The gold-to-silver ratio has now spiked above 85, which is the highest level of this entire 18-year bull market.
Friday morning FED chair Yellen finally opened her mouth and said a whole lot of nothing.
Gold and silver prices ran out of momentum during the first week of July and have been drifting lower ever since.
These five junior mining stocks are 10 baggers, through just the first half of the year.
The gold price advanced sharply during the first three months of 2016 (+16%), marking its best quarter in 30 years. However, it corrected from a high around $1,287 to $1,200 over the past few weeks.
Gold advanced in both Canadian and Australian dollars, rocketed higher in Argentine pesos and Brazilian real, climbed higher in Mexican pesos, Russian Rubles, South African Rand, Turkish Lira and Ukrainian Hryvnia.
Only 82.6 metric tons (mt) of silver were produced domestically in September versus 103 tons during September of last year.
It has been a rough few weeks for gold investors, as the price has experienced a waterfall decline of over $100.
Precious metals have rebounded strongly over the past week, following comments from the Federal Reserve.
I have always been in favor of mining companies holding back the sale of a portion of their metals when prices dip. Furthermore, they should hold reserves beyond the amount needed to run daily operations in gold and silver, not fiat cash.
I have made no effort to hide the fact that I am very bullish of gold. I am, after all, writing this for a site called GoldStockBull, and in fact my debut submission to the site was […]
The month of September has historically been the strongest for precious metals. Since the start of the current bull market, gold has averaged a gain of 2.6% during the month of September.
The “Foreign Affaird” publication of the influential and policy-setting Council of Foreign Relations made an announcement that could have huge ramifications for monetary policy going forward.
Gold bugs have been forecasting a dollar collapse for years. They have been correct about the gold price, which has advanced nearly 400% in the past 12 years versus a gain of just 64% for the S&P 500.
You have probably read in multiple articles that mining stocks offer leverage to the movement of the underlying metal.
Gold demand in the third quarter of 2011 reached 1,053.9 tonnes, an increase of 6% compared to the same period last year.