Notoriously poor market-timers, the central banks purchased 534.6 tons of gold in 2012, according to the World Gold Council. It's the largest amount the banks - last seen unloading their gold at less than $500/oz. - have bought since 1964. [View news story]
Yep - I think the Yen is in the early lead. Owning gold in Japan just got a real boost.
The CME cuts the initial margin for gold (GLD) to $5,940 from $6,600 and silver (SLV) to $10,450 from $12,100. Maintenance margins are cut by a similar ratio for both metals as well. [View news story]
Agree that the CME is trying to get more trades. A combination of the PAGE (Pan Asian Gold Exchange) and India adding 2% to the import tax on gold may be part of the reason for the gold change. I don't know the reason behind the silver change; the CME raised the margin in May 2011 after silver hit almost $50/oz.
The Fed's Math Just Doesn't Add Up [View article]
Notoriously poor market-timers, the central banks purchased 534.6 tons of gold in 2012, according to the World Gold Council. It's the largest amount the banks - last seen unloading their gold at less than $500/oz. - have bought since 1964. [View news story]
The CME cuts the initial margin for gold (GLD) to $5,940 from $6,600 and silver (SLV) to $10,450 from $12,100. Maintenance margins are cut by a similar ratio for both metals as well. [View news story]
Long Silver, Short Gold Play Continues To Work Well [View article]