May 2013

India’s perilous gold stock situation and $40 premiums

(Mineweb) Higher gold imports have been curtailing the government’s efforts to stem the yawning gap in the country’s current account deficit. However, jewellers in the country are already facing the music, given the extremely perilous situation with low gold stocks and correspondingly high premiums of around $40 per ounce or more. India has been the…

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Your Insights From Around the World

(BANGKOK:  Many traders put $300,000 at a time on the counters of the hundreds of gold shops here in the city).  We want to hear what is going on in your area of the world… whether it’s about precious metal availability or premiums, inflation, political events, important local news, employment/job situation, etc. If you would…

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Gold Bug Hedge Funds Collectively Report Over $183mm In New Call Option Positions On Miners

By Tekoa Da Silva — While mainstream news sources continue the war against gold and gold-related investments, three of the world’s top performing hedge fund managers have been busy at work building speculative gold positions during the first quarter. George Soros, John Paulson, and Steve Cohen, who in aggregate control over $60 billion dollars, have…

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