Monthly Archives: December 2010

Why China failed to buy IMF gold reserves Published on: December 22 2010 12:40 GMT NEW YORK (Commodity Online): 2010 bullion headlines have been dominated by one major news items, often: the gold reserves sale by the International Monetary Fund … Continue reading →

By Deborah Levine NEW YORK (MarketWatch) — The Federal Reserve Bank of New York bought $2.07 billion in Treasury debt on Wednesday, the last buyback operation for the holiday-shortened week. The purchases are part of the Fed’s second round of … Continue reading →

21 December 2010, 9:29 a.m. By Allen Sykora Kitco News (Kitco News) – MF Global looks for gold prices to be in a range of $1,250 to $1,550 an ounce in 2011, with a year-end objective of $1,450. MF Global … Continue reading →

Alix Steel 12/20/10 – 09:42 AM EST NEW YORK (TheStreet) — Gold prices were climbing higher Monday as the metal shined as a safe-haven asset. Gold for February delivery was adding $6.30 to $1,385.50 an ounce at the Comex division … Continue reading →

BLOOMBERG NEWS By Alexis Leondis – Dec 17, 2010 7:56 AM PT The extension of current income-tax rates gives wealthy taxpayers the equivalent of an interest-free loan if they convert a regular Individual Retirement Account to a Roth by Dec. … Continue reading →

Rick Santelli, On-Air Editor, CNBC Business News Network Published: Tuesday, 14 Dec 2010 | 4:40 PM ET Today, the Federal Reserve’s statement was virtually identical to the statement of the last meeting on November 3. Yet since the last meeting … Continue reading →

Dec. 14, 2010, 2:15 p.m. EST WASHINGTON (MarketWatch) – The Federal Reserve Tuesday left its key interest rate and the size of its bond purchase program unchanged, as widely expected. The central bank’s rate-setting Open Market Committee maintained the target … Continue reading →

“PRICE WILL AVERAGE $1,550 NEXT YEAR” – UBS ANALYST Bloomberg News By Pham-Duy Nguyen – Dec 14, 2010 10:55 AM PT Gold futures topped $1,400 an ounce on speculation that U.S. borrowing costs will remain low, boosting the appeal of … Continue reading →

By Pham-Duy Nguyen – Dec 13, 2010 8:51 AM PT Gold rebounded from the biggest weekly loss in a month after China’s decision to refrain from raising borrowing costs boosted demand for the precious metal. Silver and palladium also climbed. … Continue reading →

BLOOMBERG NEWS By Kevin Costelloe – Dec 10, 2010 7:12 AM PT Representative Ron Paul, a Texas Republican who next month will take control of the House subcommittee that oversees the Federal Reserve, said today that he will “not really, … Continue reading →