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Seattle, WA

Gold prices advance on rising physical demand, mixed U.S....

Investing.com - Gold prices posted hefty gains on Friday on reports that physical demand is picking up, while uncertainty over the fate of monetary stimulus programs in the U.S. bolstered the precious metal's safe haven appeal. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at USD1,378.40 during U.S. afternoon hours, up 1.29%. Gold prices hit a session low of USD1,357.10 a troy ounce and high of USD1,379.10 a troy ounce. The December contract settled up 2.06% at USD1,360.90 a troy ounce on Thursday. Gold futures were likely to find support at USD1,315.40 a troy ounce, Wednesday's low, and resistance at USD1,391.35, the high from June 17. Reports that physical demand for gold is on the rise in Asia bolstered prices on Friday amid technical buying. Elsewhere a mixed bag of U.S. economic indicators began to fuel sentiments that the U.S. economy is recovery but at a sluggish clip, and an eventual Federal Reserve decision to begin tapering monetary stimulus measures will take place so gradually that gold will still enjoy monetary support for the long term. Monetary stimulus programs such as the Fed's USD85 billion in monthly asset purchases tend to weaken the dollar by driving down long-term interest rates, which makes gold an attractive venue as long as such tools remain in place even if at a lesser amount. Gold and the dollar tend to trade inversely from one another. The Commerce Department reported earlier that U.S. building permits rose 2.7% to 943,000 units in July, just shy of expectations for a 2.9% increase to 945,000 units although June's figure was revised up to 918,000 units from 911,000. The government added that housing starts rose 5.9% to 896,000 units in July, missing expectations for a 8.3% increase to 900,000 units. Still, June's figure was revised up to 846,000 units from 836,000. Elsewhere, the Thomson Reuters/University of Michigan's preliminary consumer sentiment index fell to 80.0 in August from 85.1 in July. Analysts were expecting the index to rise to 85.5 this month. Not all U.S. data missed expectations. The Bureau of Labor Statistics said in a preliminary report that nonfarm productivity rose 0.9% in the second quarter, beating expectations for a 0.6% gain after a 1.7% decline in the previous quarter. Also on the Comex, silver for September delivery was up 1.57% at USD23.295 a troy ounce, while copper for September delivery was up 0.82% and trading at USD3.365 a pound. RELATED ARTICLE: http://www.slidesh are.net/ademeabdul lah/tana-goldfield s-united-kingdom-2 2419006 http://tanagoldfie ldsarticles.quora. com/TANA-GOLDFIELD S-Articles-10-Tips -How-to-Avoid-Gold -Investment-Scams  (Aug 21, 2013 | post #1)

Dallas, TX

Don't Cry For The Gold Bugs: When Gold's A Good Investmen...

Running a leveraged hedge fund with a long position in gold has not been a lot of fun lately. The price of gold closed in New York at $1,225.20/oz on Wednesday. This was down by 4.1% on the day, lower by 18.6% year-to-date, and down by more than 35% from gold’s peak on September 6, 2011. I have never owned gold. For years, people have asked me if gold is a good investment. My answer has always been the same: “It had better not be.” This is because if gold is a good investment, neither America nor ordinary Americans are likely to do very well. Historically, this has been the case. The periods during which gold has been a good investment (the 1970s and the 2000s) have been terrible for the economy, and awful for the average citizen. Now, has the recent fall in gold prices caused “massive losses?” No. Speculation is a zero-sum game. Think of the gold market as a bunch of guys locked in a room with a fixed amount of dollars and a fixed amount of gold. All they can do is trade gold and money among themselves. For every seller, there is a buyer; and for every loser, there is a winner. Their game cannot impose losses on the people outside the room. Now, wildly fluctuating gold prices do imply large changes in the real value of the dollar, and that is a bad thing. An unstable currency imposes huge costs on the economy, but it does so through misdirection of capital investment (including the development of new gold mines that no one needs), not via losses on commodity speculation. Was gold “worth” $1,895.00/oz on September 6, 2011? Yes, in the sense that participants in a deep, liquid, world-wide market were willing to trade 1,895 dollars for one ounce of gold on that day. No, if judged in the light of historical relationships with other real goods and services. In 1967, 57.14 ounces of gold would buy you a new VW Beetle with no air conditioning, no power anything, and 53 horsepower. On September 6, 2011, the same amount of gold would have allowed you to purchase a new 2012 Mercedes S550 with 429 horsepower and every luxury feature known to man. In 1967, an ounce of gold was worth $35.00, which would buy 78 Big Macs. On September 6, 2011, McDonalds would have been happy to sell you 466 Big Macs for the $1,895.00 that you could have obtained for the same one ounce of gold. Yesterday (June 26), an ounce of gold would still have gotten you 301 Big Macs. Could gold fall farther? Yes. The price of gold and the general price level always equilibrate eventually. In other words, a gold price of $1,895.00/oz on September 6, 2011 made it certain that either gold prices would fall (by a lot), or inflation would rise (by a lot). How much farther could gold fall? Well, the price of gold would have to go to $316.56 just to restore parity with the Big Mac. And, a $35/oz gold price in 1967 would be the same as $192.50/oz today, after adjustment via the GDP Deflator. The falling price of gold has certainly boosted the Real Dow, which is the Dow Jones Industrial Average divided by the price of gold. In fact, as of June 26, the Real Dow is up by 55.5% year to date. The Real Dow is also 90% higher than its low point in this cycle, which was reached in August 2011. An important question is, “Has the Real Dow moved up enough to guarantee the start of a real economic recovery?” After all, thus far, there hasn’t been a lot of GDP growth in President Obama’s so-called “economic recovery,” which is now old enough to start attending the free preschool that he has promised. The answer appears to be, “not yet.” The last time that we had a deep recession was in the early 1980s. That time around, by the time that it was clear that a real economic recovery was under way (the end of 1Q1983), the Real Dow had risen by 105% from its local low point, which was reached in June 1980.  (Jul 1, 2013 | post #1)

Dallas, TX

Investors - Tana Goldfields PLC

http://tanagoldfie lds.co.uk/investor s TANA GOLDFIELDS PLC has a strong investor relations team who will ensure that the company's successes are disseminated through the internet, print media and other channels, including web 2.0 and distribution of content to a variety of smart phones such as Apple and Android. Our Vision: To become a leader in our industry and to become a valued and respected mining company through consistent performance. Our Mission: TANA believes in employing ethical business practices and engaging with the communities, businesses and governments and to operate in work areas with integrity. The demand for precious metals is driven not only by their practical use, but also by their role as investments and a store of value. Historically, precious metals have commanded much higher prices than common industrial metals. Gold and silver, and sometimes other precious metals are often seen as hedges against both inflation and economic downturn. Silver coins have become popular with collectors due to their relative affordability, and unlike most gold and platinum issues which are valued based upon the markets, silver issues are more often valued as collectables, far higher than their actual bullion value. Aside from the economic value of precious metals and their place as a form of stored value, these metals play another role in the world economy and industry. Nanotechnology is developing at a rapid pace and precious metals play a significant role in its development. New applications for gold nanoparticle catalysts are being explored in an array of new areas such as air filtration (including the removal of smells and poisonous carbon monoxide from rooms), pollution control, in fuel cells and in the production of bulk chemicals. Interest in this type of technology is not confined to the 'blue sky' academic research laboratories around the world. Major international companies like 3M, Johnson Matthey and BASF have all confirmed an interest in developing commercial applications for gold catalysts. Registered Address: 11 Church Road, Bookham, Surrey, KT23 3PB Head Office Address: 22 Woodstock Street, London, W1C 2AR Please contact us by email at: [email protected] s.com FOR A DIRECT LINK TO THE GXG EXCHANGE, PLEASE FOLLOW THE LINK BELOW: http://gxgmarkets. co.uk/node/641 FOR TRADING ASSISTANCE For trading assistance - contact a broker - http://gxgmarkets. co.uk/page/list-me mbers  (Apr 29, 2013 | post #1)