bespokeinvest.typepad.com - 11/4/2009
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The price of gold has broken out to another new high this morning following news that India's Central Bank purchased 200 tons of the metal from the IMF. Previously, the IMF had announced that it would sell around 400 tons, raising speculation that the planned sale would cause a glut of gold in ...
blogs.ft.com - 26 days ago
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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
blogs.reuters.com - 24 days ago
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blogs.reuters.com —
Gold’s recent behavior strikes me as similar to
oil circa July ‘08. With it leaping to another...
new high today, I thought I’d offer the following chart for reader comments: (Click chart to enlarge in new window) Thanks to ...
(more)
Chart of the Day: The Dow priced in gold
reuters.com - 11/3/2009
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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 $1,058 * Relieves bearish risk of open-market bullion sale * Is China next? (Updates ...
(more)
India buys half of IMF's gold for sale; who's next?
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Gold Futures Spike To New Record High
Millionaire Now! —
Still a good time to loosen up your equities. EFT GLD is above its 50-day moving average. Most stocks have fallen below their 50-day moving average. The Gold & Silver Index ($XAU +6.38%) was a standout gainer today. The big gain helped it rally back above its 50-day moving average line for the first time in a week. Bespoke: "The price of gold has broken out to another new high this morning following news that India's ...
Words from the (Investment) Wise 11.08.09
The Big Picture —
... 400 tons, raising speculation that the planned sale would cause a glut of gold in the market. Based on India’s $6.7 billion 200-ton purchase, the market may have an easier time digesting the increased supply than previously thought. The average price per ounce for the Indian Central Bank’s purchase works out to around $1,045. With gold now trading at $1,079, they have already made $218 million (3.25%). Not bad for a few days work!”
Source: Bespoke, November 3, 2009.
Eoin Treacy (Fullermoney): Gold’s advance ...
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