Daily Gold & Silver Updates

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Gold and Silver Price Crash Report, US Dollar Rally

Admin October 31, 2014
Once again gold and silver are nearing 4 year lows as the US dollar continues to rally. Where will this selloff bottom? Gold has officially breached its $1,180 key support level and it looks like the next stop could be $1,000. Silver is nearing $16 and is also looking to go lower. Gold, silver tumble… Continue Reading »
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Goldman Sachs & Barclays Oil Price Forecast 2015

Admin October 30, 2014
Both Goldman Sachs and Barclays bank have slashed their oil price forecasts for 2015. They are attributing their forecasts to a growing supply surplus and worldwide production increases. Goldman Sachs sees Q1 2015 WTI Crude Oil at $75/bbl while Barclays sees it at $85. Both banks have slashed their forecasts, bringing them down from previously… Continue Reading »
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John Paulson Invests HUGE In Gold Mining Companies

Admin October 28, 2014
John Paulson has recently been stacking up his gold holdings. According to a recent SEC filing, Paulson bought $1.3 billion in SPDR Gold Trust and has large stakes in Goldcorp, Silver Wheaton and Yamana Gold. Paulson also revealed he has a 1.3 million share stake in Agnico Eagle Mines. Why did Paulson make this move… Continue Reading »
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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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