Gold & Silver Bullion

China’s Impact on Gold Investment
Kitco
The Chinese market will have a significant impact on the price of gold and silver bullion in the foreseeable future. This week, the price of wholesale gold bullion and silver rose against the US dollar but slipped against other currencies as commodities gained and government bonds gained. The Eurozone stocks were flat in spite of the gains of J.P. Morgan, Intel, and Alcoa gaining a stronger than expected quarterly results. The Asian stock market closed lower while the sterling hit an 11-week high against the dollar. Since the euro has advanced to the greenback, there are talks that the gold-dollar coupling may come to an end. The rise in Eurozone stocks can mostly be attributed to Spain’s bond sale at auctions. In Greece, Piraeus Bank will buy a stake in two domestic lenders. In Britain, gold price was flatted back to below £790 an ounce.  
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What Is Gold Really Worth?
Gold Seek
Much of what the gold-manipulation devotees come out with ranges from groundless to completely nonsensical, although it is usually harmless. After all, it is true that governments regularly attempt to manipulate the financial markets. The way we see it, the question revolves around the methods, effectiveness and investment implications of the manipulation. This is the area where we often find ourselves at odds with GATA supporters. The main reason that a large chunk of our latest weekly commentary was assigned to debunking a recent piece by GATA’s Adrian Douglas is that in this case the manipulation-related analysis was not only nonsensical, it was potentially harmful. In particular, apart from painting a misleading picture about the supply of gold and the nature of today’s money, Douglas’s conclusion that gold is worth $54000 per ounce right now could cause some people to ignore a major gold selling opportunity.
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Can Gold Reach New Heights This Year?
Precious Metal Investment
Here we are just entering the peak of the holiday season when traders leave their desks and start partying with their profits. Make no mistake the professionals have had a great year as stock markets have thrown off the woes of 2008 and shifted back into top bull gear. The cynics amongst us that are committed to the “lies and mirrors “ of governments and Wall Street who have engineered this market despite rising unemployment, rising bankruptcies, excessive cost cutting to make the recent rounds of companies profit reports look good and which may be hard to repeat, banks still not lending and a growing list of US states in financial crisis. Then there is the prospect of those lucky enough to be in work plus the diminishing band of the profitable self employed facing escalating and potentially crushing taxes makes us ask ourselves very seriously whether gold is a buy now.
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“Gold Price to Cross $4,000 Per Ounce”
Commodity Online
I think that I’ve actually embellished it quite a lot. I’ve done far more than I think Kondratieff ever envisioned. For instance, breaking the cycle into four seasons—I don’t think that’s original. But I think those season breaks are very appropriate. Spring is the birth or rebirth of the economy. Summer is the time when the economy reaches fruition. Autumn is a period where everyone feels very good because it’s always the season where you have the biggest bull market in stocks, bonds and real estate. Winter is the period when debt is washed out of the system so that it can start refreshed again in the spring. The cycle lasts a lifetime of about 60 or 70 years. I call it a lifetime cycle, because we live only one cycle in a meaningful way. For that reason, it is also very difficult for anyone to recognize where we are in the cycle because we haven’t lived in that period before.
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Beware the Dragon’s Gold Teeth
Mineweb
Almost a year ago Mineweb published a short article referring to a report from China that state-controlled organisations – as virtually all entities are in China – had launched marketing efforts at persuading its citizens to buy gold and silver as an investment.  This turned out to be the best read story ever published on Mineweb. Not surprisingly with such an article, which we have been assured by our Chinese contacts is correct, there have been those who have accused us of falling prey to pure promotional hype from the gold lobby and there has been no such programme.  But the facts belie the doubters with Chinese gold purchases by investors rocketing last year and this. Earlier this year you could also have read on Mineweb that the World Gold Council had entered an agreement with China’s, and the world’s, largest bank the Industrial & Commercial Bank of China (ICBC) (state-owned of course) to co-operate to promote gold investments in China.
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Gold Ends Higher, Dodges Metal Selloff
MarketWatch
Gold for December delivery, the most active contract, gained $2.10, or 0.2%, to settle at $1,187.50 an ounce on the Comex division of the New York Mercantile Exchange. Gold has risen for the past five sessions, including a 1.3% rise on Friday. Prices have been on a modest rebound after settling at $1,158 an ounce July 27, a three-month low. “This could be the beginning of a turnaround in prices and potentially the beginning of another leg up for gold,” said Scott Meyers, a senior trading analyst with the Pioneer Futures Division of MF Global. Other metals slid Tuesday, with platinum, palladium and copper coming off their multimonth highs as the day’s round of macroeconomic reports disappointed.
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