Posted on April 17, 2013
The recent sell-off in gold and silver defies the fundamentals of the market, and all logic.
Posted on March 21, 2013
Don't hold your gold at the bank.
Posted on March 12, 2013
Gold prices seem to have stabilized for now, after a tumultuous two weeks, when the price of the yellow metal was driven down by speculators on Comex who reacted to the slightest bit of economic news.
Posted on March 1, 2013
The prudent investor is able to read between the lines.
Posted on February 6, 2013
Last week gold prices rallied strongly after GDP growth in the U.S. unexpectedly contracted in the final three months of 2012 and for the first time since the recession.
Posted on November 6, 2012
After plunging on Friday, gold prices have rebounded for a second day on Tuesday as the US dollar was a touch weaker ahead of the U.S. presidential election.
Posted on October 24, 2012
After failing to break above the key resistance level of $1800 an ounce, the price of gold has come under some selling pressure.
Posted on October 16, 2012
After failing to break above the $1800 an ounce level, gold prices came under some selling-pressure last week to trade lower and off its recent highs.
Posted on September 4, 2012
Finally, we have a break to the upside in both gold and silver, something that many precious metals investors have been patiently waiting for, but expected to happen.
Posted on August 28, 2012
Finally, the price of gold has broken out of its’ period of consolidation and now looks set to test the $1700 an ounce level in the short-term.
Posted on August 21, 2012
As the price of the yellow metal punched through the $1625 an ounce level, buy stops were initiated, fuelling the rally as some traders on the short side were forced out of the market.
Posted on August 15, 2012
Gold’s value does not arise from its usefulness in industrial or consumable applications. It arises from its use and worldwide acceptance as a store of value. Gold is money.
Posted on August 7, 2012
Even though the European Central Bank and the US Federal Reserve failed to deliver any new stimulus programmes last week, the price of gold has managed to remain above $1600 an ounce.
Posted on July 17, 2012
Much of the selling pressure in the gold market can be attributed to the current strong US dollar which I believe is a total aberration. Since May this year, the greenback has gained more than 6% against a basket of major currencies despite a slew of poor economic data.
Posted on July 10, 2012
Our modern day monetary system has been pervaded by greedy, power seeking liar’s, thieves and cheats.
Posted on June 26, 2012
Last week, gold came under some strong selling pressure from traders on Comex as they managed to knock gold prices down by around $60 an ounce.
Posted on June 19, 2012
Thanks to all the media hype about the Greek elections, many people around the world were beguiled into believing that this small country had the power to decide the fate of the euro itself as well as the financial state of the entire world.
Posted on June 14, 2012
Investors would do well to accumulate physical gold and silver as alternatives to paper currency.
Posted on May 8, 2012
In a trading pattern that has become all too familiar, almost the minute the US session began on Comex today, the price of gold was sold down by almost $40 an ounce to trade at a five month low of around the $1600 an ounce.
Posted on May 3, 2012
It was not that long ago when Greece was the main concern of global investors, but already most of us have already forgotten about that on-going saga. Now, the global financial crisis has moved from Greece to Spain, with Italy waiting to join this elite club.
Posted on April 24, 2012
It seems that investors have shrugged off the latest developments around the world, in particular the Eurozone and are looking for direction from the US Federal Reserve.
Posted on March 20, 2012
Recently, I read an article about how Congo born, Dikembe Mutombo, an all-star NBA defender, was nicely scammed in a fake gold deal.
Posted on March 13, 2012
For more than 20 years, most central banks diversified out of gold into currencies, especially the US dollar as well as US Treasuries.
Posted on February 14, 2012
Amid rioting in the streets of Athens, the Greek parliament finally approved the austerity package required in order to secure the EUR 130 billion second bailout from EU/IMF
Posted on February 7, 2012
Gold prices continued to advance last week as more investors around the world gradually become more aware of the fragility of the current global financial system. The price of spot gold traded as high as $1763 an ounce before it …
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