Gold Declines as Traders Book Profits After Advance

Gold declined in New York, trimming a monthly advance, as some traders booked profits after prices climbed to a 17-week high and amid speculation a weaker yuan may hurt demand fromChina. Gold is the third-biggest gainer, after coffee and lean hogs, in the Standard & Poor’s GSCI gauge of 24 commodities this year on speculation haven demand […]

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Gold Fix Study Shows Signs of Decade of Bank Manipulation

The London gold fix, the benchmark used by miners, jewelers and central banks to value the metal, may have been manipulated for a decade by the banks setting it, researchers say. Unusual trading patterns around 3 p.m. in London, when the so-called afternoon fix is set on a private conference call between five of the […]

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Gold lifts on safe-haven asset demand rise

“Part of that softness may reflect adverse weather conditions, but at this point it’s difficult to discern exactly how much,” Yellen told the Senate Banking Committee on Thursday. This year, gold has gained 11 per cent. In 2013, the metal plunged 28 per cent, the most since 1981, amid a US equity rally to a […]

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An End to Austerity?

President Barack Obama has recently released his budget in which he calls for an “end of austerity.” This is an amazing statement from a president whose government has spent the highest percentage of GDP in history and added more to the national debt than all past presidents combined. What must he mean by austerity? continue […]

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World's biggest gold ETF eyes 1st monthly inflow in over a year

LONDON, Feb 27 (Reuters) – The world’s largest gold-backed exchange-traded fund,New York’s SPDR Gold Shares, is on track for its first monthly inflow of metal in more than a year after a run of weaker U.S. data boosted investment interest in gold. The SPDR fund, which issues securities backed by physical metal and attracted big inflows […]

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Gold Advances in New York as Ukraine Unrest Spurs Haven Demand

Gold climbed in New York, after reaching a 17-week high yesterday, on speculation that investor demand for haven assets will increase amid unrest in Ukraine. Gold is heading for a second month of gains, the longest such run since August, as concern that the U.S. recovery may be faltering and unrest in emerging markets boosted demand for a store […]

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China's yuan dislodges Swiss franc as 7th most-used currency: SWIFT

China’s yuan surpassed the Swiss franc to become the seventh most-used world payments currency in January, global transaction services organization SWIFT said on Thursday. With a market share of 1.39 percent, the yuan remained one of the top 10 most-usedcurrencies for payments worldwide for the third consecutive month. It ranked eighth in December. Yuan payments increased by 30.6 percent while the growth for all […]

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Yuan to supersede dollar as top reserve currency: Survey

The tightly controlled Chinese yuan will eventually supersede the dollar as the top international reserve currency, according to a new poll of institutional investors. The survey of 200 institutional investors – 100 headquartered in mainland China and 100 outside of it – published by State Street and the Economist Intelligence Unit on Thursday found 53 percent of […]

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Wisdom Wednesday's – Lesson 8 – 13 Questions All New Investors Need To Ask Themselves

Is your goal trade & profit now? Or invest for comfort? Today is another Wisdom Wednesday! Welcome back and today I want to share an idea that will help make very conscious the decisions you make around investing. I am also including 13 questions EVERY new investor/trader needs to ask themselves before they start looking […]

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Richard Russell – World To Witness A Terrifying Hyperinflation

Russell: “I’ve been noting the prices being paid by the wealthy 5% of Americans and by foreigners may be a sign of things (prices) to come.  Is the $19 billion that Facebook paid for What’sApp a hint of future prices?  It occurred to me that the extraordinary prices being paid by today’s wealthy could correspond to […]

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