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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

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Monday
May192014

Risk Appetite Leaves Gold in the Cold

Some investors are giving up on gold.

A rally in the price of gold at the beginning of the year has petered out, as an improving U.S. economy and receding inflation fears send money managers in search of better returns in stocks and bonds.

Gold prices are down more than 6% since they peaked for the year in mid-March,

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Monday
May192014

“The Matterhorn Interview – May 2014: Nomi Prins”

“Finance is a Power Game”

Podcast interview: 


On behalf of Matterhorn Asset Management / GoldSwitzerland, Lars Schall talked with former senior Wall Street banker Nomi Prins about her latest book, “All the Presidents’ Bankers.“

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Thursday
May152014

European elections 2014: Would coming second be a disappointment for UKIP?

For the three main party leaders, the stakes in next week's European elections are very high. The spectacular rise of the fourth man in British politics, Nigel Farage, makes their task even harder, and the results less predictable.

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Thursday
May152014

Eric Sprott: Gold Shortage Coming, Data Shows

Eric Sprott, Founder and Chairman of Sprott Asset Management, said recently that he expects a “significant re-rating of the gold price” due to high physical demand from China and India, coupled with a gold supply shortfall. The effect, which he calls the “Chinese Gold Vortex,” is rapidly taking physical gold from West to East. When the West runs out of gold, the price should go much higher, he believes. I recently spoke with him on the phone about his near-term views.

Hello Eric, what do you see happening today in the metals markets?

Eric Sprott: I am very excited about developments in the gold and silver markets today. I have been speculating since late 2012 that

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Monday
May122014

Gold price likely to moderate in medium term

While gold had a tremendous run in the last few years, fuelled by turbulence in the global economy, prices are likely to moderate in the medium term with an improving economic environment, experts said.

Nilesh Gupta, Chairman, Administrative Committee, India Bullion & Jewellery Association (IBJA) felt that there was an overall bearish mood about gold “on the part of the trading fraternity given the developments over several months in India,

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