Year: 2013

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Gold is Setting Up for a Massive Breakout in 2H 2013

This piece expounds upon what we covered last week. In that piece, regarding Gold, we concluded: If Gold is able to firm up here and now then it has a good shot to rally back to $1750-$1800 over the next few months. If we get the bullish scenario and a fundamental catalyst shift then expect … Continue reading

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Why Iam Gold Thinks Gold is Going to $2500

According to Stephen Letwin, CEO of IamGold, we could be at peak Gold right now because the industry has already exploited its best reserves. Global gold production in the first nine months of 2012 fell 1 percent from a year earlier to 61.5 million ounces, according to Bloomberg. The average ore grade of reserves at … Continue reading

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Greg Weldon: I’m Starting to Like Gold Here (Technically)

Today, Greg Weldon covered it all. We started with Bonds then moved to Europe (with some comments on the Fed in between). Later we moved to Gold and Greg likes the technical setup. According to Greg, 2013 has the largest amount of debt that must be sold by most major governments. Of course that could … Continue reading

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Gold & Basel III

Perhaps you have never heard of the Bank for International Settlements (BIS) located in Basel, Switzerland. Perhaps you have never heard of the Basel Committee on Banking Supervision (BCBS), a separate legal entity with headquarters at the BIS. But these two regulatory bodies play a considerably important role in the development of international banking supervisory … Continue reading

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Hedge Funds Cut Commodities’ Bets to 6-Month Low

Contrarians are you paying attention? Bloomberg reports that hedge funds cut their bets on commodities to a six-month low even as commodities have rallied a bit. Speculators trimmed net-long positions across 18 futures and options by 5.4 percent to 654,443 contracts in the week ended Jan. 8, the lowest since June 19, U.S. Commodity Futures … Continue reading

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