Gold “Facing Competition from Stock Market” for Investment Dollars, CFTC Asks if Gold Fix Manipulated Like Libor

London Gold Market Report

from Ben Traynor, BullionVault

Thursday 14 March 2013, 09:00 EST

 

Gold “Facing Competition from Stock Market” for Investment Dollars, CFTC Asks if Gold Fix Manipulated Like Libor

 

GOLD dropped below $1580 per ounce Thursday morning, while gold in Sterling and Euros fell back below £1060 and €1225 an ounce respectively, extending losses from a day earlier that following stronger-than-expected US retail sales data.

 

Like gold, silver drifted lower this morning, dipping [...]

In only three more years you’re talking $20 trillion in public debt for the USA and a GDP going nowhere fast. And what does that look like in terms of the S&P 500? Taxes of all sorts will have to rise.

Submitted by Charles Hugh Smith of OfTwoMinds blog,

Massive Federal deficits require higher taxes; ever-expanding public debt and higher debt service sets up a death spiral once new investment is crowded out by Federal borrowing.

In only three more years you’re talking $20 trillion in public debt for the USA and a GDP going nowhere fast. And what does that look like in terms of the S&P 500? Courtesy of frequent contributor Chartist Friend from Pittsburgh, [...]

Asia Gold: Buyers rush in after price slump; premiums up

SINGAPORE/MUMBAI – Asia’s gold bugs have raced to snatch up physical material after the sharp correction in prices, just as the world’s biggest gold consumer India prepares for its festival season.

The surge in buying interest boosted gold premiums in the region. In Tokyo, the spread between local and global prices returned to the positive territory for the first time since March.

A strong rally in the dollar [...]

Experts On Gold and the World Financial System

by es2

http://www.kitco.com/reports/KitcoNewsMarketNuggets20110420.html
http://twitter.com/#!/kitconewsnow
Market Nuggets: ETF Securities: Inflation Concerns Help Propel Gold Above $1,500/Oz
Market Nuggets: OptionsXpress: Silver Prices Benefitting From Investment Demand
Market Nuggets: HSBC: Any Chinese Diversification Away From U.S. Assets Would Support Gold

http://www.kitco.com/reports/KitcoNewsMarketNuggets20110421.html

Market Nuggets: Gold Prices Remain Over $1,500 As Commodities Supported By Soft Dollar
Market Nuggets: MF Global: Gold To Remain Underpinned On Continuing Investment Interest
Market Nuggets: Gartman: Asian Central Banks Looking To Increase Gold Reserves

Debt at 200% of GDP Dares [...]