Gold

Cross-posted from Peter Schiff at Euro-Pacific Capital: It is rare that investors are given a road map.

From Citi today: With the Syria premium effectively removed from the Gold market in early  September as the Russian brokered deal to dismantle Syrian chemical weapons capability diminished the possibility of a military intervention, the market again focused on the issue of US tapering.

From ANZ a new note: The speculative community is cautious of buying back into gold.

US markets surprised a few with the 0.8% gain yesterday, despite the government shutdown.

From the SMH: Motley Fool’s Mike King has taken a look at the gold sector and he reckons there is some money to be made.

By Leith van Onselen Goldman Sachs has today released a report outlining its current views on gold in the context of Syria, tapering of quantitative easing by the US Federal Reserve, and another looming US debt ceiling debate.

Credit Suisse today asks the question on every gold bug’s mind: After printing the low of the year so far at the end of June ($1,180.50), gold has rallied 20% (although is still down -15% year to date).

Mac Bank has neat summary of recent gold market trends today: So what have we learnt about 2Q and what does this data tell us about the outlook for gold?

From Bloomie this morning comes old but interesting news: SOROS FUND MANAGEMENT SOLD FULL STAKE IN SPDR GOLD TRUST IN 2Q Paulson & Co.

Gold is at a technical crossroads: So is the correction over?

I have been bearish gold for ages now, since late last year when it was well above $1600 an ounce.

Cross-posted from Bullion Baron (Twitter: @BullionBaron) While I’ve talked about inflation adjusted targets for the Gold price, it is not my opinion that inflation or expectations of inflation have been the primary driver of the Gold market over the last half a decade.

By Leith van Onselen UBS has today released research asking the question: how low can gold go?

Cross-posted from Bullion Baron Just a brief post today to share a recent article on Gold by David Evans.

Cross-posted from Bullion Baron The current gold correction is closing in on the length of the rout that we saw in the middle of the 1970s bull market.

From the SMH: Gold sales from Perth Mint, which refines nearly all of the nation’s bullion, have surged after prices plunged, adding to signs that the metal’s slump to a two-year low is spurring increased demand.

The gold crash has really got going now (and hats off to Deus Forex Machina for calling it) and brings to mind an old truth in commodity investing: that prices ride the escalator up but catch the lift down.

Goldman has gone short gold and US 10 year treasuries: Gold unfazed by Cyprus, recent slowdown in US recovery  Over the past month, events in Cyprus have triggered a resurgence in Euro area risk aversion while US economic data has started to disappoint.

I had a brief off-line discussion with DFM this morning as I noted this line in his morning wrap.

By Chris Becker Where do the markets stand now that Super Mario has unleashed the demons of inflation – or is that deflation – with the unlimited bond buying program?

By Chris Becker The gold (in USD) spot price closed up 2% last night – not really news in a volatile commodities complex where such moves are commonplace, but something may be afoot.

The relationship between the gold price and the performance of gold stocks is always volatile.