Category: Home Combined News

Gold Forecasters Splitting on Peak for Bull Market: Commodities

Danske Bank A/S and Credit Suisse Group AG, the most-accurate gold forecasters, say prices will probably peak this year while their nearest rival, UniCredit SpA, sees no end in sight to the 12-year bull market. Gold will average $1,720 an

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Why One Gold Bull Thinks Recent Selloff Won’t Last

With gold hovering near a four-month low, even some of the yellow metal’s most ardent fans have begun to sweat. Just don’t count Euro Pacific Capital’s Peter Schiff among the Nervous Nellys. The perpetual bullion bull and sworn enemy of

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Good chance of gold appreciating, say experts

The competitive devaluation of major currencies has given gold a leg up. Earlier, a currency appreciated or depreciated against the dollar; now that’s changed to gold. The yen, euro and dollar are being continually debased by rounds of monetary easing

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Gold: Solution to the Banking Crisis

The Basel Committee on Banking Supervision is an exclusive and somewhat mysterious entity that issues banking guidelines for the world’s largest financial institutions. It is part of the Bank of International Settlements (BIS) and is often referred to as the

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Soros Buying Gold as Record Prices Seen on Stimulus

Gold’s 12-year rally, the longest in at least nine decades, is poised to continue in 2013 as central bank stimulus spurs investors from John Paulson to George Soros to accumulate the highest combined bullion holdings ever. The metal will rise

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7 Reasons Gold Prices Are Destined To Surge Over The Next Several Years

William Patalon: Our recent story on the secret return to the gold standard drew an interesting response from Money Morning readerJohn B., which I’ve paraphrased below. In response to the article, John wrote: “All this talk about buying gold. Where

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PRECIOUS-Gold near 3-week high; focus on U.S. “fiscal cliff”

* Shanghai Gold Exchange eyes interbank market launch * China’s Zijin sees gold output flat at 30 T in 2013 * Amplats threatens S. Africa strikers with sacking By David Brough LONDON, Nov 12 (Reuters) – Gold built further on

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PRECIOUS-Gold hits 3-week high on US fiscal concern

* Spot gold headed for 3.4-percent weekly rise * Spot gold may rise to $1,749/oz – technicals * Coming up: China, industrial output, retail sales, Oct; 0530 GMT (Updates prices) By Rujun Shen SINGAPORE, Nov 9 (Reuters) – Gold rose

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P.M. Kitco Metals Roundup: Gold Ends Higher, Near Daily High on Fresh Safe-Haven Demand

(Kitco News) – Comex gold prices ended the U.S. day session higher and near the daily high Thursday. Some fresh safe-haven demand is surfacing this week, amid concerns about the approaching U.S. “fiscal cliff” and about the European Union sovereign

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BHP Billiton Transferring Equipment in Ethiopia to Other Mining Companies

BHP Billiton is transferring the equipment it imported into the country through tax free privileges to other mining companies, after withdrawing from mining explorations in the country two months ago. The company will be retaining some of its larger equipment.