Insights and views into the gold market from Michael O'Kane at New Zealand Mint.
Thursday, 17 September 2009
Update 21 September
Gold price in USD$ vs NZDUSD exchange - this is a very good demonstration of how the moving USD$ value is keeping the NZD price of gold very stable at the moment, almost every move in the gold price is shadowed by an equal movement in the exchange rate, highlighting the capability of Gold to also act as an exchange rate
Russian Central bank buying increases by 300,000oz *(9.3tonnes)
IMF approves sale of 403 tonnes of gold *(12,956,750.9oz)
The Vix rate drops to its lowest rate in a year
The US Dollar drops to its lowest level in a year
Strong data takes a toll on Bonds, continues the expectation of inflation
Gold expected to rise above USD$1100 in 2010 on central bank buying
Gold industry faces reserve crisis - given the rapid escalation of Gold prices, demand and a reduction of supply, is there going to be a tipping point for immediate supply on a global scale?
Friday, 4 September 2009
Update 4 September
Daily Gold price (NZD and USD) and the Kitco.com 24 hour Gold price charts.
The Gold price in US$ has increased strongly over the last 2 days - gaining from around USD$950 through to its current USD$992 ( ~NZD$1380 at the end of August to currently ~$1460)
Is this an indication that gold has broken out of its range from the previous few months?
Bloomberg.com
China to push gold and silver investments to its citizens?
Indian demand to increase before Diwali
Missing Russian gold found at the bottom of Lake Baikal?
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