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How to Invest in Gold

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Thu, 17 May 2012 16:03:52 GMT

China, Central Banks and ETFs Underpin Demand for Gold
Business Review USA (press release)
This decrease was largely to be expected given the introduction of import taxes in India and high gold prices. Gold demand value however, showed a 16% increase year on year to an estimated US$59.7 billion. The average price of gold for the quarter was ...

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Thu, 17 May 2012 16:01:29 GMT

AFRICA MONEY-S.Africa gives gold a break as it moots mine tax hikes
Reuters
It is impossible to forecast the precise net result as that would hinge on a range of factors from the price of gold to the dividends disturbed. Effectively it is a change in the formula which brings the marginal tax rate for gold miners down to 34 ...

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Thu, 17 May 2012 15:57:43 GMT

Gold prices to cross Rs 30000: Assocham
Indian Express
Gold prices in the local market may cross Rs 30000 per 10 grams in the next three months, registering a strong recovery due to slowdown in inflows by foreign institutional investors (FIIs) and poor response in the realty segment, Assocham today said.

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Thu, 17 May 2012 15:57:31 GMT

Gold prices to cross Rs 30000: Assocham
Financial Express
New Delhi: Gold prices in the local market may cross Rs 30000 per 10 grams in the next three months, registering a strong recovery due to slowdown in inflows by foreign institutional investors (FIIs) and poor response in the realty segment, ...

Thu, 17 May 2012 15:56:00 GMT

Aden: Gold Still a Buy Despite Correction
Resource Investor
Investor's need to see big picture for gold, Aden said, presenting data that show the metal in a “mega-uptrend” with a steadily rising pricing channel since 1967, including a narrower and much-accelerated price channel that has been evident since 2001.

Thu, 17 May 2012 15:50:45 GMT

Gold gains help TSX shrug off US, Europe worries
Reuters Africa
Canada's sub-index of gold mining firms jumped 6 percent as gold prices firmed after sinking to a 4-1/2-month low on Wednesday, lifting the broader index into positive territory. Top gold producers Barrack Gold and Goldcorp led the group's gains.

Thu, 17 May 2012 15:49:15 GMT

Why trader is selling calls in gold ETF
optionMONSTER Research (registration) (blog)
Roughly 30 minutes later, a block of 22750 July 160 calls were sold for the bid price of $2.24. The volume at both strikes was more than open interest. The call selling sees limited upside for the GLD and, therefore, the price of gold itself.

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Thu, 17 May 2012 15:47:14 GMT

Gold jumps above 1570
NASDAQ
Currently the XAU/USD is pricing at 1572.85, 1.97% above today opening price action. "The Gold buyers have entered today after not being able to extend below the most recent lows From September and December 2011," says Greg Michalowski, ForexLive.com ...

Thu, 17 May 2012 15:46:46 GMT

Gold gains help TSX shrug off US, Europe worries
Reuters
Canada's sub-index of gold mining firms jumped 6 percent as gold prices firmed after sinking to a 4-1/2-month low on Wednesday, lifting the broader index into positive territory. Top gold producers Barrack Gold and Goldcorp led the group's gains.

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Thu, 17 May 2012 15:46:27 GMT

Time to buy gold stocks, says John Ing, as prices jump
Edmonton Journal (blog)
The recent correction in bullion prices and the painful selloff in gold stocks is finally over, says John Ing, CEO of Toronto-based Maison Placements. “Ding, Ding. That's the bell ringing. We believe gold's collapse has ended and the current downtrend ...