When Dr. Alan Greenspan became chairman of the Federal Reserve, he moved from the world of rhetorical economics to the world of action. His most recent memoir attempts to make sense of how the financial crisis of 2008 came to be and how we can better predict future crises, along with the role of gold in a global monetary system.
In 2013, silver tended to be more volatile than precious gold. Spot silver prices crashed almost 36% from $30 per ounce to sub-$20 levels. However, in stark contrast to gold ETFs, the holdings in silver ETF shares held on. After the disastrous 2013, what is in store for silver next year?
With gold and silver equities markets as volatile as ever and assets of many miners valued at pennies on the dollar, Eric Muschinski, editor of the Gold Investment Letter, believes being on the right side of the emotional curve when investing is critical.
Gold prices has had a fair run over the last couple of days. The Indian festival and wedding season demand is likely to lift the gold prices higher. The two recent polls conducted by the CNBC see ‘November rally’ in the making.
Last Sunday, Sept. 15, marked the five-year anniversary of the collapse of Lehman Brothers. At that time the gold price was trading near the $900 per ounce level. I believed that to be on the high side, actually expecting gold to trade down to around $700.
Australian mining companies have been hard hit by falling commodities prices and rising costs. In this interview, Andrew Richards says that costs are falling and China's need for Australian metals will continue to grow. He also names companies that are well positioned to flourish in the near future.