Opalesque Commodities Briefing » Bullion/Gold http://www.opalesque.com/Commodities_Briefing Wed, 22 May 2013 01:30:27 +0000 http://wordpress.org/?v=2.5.1 en NESDB chief: Gold price drop temporary http://www.opalesque.com/Commodities_Briefing/?p=125494 http://www.opalesque.com/Commodities_Briefing/?p=125494#comments Wed, 22 May 2013 01:28:52 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125494 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125494>Article Link</a> The decline in the global gold price will be only temporary and will rebound on speculation that Italy and other countries in Europe may have to sell gold reserves for debt repayment, the head of the NESDB said on Tuesday. National Economic and Social Development Board (NESDB) secretary general Arkom Tempitayapaisit said he disagrees with an analyst at a foreign bank who forecast that the gold price is now on a five-year downward trend and will fall below US$1,000 per ounce. The gold price on Tuesday evening in New York was $1,380.16 per ounce. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125494 What to make of falling gold prices http://www.opalesque.com/Commodities_Briefing/?p=125493 http://www.opalesque.com/Commodities_Briefing/?p=125493#comments Wed, 22 May 2013 01:28:31 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125493 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125493>Article Link</a> Gold is continuing to lose its luster. Last fall, gold was trading at nearly $1,800 per ounce. Last week, its price dipped below $1,400 per ounce. And as prices fall, a number of high-profile investors have moved toward the exits. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125493 Gold charts point to fresh trouble ahead with eyes on $1,100/oz http://www.opalesque.com/Commodities_Briefing/?p=125492 http://www.opalesque.com/Commodities_Briefing/?p=125492#comments Wed, 22 May 2013 01:28:18 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125492 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125492>Article Link</a> Gold’s recent slump could have much further to run, with a breach of its April low at $1,322 potentially setting up bigger losses towards levels not seen since mid-2010, chart analysts say. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125492 Gold price seen as still high despite big fall http://www.opalesque.com/Commodities_Briefing/?p=125491 http://www.opalesque.com/Commodities_Briefing/?p=125491#comments Wed, 22 May 2013 01:28:03 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125491 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125491>Article Link</a> Singapore government investment chief says it is difficult to justify the current value of the metal given its limited practical usage. While falling gold prices have sent a flood of Chinese housewives to Causeway Bay jewellery shops to hunt for bargains, Singapore’s top investment official has warned that the precious metal still looks overpriced. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125491 Robin Hood in reverse – gold being taken down to make the rich richer http://www.opalesque.com/Commodities_Briefing/?p=125490 http://www.opalesque.com/Commodities_Briefing/?p=125490#comments Wed, 22 May 2013 01:27:50 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125490 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125490>Article Link</a> The past week or three have been, to say the least, disappointing for precious metals investors. Gold and silver have continued to step downwards towards new interim lows as money continues to move from bullion (or at least from paper variations of it) to the general stock markets which have been continuing to perform well. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125490 Platinum buying quickens as gold allure diminishes: Commodities http://www.opalesque.com/Commodities_Briefing/?p=125488 http://www.opalesque.com/Commodities_Briefing/?p=125488#comments Wed, 22 May 2013 01:27:15 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125488 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125488>Article Link</a> At a time when diminishing faith in gold is spurring investors to sell record amounts of the metal, demand for platinum and palladium is strengthening as mining companies curb supply. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125488 Is the platinum sector imploding? http://www.opalesque.com/Commodities_Briefing/?p=125487 http://www.opalesque.com/Commodities_Briefing/?p=125487#comments Wed, 22 May 2013 01:27:00 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125487 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125487>Article Link</a> Investors in platinum stocks have dumped their shares in a panic over the last six weeks, fearing that the platinum sector is in terminal decline. Since April the sector has fallen by 20%, bringing the cumulative decline for the year to 30%. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125487 Is gold oversold? http://www.opalesque.com/Commodities_Briefing/?p=125471 http://www.opalesque.com/Commodities_Briefing/?p=125471#comments Tue, 21 May 2013 05:45:36 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125471 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125471>Article Link</a> Pessimism on gold is so extreme that sometimes even the bears worry it might be overdone. Today the price jumped a little more than 1 percent after news hit the wires that was perceived to be bullish: Moody’s Investors Service reported that U.S. policymakers must do something about the government debt to avoid a rating downgrade this year. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125471 Gold bear positions reach record as Soros cuts holdings http://www.opalesque.com/Commodities_Briefing/?p=125470 http://www.opalesque.com/Commodities_Briefing/?p=125470#comments Tue, 21 May 2013 05:45:19 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125470 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125470>Article Link</a> Hedge-fund managers are making the biggest ever bet against gold as billionaire George Soros sold holdings last quarter and Goldman Sachs Group Inc. predicted more declines after the longest slump in four years. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125470 Gold’s double bottom signals rally to $1,500 http://www.opalesque.com/Commodities_Briefing/?p=125469 http://www.opalesque.com/Commodities_Briefing/?p=125469#comments Tue, 21 May 2013 05:45:03 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125469 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125469>Article Link</a> Gold futures may rebound to $1,500 an ounce in June after hitting a “double bottom” yesterday, according to technical analysis by R.J. O’Brien & Associates. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125469 Why precious metals are taking a pasting http://www.opalesque.com/Commodities_Briefing/?p=125468 http://www.opalesque.com/Commodities_Briefing/?p=125468#comments Tue, 21 May 2013 05:44:49 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125468 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125468>Article Link</a> Gold is two tales in one metal. Most immediately, gold (like silver) is the story of renewed dollar strength as investors come to appreciate that the Federal Reserve’s lower-for-longer interest rate policy really does have a sell-by date. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125468 Gold pessimism grows as investors predict falls http://www.opalesque.com/Commodities_Briefing/?p=125458 http://www.opalesque.com/Commodities_Briefing/?p=125458#comments Fri, 17 May 2013 01:01:40 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125458 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125458>Article Link</a> Gold has the worst 12-month outlook among key commodities markets and could see falls over the coming months, according to a client survey from Credit Suisse. The survey, published yesterday and based on responses from a poll of around 185 Credit Suisse clients, showed that 60% of investors named gold as the commodity with the worst forecast when compared with copper, crude oil and corn. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125458 Gold seen crushed as Credit Suisse forecasts $1,100 in year http://www.opalesque.com/Commodities_Briefing/?p=125457 http://www.opalesque.com/Commodities_Briefing/?p=125457#comments Fri, 17 May 2013 01:01:35 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125457 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125457>Article Link</a> Gold, down 17% since January, is poised to lose 20% in a year as inflation fails to accelerate and with the worst risks to the global economy waning, Credit Suisse Group AG said. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125457 Why gold prices are going down http://www.opalesque.com/Commodities_Briefing/?p=125456 http://www.opalesque.com/Commodities_Briefing/?p=125456#comments Fri, 17 May 2013 01:01:00 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125456 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125456>Article Link</a> Gold investors are just not feeling the love, once again left to wonder why gold prices are going down. The yellow metal dipped again Thursday, with gold for June delivery ending down $10 at $1,386.10 an ounce. It was the sixth consecutive trading day of declines and marked a four-week low for the metal. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125456 India gold imports hit by new rule http://www.opalesque.com/Commodities_Briefing/?p=125455 http://www.opalesque.com/Commodities_Briefing/?p=125455#comments Fri, 17 May 2013 01:00:46 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125455 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125455>Article Link</a> A recent central bank order allowing only jewelry exporters to use bank credit lines has hit gold imports, traders said Thursday. “Hardly any new bullion imports are coming through banks. Only consignments ordered before the new rule are coming through,” Suresh Hundia, former president of the Bombay Bullion Association and a bullion dealer, told The Wall Street Journal. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125455 George Soros did it and gold slid http://www.opalesque.com/Commodities_Briefing/?p=125454 http://www.opalesque.com/Commodities_Briefing/?p=125454#comments Fri, 17 May 2013 01:00:36 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125454 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125454>Article Link</a> The kind of leverage that billionaire investor George Soros has on the psyche of investors is beyond comparison. When he buys gold investors too, when he sells gold investors too. Actions of George Soros heralds the fortunes of gold; in other words, gold’s future is wedded to Soros’ investment decisions. At least that is how it is in the present conditions. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125454 Why Peter Grandich is still telling his wife gold will hit $2,000/oz http://www.opalesque.com/Commodities_Briefing/?p=125453 http://www.opalesque.com/Commodities_Briefing/?p=125453#comments Fri, 17 May 2013 01:00:34 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125453 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125453>Article Link</a> A year ago, the technical picture suggested that the market was coming to a major change that could have been several hundred dollars up or down. My brain said it could be down, but my heart said up and I stuck with my heart. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125453 What’s next for the silver price? http://www.opalesque.com/Commodities_Briefing/?p=125452 http://www.opalesque.com/Commodities_Briefing/?p=125452#comments Fri, 17 May 2013 00:59:16 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125452 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125452>Article Link</a> Looking back at the articles I’ve written about silver over the years, if there’s one theme that keeps recurring, it’s the word: ‘frustrating’. Silver can meander about and do nothing for years. Then, when your back’s turned, it’ll suddenly spike to unheard-of levels, making its owners rich. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125452 Silver prices could decline to $24/oz this year—CPM Group http://www.opalesque.com/Commodities_Briefing/?p=125451 http://www.opalesque.com/Commodities_Briefing/?p=125451#comments Fri, 17 May 2013 00:59:11 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125451 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125451>Article Link</a> New York-based commodities research consultants, CPM Group, forecast that silver prices will weaken further this year, “weighed down primarily by the increased price sensibility among investors.” “Prices could potentially decline as low as $24 during the year,” CPM warned in its Silver Yearbook 2013, which was made public Thursday. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125451 Gold ETF assets plunge as Soros dumps GLD holdings http://www.opalesque.com/Commodities_Briefing/?p=125448 http://www.opalesque.com/Commodities_Briefing/?p=125448#comments Fri, 17 May 2013 00:56:38 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125448 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125448>Article Link</a> Nearly 180 metric tons of bullion flowed out of gold ETFs in the first quarter as notable investors including George Soros dumped their positions in SPDR Gold Shares and other precious metal funds amid a pullback in prices. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125448 Soros leads gold-stake cuts before bear market drop http://www.opalesque.com/Commodities_Briefing/?p=125433 http://www.opalesque.com/Commodities_Briefing/?p=125433#comments Thu, 16 May 2013 01:00:06 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125433 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125433>Article Link</a> Billionaire investor George Soros joined Northern Trust Corp. and Blackrock Inc. in cutting holdings of exchange-traded products backed by gold before a bear market in prices last month, while John Paulson maintained a stake that lost about $165 million in the first quarter. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125433 Could an oil rally fuel gold prices? http://www.opalesque.com/Commodities_Briefing/?p=125412 http://www.opalesque.com/Commodities_Briefing/?p=125412#comments Wed, 15 May 2013 01:31:40 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125412 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125412>Article Link</a> Jim Rogers recently said in an interview to Morningstar, that he is not disturbed by the recent tumble in gold prices. “Gold had gone up 12 years in a row, without a down year, which is extremely unusual in any asset. Equally important, gold has only had one 30% correction in 12 years. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125412 Akshaya Tritiya: India’s gold retail sales up by at least 15pct http://www.opalesque.com/Commodities_Briefing/?p=125411 http://www.opalesque.com/Commodities_Briefing/?p=125411#comments Wed, 15 May 2013 01:31:21 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125411 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125411>Article Link</a> Gold lost its sheen on the auspicious Akshaya Tritiya day by falling nearly Rs 400 but retail purchase got a boost with jewellers saying sales recording at least 15 percent growth. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125411 Diamonds: A better haven than gold? http://www.opalesque.com/Commodities_Briefing/?p=125410 http://www.opalesque.com/Commodities_Briefing/?p=125410#comments Wed, 15 May 2013 01:31:04 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125410 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125410>Article Link</a> Are diamonds an investor’s best friend? The collapse of gold prices earlier this spring seems to have been met with a kind of muted elation from those promoting the idea that diamonds, like the precious metal, could become a recognized asset class and another form of haven investment. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125410 When will the gold bull resume? http://www.opalesque.com/Commodities_Briefing/?p=125409 http://www.opalesque.com/Commodities_Briefing/?p=125409#comments Wed, 15 May 2013 01:30:48 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125409 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125409>Article Link</a> While gold has seen a decent rebound, silver and the mining shares (the more speculative side of the complex) have failed to sustain any rebound despite tremendously supportive sentiment amid an extreme oversold condition. Is the failure to rebound bearish? Not really. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125409 Used gold supply heads for ’08 low as sellers balk: Commodities http://www.opalesque.com/Commodities_Briefing/?p=125398 http://www.opalesque.com/Commodities_Briefing/?p=125398#comments Tue, 14 May 2013 04:09:14 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125398 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125398>Article Link</a> Consumers will sell the least used gold in five years after prices tumbled into a bear market, curbing a source of metal that typically accounts for about one in every three ounces of global supply. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125398 Thank god gold prices are falling http://www.opalesque.com/Commodities_Briefing/?p=125397 http://www.opalesque.com/Commodities_Briefing/?p=125397#comments Tue, 14 May 2013 04:08:59 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125397 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125397>Article Link</a> How many of us would like to walk into a shopping mall holding several grams of gold in the pocket to buy a packet of soap or other daily necessities? This is quite possible if paper currency loses its significance or value. But why would that happen and what does it have to do with gold prices? (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125397 Silver prices: The best is yet to come http://www.opalesque.com/Commodities_Briefing/?p=125396 http://www.opalesque.com/Commodities_Briefing/?p=125396#comments Tue, 14 May 2013 04:08:44 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125396 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125396>Article Link</a> I find myself reminiscing about April 2011 when the white metal ended the month at a sterling $48.70 an ounce after hitting an all-time intraday high of $49.51. That record surpassed the previous high of $49.45 set three decades earlier when the Texan Hunt brothers set out to corner the silver market. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125396 Gold ETFs fuel selling as prices try to hold $1,400 http://www.opalesque.com/Commodities_Briefing/?p=125394 http://www.opalesque.com/Commodities_Briefing/?p=125394#comments Tue, 14 May 2013 04:08:14 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125394 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125394>Article Link</a> Physically-backed gold exchange traded funds are used by investors as an easy alternative to buy the metal within the equities markets. However, the innovation in ETFs can also add to the selling pressure on gold. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125394 Gold bears pull $20.8 bln as BlackRock says buy: Commodities http://www.opalesque.com/Commodities_Briefing/?p=125389 http://www.opalesque.com/Commodities_Briefing/?p=125389#comments Mon, 13 May 2013 00:27:08 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125389 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125389>Article Link</a> Hedge funds increased bets on lower gold prices after investors pulled a record $20.8 billion from bullion funds this year while BlackRock Inc. (BLK), the world’s biggest money manager, said it’s still bullish. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125389 Gold price falls to $1,420/oz: Dubai sees massive surge in bullion demand http://www.opalesque.com/Commodities_Briefing/?p=125385 http://www.opalesque.com/Commodities_Briefing/?p=125385#comments Mon, 13 May 2013 00:25:53 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125385 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125385>Article Link</a> Dubai demand for gold has been witnessing a massive surge since the price collapse of last month, with demand far outstripping supply. Various estimates suggest that demand in the past few weeks has been nothing short of astronomical, surging by 10 times the normal demand. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125385 Split views on gold price direction next week — Survey participants http://www.opalesque.com/Commodities_Briefing/?p=125384 http://www.opalesque.com/Commodities_Briefing/?p=125384#comments Mon, 13 May 2013 00:25:37 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125384 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125384>Article Link</a> Survey participants are divided on the price outlook for gold next week, with no one group capturing the majority of opinions, although nominally more participants see weaker prices. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125384 Gold price falls to $1,420/oz: Dubai sees massive surge in bullion demand http://www.opalesque.com/Commodities_Briefing/?p=125381 http://www.opalesque.com/Commodities_Briefing/?p=125381#comments Mon, 13 May 2013 00:24:46 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125381 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125381>Article Link</a> Dubai demand for gold has been witnessing a massive surge since the price collapse of last month, with demand far outstripping supply. Various estimates suggest that demand in the past few weeks has been nothing short of astronomical, surging by 10 times the normal demand. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125381 Gold bullion “could retest $1322″, Central Banks “primed to pull trigger” on more monetary easing http://www.opalesque.com/Commodities_Briefing/?p=125380 http://www.opalesque.com/Commodities_Briefing/?p=125380#comments Mon, 13 May 2013 00:24:29 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125380 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125380>Article Link</a> Gold bullion fell to a two-week low Friday, drifting lower towards $1440 an ounce during this morning’s London session before dropping sharply through that level, as stocks gained and most commodities fell as the Dollar strengthened against major currencies. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125380 Really real rates vs. gold http://www.opalesque.com/Commodities_Briefing/?p=125379 http://www.opalesque.com/Commodities_Briefing/?p=125379#comments Mon, 13 May 2013 00:24:12 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125379 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125379>Article Link</a> Gold attracts investment capital when other asset classes fail to deliver. So now equities have clearly regained their appeal after more than a decade of what finance professionals would rather we called “sub-optimal” returns, gold investing has lost its urgency for money managers. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125379 Silver: Look out above? http://www.opalesque.com/Commodities_Briefing/?p=125378 http://www.opalesque.com/Commodities_Briefing/?p=125378#comments Mon, 13 May 2013 00:23:53 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125378 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125378>Article Link</a> It seems that everyone “knows” that silver is going lower. In fact, almost all of mainstream media is certain that lower levels are going to be seen in the metals. But, when everyone in the mainstream is so certain about lower levels, it is usually the time for the market to shake them out of that notion, just before it proves them right. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125378 Is silver being manipulated? http://www.opalesque.com/Commodities_Briefing/?p=125377 http://www.opalesque.com/Commodities_Briefing/?p=125377#comments Mon, 13 May 2013 00:23:38 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125377 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125377>Article Link</a> After a recent article I wrote about the potential of a silver bubble, I got a question about the behavior of JPMorgan Chase with regard to the silver market, specifically the allegation that the bank was actively involved in manipulating the silver market through a sizable short position. The basis of the question seemed to be a request to bring forth the issue and address how silver was trading as a result of JPMorgan’s activity and within the context of the global economy in general. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125377 ETF slump sets in after gold rush http://www.opalesque.com/Commodities_Briefing/?p=125373 http://www.opalesque.com/Commodities_Briefing/?p=125373#comments Mon, 13 May 2013 00:21:43 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125373 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125373>Article Link</a> A reversal of the recent exodus from gold exchange-traded funds is unlikely for some time, according to market experts. Net outflows in commodity ETFs of $9.3bn in April marked the biggest monthly exit by investors from the asset class in its 10-year lifespan, according to a BlackRock report this month. The outflows almost doubled the previous record of $5.2bn, set in February. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125373 Gold traders divided amid worst ETP rout since ’04: Commodities http://www.opalesque.com/Commodities_Briefing/?p=125360 http://www.opalesque.com/Commodities_Briefing/?p=125360#comments Fri, 10 May 2013 03:12:36 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125360 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125360>Article Link</a> Gold traders are divided on whether surging demand for jewelry and bullion coins will sustain the rally in prices as a slump in holdings through exchange-traded products extends to the longest in more than eight years. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125360 The real reason gold price fell http://www.opalesque.com/Commodities_Briefing/?p=125346 http://www.opalesque.com/Commodities_Briefing/?p=125346#comments Thu, 09 May 2013 03:22:01 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125346 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125346>Article Link</a> Things are upside down in the gold market. Valuations are irrationally low, while global consumerism fuels demand and supply comes up short. Lawrence Roulston, editor and publisher of Resource Opportunities, advises people to trust their guts as well as the numbers when weeding through prospective investments. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125346 Declines in gold prices are not over yet http://www.opalesque.com/Commodities_Briefing/?p=125335 http://www.opalesque.com/Commodities_Briefing/?p=125335#comments Wed, 08 May 2013 02:24:16 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125335 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125335>Article Link</a> These past few weeks it seems like paper gold is out and physical gold is in. The fall in the price of gold has triggered a new run on physical gold that shows no sign of abating. Record amounts of money have exited ‘paper,’ i.e. futures and ETFs, and headed straight to the bank or the mint to be exchanged for coins and bullion bars — that is, if one can get them. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125335 Gold may get a break if Paulson, other big funds are flushed out http://www.opalesque.com/Commodities_Briefing/?p=125334 http://www.opalesque.com/Commodities_Briefing/?p=125334#comments Wed, 08 May 2013 02:24:02 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125334 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125334>Article Link</a> John Paulson’s Gold Fund lost 27% in April, according to a report on Bloomberg Tuesday, citing someone familiar with the matter. That’s a chunk of change, and explains why the SPDR Gold fund GLD keeps heading south, says Tyler Durden over at ZeroHedge. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125334 RBI curb on gold import likely to raise bullion prices http://www.opalesque.com/Commodities_Briefing/?p=125333 http://www.opalesque.com/Commodities_Briefing/?p=125333#comments Wed, 08 May 2013 02:23:39 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125333 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125333>Article Link</a> Even though gold is said to have entered a bearish phase there is no respite for Indian consumers. They may end up paying more for the yellow metal if the RBI’s recent move to restrict banks’ bullion imports becomes effective. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125333 Silver holds no charm for Indian buyers even at lower price http://www.opalesque.com/Commodities_Briefing/?p=125332 http://www.opalesque.com/Commodities_Briefing/?p=125332#comments Wed, 08 May 2013 02:23:19 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125332 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125332>Article Link</a> Silver in India, the poor man’s gold, is witnessing a reverse trend compared to the world market where a slump in silver prices has spurred demand. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125332 Why Wall Street is unmoved by global gold fever http://www.opalesque.com/Commodities_Briefing/?p=125318 http://www.opalesque.com/Commodities_Briefing/?p=125318#comments Tue, 07 May 2013 03:34:57 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125318 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125318>Article Link</a> Gold-buying fever continued unabated among the untutored masses worldwide last week. Imports to India, the biggest gold consumer by far, were running at five times average levels, according to investment bank UBS. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125318 I’m still buying gold, and I will never sell my gold: Marc Faber http://www.opalesque.com/Commodities_Briefing/?p=125317 http://www.opalesque.com/Commodities_Briefing/?p=125317#comments Tue, 07 May 2013 03:34:43 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125317 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125317>Article Link</a> Behind the recent gold crash is no central bank manipulation, at least that is what one can gather from the words of the contrarian investor and the author of ‘The Gloom, Boom, & Doom report’, Marc Faber. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125317 Barclays forecasts Q2, 2013 price of Gold at $1350/oz; 2013 price at $1483 http://www.opalesque.com/Commodities_Briefing/?p=125316 http://www.opalesque.com/Commodities_Briefing/?p=125316#comments Tue, 07 May 2013 03:34:30 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125316 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125316>Article Link</a> Barclays, in its latest report on gold has projected Q2 13 price of gold at $1350/oz and 2013 price at $1483/oz. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125316 Gold and silver: Sentiment reversal is inevitable http://www.opalesque.com/Commodities_Briefing/?p=125315 http://www.opalesque.com/Commodities_Briefing/?p=125315#comments Tue, 07 May 2013 03:34:16 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125315 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125315>Article Link</a> The usefulness of sentiment’s stealth crystal ball is about to be revealed to the litany of unsuspecting precious metal bears and skeptics who have convinced themselves that gold’s bull market is either over or, at the minimum, in need of lengthy ongoing retesting, restructuring and consolidation. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125315 What if silver and gold investors are wrong? http://www.opalesque.com/Commodities_Briefing/?p=125314 http://www.opalesque.com/Commodities_Briefing/?p=125314#comments Tue, 07 May 2013 03:33:58 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125314 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125314>Article Link</a> The recent declines in the gold and silver markets have prompted some soul searching among even the more dedicated precious metals investors. A rational investment approach would involve considering the likelihood of various scenarios that could hurt precious metal prices even further. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125314 Silver demand for investment falls over 80pct in 2012 http://www.opalesque.com/Commodities_Briefing/?p=125313 http://www.opalesque.com/Commodities_Briefing/?p=125313#comments Tue, 07 May 2013 03:33:47 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125313 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125313>Article Link</a> While gold might be losing shine due to falling prices, silver had dimmed last year itself. Demand and imports into India fell 80 per cent in 2012. The fall in demand has a direct reflection on import, though India produces sizable silver, unlike gold where the country is totally import-dependent. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125313 The best-performing precious metal just got even better http://www.opalesque.com/Commodities_Briefing/?p=125312 http://www.opalesque.com/Commodities_Briefing/?p=125312#comments Tue, 07 May 2013 03:33:29 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125312 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125312>Article Link</a> This may be the best time in more than a decade to invest in palladium. Normally known for its volatility, the white metal is about to enter a period unlike anything the precious metals sector has ever seen. Most folks don’t know it, but palladium is 30 times more rare than gold. And worse yet, 80% of the globe’s supply comes from just two countries – South Africa and Russia. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125312 The oil and gold booms are over http://www.opalesque.com/Commodities_Briefing/?p=125306 http://www.opalesque.com/Commodities_Briefing/?p=125306#comments Mon, 06 May 2013 02:01:14 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125306 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125306>Article Link</a> The wreckage caused by China’s great, juddering slowdown continues to spread far beyond the country’s shores. Although most commodities enjoyed a bounce on May 3, after better-than-expected U.S. employment data, the plunge in their prices over the past few months suggests the past decade’s rally is truly broken. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125306 Gold bulls split with Buffett as traders say sell: Commodities http://www.opalesque.com/Commodities_Briefing/?p=125299 http://www.opalesque.com/Commodities_Briefing/?p=125299#comments Mon, 06 May 2013 01:59:21 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125299 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125299>Article Link</a> Hedge funds increased bets on a gold rally by the most in three weeks as central banks signaled no end to economic stimulus, driving prices higher just as analysts and traders turned the most bearish in three years. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125299 Gold traders most bearish in three years after drop http://www.opalesque.com/Commodities_Briefing/?p=125298 http://www.opalesque.com/Commodities_Briefing/?p=125298#comments Mon, 06 May 2013 01:59:05 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125298 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125298>Article Link</a> Gold traders are the most bearish in three years after investors sold a record amount of the yellow metal held in exchange-traded products (ETPs) and prices tumbled in a bear market. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125298 Gold price seen plunging to $1 200/oz over coming year http://www.opalesque.com/Commodities_Briefing/?p=125278 http://www.opalesque.com/Commodities_Briefing/?p=125278#comments Fri, 03 May 2013 03:15:36 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125278 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125278>Article Link</a> The gold price is expected to continue falling to as low as $1 200/oz over the next year, after what seemed to be an unstoppable climb over the past 12 years, says investment company Rezco Asset Management investment director Rob Spanjaard. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125278 The great gold redemption http://www.opalesque.com/Commodities_Briefing/?p=125277 http://www.opalesque.com/Commodities_Briefing/?p=125277#comments Fri, 03 May 2013 03:15:21 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125277 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125277>Article Link</a> The most puzzling part of the investment business is seeing how the vast and largely economically illiterate masses interpret any given piece of news. Take the recent gold selloff: Many large players were motivated to sell by news that Cyprus will have to liquidate its gold stockpiles to pay off acute debt obligations. But just a moment’s reflection shows this reaction to be knee-jerk. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125277 Silver in a weak economy http://www.opalesque.com/Commodities_Briefing/?p=125276 http://www.opalesque.com/Commodities_Briefing/?p=125276#comments Fri, 03 May 2013 03:15:08 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125276 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125276>Article Link</a> Silver in general is standing at a very interesting position, as it’s poised to break out in the short term, while at the same time a weakening economy will play havoc with the precious metal over time. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125276 5 drivers that will launch silver prices above $100 http://www.opalesque.com/Commodities_Briefing/?p=125275 http://www.opalesque.com/Commodities_Briefing/?p=125275#comments Fri, 03 May 2013 03:14:54 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125275 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125275>Article Link</a> Make no mistake: The April sell-off in gold created some extensive “collateral damage” in the silver market. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125275 Platinum market shifts to deficit, first time in 7 years http://www.opalesque.com/Commodities_Briefing/?p=125274 http://www.opalesque.com/Commodities_Briefing/?p=125274#comments Fri, 03 May 2013 03:14:11 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125274 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125274>Article Link</a> Labour disruptions in South Africa pushed the platinum market into a narrow deficit in 2012, for the first time in seven years, Thomson Reuters GFMS said on Thursday. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125274 Physical gold rush follows April price declines http://www.opalesque.com/Commodities_Briefing/?p=125260 http://www.opalesque.com/Commodities_Briefing/?p=125260#comments Thu, 02 May 2013 03:22:58 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125260 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125260>Article Link</a> Gold’s sharp decline, which saw the metal fall to $1,321 on April 16, led to a global surge in physical demand. But some market participants question whether this appetite and the upward price moves are sustainable. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125260