respective unions, Texas, like Germany, now wants to take physical possession of its physical gold reserves stored outside the state.

A few years back the Texas university system made headlines by making huge investments in gold, not shares in gold-backed ETF’s or mining companies, but actual gold, a billion dollars worth of it, in fact, which is now currently stored in New York . . . .

Concerned about the out-of-control Federal Reserve System and the increasingly unstable fiat dollar managed by the privately owned central bank, lawmakers in Arizona are following in Utah’s footsteps to come up with a potential alternative that protects citizens . . . .