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By The Mad Hedge Fund Trader |
June 22, 2012
My friend, JR, a senior exec at an oil major, calls from Houston. What the hell was going on with the price of oil? Three months ago, it was at $109, then he blinked, and it was $80. I told him that the oil companies lost control of the price...
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By Vin Maru |
June 21, 2012
We are in a world where currency wars are being fought daily, and as the system continues to collapse under its own weight of paper printing, gold will be the go to asset and possibly the last man standing. Don’t be fooled. Gold is here to stay.
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By Ben Traynor |
June 20, 2012
Spot market gold prices dropped back towards $1,600 an ounce ahead of Wednesday's US trading – 1.5% down on last week's close – while stocks and commodities were broadly flat and US Treasuries fell ahead of the Federal Reserve policy decision due later today.
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By Jon Nadler |
June 18, 2012
Spot dealings opened with lower prices in all but palladium this morning in New York. Gold lost $9 to be bid at $1,618 per ounce while silver declined 42 cents to the $28.32 mark per ounce. Platinum fell $2 to $1,478 the ounce while palladium bucked the trend and climbed...
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By Ben Traynor |
June 18, 2012
The spot market gold price hovered around $1,620 an ounce during Monday morning trading in London – slightly below last week's close – while stock and commodity markets were also broadly flat, after initial rallies
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By Ben Traynor |
June 15, 2012
Spot market prices for gold bullion traded above $1,620 an ounce during Friday morning's London session – a gain of nearly 4% for the month so far. Stock markets and major government bonds rallied on prospects for further monetary stimulus.
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By Eric Coffin |
June 7, 2012
A country that represents less than 2% of the euro block and a tiny fraction of the world economy continues to be the tail that wags the dog. We’ll all have to wait until June 17 to see whether Greeks vote with their emotions or with their heads.
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By Ben Traynor |
June 1, 2012
US dollar prices to buy gold climbed back above $1,600 an ounce on Friday, after disappointing US jobs data was then followed by news of a slowdown in American manufacturing activity.
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By Ben Traynor |
May 9, 2012
Spot market gold bullion prices fell to their lowest level in four months during Wednesday morning's London trading, hitting $1,581 an ounce – 3.7% down on the week so far – while European stock markets and commodities also fell and US Treasuries gained.