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blogs.reuters.com - 11 days ago

Chart of the Day: The Dow priced in gold

— 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

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blogs.ft.com - 13 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

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Comments vote downundo vote up FT Alphaville found this 13 days agofound this

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mineweb.com - 17 days ago

MINING FINANCE / INVESTMENT

— mineweb.com — World's 100 hottest gold stocks Gold stocks of all sizes are in good demand; buying remains selective in the face of booming dollar gold bullion prices. Author: Barry Sergeant Posted: Wednesday , 04 Nov 2009 JOHANNESBURG - Dollar gold bullion traded ... (more) MINING FINANCE / INVESTMENT

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Bespoke Investment Group:  Gold Soars to New Highs

Rolfe Winkler:  Gold jumps to record on purchase by India

Millionaire Now!:  Gold Futures Spike To New Record High

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FT Alphaville:  ‘Brangelina’ cash-in on gold mania (for charity of course)

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Gold is never Old http://bit.ly/1pTer4 19 days ago

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Gold Soars to New Highs
Bespoke Investment Group — 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 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 ...

Gold jumps to record on purchase by India
Rolfe Winkler — From Surojit Gupta and Lesley Wroughton, Reuters: The International Monetary Fund has sold 200 tonnes of gold to the Reserve Bank of India for $6.7 billion, quietly executing half of a long-planned bullion sale that has threatened to slow gold’s ascent…. …Although the IMF’s plan to sell a share of its gold holdings in order to increase low-cost lending to poor countries had been flagged for a year before it was formally approved in September, the speed, scale and identity of the buyer were a surprise…. ….The ...

Gold Futures Spike To New Record High
Millionaire Now! — ... "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 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 ...

‘Brangelina’ cash-in on gold mania (for charity of course)
FT Alphaville — ... 2 tonnes of IMF gold on November 11 for $71.1m. Mauritius follows India, which was the first nation to announce it had purchased some of the 400 tonnes of gold being offered to the market by the IMF. The above, meanwhile, also supports the World Gold Council’s recent survey, which ...