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Archive for the ‘Gold’ Category

Rob McEwen sees $5,000 gold

Rob McEwen, who can almost be called a living legend in the gold mining industry, says gold prices may reach $5,000 an ounce – and as soon as 2012 but maybe not until 2014.  McEwen sees loss of faith...

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Posted by admin on January 13th, 2010

Category: Gold

IMF sells 200 tons of gold to India

In a move that the gold market did not anticipate, the IMF sold 200 tons of gold directly to India’s central. It was widely known–commented on on this blog February 12, 2008–that the IMF...

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Posted by admin on November 4th, 2009

Category: Gold

LCs increase gold short positions

My Sept. 7 post noted that gold had broken out from a consolidation triangle, a move that often forecasts still higher prices. And, higher prices we got, with gold hitting an intraday high just short of...

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Posted by admin on September 12th, 2009

Category: Gold

Gold breaks out

Readers of this blog mostly are long-term gold/silver investors who are not concerned with intermediate moves in gold/silver prices except to use dips in prices as opportunities to add to their positions....

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Posted by admin on September 7th, 2009

Category: Gold

Congress to approve IMF gold sales

As noted on this blog before, the IMF wants to sell gold to fund more international welfare programs but must have the approval of the US Congress before it can sell any gold. In a February 2008 post,...

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Posted by admin on June 3rd, 2009

Category: Gold

Northwestern Mutual buys gold

Spreading across the Internet like a wildfire is the Bloomberg release that “Northwestern Mutual Life Insurance Co., the third-largest U.S. life insurer by 2008 sales, has bought gold for the first...

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Posted by admin on June 1st, 2009

Category: Gold