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Comment by truth on July 3, 2013 at 12:57am

 

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Comment by truth on July 2, 2013 at 8:24pm

BullionVault’s Gauge of Client Buying Unchanged From 8-Month Low
2 July 2013, by Nicholas Larkin (Bloomberg)
http://www.bloomberg.com/news/2013-07-02/bullionvault-s-gauge-of-cl...

Gold trading volume increased 31% to 7.3 metric tons in the second quarter from the first three months of the year.

The client buying gauge peaked at 71.7 in September 2011, the month gold reached a record $1,921.15.

BullionVault’s customers own about $1.2 billion of gold, the company said. The metal is stored in vaults in London, Zurich, New York and Singapore.

Comment by truth on July 2, 2013 at 8:24pm

Hedge Funds Cut Gold Bets as Goldman Lowers Outlook: Commodities
1 July 2013, by Debarati Roy (Bloomberg)
http://www.bloomberg.com/news/2013-06-30/hedge-funds-cut-gold-bets-...

Goldman expects prices to drop to $1,050 by the end of next year, 17% less than its previous forecast of $1,270, the bank’s analysts said in a June 23 report.

Declines will continue as the Fed trims its bond-buying program and investors sell ETP holdings, the bank said.