EU Central Banks Announce Gold Sales

While we don’t believe it is a legitimate cause for the current correction in gold, we do take note of the ECB announcement as reported by Reuters that ECB Gold holdings fell by $1.1 billion last week because...

Gold Crash Ahead - Fasten Your Seatbelts

UPDATE 3.  Gold has stabilized for now, trading below $890 at $887.70 at 7.15PM EST. Some analysts attributed the sharp sell off to expiring futures and options contracts.  However, we still believe that...

Indian Gold Buying Plummets

Update 1:  Gold exports ooze from India, world's biggest buyer "MUMBAI (Reuters) - India, normally the world's top gold importer, may have turned net exporter in the last few months as Indians melt down their...