Gold peaked when the Fed decided not to taper its bond purchases and now
the bears are in control, says Eric Zuccarelli, Independent Trader.
Tuesday, September 24, 2013
Wednesday, September 18, 2013
Fed Fuels Gold Market
Kitco News talks with Peter Hug about gold as the FOMC meeting unfolds. Hug says the Fed wants to taper but the question is when. The market already expects the Fed to cut its bond-buying program by $10 billion, Hug adds. "This gold market needs continuous fuel. The Fed announcement will create the fuel one way or another." According to Hug, gold is finding support at the $1,307 level and if tapering is not announced, it can go as high as $1,350. Silver will follow suit, Hug adds. Tune in now to hear how he expects metals' prices to move this week. Kitco News, September 17, 2013.
Tuesday, September 17, 2013
Andy Hoffman--Who Is Larry Summers And Why Should You Care Anyway? 16.Sep.13
Andy Hoffman joined us after a two week hiatus. I was stuck up North getting divorced and selling my house. Hope everyone survived without me okay. I'm quite certain you did. Andy raised the issued that as usual the MSM got it wrong that Summers was not the shoe-in to be the next Fed Chairman, surprise. We also discussed the fact that virtually all of the Comex's gold is gone and that gold continues to be in backwardation, which can't be the sign of a healthy market, can it? And then of course there's Syria, imagine if they started a war and nobody came.
Go to www.FinancialSurvivalNetwork.com for the latest info on the economy and precious metals markets
Friday, September 13, 2013
Exclusive: Inside Look at Fortuna Silver's San Jose Mine
Kitco News' Alex Letourneau takes you on an exclusive tour of Fortuna
Silver's San Jose Mine in Mexico. Have you ever wondered what a mine
looks like and how everything operates 150 meters underground? Tune in
now to follow Alex through his journey down a deep-pit silver mine and
learn about the high-grade Trinidad Deposit discovery. Alex also tours
the company's upgraded mill, which can now process 1,800 metric ton of
silver per day. Kitco News, September 13, 2013.
Thursday, September 12, 2013
Gold is Rolling Over
Dan Dicker talks with Stephanie Link about renewed weakness in the Gold trade and its related stocks.
Monday, September 9, 2013
Gold Trade Awaits Syria Decision
Congress' impending decision on Syria continues to weigh on gold prices, RJO Futures' Phil Streible tells TheStreet's Joe Deaux.
Sunday, September 8, 2013
Rothschilds Hoarding Gold
In the beginning of this century there were signs that Rothschild was starting to pull back from gold. With the announcement of Lord Jacob Rothschild that his "investment vehicle" RIT Capital Partners "has ridden the rally in gold prices but will now incrementally sell down" many observers were led to believe the ancient house was abandoning the precious stuff. Jacob Rothschild stated in 2011:
"There is I believe a growing awareness of the dangerous position which confronts many countries, particularly those in the developed world. In spite of these concerns, we continue to take advantage of areas that we believe are attractive, but we will remain cautious in terms of the quantum of capital that we allocate".
Already in 2004 Rothschild blew the horn, announcing with a loud voice (that tends to carry far and wide throughout the world's financial community) that the family was withdrawing from its gold-based assets. In April of 2004 theTelegraph reported.
Friday, September 6, 2013
Will Gold Ignore Fed Tapering?
Fed tapering hangs in the balance after a soft jobs report, and Hard
Asset Alliance's Olivier Garret tells Joe Deaux what it means for gold.
Thursday, September 5, 2013
Basel III to Boost Gold Demand?
Basel III regulations could begin affecting gold demand in 2014, AnthemVault's Anthem Blanchard tells TheStreet's Joe Deaux.
Wednesday, September 4, 2013
The Gold Deposit Scheme To Get More Attractive
In yet another attempt to reduce gold imports in India, the Govt. has
decided to boost the Gold Deposit Scheme. Bloomberg TV India gets you
more on the details.
Tuesday, September 3, 2013
Will September Be Bullish For Gold? -- September 3, 2013
Kitco's Peter Hug is back to talk about Syria and what this means for gold as everyone awaits the congressional vote on whether to give Obama the green light. "I'm not convinced that Obama is going to get the approval he is looking for to do the surgical strike," Hug says. He also talks about South African strikes and job numbers coming out on Friday. With regards to the strikes, Hug says this will be bullish for the precious metals sector. "I remain price positive on platinum, palladium and rhodium," Hug added. When asked about the BOE & ECB meetings on Thursday, Peter says he doesn't think there will be any event occurring that will be negative for the metals from an interest rate and monetary policy point of view. Tune in now to hear Hug's take on the metals markets. Kitco News, September 3, 2013.
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