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Global Economic Survey of Accountants Records Falling Confidence in Q4 2012, as Weak Global Recovery Reaches 'Tipping Point'	20:22 JCN Newswire
How Will You Trade Forex After Currency Wars Dominates G20 Summit	20:22 JCN Newswire
Stocks at 5-week low on telcos; Rupee at 7-week low	20:21 Sri Lanka Daily Mirror
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Retail Investors' bullish mid-cap bets backfire, many stocks bought in Q3 slip by 10-70%	20:19 The Times of India
10 to 15 minutes old www.usagold.com --LIVE NEWS--
Project to boost cross-Straits economic links	20:14 China Daily - BizChina
Ratings blow to NAB amid risk to UK economy	20:10 The Scottish Herald - Business
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Forex: USD/JPY slips below 93.50	20:05 FXstreet - Forex News
Italy's Dismal Economic Situation In 2 Huge Slides	19:58 Business Insider - Finance
30 minutes to 1 hour old www.usagold.com --LIVE NEWS--
Japan Copper-Cable Shipments Drop as Automaker Demand Slows	19:53 Bloomberg - Markets
Gold prices down 100 baht	19:49 Bangkok Post
RBNZ Wheeler – Capping the exchange rate is a risky strategy for NZ	19:49 ForexLive.com
Time to take drastic action to reboot Britain’s feeble economy	19:47 City AM - Columnists - Allister Heath
Forex: Kiwi tumbles; RBNZ ready to intervene	19:45 FXstreet - Forex News
Dollar firm ahead of FOMC meeting	19:43 WA Today - Markets
Treasury in tax evasion deal with the Manx	19:42 City AM
Australian-American Mining Corporation delivers 12.8% copper equivalent in Arizona drilling	19:41 Proactiveinvestors - Australia
RBNZ Wheeler – RBNZ ready to intervene in currency if necessary	19:39 ForexLive.com
Weak yen impacts Japan trade deficit	19:37 BBC - Economy
BOJ Morimoto: Yen falls to help exports, corporate revenues	19:30 Reuters - Economy
Japan logs worst ever January trade deficit of US$17.4bil	19:29 The Star Online
1 to 2 hours old www.usagold.com --LIVE NEWS--
Australian Dollar Outlook - 20 February 2013	19:23 IBTimes.co.uk - Global Markets
Gold Snaps Five-Day Losing Streak Amid Fed Stimulus Speculation	19:23 Bloomberg - Markets
Forex Flash: GBP/AUD to stabilize after 1.4925-1.5050 target hit - Westpac	19:15 FXstreet - Forex News
Australian dollar higher ahead of FOMC minutes	19:15 Business Spectator
Nevion Boasts Euro Video Transport Deals	19:08 Lightreading.com - Blogs
Highland Fairview's Logistic Facility Honored as Largest Building of its kind to Earn 'LEED-Gold' in the U.S.	19:02 PR Newswire (Press Release) - Consumer Products & Retail
Golden Rim Resources green lights Burkina Faso gold project acquisition	19:01 Proactiveinvestors - Australia
Japan logs worst January trade deficit of $17.4-B	18:59 ABS-CBNnews.com - Business
IMF Cuts Korea's Economic Growth Forecast	18:56 The Chosun Ilbo - Business
Deep Yellow assays confirm Ongolo high grade uranium intercepts	18:41 Proactiveinvestors - Australia
Territory warned of two-speed economy hazards	18:25 ABC Online - Business
Forex: AUD/USD weakening below 1.0370	18:25 FXstreet - Forex News
2 to 4 hours old www.usagold.com --LIVE NEWS--
Steep price rise erodes purchasing power of Rupee	18:15 The Economic Times - Markets
Japan logs worst January trade deficit on record	18:14 Business Spectator
Economy Lab Little reason to think Bowles-Simpson plan will end U.S. budget impasse	18:14 The Globe and Mail
Currency woes limit Egypt HRC imports, local prices upward	18:08 Steel Business Briefing
Yen Making Luxury Hotels Cheaper Boosts Pressure for Easing	18:07 Bloomberg - Industries
Forex Flash: USD/CAD will remain supported on dips - TDS	18:05 FXstreet - Forex News
Yen Drops on Japan’s Record Trade Deficit, BOJ Governor Report	18:04 Bloomberg - Worldwide
Abe floats foreign bond buying, fuels yen's weakening	18:04 Asahi Shimbun - Business
Japan monthly trade deficit hits record as imports jump	18:00 Reuters - Economy
Thong Come flouts gold investment scheme	17:49 Bangkok Post
Japan posts record $17.4B trade deficit in Jan.	17:48 Whittier Daily News, California - Business
Nikkei 225 Trading Near Four-Year High on BOJ Speculation	17:47 Bloomberg - Regions
Japan posts rise in exports but logs record trade deficit in Jan	17:47 Business Times Online - Asia
Japan logs worst January trade deficit of $17.4 bn	17:39 Channel NewsAsia - Business
Retail investors' bullish mid-cap bets backfire	17:38 The Economic Times
Forex Flash: Stay long EUR/AUD - JPMorgan	17:35 FXstreet - Forex News
Forex: EUR/USD breaks above 1.3400 again	17:35 FXstreet - Forex News
NZ dollar rises after GlobalDairyTrade auction	17:34 Business Spectator

Gold Back on the Defensive

by Peter A. Grant

Feb 19, AM
(from USAGOLD.com) --

Gold is back on the defensive, having suffered some technical damage last week and further weighed by a generally firm dollar. With Asian investors filtering back after the long Lunar New Year holiday, market watchers are looking intently for any uptick in physical buying.

Throughout this long consolidative period, those physical buyers in the East have been a pretty reliable source of support for the gold market. While there was some interest at these levels overseas, selling in the paper market is once again pushing gold back toward Friday's low.

In the wake of the weekend G20 summit, the yen is back under pressure. The head of FX strategy at UBS now thinks the British pound may be queued up for debasement as well. "In our view the pound seems clearly at risk of following the yen and suffering the next large scale devaluation for a major currency," said Mansoor Mohi-uddin. Sterling fell to a new 7-month low against the dollar and a 16-month low against the euro today.

So despite the best efforts of the G7 and G20, the term "currency war" remains on the tip of everyone's tongue. Weakness in the yen and sterling is contributing to dollar strength, which is then weighing on the yellow metal.

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Gold Back on the Defensive