Gold Mining Stocks (XAU)

[NYBob]

Now that it has become more a question of whether our plodding recovery
will be enough to buoy the economies of other countries and
regions that aren't faring so well, or will those moribund economies
drag us back into recession.
I fear the latter has the edge right now;
which is why I don't believe the Fed will do anything
to foster the notion that a rate hike is coming
sooner rather than later.

With much of the rest of the world pushing toward easier monetary policy,
there is little incentive for the Fed to push in the other direction.
Gold is likely to benefit if global markets come to that same conclusion.
It would signal that the age of über-accommodative policy and
currency wars is far from being over.

Gold is consolidating at the high end of yesterday's range,
underpinned by heightened global growth concerns and
deflationary risks.
The yellow metal set a new seven-week high yesterday.

Gold prices traded briefly above the important 100-day moving average
yesterday, suggesting that a medium term
change in trend may be in the offing.

Heightened demand for a safe-haven amid rising uncertainty
has put considerable pressure on the existing short position in
the paper market.
Short covering undoubtedly played in a significant role in
yesterday's sharp gains.
by Grant -

India should allow banks to hold gold as reserves - WGC
Allowing banks to hold gold as reserves would motivate them to introduce gold deposit schemes.

Author: Meenakshi Sharma & A. Ananthalakshmi (Reuters)
Posted: Tuesday , 09 Dec 2014
MUMBAI/SINGAPORE (REUTERS) -

http://www.mineweb.com/mineweb/content/en//mineweb-editors?oid=262010&sn=Detail

Gold has a very good long-term future
Julian Phillips comments in his daily commentary that gold’s long-term future is good despite current lower prices.

Author: Julian Phillips
Posted: Tuesday , 09 Dec 2014
JOHANNESBURG (GOLDFORECASTER) -

http://www.mineweb.com/mineweb/content/en//mineweb-africa?oid=262027&sn=Detail

http://www.biblebelievers.org.au/monie.htm


God Bless