Chart usGOLD   Chart usSILVER  
 
Food for thought
It takes two to speak the truth: one to speak, and another to hear
Henry David Thoreau  
Search for :
LATEST NEWS  :
MINING STOCKS  :
Subscribe
Write Us
Add to Google
Search on Ebay :
PRECIOUS METALS (US $)
Gold 1306.790.89
Silver 20.950.02
Platinum 1480.50-0.75
Palladium 872.102.00
WORLD MARKETS
DOWJONES 17099-18
NASDAQ 447822
NIKKEI 15329-15
ASX 556733
CAC 40 43767
DAX 975419
HUI 2422
XAU 1011
CURRENCIES (€)
AUS $ 1.4249
CAN $ 1.4458
US $ 1.3463
GBP (£) 0.7903
Sw Fr 1.2149
YEN 136.6600
CURRENCIES ($)
AUS $ 1.0584
CAN $ 1.0739
Euro 0.7428
GBP (£) 0.5871
Sw Fr 0.9024
YEN 101.5040
RATIOS & INDEXES
Gold / Silver62.38
Gold / Oil12.53
Dowjones / Gold13.08
COMMODITIES
Copper 3.200.00
WTI Oil 104.30-0.29
Nat. Gas 3.790.02
Market Indices
Metal Prices
RSS
Precious Metals
Graph Generator
Statistics by Country
Statistics by Metals
Advertise on 24hGold
Projects on Google Earth
ETF Outflows, a New Crisis in Europe, and the Gold Market
Published : February 27th, 2013
270 words - Reading time : 0 - 1 minutes
( 0 vote, 0/5 ) Print article
 
    Comments    
Tweet

[Some thoughts on recent developments that have clearly had a positive impact on the gold market.]

A number of stories in the financial media in recent days argue that two developments are having an impact on precious metals prices – outflows from the world’s gold ETFs and a new crisis in Europe.

Given that the gold price has been rising sharply so far this week, it seems clear that only one of these developments is really affecting the gold price, however, that hasn’t stopped a well-known investment bank from predicting doom and gloom for precious metals investors.

24hGold - ETF Outflows, a New ...To be sure, gold as an investment in the U.S. has lost some of its appeal in recent months. This is due to a number of factors, one of the most important being the failure of the price to continue rising after the Federal Reserve launched new money printing efforts late last year.

Relative calm in Europe over the last six months has also dented demand for the metal as a safe haven, however, that situation appears to be changing rather dramatically since an election in Italy over the weekend.

We’ll get to that in a minute.

Not surprisingly, with broad equity markets rising steadily and with the gold market correction now in its 18th month, U.S. investors and traders have lost some of their interest in gold.

After reaching record highs late last year in anticipation of the Fed’s latest monetary stimulus, there have been large outflows from gold ETFs and this trend is shown below using the SPDR Gold Shares ETF (GLD).

[To continue reading this article, please visit Seeking Alpha.]

Data and Statistics for these countries : Italy | All
Gold and Silver Prices for these countries : Italy | All
Tweet
Rate :Average note :0 (0 vote)View Top rated
Previous article by
Tim Iacono
All articles by
Tim Iacono
Next article by
Tim Iacono
Receive by mail the latest articles by this author  
Latest comment posted for this article
Be the first to comment
Add your comment
TOP ARTICLES
MOST READ
TOP RATED
MOST COMMENTED
Editor's picks
RSS feed24hGold Mobile
Gold Data CenterGold & Silver Converter
Gold coins on eBaySilver coins on eBay
Technical AnalysisFundamental Analysis

Tim Iacono

Tim Iacono is the founder of Iacono Research, a subscription service providing market commentary and investment advisory services specializing in commodity based investing.
Tim Iacono ArchiveWebsiteSubscribe to his services
Most recent articles by Tim Iacono
7/18/2014
7/18/2014
7/17/2014
7/16/2014
7/16/2014
All Articles
Comment this article
You must be logged in to comment an article8000 characters max.
 
Sign in
User : Password : Login
Sign In Forgot password?
 
Receive 24hGold's Daily Market Briefing in your inbox. Go here to subscribe or unsubscribe.
Disclaimer