Sunday, December 8, 2013
Tuesday, December 3, 2013
Monday, December 2, 2013
Continuing Kitco News' coverage of the 2013 Metals & Minerals Conference, Daniela Cambone caught up with Malcolm Gissen of Malcolm H. Gissen & Associates to discuss gold.
"Our view on gold changed about a year ago. We had been pretty optimistic about it but then we became realistic," Gissen says. "We think long-term gold will do well but for at least for the next year we think it's going to be under pressure."
Although Gissen says that the fundamentals support higher gold prices, he thinks investors are more comfortable buying large cap domestic stocks now. "I'm optimistic on the US economy. I think it is improving...my major concern is congress," he adds.
Sunday, December 1, 2013
Wednesday, November 27, 2013
China's demand for jewelry, bars and coins rose 30 percent to 996.3 tons in the 12 months to September, while usage in India gained 24 percent to 977.6 tons, according to the London-based World Gold Council. India was No. 1 for calendar 2012.
Gold's 12-year rally, the longest in at least nine decades, is poised to continue in 2013 as central bank stimulus spurs investors from John Paulson to George Soros to accumulate the highest combined bullion holdings ever.
Join Michael Maloney in the GoldSilver Boardroom as he answers this week's most popular question - just what is going on with gold and silver?
The recent price action in the metals markets has left investors nerves frayed, but as Mike explains it is at times like these that the big picture needs to be kept in mind. The fundamentals of this market are impossible to ignore, and when coupled with the madness of central banks and governments the world over - there is most likely only one outcome: An enormous wealth transfer from those holding paper assets to those holding real money...gold and silver.
Tuesday, November 26, 2013
Peter Hug is on Kitco News to talk gold as markets wait for the release of the FOMC minutes on Wednesday. Fed Chairman Bernanke spoke on Tuesday and reaffirmed the Fed would keep its benchmark interest rate at or near zero for a "considerable time." "I think the fed wants to taper... [but] I'm still in the camp that tapering won't even begin to be on the agenda until the spring of next year,"
Hug says. "And it won't be an $85 billion bond pullback immediately...this could take another year before the $85 billion in bond purchases is completely off the table." Looking at the metals markets, Hug says the technicals are "terrible" and the overall feel remains heavy. "The catalyst for gold, the next major leg...should be an inflationary leg," he says. "...Assuming there are no major geopolitical or financial risks in the immediate horizon, I think it might actually be negative for the metals. I think we're in a deflationary environment."
With regards to government data, Hug says he doesn't trust a lot of the numbers that are released but says he'll be keeping a close eye on Christmas sales numbers. Watch now to get his key levels for gold & silver and see how Hug would position his cash. Kitco News, November 20, 2013.