Monthly Archives: October 2010

Capital Gold Group Fights 1099 Reporting Requirement on Gold

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Source: Capital Gold Group, Inc. October 28, 2010 LOS ANGELES, Oct. 28 /PRNewswire/ — Jonathan Rose, RFC, President and CEO of Capital Gold Group, Inc., one of the nation’s premier providers of gold bullion, numismatic gold coins and Precious Metals … Continue reading

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Any Price Correction In Metals Post-Fed Announcement To Be Short-Lived – BMO

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Kitco News 28 October 2010, 9:35 a.m. By Debbie Carlson (Kitco News) — Even if the Fed announces a less-aggressive quantitative easing policy, most base and precious metals prices should be able to rebound from any correction, says Bank of … Continue reading

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Fed Easing Will Likely End Bond Bull Market, Gross Says

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October 27, 2010 (Bloomberg News) Bill Gross, manager of the world’s largest bond fund at Pacific Investment Management Co., said a renewal of asset purchases by the Federal Reserve will likely signify the end of the 30-year bull market in … Continue reading

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China Should Buy More Gold to Diversify Reserves, Newspaper Says

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Oct. 27 (Bloomberg) — China should buy more gold to diversify its foreign exchange reserves, International Business Daily, a newspaper affiliated with the Ministry of Commerce, reported. China should increase its gold holdings if the country aspires to “internationalize” its … Continue reading

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Bernanke Asset Purchases Risk Unleashing 1970s Inflation Genie

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By Craig Torres Oct. 26 (Bloomberg) — For the second time since he became chairman in 2006, Ben S. Bernanke is leading the Federal Reserve into uncharted monetary territory. Bernanke next week is likely to preside over a decision to … Continue reading

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Comex Gold Solidly Higher as U.S. Dollar Slumps Following Lackluster G-20 Meeting

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Posted 10/25/2010 8:16 AM by Jim Wycoff from Kitco  Comex gold prices are posting solid gains Monday morning, on a corrective bounce from last week’s selling pressure and amid fresh weakness in the value of the U.S. dollar against the … Continue reading

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New Precious Metals Committee to Challenge Reporting Requirements

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22 October 2010, 6:00 p.m. By Daniela Cambone Of Kitco News (Kitco News) – A newly formed committee, comprised of a former U.S. Mint director, rare coin and bullion dealers and state and government relations experts, is looking to challenge … Continue reading

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SILVER SUMMIT: Mining Company Executives Optimistic About Silver Price Potential

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21 October 2010, 10:57 a.m. By Allen Sykora Of Kitco News (Kitco News) -Mining company executives like silver’s future prospects due to the combination of investment and industrial demand, with some also expressing optimism about the gray metal’s future performance … Continue reading

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11 State Pension Funds That May Run Out of Money

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The Business Insider By Gus Lubin – Mon Oct 18th, 2010 3:00 AM EDT Here’s a shocker: The most immediate state pension crises aren’t in New York or California. They’re in Middle America. When it comes to state pensions in … Continue reading

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A Spooked Economy in October

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by Congressman Ron Paul, R-Texas Last week we received worse than expected unemployment numbers, challenging recent claims that the recession has come and gone. Also, as the economy continues to suffer the after effects of the Federal Reserve-created bubbles of … Continue reading

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