Author Archives: b.whitman

IMF Has Fully Sold 403.3 Tons of Gold

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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

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Fed buys $2.07 billion in Treasurys; bonds stay down

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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

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MF Global Looks For Gold To Be In $1,250-$1,550 Range During 2011

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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

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Gold Prices Up as Investors Seek Safety against Escalating Tensions between North and South Korea

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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

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Rep. Ron Paul Says He Won’t Push for End to Fed ‘Up Front’

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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

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Ron Paul to oversee Federal Reserve

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Examiner.com December 10, 2010 Ron Paul issued a press release that he has been “appointed to head the Domestic Monetary Policy Subcommittee of the House Financial Services Committee in the 112th Congress. The subcommittee has jurisdiction over monetary policy, currency, … Continue reading

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GLOBAL MARKETS-Euro Sinks, Gold, Silver Soar on Debt Fears, Fed

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Gold Rises to an all-time high at $1,429.40 an ounce By Manuela Badawy, Mon Dec 6, 2010 10:20pm GMT NEW YORK Dec 6 (Reuters) – The euro tumbled against the dollar on Monday, gold rose to a record high and … Continue reading

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Bernanke Says More Fed Purchases ‘Certainly Possible’

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By Joshua Zumbrun Dec. 6 (Bloomberg) — Federal Reserve Chairman Ben S. Bernanke said the economy is barely expanding at a sustainable pace and that it’s possible the Fed may expand bond purchases beyond the $600 billion announced last month … Continue reading

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National Inflation Association Addresses Bernanke’s ’60 Minutes’ Interview

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12/6/10 6:36 PM, Source:  National Inflation Association Federal Reserve Chairman Ben Bernanke was a guest on ’60 Minutes’ this evening and the National Inflation Association felt it was important to address Bernanke’s comments. Bernanke claims to be concerned primarily about … Continue reading

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Comex Gold Higher, Boosted by Bernanke Remarks

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06 December 2010, 8:15 a.m. By Jim Wyckoff Of Kitco News Comex gold futures prices on Monday morning are higher, hit a fresh four-week high and are now within striking distance of the all-time record high. Reports said spot gold … Continue reading

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