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How to sell Youre Gold coins

Mar 182013

Selling youre gold coins might not be as easy as everyone thinks, there are lots of dealers but a lot of them only seem to be interested in buying back the coins they sold. The way a lot of them make there money is from the difference in the price fluctuations, which is called the spread. Here is a great article on one investors expierience

American Gold Eagle (Photo credit: Wikipedia)

Bullion dealers, cash-for-gold outlets and hundreds of online companies selling gold coins and bars have sprung up in recent years as investors have looked to cash in on rising gold prices. You can now buy and sell bars on your mobile phone, and there are even vending machines dispensing ingots in shopping centres.

But how easy is it to cash in gains if you have invested in the precious metal? For many investors the attraction of gold is that it is a tangible asset. After the financial crisis many want to invest in a product which should hold its value should stock markets crash, banks collapse or if governments printing more money decreases the value of “paper” currencies.

But how easy is it to sell and realise the value of gold ingots, sovereigns or exotic coins such as the US Buffalo, the Chinese Panda or the Austrian Philharmonic?

After all, even if these real assets have risen in value, it is of limited use if you can’t derive an income from them, sell them at their current price or spend them.

One reader who contacted The Daily Telegraph said the sales process may not be as transparent as many people think. He bought a 1oz Britannia gold coin for £1,129 just over a year ago – as gold prices peaked. With prices falling, he decided to try to sell it.

You can read the full story over at the www.telegraph.co.uk

Federal Reserve Public Enemy No 1

Currency, Euro Crisis, Federal Reserve No Responses »

Mar 172013

It doenst matter if we are living in Ireland or Austrailia, China or Iran. the fact is what ever Bernake does, what the USA does, affects us, it affects the gold price and the world economy. Wake up everyone there printing money like crazy, its even worse there producing digital money, So when the gold price goes down, jump on the dip, and buy. because gold and silver is your hedge to inflation. protect youre buying power. Listen to this interview with Gerald Celente, check out his site over at trend research http://www.trendsresearch.com. Im still buying especially silver now as the price is down. I take my advice from people like Mike Maloney and James Turk.

What Is Next For Gold?

gold trends No Responses »

Mar 072013

What Is Next For Gold?

Mojave Nugget, a gold nugget weighing 156 ounces. From the Stringer district, Kern County, California. (Photo credit: Wikipedia)

Forecasts are looking positive for gold. Once again gold never goes out of style. Classic appeal call to the people of finance to umbrella their equity from harsh monetary conditions. Jet setters are consistently on gold like butter on bread and these progress are what we should constantly monitor and pursue so our equity can soar as well.

What’s Next For Gold? Business Insider has this report.

A notable feature of the investment landscape over the past few months has been the 12 percent drop in the price of gold since September.

During that time, we’ve heard some incredibly bearish calls on gold from strategists at Goldman Sachs and Credit Suisse, among other shops. Rising real interest rates are said to be the death knell for gold.

Morgan Stanley, which for a while has touted gold as its number-one investment idea in the commodity space, isn’t ready to throw in the towel just yet.

In fact, according to the bank’s Chief Metals Economist, Peter Richardson, “The reasons for owning gold may be evolving.”

What does that mean, exactly? Richardson argues that over the past 10 years, gold has actually undergone numerous evolutions in this manner.

From 2001 to 2008, Richardson writes, gold went up because of “1) a persistent increase in investment demand, 2) acceleration in producer de-hedging, 3) a decline in net official sector sales, and 4) a persistent failure on the part of the mining companies to respond to the incentive of a steadily rising price and materially lift production.”

Then, from 2008 to 2012, gold was driven higher by “investors’ waning confidence in the stability of the global financial system and an unprecedented monetary easing by central banks.”

In 2011, though, gold became tightly correlated with the trade-weighted U.S. dollar. Richardson attributes this to slowly declining financial stress and less surprises on the central bank liquidity front as time progressed.

“As this has happened, gold has returned to what BCA Research Inc has called its default setting – a tick-for-tick correlation with a range-bound US dollar in TWI terms. In the past, these periods of particularly strong and close correlation with the USD have proven to be consolidation phases before the next upside gold catalyst has appeared,” writes Richardson.

What happens next?

Morgan Stanley’s house view as espoused by Richardson is that “we are about to witness the third installment of the Great Monetary Easing.” That’s a reference to the extremely loose monetary policy set to hit Japan and the attempts of other countries to not let their currencies strengthen too much in the face of a weaker Japanese yen.

To sum it all up, Richardson concludes, “In these circumstances, we believe that gold has demonstrated considerable technical strength, offers good value at current prices both as an entry level to the trading range between US$1,540/oz and US$1,800/oz and as an option on any remaining upside surprise above this range that might result from the third part of the Great Monetary Easing.”
That’s why Morgan Stanley remains bullish on gold for now.

Gold had a good run on 2012 and the latter decades. We are all asking, What Is Next For Gold? The only way for gold is up because of so many reasons. The durability not just in the physical aspect of gold, but its enduring financial substance; its dependability, and its unceasing dominance over the most of the time unsure financial footing the public choose to traverse are some of reasons why gold will not decline.

Like this story? Continue to businessinsider.com

Investors Multiply Their Gold Holdings

Gold Price No Responses »

Nov 272012

Investors Multiply Their Gold Holdings

English: Intra-day pivot point trading chart of the SPDR Gold Trust (GLD) for 5 days in October 2009 ending on 10/20. (Photo credit: Wikipedia)

In this article, it is laid out how and why Investors Multiply Their Gold Holdings. It is clear to them that gold is a good investment. And they have been doing this for years. What’s more interesting is how official gold reserves are also being doubled, tripled, and so on. Even the government know this secret. Gold is the ultimate investment that can sustain a stable future for anyone. It is indeed the universal currency that will last generation after generation.
Read the selection below from Money News.

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.

The metal will rise every quarter next year and average $1,925 an
ounce in the final three months, or 12 percent more than now,
according to the median of 16 analyst estimates compiled by Bloomberg.
Paulson & Co. has a $3.62 billion bet through the SPDR Gold Trust, the
biggest gold-backed exchange-traded product, and Soros Fund Management
LLC increased its holdings by 49 percent in the third quarter, U.S.
Securities and Exchange Commission filings show.

Central banks from Europe to China are pledging more steps to boost
growth, raising concern about inflation and currency devaluation.
Investors bought 247 metric tons through ETPs this year, exceeding
annual U.S. mine output. While both sides said talks last Friday
between President Barack Obama and Congress over the so-called fiscal
cliff were “constructive,” the Congressional Budget Office has warned
the U.S. risks a recession if spending cuts and tax rises aren’t
resolved.

“We see gold as a hedge against the follies of politicians,” said
Michael Mullaney, who helps manage $9.5 billion of assets as chief
investment officer at Fiduciary Trust in Boston. “It’s a good time to
garner some protection in portfolios by having some real asset like
gold.”

Longest Streak

Gold advanced 10 percent to $1,723.79 in London this year, headed for
a 12th consecutive annual gain, the longest streak in data compiled by
Bloomberg going back to 1920. Prices reached a record $1,921.15 in
September 2011. The Standard & Poor’s GSCI gauge of 24 commodities
gained 1 percent and the MSCI All-Country World Index of equities
climbed 7.9 percent. Treasuries returned 2.8 percent, a Bank of
America Corp. index shows.

Bullion held through ETPs, the first of which listed in 2003, reached
a record 2,603.7 tons on Nov. 16, valued at $144.3 billion. That
exceeds the official reserves of every nation except the U.S. and
Germany, World Gold Council data show. The SPDR Gold Trust alone holds
1,342.6 tons.

Soros increased his investment in the trust to 1.32 million shares in
the third quarter, the most since 2010, a Nov. 14 SEC filing showed.
The stake, with each share representing about a 10th of an ounce, is
valued at $219 million. Prices advanced 59 percent since January 2010,
when Soros called gold the “ultimate asset bubble.” Michael Vachon, a
spokesman for the 82-year-old who made $1 billion breaking the Bank of
England’s defense of the pound in 1992, declined to comment.

There are a lot of supporting documents, news, articles, etc that validate gold’s longstanding & exemplary value not just in finance but also in society in general. The idea of buying gold coins, gold bullion, silver coins, silver bullion or any other form of precious metal as a cautionary investment against economic crises is not a far fetched idea. It is in fact a wise and plausible thing that any responsible person would & should do. that is why Investors Multiply Their Gold Holdings every time.

Continue reading the article here.

Gold In Our Present World Economic Condition

Markets No Responses »

Oct 262012

Gold In Our Present World Economic Condition

English: A picture from the gold vault of the Federal Reserve Bank of New York (Photo credit: Wikipedia)

Different factors affect our market today. And still a lot more issues are coming up that is really detrimental to our society. Yes, there are many options to solve all these, but all the officials and experts have to offer are bailouts and different shady laws that are so covered that it is hard to follow for a common man. They made these “laws” and “acts” so complicated. The word bailout itself connotes of something in the worst scenario and it doesn’t really offer up a solution.

Let Gold In Our Present World Economic Condition help you in your asset investment planning.

The following is a must read by Gold Seek for any investment market enthusiast.

Dear Friend of GATA and Gold:
GATA’s friend and researcher R.M. writes today from Europe:
“If the U.S. judiciary deemed protection of the nation’s currency or similar national interests (such as stable financial markets and oil prices) as justification not to prosecute a cartel’s war against gold by federal authorities, foreign governments, and their agents, could anti-trust law ever be brought to bear against such activity in our lifetimes?
“What I’m asking essentially is: What is the Achilles’ heel of gold market collusion that would provoke enforcement in a compromised judicial system?”
I have replied to R.M. as follows.
As I read the Gold Reserve Act of 1934 as amended, it authorizes the U.S. government to trade secretly not just in the gold market but in any market:

http://www.treasury.gov/resource-center/international/ESF/Pages/esf-inde…

The Gold Reserve Act describes its objective as “an orderly system of exchange rates.” Any administration almost certainly would construe that objective as an exemption from anti-trust law and I doubt that any court would have the nerve to disagree.
This question came up more or less during the first lawsuit against gold market manipulation, the lawsuit brought by Reginald Howe with GATA’s support in U.S. District Court in Boston in 2001 against the Bank for International Settlements, the U.S. Federal Reserve and Treasury Department, and various bullion banks. For the details of that lawsuit, see the entry for “Gold Price Fixing Case” at Howe’s Internet site here:

http://www.goldensextant.com/

There was only one public proceeding in that case, held in Boston on November 5, 2001, on the defendants’ motion for dismissal via “summary judgment.” “Summary judgment” is a determination by the court that even if everything in the plaintiff’s complaint is true, there is no remedy at law and nothing for the court to do about it. I attended that hearing. While I had to sit in the back of the courtoorm and the acoustics were not good, I heard an assistant U.S. attorney assert that the government, without admitting that it was doing what Howe complained of, very much claimed the power to do it. See my report on the hearing as posted at GATA’s old Internet site here:

http://groups.yahoo.com/group/gata/message/912

Gold In Our Present World Economic Condition states the important points that plague our economy today. It gives us insight to all the angles which we, as a society, are being constantly barraged into submission. But most importantly, it also shows a more permanent recipe for a healthy financial future that none of the administration or bureaucrats can offer.

Click here to see the full article.

A Record High In Gold Holdings, Gold Price All Time High

Federal Reserve No Responses »

Oct 142012

A Record High In Gold Holdings, Gold Price All Time High

(Photo credit: Wikipedia)

Experts expect the worsening yet again of the fiscal situations in and around the Eurozone. The situation is irreversible, they even said. In anticipation to this, banks and governments are doubling their gold reserves. Financial analysts are advising investors to look into A Record High In Gold Holdings, Gold Price All Time High as this is the safest strategy in the present time.

The report from Yahoo Finance follows.

NEW YORK, NY–(Marketwire – Oct 9, 2012) – Gold Prices last week reached an 11-month high of $1,796.50 an ounce after comments by European Central Bank President Mario Draghi suggested that more bailouts may be forthcoming. Draghi had stated that euro is “irreversible,” and that the central bank stood prepared to purchase the bonds of indebted countries. The Paragon Report examines investing opportunities in the Gold Industry and provides equity research on Eldorado Gold Corp. ( NYSE : EGO ) ( TSX : ELD ) and AuRico Gold Inc. ( NYSE : AUQ ) ( TSX : AUQ ).

“We expect fears towards the fiscal outlook will likely intensify during the fourth quarter along with the possibility of a U.S. credit downgrade event. This will prove to be most beneficial to the precious metals complex and specifically gold, in our view,” Deutsche Bank analysts said in a report.
Commerzbank analysts noted that exchange-traded funds have recently increased their holdings of physical gold. ETF’s holdings of bullion on Wednesday reached a record of 2,554 tons, an increase of 164 tons since the end of July Commerzbank reported.

Paragon Report releases regular market updates on the Gold Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free atwww.ParagonReport.com and get exclusive access to our numerous stock reports and industry newsletters.

Eldorado is a gold producing, exploration and development company actively growing businesses in Turkey, China, Greece, Brazil and Romania. The company recently reported that the Preliminary Environmental License (PEL) for the Tocantinzinho has been granted by the Environmental Council of Para State, Brazil.

AuRico’s core operations include the Ocampo mine in Chihuahua State, the El Chanate mine in Sonora State and the Young-Davidson gold mine in northern Ontario, which declared commercial production on September 1st, 2012. The company recently announced the appointment of Mr. Daniel Gignac as Vice President Operations, Mexico.

Check your regular financial news for useful updates on asset buying and investing such as A Record High In Gold Holdings, Gold Price All Time High.

Visit Yahoo Finance to see the full article.

Gold hits the spot, nearing $2000 price

Euro Crisis, Gold Price No Responses »

Oct 112012

Gold hits the spot, nearing $2000 price

If you are in gold investment right now, then you are in a sweet spot with gold foreseen to go as high as $2000/ oz. And if you’re not, then I suggest you start rethinking your portfolio and get some gold assets because it is good to be gold right now. Gold Hits The Spot, Nearing $2000 Price should be taken advantage of as top investors are leaning toward gold. This means gold is in safe standing and it is in demand, hence prices can only go up. Indeed, gold is still seen to consolidate even further with the present economic situation.

Look at some key points from Seeking Alpha’s article.

As a result of the recent barrage of aggressive central banking action, October gold futures are not only making new 2012 highs, but are also approaching a key technical level:

While not a technical top, the $1,790-$1,800 region has acted as an area of strong resistance since November. After bottoming around $1,530, gold moved in a sideways pattern in which a series of higher lows were made before the commodity broke out above $1,600 on QE3 speculation. Over the past three weeks, gold has been in another consolidation pattern between $1,760 and $1,780.

Fundamentally, gold has a lot of catalysts to send it well above the year-to-date highs.
QE∞
While not a unique position, some investment theses are simpler than others. By now, the mechanics of QE3 are well understood. $40 billion in monthly liquidity will be pumped into the U.S. financial system until the employment picture improves markedly; this language has major significance for the price of gold.
Unlike Operation Twist, QE3 will be a “flow” program. Flow programs add incremental liquidity to the system, whereas OT merely altered the stock of the Fed’s balance sheet by shifting the duration of the securities. Expansion of the Fed’s balance sheet has a directly positive effect on M2, and, in theory, should lower interest rates even further and light a fire under assets that are beneficiaries of inflation.
Though gold already made a swift move from $1,600 to the recent year-to-date highs of $1,780, the key here is the open-endedness of the operation. Annually, at least $480 billion in liquidity will used to purchase MBS; this compares to a total of $600 billion in QE2. Gold prices will continue to trend upward over time in order to reflect the expansion of the balance sheet.

Given the flow of our prevailing monetary events, thinking gold is the right way to go. It is safe, its price keeps getting better, and demand keeps getting higher. Gold Hits The Spot, Nearing $2000 Price is very lucrative right now. Serious investors will surely jump on this opening. Gold as a medium of investment is not only sensible, but it could be the only way to go. Passing this up will truly be a loss to any aspiring investors.

For the full commentary, go to Seeking Alpha.

Gold Holds Strong Amidst Developments in Eurozone

Federal Reserve, Gold Price No Responses »

Oct 082012

Gold Holds Strong Amidst Developments in Eurozone

Gold is holding strong in the course of protests and confusion in the Eurozone. Gold Holds Strong Amidst Developments in Eurozone is seen to keep going uphill as Central Banks continue with the pro-stimulus bullion trends.

Furthermore, a growing number of countries are upping their gold reserves by the tonnes showing renewed support for this precious metal. In the wake of this positive move, we can see private sectors doing the same. And it has been said before that this upward movement of the gold trend is far from over.

Here is the report from Reuters.

Scenes of large-scale protests against anti-austerity measures in Spain rekindled fears about the region’s three-year-old debt crisis. European Central Bank President Mario Draghi offered a vigorous defense of the ECB’s bond-buying plans and said it was now up to governments to follow with decisive policy steps of their own.

Gold is still 4 percent higher for September following a sharp rally on hopes the central banks will keep the credit flowing by offering bullion-friendly stimulus.

“Gold is likely to continue to consolidate. Maybe a shoe drops over in Europe and that knocks gold prices which are overbought at these levels,” said Phillip Streible, senior commodities broker at futures brokerage R.J. O’Brien.

Traders said that some disappointed futures investors sold as current prices were over $30 or 2 percent below the popular $1,800 call strike at the U.S. COMEX October gold option expiration at end of business Tuesday. (COMEX options interest: link.reuters.com/xaj82t)

The gold market was still underpinned by news earlier in the day that South Korea and Paraguay both significantly added gold to their reserves in July, highlighting strong interest in gold among the official sector.

Spot gold inched down 0.2 percent to $1,760.25 an ounce by 3:06 p.m. EDT (1906 GMT). The metal hit a near-seven month high at $1,787.20 an ounce last week, but has since met technical resistance to break above this year’s high at $1,790.30.

U.S. COMEX gold futures for December delivery settled up $1.80 at $1,766.40 an ounce, with trading volume about 20 percent below its 250-day average, preliminary Reuters data showed.

COMEX futures’ open interest, which measures outstanding long and short contracts, rose to a one-year high of 490,744 lots as of Friday. Open interest in U.S. gold futures has gained more than 25 percent in the past 30 days.

CENTRAL BANKS BUY GOLD AGAIN

Data from the International Monetary Fund on Tuesday showed South Korea raised its holdings of gold by nearly 16 tonnes in July. The country has doubled its bullion reserves in just one year after being one of the largest purchasers of gold in 2011.

Paraguay also raised its reserves in July from a few thousand ounces to more than 8 tonnes. So far this year, central banks have added a net 262.1 tonnes to their reserves, compared with 203.4 tonnes in the first eight months of 2011.

Private investors have also added to their holdings of gold through exchange-traded funds backed by physical metal, which now hold a record 74.1 million ounces.

In other precious metals, silver edged down 0.7 percent to $33.71. Platinum gained 0.7 percent to $1,626.25 an ounce, while palladium was down 0.9 percent on the day at $634.97 an ounce.

Platinum group metals rebounded, after palladium’s biggest one-day drop in six months on Monday, as platinum output appeared to return to normal in top producer South Africa. 3:06 PM EDT LAST/ NET PCT LOW HIGH CURRENT

While the Eurozone faces these hurdles, investors are not thwarted, be they government or private sectors. Gold Holds Strong Amidst Developments in Eurozone will cushion the crash when the inevitable comes, as what gold always has done in the past. The question is what will we do when the crash comes? The answer, do not wait until the last minute. Buy gold now.

Go to the Reuters article here.

Gold Price Manipulation

Gold Price No Responses »

Sep 292012

Gold Price Manipulation

The Market Oracle recently posted an article from the Gold Silver Worlds website which is truly a food for
thought especially for those who are investing enthusiasts. Laid out in great detail is the intriguing design of the economic world. This kind of information will come as a valuable weapon when battling the different shady entities and operations surrounding the Gold Price Manipulation. This knowledge shall be for protecting your good, hard earned money from instances like these. It is true that any business has its down turn, that is why knowledge is key to a successful pursuit.

Read the selection from the said article.

There is much discussion these days as to whether the price of gold is being manipulated. The answer is simply “yes.”

It is likely that most potential gold investors would agree that the major financial institutions have the ability to influence the gold price. They would also agree that to do so would be of benefit to those institutions.

Much of the manipulations that financial institutions perform are complex and confusing to those who are not involved in the industry, and this is intentional. The muddier the waters, the less transparent the activities are.

Of course, this charade cannot go on forever. Eventually, the buyers realise what is being done and will then demand delivery of their gold. This will bring about two major events: a crash in the paper gold market and a dramatic increase in the price of physical gold.

The Crash of Paper Gold
The demand for allocated gold increases. Traditionally, a large portion of gold investment has been in ETFs and similar methods. As more investors get word of rumours that banks are actually holding only a small fraction of the gold that has been sold, they will decide only to buy if the gold is “allocated”; that is, that specific numbered bars or specific boxes of coins are being held for the buyer. (This trend already exists and is becoming more prevalent.) At this point, there is no panic, as the allocated gold simply replaces the ETFs. The amount of money invested in gold with the banks overall remains about the same.

Fear increases that allocated gold is no safer than ETFs. Rumours surface that the “allocated” gold does not exist. Either it never existed, or it has been sold without advising the owner. (This stage has also begun.)

Investors begin to lose faith in the banks. Holders of allocated gold show up at the bank, demanding to view their gold. They will be shown a portion of the gold that the bank actually holds. Some owners will recognise that what they have been shown is not the gold that had been allocated (incorrect serial numbers). The owners may then demand to withdraw their gold from the bank. (This has begun in a small way in London, Zurich and other European centres, but is, at present, a rarity.) As rumours spread of the above, an increasing number of owners will show up at their banks to view their gold and will demand to withdraw it.

When it occurs, the paper gold crash will send a shock wave around the world. It is well-known that the world’s banks are building up their own inventories of gold, and these are kept separate from what they owe the buyers of allocated gold. It remains to be seen whether the banks will be ordered by the various governments to deliver their own gold to the owners, but this seems unlikely when we observe the many cases in which banks are allowed to fail to compensate their clients whist walking away with large sums themselves.

The Climb of the Gold Price
With the increased demand will be a predictably increased price. But there will be a second reason for increased price: the elimination of the price manipulation due to the sale of non-existent gold. Gold, once free of its primary form of manipulation, will experience greater and more regular increases in price, which will introduce the mania stage of gold’s rise.

For any investor whose gold is held in any way by others (ETFs, allocated gold in a bank, physical gold in a bank safe deposit box), he would be well-advised to take delivery as soon as possible, if he is to be assured of actual ownership.

Some people say have more faith. Some people say show me the money. When it comes to Gold Price Manipulation, it is always wise to stick with the latter. In the business world, solid, physical proof of merchandise must be practiced for a full transparency. This is most true when dealing with gold. Why will you trust someone else with your own investment? Take matters into your own hands, keep your options open, learn your way around. This is real investing. And it will be the more rewarding because you played an integral part on it.

For more details, visit the goldsilverworlds.com

Bullion Dealers See Gold to Elevated Levels

Federal Reserve, Gold and Silver Investment No Responses »

Sep 022012

Gold could go up to $1,700. That’s what financial experts (Bankers, Analysts, Asset Managers, & Bullion Dealers) predicted in the latest Kitco survey this week.

Sources from Forbes.com put forward this announcement following the said survey. Bullion Dealers See Gold to Elevated Levels according to those who replied to this survey.

Further positive outlook is being believed in anticipation of the updated Federal Open Market bulletin.

The following contents are from the Forbes website on Kitco news.

“After pushing through resistance at the $1,650 an ounce level, basis the December gold futures at the Comex division of the New York Mercantile Exchange, a majority of participants in the weekly Kitco News Gold Survey see gold prices building on the gains.

In the Kitco News Gold Survey, out of 32 participants, 24 responded this week. Of those 24 participants, 13 see prices up, while five see prices down, and six are neutral or see prices moving sideways. Market participants include bullion dealers, investment banks, futures traders, money managers and technical-chart analysts.

Those who see higher prices said momentum could push values up, with a trip to $1,700 possible. Also, gold might try to hold its firmer tone ahead of the Federal Reserve confab next week in Jackson Hole, Wyo., as gold bulls hope Fed Chairman Ben Bernanke will tip his hand to show if there is any timeframe for possible stimulus. After this week’s Federal Open Market Committee meeting minutes for August were released, gold price rallied on thoughts the Fed was inching closer to action.

Those who see weaker prices said they expect some sort of retracement after this week’s gains, especially if there are no soothing words from Bernanke

Jimmy Tintle, owner, GreenKey Alternative Asset Services, said while another round of quantitative easing could be implemented, the question is when. “I don’t think the Fed is going to make any extreme moves (on) inflation until after the election and most likely not until 2013. This will put some bearish pressure back on gold,” Tintle said. “Reports from the U.S. have shown some stability in the economic recovery and I think the Fed understands this. The one report that may show a little more evidence in how the economy is looking going forward is September’s employment report. This will be a key report for me and probably many others on whether the Fed will release QE 3 before the end of the year.”

Those who are neutral on gold said they expect gold to consolidate at current levels after the sizable run up in prices this week.”

With this kind of testimony surrounding the gold price, it is clear where consumer support will prevail these coming days. While Bullion Dealers See Gold to Elevated Levels, the great majority should tag on the constructive prospect for a gainful conclusion.

Explore the original editorial now. Click here

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