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    By Bob - G.
    Is it premature to declare that gold's bear market is finally over?
    It certainly looks that way to some chartists, who are making a big deal of gold's double-bottom at the end of last year just below $1,200. Since then, bullion has risen by $140 an ounce, or more than 10%.
    Even if gold's [...]


    This post was posted in Gold News

  • By Bob - G.
    Gold futures rose for a third straight day, capping the biggest weekly advance in a month after U.S. payrolls increased less than economists expected.
    The 113,000 gain in employment followed a revised 75,000 increase the prior month, Labor Department figures showed. The median forecast of economists in a Bloomberg survey called for a [...]


    This post was posted in Gold News

  • By Bob - G.
    Indian jewellers are stepping up imports of finished gold jewellery from Dubai and Singapore, as a record high import tax on the metal and rising premiums demanded by sellers are choking bullion supplies in the world's second-biggest consumer.
    India has put in place measures to dissuade gold buying to tackle a widening trade [...]


    This post was posted in Gold News

  • By - Bob G.

    China’s secretive central bank may have stocked up heavily on gold in the past few years, and might own about 2,710 tons as of the end of 2013, according to an industry expert.

    Precious metals expert and gold bug Jeff Nichols, a managing director of the American  Precious Metals Advisors, wrote on Thursday that much of [...]


    This post was posted in Gold News

  • By -  Bob G.
    The world’s largest gold coin, on its first visit outside Australia, was unveiled on Thursday at the Hang Seng Bank headquarters in Central as part of a showcase tour for the historic Perth Mint. The enormous coin weighs 1,012 kilograms and is made from 99.99 per cent pure gold. It is 31 inches [...]


    This post was posted in Gold News

  • By Bob - G.
    A while back Greece had a problem. The problem was that it wanted to borrow more money, but didn't want to increase its debt. (Because the European Union would frown on it having more debt.) So it went to Goldman Sachs, and Goldman told Greece, well, what you can do is borrow [...]


    This post was posted in Gold News

  • By - Bob G.
    The Indian government on Friday began digging for treasure near an ancient temple after a tip off from a holy man who said he dreamed 1,000 tons of gold was buried there. Swami Shoban Sarkar said he was approached in a dream by a 19th century ruler called Rao Ram Bux Singh who [...]


    This post was posted in Gold News

  • By - Bob G.
    Gold prices, which have fallen more than 20 percent this year, are expected to have rebounded to $1,405 an ounce by November 2014, delegates to the London Bullion Market Association's annual conference forecast on Tuesday.

    Silver, this year's biggest faller with a 30 percent drop, is also forecast to rise to $25 by [...]


    This post was posted in Gold News

  • By - Bob G.
    KOLKATA: Government of India makes gold more expensive by hiking duties four times in 20 months, hoping this will deter citizens of India from holding more gold. But not only does gold remain attractive for Indians, expectations of a high price regime have increased its attractiveness.
    This is not a perverse outcome. It's [...]


    This post was posted in Gold News

  • By - Bob G.
    Gold bugs were called back into action Thursday as the market digests the fact the Federal Reserve didn't scale back quantitative easing as widely expected.
    The price of gold futures for December trading on New York's Comex rose 4.6% to $1,367.70 on Thursday, the metal's biggest gain since 2009, says Bloomberg News. Gold [...]


    This post was posted in Gold News

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