Month: April 2014

Ukraine tension lifts gold

Ukraine tension lifts gold “Gold futures rose for a second session in a row today to finish at their highest level in a week, as intensifying tensions between Ukraine and Russia increased the metal’s safe-haven appeal. Gold for June delivery ticked up 0.5 percent to finish at $1,290.60 an ounce on the Comex division of

Golden opportunities lie outside Australia

Golden opportunities lie outside Australia “Consolidation in the Australian resources sector is creating a serious shortage of investment opportunities, and some fund managers say it leaves them with no choice but to build portfolios dominated by offshore companies to gain exposure to commodities such as gold. “There is a real shortage of opportunity in this

How Oversold Can Gold Price Get?

How Oversold Can Gold Price Get? “Gold is now extremely oversold, with emotional opinion in paper markets unanimously bearish. Traders tell us the 200-day moving average is well and truly broken and the next support level is $1260. However, when gold broke down through the $1280 level yesterday it rallied sharply to test the $1300

The scarcity of gold

The scarcity of gold “Gold has been valued as a quasi-currency for centuries for its malleability, lack of industrial uses and relative scarcity. But despite warnings from gold bugs that central banks and emerging-market investors are snapping up all available stockpiles, there’s still a lot of it available to the market.” By Matt Day November 23, 2011 http://blogs.wsj.com Read

The scarcity of gold

The scarcity of gold “Gold has been always been genuinely scarce; if you were to gather and melt all the gold mined throughout history it would be barely enough to fill 3.5 Olympic sized swimming pools. Of this gold, only a mere fraction is freely traded on the market at any given time. To quantify this

Gold scarcity takes shine off Deepavali

Gold scarcity takes shine off Deepavali “In India’s biggest bullion market, Mumbai’s Zaveri Bazaar, gold dealers are busy – not filling orders for customers, but busy avoiding phone calls because they don’t have any gold to sell. Battling a huge trade deficit and a weak currency, the government has taken various steps this year to

Paper Gold Market Collapses. Scarcity of Physical Gold for Sale in Asia…

Paper Gold Market Collapses. Scarcity of Physical Gold for Sale in Asia… “The official story presented by “authoritative” financial analysts is that the price of gold plummeted  “as fears diminished” that central banks would now be able to “stoke” inflationary pressures,  thereby boosting from one day to the next confidence in the US dollar. According