Market Commentary

  • Changing Perceptions

    May 16 2012 9:12 AM EDT

    Only about five percent of Americans own gold. At least that?s the number according to recent estimates by the US Gold Bureau.

  • Bundesbank Confirms German Gold Held By FED, BOE and Banque De France

    May 15 2012 6:21 AM EDT

    Germany's Bundesbank confirmed yesterday that the German gold reserves are held overseas by the Federal Reserve, the Bank of England and the Banque de France. There has been a lack of clarity and transparency regarding the German gold reserves, as there are with many other nations gold reserves, and this had led politicians and journalists seeking transparency. The Bundesbank has previously resisted calls for a more transparent accounting of the German gold reserves.

  • The Cliff

    May 10 2012 4:33 PM EDT

    Gold has taken a bit of a beating over the last six months. Since late 2011, concerns about the future of the euro have combined with a relatively stable US economy to send the dollar sailing sky high.


    May 08 2012 7:53 AM EDT

    There is a growing number of people in America hoping for the best... but preparing for the worst. These people - often called preppers - believe in self-sustainability, in terms of health, wealth, and liberty. As a former Boy Scout, I can certainly appreciate the desire to be prepared for any eventuality.

  • The Scream: For Coin Values it?s Just a Matter of Time

    May 04 2012 1:22 PM EDT

    With this shaping up to be a lackluster trading week, perhaps the biggest financial news didn?t come from the floor of the NYSE, but rather from the auction block at Sotheby?s. Edward Munch?s famed painting ?The Scream? fetched a staggering $120 million, setting a new record sale price for a single piece of art.

  • America's Safest Long Term Investment Is Gold - Gallup

    May 02 2012 8:28 AM EDT

    Americans feel gold is the safest long term investment today, a Gallup survey has found. Gold was favoured over four other types of investments perceived as the best long term choice for American investors today. 28% of the American public choose gold as their favoured investment of choice today.

  • Some USA States Seek a Gold Standard

    April 25 2012 3:32 PM EDT

    Members of the Show Me State are preparing for hyper-inflation in the USA, and when it arrives the Missouri House wants Missourians to be ready. Last week, Missouri House passed the Missouri Sound Money Act of 2012, which declares US Gold and Silver coins to be legal tender in the State. Backers of the Sound Money Act see a system where in you put your Gold and Silver coins depository and get a debit card keyed to the Spot value of the precious Yellow and White metals.

  • As More Cracks in the Eurozone Emerge, Investors Buy More Sovereign Debt Instead of Gold

    April 24 2012 1:46 PM EDT

    It seems that investors have shrugged off the latest developments around the world, in particular the Eurozone and are looking for direction from the US Federal Reserve.

  • Gold and Silver Enter Period of Low Volatility and Disinterest

    April 24 2012 11:23 AM EDT

    Gold and Silver have been correcting multi-year advances. In this article we illustrate what ultimately develops as these corrections progress into consolidations.

  • A Return to the Gold Standard, or Gold Behind Currencies – Part 5/5

    April 24 2012 11:13 AM EDT

    This is the fifth and final part of a five part series on how gold will return to the monetary system globally but not in the form of the defunct Gold Standard.

  • Gold and Silver Report - Some Miner and Not-So-Minor Issues

    April 23 2012 11:58 AM EDT

    Precious metals markets started the new week with a bit of a mixed picture last night in overseas trading. Spot dealings showed gold falling $2.40 to $1,640.00 and silver down a dime to $31.60 per ounce. Platinum and palladium each advanced $1. The US dollar climbed 0.14 to 79.28 on the trade-weighted index. Monday morning's New York trading action opened amid intensifying waves of selling in the complex. The principal moving agent for the decline in metals was the dollar-oil trend.

  • Gold and Silver Report - Ag, Phone Home!

    April 20 2012 9:32 AM EDT

    Turbulent trading conditions were once again manifest in Thursday's markets as an amalgam of price-moving news from Europe, Asia, and the US buffeted commodities, equities, and currency values. Gold prices fell sharply after the open, then touched primary support near $1,630 only to rebound swiftly mid-morning, and then softened once again, to under $1,640 per ounce. In all, gold had a relatively difficult week and appeared set to close it out with a one percent loss despite several attempts ...

  • A Return to the Gold Standard, or Gold Behind Currencies – Part 4/5

    April 19 2012 11:09 AM EDT

    This is the fourth part of a five part series on how gold will return to the monetary system globally but not in the form of the defunct Gold Standard.

  • Risk Asset or Safe Haven? Gold’s Current Paradox

    April 18 2012 12:05 PM EDT

    Gold prices settled today within a few dollars of yesterday’s close, signaling a third consecutive day of essentially flat trading. The metal has been comfortably bouncing around a broad trading range between about $1615 and $1685 per ounce for weeks now and its likely going to take a major catalyst to drive the market in either direction.

  • Gold and Silver Report - Dot-Com...modity Bubble?

    April 18 2012 11:02 AM EDT

    Gold experienced quite a turbulent session on Tuesday as the sellers wrestled with the bargain-hunters against a background of rising economic optimism punctuated by renewed eurozone jitters. Bullion prices initially swooned to the sub-$1,635 area (an important support zone at this time) only to claw their way back to nearly unchanged (down $2.90) status at around the $1,650 pivot-point by day's end. Silver, platinum, and palladium all eked out small gains for the session, albeit palladium...

  • Are Gold Stock Fundamentals Still Bullish?

    April 17 2012 9:44 AM EDT

    In the face of a correction or poor price action, we’ll often hear analysts proclaim the bullish fundamentals of precious metals.

  • A Return to the Gold Standard, or Gold Behind Currencies – Part 3/5

    April 17 2012 9:05 AM EDT

    This is the third part of a five part series on how gold will return to the monetary system globally but not in the form of the defunct Gold Standard.

  • Where's the Beef for Gold Equities?

    April 17 2012 3:23 AM EDT

    Gold bulls have plenty of room to graze in the stockyard these days as the investing herd migrated to other assets during the market's steep climb in 2012. For the fourth time in the past year, gold bears outnumbered the bulls in Bloomberg's weekly Gold Bull/Bear Sentiment Survey. In fact, the bears had the bulls outnumbered by almost 2-to-1.

  • Gold and Silver Report - Poll Positions

    April 16 2012 9:50 AM EDT

    China's central bank decided to allow the country's currency to trade in a wider band against the US dollar starting today. The PBOC's move was greeted with positive comments by IMF head Christine Lagarde, as well as by US Treasury officials; however they also noted that China must still make further efforts to allow the yuan to appreciate and thus further reduce global trade imbalances.

  • Gold and Silver Report - Great Fedspectations - Part Deux

    April 13 2012 10:30 AM EDT

    Precious metals prices headed lower this morning as the final trading session of the week got underway in New York. Yesterday's Fedspectations turned down a notch as market participants had somewhat bigger news 'fish' to fry this morning; specifically, the story out of China that there has been a sharper-than-expected slow-down in that country's economy. While many commodity bulls and pundits had expected a surprise to the upside (9%+) in Chinese Q1 GDP, the reality-as relaye...