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Supported by a declining US dollar, gold maintained the gains it made at the beginning of May to sit above US$1,800 per ounce this week. Gold maintained gains made at the beginning of May to sit above US$1,800 per ounce this week. A drop in the US dollar pushed the yellow metal to the US$1,840 range before concerns over rising inflation and a potential interest rate increase muted gains. Despite performing flatly this week, gold has climbed 6.6 percent since March 1, when it was trading for US$1,724.80. It remains down from where it began the new year. Looking to the future, Ed Moy, chief market strategist at Valaurum, believes this year gold could rise as much as 14 percent to reach the US$2,000 to US$2,100 range. ....
Pop up search form Silver Manipulation: The iShares Silver ETF And J.P. Morgan’s Conflict Of Interest? (SLV, PSLV, AGQ, ZSL, GLD) Jeff Nielson: JP Morgan (NYSE:JPM) is the largest silver short-seller in the history of the world. JP Morgan is the “custodian” for the largest “long” silver fund in the history of the world, making this one of the largest conflicts of interest in all of history. If the unit-holders of the iShares Silver Trust (NYSE:SLV) make a small amount of profit on their holdings (per unit), JP Morgan suffers massive losses on its “short” position in the futures market – and then at least ....