Metals in Doldrums - Miners Moving Toward Buying Ranges

The precious metals are coasting for the time being.
From the Gold and Oil Guy: He is neutral on gold and probably silver for this week. This is likely what we will face for the next few days and maybe into next week. He has some great graphs and commentaries on his week end report. You can read and view it HERE.

From GATA:

Market is remonetizing gold, and GFMS is sore about it

Submitted by cpowell on Thu, 2010-01-14 02:16. Section:

Investor Appetite Drives Gold to New Peak

By Chris Flood
Financial Times, London
Wednesday, January 13, 2010

LONDON -- Investors bought more gold than buyers of jewellery for the first time in three decades in 2009, highlighting the increasing impact of speculators on bullion prices.

GFMS, the consultancy that compiles benchmark supply and demand data on the metal, said investment demand doubled to 1,820 tonnes last year, while jewellery purchases fell 23 per cent to 1,687 tonnes, a 21-year low.

The data provide the clearest indication of the huge role investors played in driving gold to a record high of $1,226.10 a troy ounce in December. Read it HERE.

From Bloomberg.com:

Venezuelans Face Blackouts as Opposition Sees Opening

Jan. 13 (Bloomberg) -- Venezuela began rolling blackouts today that will continue for the next five months as the worst drought in 50 years threatens to shut the nation’s biggest hydroelectric plant and collapse the power grid. Read it HERE.

From Bill Moyers interview with Bill Black on You Tube: This is a great video which realistically reveals the fraud in the bail outs and should be watched by all HERE.

The miners from Scottrade.com:

The currencies from Kitco.com:

Prices of some: FVITF 2.58; BYDDF 9.36; KENS 0.028; Gold down 5.10 to 1132; Silver off 0.18 to 18.46; DOW up 2 to 10682.

Do Not Miss the Bill Moyer video. It is extremely important to understand the corruption in our government.

Best to each, Doug