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 [...]
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, [...]
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 [...]
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
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 [...]