Blog
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U.S. Treasury Secretary Taps Federal Retiree Pension Fund to Avoid Default
- May 29, 2013
- Posted by: Orkan Ozkan
- Category: News
No CommentsIs your retirement safe? Many federal employees are starting to wonder. This week, Treasury Secretary Jacob Lew said he will begin tapping into two government employee retirement funds to buy more time before the U.S. Treasury is faced with the prospect of defaulting on the national debt. In a letter to congressional leaders, Lew said
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Slowed China Production and Ben Bernanke
- May 24, 2013
- Posted by: Orkan Ozkan
- Category: News
Gold prices shifted up and down this week due to various market factors. Overall gold started to stabilize in the past couple days around $1,390 per ounce. Here is a look at two recent stories that may shape the future of gold in the coming weeks. Production in China Slows Gold prices had help breaking
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What is the Cost of Mining Gold?
- May 23, 2013
- Posted by: Orkan Ozkan
- Category: Gold
Ever wondered about the cost of mining gold? With over 1 billion oz of gold in the world’s deposits coming directly from the top 50 mines, this infographic gives you an analysis of the world’s top producing mines in terms of economic feasibility, cost structure, gold reserves worldwide, scarcity and the next big projects for
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The Great Gold Rout Infographic
- May 17, 2013
- Posted by: Orkan Ozkan
- Category: Gold
After a decade long rally, gold recorded its biggest two-day drop in 30 years during April. Is this the end of the bull market? What caused this sudden decline? Is the gold cycle over? The following infographic by Saxo Capital Markets sheds light on a technical break below the support level, reduced ETP holdings and
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Outflow of Gold ETFs
- May 16, 2013
- Posted by: Orkan Ozkan
- Category: Gold
Gold has been on an interesting ride the past few weeks. After a large slip it seemed gold had found a base of about $1460.00 per ounce. This week saw another slide in prices. Many experts are blaming Gold ETF’s (Electronic-traded funds) for this downturn. Outflow of Gold ETFs In the past few weeks, investors
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Gold Demand: Physical vs. ETF
- May 16, 2013
- Posted by: Orkan Ozkan
- Category: Gold
The World Gold Council recently released a report stating the following key findings: • Total demand in China totaled 294t in the first quarter, a rise of 20% on the same quarter last year, as the economy continued to pick up from the downturn experienced in the second half of 2012. Bar and coin investment
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Gold Takes Overnight Dip, Platinum and Palladium Outperform
- May 15, 2013
- Posted by: Orkan Ozkan
- Category: News
Physical demand for gold was slowing down throughout the Asia Pacific region this week and precious metals prices became vulnerable to another downside move which took place overnight. As a quiet trading day in Asia was coming to a close, gold came under pressure, and when it failed to hold $1,420.00, sell stops were triggered
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Gold Futures and Physical Demand
- May 10, 2013
- Posted by: Orkan Ozkan
- Category: Gold
While gold posted two consecutive weeks of gains since the recent drop, it has still struggled to surpass its 10-day moving average. Here is a look at a few of the stories surrounding gold and silver this week. Brighter Outlook for Gold Futures Gold exchange-traded products have seen tremendous outflows in the past two weeks, but
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Gold as Legal Tender, Increased Chinese Demand, and Automatic IRAs
- May 2, 2013
- Posted by: Orkan Ozkan
- Category: News
The latter half of April was undoubtedly a historical two weeks for gold. As the start of May approaches there have been a few interesting stories come to light around the topic of precious metals. Here is quick overview of what happened this week in Gold. Arizona Pushes to Make Gold Legal Tender The Republican-led
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U.S. Mint Sales of Gold Coins Jump to Highest in Three Years
- May 1, 2013
- Posted by: Orkan Ozkan
- Category: News
American Bullion was recently featured in a Bloomberg article focused on the recent jump in U.S. Mint Gold coin sales. The story highlights the fact that gold coins by the U.S. Mint rose to the highest since December 2009 after the price of the metal in April fell the most in 16 months. April sales totaled
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