- Societe Generale: Look Before You Leap At Gold
June 17 2013 1:27 PM
The gold price rally in the late 1970s turned out to be a bubble. Societe Generale thinks this time is not much different.
- Gold Prices Could Swing Upward Wildly: Analysts
June 14 2013 2:35 PM
Two top gold analysts predict that the price of gold could skyrocket by the end of 2013.
- Lear Capital: Gold and Stocks Get Legally Separated
June 14 2013 8:58 AM
For weeks we watched stocks rise while gold and silver prices pulled back. Observing this, it would be easy for any investor to get caught up in the markets while ignoring gold and silver as viable diversification tools.In mid May, while stocks reached record highs, gold prices pulled back to their lowest levels since January 2011. Since then, the Dow has given up more than 500 points while gold prices have edged higher and stubbornly refused to drop below their two-year lows.
- Kinross Gold Abandons Huge Ecuadorian Venture
June 11 2013 7:37 AM
Ecuador's leftist government demanded a 70 percent windfall profits tax for access to the world's largest untapped gold resource.
- Gold, Silver & Precious Metal Miners Signals
June 07 2013 8:53 AM
It has been a very long couple of years for the precious metal bugs. The price of gold, silver and their related mining stocks have bucked the broad market up trend and instead have been sinking to the bottom in terms of performance.
- Indian Hikes Gold Tax, Again
June 06 2013 9:48 AM
In response to unsustainable demand, the Indian government hiked gold import duties for the second time this year.
- Gold’s Pivotal Role – The Yuan Sees Freer Convertibility this Year! (part 2)
June 06 2013 8:31 AM
In a continuation of the article on the rising convertibility of the Chinese Yuan towards the end of this year we look further into the path both the Chinese Yuan will follow and the changes that will follow in the global monetary system.
- Should Centerra Gold Care About The Kyrgyz Mine Shutdown?
May 31 2013 5:10 PM
Centerra Gold of Canada says its gold yields won't be damaged by this temporary shutdown.
- OK Day for Gold as it Slightly Rises
May 29 2013 12:45 PM
Usually when the price of gold declines, the U.S. dollar becomes stronger. This was the case today. As the U.S. dollar dipped, the price of gold slightly increased giving hope to downtrodden investors. Currently, gold is $1,388.06 an ounce.
- The Love Trade for Gold is Still On!
May 28 2013 3:06 PM
Investors should have gained confidence from Ben Bernanke’s recent testimony to Congress that the Federal Reserve intends on being accommodative as long as needed. He had a laundry list of job market conditions that needed improving and reiterated that inflation remains low. It’s his belief that “a premature tightening of monetary policy could lead interest rates to rise temporarily but would also carry a substantial risk of slowing or ending the economic recovery and causing inflation to fall further.”
- Gold May Glitter Again: UBS
May 28 2013 2:03 PM
Prospects for a gold price hike may be a mirage, or they may be more solid.
- To Buy, Keep, or Sell
May 24 2013 9:00 AM
Deciding when, how, and where to invest isn’t easy. If it were, more people would do it and everyone would be rich. Investing is tricky and there’s an amount of risk that goes into investing whether it’s stocks, gold, or a budding company.
- Gold Up This Morning, But For How Long?
May 23 2013 12:19 PM
Gold is up yet again today. The precious metal is being traded at $1,390.85 this morning. As before, investors are still cautious as they don’t know how long this will last. Since the price of gold plummeted April 15th igniting spot losses across the country and then slowly gaining steam only to fall again. As a result, investors have been wary about the precious metal, some even second guessing investments.
- Gold’s Pivotal Role – The Yuan Sees Freer Convertibility this Year! (Part 1)
May 22 2013 8:29 AM
China has signaled it is going to propose plans this year to allow freer flows of the Yuan both in and out of the nation as part of measures to loosen control over the Yuan and interest rates. It was expected that full and free convertibility after 2022, but it’s clear that the program is moving at an accelerated pace. How far this next phase of convertibility will go has to be seen at the end of this year.
- A Dead Cat Bounce for Gold Prices
May 21 2013 7:44 AM
On Monday, May 13, 2013 we wrote that Gold Prices would Re-Test $1350/oz level and so they did, trading sub $1340/0z at one stage. Gold had fallen for 7 straight days from $1470/oz before the slide was arrested earlier today with a bounce that pushed gold up to $1391/oz. This move correlates inversely with the 7 day winning streak put in by the US$, which also came to an abrupt halt today when it fell 0.50% to close at 83.93 on the US$ Index. As far as we can ascertain there was a few frantic minutes of buying that moved gold higher by around $30.00. Such quick movement suggests that someone who was short wanted to close and close quickly, as gold was climbing slowly but surely at the time. The snap shot below depicts the day’s action:
- Four Things Einhorn, Soros Are Forgetting About Gold Miners ETF
May 17 2013 7:52 AM
Highlighting fourth-quarter 13F filings with the Securities and Exchange Commission, it was noted hedge fund legends David Einhorn and George Soros held sizable stakes in the largest gold miners ETF, the Market Vectors Gold Miners ETF (NYSE: GDX [FREE Stock Trend Analysis]). To be fair to Soros, during the fourth quarter, he pared his stakes in GDX and the Market Vectors Junior Gold Miners ETF (NYSE: GDXJ) by 800,000 and 400,000 shares, but he still owned 1.5 million shares of GDX and about two million shares of GDXJ at the end of the quarter.
- Gold Demand Remains Strong As Buying Records Continue To Tumble
May 16 2013 8:06 AM
There are no surprises in the latest World Gold Council Gold Demand Trends report other than the fact that statistics show global demand for gold in Q1 2013 was on the increase before the COMEX raid on April 15th. This is a clear indication that the fundamentals supporting a strong price for gold in the long term remain and also helps to explain why there was such a shortage of gold bars and coins in the weeks after April 15th.
- Chinese Rush To Ghana For Gold, Monopolize Small-Scale Mines
May 15 2013 1:13 PM
The people of Shanglin county in southern China have ventured to an unlikely place to seek their fortunes.
- Gold Prices Continue to Fall
May 15 2013 12:24 PM
Gold is still in trouble as it continues to fall. This morning gold prices are down $12.61 to $1,413.60 an ounce sparking investors to worry that the downward trend will continue.
- South Africa Imports $1 Billion of Unwrought Gold to Meet Global Demand
May 15 2013 8:47 AM
On Tuesday 14th May, workers at Lonmin PLC, the world’s No. 3 platinum producer in South Africa began a wildcat strike. This caused immediate disruption of all mine production and led to concerns that South Africa was yet again to endure violence and disruption in its mining industry.