Gold News
On the gold front we’re at the end of another month (maybe Mckenna was onto something about timing speeding up after all?) and it’s looking like gold will be putting in back-to-back down months. This will only be the 12th time that gold has achieved such a feat in the entirety of its 12 year [...]
We’re shocked, shocked we tell you! The OECD, a very un-independent think tank (it gets its funding from the taxpayers of the member countries don’t forget), is out today with a report on its forecasts for GDP growth for member countries including the UK. And the result? That the UK will offficially be back in [...]
Today we have the perfect example of the media bias against gold that we were talking about just this morning. In a piece titled “Gold:Time to fall out of love, it hurts India’s economy”, that appeared today on the news site for NDTV (one of India’s top TV broadcasters), they take gold bashing and poor [...]
The gold price ended up giving about 2% yesterday and manage to close out the day around the $1665 level after getting as low as $1655. This morning gold once again tested the $1655 area before rebounding this afternoon back to the $1661 level. The price action will be a disappointment for bulls especially after [...]
Bill Gross has certainly become a very interesting character since the financial crisis kicked into top gear in 2008. For those that don’t know he runs Pimco, which is the biggest private buyer of bonds on the planet and as such he has always been viewed as very much a ‘connected insider’ – after all [...]
After the pop higher on monday the gold price has been drifting lower again. Gold is back trading around the $1670/£1050 level today after nearly getting as high as $1700 yesterday before pairing gains to close out the day around the $1680 level. Interestingly gold is fairing better in £ terms – no doubt on [...]
The UK’s government funded Office for National Statistics were out today with their final figures for Q4 GDP. According to the ONS the UK economy shrunk by a recessionary -0.3% in the last quarter of 2011 (but apparently grew 0.7% for the whole of 2011), something that regular readers of Gold Made Simple News will [...]
I was thinking of starting this blog with a cynical comment along the lines of, last week equity markets came off, I think we need another €1 trillion from the ECB! – Okay, maybe it wasn’t the greatest joke but you get the idea. But then the Wall Street Journal beat me to it, and [...]
Just three short trading days ago, with gold still bouncing around the $1630-40 level it was looking likely that the gold price would suffer back-to-back monthly loses. With gold at those levels we noted: Whilst there are still 2 trading weeks left in March, gold needs to add 3% just to finish flat – something [...]
For those still putting energy into gleaming facts about what’s happening in the world from the MSM you’ve probably heard them try and tell you that Ron Paul’s presidential campaign has come and gone and is essentially just winding down. But is it really? Putting aside the stunningly obvious but astonishing non-reporting of the seemingly [...]
