Gold Drifts Amid South African Labor Tensions; PIMCO Again Says Nice Things About Gold; Bacteria That Produces Gold!
Gold continues to attract a bid as it struggles to break free of what has turned out to quite the resistance zone in the $1770 region.
Here is one factor behind the small amount of strength: Gold Fields tells miners to pack and go – South Africa | IOL News | IOL.co.za http://www.iol.co.za/news/south-africa/gold-fields-tells-miners-to-pack-and-go-1.1394858#.UGxLODyJzn5.twitter
Yesterday I featured PIMCO’s write up on why one should buy gold. Today, Bill Gross, the manager of the PIMCO bond fund, the biggest in the world, talks about owning hard assets including gold.
Bill Gross says only gold and real assets will thrive in fiscal ‘ring of fire’ http://blogs.marketwatch.com/thetell/2012/10/02/bill-gross-says-only-gold-and-real-assets-will-thrive-in-fiscal-ring-of-fire/ via @MarketWatch
From the odd news file:
Scientists discover bacteria that can produce 24-carat goldhttp://profit.ndtv.com/news/commodities/article-scientists-discover-bacteria-that-can-produce-24-carat-gold-311612
How can GLD find metal so much more easily than the rest of us? http://bit.ly/PDF0ts
Share this post
Author Jim Kingsland
Market commentator with focus on Gold and Silver after long broadcast career at FNN, Bloomberg, and Fox. #RandomHouse published author on PMs. Jim has also been involved in projects for CAC and Coinplex.