Dr. Rick C. Ernst
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Gold

Gold likely to decline on easing concerns of US debt ceiling
www.business-standard.com

With sharp fall in gold price yesterday in early US trading following easing concerns on debt ceiling, another downward trend seems to have begun. Prices in international market have fallen to three month low while in India, it is trading at a two …

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Report: Congo rebels smuggling out $500 million a year in gold
www.latimes.com

M23 rebels in the lawless eastern reaches of the Democratic Republic of Congo have built alliances with local gangs to gain control of lucrative gold mines and smuggle out $500 million a year of the precious metal to finance their brutal attacks, …

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Value drops but State is still sitting on €178m pot of gold
www.independent.ie

Ireland has six tonnes of the precious metal, including coin stocks held by the Central Bank here in Ireland and gold bars held at the Bank of England's high-security vault. In terms of tonnage, we rank pretty far down the list. Out of 100 countries …

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U.S. Stocks Extend Gains After Rally as Gold, Oil Tumble
www.bloomberg.com

U.S. shares rallied for a second day following the biggest jump since January and gold plunged to a three-month low as lawmakers discussed a potential agreement to extend the nation's borrowing authority. Treasuries erased early gains while the yen …

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ART CASHIN: There's Something Weird Going On In The Gold Markets
www.businessinsider.com

Lately, gold has been exhibiting some violent moves and UBS's veteran trader Art Cashin thinks there's something weird going on. Here's Cashin via King World News: Well, it (gold) is under some pressure. And while I am far from being a conspiracy …

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Starbucks CEO urges DC 'Come Together'
www.cnbc.com

Howard Schultz is offering customers some political activism to go with their grande lattes and is calling a potential short-term deal to avoid default on U.S. debt "fool's gold." At Starbucks locations and online customers are invited to join the CEO …

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Gold tumbles by Rs 460 on sustained selling, weak global cues
www.thehindu.com

Gold prices tumbled for the second straight day on Saturday by losing Rs 460 to Rs 30,200 per ten grams in the national capital due to sustained selling by stockists on fall in demand amid a weak global trend. Silver also dropped for the fourth …

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1 Reason to Buy Gold for Your Portfolio
www.fool.com

Hailed by The New York Times as a "guru to Wall Street's gurus," value investing expert Bruce Greenwald takes some time to offer his insight and advice to The Motley Fool. A professor at Columbia University's Graduate School of Business, Greenwald has …

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Gold Skids to Three-Month Low
online.wsj.com

NEW YORK—Gold futures slumped to a three-month low as the belief that U.S. political leaders would reach a compromise to raise the country's borrowing limit reduced demand for a rainy-day asset. The most actively traded contract, for December delivery …

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