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By Peter Grandich |
May 16, 2012
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.
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By Mark O'Byrne |
May 4, 2012
Gold is down 1.6% on the week. The gold market has seen peculiar, lackluster, low volume trading this week punctuated with sudden, oddly timed, very large sell orders. This leads to quick price falls followed either by slow, gradual recovery or a sharp bounce.
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By Jon Nadler |
May 2, 2012
Gold spot prices opened with losses on the order of about $10 and near the support level that the $1,650 area is thought to be able to now offer. Silver dropped nearly 50 cents and started the midweek session out under the $30.50 mark per ounce.
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By Mark O'Byrne |
May 2, 2012
Gold gradually fell during trading in Asia and this weakness has continued in European trading where gold looks set to test the $1,650/oz. level or $1,646/oz., the price low after the $1.24 billion sell trade on Monday.
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By Jon Nadler |
April 30, 2012
Gold prices started the final trading day of April with minor losses in New York and were seen headed for a net loss for the month (based on the PM Fix) on the order of 1.75%.
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By Roman Baudzus |
April 4, 2012
Turkey has the potential to become one of the world's largest gold producing countries. At the end of 2010 there were just four gold mines operating in the country, but the government has been working on plans to drastically boost production.
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By Adam Hamilton |
March 16, 2012
The world’s stock markets are increasingly interrelated. The psychology of traders, which drives most short-term price action, is continuously shaped by the nonstop torrents of global news flow. So even Americans can no longer afford to ignore what is going on in overseas markets.
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By Mark O'Byrne |
January 31, 2012
While focus has been on silver’s fall from $50/oz last year – there is very little focus on silver’s long term performance and how silver has massively outperformed most asset classes in recent years.
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By Adam Hamilton |
January 13, 2012
While gold's own situation is fantastically bullish, the state of the dollar pours gasoline on gold's fire. The USDX is now as overbought as gold is oversold, just hitting its most-overbought levels since June 2010.
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By Chris Vermeulen, J.W. Jones |
January 7, 2012
If central banks around the world continue to print money there are only a few places to hide. Precious metals and other commodities like oil will vastly outperform stocks in the long run if the dollar continues to slide.
