TruthInGold''Dollar is not your friend''

A fall in global gold prices has spurred a buying rush for jewelry during the current wedding season. But an even larger fall in silver prices has failed to tempt buyers. When gold prices head higher, Indian consumers often turn to silver. But with gold prices down 13% since September, Indians are stocking up on gold jewelry they couldn’t afford previously, leaving silver items on the store shelves. “When gold becomes expensive, that is when silver comes in favor as a kind of proxy,” said Gnanasekhar Thiagarajan, director of Commtrendz Risk Management, a consultancy. ” But with gold having become so cheap, silver is no longer the first on list.” During the ongoin...

Hedge funds are making the biggest bet ever against gold prices, signaling continued volatility for the metal after prices entered a bear market last month. The chart shows that gains in so-called short contracts are usually followed by increases in a gauge of price swings for the SPDR Gold Trust, the biggest bullion-backed exchange-traded fund. Yesterday, the value of the SPDR Gold ETF climbed as much as $1.5 billion before ending the day down $418 million. Bullion has tumbled 18 percent this year as some investors lost faith in the metal as a store of value and amid concern that the Federal Reserve may scale back economic stimulus. Prices in New York yesterday r...

London-listed gold producer Petropavlovsk has said it will pre-sell 55pc of its future output planned for the second quarter of 2014, at an average price of $1,408 an ounce. This is the first time that a big producer has hedged more than half its future sales. “We have a huge investment programme and thought a little price protection in the short-term will let us sleep better at night,” said chairman Peter Hambro. Tyler Broda from Nomura said this may signal the return of “structural hedging” across the industry, with other companies scrambling to lock in forward contracts. “This could increase the pressure on the spot gold price over the coming year...

Let’s go straight to the conclusion: too many mysteries are occurring in the gold market, in 2013, to accept them as regular facts. No matter at which “side” you are of what we consider the most controversial asset, you simply cannot deny that the following list of events is something stronger than suspicious. Most importantly, although the mainstream media were very fast to announce the potential sale of 10 tonnes of gold by Cyprus, adding to the negativity around the yellow metal, the events in this article are of much higher importance, but they did not make it to the mainstream press. Maybe that is the most suspicious fact of them all. Starting in December of last ...

Silver earned its moniker as the “Devil’s metal” with a day of whipsaw trading that took prices to their lowest level since September 2010. Silver prices began the day with a 9.4% drop in the first 10 minutes of trading, a move so big it forced exchange operator CME Group Inc. to halt trading four times. The metal shot higher almost as quickly about 18 hours later, and at one point was up nearly 4% on the day. It ended between those two extremes, with front-month silver for May delivery gaining 22.9 cents, or 1%, to settle at $22.5680 a troy ounce. Monday’s roller-coaster ride highlights the particular risks of holding silver, which in the past weeks has been ove...

First it was gold, and now it's silver. The metal fell victim to heavy selling on Monday, dragging gold down with it, on U.S. dollar strength and as investors turned more cautious on precious metals as an alternate investment, said experts. "We feel silver weakness has been a liquidation trade as investors grow increasingly wary of precious metals and traders are forced to close positions to meet margin calls elsewhere," said Stan Shamu, strategist at trading firm IG Markets. Silver slumped over 4 percent on Monday to $21.30 an ounce, leading gold down lower by 1 percent to $1,344 an ounce. At one point silver hit a low of $20.30, down 8.8 percent from the start ...

Gold has gone down the toilet again and is now close to revisiting its April lows. This gold weakness is causing a lot of consternation to fans of it who don't understand how the precious metal can keep falling, when central banks around the world continue to press down on the gas pedal. A lot of gold bugs think the price is being manipulated somehow, or that there's some divergence between what's going on in "paper" gold (gold prices that are tied to ETFs) and what's going on in physical gold (people buying ingots or jewelery) Randall W. Forsyth at Barron's fans the flames of goldbug conspiracy theorists a bit this weekend, arguing that there have been suspiciou...