News Articles

Precious metals advanced to start the new trading week on Monday. Gold and silver notched a second straight session of gains while platinum and palladium extended their winning streaks to three sessions . . . .

Someone with a big pocket, for sure a professional, made a huge Gold bullish option bet during the last trading session. The trader purchased 40,000 Mar 2015 GLD or SPDR Gold Trust (ETF) (NYSEARCA:GLD) gold call options . . . .

Gold demand in China remains strong in the build-up to the Lunar New Year, with gold price premiums on the SGE rising to 7%. Traditionally Chinese New Year celebrations involve gold gifting, and January tends to be the month that gold traders and banks stock up ahead of the date . . . .

Fake antique gold and silver US coins – many purporting to be more than 200 years old — are flooding the US resale market from China, and Congress just passed a law to do something about it . . . . 

The metal is the only store of wealth that has a proven track record over thousands of years, and experts predict prices to remain at $1,200 in the year ahead . . . .

The problem with most of those delighting in Russia’s apparent comeuppance for what the West views as its expansionary destabilising tactics in Crimea and Donbass is that they aren’t Russian.  They assume Russians will act like Americans or western Europeans to a financial crisis and come rushing back, cap in hand, to beg forgiveness . . . .

H.R. 2754 Collectible Coin Protection Act  WAS PASSED BY THE SENATE ON DECEMBER, 15, 2014 AND ON ITS WAY TO BE SIGNED BY THE PRESIDERNT OF THE UNITED STATES!

The Collectible Coin Protection Act helps combat the counterfeiting of numismatic items and grading-service slabs . . . .

Apologies for returning to Chinese and Indian gold demand again – but we do feel these two nations are so important for the future of the gold price given the huge amounts of gold they continue to absorb. This in total has to be close to, or even perhaps will exceed, annual new mined gold production . . . .

The European Central Bank’s Governing Council expects to consider a package of broad-based asset purchases including sovereign debt next month. ECB President Mario Draghi said today that policy makers “won’t tolerate” a prolonged period of low inflation, and that officials discussed “all assets but gold” as potential targets for purchases  . . . .

Q3 was a subdued quarter for the gold market. The data bears this out: gold demand eased down by 2% and the gold price was relatively stable. Quarterly volatility in the US$ gold price was among the lowest levels seen over the past two decades.

Read the complete World Gold Council 3rd Quarter report at:
http://www.mintstategold.com/articles/WGC_2014_3rd_Quarter_Gold_Demand.pdf