Gold Firm Owner Sentenced in $29.5 Million Ponzi Scheme

Lynn On January 11, 2012 / General Market, Gold

Gold Firm Owner Sentenced in $29.5 Million Ponzi Scheme By: Jon Burstein, Sun Sentinel The founder of a Lake Worth-based precious metals firm that was a front for a $29.5 million fraud was sentenced in late November to more than 12 years in prison. Jamie Campany, the owner

Current Market Update

Lynn On January 5, 2012 / Daily Market Watch, General Market, Gold, Silver

Current Metals Market Update By: John Fisher Here is an overview of the current and significant action in the market: Euro is falling fast and hard 1.30 to below 1.285 in just this week so far. Why? A combination of the following: The Greek Prime Minister has

WARNING: Gold Buying Rip-offs – Borrow to Buy

Lynn On January 5, 2012 / General Market, Gold, Silver

WARNING: Gold Buying Rip-offs – Borrow to Buy I continue to receive calls from investors who has fallen victim to one of the hot gold buying telemarketing pitches. The basic pitch – “You put up a little money, we’ll borrow you the rest.” These telemarketing firms promise

2012 Gold Averages: Goldman $1,810/oz, Barclays $2,000/oz and UBS $2,050/oz

Lynn On January 4, 2012 / General Market, Gold

By: GoldCore 2012 Gold Averages – Central banks are also almost certainly buying gold at these levels as they have been doing in recent months on corrections. Absolutely nothing has changed regarding the fundamentals driving the gold bull market despite this most recent sell off. Indeed, the

Beijing to Diversify Out of Euro & Dollar

Lynn On December 28, 2011 / General Market, Gold

By: Reuters “The Chinese government should not only be cautious of the imported risk caused by rising global inflation, but also further optimize its foreign-exchange portfolio and purchase gold assets when the gold price shows a favorable fluctuation,” said Zhang Jianhua, director of the research bureau

Gold Price May Fall Under Year-End Selling, But Fundamentals Sound – HSBC

Lynn On December 14, 2011 / General Market, Gold

By: Kitco News- 14 December 2011, 9:10 a.m. (Kitco News) -Gold Price May Fall Under Year-End Selling: Year-end activities may be weighing on gold prices and the recent weakness does not necessarily reflect underlying fundamentals, says HSBC. The bank says some macro hedge funds are selling gold

Where is Gold Headed in 2012

Lynn On December 8, 2011 / General Market, Gold

By: The World Gold Council Watch this 7 minute video by the World Gold Council for their prognosis for gold prices in 2012 to determine where gold is headed: Click here for the World Gold Council Q3 2011 Summary Video The World Gold Council is the global

Morgan Stanley Defies JP Morgan Short Position – Says Prefers Gold & Silver in 2011

Lynn On December 1, 2011 / General Market, Gold, Silver

Morgan Stanley Defies JP Morgan Short Position (Reuters) Wed Nov 30, 2011 1:30am EST – Morgan Stanley defies JP Morgan short position and said it prefers exposure to gold, silver and livestock in the coming year, as such commodities perform well in a global economic slowdown. The bank’s

AAA Ratings are now Threatened – Negative Outlooks Abound

Lynn On November 30, 2011 / Daily Market Watch, Gold, Silver

AAA Ratings are now Threatened – Negative Outlooks Abound By: John Fisher Despite the fact that the news has been peppered with commentary on downgrading of sovereign debt in Europe and the U.S. by several credit agencies and major bankruptcy filings (MF Global, AMR Corp) in the

Can Gold Save the Eurozone?

Lynn On November 23, 2011 / Daily Market Watch, General Market, Gold

Can Gold Save the Eurozone? By Catherine Tymkiw, November 23, 2011 (CNNMoney) — With no end to the eurozone debt crisis in sight, there has also been no end to the stream of possible solutions. The latest involves using gold as collateral. The real question is can

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