German financial watchdog to investigate <b>gold price</b>-fixing | MINING <b>...</b> |
- German financial watchdog to investigate <b>gold price</b>-fixing | MINING <b>...</b>
- Today's <b>Gold Prices</b> and Gold Investing News - Money Morning
- THE COORDINATED EFFORT TO SUPPRESS THE <b>GOLD PRICE</b> <b>...</b>
| German financial watchdog to investigate <b>gold price</b>-fixing | MINING <b>...</b> Posted: 26 Nov 2013 05:32 PM PST BaFin, Germany's financial supervisory authority, has begun an investigation into suspected price-fixing of benchmark gold and silver prices, WSJ Deutschland reported Tuesday. "Apart from Libor and Euribor, BaFin is also looking into other benchmark setting procedures at individual banks such as for gold and silver prices," a BaFin spokesman said. The move comes less than a day after the U.K. Financial Conduct Authority (FCA) officially launched a probe on the matter. The WSJ report also claimed that similar probes were under way in the UK and US, though no sources were mentioned. Regulators around the world have begun to wrestle back oversight authority over the financial sector since the 2008 financial crisis and after a long period dominated by "light-touch" regulatory philosophy.  |
| Today's <b>Gold Prices</b> and Gold Investing News - Money Morning Posted: 23 Nov 2013 12:00 AM PST It's been another painful week for the precious metal amid what's been one tough year for gold bulls. Gold futures ticked up Friday, following a two-day dip that left gold prices at levels not seen since early summer. To continue reading, please click here...Ever since humans realized the intrinsic value of gold, we've constantly searched for - and perfected - ways to find more. From early methods like panning and trenching, to lode prospectors hunting for rock outcrops and veins, to the invention of drill bits... In modern times, we use increasingly sophisticated tools and techniques, such as seismic sensors, magnetometry, and gravimetrics to help locate potential gold deposits. But, after thousands of years of digging for gold, the low-hanging fruit's already been picked. Most remaining deposits are becoming increasingly difficult to find, and increasingly low grade. Now, a surprising, brand-new gold prospecting tool may be in the offing - one that's far less technologically demanding, and much less invasive. It seems nature itself has found a way to extract gold from the ground. Take a look at this picture...The latest gold news out of China is yet another bullish development for investing in the yellow metal... Increasing gold demand in China has put the Asian nation on track to become the world's biggest consumer of the precious metal. According to the World Gold Council, China's gold consumption is on pace to increase to a record 1,000 tons this year, up 29% year over year, surpassing India as the leading global user of gold. Imagine what this will do to the price of gold over the next few years...We all know that, so long as the Fed keeps the printing presses on, the risk of a worldwide currency crisis gets even higher. Gold, of course, is the timeless hedge here - for all the reasons you and I know. But are we truly prepared for a currency crisis? Much of the gold in the United States is owned by big institutions: the Treasury, the Federal Reserve, and bullion banks. So, if a currency crisis hits, their 8,900-ton hoard won't do us a bit of good. But there is one country whose "democratic" approach to gold ownership will allow its people to survive a currency crisis, literally, in fine style. Not only that, but this country's people are giving their government a whopping black eye for its heavy-handed ways in the process. Here's what's going on there...Gold prices are the honey badger of precious metals right now. As 2011's very popular YouTube video showed us, the honey badger makes moves that don't make sense - it "don't care." And neither does gold. Like the honey badger, gold prices just don't seem to care that the world has teetered on the brink of destruction all year. They just keep heading lower. Here's what's been dragging gold down...Gold moved sharply higher Tuesday thanks to a weaker-than-expected September jobs report - and our country's employment situation is yet another reason why gold prices are up today and will resume their climb... Perhaps anticipating a weak number, gold prices began moving higher shortly before the jobs report. Gold moved up $5 to $1,320.80 two minutes before the release. Following the report, gold surged. To continue reading, please click here...Gold prices in 2013 haven't performed as well as the previous few years - but Washington continues to give us plenty of reasons to buy the yellow metal. This week showed us how sensitive the price of gold can be to news from Washington. On the heels on the down-to-the-wire U.S. government budget and debt ceiling deal, gold prices moved abruptly higher and soared above the key $1,300 level. Here's why the next round of budget battles will be good for gold...It's been a volatile year for those investing in gold and silver. Gold is down some 20% year to date, and silver has lost more than 30%. The yellow metal tumbled more than 30% in the three quarters to June as fears mounted of an early end to the U.S. Federal Reserve's bond-buying program. But the stars are aligning for better times ahead. Following a record 23% drop in Q2, in which gold suffered a two-day carnage (April 15-16) that took prices down some $225 an ounce, gold gained nearly 9% in Q3. The gains ended gold's longest quarterly losing streak since 2001. Silver prices fared even better in the latest quarter, bouncing 10.5%. To continue reading click here...Gold prices seem to have stabilized today, trading once again above the $1,300 an ounce mark. This follows a tumble yesterday of more than $40 an ounce to as low as $1,284 an ounce. That price was nearly a two-month low and put the precious metal down 23% in 2013. At that level, gold was trading more than $50 below its 50-day moving average. To technical analysts, this confirmed the downtrend in the precious metal, bringing about a wave of selling by those who strictly follow the charts. However, there were factors at play in gold's selloff other than technical selling. To continue reading click here...In a week in which the gold price is trading in the $1,335-per-ounce range, all eyes in the gold industry are focused on Denver. That is the site of the annual Denver Gold Forum, the most prestigious event centered around the world's largest gold mining companies. The event was held from Sept. 22-25 this year. What sets this event apart from other events is the participation of nearly all the CEOs of the large gold mining firms along with major gold analysts and institutional investors. Despite the drop in gold prices so far this year, attendance at the Forum usually falls when gold prices are down, but organizers expected the number of attendees to match or exceed last year's. This indicates that interest in the sector is still quite high. Read more... |
| THE COORDINATED EFFORT TO SUPPRESS THE <b>GOLD PRICE</b> <b>...</b> Posted: 25 Nov 2013 05:46 AM PST In this exclusive video interview that was conducted on behalf of MATTERHORN ASSET MGMT, independent financial journalist Lars Schall discussed with gold market analyst and book author Dimitri Speck the coordinated effort by "The Gold Cartel" to suppress the price of gold. In particular, they took a critical look at the motivation for central banks and their private bullion bank agents to avoid an "explosion" in the gold market – and the statistical proof that they are the core influence on the gold price indeed. However, the artificial low price offers a buying opportunity in the long run, says Speck. For more watch here. |
| You are subscribed to email updates from gold price - Google Blog Search To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google Inc., 20 West Kinzie, Chicago IL USA 60610 | |
0 Comment for "German financial watchdog to investigate gold price-fixing | MINING ..."