All the people that left Apple will return!
No question! That is why most people switched to Android was the screen size! I believe Apple will sell 60 million new bigger phones! That is my crazy prediction! it will be $120 after earnings!
They were told that we did not have the gold and if they pressed this issue the market for gold would double. That is why there was a change in their attitude.
I have heard that building was valued in the 4 to 5 billion dollar range especially since it had a nuclear proof safe built under it. I am confused..
if they show some inflation
maybe Wednesday if the China CPI shows inflation. They report Tuesday night at 9:30 pm. That could really move the metals..
Would love to see some bullish news about fixing the problem..
They said a meeting took place and basically said a statement would be released later about what was said... Probably after the U.S. markets close. Should be very interesting.
the one good thing is gold did not sell off like everyone thought it would of.. Most shorts thought this would go below $1300 after that jobs report but in reality the pros see through the bull and know that we lost a lot of full time jobs and gained a lot of part time jobs. The result of this was full time employees were now working 2 part time jobs instead of 1 full time position. jmho
can't find anything on it..
nope don't need that to happen at all. All's that needs to happen is China to announce how much gold they have and they are backing their currency with gold. It will happen. That is why they are accumulating it..
unless gold is going down or up $20 it means jack #$%$... When gold moves a little it is just people adjusting their positions on very low volume..
2nd half..Critics argue the gold-price fixing process is also open to abuse.
"It lacks transparency, which means prices can be rigged to benefit banks, at the expense of producers, traders, investors, jewellers and other market participants," said Mark O'Byrne, research director at broker GoldCore.
"Prices should be determined by market forces of supply and demand and not due to a bank's determination."
The process is little changed since its creation on September 12, 1919, when the Gold Fixing Company's five founders -- including NM Rothschild & Sons -- agreed one single daily price fix in British pounds.
O'Byrne added: "The gold fix is anachronistic in the modern technological age of electronic trading and a move to electronic trading seems inevitable. At the same time, this will not be a panacea as oversight and transparency remains important."
- Call for transparency -
Caroline Bain, senior commodities economist at research consultancy Capital Economics, said transparency was needed to prevent price rigging.
"It can be manipulated even though it is based on real deals," Bain told AFP.
"Traders working for institutions involved in the 'fix' can make deals that would influence the price in a way that suits their portfolio.
"There is a lack of transparency about how the price is derived. It also contributes to a much wider lack of information on the size of the gold market."
For its part, the WGC has already stated that the gold market needs greater transparency and auditing of the data used to determine the London price fixings.
Between two and four million ounces of physical gold transactions are based on any given day's fix price, according to estimates from commodities research specialist CPM Group.
Back in May, Barclays was fined by the FCA for failing to adequately manage conflicts of interest between the bank and its customers.
The watchdog uncovered systems and controls failings in relation to a fixed London pricing of gold over a nine-year per
London meeting about price fixing and how they are going to change it... Also, India may announce the reduction in the tariffs on their gold imports. I have read that their jewelers are starving from the high tariffs placed on gold and the people are asking for it to be lowered. Gold is also a huge part of their religion and with its dwindling availability due to price increases it is putting more stress on their religious activities and I guess this does not sit well with the people of India. There is great pressure on the new government to go back to the 2% tariffs they used to have.