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Live London Gold News Wire
1 to 2 hours old
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Things That Make You Go Hmmm... Like A 'Run' On The Gold 'Bank'16:21
Zero Hedge
4 to 6 hours old
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Prices of gold‚ silver slump in the week13:55
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6 to 8 hours old
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Gold And Silver Nothing Is Ever As It Seems And No Respite For PMs11:10
The Market Oracle - The Market Oracle
Bullish Reversal in Gold Miners but Metals Remain in Question11:00
The Market Oracle - The Market Oracle
Barrick Gold's Equinox Acquisition Is Officially A Bust10:24
SeekingAlpha
Gold imports crawl in Dec10:04
The Business Standard - Markets
Earlier Today
www.usagold.com --LIVE NEWS--
Gold Investors Weekly Review – December 19th08:46
Gold Silver Worlds
Price of Gold in 2015: Can It Regain Its Luster?08:06
The Motley Fool
Gold Coins: For the Zombie Apocalypse, but Not for Investors07:06
The Motley Fool
Update: Gold Resource Leases Second Nevada Property06:13
SeekingAlpha
Gold bounces higher on seasonal uptick, global support05:11
The Asian Age - Business
Gold recovers on fresh demand; silver remains weak04:59
The Hindu - Business
Gold recovers on fresh demand; silver remains weak04:41
The Financial Express - Commodities
Gold bounces higher on seasonal uptick, global support04:33
Deccan Herald
Gold bounces higher on seasonal uptick, global support04:15
Business Today - Commodities
Gold bounces higher on seasonal uptick, global support04:11
The Times of India - International Business
Gold bounces higher on seasonal uptick, global support03:57
The Financial Express
Gold bounces higher on seasonal uptick, global support03:57
The Economic Times - Markets
Gold Outlook 2015: Prices could drop to $1,000 an ounce02:39
IBTimes.co.uk - Markets
Lake Shore Gold Reduces Financial Risk; Low Oil To Cut OPEX01:11
SeekingAlpha
A week in gold: Hope for 2015 suggests bank00:45
Proactive Investors (UK)
Yesterday
www.usagold.com --LIVE NEWS--
Gold imports grind to a halt23:53
The Business Standard - Economy-Policy
Kazakhmys Gold Kyrgyzstan gets license to export 600 tons of copper-gold concentrate from Bozymchak deposit23:38
Akipress
Update: Alacer Gold Announces An Increase In Its Heap Leach Pad Capacity At Copler By 14%23:11
SeekingAlpha
Update: Kinross Gold Completes The Sale Of Fruta Del Norte22:11
SeekingAlpha
Monex Precious Metals Review: Gold rises to $1217, Silver 16.9222:09
Bullion Street
Update: Scorpio Mining/U.S. Silver & Gold Receive Shareholder Approval For Business Combination22:01
SeekingAlpha
Update: Chesapeake Gold Releases Details Regarding Its New 2-Phase Metates Mine Plan21:35
SeekingAlpha - Industrial Goods
Update: Lake Shore Gold Repays Credit Facility And Provides 2015 Guidance21:00
SeekingAlpha
Gold Futures Prices Likely To Be Above RM130 A Gramme20:47
Bernama - Malaysian National News Agency - Markets
Russia Not Selling Gold, It's Buying; Reflections on Extremely Sloppy Reporting20:32
Mish's Global Economic Trend Analysis (Weblog)
Update: Barrick Gold Is Putting Pressure On The Zambian Government19:30
SeekingAlpha
Update: Lake Shore Gold's Guidance Confirms My 'Plateau' Theory19:10
SeekingAlpha
Gold is losing its shine for investors18:45
Boston Globe - Business
Update: Timmins Gold To Purchase Caballo Blanco Project From Goldgroup Mining18:09
SeekingAlpha
Massive B.C. gold mine near Alaska border gets environmental approval16:47
Canadian Business Magazine
Canada approves world's largest copper-gold project16:40
Mining.com
Remarkable Action on Dollar and Gold Charts15:31
Gold Silver Worlds
Gold Stocks to Shine in 201515:04
The Market Oracle - The Market Oracle
Gold and Silver Relative Calm in Wild Markets14:54
The Market Oracle - The Market Oracle
Update: Barrick Gold Suspends Its Lumwana Mine As The Royalty Rate Spikes To 20%14:38
SeekingAlpha
Gold Seeker Weekly Wrap-Up: Gold and Silver Fall Over 2% and 5% on the Week14:25
GoldSeek.com
Gold up 0.1% at $1,196; WTO jumps 4.4% to settle at $56.5214:00
Proactive Investors (USA & Canada)
COT Gold, Silver and US Dollar Index Report - December 19, 201413:34
GoldSeek.com
Metals Stocks: Gold edges up Friday, but loses 2.2% for the week13:26
MarketWatch
Why A Turnaround At Yamana Gold Cannot Be Ruled Out13:18
SeekingAlpha
Most Analysts Expect Gold To Stabilize During Quiet Holiday Period13:10
Forbes.com - Business
Gold tooth lands in Missouri Salvation Army kettle11:27
Reuters - Industry, Materials & Utilities
US Dollar and the Gold Fairy Tale11:10
The Market Oracle - The Market Oracle
Colombia fixes moorland boundaries affecting gold miners10:48
Reuters.co.uk - Regulatory News

Gold Consolidates Below $1200

by Peter A. Grant

December 19, AM
(from USAGOLD.com) --

Gold looks to be ending the week on a consolidative note, just below the $1200 level. Perhaps some uncertainty about the longer-term implications of the Fed's non-decision this week has the market temporarily befuddled.

Make no mistake though, the age of ├╝ber-accommodative monetary policy is not going away any time soon. The stock market seems to love that news. The dollar remains firm as well, because there are still expectations that the Fed will start raising rates next year.

Those two factors could be viewed as negatives for gold, and yet the yellow metal remains underpinned. I think that is the result of a general sense of unease in the markets. Something just doesn't feel right...

The diverging monetary policy meme has been a primary driver of the dollar in the latter half of the year. The expectation is that the BoJ, ECB and PBoC will continue to ease, while the Fed moves toward tightening.

Like every other central bank though, the Fed does not want to see a stronger currency. With everyone else easing I think as hawkish as the Fed gets is to hold steady.

Jim Rickards seems to agree. He doesn't see the Fed raising rates next year. And he goes so far as to predict QE4 in early 2016!

The logic is pretty simple: Tightening is dollar favorable. Dollar strength is deflationary. The last thing the Fed wants is deflation. In fact, they and every other central bank have been desperately trying to manufacture INflation. Therefore, tightening while negative price risks remain would be counterproductive.

The recent plunge in energy prices further complicates things by putting additional downward pressure on prices. The Japanese have been fighting the "deflationary mindset" for more than two-decades now with little to show for it beyond a massive amount of debt and a huge central bank balance sheet.

Here in the States, we're now well past the midpoint of our first lost decade. The country is now $18 trillion in debt and the Fed's balance sheet stands at $4.5 trillion. And still we remain below targeted inflation.

Now the ECB seems to be prepping for a journey down the same path. There is growing expectations that the ECB will announce sovereign debt purchases at their January meeting, despite outstanding questions about the legality and persistent objections from Germany.

The only thing the BoJ, BoE and Fed QE programs have succeeded in doing is buying more time. It is expensive time indeed, which will still inevitably run out.

I will be out of the office the week of Christmas, therefore this page will not be updated.

Opinions expressed in commentary on the USAGOLD.com website do not constitute an offer to buy or sell, or the solicitation of an offer to buy or sell any precious metals product, nor should they be viewed in any way as investment advice or advice to buy, sell or hold. USAGOLD, Inc. recommends the purchase of physical precious metals for asset preservation purposes, not speculation. Utilization of these opinions for speculative purposes is neither suggested nor advised. Commentary is strictly for educational purposes, and as such USAGOLD does not warrant or guarantee the accuracy, timeliness or completeness of the information found here.

 

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