Tag Archives: Precious Metals

Dubai to Add Spot Gold Contract

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“About a quarter of all the physical gold traded around the world already passes through Dubai, the commercial hub of the United Arab Emirates, but DGCX, as the exchange is known, is looking to continue expanding this trade, which has grown from $6 billion in 2003 to $70 billion last year, according to data from the Dubai Multi Commodities Centre. This is part of a trend that is seeing the volume of gold passing through established gold-trading venues in the West—London, New York and Zurich—gradually shifting eastward, to Dubai, Singapore, Hong Kong and Shanghai.  Souks are still hives of gold-trading activity in Dubai, which boasts around 300 gold retailers.”

http://blogs.wsj.com/moneybeat/2013/10/29/dubai-to-add-spot-gold-contract/

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Do QE Markets Validate A Buy And Hold Strategy?

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“Classical measures of value have been destroyed. It is very difficult to find true price discovery or a reasonable degree of certainty about these markets except that they are artificial and fragile, susceptible to infection from myriad sources. Though equity trends strongly ascend, the ascent is not based on increasing revenues but liquidity that equals debt. In this context, if one ‘buys the market’ one is betting on continuing QE and an absence of crises that have lingering effects. While QE is likely to continue so long as policy-makers prefer to keep the markets climbing, geopolitical, fiscal or economic crises are nascent, ready to burst into flame.”

http://seekingalpha.com/article/1776642-do-qe-markets-validate-a-buy-and-hold-strategy

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Picking Winners in a Field of Losers

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“It’s a good thing when a product you like goes on sale. It’s an even better thing when something previously too expensive for your budget goes on sale and becomes affordable. Also, the best of these companies have cash in the bank and continue advancing their projects, adding value as they go, regardless of the market’s fluctuations. There are companies on the verge of substantially adding to their resources in the ground. I can think of one or two that are close to doubling their deposits, if not more. There are companies that have assets their larger neighbors need. I can think of one offhand that will almost certainly be taken over at a premium for current shareholders.”

http://www.millersmoney.com/money-weekly/picking-winners-in-a-field-of-losers

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How to Make $15.6 Million, Risk-Free

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“You can buy CDSs without owning the underlying bond, which is essentially a speculation that McDonald’s will default on that bond.  Unless, of course, you have influence over the fast-food giant’s management. Then it’s not a speculation at all. It’s a can’t-lose trade.  That’s what Blackstone did. It took out an insurance policy on Codere, persuaded it to default, then collected $15.6 million in payouts. There was never a chance Blackstone would lose money on this arrangement. It was literally a risk-free trade.”

http://www.caseyresearch.com/cdd/how-to-make-15.6-million-risk-free

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Doug Casey & Jim Rogers Legendary Investors’ Roundtable

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“Jim and Doug discuss today’s world economic and financial situation within the context of financial history and past financial panics.  Jim and Doug talk about central planning, central banking, big government and how governments have only 3 real options to raise money.  Next, Jason asks Doug and Jim about competing currencies like Bitcoin, gold and silver and whether they will be allowed under any circumstance.  Jason asks Jim and Doug about the turmoil in the currency and bonds markets.  Doug and Jim also talk about commodities like farmland, cattle, gold and other natural resource investing opportunities.
Jim Rogers was in Singapore and Doug Casey was in Argentina.”

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Russia’s first gold exchange-traded fund lists on Moscow bourse

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“Investment management firm FinEx Group and the Moscow Exchange said they had launched Russia’s first gold-backed exchange-traded fund as part of a bid to turn Moscow into an international financial centre.  The FinEx Physically Held Gold ETF fund, which has been listed on the Irish Stock Exchange and cross-listed on the Moscow Exchange, tracks the gold price as calculated using the London Gold Fixing Price, FinEx said.  Shares will be available in U.S. dollars and roubles, it added.”

http://www.reuters.com/article/2013/10/17/gold-russia-etf-idUSL6N0I71OM20131017

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Silver’s Message: The Bull Is Alive and Well

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“Your honor, the evidence clearly suggests that the bull market in precious metals is far from over—in spite of the mainstream media ignoring the strong trends underpinning this market. If it were time to exit this industry, we wouldn’t see SLV holders refusing to sell, Indians buying record amounts of silver, and retail investors hoarding silver bullion at historic levels.  The silver price has not responded to this undercurrent of activity yet, but the ongoing stampede for silver clearly signals many investors around the world believe there is strong reason to continue buying precious metals.”

http://www.caseyresearch.com/cdd/silvers-message-the-bull-is-alive-and-well

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7 Reasons Why Gold Prices Are Poised to Take Off Again

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“I could rattle off one bullish fundamental after another. But there are some technical reasons I must highlight as well.  Gold is now more oversold than at any other time since 1985. Simply take a look at the bottom of this chart. It shows the rolling returns of an investment in gold since 1981. The recent bear market, which I pegged, is gold’s worst performance since 1985 and also represents a hugely oversold condition. One that is essential to lead to a huge move in the opposite direction ― up.”

http://www.moneyandmarkets.com/7-reasons-why-gold-prices-are-poised-to-take-off-again-55590

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Gold Seen Slumping to Four-Year Low By ‘Most Accurate’ Bearish Forecasters

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“The metal will decline to an average of $1,175 an ounce in the third quarter next year, or 11 percent less than now, according to the median of estimates from the 10 most-accurate precious metals analysts tracked by Bloomberg over the past two years. Prices were last at that level in 2010.  The forecasts underscore how some investors lost faith in gold as a store of value, driving prices to their first annual loss in 13 years. More than $63 billion was erased from the value of gold-backed funds this year, spurring losses for billionaire hedge-fund manager John Paulson, and mining companies announced at least $26 billion of writedowns.”

http://www.bloomberg.com/news/2013-10-16/gold-slumping-to-four-year-low-for-best-forecasters-commodities.html

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India arrests man caught smuggling gold bars in cellphone

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“The Air Intelligence Unit (AIU) arrested a passenger for attempting to smuggle gold through Mumbai airport on Saturday. The passenger, Ibrahim Khaleel, was carrying four gold bars worth Rs 48 lakh. Two of the bars were concealed in his mobile phone in place of the battery. The other two were found in his bag.  Khaleel landed in Mumbai from Riyadh by a Jet Airways flight. Just as he was trying to clear Customs through the green channel, AIU officials intercepted him on suspicion and asked for a thorough check.”

http://articles.timesofindia.indiatimes.com/2013-09-30/mumbai/42535018_1_aiu-bars-air-intelligence-unit

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