Gold and What Mov...
Follow
71.1K views | +28 today
 
Scooped by Hal
onto Gold and What Moves it.
Scoop.it!

Gold nears $1660 in Asian trade

Gold nears $1660 in Asian trade | Gold and What Moves it. | Scoop.it
They added that gold might rebound after the Fed's meeting as the market might have priced in the hawkish sentiment.

 

SINGAPORE(BullionStreet): Gold advanced in Asian trade Tuesday but remained volatile after a reasonably U.S. economic data showed signs of recovery.

 

Gold for immediate delivery was seen trading at $1659.53 an ounce at 12.00 noon Singapore time while US gold for February delivery was at $1658.94 an ounce on the comex division of nymex.

 

Analysts said investors await any decisions from US Fed meeting scheduled for Tuesday and Wednesday.

 

They added that gold might rebound after the Fed's meeting as the market might have priced in the hawkish sentiment. ...

more...
No comment yet.
Gold and What Moves it.
Tracking all things that relate to and affect the price of gold.
Curated by Hal
Your new post is loading...
Your new post is loading...
Scooped by Hal
Scoop.it!

Real Time Gold Prices | Exact Price of Gold | Lear Capital

Real Time Gold Prices | Exact Price of Gold | Lear Capital | Gold and What Moves it. | Scoop.it

Get free real time gold prices updates even when you're on the move. Keep abreast of the precious metal market price with Lear Capital.

more...
No comment yet.
Scooped by Hal
Scoop.it!

Gold s fundamentals look very much like 15 years ago, says investment firm - Shanghai Metals Market

Gold s fundamentals look very much like 15 years ago, says investment firm - Shanghai Metals Market | Gold and What Moves it. | Scoop.it

Author: Paul Ploumis

 

EDGWARE (Scrap Monster): Tocqueville Asset Management sees gold ’s fundamentals very much like what it was fifteen years before. According to John Hatahaway and Douglas B. Groh, the gold’s set up is very much similar to what was experienced in 1999. During that time, gold was at the end of a 20-year bear market. Today, the huge drop in gold prices from a high of $1900 per ounce to less than $1200 per ounce in a short span of 2.5 years makes it a similar case, they observed.

 

According to them, geopolitical issues away from the headlines influence the demand for gold. Europeans are probably more conscious of gold today than they might have been six months ago. People want to get their wealth in a safe place. That will reinforce demand for gold as time goes by. ...

more...
No comment yet.
Scooped by Hal
Scoop.it!

This is Your Recovery and This is Your Recovery Without Drugs | The Burning Platform | Safehaven.com

This is Your Recovery and This is Your Recovery Without Drugs | The Burning Platform | Safehaven.com | Gold and What Moves it. | Scoop.it
The arrogance, hubris and contempt for morality displayed by the ruling class is breathtaking to behold. They think they are untouchable and impervious to norms followed by the rest of society. They may have won the opening battle, but will ...
more...
No comment yet.
Scooped by Hal
Scoop.it!

Is the LBMA Silver Price more transparent than the Fix? No! - SILVER NEWS - Mineweb.com Mineweb

Is the LBMA Silver Price more transparent than the Fix? No! - SILVER NEWS - Mineweb.com Mineweb | Gold and What Moves it. | Scoop.it

Author: Lawrence Williams
Posted: Tuesday , 19 Aug 2014 

LONDON (MINEWEB) - 

 

So now we have had three days of the new LBMA Silver Price – the new name for the London Silver Fixing given that the term ‘Fix’ is somewhat discredited in modern-day parlance.  The banks involved in the old system, which had fallen to two, wanted to withdraw from it, in part because they felt the process, even if it was a totally honest system, which it probably was, could lay them open to having to defend expensive, and probably spurious, lawsuits and the London Bullion Market Association took upon itself to go out and set up some kind of new silver benchmarking process at very short notice. 

 

And is this new process any more transparent than the old one – one of the main charges laid against the old Silver fixing process.  The answer so far is probably not!   ...

more...
No comment yet.
Scooped by Hal
Scoop.it!

oftwominds-Charles Hugh Smith: Are Capital Inflows Propping Up U.S. Markets?

oftwominds-Charles Hugh Smith: Are Capital Inflows Propping Up U.S. Markets? | Gold and What Moves it. | Scoop.it

It seems likely that significant capital inflows are helping prop up asset valuations in the U.S.

Nobody really believes the official narrative that the "recovery" is powering the remarkable strength of U.S. stocks, bonds and real estate. The real Main Street economy is quite obviously struggling, outside the energy and Federal government sectors, and so many see the Federal Reserve's free money for financiers (a.k.a. quantitative easing) bond and mortgage-buying programs as the real reason bond yields have declined and stocks have soared.

This view has the strong merit of relying on the basics of supply and demand: if the supply of nearly free money expands while the quantity of stocks, bonds and real estate shrink, remain stable or expand at lower rates than nearly free money, the flood of liquidity will push the price of assets higher. ...
Hal's insight:

Click through for the rest.

more...
No comment yet.
Scooped by Hal
Scoop.it!

oftwominds-Charles Hugh Smith: Don't Think It Won't Happen Just Because It Hasn't Happened Yet: Loss of Faith in the Fed

oftwominds-Charles Hugh Smith: Don't Think It Won't Happen Just Because It Hasn't Happened Yet: Loss of Faith in the Fed | Gold and What Moves it. | Scoop.it

Much of the supposedly godlike power of central banks is participants' faith in their powers to control not just finance but the real world that can be leveraged by finance.

The Grand Narrative of the global economy since the 2008 financial meltdown has been: whatever the problem, zero interest rates and more credit will fix it. Too much debt? Zero-interest rates and more credit will fix that. Government spending far exceeds tax revenues? Zero-interest rates and more credit will fix that. Economy sluggish? Zero-interest rates and more credit will fix that. Few jobs being created? Zero-interest rates and more credit will fix that.
Had a bad hair day? Zero-interest rates and more credit will fix it.
Implicit in this narrative is the notion that there are no hard limits on credit or central bank money creation. If creating $1 trillion in new credit-money and pushing it into the hands of financiers doesn't do the trick, then push $2 trillion more.
Equally implicit is the assumption that the central banks repressing interest rates and creating trillions of dollars out of thin air can control any blowback or unintended consequences triggered by the free money for financiers tsunami.  ...
Hal's insight:

Click through for the rest.

more...
No comment yet.
Scooped by Hal
Scoop.it!

Burn me once … or learn from mistakes

Burn me once … or learn from mistakes | Gold and What Moves it. | Scoop.it

Back in those heady days of plus-forty silver, I used to tell myself that only I wish I had been enlightened just a few months earlier. My actual “date of enlightenment” was about September 15, 2010. Oh! I would have bought lots more silver at $18-24 per ounce in the Fall of 2010. As it was, I had just discovered metals and was picking and choosing, looking for sub-spot pricing, wondering if it really would go higher. Well it did. Then it went back down and I was frustrated—frustrated at those who illegally drove it down, frustrated at myself for not taking the “naysayers” seriously—these were regulars on the blog who warned us that a drop was approaching. I was frustrated at myself for not loading up my trading account and buying AGQ out of the money puts to hedge my stack. Frustration led to disgust, disgust led to a suspension of my buying, the suspension led to a place of hopelessness about learning to invest wisely. I got burned! ...

Hal's insight:

Click through for the rest.

more...
No comment yet.
Scooped by Hal
Scoop.it!

Why every single American needs to hold gold

Why every single American needs to hold gold | Gold and What Moves it. | Scoop.it

Stansberry & Associates: Doug, can you explain why the “idea” of gold is important? Why have we humans used gold as money for thousands of years?


Doug Casey: Well, the truth is, there’s nothing magical about gold. It’s just uniquely well-suited among the 92 naturally occurring elements for use as money… in the same way aluminum is good for airplanes or uranium is good for nuclear power.

 

But first we should ask: What is money? It’s simply a medium of exchange and a store of value. So lots of different things can and have been used as money for periods of time. ...

Hal's insight:

Click through for the rest.

more...
No comment yet.
Scooped by Hal
Scoop.it!

Thinker, Trader, Holder. Why?

Thinker, Trader, Holder. Why? | Gold and What Moves it. | Scoop.it

Grant Williams writes:

 

As you can see, the BRIC countries have all significantly increased gold as a percentage of their reserves in recent years — with Russia’s being the most consistent of the four — but after almost five years of deafening silence we can only hazard a guess at what the PBoC is doing.

Why only guess? Well, because the Chinese don’t want us to know what they’re doing; and handily for them, the rest of the world is willing to play along ...

Hal's insight:

This is a long interesting read.

more...
No comment yet.
Scooped by Hal
Scoop.it!

#Russia seeks safe haven in #gold, away from dollar and euro

#Russia seeks safe haven in #gold, away from dollar and euro | Gold and What Moves it. | Scoop.it
Russia is taking steps to ensure that it protects itself from any future dollar or euro sanctions. Moscow boasts the world’s 5th biggest foreign exchange reserves and the 6th largest gold reserves. In total, the assets amount to over $1.5 trillion.
Hal's insight:

Good bye king dollar.

more...
No comment yet.
Scooped by Hal
Scoop.it!

HSBC: Indian Commerce Minister Calls for Gold Import Duty Cut - Shanghai Metals Market

HSBC: Indian Commerce Minister Calls for Gold Import Duty Cut - Shanghai Metals Market | Gold and What Moves it. | Scoop.it
In an interview with the Press Trust of India, Commerce and Industry Minister of State, Nirmala Sitharaman, said the country’s gold import duty should be eased, HSBC says. HSBC: Indian Commerce Minister Calls for Gold-Import Duty Cut
more...
No comment yet.
Scooped by Hal
Scoop.it!

California Drought Launches New Gold Rush

With California rivers low, professional and hobbyist miners uncover more metals through panning, sniping, and prospecting.
Hal's insight:

I believe they call that a silver lining ;-)

 

Though I particularly feel for the farmers of California. This drought has been terrible for them.

more...
No comment yet.
Scooped by Hal
Scoop.it!

New York court to rule on most London gold fix lawsuits

New York court to rule on most London gold fix lawsuits | Gold and What Moves it. | Scoop.it
The 18 cases will be sent to U.S. District Judge Valerie Caproni in Manhattan, who has already been overseeing a putative class-action against the five banks that make up the fix.
Hal's insight:

I wish I had some hope that the judicial system was impartial and concerned with justice.

more...
No comment yet.
Scooped by Hal
Scoop.it!

Top Chinese #gold miner sets aside $1bn for African buys

Top Chinese #gold miner sets aside $1bn for African buys | Gold and What Moves it. | Scoop.it
Zijin Mining Group looking to acquire sizeable gold and copper projects in Africa this year.
more...
No comment yet.
Scooped by Hal
Scoop.it!

Outlook for New Electrical & Electronic Uses of Silver - Shanghai Metals Market

Outlook for New Electrical & Electronic Uses of Silver - Shanghai Metals Market | Gold and What Moves it. | Scoop.it

Washington, August 2014

 

The Silver Institute has released a report titled “The Outlook for New Electrical and Electronic Uses of Silver.” The report identifies three key potential growth areas for silver demand: flexible electronics; light emitting diodes (LEDs); and interposers. These three growth areas combined have the potential to add another 20 million ounces of silver to total demand by 2018.

 

The report was produced by Metals Focus, the London-based independent precious metals research consultancy, on behalf of the Silver Institute.


Highlights of the report include:


According to Metals Focus, silver industrial demand, which accounts for over 50 percent of global demand, is expected to grow 5 percent per year from 2014-2016, outpacing forecasted global GDP growth. ...

more...
No comment yet.
Scooped by Hal
Scoop.it!

China allows 3 more banks to import gold - sources - GOLD NEWS - Mineweb.com Mineweb

China allows 3 more banks to import gold - sources - GOLD NEWS - Mineweb.com Mineweb | Gold and What Moves it. | Scoop.it

Author: A. Ananthalakshmi & Fayen Wong (Reuters)
Posted: Tuesday , 19 Aug 2014 

SINGAPORE/SHANGHAI (REUTERS) - 

 

China has allowed three more banks, including a foreign lender, to import gold, sources with direct knowledge of the matter said, as the world's top gold buyer gears up for its strongest effort yet to gain pricing power of the metal.

 

The move, which brings the number of firms allowed to import gold into China to 15, comes ahead of the launch in September of a new international bullion exchange in Shanghai with which China hopes to become a price-discovery centre.

 

China and other Asian gold trading centres such as Singapore are calling for more localised pricing of the precious metal as they seek alternatives to the so-called London fix, the global benchmark for spot gold prices, which is being investigated by regulators on suspicion that it may have been manipulated. ...

more...
No comment yet.
Scooped by Hal
Scoop.it!

Future Cancer Treatment: Pieces of Gold?

Future Cancer Treatment: Pieces of Gold? | Gold and What Moves it. | Scoop.it
Experts have discovered a possible new cancer treatment, and it's dependent on little balls of gold. Very little: The nanospheres are 4 million times smaller than a hair's width. After spreading... Science News Summaries. | Newser
more...
No comment yet.
Scooped by Hal
Scoop.it!

Panic Out Of Fiat Currencies Accelerating Around The World

Panic Out Of Fiat Currencies Accelerating Around The World | Gold and What Moves it. | Scoop.it

By Robert Fitzwilson of The Portola Group

August 18 (King World News) - Panic Out Of Fiat Currencies Accelerating Around The World

 

Well-heeled collectors and investors descended upon Monterey, California this past week for the annual Pebble Beach Concours d’Elegance festivities and auctions. One of the cars that went up for auction was a very rare 1962 Ferrari 250 GTO seen below.

 

The “lucky” winner in the bidding for the car paid a staggering $38.115 million. Horse racing is not the only “game of kings”. The frenzied abandonment of fiat currency and conversion into real, although seemingly wildly overpriced, real assets continues for those attempting to preserve their capital....

Hal's insight:

Click through for the rest. It's stunning someone would pay that much for a car. But when it's monopoly money anyway....

more...
No comment yet.
Scooped by Hal
Scoop.it!

Indian gold demand to be driven by smuggling by 28% in 2014 - Shanghai Metals Market

Indian gold demand to be driven by smuggling by 28% in 2014 - Shanghai Metals Market | Gold and What Moves it. | Scoop.it
Gold import through unofficial channels is likely to flourish in India during 2014, said P R Somasundaram, Managing Director-India Operations, World Gold Council. Indian gold demand to be driven by smuggling by 28% in 2014
Hal's insight:

I would not be surprised to learn that the smuggled gold was not greater than that.

more...
No comment yet.
Scooped by Hal
Scoop.it!

Barclays sees higher gold demand - Shanghai Metals Market

Barclays sees higher gold demand - Shanghai Metals Market | Gold and What Moves it. | Scoop.it
The latest World Gold Council (WGC) Gold Demand Trends report confirmed the weakness across gold consumers. The gold physical market balance swung back into surplus in Q2 14, driven by falling jewellery demand and increased supply.
According to Barclays, although physical demand is likely to improve q/q in the seasonally strong period as we approach the end of the year, it will still fall short in providing gold prices with a solid floor. ...
more...
No comment yet.
Scooped by Hal
Scoop.it!

Geopolitical issues, interest rate provide support for Gold: ETFS

Geopolitical issues, interest rate provide support for Gold: ETFS | Gold and What Moves it. | Scoop.it
In a weekly report, it said gold may surprise investors to the upside this year, due to rising geo-political risks which are likely to escalate, less than robust growth data and central banks issuing decidedly dovish messages.
more...
No comment yet.
Scooped by Hal
Scoop.it!

Craig Hemke-Gold and Silver Price Suppression Going to Blow Up - YouTube

War, Chaos, Dollar Collapse, Gold and Civil unrest will all be in the headlines 2014 and 2015. Craig Hemke of TFMetalsReport.com says price suppression of go...
more...
No comment yet.
Scooped by Hal
Scoop.it!

A Horrifying & Destructive Future For The Entire World

A Horrifying & Destructive Future For The Entire World | Gold and What Moves it. | Scoop.it

Egon von Greyerz tells King World News:


In the coming economic downturn, which is an economic certainty, we will not only see many of the poor with empty stomachs, but also revolting because of the severe inequalities, with severe social unrest following.


What is happening in Ferguson in the United States will be commonplace around the world, and probably a lot worse.  Throughout history the world population has always been controlled by war, plague, or famine.  Currently all three of these risk factors are in place.  The risk of a major war is the greatest since any time after World War II.  Both Ukraine and the Middle East could easily develop into a major war on a global level.


Of course virtually nobody believes this, but nobody believed that World War I or World War II would start either.  And the second risk factor is a plague.  It’s happening already.  Ebola is still relatively small, but the fact that it seems to have become an airborne disease makes the risk extremely serious. ...

Hal's insight:

Click through for the rest.

more...
No comment yet.
Scooped by Hal
Scoop.it!

Microsoft just lost a controversial court case to the U.S. government. You could be next.

Microsoft just lost a controversial court case to the U.S. government. You could be next. | Gold and What Moves it. | Scoop.it
"Any connection... no matter how small... exposes you to big risks..."

 

One of the favorite pretexts for a U.S. connection is the use of the U.S. dollar. The U.S. government claims that just using the U.S. dollar—which nearly every bank in the world does—gives it jurisdiction, even if there were no other connections to the U.S. It’s quite obviously a flimsy pretext, but it works. ...

Hal's insight:

Interesting read.

more...
No comment yet.
Scooped by Hal
Scoop.it!

Why the Fed Doesn't Care About How You View the Economy

Why the Fed Doesn't Care About How You View the Economy | Gold and What Moves it. | Scoop.it
With so many economists employed by the Federal Reserve these days, it seems the Fed has basically bought control of the entire field of economics. Today, Gary North examines the problems that imposes on the monetary system and the difficulty it creates for more rational viewpoints to be taken seriously. Read on...
Hal's insight:

Interesting read.

more...
No comment yet.
Scooped by Hal
Scoop.it!

Gold Output is Still Falling in this Critical Center - The Daily Gold

Gold Output is Still Falling in this Critical Center - The Daily Gold | Gold and What Moves it. | Scoop.it
A lot of observers are wondering when the bottom will come for the gold market, and evidence globally is starting to suggest it could be soon.....
more...
No comment yet.