Why Gold Prices Are Soaring

Peter Morici submits: Gold prices are soaring because of growing inflation fears–both the European Central Bank and the Federal Reserve seem to be on the path to permanently easy money with the Greek bailout and huge U.S. budget deficits. Neither the reforms attached to the Greek bailout nor banking legislation in Congress get at the [...]

Seeking High Leverage to Gold Prices – Paolo Lostritto

The Gold Report submits: In this exclusive interview with The Gold Report, Wellington West Analyst Paolo Lostritto explains why he thinks Burkina Faso is a part of the world gold investors should keep their eyes on. He compares Burkina Faso to the Yukon in terms of the potential for large finds. Closer to home, Paolo [...]

Capital Gold Group Report: Will fraud lift gold prices to $10,000?

By Geena Paul Published on: April 03, 2010 at 16:20 NEW YORK (Commodity Online): After the sub-prime catastrophe in banking and realty sector, which led to the global recession in 2008-09, it is the turn of bullion markets now. ‘FRAUD’, that is the one word which comes to any investor’s mind when s/he reads about [...]

Did Gordon Brown Sell UK’s Gold To Keep AIG And Rothschild Solvent; More Disclosures On How The NY Fed Manipulates Gold Prices

By Tyler Durden, Zero Hedge In the neverending saga of new disclosure of gold price manipulation, here is the most recent pearl, courtesy of Jesse’s Cafe Americain:”In front of 3 witnesses, Bank of England Governor Eddie George spoke to Nicholas J. Morrell (CEO of Lonmin Plc) after the Washington Agreement gold price explosion in Sept/Oct 1999. Mr. [...]

Gold Prices “Subduing Demand” as Euro and S&P Correlations Slip

By Adrian Ash, GoldSeek London Gold Market Report THE PRICE OF GOLD dropped to a near-two week low early Thursday in London, dipping below $1090 an ounce as the US Dollar rose vs. the Euro, crude oil held flat, and world stock markets slipped. “Yesterday saw a new divergence in the Gold/Euro correlation,” says one Londondealer [...]

Gold, Silver, Metal Prices: Commentary – 10/30/2009

GDP: Great Day to Play Good Day, Friday’s market sessions in precious metals started off on a tamer note, following the best gains in gold in three weeks. Explanations follow. The recapture of the $1045 area is noteworthy, although analysts we polled during the wee hours overseas are trying to define the move as everything [...]

2009 American Buffalo Gold Proof Coin Launches with Little Issues

Today at noon ET the United States Mint began selling the 2009 American Buffalo Gold Proof Coin for $1,360.00, as it announced on Oct. 22. The one-ounce .9999 fine (24 karat) gold coin is expected to draw significant attention. The US Mint handled early demand in improved fashion compared to the collector blitz and resulting [...]

Gold to Rise to $2,000 Amid ‘Massive’ Inflation, Superfund Says

By Kim Kyoungwha Oct. 28 (Bloomberg) — Gold may rise to a record $2,000 an ounce in the next three years as investors hedge against “massive” inflation sparked by governments printing money, according to Superfund Financial Singapore Pte’s Aaron Smith. “In the next few years, after the deflation cycle, we’ll see massive inflation,” Managing Director [...]

Newmont quarterly earnings double

Denver-based Newmont Mining earned $388-million in the third quarter, compared with net income of $191-million a year earlier, helped by surging gold prices, lower production costs and increased volumes. Revenue in the quarter rose to a best-ever $2,05-billion, compared with $1,37-billion in the same period of 2008. Read more….

Gold steadies around $1 040, ETF dips second day in row

Gold prices steadied around $1 040 an ounce on Wednesday, recovering from three-week lows hit the day before when the dollar strengthened against the euro. The dollar held gains against a basket of currencies on Wednesday while the yen rose, as investors trimmed positions in higher-yielding currencies as stocks fell on weaker-than-expected US consumer confidence [...]

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