Gold Silver Reports — Investors can take advantage of this irrationality via buying the dip in gold and silver every-time that Yellen yaps about raising interest rates.
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Are You Prepared For Rising Interest Rates???
Gold Silver Reports — St. Louis Federal Reserve President James Bullard said global markets appear to be “well-prepared” for a Summer interest rate hike from the US Fed, he did not specify a date for the policy move.
Gold Target $1370 Year End, Dutch Bank ABN AMRO
Gold Silver Reports — The big Dutch bank ABN AMRO reiterated its $1370 year-end target for gold, which they originally set last February, after gold’s first move above $1240.
Gold Slip While Silver Weekly Jump
Gold Silver Reports — Gold retreated from a 3-week high as the dollar strengthened after an employment report eased concern that the U.S. labor market was slowing. Silver headed for the biggest weekly advance since April as holdings in exchange-traded funds edged nearer to a record.
The Biggest Bet Ever on Silver
Gold Silver Reports — For all the concerns whether the rally in precious metals will last, investors are close to making the biggest bet ever on silver.
RBI Is Widely Expected to Keep Its Policy Interest Rate Unchanged
Gold Silver Reports — RBI Governor Raghuram Rajan, a much admired former International Monetary Fund chief economist, could be chairing his penultimate policy review, with investors waiting to hear whether the government plans to extend his 3-year term beyond September.
OPEC Head Calls for $65 Oil
Gold Silver Reports — A minimum price of $65 a barrel for oil is “badly needed at the moment” according to Qatari energy minister Mohammed bin Saleh al-Sada.
Calls for Everyone’s Favorite Standard Are Back; Make America Gold Again
Gold Silver Reports — The gold standard is one of the oldest ideas about money, but the hardest of hard-money hawks sense an opening to breathe new life into it. Decades ago, the amount of cash circulating in a country was often limited by the stash of bullion held in its coffers.
Especially since 2008, developed-world policy has headed in the exact opposite direction, expanding the powers of central banks to stoke growth. Helicopter drops of money, potentially the next new thing, would be a giant leap further.
Commodity That No One Knows About But Everybody Wants to Buy
Gold Silver Reports — The world’s mines and steel plants got so devalued during the commodity slump that some were just given away by owners struggling to cut losses or debt. But there’s at least one metal that’s been attracting a lot of attention.
Niobium — named for a Greek goddess who became a symbol of the tragic mourning mother — is used to produce stronger, lighter steel for industrial pipes and aircraft parts. It is mined in only three places on Earth, and the price of every kilogram is seven times higher than copper.
Sibanye Biggest Gold Miner Says Laws Not Acceptable
Gold Silver Reports — Sibanye Gold Ltd., the biggest producer of the metal from South African mines, criticized the country’s planned Mining Charter, saying some aspects of the legislation are “not acceptable” in their current form.
The government published draft proposals on Friday stating that mines must be at least 26 percent-owned by black investors, even if those stakes are subsequently sold. Mining executives including Sibanye Chief Executive Officer Neal Froneman have argued this will lead to existing investors’ stakes being continually diluted.