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News

China Central Bank To Increase Gold Holdings (12/27/2011)
Nation urged to increase holdings of gold Gold displayed at a shop in Shanghai. As of December, China ranked sixth worldwide in gold holdings, with about 1,054 tons, says a report released by the World Gold Council. Provided to China Daily  - Click for more...
Q3 Growth Revised Down 20% (11/30/2011)
Productivity Weaker Than Thought, Wages Slip- The rebound in U.S. nonfarm productivity growth was not as strong as previously estimated in the third quarter, while wages declined for two straight quarters, supporting the Federal Reserve's views of - Click for more...
37 of World's Largest Banks Downgraded by S&P (11/29/2011)
S&P Downgrades Dozens of Global Banks - November 29, 2011 - Standard & Poor’s on Tuesday cut its credit ratings for many of the world’s largest banks, including Citigroup (NYSE: C), Goldman Sachs (NYSE: GS) and Bank of Ameri - Click for more...
Bloomberg: $7.77 Trillion From Fed to Banks! (11/28/2011)
Secret Fed Loans Helped Banks Net $13 Billion- The Federal Reserve and the big banks fought for more than two years to keep details of the largest bailout in U.S. history a secret. Now, the rest of the world can see what it was missing.The - Click for more...
How Gold Performed in 2011 (From $1400 to $1900!)
Monday, November 21, 2011 For thousands of years, mankind has been charmed by gold, and the desire to own it has led to fervent gold rushes, dastardly deeds and greed-driven wars - Click for more...
Central Banks Purchase 556% More Gold (11/21/2011)
Gold Demand Increases As Central Bank Purchases Jump 556%-November 18 2011- Despite record high nominal prices and bubble claims, demand for gold continues to grow.  In its most recent Gold Demand Trends report, the World Gold Counci - Click for more...
Anger Mounts as MF Global Clients See $3 Billion Still Stuck (11/21/2011)
– Sun, 20 Nov, 2011 -NEW YORK (Reuters) - Three weeks after MF Global's collapsed, furious former customers are still fighting for access to billions of dollars as they question why as much as two-thirds of their money is still stuck. W - Click for more...