Japanese Gold Bullion Moves Down
MetalMiner
The day's biggest mover was Japanese gold bullion, dropping 1.7 percent to settle on Monday, December 23. After hitting a 30-day low on Thursday, December 19, the price of Chinese gold bullion rose 0.6 percent yesterday. Indian gold bullion saw little 
BULLION MORNING – Gold Price steady, market prepares for Christmas breakFastMarkets Metal News

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4.0% Drop Hits Indian Silver, Indian Gold Bullion Also Declines
MetalMiner
Indian gold bullion fell 3.9 percent. US gold bullion fell 2.5 percent in price. This marks the fifth day in a row of declining prices and the drop-off has accelerated since Monday, December 16. The price of Chinese gold bullion fell 1.8 percent. The
Sellers Notably Absent from Bullion MarketNumisMaster.com

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Moneycontrol.com
Gold comes off all-time high, silver declines during 2013
Moneycontrol.com
The Reserve Bank of India, too, imposed restrictions on gold imports for banks, such as curbs on granting advances for the purchase of gold in any form, including primary gold, bullion, jewellery, coins, units of gold exchange traded funds and units of

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India's Smuggled Gold Problem Worsens; Indian Gold Bullion Turns Around
MetalMiner
Gold smuggling has apparently become so bad in India, that ”[whistleblowers] who help bust illegal gold shipments can get a bigger reward than those who help catch cocaine and heroin smugglers,” according to a recent article on Mineweb. “In the biggest 

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Sales Rocket At Bullion Dealer As Gold Bars Become A Top 10 Gift Idea
PR Web (press release)
Sales at a leading online bullion dealer have rocketed by 400% as more of us wish for presents which last more than a few days after Christmas. A survey conducted by PostalBullion.com showed that over 80% of respondents would want a present which they 

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Firstpost
Five Hidden Drivers That Will Slingshot Gold Price to $2500 – 20th Dec 13
The Market Oracle
A lot of bullion banks and trading houses made a lot of money on the gold price crash. (It's impossible to tell how much… but by our calculations, it could've been as much as $1.2 trillion.) Because of that manipulation, we're now facing a chain
State buying may explain China's gold import surgeFinancial Times
Gold Price Manipulation – Is it real?Gold Seek
China trading volumes climb as global bullion prices dropFirstpost
Resource Investor –BullionVault
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Gold bullion, Mickey Mantle baseball headline state abandoned property auction
Tulsa World
Gold bullion, Mickey Mantle baseball headline state abandoned property auction. Items in the state's auction include gold bullion, silver bars and class rings. Story · Comments. Print: Create a hardcopy of this page; Font Size: Default font size

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Financial Post
Outlook weak for gold, better for gold equities
Financial Post
He pointed out that this is the first calendar year since 1997 in which gold will likely finish with a double-digit percentage drop. He looked at other years in which gold fell by at least 10%, and found that bullion prices are generally flat the
Will Asia's gold bugs come to the metal's rescue?CNBC.com
PRECIOUS-Gold down 2 pct to 6-month low, 'double-bottom' seenReuters
Gold Climbs From Lowest Close Since 2010 as Goldman Sees LossesBloomberg
FXstreet.com –Financial Express
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Business Intelligence Middle East
Shanghai Gold Exchange Contract Volume Surges on Price Slump
Bloomberg
Gold volumes for the benchmark cash contract on the Shanghai Gold Exchange, China's biggest spot bullion market, climbed to a 10-week high as a price slump spurred buying. The volume for bullion of 99.99 percent purity climbed to 19,775 kilograms 
Fed Tapering Whacks Gold, Spooks China, "Normalization" Challenged by US CountingPips

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Gold Investing News
Will Gold Bounce Back in 2014?
Gold Investing News
Since the program started in 2008, the bullion price has more than doubled, and only in the past 12 months has it significantly slipped. Indeed, there will be no Santa Claus rally for gold this year, and the metal's 12-year bull run has almost
Fed Tapering "Not a One-Way Bet" Against Gold Prices But Analysts Trim 2014 BullionVault
TSX up in wake of Fed taper decision; gold stocks drag, bullion at 3-year lowEdmonton Journal
Gold price rises for 3rd day ahead of Fed tapering decisionZee News

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Live Trading News
State buying may explain China's gold import surge
Financial Times
The Chinese state could be behind a surge in bullion imports that will see China overtake India as the world's largest consumer of gold, according to one of the sector's most influential investors. Evy Hambro, chief investment officer of BlackRock's
US to export a record 750 tonnes of gold this year, mainly to China as local Gold Seek

all 3 news articles »


ETF Trends
Gold funds see unprecedented slump
Irish Times
Goldman Sachs called gold bullion a “slam-dunk” sell in October. Photograph: Mario Tama/Getty Images. Topics: Business · Economy · Ben S Bernanke · John Paulson · Federal Reserve; More Topics. Mon, Dec 16, 2013, 12:10. First published: Mon, Dec 16, 
Gold ETFs Endure 31% Plunge in Physical HoldingsETF Trends
China's third gold ETF in muted start as consumers prefer physical metalReuters
Gold prices inches upThe News International
InvestmentNews
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Why Sprott Resource Corp. Sold $76M in Bullion
Gold Seek
Private equity firm Sprott Resource Corp. recently sold off nearly $76 million in gold bullion, but don't count the firm out of precious metals yet. What is the firm shopping for with its new-found cash? In this interview with The Mining Report, new
Steve Yuzpe and Maria Smirnova: Why Sprott ResourceJutia Group

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The Pentagon just released an encouraging report that says that The West is making progress in breaking the Chinese Monopoly on heavy rare earths.  The U.S. Department of Defense is hoping to build a domestic rare earth supply chain that can provide the rare earths for the military and industrial sector.  Prices are basing indicating that the market believes that additional supplies of rare earths will come online.  These critical rare earths are important for some of the top soaring stocks such as Apple, Tesla, Vestas, Raytheon, GM and Boeing.

It is time for our subscribers to closely watch the rare earth sector as the U.S. flies B-52 bombers into disputed zones with China.  Escalating tensions may have major implications on the price of rare earth oxides in the West.  China controls 99% of heavy rare earth production which is critical for the West’s latest military technologies.

The dispute is over islands in the East China Sea which is owned by Japan.  China and Japan have been seeing rising escalations for several years which has caused major spikes in rare earth prices as the West feels China’s chokehold on these critical high tech elements.

The Chinese-Japanese tensions are rising which could trigger a spike in rare earth prices as China cuts back exports.  Over the past two decades China has monopolized a group of metals that is critical in the latest military technologies such as stealth helicopters and guided missiles.  China just announced that they will cut back on heavy rare earth exports in 2014.

Watch Ucore Rare Metals (UURAF) which controls the heavy rare earth Bokan Deposit in Alaska.  The company has made many technical advancements in 2013 on the highest grade heavy rare earth deposit in the United States.  They are working closely with the U.S. Department of Defense to advance this project.  I have been to the property in 2011 and seen the tens of millions of dollars of work that has advanced this asset to the feasibility stage.

Ucore Rare Metals (UCU.V or UURAF) has made several accomplishments during a very difficult resource market in 2013.  Ucore published a Preliminary Economic Assessment (PEA) earlier this year which showed attractive economics despite lower rare earth prices.  The company is confident that the strategic heavies are beginning to turn higher and demand will grow over time.  The PEA showed a lower Capex and shorter timeline to get into production versus many of their peers.

In addition, the Alaska State Legislature voted unanimously to move Ucore’s Bokan Project ahead.  The State of Alaska has the financial strength to help advance this project.  Look for funding developments from the State in the near future as they are very supportive of this project.  Ucore is using state of the art mining technologies  to improve mining efficiency and economics.  Ucore has recently submitted its Plan of Operations and received permits to place a mining camp on Bokan and allow infield drilling, condemnation drilling and other mining activities.

Recently, Ucore announced a significant resource update which was the result of $12 million worth of expenditures.  They also added a new board member who has significant financial and legal expertise. We may see tax loss selling this December and Ucore may hit four year lows as investors look to take losses.  It may be prudent to use this as a discount opportunity to purchase shares at multi-year lows.

I expect a major move higher as the dispute with China escalates in 2014.  Despite all these major technical advancements in Ucore, investors like you and me can pick up arguably the most important and highest grade U.S. heavy rare earth deposit for a fraction of what is was worth in 2011 at four year lows.

The increasing tension between The West represented by Japan and China is increasing over the supply of critical rare earths and minerals.  It has become such a crisis that the U.S. Department of Defense is assisting with the metallurgy for this small rare earth junioIr in Alaska who controls the highest grade heavy rare earth asset in the United States.  The focus is on advancing the asset to production as the Department of Defense published a report in 2012, which said the heavy rare earths were vital for the success of our military.  United States technology and military equipment can’t risk not having a secure supply.

Currently the U.S. is dependent on many imported minerals despite having a domestic abundance.  For many years I told you to look for strong interest from the U.S. government to advance a domestic heavy rare earth mine which can provide the material for stealth aircrafts and cruise missiles.  The U.S. and Japan can not rely just on China.  At any moment they can shut the exports and play hard ball.  The West better have a backup plan which is stockpiling the metal and at the same time advancing potential heavy rare earth assets into production.

Listen to my recent interview with Ucore CEO Jim Mckenzie below. We discuss all the major advancements in 2013.

 

For more information on Ucore contact Mr. Jim McKenzie, President and Chief Executive Officer at: (902) 482-5214.

Disclosure: Jeb Handwerger owns UURAF and the company is a sponsor on my website.