Bank of China Joins Auction Setting Gold Prices in London
Bank of China Ltd. will become the first Chinese bank to join the auction process that sets gold prices in the London market.
Read articleBank of China Ltd. will become the first Chinese bank to join the auction process that sets gold prices in the London market.
Read articleTranscript: 1) Gold broke last week a downtrend started in mid-May while silver remains within the downtrend with no indication as of now it intends to follow gold and break out to the upside. Gold stopped short of $1,195 resistance level and silver dropped from $16.2 and is approac...
Read articleHarry Dent (the one predicting gold at $700) is now being joined by many long-time bugs who are seeing gold plummet toward $1,000-$900... before it takes off to $5,000! I call this the final capitulation of the analysts. They are throwing the towel on this frustrating sector and their short- and mid...
Read articleNew charts added in covering the new CME Futures Contract for Hong Kong Kilobars.
Read articleSo many articles and books have been written about gold as money, but so few about silver. However, a lot more silver has been used as money than gold, mostly because of its lower value and therefore being easier to transact for day-to-day needs.
Read articleFinance chiefs from the Group of Seven industrial nations agreed on Friday that including China's renminbi in the International Monetary Fund's currency basket is desirable, but a technical review must be completed first.
Read articleAccording to central bank data, Russia's gold reserves rose to 40.1 million troy ounces as of May 1 compared with 39.8 million ounces a month earlier.
Read articleRussia and China are setting the stage for a gold-backed currency, in preparation for the day the Dollar reserve hegemony finally ends.
Read articleAustrian central bank plans to keep 50% of its gold reserves in Austria vs 17% now, Kronen-Zeitung reports, citing governor Ewald Nowotny’s unpublished new “gold strategy.”
Read articleChina could shock the world when it announces its gold reserves. Any amount above 8,000 tonnes will be a shock in the central bank community and the gold market. Why is China accumulating so much gold? Why is China encouraging its citizens so hard to buy gold?
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