Market News

SCOTTSDALE BULLION & COIN - U.S. Gold Supply: A Large and Growing Deficit

Everyone who buys gold for investment, whether long or short-term, should understand the role
supply and demand plays in the pricing of all commodities. This reality makes a recent report
about continuing gold deficits in the U.S. of particular interest to gold investors.

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INVESTING.COM - Gold nears key bullish turning point

Investing.com - Gold looks poised to reach a bullish turning point after its rally in the
past 24 hours as U.S. political risk rises, analysts say.


The precious metal is now closing in on a bullish cross of the moving averages after
appearing to find some key support at the $1,214.09 an ounce mark.

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WSJ - Gold Edges Higher as Markets Mull Tax Plan

Gold prices edged higher Thursday, as traders digested a new tax plan from the White House.


Gold for June delivery closed up 0.1% at $1,265.70 a troy ounce on the Comex division of the
New York Mercantile Exchange. Prices were as high as $1,271.10 a troy ounce earlier in the
session.

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FORBES - Warren Buffett Hates Gold... But Here's Five Reasons You Need To Own It

In a 1998 speech at Harvard, legendary investor Warren Buffett shared his thoughts on gold:


“[Gold] gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another
hole, bury it again, and pay people to stand around guarding it. It has no utility.”


Buffett is correct—gold doesn’t produce earnings or pay dividends. There are, however, some
good reasons gold should be an essential part of every investor’s portfolio.

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MARKET WATCH - Gold’s tempered climb makes gains more ‘sustainable’, says Milling-Stanley

Gold is positive on the year, but maybe not as much as some investors expected given the
abundance of economic and political uncertainty that usually feeds a rally in prices for
the metal.

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BLOOMBERG - Hedge Funds Jump on Gold for Life Raft as Dollar Ship Sinks

There’s no stopping the gold bulls.


Hedge funds increased their wagers on a gold rally to the highest since November, betting that
this year’s 11 percent advance has more to go. Investors are also loading up on the metal through
exchange-traded products, pouring $487 million into SPDR Gold Shares on Wednesday. That
was the biggest daily inflow into the world’s top bullion ETF in seven months.

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