ETF Trends
Gold Funds See Unprecedented 31% Slump With World Losing Faith
ETP investments reached a record $148 billion last year, helping sustain the bull market that drove a more than sixfold increase in prices since 2001 by offering a way to own bullion without needing to store it. The slump shows some investors losing
Gold funds see unprecedented slumpIrish Times
Gold ETFs Endure 31% Plunge in Physical HoldingsETF Trends
Gold fund exodus to sink holdings to lowest since 2008 next yearReuters

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Business 2 Community
Opportunity for Gold Today Same as It Was for Stocks in 2009
Business 2 Community
Opportunity for Gold Today Same as It Was for Stocks in 2009 image 121213 PC lombardi I turned bullish on gold bullion in 2002. At that point, gold bullion was trading around $300.00 an ounce. Now, it trades above $1,250. Simple math suggests this is
Is That Gold Bullion In Your Pants, Or You Just Happy to Be in India?MetalMiner
Gold seizures have doubled and so have hawala premiums. What gives?Firstpost
Gold-Starved Indians Still Soaking-Up SilverWall Street Sector Selector

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Resource Investor
Gold, Silver Inch Up on Week; US Mint Silver Bullion Coins Jump
Gold and silver bounced back Friday to recover from sharp prior-day losses and each logged weekly gains as a result. Gold for February delivery rebounded $9.70, or 0.8%, to finish at $1,234.60 an ounce on the Comex division of the New York Mercantile 
Gold Price "Faces Critical Week" as Fed Taper, US Budget Deal "Erode Gold BullionVault
BULLION MORNING – Gold prices lower in range, FOMC looms largeFastMarkets Metal News
Gold faces critical week ahead as Fed meets, bear market continuesResource Investor
Bloomberg –The Japan News
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The Market Oracle
Japanese Silver Moves Up; US Gold Bullion Weakens
Following a couple days of improvement, the price of US gold bullion weakened by 0.8 percent. Japanese gold bullion saw its price rise 0.6 percent. Chinese gold bullion finished the day down 0.2 percent. Following a two-day rise, the price of Indian
Opportunity for Gold Today Same as It Was for Stocks in 2009CountingPips
Market Oracle FREE NewsletterThe Market Oracle
Gold seizures have doubled and so have hawala premiums. What gives?Firstpost
Wall Street Sector Selector
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Is That Gold Bullion In Your Pants, Or You Just Happy to Be in India?
Jewelry (and, to be sure, gold) demand is such an intrinsic part of Indian culture that it is not surprising that as official imports have slowed, smuggling has risen. Read the first part of this story here. Official Indian gold imports may fall 70% in
Gold seizures have doubled and so have hawala premiums. What gives?Firstpost

all 8 news articles »

Gold and silver are moving higher as the record short position begins to unwind.  Look for a powerful move and double bottom in gold and silver as demand is soaring in Asia and huge short positions are being covered in the West.  When the majors are buying projects at a high premium like in early 2011, when Newmont bought our recommendation Fronteer Gold  for top dollar that will once again be a time to be careful and raise cash.

For right now, investors are ignoring undervalued situations such as International Tower Hill Mines (THM) which owns one of the best deposits in North America with over 20 million ounces of gold.  But they may not ignore THM for much longer especially if gold turns higher.  I have learned that the stories hated during a declining gold price become the largest gainers when the price moves higher.

The long term trend in gold remains higher and this correction may provide opportunities for precious metals investors to gain exposure to highly leveraged vehicles to the gold price.  International Tower Hill Mines is like an option on the gold price with no decaying time value or expiration.  THM’s Livengood Asset is one of the largest undeveloped deposits in the world still 100% controlled by a junior.  It could produce massive amounts of gold annually.  Hundreds of millions of dollars have been spent on this asset with 792 drill holes yet investors can purchase the company for around a $40 million market cap way below its book value.  One must remember that current resources are only on 1 sq mile of a 75 mile land package.  I believe there may be additional high grade zones like Money Knob on the property.

The project is located in a gold district which has mined precious metals since 1914 and the State of Alaska especially this region is incredibly supportive of this asset.  Livengood coming into production over the next decade could provide thousands of jobs for the region and could really boost the economy in nearby Fairbanks.  I have been blessed to be able to visit the property.

It is located just off an all season highway.  I have known some of the key technical people for several years and they are high caliber with strong moral ethics.  They have the experience in permitting and starting up some of the top mines in Alaska such as Pogo and Ft. Knox which are cash cows for Teck Cominco and Kinross.

THM released their feasibility study in one of the worst gold mining markets in history. The study showed that they will not be economic until $1500, however if gold should go higher the leverage to the price of gold is extremely impressive. The mine is massive and could produce over 500,000 ounces of gold per year if gold moves above $1500.

With an advanced NI 43-101 feasibility study the management who previously built major Alaskan Mines such as Pogo and Ft. Knox, Tower Hill could attract strategic partners to advance this project. The company is also actively exploring other mine configurations to bring the Capex and cash costs down. It is important to remember that International Tower Hill Mines sports a market cap of around $40 million and has spent over $250 million advancing this project through feasibility. That sounds like a bargain to me.

Listen to a recent interview with the CEO of International Tower Hill Mines Corp Don Ewigleben below.

Disclosure:Author is long THM and the company is a sponsor on website.


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Wall Street Journal (blog)
Gold Bullion "Selling Now Done", Growing Bearishness "Good News for Bugs"
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Buenaventura's Largest Silver Mine Reports Strike; Big Change Hits Indian Gold
Decreasing 6.6 percent made Indian gold bullion the biggest mover of the day on Friday, December 6. Weakening prices followed two days of improvement as the price of US gold bullion dropped 1.5 percent. Chinese gold bullion fell 0.9 percent last Friday.

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Gold, Silver Start December Lower; US Gold Bullion Coins Surge
Gold, silver and platinum traded lower in the first week of December but palladium rallied. On Friday, gold for February delivery declined $2.90, or 0.2%, to settle at $1,229 an ounce on the Comex division of the New York Mercantile Exchange. Prices
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Binary Tribune
Gold Gives Back Some Gains; US Mint Gold Bullion Coins Soar
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Jutia Group
Losing Faith in Gold? Read This Before You Sell
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Bitcoin vs. Bullion: What's a Better Way to Spend $1200?
Uncommon Wisdom Daily
The financial media are trying to figure out whether Bitcoin is another unsustainable asset bubble, or a new kind of gold. But even though they are trading for roughly the same price, with Bitcoin trading above $1,100 and gold bullion in the 
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Jutia Group
Bullion smuggling outstrips narcotics to feed gold habit
Reuters India
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