Gold and What Moves it.
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VTB Capital to start issuing 'golden bonds' — RT

VTB Capital to start issuing 'golden bonds' — RT | Gold and What Moves it. | Scoop.it
From rt.com - November 16, 2012 2:20 PM

"Investment arm of Russia’s second largest bank – VTB Capital – will start issuing bonds tied to gold price. The new instrument enters Russia just when global downturn makes gold increasingly attractive.

 

"The new so–called ‘gold bonds’ provide for 3 fixed coupons – 0.1% each – with the yield to maturity depending on the gold price dynamics, Vedomosti daily reports. The Gold price on November 26 – the day when the placement is set to kick off – will be taken as the base to calculate gold growth. Overall, the new bonds can create up to annualized 21.3% yield for investors.


"Such “an unusual instrument will be popular among the players who seek for less risky financial instruments in times of world economic instability,” Ekaterina Kondrashova of Investcafe says. ..."

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Fed To Create Gold Rally & Bond Plunge Next Week

From kingworldnews.com - January 29, 10:31 AM

With continued volatility in gold and silver, today Michael Pento has written exclusively for King World News and he is predicting a rally in gold next week.  Here is Pento’s tremendous piece:  “The recent spate of better data on initial jobless claims has caused bond yields to rise, stock prices to rally, and gold shares to tumble in the last few days.  For the sixth time since 2010, an oasis of improving economic data (that has proven to be ephemeral each time in the past) is once again giving investors the false signal of a robust and sustainable recovery.


“This has, in turn, caused investors to once again wonder when the Fed would finally stop buying assets from banks and raise interest rates, which have been at zero percent for over four years.  But the data on initial claims has been distorted by seasonal adjustments at the Labor Department.  

 

"On an adjusted basis, initial jobless claims for the week ending January 19th dropped to 335k, which was the lowest level since January 2008. ..."

Hal's insight:

Wondering what's happening to gold right now? Check out the full post. There's certainly a ring of truth to Pento's analysis. I think some of the other things affecting the spot are the moves of govs like India and Vietnam who are attempting to manipulate the way their citizens hold the precious metal.

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