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NEW in the last 5 minutes www.usagold.com --LIVE NEWS--
Bullish Two Hundred Day Moving Average Cross - YPF	14:28 Forbes.com - Investing
Howard Gold's No-Nonsense Investing: Lessons from the J.C. Penney disaster	14:25 MarketWatch - Software
5 to 10 minutes old www.usagold.com --LIVE NEWS--
Sinking like a rock: Slim chances of recovery for Pakistan’s directionless economy, says ADB	14:24 The Express Tribune
Stocks Gain On China Inflation Data, Earnings; First Solar (FSLR) Spikes	14:20 iStockAnalyst.com
Gold Could Get a Boost From Weaker Dollar	14:20 The Street - Latest News
10 to 15 minutes old www.usagold.com --LIVE NEWS--
PVR Makes Bullish Cross Above Critical Moving Average	14:18 Forbes.com - Investing
Credit Suisse sees recovery in Indian economy from June quarter	14:17 The Financial Express - Economy
Franco Nevada - Gold Investment That Works	14:17 SeekingAlpha
15 to 30 minutes old www.usagold.com --LIVE NEWS--
Cramer Picks Gold Coins Over ETFs	14:15 MercuryNews.com, California - Financial Markets
CPM sees stable growth in gold prices	14:13 South China Morning Post - Commodities
Chinalco Mining bullish despite copper price fall	14:13 South China Morning Post - Commodities
German Chancellor Angela Merkel chats with President Vladmir Putin at the Hannover Fair in Germany on Monday.	14:13 The St. Petersburg Times
US visa caps restrict economic growth	14:08 FT.com - Companies A-Z
Gold price tumbles by Rs 190 on stockists selling	14:05 The Financial Express - Commodities
ForexLive Americas wrap April 9, 2013: Euro hits 1.31	14:04 ForexLive.com
Merk Investments close to launch redeemable gold ETF -filing	14:02 Reuters - Company News
Forex: USD/JPY falls to 99.00 level	14:01 FXstreet - Forex News
Ohio women earn 77 cents for every dollar paid to men	14:01 Bizjournals - Dayton Business Journal
30 minutes to 1 hour old www.usagold.com --LIVE NEWS--
US Treasury Chief Urges Strong EU Countries to Spur Growth	13:59 Industry Week
LLL Makes Bullish Cross Above Critical Moving Average	13:58 Forbes.com - Investing
Market Analysis: The Yen	13:55 SeekingAlpha - Macro View
Multi-Platinum Hard Rock Band Drowning Pool Announces Release of Fifth Studio …	13:55 Yahoo! US - Business - Press Releases
Derivatives, forex drag Bumi deep into the red	13:53 Business Times Online - Companies
Investor Soros: Joint bonds needed to save euro	13:53 Reuters - Economy
PROACTIVE CANADIAN NEWS SUMMARY: Agrium, Bombardier, Agnico-Eagle Mines, Nevsun Resources, Luna Gold, Detour Gold, Pacific Rubiales, NuVista Energy, Kilo Goldmines, Great Western Minerals and more	13:52 Proactiveinvestors - North America
Arbitrage Opportunities In Precious Metals CEFs And ETFs	13:52 SeekingAlpha - ETFs & Portfolio Strategy
Recession led to more doctor bankruptcies	13:52 UPI - Consumer Health Daily
Phoenix women earn 85 cents on the dollar compared with men (and that's not bad)	13:46 Bizjournals, Arizona - Phoenix Business Journal
Economy grows 6.4%, inflation remains single digit in 2012	13:46 Lakehouse Daily News - Business
New economic development organization is Greater Fort Wayne Inc.	13:44 The Journal Gazette, Indiana - Business
Gold Rises, Silver Jumps on Economic Stimulus Outlook	13:41 Bloomberg - Personal Finance
ECB wants BCCI to advance T20 league	13:41 Hindustan Times - Economy
General Manager of Jack Daniel’s Production to Retire; Veteran Brown-Forman Executive Named as Successor	13:40 Business Wire (Press Release)
Economic indicator at 5-year high	13:34 The San Diego Union-Tribune - Economy
Thailand to verify gold jewellery export to India	13:32 The Business Standard - Markets
Jewellers go slow on bullion sales	13:32 The Business Standard - Markets
Trust in gold not Bernanke as US states promote bullion	13:32 The Business Standard - Markets
Emerging stocks snap 6-day slide after China inflation eases	13:32 The Business Standard - Markets
CPI inflation to moderate to around 7% by March 2014	13:32 The Business Standard - Economy-Policy
Gold climbs on weak greenback; oil gains for a second day	13:32 Proactiveinvestors - North America
1 to 2 hours old www.usagold.com --LIVE NEWS--
Euro soars to 1. 31 dollars	13:29 AGI.it
Economic policy document in Cabinet on Wednesday	13:29 AGI.it
US urges euro states to boost demand	13:27 FT.com - US
ADB investment for economic perform ...	13:26 Himalayan Times - Business
‘Warning’ strike at copper giant Codelco sparks fear of supply disruptions	13:25 The Globe and Mail
GLOBAL MARKETS-Stocks rise, helped by China data; yen rebounds	13:23 Reuters - Economy
Forex Flash: UK triple-dip less likely - UBS	13:21 FXstreet - Forex News
UPDATE 1-LME warehouse rule may have raised copper financing deals	13:19 Reuters.co.uk - Regulatory News
Gold swings between gains and losses	13:13 Khaleej Times - Business
Asian markets advance on Chinese inflation figures	13:13 Khaleej Times - Business

Gold Firms as Dollar Falls

by Peter A. Grant

Apr 09, AM
(from USAGOLD.com) --

Gold is higher today, underpinned by a softer dollar and new record highs in the yellow metal versus the yen. The yen continues to slide against most currencies as the BoJ prepares to embark on the greatest monetary experiment in our time.

Additionally, there are some rumblings that Greece may at some point resort to a Cyprus style bail-in and confiscate a portion of bank deposits. While seemingly only rumor at this point, it lends credence to speculation from several weeks ago that Cyprus would serve as a template for other distressed eurozone countries. Of course, why anyone in Greece would have euros in the bank at this point is beyond me.

The Washington Post reported today that $100 bills are becoming a leading U.S. export. The dollars in circulation have soared in recent years as a result of Fed accommodations — although the Japanese are about to show us how its really done — and most of that expansion has come in the form of $100 bills. However, about two-thirds of those bills are ending up overseas, in paces like Cyprus and Greece.

Specifically, in places like Greece and Cyprus, the goal is most likely to get wealth out of the euro and out of the banking system. This makes perfect sense as the Eurpean debt crisis persists, and in light of recent events in Cyprus. However, why anyone would breath easier after exchanging one piece of paper of another piece of paper isn't abundantly clear to me either.

Gold has served as a reliable store of wealth for thousands of year. Gold knows no geographic or political boundaries. I'd pick gold over paper any day of the week; a sentiment echoed by Hayman Capital's Kyle Bass on BloombergTV today.

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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 Firms as Dollar Falls