The U.S. Commodity Futures Trading Commission has filed a civil enforcement complaint in the U.S. District Court for the Southern District of Florida against International Monetary Metals (IMM) of Hollywood, Florida, and its president Martin Sommers of Cooper City, Florida. The complaint claimed that IMM “solicited and accepted a…Continue readingThe CFTC has charged yet another Florida-based precious metals firm and its president for fraude.
Category: gold market
Did no-one tell Goldman Sachs equities analysts Andrew Quail and Jitendra Pandey that the same company’s Jeffrey Currie is still saying that gold is a ‘slam-dunk’ sell and that the gold price will collapse by year end, and may go even lower on the way. If so one assumes…Continue readingGoldman Sachs bets on gold stocks and bullion.
In India, in the past year, about a fifth of the accounts set up for investments in gold ETFs have seen closures. According to the latest statistics from the Association of Mutual Funds of India, gold ETFs have lost 18% of their investor base since May 2020. In recent…Continue readingIndia: Bullion is prefered to Gold ETF.
Indian and Chinese gold demand may not be quite as lacklustre as the mainstream media would have you believe, while geopolitical events continue to churn. By all accounts in the mainstream media, gold demand in Asia, and in particular in China and India, has been slipping dramatically this year…Continue readingIs Asian gold demand really slipping so much?
The association of mankind and gold is very old. In fact, after terracotta, shells etc., gold can be safely declared as the next oldest ornament making metal for both men and women. Gold is not just a metal for adorning oneself. Instead, it is also a way to safeguard…Continue readingEconomic downturn Affecting the Gold Price.
Julian Philips from the Gold Forecaster wrote that the Chinese government encourages the Chinese citizens to do investments in gold. He also said that the Chinese government wants to expand the varieties of products of gold available in the market. It is from the Chinese perspective, but what if the government of the…Continue readingIf Yuan Is Allowed to Rise on U.S Dollar, What Would Happen to Gold Investment?