Canadian Ex-Goldman Sachs and Oxford alumni to run Bank of England
In what is being seen as a ‘surprise’ pick for the top job at the Bank of England it really shouldn’t be a surprise to anyone who has been keeping an eye on financial development over the past few...
View ArticleClik here to view.
Gold, Palladium Plummet in a Week Amid Concerns About U.S. Budget Deadlock
Bloomberg reported that spot gold prices dropped as much as 1% to $ 1,694.35 per ounce. Other metals also declined to a one-week low, such as Palladium, which fell 0.7% to $ 685 per ounce. As quoted...
View ArticleClik here to view.
Goldman Sachs Prefers Palladium for 2013
Bloomberg reported that Goldman Sachs Group Inc. said one of its most preferred mining commodities for 2013 is palladium and its least favored are nickel and aluminum. As quoted in the market news:...
View ArticleGold sell-off: There is only one question that matters
Last Friday I participated in a (very short) debate on BBC Radio Four’s Today Programme on the future direction of gold. Tom Kendall, global head of precious metals research at Credit Suisse argued...
View ArticleClik here to view.
Silver is bound to suffer along Gold : UBS
The bank trimmed its 2013 silver price outlook to $ 24 an ounce from $ 29 per ounce and 2014 outlook to $ 25 an ounce from $ 30 earlier. LONDON(BullionStreet): Following Goldman Sachs’s gold outlook...
View ArticleClik here to view.
Gold mines… here come the write-downs
The past few weeks we’ve been reporting on a very interesting trend in the gold market, namely that gold mines are starting to shutter because with gold at 3 year lows they simply can’t get the...
View ArticleGold mints around the world are manufacturing “as fast as they can” to keep...
It seems the old adage that ‘everyone loves a bargain’ can be applied to the gold market as well. With a price that is some 33% lower than its 2011 peak, demand for gold coins around the world is a...
View Article
