Gold Falls for Third Day in New York Before Fed Decision – Bloomberg 06-21-12

Salient to Investors: Standard & Poor’s GSCI Spot Index down 22 percent from 2012 highest close, entering a bear market. James Steel HSBC Securities (USA) said near-term momentum may take prices lower, but it would create a buying opportunity. Read the full article at http://www.bloomberg.com/news/2012-06-20/gold-set-to-rebound-on-expectation-fed-will-stimulate-economy.html

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Gold-Investment Demand in China to Advance 10%, ICBC Says – Bloomberg 06-10-12

Predictions: Industrial and Commercial Bank of China ‘s Zheng Zhiguang says the financial crisis has evolved into a sovereign crisis so expects gold-investment demand in China to grow more than 10 percent this year as buyers seek a haven from lackluster equity markets and property curbs. Individual, institutional or even government investors should own gold

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Hedge Funds Lose 2.9% in Worst Month Since September – Bloomberg 06-06-12

Salient to Investors: Hedge funds lost 2.9 percent in May. Are down 1.3 percent since Jan 1 versus 0.9 percent gain for equities worldwide, including reinvested dividends. Paulson gold fund lost 13 percent in May, is down 23 percent in 2012. Bloomberg hedge fund index is 14 percent below July 2007 peak. Read the full article at http://www.bloomberg.com/news/print/2012-06-06/hedge-funds-lose-2-9-in-worst-month-since-september.html

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