Econintersect: We have collected some articles about gold during the last week. Click Read more >> to view the articles.
Junior Gold Miners’ Mistake http://www.theaureport.com/
by Kevin Michael Grace
As the price of gold rose upward, junior miners chased ounces at all costs. This was a huge mistake, says Eric Coffin, because it resulted in unexciting projects, low margins and a depressed market.
Gold Heads for Worst Monthly Performance Since June on Tapering http://www.bloomberg.com/news/
Gold headed for a third monthly loss on speculation that the Federal Reserve will begin reducing monetary stimulus as the U.S. economy strengthens, damping demand for haven assets.
Gold Output in Australia Expands in Third Quarter on Ore Grades http://www.bloomberg.com/
Gold output in Australia, the world’s second-biggest producer, expanded for a second quarter in the period ended September because of higher ore grades, according to mining consultant Surbiton Associates Pty. Production was 69.5 metric tons compared with 67 tons in the previous three months, Melbourne-based Surbiton said in a statement. Output was 62 tons in the same period a year earlier, it said.
Venezuela central bank denies transactions with Wall Street – http://news.yahoo.com
By Brian Ellsworth
CARACAS (Reuters) – Venezuela’s central bank president denied on Thursday that the institution is carrying out any transactions with Wall Street banks, a day after a senior government source said it was evaluating a swap agreement involving its gold reserves. Opposition leaders and local media have reported that Venezuela is seeking to boost availability of hard currency through transactions with Goldman Sachs “With respect to the institutions you’ve mentioned, the central bank …
Fantastic Chart Shows Key Commodity That May Help Gold – kingworldnews.com
On the heels of some interesting trading in global markets and with gold and silver under recent pressure, today top Citi analyst Tom Fitzpatrick sent King World News a fantastic chart which shows a key commodity may be ready to explode higher. If this is the case it will be extremely constructive for gold…
Harsh Changes Are Coming For Global Markets & Mankind – kingworldnews.com
With continued chaos around the world and uncertainty in global markets, today KWN is publishing a powerful piece that was written by a 60-year market veteran. The Godfather of newsletter writers, Richard Russell, predicted that “harsh” changes are coming for mankind. Russell also discussed stocks, gold, and what investors should be doing in the face of these historic events and radical changes…
Russian bank VTB begins gold/silver exports to India – http://www.mineweb.com
The first deliveries to New Delhi, Hyderabad, Jaipur and Agra were made in batches over the past few weeks, the bank says.
Large short positions keep gold subdued despite big Chinese imports – http://www.mineweb.com
London Gold Market Report: Shanghai gold volume & premiums rise, but western sentiment weighs heavier on Thanksgiving
Venezuela central bank denies transactions with Wall Street – http://www.reuters.com/
CARACAS (Reuters) – Venezuela’s central bank president denied on Thursday that the institution is carrying out any transactions with Wall Street banks, a day after a senior government source said it was evaluating a swap agreement involving its gold reserves.
No gold bars but higher salaries for London bankers with bonus cap – http://www.reuters.com/
LONDON (Reuters) – In the 1990s, London-based investment banks rewarded top employees with gold bars, fine wine and oriental carpets to dent the impact of higher payroll taxes.
Investment demand for silver and gold to accelerate – http://www.mineweb.com
Technical picture still pointing downwards, with gold and silver losing ground again despite a weakening US dollar.
Gold, silver end weak on muted demand – http://timesofindia.indiatimes.com/
Gold prices fell further at the domestic bullion market on sustained selling by stockists and traders amids poor local buying interest.
Gold Miners Look To Break Below June Low – https://econintersect.com
by Poly, Zentrader
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Can’t-miss headlines: Platinum down, junior rejects extra Canadian financing & more – http://www.mineweb.com
The latest morning headlines, top junior developments and metal price movements. Today, platinum falls hard, bringing it to four month low and Orocobre says no thanks to A$7 million in larger financing.
Here’s The Truth Governments Don’t Want The Public To See – kingworldnews.com
With global stock markets continuing to surge, and continued pressure on gold and silver, today a man out of Europe who has been extremely accurate with his calls on the gold market sent King World News the disturbing truth about the information governments don’t want the public to see. KWN was given exclusive distribution rights to the outstanding piece below by Ronald-Peter Stoferle of Incrementum AG out of Lichtenstein.
Smuggled gold has its own price in India – http://www.mineweb.com
As the grey market for retail gold rears its head, a dual pricing system emerges in Kerala with smuggled gold undercutting official supplies.
Absolutely Astonishing Developments In The War On Gold – kingworldnews.com
Today the man who predicted the recent takedown in the gold market ahead of time spoke with King World News about some absolutely astonishing developments in the war on gold. William Kaye, who 25 years ago worked for Goldman Sachs in mergers and acquisitions, also spoke about a wild card for the gold market which could prove to be incredibly bullish…
Stunning Bullion Bank Moves As LBMA & Comex Implode – kingworldnews.com
Today the man who predicted the recent takedown in the gold market ahead of time alerted King World News to stunning bullion bank moves as the LBMA and Comex move closer to imploding. William Kaye, who 25 years ago worked for Goldman Sachs in mergers and acquisitions, also gave KWN more incredible insight into the war in gold which is now raging…