Friday, 06 Jan 2012 11:15 AM
By Forrest Jones
Legendary financier George Soros returned to buying gold in late 2011 after selling it earlier, and is due to reap the benefits later this year when Fed policies will likely weaken the dollar and send the precious metal climbing, Emerging Money reports.
In the first quarter of 2011, Soros Fund Management sold almost all its shares in the SPDR Gold Trust and the iShares Gold Trust exchange-traded funds, Bloomberg reports, citing SEC data.
Gold later fell in 2011 as the dollar resumed its safe-haven status on sentiment that the U.S. economy was set to improve and somewhat decouple itself from Europe's woes.
Read more: Reversal of Fortune: Soros Said to Buy Gold Again Late Last Year
Important: Can you afford to Retire? Shocking Poll Results
10 January 2012
'Gold may break records and hit $2000/oz in 2012'
NEW YORK (Commodity Online): The year 2012 will be a grand year for gold, positioning the precious metal for its 11th straight year of gains, said Hunter Wise Commodities, a precious metal wholesale dealer firm. Although Gold prices have fallen 16 percent since reaching a record $1,900 an ounce in September, financial analysts across the globe predict that prices will sky rocket in the year ahead.
Why silver has hit rock bottom
P. Radomski
The new year started off with a bang with precious metals out-shining the competition. Is this a harbinger of things to come? We think so and we are not alone. Forecasts for Gold for 2012 include a price per ounce of $2,200 by Morgan Stanley, $2,050 by UBS, and $2,000 by Barclays.
There are some issues hanging over the economy in 2012 that will determine if the upcoming year will also be a disappointment.
To see what is likely to happen in the precious metals market in the nearest future, let's begin the technical part with the analysis of Silver (charts courtesy by http://stockcharts.com.)
Summing up, the situation in silver appears to be very bullish at this time based on the long-term indicators. Overall, the situation appears to be quite bullish since long-term indicators carry more weight than short-term signals.
Source: sunshineprofits
The new year started off with a bang with precious metals out-shining the competition. Is this a harbinger of things to come? We think so and we are not alone. Forecasts for Gold for 2012 include a price per ounce of $2,200 by Morgan Stanley, $2,050 by UBS, and $2,000 by Barclays.
There are some issues hanging over the economy in 2012 that will determine if the upcoming year will also be a disappointment.
To see what is likely to happen in the precious metals market in the nearest future, let's begin the technical part with the analysis of Silver (charts courtesy by http://stockcharts.com.)
Summing up, the situation in silver appears to be very bullish at this time based on the long-term indicators. Overall, the situation appears to be quite bullish since long-term indicators carry more weight than short-term signals.
Source: sunshineprofits
People Want More Coins, That's A Good Sign For The Economy
by David Kestenbaum
All the instability in the global economy this year has been good for the United States Mint. People in search of a safe place to put their money have been buying gold and silver coins in record numbers.
"Precious metal coins were up $800 million dollars last year and that's approximately thirty some percent," says Richard Peterson, deputy director of the Mint.
All the instability in the global economy this year has been good for the United States Mint. People in search of a safe place to put their money have been buying gold and silver coins in record numbers.
"Precious metal coins were up $800 million dollars last year and that's approximately thirty some percent," says Richard Peterson, deputy director of the Mint.
SilverDoctors: 2012 Silver Eagle Sales Nearly 4 Million for 1st W...
SilverDoctors: 2012 Silver Eagle Sales Nearly 4 Million for 1st W...: SD reported last Tuesday that the US Mint sold 3.2 million Silver Eagles for the first business day of 2012 . While many of these sales wer...
SilverDoctors: Jim Sinclair: A Big Surprise Coming in Next 48 Hou...
SilverDoctors: Jim Sinclair: A Big Surprise Coming in Next 48 Hou...: Jim Sinclair tells Ellis Martin that a big surprise is coming in the next 48 hours. With gold and silver screaming through major resistance...
SilverDoctors: Gold in 2012 to Average $2,050/oz and Will Reach $...
SilverDoctors: Gold in 2012 to Average $2,050/oz and Will Reach $...: Gold has risen for the first time in three days. Asian stocks and the euro also gained today before German Chancellor Angela Merkel meets ...
SilverDoctors: Gold Climbs Above 200 DMA, Silver Rallies $1
SilverDoctors: Gold Climbs Above 200 DMA, Silver Rallies $1: Gold has rallied nearly $30 to $1641.70 this morning, strongly through and above its 200 day moving average, which currently sits near $1630...
SilverDoctors: LME To Introduce LMEswaps For Hedging Metals Again...
SilverDoctors: LME To Introduce LMEswaps For Hedging Metals Again...: The investment world must be catching on to the issues regarding the bullion inventory or alleged lack thereof in the GLD and SLV. The LME ...
SilverDoctors: PSLV Premium to Net Asset Value Passes 34%!
SilverDoctors: PSLV Premium to Net Asset Value Passes 34%!: PSLV's premium to net asset value (NAV) reached 34.22% Monday! This means that should a PSLV shareholder decide to redeem their shares fo...
SilverDoctors: Ranting Andy Interview With Financial Survival Net...
SilverDoctors: Ranting Andy Interview With Financial Survival Net...: The Financial Survival Network today interviewed "Ranting Andy" Hoffman. Ranting Andy understands the precious metals manipulation as well...
SilverDoctors: US Tensions Increasing with China
SilverDoctors: US Tensions Increasing with China: (Reuters) - China's Ministry of Defence warned the United States on Monday to be "careful in its words and actions" after announcing a d...
SilverDoctors: 1 Million Ounces of Silver Withdrawn From JPM & Sc...
SilverDoctors: 1 Million Ounces of Silver Withdrawn From JPM & Sc...: Massive inventory continued in COMEX Silver warehouses Friday, with a large adjustment into Delaware's registered vaults, and over one milli...
SilverDoctors: Gasparino: Break-Up of CME on the Table
SilverDoctors: Gasparino: Break-Up of CME on the Table: Charlie Gasparino of FOX Business states that sources have told him that " a break-up of the CME is on the table " over the lack of CME regu...
90% of Dutch Gold Reserve Is Held Abroad
By Jaco Schipper
Saturday, January 7, 2012
Thursday night Knot gave a live interview to the television program "Nieuwsuur" in which he announced that about 40 percent of Dutch pensioners will soon face reduced pensions. Knot also argued for mortgage tax reduction to address the excessive indebtedness of Dutch households, which is about 120 percent of gross national product. Perhaps most interesting, Knot allowed "Nieuwsuur" to film in the central bank's vault, where the Dutch audience saw what is not there.
Based on the footage shown on Thursday and additional images found at the central bank's Internet site, we had already calculated that there are some 4,500 gold bars located in the bank's vault. Our calculation showed that there are at least 56 tons of gold stored in Amsterdam, possibly more, we speculated, in the form of gold coins. We proved to be not far off, as Friday night the definitive answer was given by Knot himself.
In a follow-up by "Nieuwsuur" Friday night (see below), Knot disclosed that some 67 tons of Netherlands government gold, worth 3 billion euros, is kept in Amsterdam. Knot acknowledged on camera that this is only a small portion of the Dutch gold reserve. For practical reasons, he said, most of the 612.5 tons of official gold reserve is held abroad, so that "if the Dutch central bank wants to sell some of its gold, we don't have to ship it."
Saturday, January 7, 2012
Thursday night Knot gave a live interview to the television program "Nieuwsuur" in which he announced that about 40 percent of Dutch pensioners will soon face reduced pensions. Knot also argued for mortgage tax reduction to address the excessive indebtedness of Dutch households, which is about 120 percent of gross national product. Perhaps most interesting, Knot allowed "Nieuwsuur" to film in the central bank's vault, where the Dutch audience saw what is not there.
Based on the footage shown on Thursday and additional images found at the central bank's Internet site, we had already calculated that there are some 4,500 gold bars located in the bank's vault. Our calculation showed that there are at least 56 tons of gold stored in Amsterdam, possibly more, we speculated, in the form of gold coins. We proved to be not far off, as Friday night the definitive answer was given by Knot himself.
In a follow-up by "Nieuwsuur" Friday night (see below), Knot disclosed that some 67 tons of Netherlands government gold, worth 3 billion euros, is kept in Amsterdam. Knot acknowledged on camera that this is only a small portion of the Dutch gold reserve. For practical reasons, he said, most of the 612.5 tons of official gold reserve is held abroad, so that "if the Dutch central bank wants to sell some of its gold, we don't have to ship it."
Subscribe to:
Posts (Atom)