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Gold Confiscation In India?

Gold Confiscation In India?

Mike Hammer December 19, 2016 0

Jayant Bhandari warns “there are clear signs that in a very convoluted way, possession of gold for investment purposes will be made illegal” as he discusses India’s attempts to create a cashless society (and consequences of

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Gold Seems To Firm – Time To Dive Back In?

Gold Seems To Firm – Time To Dive Back In?

Mike Hammer December 16, 2016 0

Gold plunged following the Fed’s announcement that they were not only raising interest rates, but looking at 3 rate hikes in 2017. If each of these was the usual quarter-point, that would mean a

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And Janet Said: Let Gold Drop!

And Janet Said: Let Gold Drop!

Mike Hammer December 15, 2016 0

As expected, the Fed raised interest rates yesterday. They opted for the small 0.25% rate hike on the base Fed funds rate. Traders and investors responded with another round of selling. With few buyers,

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It’s I-Day At The Fed – What Will Gold Do?

It’s I-Day At The Fed – What Will Gold Do?

Mike Hammer December 14, 2016 0

Today is the day the Fed “most probably” will raise interest rates. Gone, for a while at least, are ultra-cheap mortgages and car loans. Anticipating this rate, banks and lending agencies around the country

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UK Investors Want Gold!

UK Investors Want Gold!

Mike Hammer December 13, 2016 0

Like what we’re seeing in India and China, UK’ers apparently want some golden security. Firms selling and storing physical gold are seeing rather dramatic increases in demand, such as BullionVault in Great Britain. The

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Gold Eyes Fed Meeting; China Premium Continues

Gold Eyes Fed Meeting; China Premium Continues

Mike Hammer December 12, 2016 0

All eyes on Wall Street are watching for the Federal Reserve meeting this week. The two-day yawn fest happens Tuesday and Wednesday. Consensus, and pre-meeting talk among the members, looks for a 0.25% increase

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Gold Subdued Looking Into Fed Rate Hike

Gold Subdued Looking Into Fed Rate Hike

Mike Hammer December 9, 2016 0

US gold traders appear to be hanging back in the face of an almost-certain Fed rate hike next week.  Gold prices dropped the past two weeks as investors and traders fled so-called “paper gold”

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Chinese Scrambling For Gold

Chinese Scrambling For Gold

Mike Hammer December 8, 2016 0

People all over the world are hungry for physical gold, it seems. Yesterday the Chinese sent the premium for physical gold to a new 3-year high. The Gold Enthusiast has reported on this several

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Gold vs Fed Rate Hike

Gold vs Fed Rate Hike

Mike Hammer December 7, 2016 0

Next week the Fed is expected to hike the base interest rate a quarter point. In absolute terms this is tiny, but in market terms it’s big. Before 2008 the average for this rate

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Gold Accepted Into Islamic Standard Finance

Gold Accepted Into Islamic Standard Finance

Mike Hammer December 6, 2016 0

This is a really big deal.  The the Accounting and Auditing Organization for Islamic Financial Institutions adopted Shariah-compliant rules for trading gold.  This means Islamic banks can use gold to satisfy asset requirements for

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