Gold

April 04 2013 5:05 PM

Four investors with jobs outside the investment field are looking at what they should invest in so they can achieve a comfortable retirement. What should they consider when looking ahead? These four investors have different ages, one with 10 years to retirement, one 20, one 30 and one forty years to go before they can sit on a beach, grey haired, a little portly, next to a surf board, feeling they can now age graciously, comfortable and without fear for their financial future. That’s what so many believe the future holds for them. But is that realistic, can investments produce that for him?

April 03 2013 9:35 AM

As gold prices drift lower, savvy gold investors ponder the true state of the economy, rising debt and the growing threat of a North Korean conflict. At present, gold seems to be ignoring the huffing and puffing of North Korea. Surely, though, if one shot is fired the world becomes a different place. If no shots are fired, the cost of the military build-up will weigh heavy on our budget.

April 02 2013 9:24 AM

London AM fix was USD 1,597.75, EUR 1,244.64 and GBP 1,051.64 per ounce. Friday, March 28th London AM fix was USD 1,602.50, EUR 1,253.13 and GBP 1,057.41 per ounce. Silver is trading at $28.04/oz, €21.94/oz and £18.54/oz. Platinum is trading at $1,593.25/oz, palladium at $771.00/oz and rhodium at $1,200/oz. Gold fell $0.90 or 0.06% and closed yesterday at $1,598.50/oz. Silver closed at $28.01, down 1.44%.

March 28 2013 11:17 AM

Today’s AM fix was USD 1,602.50, EUR 1,253.13 and GBP 1,057.41 per ounce. Yesterday’s AM fix was USD 1,591.00, EUR 1,243.75 and GBP 1,052.39 per ounce. Silver is trading at $28.60/oz, €22.44/oz and £18.97/oz. Platinum is trading at $1,583.00/oz, palladium at $768.00/oz and rhodium at $1,200/oz. Spot gold and silver closed at $1,606.40/oz and $28.79/oz.

March 27 2013 8:50 AM

Spot Gold could start to come under pressure again now. We held just below resistance at 1603 and as expected we did fall back to 1595 but this held the downside. If we break below this support today, as seems likely we look for 1590/1588 with a chance of a bounce from here. However any longs attempted will need a stop loss below 1587 for a test of the next support at 1582/83. A push back above 1604 looks unlikely but if seen could allow gains as far as 1609 where we could attempt shorts with a stop above 1612.

March 26 2013 10:09 AM

AuRico Gold Inc (NYSE:AUQ) delivered a profit and met Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 2.26%.

March 26 2013 7:47 AM

Spot Gold could start to come under pressure again now. We have resistance at 1603 and failure to push above here risks a slide back to 1595. If we break below this support we look for 1590/1588 with a good chance of a bounce from here today. However any longs will need a stop loss below 1587 for a test of the next support at 1582/83.

March 25 2013 9:05 AM

Silver is trading at $28.78/oz, €22.24/oz and £18.99/oz. Platinum is trading at $1,586.50/oz, palladium at $758.00/oz and rhodium at $1,250/oz. Gold fell $6.80 or 0.42% and closed Friday at $1,607.60/oz. Silver hit a low of $28.52 and finished -1.54%. Gold was +1.01% and silver -0.14% for the week.

March 22 2013 8:52 AM

Something just doesn’t add up. A few days ago it was announced that consumer spending was up 1.1%. Out came the Kazoos and party hats – it was a sure sign the economy was recovering. At the same time reports tell us GDP growth is 2.4%, another sure sign of recovery. Now, ne’er a day goes by that we don’t hear or read something about the $85 billion a month the Fed is pumping into the economy.