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LIVE Gold Prices Streaming real-time gold price quotes! ## MOBILE PHONE-friendly prices ## USAGOLD Closing Gold Coin Prices Daily Price of Gold Since 1970 London Gold Price Fix & Gold Lease Rates Key Economic Charts USAGOLD NewsGroup We invite you to join our popular USAGOLD NewsGroup. Important breaking news and opinion on gold delivered by e-mail. USAGOLD 24-Hour Live News Wire Staff favorites www.usagold.com --WORTH READING-- China moves to cut reliance on dollar (July 3) Gold will blast above $1,000 within 100 days (July 2) India, China pushing gold price (July 2) Is virtual currency a real problem? (July 1) California misses budget deadline, readies "IOUs" (July 1) Banking system like South Sea bubble, says senior Bank of England official (July 1) IMF Board authorizes debut bond issuance (July 1) India: Gold may touch new peak at Rs 17,000 (June 30) Bernard Madoff gets 150 years in jail for epic fraud (June 29) Feeling cautious? Load up on gold (June 29) Gold worth $15.3 million missing from Royal Canadian Mint (June 29) Royal Canadian Mint: Missing gold probe rules out poor record-keeping (June 29) Gold could shoot through $1,000 if China shifts away from U.S. treasuries (June 26) The appeal of investing in gold (June 26) China should buy gold to hedge U.S. dollar, official says (June 25) Commodity super cycle is alive and well (June 24) NEW in the last 5 minutes www.usagold.com --LIVE NEWS-- The recession hasn't stopped people from popping the cork off a bottle of shiraz or chardonnay. 01:49 Morning Call, Pennsylvania - Business Recession takes its toll on migrant workers 01:46 TV3 - Latest News July 6 - ProSticks Ichimoku Forex Technical Report for Eur, GBP, JPY, AUD Gold 01:45 Forex TV - Technical Analysis 5 to 10 minutes old www.usagold.com --LIVE NEWS-- Sensex, Nifty gain one per cent each in bullish market 01:41 The Times of India - India Business 15 to 30 minutes old www.usagold.com --LIVE NEWS-- Look to the US to lead the way out of recession 01:22 Yorkshire Post - Business 30 minutes to 1 hour old www.usagold.com --LIVE NEWS-- Hiring unlikely to rebound even as economy does 01:14 The Tennessean - Business Recession and APD forces airlines to cancel routes 01:12 Telegraph.co.uk - Finance California woes could prolong the recession 01:11 Denver Post, Colorado - Business Restaurants fighting recession with freebies 00:58 The Register-Guard, Oregon - Business Earlier Today www.usagold.com --LIVE NEWS-- Al-Subah: Oil price over $100 may deepen recession 00:36 Middle East North Africa Financial Network Abu Dhabi's gold sales marks 30% rise in June 00:36 Middle East North Africa Financial Network Rising crime blow as firms battle to survive recession 00:33 BusinessEastMidlands.co.uk US clings to economic recovery hopes for 2009 despite recession 00:27 Arab Times - Business Dollar climbs against euro on new U.S. worries 00:25 Irish Sun - Europe Business Longmont bakery closes amid bad economy 00:05 The Daily Camera, Colorado - Business - National / International 1 to 2 hours old www.usagold.com --LIVE NEWS-- Back dollar as key currency, major nations urged 23:51 Gulf Industry Magazine Online - Home 2 to 4 hours old www.usagold.com --LIVE NEWS-- Dollar climbs after poor European retail sales 23:48 TerraNet - Business Recession's toll: U.S. has fewer jobs than in 2000 23:44 NorthJersey.com - Business WB economists allay fears over inflation 23:43 China Daily - BizChina Current Recession Is a Severe Credit Bust of Depression-Era Magnitude 23:18 The Market Oracle - The Market Oracle - Currency Market Analysis Nation’s debt: Next economic crisis? 23:03 Omaha World-Herald, Nebraska - Money Forex reserve up $932 mn 23:02 The Business Standard - Banking & Finance Cynthia Hutcherson receives gold service recognition 23:00 The Oklahoman (NewsOK.com) World leaders question dollar's dominance (Today) 22:27 Pittsburgh Post-Gazette, Pennsylvania - Business EUR/AUD - Euro Australian Dollar, European Session - 03/07/09 22:15 Irish Sun - Europe Business TABLE-Bangladesh key economic indicators - July 4 22:13 interactive investor How to spot end of the recession 22:07 Reading Eagle, Pennsylvania - Business 4 to 6 hours old www.usagold.com --LIVE NEWS-- K Club owners mothball plan for extension as recession hits 21:47 Irish Independent - Irish Business News Vietnam gold prices up slightly 21:46 Thanh Nien Daily World Bank warns of rising protectionism during current recession 21:43 The Star Online China statistics chief sees no inflation risk this year 21:23 interactive investor For Choice Hotels, Recession Brings a Chance at Decisive Gains 21:21 The Washington Post Former Chinese Vice-Premier Zeng Peiyan on Friday called for a new mechanism to maintain the stability of the major reserve currencies and tighter vigil on countries issuing reserve currencies. 21:13 China Daily - BizChina Defensive mood benefits dollar 21:08 FT.com - UK Edition Bill seeks to fertilize bio-based economy 21:06 Bizjournals - Columbus Business First Not just gold missing from mint; hunt also on for silver, platinum 21:01 Canada.com - Ottawa Canada beats Jamaica in Gold Cup opener 21:01 Toronto Sun - Money For Pakistan's female refugees, a silver lining 20:56 The Globe and Mail Dog days of recession don’t bother Hawaii pets 20:55 Honolulu Pacific Business News HKMA sells HK$3.88b to keep currency in trading band 20:51 The Business Times Obama still popular despite weakening economy, employment 20:34 Irish Sun - Business Gold fluctuates, transactions don�� ... 20:29 Himalayan Times - Business Economy appears to have returned to anaemic growth, index suggests 20:23 FT.com - Basic Industries Soccer: Canada opens Gold Cup with win 20:22 Canada.com - Vancouver Sun Recession real estate opportunities, hungry investors have Boombozz franchising plans booming 20:10 Bizjournals - Louisville (Business First) 6 to 8 hours old www.usagold.com --LIVE NEWS-- Forex reserves jump $932 mn to touch $265 bn 19:49 The Economic Times - Stock Markets Recession Puts Breaks on Holiday Travel 19:42 Irish Sun - Business Jobs Misery For Graduates Amid Recession 19:42 Irish Sun - Business Infosys founder on economy 19:34 CNN.com International Edition - Business US dollar ekes out gains in thin trade 19:30 The Australian - Business Note: This is a dynamic newswire -- older news links at the bottom are gone after they are replaced with newer articles at the top. Therefore, you might consider posting headlines and URLs of noteworthy articles to the Discussion Forum for future reference. Next newswire update within 5 minutes (click your browser refresh button) ________________________

USAGOLD Video Index
Audio-visual commentary on current events

USAGOLD Analysis & Commentary

China profoundly alters gold market synergy
Publicly voicing the desire to hedge a potentially disastrous collapse of the dollar

Gordon Brown gold rally indicator flashes buy signal
IMF gold becomes precious when sought by Brown

Gold coin shortage likely to become chronic
Gold refineries are running at capacity

The Big Bailout of 2008
The chickens come home to roost [Addendum]

Annual Survey of Investments
Gold up 43% -- outshines Wall St.

An Historic Year for Gold
June 2007 - May 2008

Seasonal Gold Price Trends
Summer bargain hunting made simple

Has Europe declared war on the weak dollar?
Collateral damage for gold?

Golden Gut Check
Why gold is likely to keep moving higher over the long term

As gold crosses $1000...
A comment on gold as savings

Will Gold Catch Up With Crude Prices?
In the time ahead, gold will not only have to rise, it will have to rise faster than oil

7 Steps to Become a Happy 1st-time Gold Investor
How to make the right decisions

Gold Price Relativity
What gold owners can learn from the stock bull market of the 1990s

Disturbing Trends Update
The Dollar Under Siege - Special Commentary

The Coming Dollar Devaluation
What it means to you as a gold owner

Gold Market Volatility
Has it changed the reasons for physical gold ownership?

USAGOLD PressRoom -- Article Archive

The Daily Gold Market Report

Quote and Chart Search Search for stocks, futures, and forex by symbol or name.

USAGOLD Coin Shoppe

Ed Stein's Wit & Wisdom

An ABCs of Gold Investing Update -- June 25th, 2009
In one fell swoop, China profoundly alters gold market synergy
by Michael J. Kosares

Evening Market Report
Gold retraces gains before holiday as employment data quells inflation fears

The COMEX August gold futures contract closed down $10.30 Thursday at $931.00, trading between $926.60 and $942.10

July 2 p.m. excerpts:
(from Dow Jones) --
Gains posted by the U.S. dollar combined with pre-holiday liquidation to send gold and other precious metals lower Thursday. "Probably, Thursday's decline was a certain amount of taking some money off of the table ahead of a long weekend," said Ira Epstein, director of the Ira Epstein division of The Linn Group. "Since the market rallied yesterday, it's logical to come down." August gold essentially gave back most of Wednesday's $13.90 gain. Gold's pullback came in light trading conditions ahead of Friday's market closure for a three-day Independence Day weekend for U.S. financial markets. Epstein noted that July tends to be the weakest month for metals on a seasonal basis. "Then come August, we start seeing demand pick up because the mentality of the market changes"...more
(from Reuters) --
Gold futures briefly fell below $930 an ounce on Thursday as worse-than-expected U.S. nonfarm payroll losses decreased gold's appeal as a hedge against inflation and bolstered the dollar. A gloomy job market combined with still no clear signs of economic recovery indicated general price levels would not go into an upward spiral any time soon, dampening gold's appeal as a classic hedge against inflation. "The data is clearly noninflationary. There is no imminent inflation ... so I would view it as a negative for gold from that standpoint," said Bill O'Neill, managing partner of New Jersey-based LOGIC Advisors. While gold is traditionally seen as a safe-haven asset, moves in the dollar are taking precedence as the metal's main price driver...more
(from Marketwatch) --
In currencies trading, the dollar index climbed above 80. The U.S. currency has been used as a safe-haven currency since the financial and economic crisis, competing at times with gold. Gold futures fell Thursday as the U.S. dollar strengthened against most of its rivals after a disappointing U.S. jobs report boosted demand for the dollar. The Labor Department report also showed the unemployment rate ticked higher to 9.5% in June, the highest since August 1983. The dollar rose after the Labor Department reported Thursday nonfarm payrolls shrank by 467,000 in June, higher than the 325,000 decline expected by economists surveyed by MarketWatch...more
(from Bloomberg) --
The dollar also strengthened as European Central Bank policy makers left the benchmark interest rate at a record low. "The U.S. dollar recovered and the precious metals followed suit and lost some of yesterday’s gains," Miguel Perez-Santalla, a Heraeus Precious Metals Management sales vice president in New York, said in a note. Gold futures for August delivery slid $10.30, or 1.1 percent, to $931 an ounce on the New York Mercantile Exchange’s Comex division. The U.S. markets are closed tomorrow...more

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Visit our NewsGroup and our Discussion Forum for additional current gold news & commentary

USAGOLD VideoBrief [video] -- June 10, 2009
Is the DJIA a viable economic indicator?
-- featuring Pete Grant & Jonathan Kosares

USAGOLD VideoBrief [video] -- May 19, 2009
Save dollars or save gold?
-- featuring Pete Grant & Jonathan Kosares

Rocket School of Economics -- An Often Overlooked Issue!
(May 22) -- The great credit contraction is now well and truly underway. In simple terms it is like the tide going out prior to the tsunami coming in. The dollar is a liability and as such being in cash is also a liability. Government securities are also liabilities, but the issue of liabilities versus real assets is more widespread than that. The precious metals are not a liability, and ownership of them is a very wise move given the uncertainty surrounding everything else that is happening.

USAGOLD RoundTable [video] -- Apr. 23rd, 2009
Recovery, what recovery?
-- featuring Pete Grant, Jonathan Kosares & George Cooper

Gilded Opinion -- In uncertain times, all that glisters is a gold standard
The logistics of embracing a new gold standard would be mind-boggling. UBS, for example, calculates that the US reserves of gold are so small, relative to its monetary base, that a price above $6,000 an ounce would be needed to reintroduce a gold standard. To implement that standard in Japan, China and the US, the price would be more than $9,000.

USAGOLD VideoBrief [video] -- Apr. 2nd, 2009
A global currency backed by gold?
-- featuring Pete Grant & Jonathan Kosares

USAGOLD RoundTable [video] -- Mar. 12th, 2009
Not getting your TARP? Buy gold (while you can!)
-- featuring Pete Grant, Jonathan Kosares & George Cooper

Rocket School of Economics -- Problematic Banking Systems!
(Mar 28) -- The real issue here is the fiat monetary system itself. The purpose of a gold standard is to effect settlement and the closing of the gold window in 1971 placed the very necessary activity of settlement into the deferred stage. Since that time no transactions have been officially settled. These unsettled transactions remain on other Central Banks balance sheets as reserves, which they are not. They are liabilities of the United States.

An ABCs of Gold Investing Update -- March 8th, 2009
Gold coin shortage likely to become chronic
by Michael J. Kosares

USAGOLD VideoBrief [video] -- Feb. 4th, 2009
Answering viewers' questions.
-- featuring Pete Grant & Jonathan Kosares

Gold coin shortage as demand soars (FT 2/25)
"The demand is extraordinary. All the coins we got on Monday are gone today [Tuesday] and we will not be able to take any order until the following week," Mr Kramer said. "It is the same with other mints." Although the surge in coin demand is a bullish signal for gold prices, the fact that mints cannot match demand means that the potential extra consumption does not push spot prices higher, but just drives premiums above normal levels. The Rand Refinery in Johannesburg, which mints the world's most popular gold coin, South Africa's Krugerrand, said demand was above its maximum capacity, even after doubling last month to 20,000 ounces from 10,000 ounces a week. Johan Botha, head of precious metals sales at the Rand Refinery, said there was demand for more from international investors, pointing to strong sales to Switzerland, the UK and Germany. "If we were able to produce 30,000 ounces,the market would absorb it," he said. Mr Kramer said MTB had Krugerrand orders equal to three months of refinery supplies to the company.

USAGOLD VideoBrief [video] -- Jan. 26th, 2009
Currency manipulation? Geithner's comments, China and consequences.
-- featuring Pete Grant & Jonathan Kosares

Gilded Opinion -- Unintended Consequences
The arrogance and self importance of politicians is an insult to the intelligence of all Americans. They put their unproven theories into practice by committing trillions of taxpayer funds. They are only concerned about the next election cycle and not about the long-term consequences of their ignorance and ignorance of crucial facts. The accumulation of blunders over the decades by government has led to unintended consequences that could bring down our country. Recent developments will have disturbing consequences for all Americans.

Ex-central banker warns of massive dollar collapse (Telegraph 1/5)
Americans must prepare themselves for a massive collapse in the dollar as investors around the world dump their US assets, a former Bank of England policymaker has warned. The long-held assumption that US assets - particularly government bonds - are a safe haven will soon be overturned as investors lose their patience with the world's biggest economy, according to Willem Buiter. "There will, before long (my best guess is between two and five years from now) be a global dumping of US dollar assets, including US government assets. Old habits die hard. The US dollar and US Treasury bills and bonds are still viewed as a safe haven by many. But learning takes place." He said investors would, rightly, suspect that the US would have to generate major inflation to whittle away its debt and this dollar collapse means that the US has less leeway for major spending plans than politicians realise.

USAGOLD VideoBrief [video] -- Dec. 3rd, 2008
$2000 gold? Citigroup's recent price projection is analyzed.
-- featuring Pete Grant & Jonathan Kosares

Gilded Opinion -- Alf Field's LAST Elliot Wave Gold Update
There are three things you need to know about Alf Field. First, his forecasting on the gold market utilizing Elliot Wave Theory has been consistently accurate since his first essay in 2003. Second, he comes to a much different conclusion about gold's future than Robert Prechter, EWT's most famous practitioner. Third, this will be his final essay and for a remarkable and admirable reason which you can discover by reading on.

Gilded Opinion -- How to invest in commodities... Our lives depend on commodities yet most are too afraid to invest in them. History is dotted with massive bull-markets in commodities, which occurred regularly. In fact, over the past 200 years, we had five major booms in natural resources. The shortest boom I could find lasted 15 years, and the longest one continued for 40 years!

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