Daily Gold & Silver Updates

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Swiss Gold Initiative Referendum Opinion Poll Results

Admin October 24, 2014
The results are in from the first Swiss opinion poll regarding the country’s gold referendum and it looks like those in favour of the changes are in the lead. This poll was taken even before the Yes campaign has had the chance to present its case to the people of Switzerland in any detail. The poll… Continue Reading »
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China’s Economy Overtakes U.S. as World’s Largest

Admin October 23, 2014
China has overtaken the U.S. as the world’s largest economy, but only when it comes to purchasing power. The International Monetary Fund (IMF), which measures countries in terms of market exchange rates and purchasing power parity (PPP), has recently found that China contributes the most to global growth. China gross domestic product is worth $17.6 trillion,… Continue Reading »
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Eric Sprott Ebola Outbreak Effect on Gold, Silver & Economy

Admin October 23, 2014
The Gold Report recently caught up with Eric Sprott for an article titled, “An Ebola Armageddon Could Trigger a Rebirth In Gold and Silver Prices” to discuss the ramifications of such as event. The Gold Report explains how”Deutsche Bank warned in a recent note that the Ebola virus could impact commodity markets, including gold and… Continue Reading »
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Russian Central Bank Gold Buying Spree Rages On

Admin October 22, 2014
The latest figures from Russia show that their central bank has purchased another 37.33 tonnes of gold in September, bringing its gold holdings to around 1,150 tonnes. September was the seventh month in a row that Russia has increased its gold reserves and was its biggest monthly increase yet. Interestingly enough, Russia has been building… Continue Reading »
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Explosive China Gold Demand Reached 2,000 Tonnes in 2013

Admin October 22, 2014
On June 25th, 2014, the Chairman of the Shanghai Gold Exchange (SGE) Xu Luode admitted that Chinese consumer gold demand reached 2,000 tonnes in 2013. This number is significant when compared to the World Gold Council (WGC) who has reported Chinese gold demand at 1,066 tonnes in 2013 (image below). This massive discrepancy is starting to… Continue Reading »
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Gold & Silver Price Predictions 2015: Goldman Sachs, BMO, Citibank, Barclays

Admin October 21, 2014
Wondering what big banks are saying about the gold and silver price during 2015? This video explore what some of the top banks are saying. Citi Research has trimmed its price forecasts for gold and silver. Gold is expected to be under pressure in the fourth quarter, but by 2016, Citi sees the average price… Continue Reading »
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CitiBank Gold Price Forecast 2015

Admin October 20, 2014
Citi Research has trimmed its price forecasts for gold and silver. Gold is expected to be under pressure in the fourth quarter, but by 2016, Citi sees the average price rising again. The 2014 average forecast was revised to $1,275 an ounce from $1,300 previously, while the 2015 gold price forecast was trimmed to $1,225… Continue Reading »
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Goldman Sachs Gold Prediction 2015

Admin October 20, 2014
Wondering what Goldman Sachs is predicting during 2015 for gold and silver prices? Find out their price targets on gold and silver and their recommended trade. Goldman believes that the Ukraine-Russia crisis and economic weakness in Europe and Japan have been supporting gold somewhat, but prices are being pressured by Federal Reserve policy. Jeffrey Currie, head of… Continue Reading »
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BMO Capital Markets Gold & Silver Price Forecast 2015

Admin October 20, 2014
BMO Capital Markets have recently cut its forecast for gold, silver and platinum prices, predicting that the precious metals will lag other commodity markets during 2015. In a research report regarding 2015 forecasts, the Canadian bank lowered its average 2015 gold forecast to $1,190 an ounce, down from $1,275. It reduced its silver forecast to $17.50… Continue Reading »
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Ron Paul Asks Will Switzerland Get Their Gold Back?

Admin October 16, 2014
On November 30th, voters in Switzerland will head to the polls to vote in a referendum on gold. On the ballot is a measure to prohibit the Swiss National Bank (SNB) from further gold sales, to repatriate Swiss-owned gold to Switzerland, and to mandate that gold make up at least 20 percent of the SNB’s… Continue Reading »

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