IMF gold sales vs. the alchemy of gold futures

By John S. Kim, SmartKnowledgeU The recently announced IMF sale of 191.3 tonnes of their gold reserves, though it caused an immediate sharp knee-jerk reaction in gold futures markets, will have a negligible effect on the long-term price of gold. Here’s why. In December, 2009 the commercial bullion banks that serve as agents for the [...]

Gold Futures Manipulation

Bullion Vault Who pushes the Gold Futures market around…? A CERTAIN NUMBER of market observers have long believed that the Gold Futures market is actively manipulated downwards by a cabal of US banks, writes Brad Zigler at Hard Assets Investor.Their contentions have been based upon data published by the Commodity Futures Trading Commission (CFTC) showing a small number [...]

Gold Drops for Fourth Day, Silver Plunges, Stocks Mixed

New York gold futures ended lower Tuesday for the fourth straight day as the US dollar advanced on news of a decline in consumer confidence. Silver was hit exceptionally hard for the second straight day, falling more than 3 percent. Platinum declined as well. In other markets, crude oil finished 1 percent higher and US [...]

Slideshow: 11 Ways to Invest in Gold

The Daily Reckoning With gold at about $1,060 an ounce, and numerous forecasts of much higher prices, it logically follows that investors would consider a wide variety of avenues for claiming a stake. Of course the options range from buying gold bling to speculative gold-related alternative investments, and today, The Money Game picks 11 top [...]

Gold Rises Despite Higher Dollar, Stocks Retreat

New York gold futures climbed Tuesday, although the yellow metal lost a portion of earlier gains following a lifted US dollar which also pulled down oil prices for the first time in nine days. Silver, platinum and US stocks edged slightly lower. New York precious metals figures follow: Silver for December delivery fell 6.7 cents, [...]

Gold edges higher as dollar weakens against euro

By Moming Zhou, MarketWatch NEW YORK (MarketWatch) — Gold futures rose on Monday, as investors embraced more risk, pressuring the dollar, lifting stocks and helping crude-oil futures test new highs for the year above $79 a barrel. Copper also gained more than 4% before giving back some gains after China estimated that its economy grew [...]

Gold at $2,000 Becomes Inflation-Adjusted Bullseye for ‘80 High

By Pham-Duy Nguyen Oct. 19 (Bloomberg) — Gold’s rally to a record means prices are still 53 percent below the 1980 inflation-adjusted peak. While gold rose 19 percent this year to $1,072 an ounce on Oct. 14, consumer prices almost tripled in the past three decades, eroding the metal’s value. Bullion hasn’t kept pace with [...]

Gold, Silver Decline; Stocks Slightly Higher

New York gold futures lost ground Thursday as the yellow metal moved further away from an all-time high as the US dollar rebounded. Silver and platinum also declined. In other markets, crude oil rallied to a one-year high on news of a decline in gasoline inventories and US stocks rose modestly. New York precious metals [...]

Gold Drops Slightly, Silver Rises, Dow Tops 10,000

New York gold futures declined slightly Wednesday after two days of advances, and despite a weakened US dollar and oil prices that pushed above $75 a barrel for the first time in a year. Silver and platinum both climbed 0.4 percent. US stocks gained with the Dow closing above 10,000 for the first time since [...]

Gold Strikes All-Time High at $1,065, Silver Touches $18

New York gold futures jumped to a new all-time high Tuesday as the US dollar continued to weaken against other world currencies and oil drove to a seven-week high. Silver briefly topped $18 an ounce before retreating under the level, but still gained 2 cents on the day. US stocks ended mixed, with narrow changes. [...]

Next Page »