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By Eric McWhinnie |
April 30, 2012
Precious metals received support and climbed higher as more disappointing economic data hit the market, fueling speculation for additional Federal Reserve easing. Furthermore, central banks around the world continue to purchase safe-haven metals.
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By Jon Nadler |
April 16, 2012
CFTC reports continue to show that net long positions in gold are being liquidated. Nineteen tonnes were shed in the latest reporting period on Comex. Long-silver specs unloaded 210+ tonnes from their logbooks and added 110+ tonnes to short positions.
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By Jon Nadler |
April 4, 2012
This morning, the meltdown continued in gold, but this time, unlike during yesterday’s after-hours electronic trading, silver and the noble metals joined gold and fell hard as well. Once again, the only green color to be seen was the net change in…the greenback.
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By Eric McWhinnie |
January 27, 2012
Gold and silver have not only held the gains, but have edged higher as more US dollar devaluation policies were taken. The U.S. now has a $16.4 trillion debt capacity, a $1.2 trillion increase from the previous $15.2 trillion limit.
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By Jon Nadler |
September 29, 2011
The overnight dip to the $1,580s did however attract a sufficient amount of bargain-hunting buyers to bring the yellow metal back to above the $1,600 mark by Thursday morning's opening bell in New York.
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By Jon Nadler |
June 24, 2011
Gold's steepest fall in nearly two months took place on Thursday as the commodities' sector also took a hit in values. Friday morning's trading action saw more follow-through selling in the precious metals' complex.
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By Jon Nadler |
April 28, 2011
Well, the Fed "giveth" less than some had hoped for, but it also "giveth" a roughly two-month reprieve to the dollar-carry/commodity-betting crowd. The parade on "Easy Street" thus continues amid noisy revelry.
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By Jon Nadler |
April 4, 2011
Spot gold trading opened with a $9.90 per ounce gain in New York on Monday, as the hefty additions to crude oil values helped the entire commodities complex reach for higher ground.
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By Jon Nadler |
March 28, 2011
New York's Monday trading session saw gold prices opening on a defensive footing due to a shift in investor sentiment across the globe. Spot trading in the gold started off with a loss of $19 per troy ounce and Silver spot prices fell by 80 cents.
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By Jon Nadler |
March 25, 2011
The final trading session of this second week of intense world events opened on a mixed note in various assets. Investors continue to digest fast-moving news stories and attempt to keep one step ahead of volatility and counterintuitive market moves.
