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Posted an entry on Gold Blog
Gold Up – Asian Buying On Hopes Of Greece Vote
Gold investors are optimistic that Wednesday’s vote will see Greece’s parliament approve an austerity plan that is thought to support sentiment in bullion and other commodities. As a result, gold increased on Wednesday, supported also by light...
2011-06-29 09:45:18

Posted an entry on Gold Blog
Bears raise Their Heads – Gold Continues to Run
Despite of the mixed signals being communicated to the gold market, gold was fixed at a new high of $1,522.00 at the end of Wednesday trading in London. Gold struggled to move much above $1,500 after Wednesday’s high, but some experts, including...
2011-06-28 09:51:23

Posted an entry on Gold Blog
Taking Issue With Gold Bugs
I must confess I am a gold bug both philosophically and in terms of investing. We are entering a golden age for Gold as the bull market is destined to reach amazing heights and real and honest money reemerges as legal tender against fiat currencies that...
2011-06-28 05:08:26

Posted an entry on Gold Blog
Cambodia Gold Rush New Target of Mining Giants
A modern day gold rush in a remote corner of Cambodia is the new target of foreign mining giants, Sapa reports. The area, known as the “Gold Forest”, has already seen hundreds of local prospectors arrive in search of the precious metal. Currently...
2011-06-27 15:49:50

Posted an entry on Gold Blog
Faber says “Don’t trust central banks”
“I keep on accumulating gold,” says renowned investor Marc Faber, publisher of the Gloom, Boom & Doom report. Gold almost returned to where it started off this week, with the US dollar gold price falling 1.3 percent on Thursday compared...
2011-06-24 17:11:02

Posted an entry on Gold Blog
Gold Steadying, In Its Worst Week Since May
While gold fell as much as 2 percent in Thursday trading, Friday saw the precious metal steadying thanks to a softer dollar and a strengthening of the euro following the announcement that Greece had won approval for its five-year austerity plan....
2011-06-24 17:06:04

Posted an entry on Gold Blog
Gold And Silver to Benefit From Continued Currency Frictions
Greek Prime minister won the vote of confidence on midnight Tuesday, at a time when other markets were closed, while most analysts are predicting an inevitable default by Greece at some point. Yesterday saw Greek Prime Minister Papandreou winning the...
2011-06-22 16:32:46

Posted an entry on Gold Blog
Gold Advances As US Woes Exceed Europe’s
Gold continued to advance in Tuesday morning trading, rising to $1545 per ounce. The increase came ahead of the Greek confidence vote and among rumours that the US economy is even worse off than the European. On Tuesday, gold exceeded last month’s all...
2011-06-21 16:27:51

Posted an entry on Gold Blog
Precious Metals Imports Soar In India , Leaving Analysts Puzzled
Economists and analysts are left puzzled by the surge in imports of precious metals in India, amounting to $9 billion in just one month. Between the months of April and May 2011, the import of gold and silver in India has increased by 222 percent,...
2011-06-20 15:42:52

Posted an entry on Gold Blog
Gold & Silver Stocks Likely to Bottom Any Day
Gold and Silver equities have led the markets lower and have underperformed the metals significantly this year. For the past month or so Gold has firmed and Bonds have moved higher as most asset classes have declined. Unfortunately mining equities have...
2011-06-17 13:59:07

Posted an entry on Gold Blog
Nominal Gold: Gold vs. Currency, Commodities & Stock Market
Despite the pervasive bearishness in broad markets as well as the gold sector, gold remains too far above its weekly EMA 30. It is due for a correction, all the way down to the low to mid 1400’s (written sarcastically). This would be in keeping with...
2011-06-15 08:10:53

Posted an entry on Gold Blog
Gold Price Rising Further
Gold rose further on Wednesday, trading at $1,524.78 in early trade, with investors keeping an eye on global economic conditions. The increase came amidst inflation fears that had been ignited by strong Chinese economic data recently released, continued...
2011-06-15 07:35:58

Posted an entry on Gold Blog
Aurora May Face Criminal Action
The South African National Union of Mineworkers (NUM) on Wednesday called on the Pamodzi gold mines liquidators to initiate criminal action against the politically well-connected directors of Aurora Empowerment Systems. A spokesman for the mineworkers...
2011-06-15 07:31:23

Posted an entry on Gold Blog
South African Gold Mining Companies Facing Trade Union Wage Increase Demands
South African Chamber of Mines are next week expected to respond to trade union wage increase demands of 14 percent, the Independent Online reports. Following an initial meeting with representatives from the trade unions, the chamber announced that it...
2011-06-13 16:59:45

Posted an entry on Gold Blog
Goliath Gold: Not Interested in Pamodzi
A new South African gold-focused development company, Goliath Gold (GGM), on Friday indicated that the interest it previously expressed in acquiring Pamodzi Gold’s mines has been withdrawn. It was thought that the company was in discussions over the...
2011-06-10 11:24:23

Posted an entry on Gold Blog
Gold Will Not Trade under $ 1,540
Gold remained above $1,540 an ounce in Europe trading on Friday, as its appeal was boosted by concerns over the lack of consensus over measures to tackle the euro zone debt crisis. Spot gold was bid at $1,542.80 an ounce on Friday morning trading...
2011-06-10 11:21:54

Posted an entry on Gold Blog
Catalyst Needed: Gold Stocks are Underowned and Oversold
  While Gold is only 2% from all time highs, the gold stocks have struggled and underperformed badly. This is reminiscent of 2008, although we don’t think a similar result is coming. The fact is as QE 2 ends and the failed recovery peaks,...
2011-06-09 18:09:05

Posted an entry on Gold Blog
Will Tanzania Introduce “Super Tax” On Minerals?
Tanzania is considering ways in which to fund its five-year development plan, including a “super profit” tax on earnings from minerals, Reuters Africa reports. Tanzania is one of the top gold producers in Africa and the latest move is similar to...
2011-06-08 16:23:08

Posted an entry on Gold Blog
South African Stock Exchange Still Flat
The South African JSE ended flat on Monday, with gold stocks proving the main drag on the market – falling despite a strong bullion price. Andrew Tood, an equity derivatives trader at Imara SP Reid, said that the stronger rand also helped to keep...
2011-06-07 19:09:33

Posted an entry on Gold Blog
Gold Keeps Gaining
Gold gained for a third consecutive day in London trading, among continued concern about Europe’s debt crisis coupled with signs of a slowing US economy and a weakening dollar, all spurring demand for gold as an alternative investment. By 11:30am...
2011-06-07 19:06:09


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