News Articles

Global economic uncertainty may prompt return to safe haven gold buying. January 2015 has already been remarkable for the number of Black Swan (unanticipated) events which have hit the markets in such a short space of time . . . .

The latest SGE withdrawal figures show withdrawals of 70 tonnes for the week ending Jan 16th – the third highest weekly figure ever. The recent rise in the gold price, now standing at just below the $1300 mark, does not yet appear to have put a dent in Chinese gold demand as represented by withdrawals from the Shanghai Gold Exchange (SGE) . . . .

German gold repatriation continued in 2014 at a higher pace – but the overall slow speed leaves many questions unanswered and again raises arguments for auditing the Fed. Be careful what you wish for . . . .

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 . . . .