Free Republic

Gold Slumps More Than $85 To Two-Year LowGold futures fall, extending their dive into bear-market territory, and prices for industrial metal copper suffer following economic data from China that fall short of expectations. By Barbara Kollmeyer April 15, 2013 LONDON (MarketWatch) — Gold futures slumped more than $85 to their lowest level in over two years on Monday, as the metal dropped through key technical support levels, while the broader metals complex sank after disappointing Chinese data sparked worries of industrial metals demand. Gold for June delivery tumbled $87.40, or 5.8%, to $1,413.80 an ounce, but had dropped to as...

Gold And Silver Are Getting Hammered Again Joe WeisenthalApr. 14, 2013, 9:55 PM One of the big stories from last Friday was the sharp decline in gold and silver. And that's continuing today. Here's gold. It's now below $1460/oz. And here's silver. It's fallen below $25/oz.

Silver Prices, Inflation And Living With The Long TermM Commodities / Gold and Silver 2013Apr 12, 2013 - 03:53 PM GMT By: Dr Jeff Lewis Short term anxiety in the silver market tends to play into the hands of the mainstream financial media that loves to cherry-pick data in order to support the sentiment flavor of the day. This sentiment is normally biased against holding hard assets like silver, resulting in them being misunderstood or scorned. Furthermore, as the trading range for silver widens and awareness grows of silver as an investment vehicle, more people will have bought the metal...

(Kitco News) - Investors looking for a reason behind Friday’s dramatic selloff in gold should look no further than the European Central Bank and its president Mario Draghi, says Vince Lanci, managing partner at Cameron Hanover. During a press conference Friday, Draghi said that while Cyprus doesn’t have to sell its gold, any money that is raised from the sale must go towards covering the losses from the emergency loans to country’s banks. In Friday’s edition of Reset Lanci said, Draghi’s message was fairly clear “sell your gold or you are not going to get the money.” “That spurred a...

<p>CNBCs latest All-America Economic Survey of 800 Americans, showed that gold is the most preferred asset class among investors.</p> <p>35 percent think gold is the best investment as of March 2013, down from 37 percent last year. Real estate and stocks came in second and third respectively.</p>

SocGen: Gold Is Going To Tank To $1,375 This Year Mamta BadkarMarch 21, 2013Over the last 20-years, gold has shown zero correlation with stocks and bonds, and had therefore become a favorite in terms of diversifying the portfolio, according to Societe Generale. But SocGen analysts Alain Bokobza and Roland Kaloyan think "The Gold Rush Is Over". Gold is well off it's 52-week high of $1,802. And the analysts expects gold to fall 15 percent from its spot price to $1,375 per ounce by year end. This is more bearish than the consensus view which is 30 percent above SocGen's, with...

It’s Time to Sell Copper By Greg Guenthner 03/19/13Dr. Copper is crumbling. The versatile industrial metal best known as a bellwether for worldwide economic growth has finally hit the skids… I warned you last month that copper was fast approaching an important inflection point. Now, the Cyprus crisis was kind enough to tip copper over the edge. It fell hard in late Sunday trading from $3.50 to $3.44. The massacre continued into Monday. When the dust settled, copper found itself nearly a dime below critical support… Yet while the world economy appears poised for a slowdown, U.S. stocks continue to...

U.S. Government Investigation Of Gold Price Manipulation Commodities / Gold and Silver 2013March 15, 2013 - 04:16 PM GMT By: Midas Letter Yesterday, the Commodity Futures Trading Commission, the regulator who ostensibly regulates the banks and major financial institutions who participate in the futures and commodities trading business, announced they were going to examine whether prices are being manipulated in the “world’s largest gold market”, according to a story in the Wall Street Journal. For long time observers of the gold price and the fundamental and not-so-fundamental influences on its price movements, the announcement might have elicited a gasp of...

“Sorry, No Gold Today… We Sent It To China” By Addison Wiggin 03/11/13 “The central banks’ gold is likely gone, and the bullion banks that sold it have no realistic chance of getting it back” Eric Sprott tells us. He also says that these “bullion bank” intermediaries are probably turning around and selling their gold to China. China, by the way, is the mostly likely catalyst to set off the “zero hour” scenario we told you about on Friday…(Article is linked below) We’ve chronicled China’s ongoing gold grab here at Agora Financial — going all the way back to April...

The “Zero Hour” Scenario By Addison Wiggin 03/08/13 “Possession is nine-tenths of the law” —from a Scottish expression It’s a Sunday night. October 2013. Parents are making sure the kids’ homework is done. Football fans are settling in for the night’s NFL matchup. Reigning champs, Baltimore, are about to lose. And all hell is breaking loose in the precious metals markets. Moments before electronic trading opened at 6 p.m. EDT, Commodity Exchange Inc. — the Comex — announced it would settle a large gold contract in cash and not gold. To be blunt about it, the Comex has defaulted on...

GOLDMAN: The Gold Market Selloff Is About To Accelerate Matthew Boesler February 25, 2013, 3:57 PM Last week, gold came under heavy fire from the sellers. The shiny yellow metal fell below the $1600 mark for the first time in a while, and it even hit the "death cross" – a technical indicator formed when the 50-day average gold price dips below the 200-day average – indicating rapidly deteriorating sentiment. After all of that, gold is rebounding nicely today. Right now, it's trading up around 1.4 percent against the dollar at $1595 per ounce. Nonetheless, Goldman Sachs, which has put...

Against the Odds, Gold Slips Again By Greg Guenthner 02/13/13 I’ll cut right to the chase… Gold is set to drop to $1,550. The spot price briefly dipped below $1,640 early yesterday, posting new five-week lows. It rallied back above $1,650 by the end of the day — but the damage is done. After a weaker push last summer that failed to break $1,800, gold has consistently trended lower for more than four months. Yesterday’s brief breakdown is just advance notice that lower prices are in store for gold in the near future… Looking back over the past two years,...

How To Profit From A Potential Doubling In Copper Prices Commodities / CopperFebruary 06, 2013 - 08:30 AM GMT By: Daily Wealth "I think copper has at least 50% upside from today's price..." legendary analyst Adrian Day told me recently. "I wouldn't be surprised to see the price double by the end of the decade." When Adrian talks commodities, I listen... He's written his Global Analyst newsletter for over 25 years. At one time, it was one of the most popular investment letters in America, with over 60,000 subscribers. And for a decade now, he has focused on commodities for...

Harry Dent: Stock Market Roller Coasters And Bear Megaphones Stock-Markets / Stocks Bear MarketFebruary 02, 2013 - 06:57 PM GMT By: The Gold Report Booms and busts in the economy are based on predictable demographic cycles such as those studied by Harry Dent, founder of HS Dent, chairman of SaveDaily.com and author of "The Great Crash Ahead: Strategies for a World Turned Upside Down." In this Gold Report interview, Dent predicts a global crash between mid-2013 and early 2015, in an ongoing decade of economic coma. For now, gold and gold equities are great investments, but when the crash comes,...

Marc Faber "You Don't Own Gold And You Are In Great Danger" Commodities / Gold and Silver 2013Jan 31, 2013 - 08:06 PM GMT By: GoldCore Today’s AM fix was USD 1,674.50, EUR 1,234.88, and GBP 1,058.47 per ounce. Yesterday’s AM fix was USD 1,666.25, EUR 1,230.70, and GBP 1,057.20 per ounce. Silver is trading at $32.08/oz, €23.76/oz and £20.40/oz. Platinum is trading at $1,677.50/oz, palladium at $736.00/oz and rhodium at $1,200/oz.Cross Currency Table Gold rose $13.80 or 0.83% in New York yesterday and closed at $1,676.50/oz. Silver slipped to a low of $31.24 in the morning, but it then...

Rush To Safety: Americans Buy Nearly Half a Billion Dollars Of Gold and Silver In January Mac Slavo January 30th, 2013 While public officials may be ignoring the continued deterioration of our economy, job losses to the tune of hundreds of thousands of people weekly, and the unprecedented demand for government emergency support services like unemployment insurance and food assistance, Americans who sense uncertainty in the air are flocking to the safety of physical resources. Our first point of interest is a recent report from the Federal Reserve that indicates some $114 billion dollars in cash was withdrawn from the...

My Prediction For 2013…And Beyond By Chris Mayer 01/25/13 An old bit of advice says, “Never eat at a place called Mom’s or play poker with a man named Doc.” That’s a joke, but this isn’t: Never fall for an argument that says we’ll run out of some natural resource or bet on the “end” of cheap anything. Such views will cost you money in the long run. Let’s look at potash, a rock mined and processed to make fertilizers. This is a commodity that got exciting in 2008 and 2009 as the price ran from under $200 to $1,000...

Why Owning Gold Is Absolutely Essential – Charles Ponzi Meets Cassandra Commodities / Gold and Silver 2013Jan 21, 2013 - 05:12 PM By: DeviantInvestor One fine day on the streets of Washington D.C. the ghost of Charles Ponzi struck up a conversation with the ghost of Cassandra. He was a charming devil and assumed she would find him irresistible so he began with “It is ironic, I think, that I am a thief, while you see and speak the truth, but the people believe me and scorn you.” Cassandra was not impressed and replied, “It is true. Most people would...

GOLDMAN SACHS: BUY GOLD Matthew BoeslerJan. 18, 2013, 11:53 AM On Wednesday, Goldman Sachs upped the ante on its call that 2013 will mark the end of a long-running bull market in gold by introducing a new forecast: the bank's commodity strategists see the shiny yellow metal falling to $1200 per ounce by 2018. However, despite having a bearish 5-year forecast for gold prices, Goldman's 3-month forecast is actually quite bullish. In fact, strategists Damien Courvalin and Alec Phillips write in a note to clients today that they expect gold to reach $1825 per ounce over the next few months...

Dr. Copper’s Red Metal Elixir Byron King 01/09/13 Do you take diet or nutritional supplements? It could be as simple as popping an everyday vitamin pill from the many choices at the supermarket. Or perhaps you frequent one of those high-end stores where they have the super-duper top-shelf nutritional and homeopathic remedies. If you take these kinds of supplements, there are a couple of things that I’m sure you know. You won’t cure what ails you by just taking one pill once. And you could do yourself harm by swallowing an entire bottle of some otherwise “healthy” elixir. So what’s...