Gold, heading for the biggest slump in three decades, reached the lowest price since June as an improving economy cut demand for wealth protection. Silver prices touched the lowest in more than four months.
Natural resource investors have experienced a tough year. All the more reason to start returning broker phone calls according to David Galland, speaking on the Friday eve of the airing of a webinar he is moderating.
It is a deal with the devil: Governments churn out more and more cash for the promise of continued prosperity. But the day of reckoning is near, according to the chairman of Casey Research and an expert on crisis investing.
The US dollar, the euro, the yen, all the world’s currencies, are being de-valued by the massive money creation that has taken place and that will continue to happen. Gold’s not really rising – it’s fiat currencies that are falling.
The Western world's opposition when it comes to nuclear energy won't stand in the way of its production elsewhere. It will be full steam ahead in China, India and other developing nations, says Casey Research Chairman Doug Casey.
Rare earth elements make possible many technology improvements. The cofounder of Wall St. for Main St. and president of Kerr Trading share the names of the rare earth element companies to watch as the market grows.
The price of gold bullion rose above $1,545 per ounce Tuesday morning London time - just over 2% shy of last month's record high - as stocks and commodities also rose. At Tuesday morning's London Fix, the pound sterling price set a new record.
'Profit-taking' was only manifest until the S&P rating agency slammed the US rating outlook with the "negative" label. The AAA rating remains in place, but a shift from 'stable' to 'negative' outlook propeled gold to near a $1,500 price level.