News May 16, 2012
  • Gartman: Don’t Buy Gold – But Others Disagree

    3:58PM  |  By Philip Burgert

    Trader, economist and Gartman Letter publisher Dennis Gartman knows when he is wading into a hostile crowd. He brought up gold in his keynote address to the New York Hard Assets Investment Conference and immediately acknowledged his contrarian views.

  • Put Your Money Where Your Mouth Is

    12:19PM  |  By Peter Grandich

    When we last visited this price area on gold in December 2011, I challenged the loud-mouthed gold bears to wager $1 million dollars on gold hitting $2,000 before $1,000. I offered the world’s worst gold forecaster and the “Tokyo Rose” of the gold market to double that bet.

  • The Bear Facts of the Bullion Market

    10:36AM  |  By Jon Nadler

    The uber-critical $1,527 line of gold’s price defense came into play overnight as we had recently pondered here, and this time around, despite all the denials of the fact and protestations to the contrary, the gold market entered the cave of the bear

  • ‘Crowded’ Gold Trade Needs to Lose ‘Weak Hands’ Investors

    9:10AM  |  By Adrian Ash

    Benchmark prices to buy gold for London settlement rallied more than $10 an ounce off new five-month lows beneath $1,528 on Wednesday morning, bouncing as the euro, world stock markets and commodity prices also paused this month's sharp liquidation.

  • Soros, Pimco, Paulson & Teachers Buy Gold in Q1

    8:34AM  |  By Mark O'Byrne

    Gold traded off in Asia hitting a low of $1,526.80/oz. then recovered as the market opened in Europe and is now trading near $1,537.25. Support at $1,550 has been breached and gold is now testing support between $1,523/oz. and $1,533/oz.

  • Commodities Sold on Greece Woes – Fed Minutes Ahead

    8:14AM  |  By Ilya Spivak

    Commodity prices are trading broadly lower in European hours as risk aversion grips financial markets, weighing on sentiment-linked crude oil and copper prices while boosting the safe-haven US dollar to put de-facto downward pressure on gold and silver.

  • Gold & Gold Miners Close in on Major Bottom

    7:25AM  |  By J.W. Jones

    The “wall of worries” permeates the financial landscape as risk at present seems unprecedented. The list of macroeconomic concerns ranges from the European sovereign debt crisis to escalation of military action in the Middle East.

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