-
By James Turk |
May 24, 2012
The Grexit, or Greece’s exit from the euro, is becoming more likely, judging by how frequently it is mentioned these days. Unfortunately, preparing for it may be more difficult than many believe.
-
By Adrian Ash |
May 24, 2012
The wholesale price of gold investment bars rose 2.0% from yesterday's low to reach $1,569 per ounce in London Thursday morning, recovering from $1,535 for the fourth time since gold hit all-time peaks above $1,900 in late-summer 2011.
-
By Mark O'Byrne |
May 24, 2012
Fears about Greece and the EU after the EU summit came up short on delivering a grand solution to solve the debt crisis are supporting gold at these levels and leading to some safe haven buying.
-
By Ilya Spivak |
May 24, 2012
Risk appetite appears to be shrugging off soft Chinese and euro-zone trends, with European shares on the upswing and growth-geared crude oil and copper prices following. Meanwhile, waning haven demand is pressuring the US dollar, allowing upside for anti-fiat gold and silver.
-
By J.W. Jones, Chris Vermeulen |
May 24, 2012
I do not expect for gold to form a V shaped reversal. In fact, lower prices in the short term would help drive the bullish case for the longer term. Bottoms take weeks to form and can be very dangerous trading environments where active traders get chopped around.
-
By Roman Baudzus |
May 24, 2012
Rumors circulate that the court of auditors will recommend that gold return to Germany. It’s doubtful that Berlin is prepared to act on this advice, but it raises thoughts of Angela Merkel following in Charles de Gaulle’s footsteps and demanding delivery of gold from America.
-
By Peter Cooper |
May 24, 2012
The pessimism in the precious metals market just has to be at something of a high point. And yet there is an obvious point of release on the horizon. Greece runs out of cash in six weeks’ time and that will finally force the euro zone to do the necessary...
-
By Eric McWhinnie |
May 24, 2012
First-quarter global gold demand totaled 1,097.6 tonnes ($59.7 billion), which represents a 5% decrease from 1,150.7 tonnes ($51.3 billion) in the same period last year. Although the demand in tonnes decreased, the average price for an ounce of gold was 22% higher.
-
By Adrian Ash |
May 23, 2012
In a credit deflation – which this is – and after being buoyed by the global liquidity surge of the last decade, gold and silver should be expected to hit turbulence at the least. That's even before a resurgence of the all-Apple, Facebook-toting, shale-gas-laden US dollar.
-
By Jon Nadler |
May 23, 2012
Another day of substantial selling in the precious metals complex brought gold prices right back to the $1,550 value zone, raising legitimate questions about whether the numerous calls of a bottom occurring last week were perhaps premature.
