Jim Rogers Buying More Gold

Jim Rogers, chairman of Rogers Holdings and one of the most successful traders in the world, is Buying More Gold. Not only is Rogers buying more gold, but wht he is buying is physical bullion. Not gold mining stocks, not gold ETFs but real, tangible gold. Just on his way back from the dealership in New York City, he presented a few gold coins from his pocket right on the table. Asked why these were all new, Rogers replied, “I don’t buy the collector side. […] In the world that might happen, where there’s so much chaos and turmoil, they’re...

Sterling Gold Price Hits New All-Time High

Bournemouth, U. K. — The price of gold has reached a new all-time high in sterling. An ounce of gold is quoted in London as high as £965.77 in late-afternoon trading. This is a solid increase of more than £6 over this morning’s price alone. According to SoundMoney Gold & Silver, the precious metals trading section of ecoPen Ltd based in Bournemouth, numerous factors of uncertainty contributed and are continuing to contribute to this fact. Chief among them are increasing worries about the situation in Greece. Interest rates on Greek government bonds had been quoted at more than 30% earlier this week. Bullion and coin dealers...

E-micro Gold Futures Volume Surpasses 100,000 Contracts

Chicago /PRNewswire/ — CME Group, the world’s leading and most diverse derivatives marketplace, today announced its E-micro Gold futures contract surpassed cumulative trading volume of 100,000 contracts yesterday. Trading on the E-micro Gold contract, which was launched on October 4, 2010, reached a total of 100,275 contracts on Wednesday, April 6. “We’re pleased with the rapid adoption of these smaller E-micro Gold contracts since inception,” said Harriet Hunnable, Managing Director, Metals Products CME Group. “Our E-micro Gold contracts provide a more economical approach for trading gold futures and it gives our market participants more flexibility to execute a variety of trading strategies over varying time periods.” The E-micro...