News Articles

I have every reason to believe gold will easily hit $5,000, or higher, by mid-2016 . . . .

China has just one thing to say to all those who engage in the now daily slam downs of gold just around the time of the London fixing ... "thanks." China has imported an unprecedented 2,116 gross tons of gold from Hong Kong (in addition to the hundreds of tons produced domestically), for the first time crossing the 2k gross ton import barrier in a two year period!

Indeed, in a "shocking" turn of events, China actually buys more physical gold when the price is lower than higher . . . .

If “they” can get you to ask the wrong questions[s], “they” do not have to worry about giving the right answer[s].

The question most have been asking is, why aren’t the prices of gold and silver reflecting the unprecedented huge demand and the almost depleted holdings of the exchanges and central banks?

Article after article has been retelling the stories of long lines to buy silver and gold, all over the world, Russia and China buying . . . .

The year 2013 in the gold investment market will be remembered as the year of China, so we’ve produced a stunning infographic detailing China’s great golden rise to power.

In just a few months the world’s largest country will overtake India as the biggest consumer of gold and its gold market continues to break records . . . .

The U.S. dollar is under pressure, but the current bout of minor weakness could be just the "calm before the storm." With political squabbling in Washington D.C. stealing headlines, the greenback is slumping as the nation hurtles toward a potential government shutdown on Oct. 1 . . . .

Gold continues to be impacted by continued outflows from Exchange Traded Funds (ETFs) reaching 24 tons and year-to-date at 694 tons. Therefore, investors are advised to watch inflows into ETFs in the coming days for further cues . . . .

The gold price spiked more than $55 or over 4% to a high of $1,364.60 an ounce in late trade on Wednesday after the Federal Reserve announced no cuts to its economic stimulus program . . . .

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 . . . .

Gold prices climbed back above the $1,400 an ounce on Tuesday after Interfax reported that Russia detected a missile launch. The Russian Defence Ministry declined comment to Reuters. The news caused a spike in gold prices which later dropped back below $1400 an ounce only to rise again during the second London gold fix . . . .

India’s demand for gold during the second quarter of 2013 topped all other countries, according to the latest World Gold Council data. As noted by GoldCore, the demand for gold in India rose to its “highest in the last 10 years,” with jewelry, bars and coins demand, capping 310 tons during the period . . . .