|Metals Market Commentaries|
| CBS MarketWatch:
Gold futures rose sharply Thursday, as the dollar dropped against the Japanese yen amid spectacular losses for stocks in Tokyo. Hints of a tapering of stimulus efforts by the U.S. Federal Reserve in coming months and downbeat China data contributed to a
| Condensed Articles (May 22, 2013)|
POVERTY STRICKEN HELLHOLES
By Michael Snyder
Once upon a time, the United States was a place where free enterprise thrived and the greatest cities that the world had ever seen sprouted up from coast to coast. Good jobs were plentiful and a manufacturing boom helped fuel the rise of the largest and most vibrant middle class in the history of the planet. Cities
such as Detroit, Chicago, Milwaukee, Cleveland, Philadelphia and Baltimore were all teeming with
| Monthly Precious Metals Report (May 2013)|
Concerns over the potential for distressed Central Bank sales in Europe pulled the rug from under the Gold price and other metals followed.
- The high volume sell-off in Gold was aggressive and it remains unclear who was behind the selling.
- The impact of the sell-off has been significant in that opinion has been divided - there are now a lot more Gold bears around.
- That said, the sell-off has unleashed a strong wave of physical demand, but much of this is thought to be retail demand that may have now been satisfied.
| Quaterly Newsletter (January 2013 Issue #44) Source: Thomson Reuters GFMS|
| Forecast 2013|
FORECAST 2013: AN OVERVIEW
Forecast contributors expect all four metals to increase
in price during 2013 by at least 5%. Forecasters however,
predict that continued uncertainties in the global economy
mean that there could be significant volatility in the prices
for all metals.
In comparison to the previous few years’ double digit performance, 2012 saw
only a single digit rise of just over 4% in the price of gold. Analysts are expecting
a similar increase in price during 2013, with the average price forecast to
increase by 5.3% against the price in the first week of January 2013. Analysts