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Gold! India! Gold!
themessthatgreenspanmade.blogspot.com - 11/4/2009
Gold! India! Gold!
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Yesterday's theory of a "limit up" of $50 a month for gold gained more credibility during Day 2 of November, the price of the yellow metal given a shot in the arm by the announcement from the IMF that they had sold 200 tonnes of gold to the Reserve Bank of India - about half of its entire ...
telegraph.co.uk - 11/2/2009
It is Japan we should be worrying about not America
— telegraph.co.uk — Japan is drifting helplessly towards a dramatic fiscal crisis. For 20 years the world's secondlargest economy has... been able to borrow cheaply from a captive bond market feeding its addiction to Keynesian deficit spending - and allowing it to push ... (more) It is Japan we should be worrying about not America

Comments vote down naked capitalism found this 11/2/2009found this
blogs.ft.com - 26 days ago
Gold - a six thousand year-old bubble
— blogs.ft.com — Gold is unlike any other commodity. It is costly to extract from the earth and to refine... to a reasonable degree of purity. It is costly to store. It has no remaining uses as a producer good - equivalent or superior alternatives exist for all its ... (more) Gold - a six thousand year-old bubble

Comments vote down FT Alphaville found this 26 days agofound this
reuters.com - 11/3/2009
India buys half of IMF's gold for sale; who's next?
— reuters.com — * IMF sells 200 tonnes of gold to Reserve Bank of India * Sale is part of... total of 403.3 tonnes to be sold by IMF * Gold price reverses earlier gains, flat near $1,058 * Relieves bearish risk of open-market bullion sale * Is China next? (Updates ... (more) India buys half of IMF's gold for sale; who's next?

Comments vote down Bespoke Investment Group found this 11/3/2009found this

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ETF Database:  ETF Plays For A Falling Dollar: Part II

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ETF Plays For A Falling Dollar: Part II
ETF Database — ... Separately, the International Monetary Fund announced that it has sold 200 tonnes of gold to India for about $6.7 billion, representing an increase in the country’s bullion holdings of more than 50%. Earlier this year, China publicly indicated its preference for boosting its foreign reserves by accumulating hard currency over the U.S. dollar, and it appears that India has now followed suit. ...

Related: gold $50 limit up
A "limit up" of $50 a month for gold? — The Mess That Greenspan Made
Let's see ... it's the first trading day of the month and, if this month is like the last two months, we just might see a move up in the gold price of about $50 in relatively short order. Conspiracy minded individuals might think that instructions have been issued from on high to allow the metal ...