Exchange traded funds that invest in platinum and palladium were lower in the first half of 2011 on concerns about the global economy, the Japan earthquake and the European debt crisis.
Platinum and palladium are precious metals like gold and silver. However, they are also favored for their industrial uses, such as automobile production.
After two days of consecutive gains, gold and silver briefly dipped into the red after Friday’s job report.
The past couple weeks have been a somewhat trying time for precious metal investors.
The week was a wild one with lots of choppy action in the indices as was to be expected as bases build here nicely.
It is no secret that precious metal miners have lagged behind bullion prices.
Newmont Mining is one of the largest gold producers in the world.
The exciting tech sector of yesterday will pale in comparison to the precious metals sector of tomorrow, say Chris Marchese, portfolio strategist with a hedge fund under Vishni Capital, and Jason Burack, independent investor and creator of Wall Street for Main Street. In an exclusive interview with The Gold Report, they share their analysis of one last solid-gold—and silver—investment frontier.
On Friday, gold dipped to as low as $1,723 before rebounding, which brings us to an important support level for gold.
It’s the thick of summer now and I’m trying to take it pretty easy this weekend and perhaps another weekend or two while the warm weather is here. The good news about that is that there is so much focus on the debt ceiling debates that you’d hardly know anything else is going on anyhow.
An important shift in global markets is taking place and it bears introspection. Gold has broken to a new high while Silver has established a bottom. Precious metals stocks have rebounded significantly from support
Dilip Kumar Jha | 2011-07-03 00:10:00 Gold is likely to remain subdued this week on profit booking by global investors. Lack of safe haven buying support may continue, pulling the yellow metal further down and giving an opportunity to new investors to
Police have arrested two men in connection with a theft of platinum worth over NT$44 million from a high-tech company in Hsinchu County, officials said yesterday.
Police also managed to recover 18 kilograms of platinum from the suspects during the arrests in Taoyuan
The downside on the precious metals should continue and we expect gold to go somewhere close to $1,472 levels.
Rising inflation in China and India's tenth interest rate hike since March 2010, is set to take a toll on consumers preference for the yellow metal, according to analysts and traders.
"Gold and silver will surely get pummelled in the near term with signs of a stronger US dollar and yet another rate hike in India. Investors have very little savings these days and prefer not to invest in gold," said Manoj Maheswari, bullion analyst at a brokerage firm here.
Traders beware, the dreaded precious-metals summer doldrums are now upon us! Summers are barren sentiment wastelands for the entire PM complex. Gold, silver, and the PM stocks tend to grind listlessly sideways to lower, vexing traders who aren’t psychologically prepared to weather this slow season.
Canadian gold miner Anaconda Mining Inc posted a fifth-straight quarterly loss, but expenses were lower from a year-ago levels and production rose sequentially.
Net loss for the third quarter was $1.9 million, or 1.5 cents a share, compared with a loss of $2.2 million, or 2.5 cents per share, a year ago.
There is no doubt my two favourite metals are stars again this year, especially my long-time favourite, silver. I’ve preached for years on the validity of owning the physical metals and hope you’ve done so. I’ve certainly put my money where my mouth is in a large way and it’s really paying off in spades.
It’s understandable that people want to know where the precious metals market is headed next. And not just because big fluctuations can be nerve-wracking, but because it makes a big difference how you’d invest today if, for instance, you think there’s a big correction ahead (save cash to buy cheaper) or not (load up and ride the wave).
Equities and Precious Metals are on the edge of another rally and it could start as early as tomorrow.
I think an update is due for everyone. Times are unprecedented and markets are very dangerous.
As the country still reels from the devastation of a massive earthquake and tsunami, we provide a brief view of where Japan fits into the world precious metals markets.
Thus far the Japanese earthquake has not effected Rhodium prices, while irrationally sending Gold and Silver prices temporarily higher.
Coeur D’alene Mines Corp (CDE:NYSE $34.70) is just beginning its monumental move. I believe we may see its share price double in the next 8 – 12 weeks.
It was a strong week for the precious metals especially Silver. We had a few large players in the world talk about Gold and the coming further weakness of the US Dollar and it’s lessening role throughout the world.
Here's one I like: Cardero Resources Corp. (CDU.TSXV).
Gold production at Centamin's flagship Sukari gold project have continued and company says no restrictions imposed although Egypt on Sunday banned gold exports for next 4 months
Orezone Gold Corporation (ORE:TSX) is pleased to announce that it has completed the sale of its Sega Gold Project ("Sega") in Burkina Faso to Cluff Gold plc (Cluff) for total consideration of approximately US$26.5M.