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Rosland Capital Review by Jeffrey Nichols – Trust is Necessary

You may have noticed elsewhere on this website, mention of Rosland Capital. Rosland is a retail dealer in gold and silver coins and investment bars . . . and they’ve been a client of mine for over five years. Officially, I’m “Senior Economic Advisor” to Rosland Capital. But my relationship with Rosland goes deeper than that. CEO and founder of Rosland, Marin Aleksov, has become a trusted friend and colleague. I’ve been in the gold business as an advisor, consultant, economist, and market researcher for over 40 years. My clients have included some of the biggest names in the gold world – ...

The Fed Tapers and Gold Topples

Surprised?  So am I, both by the Fed’s decision, announced this past Wednesday, to taper back its easy-money policies of the past year . . . and, even more so, by the subsequent fall in gold and silver prices. In fact, Federal Reserve Board Chairman Ben Bernanke surprised many investors, traders, and analysts, announcing the Fed would cut back its monthly asset purchases by a relatively modest $10 billion in January – and continue “in further measured steps” if the economic recovery stays on track. To understand my own expectations ahead of the Fed announcement, read my last commentary ...

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Gold This Week — Eyes on U.S. Monetary Policy

Precious metals and the broader financial markets continue to react to the latest economic news, both statistical and political, with traders and investors guessing how each new bit of information on the economy may affect the Fed’s decision – when and by how much – to cut back, or taper, its $85 billion per month bond-buying program. It has become the accepted wisdom of the markets that rosy economic prospects increase the odds that the central bank will choose to begin tapering sooner rather than later . . . and expectations of reduced monetary stimulus have been one of the key bearish ...

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The Volcker Rule: Implications for Gold & Silver

The Volcker Rule, banning the largest U.S. banks from engaging in speculative trading, has now been approved by the U.S. financial regulatory agencies – with important implications for gold and silver. The Rule, a provision of the 2010 Dodd-Frank Wall Street Reform Act, forthwith prohibits banks with federally insured deposits from trading activities undertaken for their own benefit. ...

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Gold Slumps as Wall Street Soars

With the Dow topping 16000 and the S&P500 index reaching 1800 – both psychologically important levels – gold continues to be an innocent victim of the frenzy on Wall Street. Trading around $1245 an ounce the metal’s price is off some 25 percent from the start of 2013 and is 35 percent below its September 2011 all-time high. Reflecting the super-stimulative monetary policies currently pursued by the U.S. Federal Reserve, the Bank of Japan, and the European Central Bank, U.S. and world equity markets are achieving new all-time highs as more and more investors jump on the stock-market ...

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Filling the China Cabinet With Gold

It won’t take a collapse of the dollar or some doomsday scenario to catapult the price of gold well above its September 2011 all-time high of $1,924 an ounce. A decline in the greenback’s value and international prestige may or may not be in the cards.  So, too, might troublesome inflation, a collapse on world equity markets, or another financial crisis of some sort.  But these are not necessary prerequisites for gold to resume its long-term price ascent. Indeed, not withstanding the possibility of further gold-price weakness in the next year or so, I am confident China’s insatiable ...

American Politics, Monetary Policy, and the Price of Gold

With Washington’s latest budget and debt-ceiling crisis behind us, gold traders and investors are refocusing their attention on U.S. monetary prospect - with expectations of tapering later this year rising and falling with the flow of economic data and the apparent strength of economic recovery. But, before long, America’s dysfunctional politics will again share the limelight as a key gold-price driver. ...

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Gold: If Not Now, When?

It would seem that the stars are perfectly aligned to send gold soaring. But, instead, gold's recent failure to sustain brief rallies and generate any lasting upward momentum has many gold bulls asking "If not now, when?" Indeed, the early-autumn economic and financial news should have fueled a significant advance in the metal's price - or so conventional thinking would suggest, what with the Fed's postponement of tapering, the fiscal impasse and partial government shut-down in Washington, and the approaching debt-ceiling and possibly perilous U.S. Treasury default in world financial ...

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Tapering and the Coming Fiscal Mess

I'm on holiday this week and next but feel compelled to post a brief comment on NicholsOnGold.com following the Fed's September 18th decision to maintain is stimulative monetary policy. Contrary to strongly held market expectations, the Fed has postponed the commencement of tapering - a policy of gradually dialing back or reducing its $85 billion monthly bond purchases. Though a bombshell to gold and other financial markets, the postponement of tapering was no surprise to our readers and clients. We have long argued that a weaker economy, highly vulnerable to any rise in interest rates, ...

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A Rollercoaster Ride for Gold Investors

In recent weeks, gold prices have been on a wild rollercoaster ride, lurching one way then the other, driven mostly by uncertain and highly volatile expectations - expectations about the likelihood and possible consequences of U.S. military intervention in Syria as well as expectations about prospective U.S. monetary policy as the next Federal Reserve policy-setting meeting (September 17th-18th) draws near. With events in the Middle East remaining uncertain, with Russia's own diplomatic offensive leading to who knows where, and with the next Federal Reserve Open Market Committee closing in, ...

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