Gold “Still Bearish” as Western Buying “Cools”, But Indian Festival Demand Seen Matching ETF Outflows

Spot gold prices slipped back below $1470 per ounce Thursday morning in London, drifting as world stock markets failed to follow Wall Street higher, where equities yesterday hit new all-time highs. Silver held above $24.00 per ounce, just shy of last week’s finish, as commodities slipped overall.

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How to profit from higher platinum prices

Over the next few years the demand for platinum for use in jewellery, auto, and other industries, is expected to continue to rise. Meanwhile, thanks to political uncertainty, declining ore grades and escalating production costs, supplies continue to fall. This creates a potential opportunity for investors.

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What’s happening with gold & when will it bounce?

On Friday morning we warned investors that they “need to be prepared for one last washout in the gold market, during which the price falls by $100-$150, or perhaps even more”, and by mid-afternoon this move was underway. This article looks at what it was that moved the market and tries to determine the level at which gold will find support.

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The Markets vs. the Economy: Examining the Great Disconnect

There exists today a vast disconnect between the performance of the stock market and what is taking place in the real economy. Over the past few months the Dow, S&P 500, and Russell 2000 stock indices have all climbed to new all-time highs. However, the jubilation in the stock market is at odds with the gloomy sentiment found in the real economy.

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Gold Breaches $1590 after Weidmann Says “Eurozone Crisis Not Over”, Chinese Physical Demand “Supporting Gold Right Now”

After trading sideways for several sessions, gold bullion jumped above $1590 an ounce for the first time this month Tuesday morning in London, in what analysts called a “technical” move after gold broke through a key level following remarks from Bundesbank president Jens Weidmann.

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Chart of the week: Central banks continue to accumulate gold in spite of the lower price

For 11 years central banks around the world were net sellers of gold. However in 2009 they stopped selling their gold and became net buyers, and as today’s chart shows, central banks are continuing to accumulate gold in spite of the lower price.

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