News

Data from the Commodity Futures Trading Commission released on Friday showed hedge funds increased their long positions on gold by 19.7% in the week of January 20, bringing them to a two-year high. Short positions fell, translating to a net 27% more long positions. The last time hedge funds had this many long positions in gold was December 2012, when

Gold finished above $1,300/oz. for the first time since August on Thursday after the European Central Bank (ECB) announced a quantitative easing program. The announcement drove investors toward gold as a store of value and a safe haven asset. The ECB will buy 60 billion euros worth of assets per month through September 2016. The euro

On January 16, 2013 Germany’s central bank, the Deutsche Bundesbank, announced it would bring its 374 tons of gold reserves stored with the Banque de France in Paris and its 300 tons stored with the U.S. Federal Reserve in New York back to Germany by 2020. By the end of 2013, the Bundesbank had only brought home a

Although physical gold is commonly considered a long-term investment, lower gold spot prices can cause anxiety among investors. However, Hebba Investments have penned an article in Seeking Alpha telling gold investors they “should be very comfortable with their investment.” How did they come to this conclusion? The state of the gold mining industry As we discussed in yesterday’s blog,

There has been much talk this year among gold bugs, analysts, and company officials about challenges facing the gold mining industry. Goldcorp CEO Chuck Jeannes told the Wall Street Journal miners have reached “peak gold”, geologist and mining analyst Thomas Schuster told The Gold Report “we are not replacing reserves as fast as we’re mining them”, and Gold Fields

American Bullion wishes a very Merry Christmas to those who celebrate! How is gold significant to Christmas? Read below for some examples. Red, green, and gold are considered to be the three colors of Christmas. Gold became significant to Christmas after the birth of Jesus Christ. Legend has it that Melchior, an Arabian king and one of

It’s no secret that Russia has been purchasing a lot of gold lately. Between July and September 2014, central banks throughout the world added a total of 92.8 tons of gold to their reserves, with Russia accounting for 59% of net purchases made during that time period. It has now surpassed China in the amount of gold held

On November 24, a hacker group calling themselves “Guardians of Peace” obtained and released emails, salary details, copies of unreleased films, and other information from Sony Pictures Entertainment. On December 16, the hackers threatened to attack anyone who sees The Interview, an upcoming Sony comedy film that mocks North Korea and its leader Kim Jong-un, and told