Podcast: Going Over ‘Fiscal Cliff’ Will Bring Safe-Haven Buying To Gold
Recorded by Hard Assets Investor
Sumit Roy and Drew Voros discuss the scenarios facing gold with the “fiscal cliff,” as well why crude oil and natural gas prices are rising. (Length: 5:41).
Curacao police arrest 3 in $11.5M gold bar heist
The Associated Press
WILLEMSTAD, Curacao — Police in the Dutch Caribbean island of Curacao have arrested three suspects in connection with the recent heist of 70 gold bars worth an estimated $11.5 million.
Central Banks Accelerated Gold Buying In 2012 To Protect Against Global Economic Turmoil
International Business Times
National Bank of Ukraine (NBU) said Friday it raised the percentage of gold in its reserves this year to 7.72 percent from 4.36 percent a year ago.
China unlikely to be ousted as world’s main gold producer
China is expected to remain as the world’s top gold producer for the sixth consecutive year in 2012, the country’s gold association forecast Thursday.
According to China.org, the industry association’s latest data shows the nation’s gold production between January and October was of 323 tonnes, which represents a 11% increase from the same period last year.
GOLD’S SAFE HAVEN STATUS TO RE-EMERGE IF NO ‘CLIFF’ DEAL
APMEX Market Commentary
Precious Metals prices are trading lower this morning, though Gold is headed for a weekly gain to end the year. The safe-haven appeal of Gold could be boosted if U.S. policymakers fail to agree on a deal to avert the fiscal cliff before the end of the year. Peter Fertig of Quantitative Commodity Research said, “Now it is looking like the U.S. economy might head to a fiscal cliff. However, if the politicians do find a timely compromise, stocks will perform well, crude oil is more likely to stabilize instead of fall, and Gold will go up with other risk assets.
METALS-Copper up as data signals China growth acceleration
Copper rose to a one-week high in thin trade on Thursday, rebounding from falls in the previous session, as encouraging data from China reinforced signs of a recovery in the economy of the world’s top metals consumer.
Part I: The 3 Legs of The Precious Metals Bull Market
ETF Daily News
Jeff Nielson: Normally, at this time of year writers tend to turn their thoughts toward making predictions for the upcoming year. My own belief is that this practice has turned into a Fool’s Game; as the saturation-level corruption in our markets and endemic propaganda from the Corporate Media mean that rationality is out the window.
Latin American metals, mining sector “mostly stable” in 2013 – S&P – Regional
Business News Americas
The outlook for the Latin American metals and mining sector in 2013 is mostly stable, although ratings agency Standard & Poor’s (S&P) is expecting metals prices to continue to drop.
Reviving Tungsten – Interview with EMC Metals
Tungsten watchers know that tungsten (APT) prices have shown considerable volatility over the last 24 months, which makes 2013′s long-term decisions regarding new tungsten projects all the more challenging. Still, tungsten remains a valuable and critical metal, and several juniors are ploughing ahead with their exploration projects.
Retail investors lean towards debt, gold ETF schemes
The Hindu Business Line
Mumbai, Dec. 28: Debt-oriented schemes of the mutual fund industry had a good run in 2012, while equity schemes continued to struggle. Between January and November, the assets under management (AUM) of debt-oriented schemes rose by 26.77 per cent to Rs 5.69 lakh crore. Debt-oriented schemes refer to schemes under the income, liquid/money market and gilt fund categories.
Tin Stockpiles Climb to Highest Since June 6 on Malaysian Supply
Tin stockpiles in warehouses monitored by the London Metal Exchange rose 1.5 percent to 12,750 metric tons, the highest since June 6. Most of the gain was from deliveries to Port Klang and Johor, Malaysia, according to data from the LME today. Tin stockpiles have climbed 4.6 percent this year. Lead stockpiles dropped 1.3 percent to 323,400 tons, the lowest since Nov. 8, on declines in Port Klang and Johor, according to the exchange. http://jlne.ws/RWszhk