by agm | Sep 1, 2012 | news
Gold is gaining favor – and serious momentum – as Republicans actively support returning to the Gold Standard nixed by Nixon on August 15, 1971. At the Republican National Convention in Tampa, Florida, a gold standard draft platform will be up for approval. The draft...
by agm | Aug 31, 2012 | news
In an interview with King World News, Sean Boyd of Agnico Eagle stated that he expects gold to hit $3,000. Why? Boyd notes that at the onset of the financial crisis, governments unleashed tremendous amounts of stimulus to prop up the economy. However, this also caused...
by agm | Aug 29, 2012 | news
The ranks of investors betting on gold is growing. John Paulson raised his stake in SPDR Gold Trust (GLD) and bought more shares of NovaGold Resources (NG) last quarter. George Soros more than doubled his stake in SPDR Gold Shares. And thanks to the Wall Street...
by agm | Aug 27, 2012 | news
One of my best calls of the year was to plead with readers to avoid gold like the plague, periodically dipping in on the short side only. The barbarous relic has been in a bear market since it peaked at $1,922 an ounce at the end of August last year. Gold shares have...
by agm | Aug 23, 2012 | news
Gold makes its move. The bugs are rampant. The yellow metal made life very difficult for commentators trying to keep a regular schedule on Wednesday. MarketWatch’s Claudia Assis can hardly have hit the send button on her story headed “Gold ends lower as other metals...
by agm | Aug 22, 2012 | news
The renminbi is the official currency of China used as legal tender in China’s mainland. But what will happen to the renminbi if China does begin backing the currency with gold? Will it branch out into other foreign economies as a reserve currency for them as...
by agm | Aug 17, 2012 | news
Chances that the Federal Reserve will launch a third round of money printing have risen slightly over the past month to 60%, according to a Reuters poll that also showed economists lowering economic growth expectations for this year and next. Most forecasters have...
by agm | Aug 16, 2012 | news
The markets are holding on for more quantitative easing (QE). This is what we keep hearing. Every day we hear reports of the gold price still maintaining its narrow ‘trading range’ of the last month. In fact, since May it hasn’t broken out of the $100 trading range....
by agm | Aug 16, 2012 | news
Three predictions: The first because we know how the money business works – though we do not have proof to hand. The second we are certain will happen – because it has long been the obvious step, and because those most directly affected by it, and who stand to...
by agm | Aug 13, 2012 | news
John Hathaway, senior managing director of Tocqueville Asset Management, does not particularly trust banks to keep stores of physical gold safe and segregated. Indeed, he considers his black lab Jake a better watchdog than the SEC. That is why he favors the...
