Live London Gold News Wire

NEW in the last 5 minutes www.usagold.com --LIVE NEWS--
Pound Declines Against Euro Amid Optimism Debt Crisis is Abating	00:54 Bloomberg - Markets - Currencies
Dollar stores spruce up, add name brands	00:50 The Clarion-Ledger, Mississippi - Business
Earlier Today www.usagold.com --LIVE NEWS--
Europe & US economic issues hit Karol Bagh exporters	00:21 The Economic Times
Reducing the Scourge of Poverty, Creating New Economic Spaces (1)	00:08 AllAfrica.com
Economy slows need for new area code that led to 10-digit dialing	00:07 Omaha World-Herald, Nebraska - Money
Gold-Forex Correlations: Gold Caught in Own Price Action on US Cliff, EU Improvements	00:03 Daily FX
30 minutes to 1 hour old www.usagold.com --LIVE NEWS--
India’s quarterly economic growth slows to 5.3 pct	23:55 Arab Times - Business
1 to 2 hours old www.usagold.com --LIVE NEWS--
Platinum Tax Defenders is Making an Effort to Educates Taxpayers on Penalties …	23:48 Yahoo! US - Business - Press Releases
Forex: Dollar the Most At-Risk of Breakout in Years and Yet…	23:43 Daily FX
ECB, IMF seek early eurozone bank union	23:15 Times of Oman
Indian rupee strengthens	23:05 Times of Oman
Forex Analysis: Dollar Primed for Breakout if Fiscal Cliff Leverages Volatility	23:02 Daily FX
Forex Analysis: Gold Sheds 2% But Holds Monthly Range Ahead of Major Event Risk	23:02 Daily FX
Forex Analysis: Japanese Yen Trades Near Lows but USDJPY Uptrend at Clear Risk	23:02 Daily FX
Forex Analysis: New Zealand Dollar To Threaten Range As RBNZ Softens Dovish Tone	23:02 Daily FX
2 to 4 hours old www.usagold.com --LIVE NEWS--
Forex Analysis: Australian Dollar, Stocks Link in the Hands of the RBA	22:52 Daily FX
Realty stocks rally on bottom fishing	22:42 The Economic Times - Markets
Expert urges evisceration of taxes to boost Taiwan economy	22:38 Asia News Network
Nigeria Heads for 5Trn Economy Mark Predicts HIIC	22:26 ThisDay Live
Indian economy's worst year in a decade	22:25 Hindustan Times - Economy
Canadian Currency in Tightest Range Since 1996 as Growth Slows	22:24 Bloomberg - Markets
Sandy holds back US consumer spending, pay in October	22:16 The Post and Courier, South Carolina - Business
Houston ranks as North America's fastest-growing economy	22:02 Houston Chronicle, Texas
Spinning PR gold for NAMA	21:55 The Irish Independent - Business
Bearish demand for CPO futures	21:53 Business Times
Teaching Traders How To Invest In A Recession is New Focus At The Day Trading …	21:38 Yahoo! US - Business - Press Releases
Canada Economy Slowed in 3rd Quarter	21:18 The Ledger, Florida - Business
Sandy Wreaked Havoc on Economy, Slowed U.S. Consumer Spending and Pay	21:18 The Ledger, Florida - Business
4 to 6 hours old www.usagold.com --LIVE NEWS--
Sandy slowed consumer spending, pay in October	20:29 Augusta Chronicle, Georgia
China's manufacturing grows in November in latest sign of possible economic recovery	20:05 The Washington Post - World
Indian economy's worst year in a decade, GDP growth dips to 5.3%	20:04 Hindustan Times - Economy
US consumer spending falls	19:31 Gulf Daily News - Business
India blow as economy extends growth slump	19:31 Gulf Daily News - Business
Sandy slowed U.S. consumer spending and pay in October	19:23 St. Petersburg Times, Florida
Conroy hopes that gold trend holds 20m ounces	19:19 Irish Examiner
Indian economy's worst year in a decade, GDP growth dips to 5.3% in Q2	19:04 Hindustan Times - Economy
Concern voiced over falling rupee	19:03 The News International - Business
Improving Pak-India economic ties to help resolve issues	19:03 The News International - Business
Rupee strengthens	19:03 The News International - Business
6 to 8 hours old www.usagold.com --LIVE NEWS--
Should you buy gold or invest in miners?	18:54 FT.com - FTfm - Investment Strategy
Better economy, higher profile fuel L.A. Auto Show attendance	18:52 LA Times - National News
Gold And The Potential Dollar Endgame Part 2: Paper Gold, What Is It Good For?	18:39 Zero Hedge
BoE to keep policy on hold as inflation proves sticky	18:39 Business Times Online - World
Global Markets - US deadlock, data cap stocks; euro gains	18:39 TVNZ - Business
open market forex rates on 30/11/2012	18:24 The Nation - Business
Gold edges up to $1,729.91 an ounce	18:24 The Nation - Business
Pak-US economic cooperation discussed	18:24 The Nation - Business
Dollar stores get spruced up; deals less clear cut	18:18 MercuryNews.com, California - Business
ABN Amro sees lower gold prices in 2013, 2014	18:02 Business Times Online - Companies
Trees in cities have economic benefits	18:02 FT.com - Comment & Analysis - Letters

Gold Winds Down a Volatile Week

by Peter A. Grant

Nov 30, AM
(from USAGOLD.com) --

Gold has been rather volatile this week, primarily rising and falling with the hopes that Congress and the White House will reach some deal to avert a drop over the fiscal cliff after the end of the year. The yellow metal is back on the defensive today as the latest proposal from the Obama Administration (pretty much the same proposal he campaigned on) was rejected by Congressional Republicans.

The proliferation of paper gold derivatives can make the yellow metal react like a risk asset in the short-term, even though physical gold is very widely perceived as one of the safest assets available. Frequently, when selling of paper gold drives the price lower, physical buyers will step in to snap-up the actual metal at the discounted price. It's a time tested strategy...

The market however is still a bit on its heels in the wake of Wednesday's, heavy selling in COMEX futures. The CME Group reported record volume of 486,315 contracts in gold futures that day, a big chunk of which came right on the open in the form of a 24 tonne sell order. This caused a cascading affect as sell stops were triggered on the way down.

While the market subsequently recovered the majority of Wednesday's losses, and more than half of the losses from the high set a week ago at 1754.30, it's not surprising that longs are somewhat cautious here as the week winds down. There are still many lingering questions as to the 'who and why' on that aggressive selling.

Nonetheless, the underlying fundamentals of the gold market remain constructive. It is in fact the proliferation of paper, in the form of debt and fiat currencies, that should provide all the incentive you need to stay the course on gold. That is a trend that isn't going to change any time soon.

Investor Kyle Bass noted last week that since 1981, "the US increased its sovereign debt by 1,560% while its population increased by only 35%." In this context, it becomes glaringly obvious that whatever compromise the President and Congress might hash out, it won't amount to a hill of beans in the grand scheme of things...

NEWSLETTER SIGN-UP

Opinions expressed in commentary on the USAGOLD.com website do not constitute an offer to buy or sell, or the solicitation of an offer to buy or sell any precious metals product, nor should they be viewed in any way as investment advice or advice to buy, sell or hold. USAGOLD, Inc. recommends the purchase of physical precious metals for asset preservation purposes, not speculation. Utilization of these opinions for speculative purposes is neither suggested nor advised. Commentary is strictly for educational purposes, and as such USAGOLD does not warrant or guarantee the accuracy, timeliness or completeness of the information found here.

Gold dealers index of gold coin images - popular investments

USAGOLD Bulletin Board

Just released!
The all new Third Edition

Chapters

Reviews

Preview

Order

The Third Edition of this classic how-to details gold's rising prominence in the global financial arena and offers insights as to what this surprising and historic shift in sentiment might mean to the gold market of the future. It also suggests practical guidelines for adding gold to your portfolio drawing from the author's nearly 40 years experience in the gold business.

"Highly recommended!"
The Midwest Book Review

1-800-869-5115
Marie, Extension #106

Looking for the right
gold firm?

Competitive rates
Safe, quick delivery
Zero complaints at BBB
Friendly, professional service
Recognized industry leader

You just found it.

USAGOLD
Celebrating our 39th year
in the gold business.

Seven reasons
high-net worth gold
investors choose
USAGOLD

Video Roundtable:

Fundamentals pave way
for gold breakout

Precious Metals Trading and Storage Program
Competition for the ETFs
with a delivery option

Gold's Secular Bull Market
Past, Present and Future

A timeline for history buffs

P.O. Box 460009
Denver, Colorado 80246-0009

1-800-869-5115 (US)
00-800-8720-8720 (EU)

303-399-6759 (Fax)

[email protected]

Office Hours

6:00am - 7:00pm
(U.S. Mountain Time)
Monday - Friday

American Numismatic Association
Member since 1975

Industry Council for Tangible Assets

zero complaints

Saturday December 1
website support: [email protected]
Site Map - Privacy - Disclaimer
The USAGOLD logo and stylized gold coin pile are trademarks of Michael J. Kosares.
© 1997-2012 Michael J. Kosares / USAGOLD All Rights Reserved

Daily Gold Market Report

Gold Winds Down a Volatile Week