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Archive for June, 2007

Housing bond market set to collapse?

Investors following the housing and the bond markets will find Ambrose Evans-Pritchard’s “Banks set to call in a swathe of loans” an interesting, if not frightening, read. “The...

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Posted by Bill Haynes on June 27th, 2007

Category: Money Markets

LCs reduce long dollar position

When I woke to lower metal prices this morning, I was somewhat taken aback. I had just read Gene Arensberg’s report on the huge reduction in the large commercials’ long position in the dollar....

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Posted by Bill Haynes on June 26th, 2007

Category: Gold

Lunar Series closing date extended

Three months ago, CMIGS posted an article about The Perth Mint’s plans to close its Lunar Series. At that time, final orders for the Series were to be taken the last week in June. Now, final orders...

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Posted by Bill Haynes on June 25th, 2007

Category: Perth Mint Lunar Series

Swiss gold sales get more press

The Swiss National Bank announcement that it will be selling 250 tons of gold over the next two years continues to get a lot of press. However, the gold market is treating the news with disdain. Overnight...

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Posted by Bill Haynes on June 18th, 2007

Category: Gold

Swiss to sell 250 tons of gold

The Swiss National Bank, Switzerland’s central bank, just announced plans to sell 250 metric tons of gold over the next two years. The gold market reacted with a yawn, actually posting higher prices...

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Posted by Bill Haynes on June 14th, 2007

Category: Gold

European Central Bank discloses gold sales

Friday the European Central Bank (ECB) announced that it had sold 37 tons of gold and that together with the sales of 23 tons completed in November 2006 it had sold 60 tons this year. Sixty tons (1,929,060...

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Posted by Bill Haynes on June 5th, 2007

Category: Gold