The Gold Standard - 07.27.2014

Thought this was interesting, considering how wrong the July 1st predictions were dead wrong.



Looming Financial Crisis? - 06.24.2014
http://globalistnews.blogspot.com/2014/06/looming-financial-crisis-06242014.html

Looming Financial Crisis? UPDATE - Where's your Gold now? 07.14.2014
http://globalistnews.blogspot.com/2014/07/looming-financial-crisis-update-wheres.html

July 24, 2014, 2:20 p.m. EDT
Gold settles below $1,300 as solid earnings pour in
Analyst: Near-term potential for safe-haven demand is sticking around
By Sue Chang and Shawn Langlois, MarketWatch



SAN FRANCISCO (MarketWatch) — Gold fell for a third-straight session on Thursday to settle below $1,300 for the first time in over a month as investors continue to focus on equities during this mostly upbeat earnings season.

Gold for August delivery GCQ4 +1.37%   declined $13.90, or 1.1%, to $1,290.80 an ounce. September silver SIU4 +1.86%   was hit even harder, down 58 cents, or 2.8%, to $20.42 an ounce.

On Wednesday, gold fell just fractionally, as bullish corporate news jousted with rising geopolitical tensions.

Gold also grappled with mixed economic data with weekly jobless claims better than projected as the number of people claiming benefits fell to the lowest level since February 2006 while the pace of new home sales in June hit a three-month low.

ANZ Research analyst Victor Thianpiriya said Russia will likely continue to tweak gold prices.

“For prices, we continue to expect gold to come under pressure this year, while keeping in mind the near-term potential for further ‘safe-haven’ demand,” he said.

Elsewhere in metals trading, October platinum PLV4 +0.64%   shed $13, or 0.9%, to $1,473.70 an ounce, while September palladium PAU4 +1.10%   lost $3.35, or 0.4%, to $870.95 an ounce. High-grade copper for September delivery HGU4 -0.57%   tacked on 6 cents, or 1.9%, to $3.27 a pound.

more here:
http://www.marketwatch.com/story/gold-dips-again-as-solid-earnings-pour-in-2014-07-24

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Look back at 2011:

gold, predictions, and the real agenda - 2013 - 12.31.2013
http://globalistnews.blogspot.com/2014/03/gold-predictions-and-real-agenda-2013.html

Further reading:

Who predicted the Financial Crisis of 2008?
http://globalistnews.blogspot.com/2014/06/who-predicted-financial-crisis-of-2008.html