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NEW in the last 5 minutes www.usagold.com --LIVE NEWS--
Vibrant insurance sector key to strong economy: QFCA chief	19:09 The Peninsula - Business
5 to 10 minutes old www.usagold.com --LIVE NEWS--
FOREX: Ringgit Opens Higher Against US Dollar	19:01 Bernama - Malaysian National News Agency - Markets
Gold Little Changed as ETP Holdings Extend Drop Amid Recovery	19:01 Bloomberg - Markets
Forex: GBP/AUD keeps printing post-floating record lows	19:01 FXstreet - Forex News
10 to 15 minutes old www.usagold.com --LIVE NEWS--
Nikkei set for ninth winning day on renewed yen weakness	18:58 Reuters - Economy
Data show Vancouver’s real estate market echoes Chinese economy’s ups and downs	18:55 Vancouver Sun
15 to 30 minutes old www.usagold.com --LIVE NEWS--
Rupee weakens	18:52 The News International - Business
OECD sees emerging signs of Eurozone economic growth	18:52 The News International - Business
30 minutes to 1 hour old www.usagold.com --LIVE NEWS--
Sterling hits 2½ yrs low	18:39 The Nation - Business
Tax break to produce Euro 2-compliant gasoil	18:39 The Nation - Business
Oil down in Asia on Chinese data, stronger dollar	18:39 The Nation - Business
In U.S., nuclear energy loses momentum amid economic head winds, safety issues	18:35 The Washington Post
Treasury Rate Approaches S&P 500 Dividend Yield on Growth	18:27 Bloomberg - Regions
Nikkei Rises on Continued Yen Weakness	18:26 The Wall Street Journal - Europe Edition
On Video: China Economy Is Steady--Jing Ulrich	18:26 Forbes - Home Asia
BSP chided, defended on efforts to tame peso	18:19 ABS-CBNnews.com - Business
Japan Stocks Rise On Weak Yen, Bank Strength	18:17 Fox Business - Industries
Forex Flash: RBA expected to cut by 50bp vs 75bp - NAB	18:10 FXstreet - Forex News
Forex: AUD/USD limited under 1.0290 so far	18:10 FXstreet - Forex News
1 to 2 hours old www.usagold.com --LIVE NEWS--
Peru faces human rights complaint over Newmont gold mine	18:08 Reuters - Economy
Vuitton to Tiffany Seen Pressured in Japan by Weaker Yen	18:05 Bloomberg - Industries
Economic growth expected to pick-up in EU area: OECD	18:05 Steel Business Briefing
Business confidence softer in Feb	18:01 The West Australian - Business - National
Malaysia-based Islamic Financial Services Board and ECB conducting study on Islamic finance	18:01 The Star Online
Forex Flash: AUD/USD to range back higher towards 1.03 - Nomura	18:00 FXstreet - Forex News
How German DAX on 3 Dec Confirmed a long term bull market	17:56 The Market Oracle - Stock & Financial Markets
Australia business confidence, activity dip in Feb-survey	17:54 Reuters - Consumer Goods & Retail
Australia, N.Z. Dollars Touch 4-Year High Against Yen	17:51 Bloomberg - Markets
Forex Flash: AUD/NZD looking at 1.2650 - ANZ	17:50 FXstreet - Forex News
Nikkei 225 Advances Ninth Day on Weaker Yen, BOJ Minutes	17:41 Bloomberg - Markets
Australia National Australia Bank's Business Confidence down to 1 in Feb from 3	17:40 FXstreet - Forex News
Data: Australia NAB February Business Confidence 1 (vs. 3 previously)	17:39 ForexLive.com
Business confidence down in Feb	17:37 Sydney Morning Herald - Business
Retail sales will tell if tax hikes hurt economy	17:29 USA Today - Business
Dollar Trades at Almost Highest Against Yen Since 2009	17:28 Bloomberg - Markets - Emerging Markets
reminder: NAB business confidence and conditions up at 0030GMT	17:28 ForexLive.com
Gross Reduces Treasury Holdings in February From Six-Month High	17:26 Bloomberg - Insurance
Navarre Minerals targets copper-gold in new drilling in Victoria	17:24 Proactiveinvestors - Australia
Forex: EUR/JPY struggling below 126.00	17:19 FXstreet - Forex News
Tuesday: JOLTS, Small Business Confidence	17:19 Calculated Risk (Weblog)
Russia’s 15-Year Bond Yield Rises to Record High on Inflation	17:17 Bloomberg - Markets - Emerging Markets
Iwata: Weak yen boosts exports and leads to wage growth	17:17 ForexLive.com
Nikkei on track to gain for 9th straight day on renewed yen weakness	17:16 Reuters - Economy
2 to 4 hours old www.usagold.com --LIVE NEWS--
Figure skaters chase world gold with eye on Sochi	17:07 MoneyControl.com
February fuels hope of lower trade deficit	17:07 The Telegraph, Calcutta - Business
Incoming data at 0030GMT: Australia February NAB Business Confidence	17:06 ForexLive.com
Seoul share gains to be capped by yen weakness, North Korea	16:53 Reuters - Industry, Materials & Utilities
Talking Value, Risks, and Opportunities with Silver Wheaton's CEO	16:51 The Motley Fool
Forex Flash: AUD/USD upside limited from yield persective - Westpac	16:48 FXstreet - Forex News
Nikkei seen climbing for 9th straight day on renewed yen weakness	16:45 Reuters - Economy

Gold Remains Narrowly Confined

by Peter A. Grant

Mar 11, AM
(from USAGOLD.com) --

Gold continues to trade in a narrow range as investors continue to digest Friday's better than expected U.S. employment report for February, and its implications for Fed policy. In the minds of many, every piece of good data brings us a little bit closer to tighter policy.

Hopes that the economy is finally showing signs of a real recovery is drawing investors out of their safe havens and back into the stock market. This is reminiscent of the 'green shoots' Spring of 2009 and the widely touted 'recovery Summer' of 2010.

However, Fed chairman Bernanke and vice chair Yellen were quite adamant last week in saying that the central bank is prepared to keep their foot on the monetary gas pedal well into any recovery. In fact, as we noted in our most recent newsletter, the monetary base of the U.S. has surged another 8% since the beginning of the year. USAGOLD founder Michael J. Kosares notes that the price of gold "closely tracks, but lags the monetary base." We're still waiting for the yellow metal to react to the latest injections of dollars via QE4.

Offering further support is the über-dovish rhetoric of BoJ governor delegate Haruhiko Kuroda. Last year's election of Prime Minister Shinzo Abe resulted in a sharp decline in the yen based on his pledge to inflate away Japan's onerous debt overhang. In Kuroda, Abe would have the perfect ally at the BoJ, committed to doing whatever is necessary to generate at least 2% inflation. Kuroda said today that he would even consider allowing the central bank to buy derivatives.

The British pound tested below 1.4900 for the first time since mid-2010 based on rising expectations that the BoE will also have to offer additional accommodations to reinvigorate the economy. The euro is under pressure as well, amid deteriorating economic conditions on the Continent. ECB chief Draghi acknowledged that a rate cut was discussed last week, but they opted to hold steady on policy. As we reported last week, Christine Lagarde of the IMF believes the ECB has room to cut.

The dollar index has risen about 3.6% so far this year, but it's not really the result of improving underlying fundamentals. After all, Q4 GDP was a pathetic 0.1%. This is more a function of the dollar being less weak than some of its major counterparts. While the relative firmness in the dollar has weighed on gold, the range is intact and the underlying trend is still bullish.

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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.

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Gold Remains Narrowly Confined