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Live London Gold News Wire
15 to 30 minutes old
www.usagold.com --LIVE NEWS--
Gold holds steady at A$1466 an ounce in Sydney17:08
Proactive Investors (Australia)
30 minutes to 1 hour old
www.usagold.com --LIVE NEWS--
PanTerra Gold chairman increases indirect stake through on-market trade16:48
Proactive Investors (UK)
PanTerra Gold chairman increases indirect stake through on-market trade16:45
Proactive Investors (USA & Canada)
2 to 4 hours old
www.usagold.com --LIVE NEWS--
Gold edges high Friday on the Comex14:17
Proactive Investors (Australia)
Overseas Realty wins Gold for Energy Efficiency13:51
Lakehouse Daily News - Business
Gold Centre shines at tourists fam tour13:51
Lakehouse Daily News - Business
Colombo Gold Centre in Business13:51
Lakehouse Daily News - Business
Pre-booking of world’s longest gold chain begins13:44
Gulf Today - Business
Zimbabwe: Gold, Diamonds to Drive Mining Growth13:38
Gold Fields House sells for $425 million13:31
The Sydney Morning Herald - Business
4 to 6 hours old
www.usagold.com --LIVE NEWS--
Travel Review: A night of luxury at QT Gold Coast12:09
TV3 News - Business News
6 to 8 hours old
www.usagold.com --LIVE NEWS--
Stateside strike gold with Investors in People award10:54
The Bolton News - Business
This Factor Could Propel Gold Mining Stocks Much Higher In 201509:56
Zero Hedge
Earlier Today
www.usagold.com --LIVE NEWS--
Gold survives against all odds09:27
The Hindu Business Line - Markets
Gold tussles with dollar09:00
The Hindu Business Line - News
Update: Kinross Gold Completes Its Sale Of The Fruta Del Norte Project07:20
Sick Market Moves While Gold Remains Weak07:17
Gold News: Forget the Metal, It's Time to Buy the Miners07:12
The Motley Fool
Gold Fields House sells for $425 million05:50
The Age - Business
Gold Fields House sells for $425 million05:46
WA Today - Business - National
China hopes to mine gold from retired jets01:10
HeraldNet, Washington - Business
Boy's High School Soccer: Watsonville wins Homestead Christmas Cup Gold Division, 1-0, over Salinas00:03
Register-Pajaronian, California - Business
www.usagold.com --LIVE NEWS--
Things That Make You Go Hmmm... Like A 'Run' On The Gold 'Bank'16:21
Zero Hedge
Prices of gold‚ silver slump in the week13:55
Himalayan Times - Business
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
Gold imports crawl in Dec10:04
The Business Standard - Markets
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
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
A week in gold: Hope for 2015 suggests bank00:45
Proactive Investors (UK)
Earlier News
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
Update: Alacer Gold Announces An Increase In Its Heap Leach Pad Capacity At Copler By 14%23:11
Update: Kinross Gold Completes The Sale Of Fruta Del Norte22:11
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
Update: Chesapeake Gold Releases Details Regarding Its New 2-Phase Metates Mine Plan21:35
SeekingAlpha - Industrial Goods

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 über-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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