tag:blogger.com,1999:blog-5903005279459151542024-03-13T14:01:02.163-07:00Gold Bullion BarsAnonymoushttp://www.blogger.com/profile/03894635171448477188noreply@blogger.comBlogger306125tag:blogger.com,1999:blog-590300527945915154.post-83721226679640908602014-10-20T12:38:00.003-07:002014-10-20T12:38:34.203-07:00Gold demand in China grossly underestimated, expert says<span class="Apple-style-span" style="color: #595959; font-family: franklin-gothic-urw-cond-n4, franklin-gothic-urw-cond, arial, verdana, sans-serif; font-size: 15px; line-height: 21px;"></span><br />
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The market is now “driven by Asia,” notes BlackRock fund manager</h3>
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Koos Jansen of the In Gold We Trust blog and Bullion Star has long contested the so-called “official” statistics on China’s <a href="https://www.blanchardgold.com/gold-silver/gold/" style="color: #8a9200; font-weight: normal; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: underline;" target="_blank">gold</a> consumption, and now he’s pointing to a bombshell speech from the head of the China Gold Association that confirms his argument.</div>
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Jansen says that import/export figures tracking gold shipments between mainland China and Hong Kong are inadequate because they don’t reveal the true demand picture. Likewise, he disagrees with the World Gold Council’s data on Chinese purchases, saying its estimates of about 1,000 tons are grossly lowballed. Jansen cites the Shanghai Gold Exchange as the best gauge of Chinese demand.</div>
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<strong style="font-weight: bold;">Demand pegged at 2,000 tons: </strong>In a new blog post, Jansen says a speech from a top Chinese gold industry player, now available in an English translation, confirm his estimates of much-higher gold demand.</div>
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“This is the final blow for the ones who still couldn’t comprehend, after all evidence presented, the amount of Chinese non-government gold demand in 2013,” <a href="http://www.zerohedge.com/news/2014-10-12/shanghai-exchange-chairman-admits-china-gold-demand-topped-2000-tonnes-2013" style="color: #8a9200; font-weight: normal; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: underline;" target="_blank">Jansen wrote</a>. “At the LBMA forum in Singapore June 25, 2014, one of the keynote speakers was chairman of the Shanghai Gold Exchange (SGE) Xu Luode. In his speech he made a few very candid statements about Chinese consumer gold demand that according to Xu reached 2,000 tonnes in 2013. <a href="https://www.bullionstar.com/article/does%20the%20wgc%20understand%20the%20chinese%20gold%20market" style="color: #8a9200; font-weight: normal; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: underline;" target="_blank">In contrast to the Word Gold Council (WGC)</a> that states Chinese gold demand was 1,066 tonnes in 2013. Xu's speech has now finally been translated and <a href="https://drive.google.com/file/d/0B_GhvGyl1tuQMmdqQjh1ODJIY0E/view?usp=sharing" style="color: #8a9200; font-weight: normal; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: underline;" target="_blank">published</a> in the LBMA magazine <a href="https://drive.google.com/a/bentmedia.com/file/d/0B_GhvGyl1tuQMmdqQjh1ODJIY0E/view?pli=1" style="color: #8a9200; font-weight: normal; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: underline;" target="_blank">The Alchemist #75</a>.”</div>
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“Data on China’s gold imports has not previously been made available to the public,” Xu said. “However, gold has historically been imported through Hong Kong, and Hong Kong is highly transparent, disclosing details such as the number of tonnes of gold imported on a monthly basis.<a href="http://www.ingoldwetrust.ch/sge-chairman-china-should-become-first-class-international-gold-market" style="color: #8a9200; font-weight: normal; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: underline;" target="_blank">Last year, China imported 1,540 tonnes of gold</a><span style="text-decoration: underline;">.</span> Such imports, together with the 430 tonnes of gold we produced ourselves, means that we have, in effect, supplied approximately 2,000 tonnes of gold last year.”</div>
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<strong style="font-weight: bold;">Media are dropping the ball: </strong>Jansen concludes: “There still hasn't been a single mainstream news outlet that has covered the immense discrepancy between the Chinese demand numbers from the WGC and the SGE. I would like to express my deepest concern about how the mainstream media is covering the (Chinese) gold market. Xu stated, at the most prominent precious metals forum in the world, Chinese gold demand reached 2,000 tonnes. How could the press have missed this?” </div>
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But look out: Asia’s ability to import gold – as well as its role in setting prices -- will only grow stronger now that China, Hong Kong, and Singapore are launching new influential gold contracts. Even The Wall Street Journal had to acknowledge the issue.</div>
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“Asians buy most of the world’s gold, but nearly all of it trades in London,” <a href="http://online.wsj.com/articles/asian-market-hubs-move-into-gold-trading-1413140956" style="color: #8a9200; font-weight: normal; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: underline;" target="_blank">it reported</a>. "Now, with Western investors souring on the metal, the region is making a bid for some of the action. Three big financial hubs in Asia are separately launching trading in a gold contract, each backed with physical gold. If they draw enough investors, the contracts could influence the price of gold, which is set by a daily fix in London.”</div>
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“You now have a market that’s driven by Asia,” BlackRock fund manager Catherine Raw told the paper.</div>
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<strong style="font-weight: bold;">“Enormous” gold demand:</strong> Combine this news with a recent statement from bestselling author and investment strategist Jim Rickards, and you have a frightening picture of Chinese gold demand.</div>
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China is “bringing gold in through Central Asia using People’s Liberation Army assets – armored columns, basically – off the books, mining outputs, Hong Kong imports,” he said. “China has acquired 3,000 to 4,000 tons in the last five years. That’s almost 10% of all the official gold in the world. These are enormous acquisitions.”</div>
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There’s a giant sucking sound coming from Asia, and it’s the sound of China – along with India, Singapore, and other nations – lapping up Western gold. The potential implications for the gold price – not to mention the U.S. dollar – are huge. Therefore, the time to acquire your own store of physical gold is now.</div>
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Anonymoushttp://www.blogger.com/profile/03894635171448477188noreply@blogger.com0tag:blogger.com,1999:blog-590300527945915154.post-75312387229746011592014-10-05T11:40:00.001-07:002014-10-05T11:40:14.538-07:00Greenspan sings gold’s praises as China aims for 8,500 tons<span class="Apple-style-span" style="color: #595959; font-family: franklin-gothic-urw-cond-n4, franklin-gothic-urw-cond, arial, verdana, sans-serif; font-size: 15px; line-height: 21px;"></span><br />
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Former Fed chief weighs in on bullion’s “universal acceptability”</h3>
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As if the geopolitical situation across the globe weren’t volatile enough, the massive demonstrations in Hong Kong have only added fuel to the fire.</div>
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“Make no mistake, if China starts to slide into chaos, the <a href="https://www.blanchardgold.com/gold-silver/gold/" style="color: #8a9200; font-weight: normal; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: underline;" target="_blank">gold</a> price will go wild,” ADVFN.com chief Clem Chambers <a href="http://onforb.es/1vtdPa4" style="color: #8a9200; font-weight: normal; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: underline;" target="_blank">wrote at Forbes</a>.</div>
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There’s “a safe-haven play starting to develop, and obviously that stretches not just sort of what’s happening in the Middle East, in Russia, but also obviously what’s happening in Asia at the moment, particularly in Hong Kong,” agreed Ayers Alliance Securities exec Jonathan Barratt <a href="http://www.bloomberg.com/video/no-real-reason-to-buy-gold-barratt-GqG9qiQmQ~uRkPgBt0lZOw.html" style="color: #8a9200; font-weight: normal; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: underline;" target="_blank">in a Sept. 29 Bloomberg interview</a>.</div>
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In the short term, the Hong Kong unrest could dampen buying during this week’s gold-focused National Day holiday, but “the physical demand for the metal is still there,” Barratt argued.</div>
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<strong style="font-weight: bold;">Greenspan sings gold’s praises: </strong>And demand is apparently there at the sovereign level, so much so that Ayn Rand acolyte and former Federal Reserve chief Alan Greenspan weighed in on the issue <a href="http://www.foreignaffairs.com/articles/142114/alan-greenspan/golden-rule#cid=soc-twitter-at-snapshot-golden_rule-000000" style="color: #8a9200; font-weight: normal; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: underline;" target="_blank">in an article in Foreign Affairs</a>, the main journal of the Council on Foreign Relations.</div>
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“If China were to convert a relatively modest part of its $4 trillion foreign exchange reserves into gold, the country’s currency could take on unexpected strength in today’s international financial system,” he wrote. Greenspan sounded skeptical about how far China will go in implementing some form of a gold standard, but at least in the short term, “for the rest of the world, gold prices would certainly rise.”</div>
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<strong style="font-weight: bold;">Fiat cash pales versus gold:</strong> Despite Greenspan’s assumption that a new gold standard isn’t forthcoming, he acknowledged gold’s role as the ultimate currency. “Gold has special properties that no other currency, with the possible exception of <a href="https://www.blanchardgold.com/gold-silver/silver/" style="color: #8a9200; font-weight: normal; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: underline;" target="_blank">silver</a>, can claim. For more than two millennia, gold has had virtually unquestioned acceptance as payment. It has never required the credit guarantee of a third party. No questions are raised when gold or direct claims to gold are offered in payment of an obligation; it was the only form of payment, for example, that exporters to Germany would accept as World War II was drawing to a close. Today, the acceptance of fiat money -- currency not backed by an asset of intrinsic value -- rests on the credit guarantee of sovereign nations endowed with effective taxing power, a guarantee that in crisis conditions has not always matched the universal acceptability of gold.</div>
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<strong style="font-weight: bold;">No barbarous relic: </strong>“If the dollar or any other fiat currency were universally acceptable at all times, central banks would see no need to hold any gold. The fact that they do indicates that such currencies are not a universal substitute. … If, in the words of the British economist John Maynard Keynes, gold were a ‘barbarous relic,’ central banks around the world would not have so much.”</div>
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Greenspan downplayed the likelihood of China surpassing the U.S. as a dominant power, sayings its authoritarian nature would hamper the innovation needed to achieve technological superiority. But perhaps Greenspan hasn’t seen the numerous reports predicting that China is on course to top America, <a href="https://www.blanchardgold.com/investment-news/the-longview/china-to-dethrone-us-as-worlds-biggest-economy-by-2024-report-says/" style="color: #8a9200; font-weight: normal; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: underline;" target="_blank">maybe even as early as 2024</a>.</div>
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<strong style="font-weight: bold;">“More than the U.S.” is goal: </strong>And maybe Greenspan missed recent articles written by China Gold Association President Song Xin and published <a href="http://finance.sina.com.cn/nmetal/tzzs/20140730/153019863945.shtml" style="color: #8a9200; font-weight: normal; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: underline;" target="_blank">on Sina Finance</a>. Koos Jansen, a writer for In Gold We Trust and <a href="https://www.bullionstar.com/article/china%20aims%20for%20official%20gold%20reserves%20at%208500t" style="color: #8a9200; font-weight: normal; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: underline;" target="_blank">Bullion Star</a>, brought Song’s work to light.</div>
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“In this view, our gold reserves are very low, both in terms of a nominal level as well as a percentage of official reserves,” Song wrote. “That is why, in order for gold to fulfill its destined mission, we must raise our gold holdings a great deal, and do so with a solid plan. Step one should take us to the 4,000 tonnes mark, more than Germany and become number two in the world, next, we should increase step by step towards 8,500 tonnes, more than the U.S.”</div>
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<strong style="font-weight: bold;">As strategic a resource as oil:</strong> And Song’s predecessor at the gold association, Sun Zhaoxue, <a href="http://www.ingoldwetrust.ch/building-a-strong-economic-and-financial-security-barrier-for-china" style="color: #8a9200; font-weight: normal; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: underline;" target="_blank">wrote these words in 2012</a>: “The state will need to elevate gold to an equal strategic resource as oil.</div>
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“Currently, there are more and more people recognizing that the ‘gold is useless’ story contains too many lies. Gold now suffers from a ‘smokescreen’ designed by the U.S., which stores 74% of global official gold reserves, to put down other currencies and maintain the U.S. dollar hegemony. … Individual investment demand is an important component of China’s gold reserve system, we should encourage individual investment demand for gold. Practice shows that gold possession by citizens is an effective supplement to national reserves and is very important to national financial security.”</div>
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Gold investors would be wise to keep watching the crisis in China unfold and what China is doing with its currency and gold reserves. Alan Greenspan certainly is, at least to some degree.</div>
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<span class="Apple-style-span" style="color: #333333; font-family: Verdana, sans-serif; font-size: 13px; font-weight: normal; line-height: 18px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-style: normal; line-height: 19px;"><i><span class="Apple-style-span" style="color: #444444; font-family: Arial; font-style: normal; line-height: 21px;">More information can be found online at <u style="line-height: 1.5;"><a class="link_website" href="http://www.goldbullionadvisors.com/" name="1368569797" style="color: #444444; font-size: 14px; line-height: 1.5; text-decoration: underline;" target="_blank" title="View more details about "We will see $2,000 gold," predicts Grandich Letter publisher - Wealth Managers">http://www.goldbullionadvisors.com</a></u></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></div>
Anonymoushttp://www.blogger.com/profile/03894635171448477188noreply@blogger.com0tag:blogger.com,1999:blog-590300527945915154.post-86270614895032486412014-09-24T12:41:00.004-07:002014-09-24T12:41:57.052-07:00Russia loads up on 9 more tons of gold in August<span class="Apple-style-span" style="color: #595959; font-family: franklin-gothic-urw-cond-n4, franklin-gothic-urw-cond, arial, verdana, sans-serif; font-size: 15px; line-height: 21px;"></span><br />
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Prime minister, finance minister detail plans for shunning the U.S. dollar</h3>
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Last week China’s launch of its new <a href="http://online.wsj.com/articles/shanghai-gold-exchange-launches-international-board-1411011031" style="color: #8a9200; font-weight: normal; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: underline;" target="_blank">yuan-denominated gold contract in Shanghai’s free-trade zone</a> was the talk of the industry. Now <a href="http://www.zerohedge.com/news/2014-09-20/why-china-russia-china-are-now-enemy" style="color: #8a9200; font-weight: normal; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: underline;" target="_blank">China’s top ally</a> in the race to dethrone the U.S. dollar – Russia – has made some headlines of its own.</div>
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Russia’s central bank has announced <a href="http://www.mineweb.com/mineweb/content/en//mineweb-gold-news?oid=253932&sn=Detail" style="color: #8a9200; font-weight: normal; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: underline;" target="_blank">the purchase of 9.3 tonnes of gold bullion</a> to its reserves in August. “Russian <a href="https://www.blanchardgold.com/bullion/gold/" style="color: #8a9200; font-weight: normal; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: underline;" target="_blank">gold</a> reserves now stand at 1,113.5 tonnes, the world’s fifth largest national holding, thus climbing even further above China’s 'official' 1,054 tonnes,” Mineweb’s Lawrence Williams reported. The bank has added about 1.4 million ounces of gold in the past four months.</div>
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“Russia, like China, perhaps somewhat belatedly, has come to see its gold holdings as a significant positive in any new world financial order that may develop over the next decade.”</div>
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Williams went on to note that China and Russia also are moving ahead with new trade and currency deals, particularly in energy, with the ultimate goal of replacing the dollar as the go-to currency in such transactions.</div>
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Is there any reason to doubt that targeting the U.S. dollar is their plan? Not with top Russian ministers articulating that goal almost daily. <a href="http://www.zerohedge.com/news/2014-09-20/russia-finmin-calls-shift-away-us-treasurys-bric-bonds-settlement-non-dollar-currenc" style="color: #8a9200; font-weight: normal; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: underline;" target="_blank">Zero Hedge reports</a> that Russian Prime Minister Dmitry Medvedev <a href="http://en.ria.ru/world/20140920/193126956/Medvedev-Russia-to-Amplify-Mutually-Beneficial-Cooperation-With.html" style="color: #8a9200; font-weight: normal; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: underline;" target="_blank">told Rossiya TV</a> that Moscow and its allies “can easily make mutual settlements directly” in their own currencies and that China “is our strategic partner, and we are interested in expanding the volume of cooperation.”</div>
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Moreover, <a href="http://online.wsj.com/articles/russia-to-consider-diversifying-away-from-western-debt-securities-1411216108" style="color: #8a9200; font-weight: normal; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: underline;" target="_blank">The Wall Street Journal reported</a> that Russia's finance minister, Anton Siluanov, admitted that their goal is diversifying away from the dollar. "[We would like to] walk away from investing in papers of the countries that impose sanctions against us," he said, referring to the U.S. and its primary debt instrument, the Treasury bond.</div>
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Siluanov announced plans to instead purchase the bonds of fellow BRICS nations, which besides Russia comprises Brazil, India, China, and South Africa, as well as channeling money into the new BRICS bank, which was established this past summer, as well as creating a new “mini-IMF” to serve the BRICS.</div>
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The dollar is at highs unseen in years, but its long-term trajectory has not been healthy. With these major economies making concrete forays into gold and nondollar trade and currency deals, the time to prepare for a weaker greenback is now, through gold.</div>
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<span class="Apple-style-span" style="color: #333333; font-family: Verdana, sans-serif; font-size: 13px; font-weight: normal; line-height: 18px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-style: normal; line-height: 19px;"><i><span class="Apple-style-span" style="color: #444444; font-family: Arial; font-style: normal; line-height: 21px;">More information can be found online at <u style="line-height: 1.5;"><a class="link_website" href="http://www.goldbullionadvisors.com/" name="1368569797" style="color: #444444; font-size: 14px; line-height: 1.5; text-decoration: underline;" target="_blank" title="View more details about "We will see $2,000 gold," predicts Grandich Letter publisher - Wealth Managers">http://www.goldbullionadvisors.com</a></u></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></div>
Anonymoushttp://www.blogger.com/profile/03894635171448477188noreply@blogger.com1tag:blogger.com,1999:blog-590300527945915154.post-26093702291723503162014-08-29T12:09:00.003-07:002014-08-29T12:09:41.972-07:00Gold bounces back: Bullion’s resiliency hailed as “tremendous”<span class="Apple-style-span" style="color: #595959; font-family: franklin-gothic-urw-cond-n4, franklin-gothic-urw-cond, arial, verdana, sans-serif; font-size: 15px; line-height: 21px;"></span><br />
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Metal hits $1,290 and reclaims 200-day moving average Tuesday</h3>
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Just when the bears think <a href="https://www.blanchardgold.com/bullion/gold/" style="color: #8a9200; font-weight: normal; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: underline;" target="_blank">gold</a> has capitulated, it comes fighting back. That’s what the yellow metal did Tuesday, rebounding from a two-month low of $1,273 to hit a session high of $1,290. Suddenly, $1,300 is back in the cards.</div>
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<a href="http://news.goldseek.com/GoldSeek/1409082766.php" style="color: #8a9200; font-weight: normal; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: underline;" target="_blank">Festival buying in India</a> helped bullion prices, as did simmering tensions in Ukraine <a href="http://online.wsj.com/articles/ukraine-says-video-shows-russian-soldiers-it-captured-1409050559" style="color: #8a9200; font-weight: normal; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: underline;" target="_blank">as Russian President Vladimir Putin met with President Petro Poroshenko</a> for trade talks in Minsk.</div>
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“Gold is getting a bid today because of the escalation in violence in Ukraine,” Frank Lesh of FuturePath <a href="http://www.bloomberg.com/news/2014-08-26/gold-holds-near-two-month-low-as-dollar-s-strength-hurts-demand.html" style="color: #8a9200; font-weight: normal; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: underline;" target="_blank">told Bloomberg</a>. “Some people are worried that this crisis will not end soon.”</div>
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Bullion also managed to retake its 200-day moving average near $1,280 in Tuesday’s surge. "Overall, it seems that gold is getting back into that range of $1,287 and $1,312 as it is clawing back some of the losses made last week and gaining on the back of technical strength," <a href="http://www.cnbc.com/id/101943366" style="color: #8a9200; font-weight: normal; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: underline;" target="_blank">Mitsubishi analyst Jonathan Butler said</a>.</div>
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What’s amazing is that gold has fought its way back higher even as the U.S. stock market has roared ahead, led by the S&P 500’s charge above 2,000 for the first time in its history. (However, trading veterans such as <a href="http://www.cnbc.com/id/101944468#_gus" style="color: #8a9200; font-weight: normal; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: underline;" target="_blank">Art Cashin of UBS</a> were quick to point out that the S&P record was achieved Monday <a href="http://www.zerohedge.com/news/2014-08-25/sp-makes-history-lowest-volume-year" style="color: #8a9200; font-weight: normal; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: underline;" target="_blank">on the lowest trading volumes of the year</a> – not a healthy sign.)</div>
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Stocks have been advancing, but U.S. data continue to show a mixed recovery that could force the Federal Reserve to keep rates near record lows for longer than most onlookers are expecting – and that’s good news for gold.</div>
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Although <a href="http://www.marketwatch.com/story/boeing-fuels-record-orders-for-durable-goods-2014-08-26" style="color: #8a9200; font-weight: normal; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: underline;" target="_blank">durable-goods orders hit a record</a>, the gains were largely fueled by Boeing orders. <a href="http://www.zerohedge.com/news/2014-08-26/durables-goods-ex-boeing-plunge-2014-lows" style="color: #8a9200; font-weight: normal; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: underline;" target="_blank">As Zero Hedge pointed out</a>, minus the transportation sector, orders “collapsed from a 3% gain to a 0.8% drop -- the biggest drop in 2014, missing expectations by the most in 8 months.”</div>
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And on the housing front, the <a href="http://www.zerohedge.com/news/2014-08-26/widespread-slowdown-home-price-gains-case-shiller-misses-rises-slowest-2012" style="color: #8a9200; font-weight: normal; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: underline;" target="_blank">Case-Shiller home-price index showed that</a> "for the first time since February 2008, all cities showed lower annual rates than the previous month." That report was preceded by Monday’s new-home sales number, which <a href="http://www.zerohedge.com/news/2014-08-25/new-home-sales-drop-lowest-march-northeast-craters-biggest-supply-october-2011" style="color: #8a9200; font-weight: normal; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: underline;" target="_blank">dropped to its lowest level since March</a>.</div>
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Also on Monday, U.S. service-sector PMI also fell short of expectations, <a href="http://www.zerohedge.com/news/2014-08-25/services-pmi-drops-most-6-months-recovery-has-lost-some-momentum-markit-says" style="color: #8a9200; font-weight: normal; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: underline;" target="_blank">with Markit noting</a> that its “latest survey suggests the recovery has lost some momentum since hitting a post-crisis peak in June.”</div>
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So despite all the razzle dazzle in the stock market, gold is hanging in there -- and then some, noted CNBC contributor Jeff Kilburg of KKM Financial, <a href="http://video.cnbc.com/gallery/?video=3000305596&play=1" style="color: #8a9200; font-weight: normal; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: underline;" target="_blank">who told the network Tuesday</a>: “The resiliency in gold has been tremendous. Look at every reason that the bears have had to sell it and they have not been victorious. We’re looking here at $1,285. We have not seen inflation, according to the government. We have not seen any type of movement from a kneejerk reaction on the stock market as it hits historic highs. Geopolitical tensions have subsided. So every reason they have had to sell it under $1,100, even under $1,000 like we’ve seen a lot of forecasts – it has not happened. So I like owning gold due to the fact that it’s kind of like the Rocky Balboa right now – it’s been going around the ring, it’s been knocked a bunch of times, but it will not go down. … Every reason that all these bears have had to sell the living life out of it – it hasn’t happened.”</div>
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And Axel Merk of Merk Funds made a similar observation <a href="http://usawatchdog.com/i-fear-a-crash-axel-merk/#more-12677" style="color: #8a9200; font-weight: normal; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: underline;" target="_blank">in a recent interview with Greg Hunter of USA Watchdog</a>. “I am spooked about the equity markets. The folks that buy stocks buy them because they have to keep up with the markets. The folks that buy gold buy it because they like gold. Just recently, you have a downturn, and you don’t have this rush to sell gold right now because the folks holding it are strong hands. Whereas in the stock market, if you have a wave of sellers, who says everybody is not going to rush for that same exit at the same time.”</div>
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It’s time to take some chips off the equities table, Merk argued. “I fear a crash. The reason I fear a crash is that when you have a market that goes up relentlessly, and volatility goes down and complacency is high, that means folks are buying equities that are not aware of the risks of the stock market. The moment the fear comes back to the market, for whatever reason, those guys are gone in a heartbeat.”</div>
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<span class="Apple-style-span" style="color: #333333; font-family: Verdana, sans-serif; font-size: 13px; line-height: 18px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-style: normal; line-height: 19px;"><i><span class="Apple-style-span" style="color: #444444; font-family: Arial; font-style: normal; line-height: 21px;">More information can be found online at <u style="line-height: 1.5;"><a class="link_website" href="http://www.goldbullionadvisors.com/" name="1368569797" style="color: #444444; font-size: 14px; line-height: 1.5; text-decoration: underline;" target="_blank" title="View more details about "We will see $2,000 gold," predicts Grandich Letter publisher - Wealth Managers">http://www.goldbullionadvisors.com</a></u></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></div>
Anonymoushttp://www.blogger.com/profile/03894635171448477188noreply@blogger.com0tag:blogger.com,1999:blog-590300527945915154.post-51302894545770841992014-06-20T10:29:00.001-07:002014-06-20T10:29:09.685-07:00Gold demand in China to remain strong long-term, says its biggest miner - Wealth Management<span class="Apple-style-span" style="color: #595959; font-family: franklin-gothic-urw-cond-n4, franklin-gothic-urw-cond, arial, verdana, sans-serif; font-size: 15px; line-height: 21px;"></span><br />
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Meanwhile, top jeweler reports 32% increase in profits</h3>
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Official <a href="https://www.blanchardgold.com/bullion/gold/" style="color: #8a9200; font-weight: normal; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: underline;" target="_blank" title="Gold">gold</a>-demand statistics in China for the second quarter could show a bit of a lull, but new reports from its mining and retail-jewelry sectors suggest that the long-term trend remains bullish.</div>
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<a href="http://online.wsj.com/articles/china-national-gold-is-talking-to-barrick-about-potential-partnerships-1403019839" style="color: #8a9200; font-weight: normal; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: underline;" target="_blank">The Wall Street Journal reported</a> that “China’s largest gold-mining company, China National Gold Group Corp., is on the hunt for global acquisitions and partnerships.”</div>
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Why? Last year “the country’s gold consumption grew to more than 1,176.4 metric tons, but its production was 428 metric tons, a dynamic which encourages overseas acquisitions.”</div>
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Company President Xin Song said “he believed that demand for gold in China will remain strong even if the second quarter of this year sees a slight decline over the preceding quarter. … Long-term demand should stay strong.”</div>
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And in the retail gold sector, the world’s largest jewelry chain, Chow Tai Fook, “reported a 32% increase in profit as it sold more gold products,” <a href="http://www.bloomberg.com/news/2014-06-17/chow-tai-fook-profit-rises-32-on-china-jewelry-sales.html" style="color: #8a9200; font-weight: normal; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: underline;" target="_blank">Bloomberg noted</a>.</div>
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“We are also confident that our business will continue to benefit from the colossal market potential in mainland China, especially in the lower-tier inland cities where economic growth and resilience to macro-economic changes are both strong,” the company said.</div>
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<span class="Apple-style-span" style="color: #333333; font-family: Verdana, sans-serif; font-size: 13px; font-weight: normal; line-height: 18px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-style: normal; line-height: 19px;"><i><span class="Apple-style-span" style="color: #444444; font-family: Arial; font-style: normal; line-height: 21px;">More information can be found online at <u style="line-height: 1.5;"><a class="link_website" href="http://www.goldbullionadvisors.com/" name="1368569797" style="color: #444444; font-size: 14px; line-height: 1.5; text-decoration: underline;" target="_blank" title="View more details about "We will see $2,000 gold," predicts Grandich Letter publisher - Wealth Managers">http://www.goldbullionadvisors.com</a></u></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></div>
Anonymoushttp://www.blogger.com/profile/03894635171448477188noreply@blogger.com0tag:blogger.com,1999:blog-590300527945915154.post-39227189818017292232014-06-20T10:23:00.002-07:002014-06-20T10:23:49.209-07:00Gold targets $1,300 as Fed pours fire on inflationary forces - Wealth Management<span class="Apple-style-span" style="color: #595959; font-family: franklin-gothic-urw-cond-n4, franklin-gothic-urw-cond, arial, verdana, sans-serif; font-size: 15px; line-height: 21px;"></span><br />
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Low rates support bullion but could spawn financial “catastrophe”</h3>
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After hitting a peak near $1,285 on Monday and stumbling on Tuesday, <a href="https://www.blanchardgold.com/bullion/gold/" style="color: #8a9200; font-weight: normal; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: underline;" target="_blank" title="Gold">gold</a>was rising back above $1,275 late Wednesday after Federal Reserve chief Janet Yellen stressed the need for “highly accommodative” monetary policies for a “considerable period” of time going forward. By Thursday morning, <a href="http://www.bloomberg.com/news/2014-06-19/gold-trades-near-three-week-high-on-fed-s-rate-outlook.html" style="color: #8a9200; font-weight: normal; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: underline;" target="_blank">gold was knocking again at $1,300</a>, also supported by the dangerous civil war unfolding in Iraq.</div>
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The Fed <a href="http://www.bloomberg.com/news/2014-06-18/fed-officials-raise-forecast-target-rates-for-next-2-years.html" style="color: #8a9200; font-weight: normal; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: underline;" target="_blank">left interest rates near record lows</a> but did continue tapering its bond-buying stimulus program. Nonetheless, it will still be buying $35 billion in Treasury bonds and mortgage-backed securities a month. The central bank also was forced to lower its U.S. growth forecast for the rest of the year after the first quarter’s unexpected economic projections, from 2.9% to about 2.1% to 2.3%.</div>
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“The growth forecast reduction suggested that the Fed may not be in a hurry to accelerate tapering,” <a href="http://www.cnbc.com/id/101770782" style="color: #8a9200; font-weight: normal; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: underline;" target="_blank">said James of HSBC</a>. Added Bank of Tokyo-Mitsubishi<a href="http://www.bloomberg.com/news/2014-06-19/fed-dots-ignored-as-investors-focus-on-yellen-s-message.html" style="color: #8a9200; font-weight: normal; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: underline;" target="_blank">economist Chris Rupkey</a>: “All the evidence is that this is the weakest economic recovery on record, so she is going to tilt the committee in the direction of providing as much aid as possible for as long as it takes.”</div>
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Given Tuesday’s <a href="http://www.zerohedge.com/news/2014-06-18/those-soaring-food-and-gas-prices-fed-has-name-them-noise" style="color: #8a9200; font-weight: normal; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: underline;" target="_blank">surprising CPI inflation report</a> showing an uptick in prices, Yellen’s comment that the CPI was just “noise” was astonishing. “The Fed is maybe a little bit in denial about recent inflation trends,” <a href="http://www.bloomberg.com/news/2014-06-19/fed-dots-ignored-as-investors-focus-on-yellen-s-message.html" style="color: #8a9200; font-weight: normal; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: underline;" target="_blank">said economist Laura Rosner at BNP Paribas</a>.</div>
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The Fed is “pouring fire” on the “glowing embers of inflation” by continuing to buy bonds, albeit at a smaller official pace, <a href="http://www.cnbc.com/id/101767467#_gus" style="color: #8a9200; font-weight: normal; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: underline;" target="_blank">warned Jim Grant</a>, founder and editor of Grant’s Interest Rate Observer. That will certainly lead to “financial turmoil.”</div>
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Economist Marc Faber agreed. “It’s a catastrophe,” <a href="http://www.cnbc.com/id/101767557" style="color: #8a9200; font-weight: normal; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: underline;" target="_blank">Faber told CNBC on Tuesday</a>. “What the Fed has done is to lift asset prices, and the cost of living. In the meantime, as the cost of living increases, are higher than the wage increases, the typical American household income is going down in real terms. …</div>
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“So the Fed is boosting asset prices. It leads to less affordability, people can't buy their homes anymore in the lower income group. Except, of course, the well-to-do people, they can buy homes because their asset prices have gone up and they own the assets,” Faber said. “And so the more they print, the more inequality there is, the weaker the economy will become.”</div>
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Two other economists told CNBC that the Fed should be more worried about inflation. The Fed's 2% inflation target is just that, a target, <a href="http://www.cnbc.com/id/101769003" style="color: #8a9200; font-weight: normal; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: underline;" target="_blank">BNY Mellon chief economist Richard Hoey said</a>. The Fed might be thinking, “We've run below 2% for a while, what's so bad about running at 2.5% for while?”</div>
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“Be careful what you wish for,” UBS economist Draw Matus added. “They were worried about inflation being too low.”</div>
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With the Fed having <a href="http://www.zerohedge.com/news/2014-06-18/feds-laughable-2014-gdp-forecast-over-time" style="color: #8a9200; font-weight: normal; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: underline;" target="_blank">missed so badly this year on the U.S. GDP target</a>, can it be trusted to get its inflation forecasts right? Not necessarily. The time to prepare for the potential of out-of-control inflation is today. That means staying long<a href="https://www.blanchardgold.com/bullion/gold/" style="color: #8a9200; font-weight: normal; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: underline;" target="_blank" title="Gold">gold</a> and <a href="https://www.blanchardgold.com/bullion/silver/" style="color: #8a9200; font-weight: normal; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: underline;" target="_blank" title="Silver">silver</a>.</div>
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<span class="Apple-style-span" style="color: #333333; font-family: Verdana, sans-serif; font-size: 13px; line-height: 18px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-style: normal; line-height: 19px;"><i><span class="Apple-style-span" style="color: #444444; font-family: Arial; font-style: normal; line-height: 21px;">More information can be found online at <u style="line-height: 1.5;"><a class="link_website" href="http://www.goldbullionadvisors.com/" name="1368569797" style="color: #444444; font-size: 14px; line-height: 1.5; text-decoration: underline;" target="_blank" title="View more details about "We will see $2,000 gold," predicts Grandich Letter publisher - Wealth Managers">http://www.goldbullionadvisors.com</a></u></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></div>
</span>Anonymoushttp://www.blogger.com/profile/03894635171448477188noreply@blogger.com0tag:blogger.com,1999:blog-590300527945915154.post-87970397595650554612014-05-19T15:59:00.002-07:002014-05-19T15:59:17.799-07:00“Gold remains an important element of global monetary reserves,” central banks affirm<span class="Apple-style-span" style="color: #595959; font-family: franklin-gothic-urw-cond-n4, franklin-gothic-urw-cond, arial, verdana, sans-serif; font-size: 15px; line-height: 21px;"></span><br />
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European pact means no “significant” bullion sales planned</h3>
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The European Central Bank and 20 other top regional central banks have announced a fourth Central Bank <a href="https://www.blanchardgold.com/bullion/gold/" style="color: #8a9200; font-weight: normal; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: underline;" target="_blank" title="Gold">Gold</a> Agreement — a pact that’s important for bullion investors because it pledges no imminent large-scale sales of the yellow metal.</div>
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<a href="http://www.ecb.europa.eu/press/pr/date/2014/html/pr140519.en.html" style="color: #8a9200; font-weight: normal; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: underline;" target="_blank">In the May 19 press release</a>, the signatories pledge that “gold remains an important element of global monetary reserves” and that “they do not have any plans to sell significant amounts of gold.”</div>
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“The agreement, the fourth of its kind, marks a continued commitment from some of the world’s largest gold reserve holders to preserve the clarity and transparency that this agreement provides for gold market participants,”<a href="http://www.fastmarkets.com/gold-news/75450-0-en" style="color: #8a9200; font-weight: normal; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: underline;" target="_blank"> the World Gold Council said</a>. “It also firmly reasserts the importance of gold as an asset in global monetary reserves.”</div>
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In recent years, central banks around the globe started buying gold again, reversing a longstanding trend, and those purchases have been a key pillar of support in gold’s long bull run because they take major supply off the market.</div>
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The new gold agreement differs from previous pacts in that it lacks a cap on sales for the first time. However, with the ECB expected to introduce a negative interest rate at its June meeting and perhaps even a quantitative-easing program at a later date, now is not the time to get rid of a reserve asset like gold.</div>
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A couple of analysts dismissed the lack of a sales cap. “The lack of an explicit quota introduces some uncertainty, but given the trend in central bank activity in recent years, it only becomes more of an issue if this trend shifts. And at this point, I don’t see that happening any time soon,” <a href="http://www.mineweb.com/mineweb/content/en//mineweb-gold-news?oid=241613&sn=Detail" style="color: #8a9200; font-weight: normal; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: underline;" target="_blank">said Joni Teves of UBS</a>.</div>
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“European gold sales are over,” added Natalie Dempster of WGC. “If you look at the trend elsewhere, in the past few years we’ve seen significant purchases from Asia and Latin America. What it says is, central banks have been net buyers of gold for the past few years, and that trend is likely to remain in place for the next few years.”</div>
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<span class="Apple-style-span" style="color: #333333; font-family: Verdana, sans-serif; font-size: 13px; font-weight: normal; line-height: 18px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-style: normal; line-height: 19px;"><i><span class="Apple-style-span" style="color: #444444; font-family: Arial; font-style: normal; line-height: 21px;">More information can be found online at <u style="line-height: 1.5;"><a class="link_website" href="http://www.goldbullionadvisors.com/" name="1368569797" style="color: #444444; font-size: 14px; line-height: 1.5; text-decoration: underline;" target="_blank" title="View more details about "We will see $2,000 gold," predicts Grandich Letter publisher - Wealth Managers">http://www.goldbullionadvisors.com</a></u></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></div>
Anonymoushttp://www.blogger.com/profile/03894635171448477188noreply@blogger.com1tag:blogger.com,1999:blog-590300527945915154.post-89572472405766297542014-04-05T12:53:00.001-07:002014-04-05T12:53:21.098-07:00Gold rebounds to $1,300 as job report misses expectations<span class="Apple-style-span" style="color: #999999; font-family: franklin-gothic-urw-cond, arial, verdana, sans-serif; font-size: 15px; line-height: 21px;"></span><br />
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<span class="Apple-style-span" style="font-family: Helvetica; font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">“The Fed will have to keep interest rates low for a considerable period”</span></span></h3>
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<span class="Apple-style-span" style="font-family: Helvetica; font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">Predictions that a disappointing nonfarm-payrolls report Friday would boost gold came true </span></span><a href="http://www.cnbc.com/id/101553834" style="color: #797f0e; font-weight: bold; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: none;" target="_blank"><span class="Apple-style-span" style="font-family: Helvetica; font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">as the yellow metal rose almost 2% and topped $1,300</span></span></a><span class="Apple-style-span" style="font-family: Helvetica; font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"> after the data were released.</span></span></div>
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<span class="Apple-style-span" style="font-family: Helvetica; font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">Cheerleaders for the stock market and the myth of a robust recovery were expecting a March number of at least 200,000. “CNBC’s Joe Kernan tried to heat up the anticipation even more a minute before the release by exclaiming ‘some of the whispers are expecting a three-handle’ (meaning over 300k jobs),”</span></span><a href="http://investmentresearchdynamics.com/employment-report-insanity/" style="color: #797f0e; font-weight: bold; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: none;" target="_blank"><span class="Apple-style-span" style="font-family: Helvetica; font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">noted financial blogger Dave Kranzler</span></span></a><span class="Apple-style-span" style="font-family: Helvetica; font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">.</span></span></div>
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<span class="Apple-style-span" style="font-family: Helvetica; font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">However, with the number coming in at 192,000, the result was “below market consensus, and that’s supporting gold,” </span></span><a href="http://www.bloomberg.com/news/2014-04-04/gold-poised-for-longest-weekly-slump-since-september-before-data.html" style="color: #797f0e; font-weight: bold; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: none;" target="_blank"><span class="Apple-style-span" style="font-family: Helvetica; font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">Michael Gayed of Pension Partners told Bloomberg</span></span></a><span class="Apple-style-span" style="font-family: Helvetica; font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">. “This is a very crucial number that the Fed looks at.”</span></span></div>
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<span class="Apple-style-span" style="font-family: Helvetica; font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">On the bright side for the economy, both January and February payrolls were revised higher, but the unemployment rate stayed at 6.7%.</span></span></div>
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<span class="Apple-style-span" style="font-family: Helvetica; font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">"The numbers are OK, but they are not the boost that the policymakers had been hoping for, so the Fed will have to keep interest rates low for a considerable period of time, and that's what's been supporting gold," </span></span><a href="http://www.reuters.com/article/2014/04/04/markets-precious-idUSL4N0MW1TK20140404" style="color: #797f0e; font-weight: bold; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: none;" target="_blank"><span class="Apple-style-span" style="font-family: Helvetica; font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">Axel Merk of Merk Funds told Reuters</span></span></a><span class="Apple-style-span" style="font-family: Helvetica; font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">.</span></span></div>
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<span class="Apple-style-span" style="font-family: Helvetica; font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">The question now is how much the unemployment picture can steer the Federal Reserve off its stimulus-tapering course. Earlier this week, Fed chief Janet Yellen </span></span><a href="https://www.blanchardgold.com/investment-news/the-longview/gold-up-6-5-percent-on-quarter-as-fed-chief-fires-ultra-dovish-cannon-shot/" style="color: #797f0e; font-weight: bold; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: none;" target="_blank"><span class="Apple-style-span" style="font-family: Helvetica; font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">delivered a dovish speech</span></span></a><span class="Apple-style-span" style="font-family: Helvetica; font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">, pledging that the bank’s “extraordinary commitment is still needed.” One observer called it “one of the most dovish speeches I have ever read from a Federal Reserve official.”</span></span></div>
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<span class="Apple-style-span" style="font-family: Helvetica; font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">Nonetheless, Jeffrey Wright of H.C. Wainwright doesn’t think the Fed will reverse its tapering policy, </span></span><a href="http://www.marketwatch.com/story/gold-inches-higher-ahead-of-jobs-report-2014-04-04" style="color: #797f0e; font-weight: bold; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: none;" target="_blank"><span class="Apple-style-span" style="font-family: Helvetica; font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">telling MarketWatch</span></span></a><span class="Apple-style-span" style="font-family: Helvetica; font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">: “As far as I can tell, this ship has sailed. [The] FOMC had a chance to restrain [the] taper and chose not to in February and March, with worse data points than an 8,000 miss on jobs. I still expect FOMC to follow through with [its] communicated plan, continue tapering by $10 billion tranches until they are no longer purchasing assets each month.”</span></span></div>
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<span class="Apple-style-span" style="font-family: Helvetica; font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">That could be bad news for the stock market, which was jolted across the three major indexes Friday. </span></span><a href="http://www.cnbc.com/id/101555286" style="color: #797f0e; font-weight: bold; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: none;" target="_blank"><span class="Apple-style-span" style="font-family: Helvetica; font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">The Nasdaq was down 2% on Friday afternoon</span></span></a><span class="Apple-style-span" style="font-family: Helvetica; font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"> for its worst day of the year, and the Dow Jones and the S&P 500 also were in the red.</span></span></div>
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<span class="Apple-style-span" style="font-family: Helvetica; font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">Pessimism over the health of the stock market is growing despite recent intraday highs. </span></span><a href="http://www.zerohedge.com/news/2014-04-04/peak-bubble-20-stocks-are-now-exactly-overvalued-they-was-during-last-bubble-peak" style="color: #797f0e; font-weight: bold; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: none;" target="_blank"><span class="Apple-style-span" style="font-family: Helvetica; font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">Zero Hedge ran a chart from JP Morgan</span></span></a><span class="Apple-style-span" style="font-family: Helvetica; font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"> showing that the S&P 500 is more overvalued than it was in October 2007, before the Black Friday crash, and that </span></span><a href="http://www.zerohedge.com/news/2014-04-04/sp500-hits-daily-records-average-stock-down-65-highs" style="color: #797f0e; font-weight: bold; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: none;" target="_blank"><span class="Apple-style-span" style="font-family: Helvetica; font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">the average S&P stock is 6.5% off its highs</span></span></a><span class="Apple-style-span" style="font-family: Helvetica; font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">. Meanwhile, chatter is growing </span></span><a href="http://blogs.marketwatch.com/thetell/2014/04/02/now-theres-a-1987-chart-to-get-worried-about/" style="color: #797f0e; font-weight: bold; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: none;" target="_blank"><span class="Apple-style-span" style="font-family: Helvetica; font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">about a stock chart showing an eerie parallel</span></span></a><span class="Apple-style-span" style="font-family: Helvetica; font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">between the current five-year-old bull market in the S&P 500 and the one that ended in 1987 with the October crash.</span></span></div>
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<span class="Apple-style-span" style="font-family: Helvetica; font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">Heading into next week, gold investors are waiting to see whether bullion can build on its gains and hold the $1,300 level, either with a boost from further stock weakness or perhaps from simmering geopolitical tensions in Ukraine, the Koreas, and/or the South China Sea, with a retired Chinese general saying that </span></span><a href="http://www.scmp.com/news/china/article/1463201/retired-pla-chief-says-china-capable-defending-itself-against-japan-war" style="color: #797f0e; font-weight: bold; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: none;" target="_blank"><span class="Apple-style-span" style="font-family: Helvetica; font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">war with Japan is becoming increasingly likely</span></span></a><span class="Apple-style-span" style="font-family: Helvetica; font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">.</span></span></div>
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<span class="Apple-style-span" style="font-family: Helvetica; font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="color: #333333; font-family: Verdana, sans-serif; font-size: 13px; line-height: 18px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-style: normal; line-height: 19px;"><i><span class="Apple-style-span" style="color: #444444; font-family: Arial; font-style: normal; line-height: 21px;">More information can be found online at <u style="line-height: 1.5;"><a class="link_website" href="http://www.goldbullionadvisors.com/" name="1368569797" style="color: #444444; font-size: 14px; line-height: 1.5; text-decoration: underline;" target="_blank" title="View more details about "We will see $2,000 gold," predicts Grandich Letter publisher - Wealth Managers">http://www.goldbullionadvisors.com</a></u></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></div>
Anonymoushttp://www.blogger.com/profile/03894635171448477188noreply@blogger.com0tag:blogger.com,1999:blog-590300527945915154.post-82711322266996128502014-03-27T16:29:00.001-07:002014-03-27T16:29:41.333-07:00Singapore mulls physical gold trading at Southeast Asia’s biggest bourse - Wealth Managers<span class="Apple-style-span" style="color: #999999; font-family: franklin-gothic-urw-cond, arial, verdana, sans-serif; font-size: 15px; line-height: 21px;"></span><br />
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And India’s imports to rebound this year, billionaire jeweler says</h3>
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China isn’t the only gold powerhouse in Asia. The biggest up-and-comer is recent years has been Singapore, which has taken a number of steps to bolster its position as a global precious-metals hub.</div>
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It repealed taxes on gold and silver and is home to a so-called “freeport” that warehouses the treasures of the ultra-rich. Numerous major investment banks have flocked there to build storage vaults for metals.</div>
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Now, <a href="http://www.bloomberg.com/news/2014-03-27/sgx-is-said-to-consider-plan-for-physical-gold-trading.html" style="color: #797f0e; font-weight: bold; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: none;" target="_blank">according to Bloomberg</a>, “Singapore Gold Exchange Ltd., Southeast Asia’s biggest bourse operator, is considering starting physical gold trading” in a plan that “would include bullion deliveries into and out of the Southeast Asian country.”</div>
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The news agency speculated that “SGX may join peers in South Korea and China in offering physical bullion trading as Asian demand increases, drawing supplies out of Europe.”</div>
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South Korea just took that step when its Korea Exchange Inc., which had only traded in bullion futures, began offering physical gold to help the government is Seoul <a href="http://www.bloomberg.com/news/2014-03-23/korea-exchange-seeks-cut-of-3-billion-illegal-gold-trade.html" style="color: #797f0e; font-weight: bold; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: none;" target="_blank">“curb as much as $3 billion of black-market transactions.”</a></div>
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Black-market gold also is problem in the word’s No. 2 largest gold-consuming nation, India. Its draconian restrictions on its gold trade, aimed at reducing its trade deficit, have been under fire since their imposition. Now, with the deficit down and smuggling on the rise, speculation is growing that the curbs will be reversed soon.</div>
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That’s the viewpoint of billionaire jeweler T.S. Kalyanaraman, who thinks that “the pickup in shipments from midyear will help overseas purchases over 2014 match the 825 metric tons imported in 2013,” <a href="http://www.bloomberg.com/news/2014-03-27/gold-shipments-into-india-seen-rebounding-by-billionaire-jeweler.html" style="color: #797f0e; font-weight: bold; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: none;" target="_blank">Bloomberg reported</a>.</div>
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“Imports will be slow till June, and then the trend will be the opposite and we will land with the same figures as the previous year,” said his son Ramesh Kalyanaraman.</div>
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The aforementioned news from Singapore, South Korea, and India illustrates the ongoing robust demand for gold in Asia. With that part of the world boasting dynamic economies compared with the West, as well as an increasing number of millionaires, the gold trade will be increasingly dominated by Eastern nations who are absolutely ravenous for the yellow metal.</div>
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<span class="Apple-style-span" style="color: #333333; font-family: Verdana, sans-serif; font-size: 13px; line-height: 18px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-style: normal; line-height: 19px;"><i><span class="Apple-style-span" style="color: #444444; font-family: Arial; font-style: normal; line-height: 21px;">More information can be found online at <u style="line-height: 1.5;"><a class="link_website" href="http://www.goldbullionadvisors.com/" name="1368569797" style="color: #444444; font-size: 14px; line-height: 1.5; text-decoration: underline;" target="_blank" title="View more details about "We will see $2,000 gold," predicts Grandich Letter publisher - Wealth Managers">http://www.goldbullionadvisors.com</a></u></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></div>
Anonymoushttp://www.blogger.com/profile/03894635171448477188noreply@blogger.com0tag:blogger.com,1999:blog-590300527945915154.post-25189295325022813672014-03-26T18:03:00.000-07:002014-03-27T16:15:18.561-07:00Iraq more than doubles gold reserves with a $1.56 billion buy - Wealth Managers<span class="Apple-style-span" style="color: #999999; font-family: franklin-gothic-urw-cond, arial, verdana, sans-serif; font-size: 15px; line-height: 21px;"></span><br />
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Central bank purchases 36 tonnes to stabilize its dinar currency</h3>
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<span class="Apple-style-span" style="font-size: large;"><span class="Apple-style-span" style="font-size: 18px;">Large-scale gold purchases by central banks have gone a long way toward supporting gold’s bull market, and bombshell news from Iraq is signaling that this trend is ongoing.</span></span></div>
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<span class="Apple-style-span" style="font-size: large;"><span class="Apple-style-span" style="font-size: 18px;">“Iraq bought 36 metric tons of gold this month valued at about $1.56 billion in the largest purchase by a nation in three years,” </span></span><a href="http://www.bloomberg.com/news/2014-03-25/iraq-buys-1-56-bln-of-gold-biggest-purchase-in-3-years.html" style="color: #797f0e; font-weight: bold; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: none;" target="_blank"><span class="Apple-style-span" style="font-size: large;"><span class="Apple-style-span" style="font-size: 18px;">Bloomberg reported Tuesday</span></span></a><span class="Apple-style-span" style="font-size: large;"><span class="Apple-style-span" style="font-size: 18px;">. The purchase by its central bank more than doubles the nation’s bullion reserves, which stood at 29.8 tonnes in August, and stands as the largest acquisition since Mexico’s 78.5-tonne buy in 2011.</span></span></div>
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<span class="Apple-style-span" style="font-size: large;"><span class="Apple-style-span" style="font-size: 18px;">Why do central banks hold gold? “Tradition,” former Federal Reserve chief Ben Bernanke infamously </span></span><a href="https://www.youtube.com/watch?v=2Dj9v9s9buk" style="color: #797f0e; font-weight: bold; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: none;" target="_blank"><span class="Apple-style-span" style="font-size: large;"><span class="Apple-style-span" style="font-size: 18px;">told then-Rep. Ron Paul during 2011 congressional testimony</span></span></a><span class="Apple-style-span" style="font-size: large;"><span class="Apple-style-span" style="font-size: 18px;">. But it’s more than that. The Iraqi bank said it was diversifying into gold to stabilize its dinar currency.</span></span></div>
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<span class="Apple-style-span" style="font-size: large;"><span class="Apple-style-span" style="font-size: 18px;">Gold’s also been useful as a crisis hedge. “Central banks had been net sellers of gold until the financial crisis that followed the collapse of Lehman Brothers, which boosted bullion’s appeal as a reserve asset and hedge against currency market volatility,” </span></span><a href="http://www.reuters.com/article/2014/03/25/gold-iraq-central-bank-idUSL5N0MM33920140325" style="color: #797f0e; font-weight: bold; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: none;" target="_blank"><span class="Apple-style-span" style="font-size: large;"><span class="Apple-style-span" style="font-size: 18px;">Reuters noted</span></span></a><span class="Apple-style-span" style="font-size: large;"><span class="Apple-style-span" style="font-size: 18px;">.</span></span></div>
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<span class="Apple-style-span" style="font-size: large;"><span class="Apple-style-span" style="font-size: 18px;">Central-bank gold purchases peaked at 544 tonnes in 2012, but the World Gold Council thinks countries will continue buying amounts in the “hundreds” of tonnes. It might only take another crisis to goad central banks back into buying at record levels.</span></span></div>
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<span class="Apple-style-span" style="font-size: large;"><span class="Apple-style-span" style="font-size: 18px;">In the meantime, even if they’re not buying new gold, neither are they selling what they’ve already acquired. Iraq has no plans to sell metal, said the director general of investments at its central bank in January.</span></span></div>
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<span class="Apple-style-span" style="font-size: large;"><span class="Apple-style-span" style="font-size: 18px;">The Wall Street Journal </span></span><a href="http://online.wsj.com/news/articles/SB10001424052702303802104579450703411402942?mg=reno64-wsj&url=http%3A%2F%2Fonline.wsj.com%2Farticle%2FSB10001424052702303802104579450703411402942.html" style="color: #797f0e; font-weight: bold; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: none;" target="_blank"><span class="Apple-style-span" style="font-size: large;"><span class="Apple-style-span" style="font-size: 18px;">confirmed the trend in a recent article</span></span></a><span class="Apple-style-span" style="font-size: large;"><span class="Apple-style-span" style="font-size: 18px;">, reporting that “over the past five years central bank gold sales have decreased significantly. Instead, central banks around the globe have increased their holdings in the aftermath of the financial crisis.”</span></span></div>
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<span class="Apple-style-span" style="font-size: large;"><span class="Apple-style-span" style="font-size: 18px;">“We’re not selling any gold,” Deutsche Bundesbank board member Carl-Ludwig Thiele told the paper.</span></span></div>
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<span class="Apple-style-span" style="font-size: large;"><span class="Apple-style-span" style="font-size: 18px;">Given the geopolitical and economic uncertainties that remain in the world, investors should do likewise and maintain a position in gold, and if they lack one, consider establishing a foothold in the yellow metal by dollar-cost-averaging or buying the dips. Be your own private central bank.</span></span><br />
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<span class="Apple-style-span" style="font-size: large;"><span class="Apple-style-span" style="font-size: 18px;"><span class="Apple-style-span" style="color: #333333; font-family: Verdana, sans-serif; font-size: 13px; line-height: 18px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-style: normal; line-height: 19px;"><i><span class="Apple-style-span" style="color: #444444; font-family: Arial; font-style: normal; line-height: 21px;">More information can be found online at <u style="line-height: 1.5;"><a class="link_website" href="http://www.goldbullionadvisors.com/" name="1368569797" style="color: #444444; font-size: 14px; line-height: 1.5; text-decoration: underline;" target="_blank" title="View more details about "We will see $2,000 gold," predicts Grandich Letter publisher - Wealth Managers">http://www.goldbullionadvisors.com</a></u></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></div>
Anonymoushttp://www.blogger.com/profile/03894635171448477188noreply@blogger.com0tag:blogger.com,1999:blog-590300527945915154.post-41177300813512775362014-02-27T13:27:00.002-08:002014-02-27T13:27:37.584-08:00Gold Hits Fresh 4-month High Before Profit-Taking Dip - Wealth Managers<span class="Apple-style-span" style="color: #666666; font-family: franklin-gothic-urw-cond, arial, verdana, sans-serif; font-size: 15px; line-height: 21px;"></span><br />
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Strong New-Home Sales Data Take Steam Off Bullion’s Run</h3>
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Gold hit a fresh four-month high above $1,345 <a href="http://www.cnbc.com/id/101446223" style="color: #797f0e; font-weight: bold; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: none;" target="_blank">before pulling back on profit taking Wednesday</a>, but the roughly 1% dip followed a four-session winning streak.</div>
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The metal lost steam as the dollar strengthened <a href="http://www.bloomberg.com/news/2014-02-26/sales-of-new-homes-in-u-s-unexpectedly-climb-to-five-year-high.html" style="color: #797f0e; font-weight: bold; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: none;" target="_blank">after a strong report on new-home sales</a> showing that purchases climbed in January to the highest level in more than five years.</div>
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“This correction is long overdue,” Phil Streible of RJ O’Brien said of gold, though given the rash of bad housing data recently, he might as well have been talking about the new-home sales report. Real estate has needed some good news lately, in contrast to gold, which is up about 10% on the year and trading above its 200-day moving average.</div>
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“The dollar is keeping gold down today,” <a href="http://www.bloomberg.com/news/2014-02-26/gold-holds-near-4-month-high-as-u-s-data-weighed-against-demand.html" style="color: #797f0e; font-weight: bold; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: none;" target="_blank">Bill O’Neill of Logic Advisors told Bloomberg</a>. “Also, physical demand is showing signs of slowdown.”</div>
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However, <a href="http://online.wsj.com/article/BT-CO-20140226-708626.html" style="color: #797f0e; font-weight: bold; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: none;" target="_blank">the crisis in the Ukraine continues to support gold</a>, with <a href="http://www.zerohedge.com/news/2014-02-26/putin-launches-military-drill-western-central-russia-ruble-drops-lowest-2009" style="color: #797f0e; font-weight: bold; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: none;" target="_blank">signs of the Russian military flexing its muscles</a> in the region and questions over whether the nation can avoid a sovereign default.</div>
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Uncertainty is running so high that bank runs have swept the Ukraine. “Ukraine is weighing measures to stem cash withdrawals after as much as 7% of deposits were taken from banks during last week’s bloody uprising, underscoring the need for action to fend off a default,” <a href="http://www.bloomberg.com/news/2014-02-25/ukraine-central-bank-seeks-to-halt-deposit-outflow-after-7-drop.html" style="color: #797f0e; font-weight: bold; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: none;" target="_blank">Bloomberg reported</a>. “Withdrawals peaked with as much as 30 billion hryvnias ($3.1 billion) Feb. 18-20.”</div>
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“A default could have a destabilizing impact,” <a href="http://www.ft.com/intl/cms/s/0/e5b15b1a-998d-11e3-91cd-00144feab7de.html#axzz2uSJKQ1la" style="color: #797f0e; font-weight: bold; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: none;" target="_blank">Koon Chow of Barclays Capital told the Financial Times</a>. Ukraine could only be a trigger for a return of gloom to emerging markets — but with emerging markets still fragile after the last month’s sell-off, and political crises deepening from Venezuela to Thailand, “we didn’t need much.”</div>
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Even more disconcerting is that the situation could erupt into an even larger crisis: “a massive tug of war between the East and the West,” <a href="http://theeconomiccollapseblog.com/archives/what-is-happening-in-ukraine-is-far-more-important-than-most-people-realize" style="color: #797f0e; font-weight: bold; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: none;" target="_blank">according to the Economic Collapse blog</a>. “The violence in Ukraine is planting the seeds for a potentially much larger conflict down the road. The days of ‘friendly relations’ between the United States and Russia are now gone. Russia is absolutely furious that the U.S. has fueled a violent revolution on its own border, and it is something that Russian officials will not forget for a very long time. In return, U.S. officials are taking an increasingly harsh stance toward Russia. In the end, the seeds that are being planted right now could ultimately blossom into a full-blown conflict between the superpowers in the years to come.”</div>
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For now, though, attention is shifting (in the U.S., anyway) to Federal Reserve chief <a href="http://www.cnbc.com/id/101449016" style="color: #797f0e; font-weight: bold; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: none;" target="_blank">Janet Yellen’s testimony Thursday before the Senate Banking Committee</a>. “The key focus on Thursday will be any and all comments around forward guidance,” Deutsche Bank economist Carl Riccadonna said.</div>
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And BK Asset Managements strategist Kathy Lien is looking for clues about the Fed’s stimulus tapering. “There is a lot of discussion in markets about whether the Fed is wise to continue the course of tapering, because we don’t know whether there’s an underlying slowdown after all this disappointing data,” Lien said. “If she downplays weather distortions (and their effect on recent poor economic reports), and reinforces the plan to stick to tapering, it’ll still lift the greenback.”</div>
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<span class="Apple-style-span" style="color: #333333; font-family: Verdana, sans-serif; font-size: 13px; line-height: 18px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-style: normal; line-height: 19px;"><i><span class="Apple-style-span" style="color: #444444; font-family: Arial; font-style: normal; line-height: 21px;">More information can be found online at <u style="line-height: 1.5;"><a class="link_website" href="http://www.goldbullionadvisors.com/" name="1368569797" style="color: #444444; font-size: 14px; line-height: 1.5; text-decoration: underline;" target="_blank" title="View more details about "We will see $2,000 gold," predicts Grandich Letter publisher - Wealth Managers">http://www.goldbullionadvisors.com</a></u></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></div>
Anonymoushttp://www.blogger.com/profile/03894635171448477188noreply@blogger.com0tag:blogger.com,1999:blog-590300527945915154.post-69121428019821601062014-02-20T11:17:00.002-08:002014-02-20T11:17:34.039-08:00Massive Gold Trades Show Someone Is “Betting Big on Gold” - Wealth Managers<span class="Apple-style-span" style="color: #666666; font-family: franklin-gothic-urw-cond, arial, verdana, sans-serif; font-size: 15px; line-height: 21px;"></span><br />
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Does “An Institutional Player with Seriously Deep Pockets” See $1,400 this Year?</h3>
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Gold’s <a href="http://www.cnbc.com/id/101425820" style="color: #797f0e; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: none;" target="_blank">first loss in 10 trading sessions occurred Wednesday</a> in the wake of the newly released minutes of the Federal Reserve’s January meeting, which showed the central bank still on a stimulus-tapering course.</div>
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Nonetheless, the yellow metal was trading above its recently reclaimed 200-day moving average, a key technical indicator, and well above $1,300.</div>
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Although the Fed indicated that tapering would continue, it clearly plans to keep interest rates near record lows for some time to come, and that’s the perfect environment for gold.</div>
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“Gold will continue to find support from the easy-money policy,” Michael Gayed of Pension Partners <a href="http://www.bloomberg.com/news/2014-02-19/gold-extends-drop-from-three-month-high-as-silver-snaps-rally.html" style="color: #797f0e; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: none;" target="_blank">told Bloomberg</a>.</div>
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Gold is “battling with the complexity of faltering U.S. economic data against the backdrop of a continued Federal Reserve taper,” <a href="http://www.marketwatch.com/story/gold-pulls-back-ahead-of-fed-minutes-2014-02-19" style="color: #797f0e; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: none;" target="_blank">said Jonathan Citrin of CitrinGroup</a>. “So far this year, gold has rallied as growth has fallen off the expected pace. … The precious metal has shaken off much of its ubiquitous pessimism from 2013 — trading this year anew with more normality in relation to growth and inflation fears.”</div>
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One sign that pessimism over gold is fading came <a href="http://www.cnbc.com/id/101425705" style="color: #797f0e; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: none;" target="_blank">in a report from CNBC on Tuesday</a> suggesting that the smart money is getting back into bullion, at least on the ETF side.</div>
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“Options traders are betting big on gold,” it reported. “Three massive trades in the gold ETF executed over the past three weeks imply a belief that gold will rise by 5 to 7 percent by the end of the year.”</div>
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The details of the ETF moves “seem to indicate that the trades are being made by an institutional player with seriously deep pockets.”</div>
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“Either they're getting out of stock, or they think gold is going significantly higher,” said Brian Stutland of the Stutland Volatility Group. “But they would have to be thinking that gold’s going to $1,400 sometime soon.”</div>
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Whether gold will return to $1,400 this year remains to be seen, but with the price up about 10% so far in 2014, the prospects definitely seem brighter, with bullion’s technicals recovering and aligning with the metal’s undeniably strong long-term fundamentals.</div>
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<span class="Apple-style-span" style="color: #333333; font-family: Verdana, sans-serif; font-size: 13px; line-height: 18px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-style: normal; line-height: 19px;"><i><span class="Apple-style-span" style="color: #444444; font-family: Arial; font-style: normal; line-height: 21px;">More information can be found online at <u style="line-height: 1.5;"><a class="link_website" href="http://www.goldbullionadvisors.com/" name="1368569797" style="color: #444444; font-size: 14px; line-height: 1.5; text-decoration: underline;" target="_blank" title="View more details about "We will see $2,000 gold," predicts Grandich Letter publisher - Wealth Managers">http://www.goldbullionadvisors.com</a></u></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></div>
Anonymoushttp://www.blogger.com/profile/03894635171448477188noreply@blogger.com0tag:blogger.com,1999:blog-590300527945915154.post-34231037262135583732014-02-14T15:24:00.002-08:002014-02-14T15:24:42.067-08:00 Gold Hits $1,320, “Taking Out One Key Resistance Level After the Other” - Wealth Managers<span class="Apple-style-span" style="color: #666666; font-family: franklin-gothic-urw-cond, arial, verdana, sans-serif; font-size: 15px; line-height: 21px;"></span><br />
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Bullion Reclaims 200-Day Moving Average as ETF Inflows Gain Steam</h3>
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<a href="https://www.blanchardgold.com/bullion/gold/" style="color: #797f0e; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: none;" target="_blank" title="Gold">Gold</a> didn’t rest long after taking out the psychologically key $1,300 level on Thursday. Early Friday the momentum continued as bullion roared past $1,320.</div>
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Gold has now steamrolled over two major technical levels: its 100-day moving average of $1,270, and now its 200-day moving average around $1,306.</div>
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“Gold continues to trade extremely well and it is basically taking out one key resistance level after the other,” <a href="http://www.reuters.com/article/2014/02/14/markets-precious-idUSL3N0LJ39W20140214" style="color: #797f0e; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: none;" target="_blank">BofA Merrill Lynch analyst Michael Widmer said</a>. The metal has finished the week up about 4% and in a price range unseen since early November.</div>
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A major reason for this resurgence has been positive inflows into gold ETFs. “The world’s largest gold-backed exchange-traded fund saw a spike in holdings of the metal this week,” <a href="http://blogs.marketwatch.com/thetell/2014/02/14/spdr-gold-fund-holdings-rise-to-a-more-than-7-week-high/" style="color: #797f0e; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: none;" target="_blank">MarketWatch reported</a>, hitting “its highest total level since Dec. 20.”</div>
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<a href="https://www.blanchardgold.com/bullion/silver/" style="color: #797f0e; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: none;" target="_blank" title="Silver">Silver</a>’s performance was even stronger than gold’s, with the white metal finishing the week up about 7.5%, at $21.42 — its highest price since early November.</div>
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“Silver has caught up with gold after it finally managed to break the key $20.20 mark on Friday,” <a href="http://www.marketwatch.com/story/gold-tops-1300-to-hit-highest-level-since-nov-2014-02-14" style="color: #797f0e; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: none;" target="_blank">said Fawad Razaqzada at FOREX.com</a>.</div>
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A succession of poor economic data also has boosted precious metals by pressuring the Federal Reserve to reconsider the pace of its stimulus-tapering program. On Thursday it was revealed that January retail sales plunged, while initial weekly jobless claims also rose. And on Friday, another report showed that factory production <a href="http://www.bloomberg.com/news/2014-02-14/factory-production-in-u-s-fell-in-january-by-most-since-2009.html" style="color: #797f0e; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: none;" target="_blank">fell in January by the most since May 2009</a>.</div>
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“Gold bulls are taking advantage of (Federal Reserve chief Janet) Yellen’s comment that the taper is not on a fixed path,” <a href="http://www.marketwatch.com/story/gold-trims-losses-as-retail-sales-fall-2014-02-13" style="color: #797f0e; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: none;" target="_blank">said Jason Rotman</a>, president of Lido Isle Advisors.</div>
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“The deterioration in the job market is becoming increasingly evident,” <a href="http://www.bloomberg.com/news/2014-02-13/gold-falls-in-london-after-gains-seen-encouraging-metal-sales.html" style="color: #797f0e; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: none;" target="_blank">said Jeff Sica of Sica Wealth Management</a>. “People are realizing that the economy still needs stimulus to grow, and that is keeping gold supported. Yellen sounded dovish. Today’s key economic numbers makes it clear that all is not well.”</div>
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“The economic data today helped reaffirm the idea that the Fed is tapering too fast,” said Dan Denbow of the USAA Precious Metals & Minerals Fund. “There is a shift in sentiment, which is helping prices move up. The emerging-market situation and physical demand continues to remain supportive.”</div>
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Heading into next week, the next target for gold is the $1,350-60 level. “We said once it moves past the 200-day moving average, we would easily see $1,324, and moving toward $1,361. There are certainly technical factors behind these moves,” <a href="http://www.cnbc.com/id/101418117" style="color: #797f0e; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: none;" target="_blank">said Bart Melek at TD Securities</a>. And RBC Capital George Gero is calling for $1,350. “I think the bears are temporarily hibernating,” he said. “You’ve got momentum traders in here. Over $1300, they come in.”</div>
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<span class="Apple-style-span" style="color: #333333; font-family: Verdana, sans-serif; font-size: 13px; line-height: 18px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-style: normal; line-height: 19px;"><i><span class="Apple-style-span" style="color: #444444; font-family: Arial; font-style: normal; line-height: 21px;">More information can be found online at <u style="line-height: 1.5;"><a class="link_website" href="http://www.goldbullionadvisors.com/" name="1368569797" style="color: #444444; font-size: 14px; line-height: 1.5; text-decoration: underline;" target="_blank" title="View more details about "We will see $2,000 gold," predicts Grandich Letter publisher - Wealth Managers">http://www.goldbullionadvisors.com</a></u></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></div>
Anonymoushttp://www.blogger.com/profile/03894635171448477188noreply@blogger.com0tag:blogger.com,1999:blog-590300527945915154.post-1342658399826781192014-02-12T12:17:00.002-08:002014-02-12T12:17:42.258-08:00Gold Targets $1,300 as Yellen Vows Unrelenting Easy Money - Wealth Managers<span class="Apple-style-span" style="color: #666666; font-family: franklin-gothic-urw-cond, arial, verdana, sans-serif; font-size: 15px; line-height: 21px;"></span><br />
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“There Will Be No Tightening Any Time Soon,” Notes One Analyst</h3>
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Gold surged higher by more than 1% on Tuesday, <a href="http://www.cnbc.com/id/101407951" style="color: #797f0e; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: none;" target="_blank">running up almost to $1,295</a>, as new Federal Reserve chief Janet Yellen delivered her first official testimony to Congress since taking the reins from Ben Bernanke.</div>
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Continuing Monday’s momentum, gold enjoyed its biggest one-day gain in three weeks and hit its highest price since Nov. 14. Silver also rose by about 1% to $20.21.</div>
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Yellen’s message? She is staying the course. Though tapering of the Fed’s massive bond-buying stimulus program known as quantitative easing will continue, <a href="http://www.marketwatch.com/story/yellen-stresses-continued-low-rate-policy-2014-02-11-9103010" style="color: #797f0e; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: none;" target="_blank">she plans to keep benchmark short-term interest rates at zero</a> “well past” the time the jobless rate falls below 6.5%. That’s what gold investors wanted to hear, since the metal thrives in low-rate environments.</div>
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“Let me emphasize that I expect a great deal of continuity in the Federal Open Market Committee’s approach to monetary policy,” Yellen told the House Financial Services Committee, referring to the Fed’s policy board (the FOMC). And like Bernanke, she also emphasized that tapering is very much data-dependent and not on a “preset course.”</div>
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“The overall tone of Yellen’s comment is a carbon copy of the Fed’s existing policy under Bernanke, so the market is relieved that there will be no tightening any time soon,” said Bill O’Neill of LOGIC Advisors.</div>
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“Yellen’s comments have been right down the middle of the road,” <a href="http://www.marketwatch.com/story/gold-win-streak-pushes-toward-fifth-session-2014-02-11" style="color: #797f0e; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: none;" target="_blank">added Gold Newsletter publisher Brien Lundin</a>. “All the gold market needed was an absence of damaging remarks from Yellen, as the price continued to strengthen as she talked. This indicates that underlying bullish posture for gold is strong.”</div>
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Yellen also dismissed concerns about a bubble in the stock market, which also posted a strong Tuesday performance based on her remarks, as well as the emerging-market currency crisis.</div>
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“Our ability to detect bubbles is not perfect, but looking at a range of traditional valuation measures doesn’t suggest that asset prices broadly speaking are in bubble territory,” <a href="http://www.bloomberg.com/news/2014-02-11/yellen-says-recovery-in-u-s-labor-market-is-far-from-complete-.html" style="color: #797f0e; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: none;" target="_blank">she said in response to a question</a>. As for emerging markets, she noted: “Our sense is that at this stage these developments do not pose a substantial risk to the U.S. economic outlook.”</div>
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However, investors shouldn’t take solace in Yellen’s benign view of U.S. equities and the global economic backdrop. One need only reflect on her predecessor Bernanke’s <a href="http://mises.org/daily/3588" style="color: #797f0e; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: none;" target="_blank">assessment of the U.S. housing market in 2005</a>:</div>
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“Unquestionably, housing prices are up quite a bit,” he said. “I think it’s important to note that fundamentals are also very strong. We’ve got a growing economy, jobs, incomes. We’ve got very low mortgage rates. We’ve got demographics supporting housing growth. We’ve got restricted supply in some places. So it’s certainly understandable that prices would go up some. I don’t know whether prices are exactly where they should be, but I think it’s fair to say that much of what’s happened is supported by the strength of the economy. … We’ve never had a decline in house prices on a nationwide basis. So what I think is more likely is that house prices will slow, maybe stabilize: might slow consumption spending a bit. I don’t think it’s going to drive the economy too far from its full employment path, though.”</div>
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When it comes to the emerging-markets crisis, we could well be in the eye of the storm. Meanwhile, many market watchers are noting <a href="http://www.marketwatch.com/story/scary-1929-market-chart-gains-traction-2014-02-11" style="color: #797f0e; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: none;" target="_blank">a disturbing similarity between the Dow Jones’ performance now and in 1929</a>. Given the fallibility of the Fed so many times before, the safest course of action remains portfolio diversification.</div>
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<span class="Apple-style-span" style="color: #333333; font-family: Verdana, sans-serif; font-size: 13px; line-height: 18px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-style: normal; line-height: 19px;"><i><span class="Apple-style-span" style="color: #444444; font-family: Arial; font-style: normal; line-height: 21px;">More information can be found online at <u style="line-height: 1.5;"><a class="link_website" href="http://www.goldbullionadvisors.com/" name="1368569797" style="color: #444444; font-size: 14px; line-height: 1.5; text-decoration: underline;" target="_blank" title="View more details about "We will see $2,000 gold," predicts Grandich Letter publisher - Wealth Managers">http://www.goldbullionadvisors.com</a></u></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></div>
Anonymoushttp://www.blogger.com/profile/03894635171448477188noreply@blogger.com0tag:blogger.com,1999:blog-590300527945915154.post-1194251679251159152014-02-11T11:53:00.001-08:002014-02-11T11:53:11.093-08:00Gold’s One-Two Punch from China Reaffirmed - Wealth Managers<span class="Apple-style-span" style="color: #666666; font-family: franklin-gothic-urw-cond, arial, verdana, sans-serif; font-size: 15px; line-height: 21px;"></span><br />
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Asian Nation Reports Both Record Mining Output and Metal Consumption</h3>
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It should come as no surprise, given the constant reports streaming out of Asia, but China once again confirmed its No. 1 standing as both the world’s top gold miner and the biggest consumer of the yellow metal.</div>
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“China’s output and consumption of gold rose to record levels last year, entrenching the country’s position as the world’s largest producer and an opportunistic buyer of bargain-price commodities,” <a href="http://online.wsj.com/news/articles/SB10001424052702303650204579374111722233566" style="color: #797f0e; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: none;" target="_blank">The Wall Street Journal reported</a>.</div>
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“Chinese consumers bought 1,176.4 metric tons of gold in 2013, a 41% rise from a year earlier, the China Gold Association said in a statement Monday. It is the first time Chinese consumption has crossed 1,000 tons.”</div>
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On the mining front: “China also notched a record for gold output in 2013, with production increasing 6.2% from 2012 to 428.16 tons, the association said. China has been the world’s largest gold producer for the past seven years.”</div>
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Jewelry remains the biggest source of demand, hitting more than 716 tons in a 43% year-over-year increase. Purchases of gold bars increased by more than 375 tons for a 57% gain.</div>
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“This was a large magnitude of increase for gold bars, and it might show the Chinese people’s strong desire for gold as an investment,” noted Hu Yanyan of Everbright Futures. …</div>
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“The surge in Chinese gold consumption has helped to limit price declines,” Shanghai Leading Investment Management Co.’s <a href="http://www.bloomberg.com/news/2014-02-10/gold-demand-in-china-seen-at-record-as-bear-market-spurs-sales.html" style="color: #797f0e; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: none;" target="_blank">Duan Shihua told Bloomberg</a>. “If Chinese demand is sustained, it will be a long-term bullish factor.”</div>
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Capital Futures analyst Liu Xu added: “As the domestic market offers little alternative choices — the equity market underperformed while the government discouraged investments in the real-estate sector — more of the growing wealth is looking to gold as a means to store value.”</div>
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Much of this gold has to come from somewhere, and as <a href="https://www.blanchardgold.com/investment-news/the-longview/gold-demand-from-china-insatiable-as-western-firms-scramble-to-serve-buyers/" style="color: #797f0e; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: none;" target="_blank">has been previously documented</a>, much of it has flowed out of Western gold exchange-traded funds and into Swiss refineries, where it has been melted down to 99% purity and shipped to China. A potential supply bottleneck could come when and if Western investors turn away from stocks. “Keep an eye on the ‘gold holdings’ of the GLD and other U.S. paper gold ETFs, whose drop in holdings for now has offset Chinese accumulation on the margin,” <a href="http://www.zerohedge.com/news/2014-02-10/china-surpasses-india-biggest-buyer-gold-following-record-2013-imports-consumption" style="color: #797f0e; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: none;" target="_blank">Zero Hedge noted</a>. “Once GLD gold holdings solidly resume their climb higher, that will be the key upward gold price inflection point.”</div>
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Another key issue that gold investors should be watching is China’s official gold holdings, which don’t factor into the latest statistics. Its official reserves reportedly stand at 1,054 metric tons, but here’s the rub: “China last announced a rise in its gold reserves in April 2009 and has not revised the figure since, though there had been recent market speculation that the bank had been accumulating gold reserves and would announce a new figure,” <a href="http://www.reuters.com/article/2014/02/10/china-gold-idUSL3N0LF1EB20140210" style="color: #797f0e; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: none;" target="_blank">Reuters reported</a>.</div>
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With all the moves China has been making to increase its role in the global gold market, not to mention internationalize its currency, no one really believes that Beijing’s reserves have been static since 2009. Analysts such as Jim Rickards say China’s next update on its holdings — which he projects could run as high as 5,000 tons — will be a metaphorical shot heard ’round the world, thereby forcing many investors into bullion who hitherto have stayed away from it.</div>
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Nonetheless, South China Morning Post writer Tom Holland <a href="http://www.scmp.com/business/article/1425591/conspiracy-theories-abound-about-chinas-gold-purchases" style="color: #797f0e; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: none;" target="_blank">dismisses that notion as fantasy</a>. “China’s huge appetite for gold has inspired dozens of conspiracy theories. They are all nonsense,” he wrote. He argues that China simply doesn’t have anywhere near enough gold to provide a backing for the yuan.</div>
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<a href="http://goldsilverworlds.com/price/jim-rickards-target-gold-price-between-7000-and-9000-per-oz/" style="color: #797f0e; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: none;" target="_blank">Rickards’ response</a>? “People say there is not enough gold in the world. The answer is there is always enough gold in the world. It’s just a question of the price. Now, at $1,300 an ounce, there is not enough gold to support world trade and finance. But at $10,000 per ounce, there is enough gold. It’s not about gold, it’s about the price.”</div>
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Holland, perhaps naively, concludes: “Far from plotting to corner gold markets and take over the world’s monetary system, it looks as if China may be doing nothing more than maintaining a constant allocation to the stuff.”</div>
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Yes, Mr. Holland, and if you believe that, we hear there’s a Great Wall in China you might be interested in buying.</div>
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<span class="Apple-style-span" style="color: #333333; font-family: Verdana, sans-serif; font-size: 13px; line-height: 18px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-style: normal; line-height: 19px;"><i><span class="Apple-style-span" style="color: #444444; font-family: Arial; font-style: normal; line-height: 21px;">More information can be found online at <u style="line-height: 1.5;"><a class="link_website" href="http://www.goldbullionadvisors.com/" name="1368569797" style="color: #444444; font-size: 14px; line-height: 1.5; text-decoration: underline;" target="_blank" title="View more details about "We will see $2,000 gold," predicts Grandich Letter publisher - Wealth Managers">http://www.goldbullionadvisors.com</a></u></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></div>
Anonymoushttp://www.blogger.com/profile/03894635171448477188noreply@blogger.com0tag:blogger.com,1999:blog-590300527945915154.post-37047518827223808712014-02-05T14:32:00.002-08:002014-02-05T14:32:38.018-08:00Gold Rips Past $1,270 Before Retreating on Solid ISM Report - Wealth Managers<span class="Apple-style-span" style="color: #666666; font-family: franklin-gothic-urw-cond, arial, verdana, sans-serif; font-size: 15px; line-height: 21px;"></span><br />
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<span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="color: #666666; font-family: franklin-gothic-urw-cond, arial, verdana, sans-serif; font-size: 15px; font-weight: normal; line-height: 21px;"><h3 style="color: #595959; font-family: franklin-gothic-urw-comp, arial, verdana, sans-serif; font-size: 18px; font-weight: bold; line-height: 20px; margin-bottom: 7px; margin-left: 0px; margin-right: 0px; margin-top: 10px;">
But Poor ADP Number Could Be Precursor to January Jobs Bust</h3>
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In a seesaw day of trading, gold zoomed above $1,270 on a mediocre jobs report, then lost ground after more positive data on the U.S. services sector. Still, <a href="http://www.cnbc.com/id/101390222" style="color: #797f0e; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: none;" target="_blank">bullion ended higher Wednesday</a> as the market awaits Friday’s crucial nonfarm-payrolls report from the Bureau of Labor Statistics, the result of which could greatly influence the Federal Reserve’s stimulus policy — and therefore gold and stocks.</div>
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Automatic Data Processing’s private-sector jobs report for January, seen as a precursor to Friday’s payrolls number, fells short of expectations, while December’s ADP report also was downgraded.</div>
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“A lower ADP employment number immediately translated into a fall in the dollar and a spike in gold,” said Bernard Sin, an MKS SA senior vice president.</div>
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However, the push to $1,273 lost steam after a somewhat-contradictory Markit report found that growth in the U.S. services sector hit a four-month high in January and hiring remained robust.</div>
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Fed under pressure to taper “taper”</h4>
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“The ADP number puts a lot of pressure on the official U.S. employment number,” <a href="http://www.cnbc.com/id/101390222" style="color: #797f0e; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: none;" target="_blank">said Jeffrey Wright of H.C. Wainwright</a>. “If this data point does not meet expectations, there is speculation the FOMC could examine the rate of ‘tapering’ or delay the next step down of $10 billion” to the Federal Reserve’s bond-buying program. “Any delay or reduced impact of tapering would be a positive for gold in the coming weeks.”</div>
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“It certainly feels as though the markets believe this is foreshadowing a disappointing payrolls number on Friday,” <a href="http://online.wsj.com/news/articles/SB10001424052702303496804579364593588758238" style="color: #797f0e; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: none;" target="_blank">TD Securities said in a note to clients</a>.</div>
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Gold up, stocks down in 2014</h4>
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Stocks, meanwhile, <a href="http://www.marketwatch.com/story/us-stocks-end-choppy-session-lower-2014-02-05" style="color: #797f0e; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: none;" target="_blank">finished in the red again</a>, and the weakness there continues to support gold. “Any significant drop in equities could trigger renewed gold purchases. This is gold’s best chance for a near-term rally,” said HSBC’s James Steel.</div>
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<a href="http://www.hardassetsinvestor.com/weekly-commodity-reports/precious-metals-monitor/5577-stock-correction-bullish-for-gold-upside-breakout-looms.html" style="color: #797f0e; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: none;" target="_blank">Sumit Roy of Hard Assets Investor agreed</a>, writing: “By now, the inverse correlation between gold and stocks is well established. It’s no coincidence that in 2013, gold fell by 29% while the S&P 500 rose by 29%. Since the start of this year, we’ve seen those trends reverse, as gold is up 4% year-to-date while the S&P 500 is down by more than 5%. … 2014 is shaping up to be a much more challenging environment for equities, which will lend support to gold. In our view, the $1,275 resistance level will eventually give way and prices will make a run for $1,400 later this year.”</div>
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Gold going “straight up like a moonshot”?</h4>
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Euro Pacific Capital Peter Schiff is even more bullish. “At some point, gold’s going to go straight up like a moonshot,” <a href="http://www.cnbc.com/id/101390063" style="color: #797f0e; outline-color: initial; outline-style: initial; outline-width: 0px; text-decoration: none;" target="_blank">Schiff told CNBC</a>. “Maybe it’s going to take Janet Yellen to come out and call off the taper. Or maybe she’s going to have to say, ‘We’re doing more of it, we’re going to start increasing it.’ I don’t know what that magic moment is going to be.”</div>
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Overall, though, Schiff sees Yellen as “an even bigger money printer than Ben Bernanke, who was an even bigger money printer than Alan Greenspan.” The eventual result will be massive inflation. “This is what’s coming,” he predicted. “And when everybody figures it out, there’s only one place to hide — and that’s gold.”</div>
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<span class="Apple-style-span" style="color: #333333; font-family: Verdana, sans-serif; font-size: 13px; line-height: 18px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-style: normal; line-height: 19px;"><i><span class="Apple-style-span" style="color: #444444; font-family: Arial; font-style: normal; line-height: 21px;">More information can be found online at <u style="line-height: 1.5;"><a class="link_website" href="http://www.goldbullionadvisors.com/" name="1368569797" style="color: #444444; font-size: 14px; line-height: 1.5; text-decoration: underline;" target="_blank" title="View more details about "We will see $2,000 gold," predicts Grandich Letter publisher - Wealth Managers">http://www.goldbullionadvisors.com</a></u></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></div>
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Anonymoushttp://www.blogger.com/profile/03894635171448477188noreply@blogger.com0tag:blogger.com,1999:blog-590300527945915154.post-57869565060147806982014-01-31T16:20:00.002-08:002014-01-31T16:20:54.101-08:00Gold up 3.5% this month: Will the "January effect" spoil the stock party in 2014? - Wealth Managers<span class="Apple-style-span" style="color: #333333; font-family: Verdana, sans-serif; font-size: 11px;"></span><br />
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<span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">"There is a serious money flow from the equity market towards gold"</span></span></h3>
<span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">Even though </span></span><a href="http://www.blanchardonline.com/" style="color: #000033;" target="_blank" title="gold"><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">gold</span></span></a><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"> fell 2% on the week after five straight weeks of gains, the yellow metal has finished January 2014</span></span><a href="http://www.reuters.com/article/2014/01/31/markets-precious-idUSL3N0L539Z20140131" style="color: #000033;" target="_blank" title="up about 3.5%"><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">up about 3.5%</span></span></a><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"> for its first monthly rise in five. <br /><br />The metal pared earlier losses to settle near $1,246 late Friday, buoyed by the emerging-market currency crisis and the ongoing decline in the U.S. stock market. </span></span><a href="http://www.blanchardonline.com/blanchard_products/bullion_silver_american_eagle.php" style="color: #000033;" target="_blank" title="Silver"><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">Silver</span></span></a><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">, meanwhile, shed about 3.5% on the week to close near $19.17.<br /><br />"There is a serious money flow from the equity market towards gold, and we think that this could continue for the next couple of weeks," </span></span><a href="http://www.marketwatch.com/story/gold-pushes-higher-as-global-stocks-fall-2014-01-31" style="color: #000033;" target="_blank" title="said"><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">said</span></span></a><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"> </span></span><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">Naeem Aslam</span></span></b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">, chief market analyst at </span></span><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">AvaTrade</span></span></b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">.<br /><br />However, gold "is struggling to break above the $1,275 level or below $1,225, and I think we will stay around these levels again next week as market participants position themselves ahead of the U.S. nonfarm payroll numbers" for January, </span></span><a href="http://www.cnbc.com/id/101379045" style="color: #000033;" target="_blank" title="said"><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">said</span></span></a><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">Afshin Nabavi</span></span></b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">, head of trading at </span></span><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">MKS SA</span></span></b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">. <br /></span></span><u><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">January barometer right 73% of the time</span></span></b></u><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"><br />In contrast, U.S. </span></span><a href="http://www.reuters.com/article/2014/01/31/us-markets-stocks-idUSBREA080LL20140131" style="color: #000033;" target="_blank" title="stocks fell Friday"><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">stocks fell Friday</span></span></a><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">, with the </span></span><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">S&P 500</span></span></b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"> posting its first monthly loss since August, down 3.1% in January and 0.21% on the day. The </span></span><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">Dow Jones</span></span></b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"> lost 0.45%, while the</span></span><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">Nasdaq</span></span></b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"> dropped 0.14%.<br /><br />The dismal performance of stocks after a blazing 2013 has some many asking: "As January goes, so goes the year?" The question refers to the so-called "January effect," meaning that historically, the tone of stocks' annual performance often depends on how well they did in the first month of the year.<br /><br />"The January barometer has been right in 62 of the last 85 years, or 73% of the time," </span></span><b><a href="http://www.cnbc.com/id/101342321" style="color: #000033;" target="_blank" title="CNBC noted"><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">CNBC noted</span></span></a></b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">." Since 1929, the index followed January's direction 80% of the time when it finished positive, and 60% of the time, when it finished negative. More recently, in the past 35 years, the S&P 500 followed January's direction 25 times, or 71% of the time (83% of the time for the Dow, and 74% of the time for the Nasdaq).<br /><br />"Compared to other market-timing indicators that are out there, this one appears to be one of the most accurate," </span></span><a href="http://www.marketwatch.com/story/dont-dump-stocks-just-because-january-was-a-loss-2014-01-31" style="color: #000033;" target="_blank" title="said"><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">said</span></span></a><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">Michael Cooper</span></span></b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">, a finance professor at the </span></span><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">University of Utah </span></span></b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">who has extensively studied the January indicator.<br /></span></span><u><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">Like stocks? Root for Seattle</span></span></b></u><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"><br />Investors won't know until December how the January effect will play out for stocks. But many will be watching another stock-performance indicator this Sunday. As </span></span><b><a href="http://wallstcheatsheet.com/stocks/which-team-is-mr-market-cheering-for-this-super-bowl.html/" style="color: #000033;" target="_blank" title="Wall Street Cheat Sheet noted"><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">Wall Street Cheat Sheet noted</span></span></a></b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">: "In the 47 </span></span><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">Super Bowls</span></span></b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"> since 1967, the S&P 500 has performed better when the </span></span><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">NFC </span></span></b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">wins, according to research firm </span></span><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">Bespoke Investment Group</span></span></b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">. When a team from the NFC wins, the S&P 500 has gained an average of 10.4% for the remainder of the year, more than double the 4.3% return when a team from the </span></span><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">American Football Conference</span></span></b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"> wins the Super Bowl. Furthermore, the stock market finishes in positive territory for the year 80% of the time with a NFC win compared to only 63.6% with an AFC win."<br /><br />Whatever happens in the big game, investors will sleep easier Sunday night if their portfolios are properly diversified across a range of asset classes, including gold, silver, and </span></span><a href="http://coins.blanchardonline.com/" style="color: #000033;" target="_blank" title="rare coins"><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">rare coins</span></span></a><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">. If the January effect does kick in this year, a </span></span><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">Hail Mary</span></span></b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"> pass might not even be enough for stocks to beat precious metals in 2014.</span></span><br />
<span class="Apple-style-span" style="color: #333333; font-family: Verdana, sans-serif; font-size: 11px;"><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"><br /></span></span></span>
<span class="Apple-style-span" style="color: #333333; font-family: Verdana, sans-serif; font-size: 11px;"><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 13px; line-height: 18px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-style: normal; line-height: 19px;"><i><span class="Apple-style-span" style="color: #444444; font-family: Arial; font-style: normal; line-height: 21px;">More information can be found online at <u style="line-height: 1.5;"><a class="link_website" href="http://www.goldbullionadvisors.com/" name="1368569797" style="color: #444444; font-size: 14px; line-height: 1.5; text-decoration: underline;" target="_blank" title="View more details about "We will see $2,000 gold," predicts Grandich Letter publisher - Wealth Managers">http://www.goldbullionadvisors.com</a></u></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></span>Anonymoushttp://www.blogger.com/profile/03894635171448477188noreply@blogger.com0tag:blogger.com,1999:blog-590300527945915154.post-83738041547459798362014-01-31T13:57:00.002-08:002014-01-31T13:57:38.121-08:00"Lower gold prices give an extra boost to demand" as China marks Lunar New Year - Wealth Managers<span class="Apple-style-span" style="color: #333333; font-family: Verdana, sans-serif; font-size: 11px;"></span><br />
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<span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">"The more gold prices drop, the more Chinese aunties buy," one analyst notes</span></span></h3>
<span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">Jan. 31 marks the start of the </span></span><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">Lunar New Year</span></span></b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"> holiday in China and much of Asia. The strong </span></span><a href="http://www.blanchardonline.com/" style="color: #000033;" target="_blank" title="gold"><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">gold</span></span></a><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">-buying tradition attached to the holiday has helped give bullion prices a boost this year.<br /><br />"Jewelry is always one of the favorite choices (in China), and this year is especially robust and busy, just because of how cheap gold prices have actually become over the past three or so months," </span></span><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">Bloomberg</span></span></b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">'s </span></span><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">David Ingles</span></span></b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"> noted </span></span><a href="http://www.bloomberg.com/video/demand-for-gold-rising-ahead-of-lunar-new-year-ucrAghAaRLapoDIgMtayWA.html" style="color: #000033;" target="_blank" title="in a Jan. 30 report"><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">in a Jan. 30 report</span></span></a><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">. <br /><br />The Chinese are undeterred by low prices. In fact, they are seasoned bargain hunters who look at any price drops as long-term buying opportunities.<br /></span></span><a href="http://www.bloomberg.com/news/2014-01-29/gold-horses-boost-chinese-jewelers-as-bullion-slumps.html" style="color: #000033;" target="_blank" title="According to Bloomberg"><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">According to Bloomberg</span></span></a><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">, the top jewelers in China only saw their profits increase as prices fell. "An index of the share prices of </span></span><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">Chow Tai Fook</span></span></b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"> and four competitors from Hong Kong and the mainland -- </span></span><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">Chow Sang Sang Holdings International Ltd.</span></span></b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">, </span></span><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">Luk Fook Holdings International Ltd.</span></span></b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">,</span></span><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">Lao Feng Xiang Co.</span></span></b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"> and </span></span><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">Zhejiang Ming Jewelry Co.</span></span></b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"> -- climbed 5.9% in the three months through December as gold dropped 9.3%. It fell 1.7% this month while bullion advanced 4.8%."<br /><br />"Lower gold prices give an extra boost to demand," said </span></span><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">Yang Chunyan</span></span></b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"> at </span></span><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">Orient Securities Co.</span></span></b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"> in Shanghai. "The gold price and jewelry sales in China move in opposite directions. The more gold prices drop, the more Chinese aunties buy." <br /><br />However, holiday buying is winding down as the Chinese settle in to mark the </span></span><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">Year of the Horse</span></span></b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">. Unbeknownst to many Westerners, the celebration doesn't last for just one day. "Lunar New Year lasts 15 days," </span></span><b><a href="http://www.cnn.com/2014/01/27/travel/11-things-lny/" style="color: #000033;" target="_blank" title="CNN reports"><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">CNN reports</span></span></a></b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">, and "this year its last day falls on </span></span><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">Valentine's Day</span></span></b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">."<br /><br />"Mainland China will virtually shut down for the next seven days," </span></span><b><a href="http://www.cnbc.com/id/101377901" style="color: #000033;" target="_blank" title="according to CNBC"><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">according to CNBC</span></span></a></b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">. Thus, with China's markets closed and much of the holiday gold buying already done, the price could see some weakness over the next few days. And that presents the perfect buying opportunity for Westerners who aren't celebrating the Lunar New Year but instead are looking at Feb. 14, Valentine's Day. Why not shower your loved ones with a truly lasting gift: not candy or baubles, but </span></span><a href="http://www.blanchardonline.com/mintstate/investment_grade_gold/" style="color: #000033;" target="_blank" title="investment-grade gold"><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">investment-grade gold</span></span></a><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">? Should the price drop beforehand, all the better for the buyer, whether Chinese or American.</span></span><br />
<span class="Apple-style-span" style="color: #333333; font-family: Verdana, sans-serif; font-size: 11px;"><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"><br /></span></span></span>
<span class="Apple-style-span" style="color: #333333; font-family: Verdana, sans-serif; font-size: 11px;"><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 13px; line-height: 18px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-style: normal; line-height: 19px;"><i><span class="Apple-style-span" style="color: #444444; font-family: Arial; font-style: normal; line-height: 21px;">More information can be found online at <u style="line-height: 1.5;"><a class="link_website" href="http://www.goldbullionadvisors.com/" name="1368569797" style="color: #444444; font-size: 14px; line-height: 1.5; text-decoration: underline;" target="_blank" title="View more details about "We will see $2,000 gold," predicts Grandich Letter publisher - Wealth Managers">http://www.goldbullionadvisors.com</a></u></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></span>Anonymoushttp://www.blogger.com/profile/03894635171448477188noreply@blogger.com0tag:blogger.com,1999:blog-590300527945915154.post-67873526427642897742014-01-31T08:59:00.002-08:002014-01-31T08:59:29.401-08:00Gold, "unloved in 2013," is what's working now - Wealth Managers<span class="Apple-style-span" style="color: #333333; font-family: Verdana, sans-serif; font-size: 11px;"></span><br />
<h3 style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">
<span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">3 experts on CNBC detail bullish forecasts as metal logs strong January</span></span></h3>
<span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">With </span></span><a href="http://www.blanchardonline.com/" style="color: #000033;" target="_blank" title="gold"><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">gold</span></span></a><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"> showing surprising strength in the first month of 2014, some investment pros are predicting a reversal of fortune for the precious metal this year. With turmoil in the emerging markets, uncertainty from the </span></span><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">Federal Reserve</span></span></b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">'s tapering, and volatility in the stock market, this year looks a whole lot better for gold than 2013:<br /></span></span><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">Barratt's Bulletin</span></span></b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">: "When you look at last year's very disappointing performance of the precious metal, it's nice to see that we've come into 2014 with a bit of bark," said commodities expert </span></span><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">Jonathan Barratt</span></span></b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"> </span></span><a href="http://video.cnbc.com/gallery/?video=3000240766&play=1" style="color: #000033;" target="_blank" title="in a Jan. 29 appearance"><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">in a Jan. 29 appearance</span></span></a><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">. "So I'd like to think that all of the weak longs are out of the market and we should see a little bit of a trend higher, so $1,280 is what we're looking at at the moment. A break though that and we'll consolidate some gains and see it trade a little bit higher."<br /></span></span><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">JJ Burns & Company</span></span></b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">: What's working so far in 2014? "Gold, gold miners, precious metals -- what was unloved in 2013," President and Chief Investment Officer </span></span><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">JJ Burns </span></span></b><a href="http://video.cnbc.com/gallery/?video=3000240961&play=1" style="color: #000033;" target="_blank" title="said on Jan. 29"><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">said on Jan. 29</span></span></a><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">. "Gold going down, miners have hit a bottom. And those stocks which you can play by individual, you can go look at</span></span><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">GDX</span></span></b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">, which is an ETF, you can look at those and they're up 9% to 13% so far this year. The No. 1 performing asset class. ... I think it will continue."<br /></span></span><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">Peak Theories Research</span></span></b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">: "The charts right now are suggesting asset class confusion and conflict," noted founder</span></span><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">Abigail Doolittle </span></span></b><a href="http://video.cnbc.com/gallery/?video=3000240992&play=1" style="color: #000033;" target="_blank" title="in a Jan. 29 commentary"><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">in a Jan. 29 commentary</span></span></a><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">. "On the one hand, gold and bonds look ready to rally. I think we will see the 10-year (Treasury bond's yield) move down to 2.5% and I think we could see gold rally up significantly. On the other hand, stocks look like they're about to sell off. I think we are really seeing a repricing of risk this year which suggests further volatility ahead. ... We are seeing a repricing of risk, seeing investors re-evaluate where they were in 2013, coming back off the risk curve. We are seeing some of the repercussions, the volatility from the Fed's highly accommodative policy, the other central banks. As a result, we are seeing stocks sell off and gold and bonds rally. And I think that we probably see that dynamic continuing."</span></span><br />
<span class="Apple-style-span" style="color: #333333; font-family: Verdana, sans-serif; font-size: 11px;"><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"><br /></span></span></span>
<span class="Apple-style-span" style="color: #333333; font-family: Verdana, sans-serif; font-size: 11px;"><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-style: normal; line-height: 19px;"><i><span class="Apple-style-span" style="color: #444444; font-family: Arial; font-style: normal; line-height: 21px;">More information can be found online at <u style="line-height: 1.5;"><a class="link_website" href="http://www.goldbullionadvisors.com/" name="1368569797" style="color: #444444; font-size: 14px; line-height: 1.5; text-decoration: underline;" target="_blank" title="View more details about "We will see $2,000 gold," predicts Grandich Letter publisher - Wealth Managers">http://www.goldbullionadvisors.com</a></u></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></span>Anonymoushttp://www.blogger.com/profile/03894635171448477188noreply@blogger.com0tag:blogger.com,1999:blog-590300527945915154.post-21926477210304989282014-01-29T13:16:00.002-08:002014-01-29T13:16:24.442-08:00Gold demand from China "insatiable" as Western firms scramble to serve buyers - Wealth Managers<span class="Apple-style-span" style="color: #333333; font-family: Verdana, sans-serif; font-size: 11px;"></span><br />
<h3 style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">
<span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">Top refiner MKS in overdrive as Brink's expands vault space in Singapore </span></span></h3>
<b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">Reuters</span></span></b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"> market analyst </span></span><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">Clyde Russell</span></span></b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"> has come out with skeptical take on </span></span><a href="http://www.blanchardonline.com/" style="color: #000033;" target="_blank" title="gold"><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">gold</span></span></a><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">'s strong 2014 performance so far. "Gold's positive start to the year seems to be based more on hope than any real change to the factors that saw the precious metal shed 28% last year," </span></span><a href="http://www.reuters.com/article/2014/01/29/column-russell-gold-asia-idUSL3N0L31J820140129" style="color: #000033;" target="_blank" title="he wrote"><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">he wrote</span></span></a><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">. "The optimistic view for gold is that top buyer China will continue to buy record amounts. ... At best, gold demand in China will hold up, but it's unlikely that it will accelerate by much this year."<br /><br />But tune into Reuters' rival </span></span><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">Bloomberg</span></span></b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">, and you get a completely different picture of Asian gold demand. Following on the heels of its </span></span><a href="http://www.blanchardonline.com/investing-news-blog/econ.php?article=6719" style="color: #000033;" target="_blank" title="report on global coin mints working overtime"><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">report on global coin mints working overtime</span></span></a><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">, the </span></span><a href="http://www.bloomberg.com/news/2014-01-28/gold-flows-east-as-bars-recast-for-chinese-defying-slump.html" style="color: #000033;" target="_blank" title="Jan. 28 article"><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">Jan. 28 article</span></span></a><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"> "</span></span><i><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">Gold flows East as bar recast for Chinese defying slump</span></span></i><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">" focuses on that giant gold-sucking sound coming out of China:<br /><br />"Gold's biggest slump in three decades has been a boon for</span></span><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">MKS</span></span></b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"> </span></span><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">(Switzerland) SA</span></span></b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">'s </span></span><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">PAMP</span></span></b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"> refinery near the Italian border in Castel San Pietro, whose bullion sales to China surged to a record as demand rose for coins, bars and jewelry.<br /><br />"As prices plunged 28% in 2013, investors dumped a record 869.1 metric tons from gold-backed funds traded mostly in the U.S. and Europe. Much of that metal is ending up in Asia, where companies such as </span></span><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">The Brink's Co.</span></span></b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">, </span></span><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">UBS AG</span></span></b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"> and</span></span><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">Deutsche Bank AG</span></span></b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"> are opening new vaults. China's expanding wealth has made the country the world's largest buyer, surpassing India, as imports reached an all-time high."<br /><br />Calling China's demand "insatiable," PAMP exec </span></span><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">Mehdi Barkhordar</span></span></b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"> noted: "The demand in China is off its peak, but still respectable," he said last week. The refinery is adding shifts to keep up with demand.<br /><br />Meanwhile, "</span></span><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">Brink's</span></span></b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">, the largest provider of precious-metals logistics and storage, is adding room on top of a vault the company opened in 2012 at the </span></span><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">Singapore Freeport</span></span></b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"> building next to </span></span><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">Changi International Airport</span></span></b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">." The firm also is opening its fifth vault in Singapore by March, as well as expanding in Hong Kong and mainland China.<br /><br />"We need additional capacity, so we have to take further space," said </span></span><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">Baskaran Narayanan</span></span></b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">, Brink's point person in Singapore. "There's a surge in demand for precious metals in Asia, and one can see the focus and movement from the west to the east."<br /><br />A slew of Western investment banks in storage firms either have opened or are opening vaults in Singapore, Shanghai, and other Asian gold hot spots, including </span></span><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">Deutsche Bank</span></span></b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">,</span></span><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">UBS</span></span></b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">, and </span></span><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">Malca-Amit Global Ltd</span></span></b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">.<br /><br />Does this sound like cooling Chinese gold demand to you? And even if Chinese gold demand this year falls short of </span></span><a href="http://www.blanchardonline.com/investing-news-blog/econ.php?article=6718" style="color: #000033;" target="_blank" title="2013's record levels"><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">2013's record levels</span></span></a><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">, it's unlikely to drop off by too much. These major firms' long-term infrastructural investments are betting big on continuing, long-term gold consumption in the increasingly wealthy Asian-Pacific region.</span></span><br />
<span class="Apple-style-span" style="color: #333333; font-family: Verdana, sans-serif; font-size: 11px;"><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"><br /></span></span></span>
<span class="Apple-style-span" style="color: #333333; font-family: Verdana, sans-serif; font-size: 11px;"><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-style: normal; line-height: 19px;"><i><span class="Apple-style-span" style="color: #444444; font-family: Arial; font-style: normal; line-height: 21px;">More information can be found online at <u style="line-height: 1.5;"><a class="link_website" href="http://www.goldbullionadvisors.com/" name="1368569797" style="color: #444444; font-size: 14px; line-height: 1.5; text-decoration: underline;" target="_blank" title="View more details about "We will see $2,000 gold," predicts Grandich Letter publisher - Wealth Managers">http://www.goldbullionadvisors.com</a></u></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></span>Anonymoushttp://www.blogger.com/profile/03894635171448477188noreply@blogger.com0tag:blogger.com,1999:blog-590300527945915154.post-47045784701442936152014-01-28T14:11:00.001-08:002014-01-28T14:11:15.281-08:00Gold offers refuge to emerging-market central banks - Wealth Managers<span class="Apple-style-span" style="color: #333333; font-family: Verdana, sans-serif; font-size: 11px;"></span><br />
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<span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">Turkey, Kazakhstan, Azerbaijan, Ukraine, and Belarus among buyers in December</span></span></h3>
<span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">Large-scale </span></span><a href="http://www.blanchardonline.com/" style="color: #000033;" target="_blank" title="gold"><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">gold</span></span></a><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"> purchases by central banks has been a key driver of bullion prices in the past few years by taking significant quantities off the market. Though the pace of buying has perhaps slackened in recent months, the multiple currency crises erupting across the globe in locales such as Turkey and Argentina could make gold an even more sought-after safe-haven asset.<br /><br />The central-bank purchases continued in December, according to new data from the </span></span><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">International Monetary Fund</span></span></b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">. "Turkey's central bank reported an increase of more than 430,000 ounces to the IMF, taking its official reserves to 16.7 million ounces," </span></span><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">The Wall Street Journal</span></span></b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"> </span></span><a href="http://online.wsj.com/news/articles/SB10001424052702304007504579348103924103922" style="color: #000033;" target="_blank" title="reported"><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">reported</span></span></a><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">.<br /><br />Kazakhstan raised its gold reserves by 77,000 troy ounces last month, to 4.6 million ounces, while Azerbaijan added 32,000 ounces to hit 644,000 ounces. Belarus bought 28,000 ounces, and Ukraine acquired 20,000 ounces.<br /><br />"The IMF figures suggest emerging markets remain committed to bolstering their gold reserves," The WSJ noted. "Some analysts say a central-bank decision to start accepting gold as collateral from commercial banks in late 2011 has been the main cause of a sustained rise in the country's precious-metal holdings."</span></span><br />
<span class="Apple-style-span" style="color: #333333; font-family: Verdana, sans-serif; font-size: 11px;"><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"><br /></span></span></span>
<span class="Apple-style-span" style="color: #333333; font-family: Verdana, sans-serif; font-size: 11px;"><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-style: normal; line-height: 19px;"><i><span class="Apple-style-span" style="color: #444444; font-family: Arial; font-style: normal; line-height: 21px;">More information can be found online at <u style="line-height: 1.5;"><a class="link_website" href="http://www.goldbullionadvisors.com/" name="1368569797" style="color: #444444; font-size: 14px; line-height: 1.5; text-decoration: underline;" target="_blank" title="View more details about "We will see $2,000 gold," predicts Grandich Letter publisher - Wealth Managers">http://www.goldbullionadvisors.com</a></u></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></span>Anonymoushttp://www.blogger.com/profile/03894635171448477188noreply@blogger.com0tag:blogger.com,1999:blog-590300527945915154.post-80143866033460693372014-01-28T14:08:00.001-08:002014-01-28T14:08:18.635-08:00Germany's Bundesbank proposes bankrupt nations hit private wealth with tax - Wealth Managers<span class="Apple-style-span" style="color: #333333; font-family: Verdana, sans-serif; font-size: 11px;"></span><br />
<h3 style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">
<span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">Meanwhile, top-200 Russian bank reportedly freezes cash withdrawals</span></span></h3>
<span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">Capital controls, currency devaluations, and wealth confiscation are some of the last refuges of bankrupt nations and institutions, as evidenced by the Cyprus bail-ins and pension seizures by Poland last year. And just this week, fears of bank runs have erupted as </span></span><a href="http://www.blanchardonline.com/investing-news-blog/econ.php?article=6717" style="color: #000033;" target="_blank" title="HSBC limited cash withdrawals"><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">HSBC limited cash withdrawals</span></span></a><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"> by its customers and </span></span><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">Lloyds</span></span></b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">-owned ATMs went down. All this amid Argentina's </span></span><a href="http://www.bloomberg.com/news/2014-01-23/argentina-s-peso-plunges-17-as-central-bank-scales-back-support.html" style="color: #000033;" target="_blank" title="currency devaluation"><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">currency devaluation</span></span></a><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"> and other turbulence in emerging markets.<br /><br />The shocking reports just keep coming -- the latest from Germany. </span></span><a href="http://www.reuters.com/article/2014/01/27/us-eurozone-crisis-bundesbank-idUSBREA0Q0HV20140127" style="color: #000033;" target="_blank" title="According to Reuters"><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">According to Reuters</span></span></a><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">, on Monday its Bundesbank said nations facing bankruptcy should impose a one-off capital levy on its wealthy citizens before asking other states for assistance. This proposal follows a suggestion by the</span></span><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">International Monetary Fund</span></span></b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"> in October recommending a 10% tax rate on households with positive net wealth.<br /><br />"(A capital levy) corresponds to the principle of national responsibility, according to which tax payers are responsible for their government's obligations before solidarity of other states is required," the Bundesbank said in a monthly report.<br /><br />And that's not the only trouble on the horizon. </span></span><a href="http://www.zerohedge.com/news/2014-01-28/russian-bank-halts-all-cash-withdrawals" style="color: #000033;" target="_blank" title="According to Zero Hedge"><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">According to Zero Hedge</span></span></a><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">: "</span></span><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">Bloomberg</span></span></b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"> reports that '</span></span><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">My Bank</span></span></b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">' -- one of Russia's top 200 lenders by assets -- has introduced a complete ban on cash withdrawals until next week. While the ruble has been losing ground rapidly recently, we suspect few have been expecting bank runs in Russia."<br /><br />"To anyone paying attention, the warning signs are all flashing red," </span></span><a href="http://www.sovereignman.com/finance/this-is-what-banks-do-when-they-go-broke-13427/" style="color: #000033;" target="_blank" title="writes"><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">writes</span></span></a><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"> </span></span><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">Simon Black</span></span></b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"> at the </span></span><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">Sovereign Man</span></span></b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"> blog:<br /></span></span><i><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">"The days when you could simply assume that your bank is healthy, and a safe custodian of your money, are long gone ... and people need to be aware of this.<br /><br />"There are consequences to keeping funds in overstretched and starved-out banking systems. When push comes to shove, those banks will either go under and take your deposits with them (Cyprus), or they'll make it incredibly difficult for you to access your own money. This is what HSBC is doing in the UK."</span></span></i><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"><br />One solution to this turn of events is simple -- and timeless: Own </span></span><a href="http://www.blanchardonline.com/" style="color: #000033;" target="_blank" title="gold"><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">gold</span></span></a><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"> and </span></span><a href="http://www.blanchardonline.com/blanchard_products/bullion_silver_american_eagle.php" style="color: #000033;" target="_blank" title="silver"><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">silver</span></span></a><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"> stored outside the banking system, stored safely and securely and accessible to you when you need it.</span></span><br />
<span class="Apple-style-span" style="color: #333333; font-family: Verdana, sans-serif; font-size: 11px;"><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"><br /></span></span></span>
<span class="Apple-style-span" style="color: #333333; font-family: Verdana, sans-serif; font-size: 11px;"><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-style: normal; line-height: 19px;"><i><span class="Apple-style-span" style="color: #444444; font-family: Arial; font-style: normal; line-height: 21px;">More information can be found online at <u style="line-height: 1.5;"><a class="link_website" href="http://www.goldbullionadvisors.com/" name="1368569797" style="color: #444444; font-size: 14px; line-height: 1.5; text-decoration: underline;" target="_blank" title="View more details about "We will see $2,000 gold," predicts Grandich Letter publisher - Wealth Managers">http://www.goldbullionadvisors.com</a></u></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></span>Anonymoushttp://www.blogger.com/profile/03894635171448477188noreply@blogger.com0tag:blogger.com,1999:blog-590300527945915154.post-67283251923630497302014-01-27T13:19:00.002-08:002014-01-27T13:19:45.172-08:00Gold getting boost from dangerous currency crises in Argentina, Turkey, elsewhere - Wealth Managers<span class="Apple-style-span" style="color: #333333; font-family: Verdana, sans-serif; font-size: 11px;"></span><br />
<h3 style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">
<span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">"Amid the recent panic, it's one of the few things that's going up"</span></span></h3>
<span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">The </span></span><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">Federal Reserve</span></span></b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"> is convening Tuesday and Wednesday for its first meeting of the year and the last one ever led by</span></span><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">Ben Bernanke</span></span></b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"> before </span></span><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">Janet Yellen</span></span></b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"> takes over as chair. The question on everyone's minds is: Will the central bank continue tapering its massive stimulus program?<br /><br />What's different since the Fed announced the launch of its first round of stimulus tapering? That </span></span><a href="http://www.blanchardonline.com/investing-news-blog/econ.php?article=6673" style="color: #000033;" target="_blank" title="horrible December jobs report"><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">horrible December jobs report</span></span></a><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">, for one, as well as an </span></span><a href="http://www.bloomberg.com/news/2014-01-24/contagion-spreads-in-emerging-markets-as-crises-grow.html" style="color: #000033;" target="_blank" title="emerging-market currency crisis"><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">emerging-market currency crisis</span></span></a><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">and a suddenly teetering U.S. stock market.<br /><br />The Fed "has created a truly global problem," </span></span><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">Michael Snyder</span></span></b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">of the </span></span><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">Economic Collapse</span></span></b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"> blog </span></span><a href="http://theeconomiccollapseblog.com/archives/are-we-on-the-verge-of-a-massive-emerging-markets-currency-collapse" style="color: #000033;" target="_blank" title="wrote"><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">wrote</span></span></a><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">. "A big chunk of the trillions of dollars that it pumped into the financial system over the past several years has flowed into emerging markets. But now that the Fed has decided to begin 'the taper,' investors see it as a sign to pull the 'hot money' out of emerging markets as rapidly as possible. This is causing currencies to collapse and interest rates to soar all over the planet. </span></span><a href="http://www.bloomberg.com/news/2014-01-27/argentina-devaluation-triggers-30-whirlpool-price-markup.html" style="color: #000033;" target="_blank" title="Argentina"><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">Argentina</span></span></a><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">, </span></span><a href="http://online.wsj.com/news/articles/SB10001424052702303553204579346070794335390" style="color: #000033;" target="_blank" title="Turkey"><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">Turkey</span></span></a><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">, South Africa, Ukraine, Chile, Indonesia, Venezuela, India, Brazil, Taiwan and Malaysia are just some of the emerging markets that have been hit hard so far. In fact, last week emerging market currencies experienced the biggest decline that we have seen since the financial crisis of 2008. And all of this chaos in emerging markets is seriously spooking Wall Street as well. ... If the Federal Reserve opts to taper even more in the coming days, this currency crisis could rapidly turn into a complete and total currency collapse."<br /></span></span><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">USA Today</span></span></b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"> also </span></span><a href="http://www.usatoday.com/story/money/markets/2014/01/25/why-wall-street-fears-emerging-market-crisis/4833753/" style="color: #000033;" target="_blank" title="weighed in on the turbulence"><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">weighed in on the turbulence</span></span></a><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"> of the past few days: "Indeed, the great bull market on Wall Street has suddenly run into a stumbling block that few investment strategists were even talking about at the start of the year: swooning currencies and capital flight out of vulnerable emerging markets like Turkey and Argentina. The financial turbulence, which is being greatly exacerbated by a slowdown in growth-engine China, has raised fears of a potential crisis that could inflict damage on these developing countries' economies and perhaps infect other nations as well. That lethal combination could ultimately crimp earnings of U.S. multinationals. It could also prompt investors to dump risky assets, a response that already seems to be underway."<br /><br />Indeed, the U.S. stock market "is among the most overvalued in the world," </span></span><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">John Stepek</span></span></b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"> of </span></span><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">MoneyWeek</span></span></b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"> </span></span><a href="http://moneyweek.com/crashing-emerging-markets-could-spell-opportunity-for-smart-investors/" style="color: #000033;" target="_blank" title="wrote"><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">wrote</span></span></a><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">. "That makes it more vulnerable than most developed markets to a knock-on impact from emerging markets. Particularly if economic data disappoints for any reason. ... This is also a useful illustration of why you should hold </span></span><a href="http://www.blanchardonline.com/" style="color: #000033;" target="_blank" title="gold"><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">gold</span></span></a><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"> in your portfolio as insurance. Amid the recent panic, it's one of the few things that's going up."</span></span><br />
<span class="Apple-style-span" style="color: #333333; font-family: Verdana, sans-serif; font-size: 11px;"><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"><br /></span></span></span>
<span class="Apple-style-span" style="color: #333333; font-family: Verdana, sans-serif; font-size: 11px;"><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-style: normal; line-height: 19px;"><i><span class="Apple-style-span" style="color: #444444; font-family: Arial; font-style: normal; line-height: 21px;">More information can be found online at <u style="line-height: 1.5;"><a class="link_website" href="http://www.goldbullionadvisors.com/" name="1368569797" style="color: #444444; font-size: 14px; line-height: 1.5; text-decoration: underline;" target="_blank" title="View more details about "We will see $2,000 gold," predicts Grandich Letter publisher - Wealth Managers">http://www.goldbullionadvisors.com</a></u></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></span>Anonymoushttp://www.blogger.com/profile/03894635171448477188noreply@blogger.com0tag:blogger.com,1999:blog-590300527945915154.post-39990314694868652882014-01-23T12:39:00.002-08:002014-01-23T12:39:29.953-08:00Gold blasts 2% higher above $1,260 as India debates lifting bullion restrictions - Wealth Managers<span class="Apple-style-span" style="color: #333333; font-family: Verdana, sans-serif; font-size: 11px;"></span><br />
<h3 style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">
<span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">Stocks tank on poor Chinese PMI data and corporate earnings reports</span></span></h3>
<span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">In its </span></span><a href="http://www.cnbc.com/id/101359202" style="color: #000033;" target="_blank" title="biggest one-day rally in three months"><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">biggest one-day rally in three months</span></span></a><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">, </span></span><a href="http://www.blanchardonline.com/" style="color: #000033;" target="_blank" title="gold"><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">gold</span></span></a><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"> galloped through the $1,260 level -- and more -- in a 2% surge Thursday, fueled by growing speculation that India could ease its draconian import duties on the yellow metal. That's huge news because those restrictions are largely to blame for gold's steep losses in 2013.<br /><br />Gold also shrugged off poor </span></span><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">PMI</span></span></b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"> manufacturing data in China that suggest its economy is slowing down. Normally, that kind of a report mind hurt gold because it implies fewer people might be buying gold. What that report did instead was help hurt U.S. stocks, which fell across the board, led by the </span></span><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">Dow Jones</span></span></b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">' </span></span><a href="http://blogs.marketwatch.com/thetell/2014/01/23/stock-market-live-blog-dow-industrials-eye-3rd-straight-down-day/" style="color: #000033;" target="_blank" title="200-point loss"><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">200-point loss</span></span></a><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">. Likewise, a similarly strong manufacturing report in the eurozone slammed the U.S. dollar.<br /><br />"Market participants were ready to sell their equities holdings and to add to their gold positions on the weaker-than-expected Chinese data," said </span></span><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">Carlos Sanchez</span></span></b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"> at </span></span><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">CPM Group</span></span></b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">.<br /></span></span><u><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">U.S. still feels like recession, poll finds</span></span></b></u><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"><br />And despite </span></span><a href="http://www.marketwatch.com/story/home-sales-hit-7-year-high-as-prices-also-climb-2014-01-23" style="color: #000033;" target="_blank" title="December home sales"><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">December homes sales</span></span></a><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"> hitting seven-year highs, 74% of Americans believe that </span></span><a href="http://247wallst.com/economy/2014/01/23/74-believe-u-s-still-in-recession/" style="color: #000033;" target="_blank" title="the nation is still in a recession"><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">the nation is still in a recession</span></span></a><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">. In a new </span></span><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">Fox News</span></span></b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"> poll, when asked "For you and your family, does it feel like the recession is over, or does it feel like the country is still in a recession?" only 22% said they believed the downturn had ended. The 74% is better than the 86% from the poll in September 2010, but only barely, if the "improvements" in gross domestic product and unemployment rates are taken into account.<br /><br />Meanwhlle, with gold breaking through key resistance at $1,260, </span></span><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">Bank of America</span></span></b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">'s head technician </span></span><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">MacNeil Curry</span></span></b><a href="http://www.zerohedge.com/news/2014-01-23/bank-america-gold-squeeze-gets-explosive-above-1270" style="color: #000033;" target="_blank" title="issued this note"><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">issued this note</span></span></a><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">:<br /></span></span><i><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">"Gold gets explosive above 1270. Watch out. With the US $ coming under pressure, the potential further gold gains is high and rising. 1270 IS KEY. A break of the 1270 pivot should be the catalyst for short squeeze higher, exposing the confluence of resistance between 1362/1399." </span></span></i><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"><br /></span></span><u><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">Indian reforms could fuel "explosion of pent-up demand"</span></span></b></u><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"><br />But the biggest news for the gold market Thursday came from India, where</span></span><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"> Congress</span></span></b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"> party chief </span></span><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">Sonia Gandhi</span></span></b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"> reportedly asked the government to review tough import restrictions on gold, which include a record 10% import duty.<br /><br />"Her intervention is likely to create pressure for an easing of rules that have hammered the bullion industry and brought a surge in smuggling," </span></span><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">Reuters</span></span></b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"> </span></span><a href="http://in.reuters.com/article/2014/01/23/gold-india-idINDEEA0M06U20140123" style="color: #000033;" target="_blank" title="reported"><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">reported</span></span></a><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">.<br /><br />However, Finance Minister </span></span><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">P. Chidambaram</span></span></b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">, in an interview with </span></span><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">CNBC</span></span></b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"> on Thursday in Davos, Switzerland, ruled out any change in restrictions until the current-account deficit was under control: "Until we have a firm grip on the current-account deficit, I do not contemplate any roll back in any measure. We will have a full idea of the current-account deficit only when the budget is presented and when the year comes to an end."<br /><br />Nevertheless, the idea that India's gold restrictions are not set in stone is gathering momentum. Gold is simply too ingrained in India's culture, and smuggling is on the rise.<br /><br />"This is an indication that the government will ease the gold import rule soon," </span></span><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">Chintan Karnani </span></span></b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">of </span></span><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">Insignia Consultants</span></span></b><a href="http://www.marketwatch.com/story/gold-moves-lower-for-third-straight-session-2014-01-23" style="color: #000033;" target="_blank" title="said of the news"><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">said of the news</span></span></a><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">. "India allowing gold imports will be bullish for gold and </span></span><a href="http://www.blanchardonline.com/blanchard_products/bullion_silver_american_eagle.php" style="color: #000033;" target="_blank" title="silver"><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">silver</span></span></a><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"> in the short term."<br /></span></span><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">Jan Skoyles</span></span></b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"> at </span></span><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">The Real Asset Co</span></span></b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">. added: "Should restrictions be lifted, then gold demand won't just return to previous levels, but there will be an explosion of pent-up demand to begin with."<br /><br />Stay tuned for developments in the matter, which has huge implications for world gold demand and the resumption of the bull market after 2013's down year.</span></span><br />
<span class="Apple-style-span" style="color: #333333; font-family: Verdana, sans-serif; font-size: 11px;"><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"><br /></span></span></span>
<span class="Apple-style-span" style="color: #333333; font-family: Verdana, sans-serif; font-size: 11px;"><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-style: normal; line-height: 19px;"><i><span class="Apple-style-span" style="color: #444444; font-family: Arial; font-style: normal; line-height: 21px;">More information can be found online at <u style="line-height: 1.5;"><a class="link_website" href="http://www.goldbullionadvisors.com/" name="1368569797" style="color: #444444; font-size: 14px; line-height: 1.5; text-decoration: underline;" target="_blank" title="View more details about "We will see $2,000 gold," predicts Grandich Letter publisher - Wealth Managers">http://www.goldbullionadvisors.com</a></u></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></span>Anonymoushttp://www.blogger.com/profile/03894635171448477188noreply@blogger.com0tag:blogger.com,1999:blog-590300527945915154.post-59361640017082017542014-01-22T11:31:00.000-08:002014-01-22T11:31:06.650-08:00Gold to hit $3,300 by 2017, says Longwave chief - Wealth Managers<span class="Apple-style-span" style="color: #333333; font-family: Verdana, sans-serif; font-size: 11px;"></span><br />
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<span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">"We're in a currency crisis," notes Ian Gordon</span></span></h3>
<span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">"I'm extremely bullish for the </span></span><a href="http://www.blanchardonline.com/" style="color: #000033;" target="_blank" title="gold"><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">gold</span></span></a><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"> price in 2014," </span></span><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">Longwave Group</span></span></b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"> founder </span></span><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">Ian Gordon</span></span></b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"> tells </span></span><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">The Gold Report </span></span></b><a href="http://www.theaureport.com/pub/na/15808" style="color: #000033;" target="_blank" title="in a new interview"><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">in a new interview</span></span></a><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"> published Jan. 20. Gordon is a technical analyst who specializes in the study of long-term trading cycles and patterns, particularly the theories of </span></span><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">Nikolai Kondratiev</span></span></b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">.<br /><br />"We've been in a secular bull market for gold and the gold stocks effectively since 2000. ... This bullish phase should take the price of gold to $3,300/oz and the </span></span><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">HUI Index</span></span></b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"> to $990 sometime early in 2017. It won't be straight up; there will be intermediate corrections along the way."<br /><br />Gordon added: "The world is facing an unprecedented fiat paper money currency crisis that can only end very badly. ... I'm confident that the gold bull market is nowhere near over because in times of crisis gold becomes the money of choice. As I have already said, we are facing a mammoth crisis."<br /></span></span><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">On equities</span></span></b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">: "I'm extremely bearish on the stock market," he said. "The </span></span><b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;">Federal Reserve</span></span></b><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"> will be out of ammunition to keep stock prices higher. Interest rates in the U.S. are essentially at zero and we're pushing money at the rate of $75B a month into the major U.S. banks. When the market caves in, the Fed will be unable to bring it back because it has no room to cut interest rates. If the Fed keeps printing money at the current rate or increases it, the dollar will be under tremendous pressure. The Fed is caught between a rock and a hard place."<br /> </span></span><br />
<span class="Apple-style-span" style="color: #333333; font-family: Verdana, sans-serif; font-size: 11px;"><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal; line-height: 15px;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-size: 11px; font-style: normal;"><i><span class="Apple-style-span" style="font-size: xx-small;"><span class="Apple-style-span" style="font-size: 14px;"><span class="Apple-style-span" style="font-style: normal; line-height: 19px;"><i><span class="Apple-style-span" style="color: #444444; font-family: Arial; font-style: normal; line-height: 21px;">More information can be found online at <u style="line-height: 1.5;"><a class="link_website" href="http://www.goldbullionadvisors.com/" name="1368569797" style="color: #444444; font-size: 14px; line-height: 1.5; text-decoration: underline;" target="_blank" title="View more details about "We will see $2,000 gold," predicts Grandich Letter publisher - Wealth Managers">http://www.goldbullionadvisors.com</a></u></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></i></span></span></span></span>Anonymoushttp://www.blogger.com/profile/03894635171448477188noreply@blogger.com0