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Tuesday
Jun032014

The Effect of Monetary Policy On Gold Prices 

Background

Gold prices have fallen for 6 days in a row taking the price down to $1243/oz and it now stands about $60/oz above the 2013 June lows. Silver prices suffered the same fate falling from $19.50/oz to $18.75/oz. The gold producers as represented by the Gold Bugs Index the HUI is down to 204 which is lower than the 2013 June lows. We can look to the summer doldrums or the ‘sell May and go away’ investors when we try to account for these falls but the truth is that this tiny sector has been suffering for a couple of years now.

Many have called the bottom for gold as being the 2013 June low of $1180/oz which is something that we were skeptical about and

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Tuesday
Jun032014

Eric Sprott: Connecting the Dots

By Eric Sprott

In this month’s Markets at a Glance, we present a collection of thoughts on why we think precious metals are a compelling investment now.

On physical demand and the shortage of precious metals:

  • The Gold Forward Offered Rate (GOFO) remains very low, with extended periods of time in negative territory (Chart 1).1
  • Why is Germany’s repatriation of their 674 tonnes of gold taking so long? As of March 2014, only 69 tonnes had made their way back, a pace of less than 5 tonnes a month.2
  • If there is no shortage of gold,

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Friday
May302014

Nigel Farage - The Entire Western Financial System Is A Mirage

Nigel Farage is a politician that I have met, canvessed with and drank beer with and my very humble opion he is the only one on the political stage who actually has a backbone.

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Friday
May302014

Approximately 33.1% of the shares of the stock are sold 

The Rise of Africa… and How To Play It

By Adam J. Crawford, Analyst

Sub-Saharan Africa (SSA).

Say the words and most people think of poverty… famine… epidemics… political strife… sectarian violence. Yet, just recently, Microsoft announced a new investment on the continent, calling Africa a “game changer in the global economy.” So what gives?

Game Changer?

For starters,

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Thursday
May292014

Precious Metals


QUESTION: Hi Martin,

As someone who was taken in by the gold and silver bugs and went all in 3 years ago I am now left out of pocket and can’t sell my investments as I’d lose nearly half. As I am only a small time investor how much longer do I now have to wait before the cycle turns again so I can recoup my money back?

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Wednesday
May282014

U.S. Gold Holdings Close to Zero-Rob Kirby

Financial analyst Rob Kirby is an expert on forensic macroeconomics.  His research shows central bankers are starting to not trust each other.  Kirby cites Austria’s recent demand to audit its gold held in London.  Kirby explains, “. . . Austria seems to have a reason to want to go and see it and inspect it and know that it is real and see it hasn’t been sold and nothing untoward has been done to it.” 

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Monday
May262014

Far-right posts strong gains in Europe elections

Showings reflect anger over economic austerity

BRUSSELS—Anti-European Union and far-right parties posted strong gains in elections to the European Parliament in some countries on Sunday, tapping into voter anger over economic austerity and delivering a blow to institutions in Brussels, national governments and mainstream political parties.

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Monday
May262014

Barclays slapped with $44 million fine over gold price fix


(Reuters) - Barclays Plc has been fined 26 million pounds ($43.8 million) for failures in internal controls that allowed a trader to manipulate the setting of gold prices, just a day after the bank was fined for rigging Libor interest rates in 2012.

Britain's Barclays is the first bank to be fined over attempted manipulation of the 95-year-old London gold market daily "fix",

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Friday
May232014

Healing the Blind… and Boosting Your Portfolio

Healing the Blind… and Boosting Your Portfolio

By Chris Wood, Senior Analyst

Vision is one of the most important elements of our life, if not the most important one. A 2010 survey by Surge Research found that 60% of Americans are more afraid of blindness than of heart disease, the primary killer of both men and women in the United States.

For a massive 79% of the surveyed, other than their own death or the death of a loved one, losing their eyesight is “the worst thing that could happen to me.”

Unfortunately,

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Wednesday
May212014

As Russia Dumps A Record Amount Of US Treasurys, Here Is What It Is Buying

Last week we commented that based on TIC data, while "Belgium's" unprecedented Treasury buying spree continues, one country has been dumping US bonds at an unprecedented rate, and in March alone Russia sold a record $26 billion, or 20% of its holdings.


So as Russia is selling record amount of US paper, what is it buying? For the answer we go toGoldcore which tells us that...

Russia Buys 900,000 Ounces Of Gold Worth $1.17 Billion In April

Click to read more ...