Archive for September 15th, 2009

A Floor Beneath the Gold Price
Gold Seek
Yet what are the net gold exports from China? Umm…zero. That is, China doesn't export gold (unless you buy a Panda coin or something.

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Portfolio.com
Asian Shares End Higher; Japan Exporter Stks Stage Rebound
Wall Street Journal
Chinese tire makers, which fell sharply Monday, recovered during the session, with Double Coin Holdings swinging back to rise by the 10% daily limit,
Asian Shares Down;Strong Yen Hits Japanese ExportersWall Street Journal

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In a
presentation to the Denver Gold Group on U.S. Gold Monday, McEwen was somewhat
subdued as he only briefly mentioned he thought gold could hit $5,000 an ounce
before the end of the gold cycle. As this reporter scrambled for
a clarification of his remarks in a brief interview, McEwen stuck by his
prognostication, forecasting the end of the gold cycle would occur either on
2014 or 2015….As the
years roll by, McEwen's legendary penchant for marketing to the max remains
int…

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In a presentation to the Denver Gold Group on U.S. Gold Monday, McEwen was somewhat subdued as he only briefly mentioned he thought gold could hit $5,000 an ounce before the end if the gold cycle As this reporter scrambled for a clarification of his remarks in a brief interview, McEwen stuck by his prognostication, forecasting the end of the gold cycle would occur either on 2014 or 2015….As the years roll by, McEwen's legendary penchant for marketing to the max remains intact as he o…

Original Post By Google News By Dorothy Kosich, Mineweb

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Last week Alan Greenspan noted that “Rising prices of precious metals and other commodities are an indication of a very early stage of an endeavor to move away from paper currencies.”In other words, people are buying gold as a hedge against inflation…….Over the past six months Beijing has made a series of moves to protect itself against a dollar devaluation. In a recent “BRIC Summit” in Russia several months ago, Chinese leaders came out strongly in favor of a new reserve currency to re…

Original Post By Google News By Erik Bethel, Seeking Alpha

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