Groundbreaking Developments in Gold and Mineral Exploration
By oilguy
Published: March 11, 2010
I’m spending a few days in Toronto at the Prospectors and Developers Association of Canada annual conference.
This is one of the mining industry’s largest events. Thousands of companies descend on the site to promote their projects. Financiers from across the globe come armed with billions of dollars slated for mineral investment.
A disaster around the corner? CDS to settle in Gold
By Investing Contrarian
Published: March 9, 2010
There seems to be some kind of new trend developing in large opaque world of credit derivatives. Traders seem to demand CDS payment in Gold rather than in EURO which was the currency of choice till now.
Janet Tavakoli of Tavakoli Structured Finance, Inc. writes:
Remember AIG? When prices moved against AIG on its credit default [...]
Dubai imports $ 29 bn in Gold
By Investing Contrarian
Published: March 9, 2010
From a blog Arabian Money
The shift in interest from gold as a raw material for jewelry manufacture to pure investment use mainly accounted for a 15 per cent fall in gold imports to Dubai last year.
Yet the City of Gold still traded a whopping 576 tonnes of the yellow metal, albeit down from 674 tonnes [...]
In Gold we Trust
By 118albion
Published: March 8, 2010
A very useful primer on Gold and its unstoppable rise:
I think every bullion banker should read it and next they will think twice before they short it.
In Gold we Trust
Fresbee
Gold updates and Introspection
By Investing Contrarian
Published: March 7, 2010
Gold is in what I call “No Mans Land”. It is one of the most difficult situations to be in as there are equal number of Gold bears and bugs around. Mind you Gold bugs: Bears have their case and it is not as bad as it looks like for the bears.
But I personally think [...]
India wants to buy more GOLD: A price war in making?
By Investing Contrarian
Published: February 27, 2010
This is disaster for the bullion banks and the FED. With China and India both in the fray to lap up the remaining Gold from the IMF, I cannot imagine the consequences for the bullion banks.
The Reserve Bank of India (RBI), which has increased its gold holdings to diversify its reserves, looks set to be [...]
China: We want to buy IMF Gold
By Investing Contrarian
Published: February 26, 2010
China has confirmed the intention to purchase 191.3 tons of gold from the International Monetary Fund at an open auction, Finmarket news agency said.
World central banks started to increase their gold reserves after prices on gold began to climb in 2001. The IMF sells gold within the scope of a program to diversify sources of [...]
Goldonomics: The Economics of Gold
By Investing Contrarian
Published: February 21, 2010
Gold Economics is an art in itself and I think B-Schools should start introducing this as part of their courses. Of special mention should be the study of Gold price suppression and how it is essential for the survival of capital markets. I call it GOLDONOMICS: The Economics of Gold.
Attached is summary of latest demand [...]
Gold: The Ultimate Flummox
By Investing Contrarian
Published: February 19, 2010
Gold continues to flummox.
Soros made headlines as he called Gold “ultimate bubble” while all the while he was buying into Gold trust.
NYTimes reports:
Billionaire investor George Soros’ hedge fund more than doubled its bet on the price of gold during the fourth quarter, a portion of the firm’s total U.S.-listed equity holdings of $8.8 billion [...]
India: Gold exports rise
By Investing Contrarian
Published: February 19, 2010
Exports of gems and jewellery from India advanced 62% in January to $2.6 billion (Rs12,012 crore), said the gem and jewellery export promotion council. Shipments rose from $1.6 billion in the same period a year earlier, according to preliminary data published by the council’s web site. Exports in the April-January period climbed to $22.5 billion, [...]
