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Archive for the ‘Gold’ Category

Huge reduction in LCs’ net short position in gold

Most gold and silver investors are in precious metals because of macro (big picture) economic and financial circumstances in which the world now finds itself after seven decades of Keynesian economics...

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Posted by Bill Haynes on July 12th, 2010

Category: Gold

Saudi Arabia gold reserves double what previously reported

According to the World Gold Council, which tracks official gold bullion holdings, Saudi Arabia now holds gold reserves of 322.9 tons, more than double the 143 tons previously reported.  The Saudi central...

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Posted by Bill Haynes on June 22nd, 2010

Category: Gold

Central bank gold buying ramped up in 2009

 The World Gold Council recently updated its World Official Gold Holdings, as of March 2010.  These are the data that everyone cites when talking about “official” gold holdings.  The report raises...

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Posted by Bill Haynes on March 17th, 2010

Category: Gold, The Metals Markets

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 Bill Haynes 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 Bill Haynes 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 Bill Haynes on September 12th, 2009

Category: Gold