“People Running Through The Gate” To Buy Gold Bullion
April 17 2013 9:43 AM EDT
There are reports of very strong demand for coins and bars from buyers internationally who believe that the sell off that saw gold fall to a two-year low is overdone. Very significant demand is being seen throughout the world for physical bullion – in Japan, India, Australia, the U.S., Europe and elsewhere. The speculative raid by one or two banks which led to the price crash is being seen as a gift by eager buyers internationally.
Investors Continue To Jump Ship Despite the Price of Gold Increasing
April 17 2013 9:13 AM EDT
The worst may be over as prices of gold rebounded after prices plummeted to nearly a 30-year low on Monday. The price of the U.S. dollar fell causing the price of gold to rise. The price didn’t rise significantly, but it gave investors hope that it will only go up from here. When the price of gold slipped below $1,500 per ounce on Friday, many stop losses were activated, causing many investors to lose billions of dollars. Gold prices are not in the clear, as they could fall again in the coming week, which in turn, have investors on the edge of their seats.
The Price of Gold Continues to Plummet
April 16 2013 11:11 AM EDT
The gold community has been shook by the steady decline of the precious metal in the past few weeks. Today, things got worse as gold plummeted yet again, this time to $1,3335 per ounce, the lowest it has been in 30 years.
Lear Capital: Gold Price Makes No Sense – Nothing Does
April 16 2013 8:33 AM EDT
If you are one who relies on gold to diversify your savings and retirement, you are likely salivating at the the opportunity, today, to add to those savings at these lower prices. If you own gold because you were in it for short term gains, you, obviously, don’t share the moment. The talking heads tell us gold is down because the world economy is healing – stimulus is working. Working so well, in fact, that money printing, the threat of nuclear war and a shrinking workforce no longer strike fear in anyone. I may agree with the ignoring of a potential nuclear war with Junior Kim, but I have trouble digesting the rest.
Gold Gains As 14% Plunge Overdone - Speculators Sell, Central Banks To Buy
April 16 2013 8:29 AM EDT
Gold rebounded as store of value and diversificaiton buyers deemed a 14% plunge over two days to be excessive and an Asian central banker said that policy makers may take the opportunity to buy.
Gold Bulls Need To Learn the Importance of Stopping Out
April 15 2013 4:46 PM EDT
Over the last 10 years, gold bulls have had a fantastic run as gold rose more than 475% to its August 2011 highs. Even after the recent collapse in gold prices the metal is still up more than 350% in the last decade; the simple strategy of “buy the dip” has yielded enormous profits. Gold bulls have been able to make gains for years by merely buying gold whenever the price dropped as the next rally would result in new highs before a great deal of time had passed. This however raises the question of “what happens when gold does not make new highs?” The answer is that those who have been employing this strategy lose money; gold dips and the perma-bulls buy, gold dips again so the perma-bulls buy again, gold continues on a downward trend and the once profitable strategy of “buy the dip” soon eats away at the profits that it once generated.
The Bottom Falls Out From Under The Price Of Gold
April 15 2013 4:18 PM EDT
The 12-year-old bull market in gold appears over. Analysts search for an explanation why the market virtually crashed.
Gold May Have a Lot Further to Fall According to this Analyst
April 15 2013 12:31 PM EDT
Monday morning, Dennis Gartman, talking about the recent gold price action, said to CNBC: "Here we are under [$1,400]. Who would have thought it? Not I." If one analyst is correct, Gartman is about to be even more shocked. Technical analyst Stephanie Aymes at Societe Generale believed the recent price action will send gold to $1265 within the next one to three months, according to a report published Monday.
Massive $20 Billion Paper Gold Sell Orders Trigger Stop Loss Selling And Unfounded Panic
April 15 2013 10:22 AM EDT
Gold and silver were both down for the week - 5.76% and 4.14% respectively. There is blood running in the gold market this morning after vicious selling which began on Friday afternoon and continued in Asian trading and through into European trading. Gold has fallen another 4.4% today after a huge number of stop loss orders were triggered at $1,480/oz pushing gold lower.
Is Gold as Precious as it Once Was?
April 15 2013 10:15 AM EDT
Gold has been taking a beating in the New York Mercantile Exchange over the past few months as the price of gold continues to plummet. Gold hit a record low in nearly two years on Friday when gold fell under $1,500 an ounce igniting stop losses worldwide. It’s leading many investors wondering if Gold is as precious as it once was.
Five Reasons Gold is Down 7 Percent Monday
April 15 2013 9:28 AM EDT
Gold is down again on Monday and by down, we mean plummeting. As of 6:00 am EST Monday, gold is down more than $100, trading below $1,400. That’s a seven percent drop. Silver is having a bad Monday too, but what’s interesting is that a six percent drop in the most talked about of all metals is receiving a relatively small amount of press.
Gold Glitters Even Less - How Low Can It Go?
April 15 2013 8:57 AM EDT
Last week, two major institutions, Societe Generale and Goldman Sachs, recommended clients make bets that the price of gold would fall.
Damaged Gold/Stocks Ratio, Yen Next?
April 12 2013 12:36 PM EDT
Falling gold may well be blamed on growing signals from Federal Reserve officials considering slowing down the pace of asset purchases from its current $85 bn/month. But the metal selloff is also joining a broad decline in commodities this year. Out of a group of 18 commodities (metals, energy and agriculture), only 5 are up (WTI, gasoline, natural gas, palladium and cotton).
Cyprus Denies Gold Sale - Debtors Sell Gold; Creditors Buy
April 11 2013 9:35 AM EDT
Today’s AM fix was USD 1,555.75, EUR 1,012.20 and GBP 1,189.59 per ounce. Yesterday’s AM fix was USD 1,581.50, EUR 1,207.16 and GBP 1,032.24 per ounce. Gold fell $26.20 or 1.65% yesterday to $1,558.50/oz and silver slid to $27.50 and finished -1.29%. Minutes from the U.S. Fed’s 20th of March meeting were released early yesterday due to an early exit by Congress yesterday afternoon.
Why Gov’t Control over Financial Markets has to Grow!
April 11 2013 8:27 AM EDT
Quietly, but thoroughly, governments and the banking system have taken an ever increasing role in every aspect of the economy and individual’s lives. Where in the distant past cash was the only means of exchange, cash is now controlled by the banking system and cash transactions reduced to a miniscule role in all our lives. Even in Cyprus after the ‘confiscation’ of deposits, cash is rationed and transactions within the banking system are allowed up to €200,000 before a ‘bank committee’ has to approve them. The banking system is answerable only to government. Government is grateful to the banking system because government has a means of visible monitoring and controlling its citizen’s financial affairs. Through the banking system, government is able to control our financial lives as never before. Cyprus demonstrates how that control will be increased even in crises caused by themselves.
Gold Record High in Yen - Rush to Sell Jewelery, Buy Coins and Bars
April 10 2013 9:38 AM EDT
Today’s AM fix was USD 1,581.50, EUR 1,207.16 and GBP 1,032.24 per ounce. Yesterday’s AM fix was USD 1,572.50, EUR 1,205.26 and GBP 1,026.50 per ounce. Gold climbed $12.20 or 0.78% yesterday to $1,584.70/oz and silver surged to a high of $28.06 and finished +2.68%.
Every Gold Coin Has Two Sides
April 09 2013 2:03 PM EDT
Just as every coin has two sides, every data point that doesn’t meet expectations usually has an upside somewhere. For instance, although the gold price has fallen with the strengthening U.S. dollar, the yellow metal is appreciating in Japanese yen. So when negative news about the economy came out this week, along with the U.S. Labor Department reporting that the country added only 88,000 jobs in March, investors found reasons to be encouraged.
What Drives the Gold Price?
April 09 2013 9:32 AM EDT
There is still an incredible amount of misunderstanding on Wall Street about the relationship between the price of gold and the true value of the U.S. dollar. Most pundits simply claim that a rising dollar, as measured by the Dollar Index (DXY), causes gold prices to fall…and that is the end of their analysis.
The Day the Government Seized Americans' Gold - April 5th 1933
April 09 2013 9:27 AM EDT
Alix Steele reports on the 1933 declaration by U.S. President Franklin Delano Roosevelt to have American’s turn in their gold on Bloomberg TV’s “Lunch Money”. “80 years ago on April 5th, 1933, was the day that the federal government took all our gold and changed the precious metals as we know it,” said Alix Steel.
George Soros: Gold No Longer a Safe Haven, But Central Banks Will Support Prices
April 08 2013 5:00 PM EDT
On Monday, gold (NYSEARCA:GLD) futures for June delivery, the most active contract, dipped $3.40 to close at $1,572.50 per ounce, while silver (NYSEARCA:SLV) futures for May edged 8 cents lower to finish at $27.14.