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Mining CEOs Agree, We Could See A 2015 Gold Supply Crunch

(Kitco News) – As another year goes into the books, gold mining companies are looking into mine plans and strategies for the new year.

Lower Oil Prices, Higher Equities, Tax Selling Hurting Gold – RBC’s Gero

There are not enough bargain hunters in the gold market to create much needed momentum in the marketplace, says George Gero, vice president and precious-metals strategist with RBC Capital Markets Global Futures. Gero says the gold market is hurting because of lower oil prices, stronger equity markets and year-end tax selling. “We still see lots of bears in the woods,” he says. “Gold prices need to rally back to $1,225 [level] for the technical picture to improve for the gold market,” he adds.

Final U.S. GDP Rises 5.0% In The Third Quarter

(Kitco News) – The U.S. economy showed no signs of slowing down in the third quarter according to the U.S. Department of Commerce’s final reading of third-quarter gross domestic product.

Gold Steady-Firm as Follow-Through Technical Selling Offset by Bargain Hunters

Gold prices are steady to slightly higher in early U.S. trading Tuesday. Some more technically related selling pressure is featured following Monday’s losses. However, bargain hunters have stepped in to buy this latest dip in prices. A lack of fresh, bullish fundamental news for gold this week is allowing the chart-based traders to become emboldened sellers. Thin trading conditions this week are exacerbating price moves in many markets, including gold and silver. February Comex gold was last down $0.60 at $1,179.20 an ounce. Spot gold was last up $2.20 at $1,177.50. March Comex silver last traded up $0.092 at $15.775 an ounce.

The Six PM Recap With Gary Wagner: Inflation Hedge Needs Are Evaporating

As oil continues its spectacular decline, and prices for gasoline start eyeing $1.50 per gallon in some places, inflation seems like some old fading cowboy from a Saturday afternoon movie serial riding into the sunset on his aged horse. Goodbye, Old Paint. (That’s the standard name for an old cowboy’s horse.)

Speculators Squaring Gold Trades Ahead Of FOMC – CFTC Data

Hedge Funds and money managers squared their books ahead of the holidays and an uncertain Federal Open Market Committee meeting, according to the latest trade data from the U.S. Commodity Futures Trading Commission.

Gold Ends Sharply Lower, Hits 3-Week Low, on Technical Selling, Lower Oil

Gold prices ended the U.S. day session sharply lower and hit a three-week low Monday. Technical selling was featured amid a lack of fresh, bullish fundamental news. Lower oil prices were also a bearish “outside market” force working in favor of the precious metals bears Monday. Thin volume, as many players are already off for the Christmas week, likely exacerbated the downside price move in gold Monday. February Comex gold was last down $21.40 at $1,174.70 an ounce. Spot gold was last down $19.80 at $1,174.75. March Comex silver last traded down $0.38 at $15.65 an ounce.

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Central Banks On Diverging Paths In 2015

With the 2008-2009 global financial crisis finally fading into the rear view mirror, focus turns the Big Three global central banks —the U.S. Federal Reserve, Japan’s Bank of Japan (BOJ) and the euro-zone’s European Central Bank (ECB).

Gold Sells Off as Crude Oil Resumes Price Slide

Gold prices have dropped to moderately lower levels as midday U.S. trading approaches. Gold’s dip coincided with falling crude oil prices, as Nymex futures traded solidly lower after posting early, slight gains. A lack of fresh, bullish fundamental ne…