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The US Mint said on Wednesday it will suspend sales of the popular American Eagle 1-ounce bullion coins as rising demand depleted its inventory. "The United States Mint has depleted its current inventory of 2009 American Eagle 1-ounce
The International Monetary Fund said Wednesday it had sold 10 tonnes of gold to Sri Lanka's central bank for $375 million as part of a restructuring of IMF financial resources. It was the third IMF sale of gold in a month as the Washington-based ins
Gold prices hit record highs above $1,180 an ounce in Europe on Wednesday, boosted by the euro's move through $1.50 against the dollar and by a report that India may consider buying more bullion from the IMF. Spot gold hit a high of $1,182.70 an o
Gold jumped to a record price as the slumping dollar boosted bullion’s appeal as an alternative asset. Silver also gained. Gold futures touched an all-time high of $1,174 an ounce in New York, after the dollar fell as much as 0.9 percent against t
Gold hit a record high at $1,167.45 an ounce on Monday as dollar weakness pushed the metal through key technical resistance levels, fuelling momentum buying after the metal's sharp run higher earlier this month. Spot gold was bid at $1,165.45 an o
The amount of “salted tungsten” gold bars in question was allegedly between 5,600 and 5,700 – 400 oz – good delivery bars [roughly 60 metric tonnes].
Demand for gold coins and bars, already strong as the price of gold sets records, could rise as the US Mint is set to resume selling certain types of gold coins Dec. 3. Last year, the Mint had to halt sales of half, quarter- and tenth-ounce coins
Gold rose to record highs above $1,150 an ounce on Wednesday as the dollar index languished, boosting interest in the metal as an alternative asset, after largely benign U.S. inflation data. The metal is likely to break through to further highs in co
Gold traders have their eyes on two non-confirmations that so far have refused to "answer" gold's push to new all time nominal highs -- the relative price of silver to gold and the performance to the equities of mining companies. Silver is lagging
Mauritius bought 2 metric tons of gold from the International Monetary Fund, underscoring a drive by central banks to boost holdings as the precious metal trades near a record and the dollar slumps. The $71.7 million sale to the
"Yes, I should be selling at the top, but I don't think this is the top. Gold, adjust it for inflation back in 1980, gold should be over $2k an oz. right now. In my view, in this bull market in commodities gold will make all new highs adjust for infl
The dollar fell on Monday as China accused the US of increasing protectionism and following unexpectedly strong Japanese economic growth figures, pushing gold prices to a record high point of $1,133.20 dollars an ounce.
The free market always wins. Eventually the free market process overrides the process of government interference. As government intervention and regulation of markets and money eventually fails, the free market again emerges, leading to a resurgenc
Central banks will be net buyers of gold this year as they diversify away from the US dollar, marking a reversal of a decades-old trend, global commodities investment fund BlackRock said on Monday in comments that helped drive buillion to fresh recor
The price of gold coins in Iran feel by more than 4 percent after the Central Bank started supplying newly-minted coins to the market, Iranian newspapers reported on Sunday. "The gold bubble burst", read a headline in the daily Jam-e Jam
The price of gold surged to an all-time high point above $1,123 dollars per ounce as trade was driven by buoyant stock markets and the weak US currency. On the London Bullion Market, gold jumped as high as $1,123.38 dollars an ounce.
Global gold production is in terminal decline despite record prices and Herculean efforts by mining companies to discover fresh sources of ore in remote spots, according to the world's top producer Barrick Gold.
There's one mention of the word gold in the Bank of Canada's latest annual report. There are no mentions of bullion. Canadians once owned 30 million ounces. Now we own none, preferring to back our currency with rock-solid things such as US dollars
The theory of the 19th-century gold standard was that gold was “real money” in the same way as landed property was “real estate”. All types of paper money are capable of being created by banks or governments, so the supply is potentially unlimited.
Gold futures in New York rose to a record above $1,100 per ounce on Friday as the dollar eased in the wake of disappointing U.S. employment data. At 9:48 a.m. EST December gold was up $10.20 at $1,099.50 an ounce at the COMEX division of the New Y
Today's announcement by the International Monetary Fund, reported in the Bloomberg story and IMF press release appended here, that the IMF has sold to the Reserve Bank of India about half of the 400 tonnes of gold the IMF long has been planning to se
(Gold is still going up, and they are short 2 million ounces) Barrick Gold Corp.(TSX:ABX) lost $5.4 billion in the third quarter to the windup of its gold hedging program, but the big miner said this move, as well as several low-cost projects set to
The Russian Finance Ministry has not shelved plans to sell gold from the State Precious Metals and Gemstones Repository (Gokhran) and could sell approximately 25 tonnes of the the metal, possibly on the domestic market, a ministry official
I work third shift, 2200 to 0800. I'm too cheap to buy satellite radio, so I channel surf during my shift and inevitably end up listening to talk radio for a few hours. It seems like every show has endless advertisements touting the value of adding g
There are two significant events this week that could exert pressure for higher gold prices. Because of this, I expect to see major behind-the scenes actions to try to suppress gold (and silver) prices until the middle of Thursday afternoon. First,
(Gold is below $1040) The total short interest is 516,832 contracts representing 51,683,200 oz of gold which represents $54,841,043,000 worth of short sales at Friday's closing prices. Who has that kind of money? And WHO has that amount of gold to
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Entered By: Jean Carbonneau
This is a 30 page report that came out a few days ago. BELIEVE ME, IT'S WELL WORTH THE READ.
The price of gold forged a record high above 1,068 dollars an ounce here on Tuesday as the dollar sank against the euro. On the London Bullion Market, gold struck 1,068.63 dollars an ounce, which was the highest level ever recorded. Gold's lat
Impeccably reliable sources have informed me that as recently as Sept. 30, 2009 - the last possible day of trade in the Sept. 09 futures - a number of well-healed market participants "bought" substantial tonnage worth of gold futures on the London Bu
