Monday, August 19, 2013

Jeff Christian turns positive on Gold Price

The perma-bear Jeff Christian thinks gold prices will increase throughout the remainder of August. Considering that he has been pouring cold water on the idea of a rising gold price is this Jeff's "back up the truck moment"?

Click on the image to access the video (warning you will have to sit thru two mediocre Canadian ads at the start)

Bloomberg - Gold Prices May Reach $1,450

Yes the summer doldrums are over now that Bloomberg is gushing over gold and discussing backwardation. 

Aug. 19 (Bloomberg) –- Bloomberg's Mia Saini discusses what's fueling the rally in gold with Susan Li on Bloomberg Television's "First Up."

GATA will be at the Gold Investment Symposium in Sydney on Oct. 16-17

GATA will make its first foray to Australia as your secretary/treasurer speaks at the Gold Investment Symposium in Sydney on Wednesday and Thursday, October 16 and 17, joining, among others, gold advocates like John Butler of Atom Capital in London, Rick Rule of Sprott Global Resources Investments, Jeff Berwick of The Dollar Vigilante, and the leader of the gold cause in New Zealand, Louis Boulanger of LB Now Ltd. in Auckland.
The symposium also will be attended by hundreds of resource company executives, retail and institutional investors, fund and portfolio managers, market analysts, and brokers.
The symposium will be held at the conference center at Luna Park overlooking Sydney Harbor, and discounted accommodation is available to symposium participants adjacently at The Vibe hotel. 
The symposium's Internet site can tell you all about it and allow you to register for it: 
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

World Gold Council - Gold Demand Trends Q2 2013

Latest report from the World Gold Council. Full report can be downloaded here 

Highlights from the report:
Global Gold Market: Second quarter 2013 review
  • Jewellery: Multi-year high in the jewellery sector as lower prices generated a surge in demand from consumers.
  • Investment: Record demand for gold bars and coins was countered by sizeable net outflows from ETFs, resulting in a year-on-year decline in overall investment demand relative to Q2 2012.
  • Technology: Technology sector saw marginal growth, the 1% year-on-year increase the first in two years.
  • Central Banks: Central banks demand slowed in Q2 2013 from record quarter in year previous, marking tenth consecutive quarter of purchases.
  • Supply: Total gold supply shrunk 6% from Q2 2012, almost solely due to the reduction in recycling
Gold demand statistics:
Latest statistics on gold’s global supply and demand. View Q2 2013 Gold statistics.
Published on Aug 14, 2013
David Lamb, Managing Director Jewellery, talks through the findings from the Q2 2013 Gold Demand Trends report.

Andy Hoffman - Demand for Gold and Silver will overwhelm the Manipulation

From FinanceAndLiberty

Brother JohnF - Cooking The Books

From BrotherJohnF

Gold Now Beginning Its Long-Awaited Ascent

From Tekoa Da Silva

NSA snooping could cost US tech companies up to $35bn over 3 years

From RussiaToday

Published on Aug 18, 2013
The role of America's intelligence boss on the panel reviewing government surveillance programmes is causing controversy. James Clapper was expected to lead the inquiry, which was promised to be independent - but now it looks like he'll only have a limited part to play. And all this scrutiny of spying methods is costing big tech companies, big money.