- Sterling At Risk Of "Large-Scale Devaluation" As Currency Wars Intensify
February 19 2013 10:24 AM
Gold inched up Tuesday morning, however the dollar’s rise to a one month high limited bullion’s gains. European markets are cautious ahead of Italy’s elections on Feb. 24-25th, including candidate and former Prime Minister, Silvio Berlusconi. Mario Draghi urged finance chiefs from the G20 to be “prudent” when talking about currency movements.
- Gold's Glitter Fades - How Low Will It Go?
February 19 2013 6:40 AM
The recent price drop in gold -- 10 percent since October to about $1,610 per ounce -- could continue.
- Precious Metals - Silver Prices Remain In A Consolidation Mode
February 18 2013 8:51 AM
So far this year silver prices appear to be range trading at around the $30.00/oz level. Gold prices have been under considerable selling pressure which in turn has tended to cap any rally that silver could muster. The anecdotal evidence suggests that the demand for physical silver remains strong, however over on the COMEX the paper shorts appear to have the whip hand.
- PM Recap: Central Banks Still Buying Gold Amid Consolidation
February 14 2013 5:48 PM
On Thursday, gold (NYSEARCA:GLD) futures for April delivery, the most active contract, fell $9.60 to settle at $1,635.50 per ounce, while silver (NYSEARCA:SLV) futures for March dropped 52 cents to close at $30.35.
- Gold and Silver Ignore Inflation Outlook
February 14 2013 9:31 AM
On Wednesday, gold (NYSEARCA:GLD) futures for April delivery, the most active contract, fell $4.50 to settle at $1,645.10 per ounce, while silver (NYSEARCA:SLV) futures for March dropped 15 cents to close at $30.87.
- Platinum and Palladium Rise On Supply Concerns – Zimbabwe Now
February 13 2013 9:33 AM
Gold and silver are marginally lower today while platinum and palladium have eked out further gains after the 1% gains seen yesterday. The Wall Street Journal reports that there was gold buying in Asia overnight with “bargain hunting helping to lift prices”.
- Gold and Silver Hold Steady Amid Currency War Chatter
February 12 2013 4:24 PM
On Tuesday, gold (NYSEARCA:GLD) futures for April delivery, the most active contract, edged 50 cents higher to settle at $1,649.60 per ounce, while silver (NYSEARCA:SLV) futures for March increased 11 cents to close at $31.02. Both precious metals held relatively steady as currency wars continues to gain attention. The G7, a group of seven nations, warned that fiscal and monetary policies should not be directed at devaluing currencies, although actions suggest otherwise.
- Precious Metals Recap: Russia Becomes Largest Gold Buyer in the World
February 12 2013 9:40 AM
On Monday, gold (NYSEARCA:GLD) futures for April delivery, the most active contract, dropped $17.80 to settle at $1,649.10 per ounce, while silver (NYSEARCA:SLV) futures for March fell 53 cents to close at $30.91.
- Gold and Silver Fall After ECB Meeting
February 07 2013 3:05 PM
On Thursday, gold (NYSEARCA:GLD) futures for April delivery, the most active contract, decreased $7.50 to settle at $1,671.30 per ounce, while silver (NYSEARCA:SLV) futures for March fell 47 cents to close at $31.40. Both precious metals declined as the U.S. dollar index moved higher against the euro. The European Central Bank decided to leave its key interest rate at a record low of 0.75 percent, but said it will monitor the effects of a strengthening euro, leaving the door open for a future interest rate cut.
- Platinum Surges 12% YTD – Mine Closures Sees Supply Fall to 13 Year Low
February 06 2013 9:47 AM
The world's biggest consumer of gold is battling a record high current account deficit. Rather than tackling the root cause of the problem, bankers are again tackling the symptom which is demand for gold. However, the anti gold stance and attempts to curb gold demand in India by the government is leading to some 25%of gold flows into India coming from irregular channels. A warning for anti gold and anti free market governments everywhere.
- First Majestic Silver Corp: A Silver Gem
February 06 2013 4:43 AM
We first met with Keith Neumeyer, President and CEO at a Silver Summit in London a good few years ago and from that meeting we decided to watch the development of First Majestic Silver Corporation (FR:TSX || AG:NYSE) with the view to making an investment. As our interest grew we were fortunate enough to get an exclusive interview with Keith along with Todd Anthony, MBA, Investments Relationships Manager and Jill Arias, VP of Marketing. Following this interview we took the plunge and made our first purchase for a cost of $13.13, which was back in February 2011.
- Does China Still Love Gold?
February 05 2013 1:39 PM
The recent price action in gold and silver has been frustrating for some people. Both precious metals logged gains last year, but continue to remain in consolidation mode. On the positive though, bullion demand is still providing support to prices.
- What’s behind moving Swiss Bank clients from unallocated to ‘allocated’ gold accounts?
February 04 2013 8:31 AM
Swiss banks UBS and Credit Suisse, have moved to offer ‘allocated’ gold and silver accounts to their clients, including high net worth individuals, hedge funds, other banks and institutions. The move allows these entities to take direct ownership of their bullion in ‘allocated’ accounts. In addition, their storage fees have been raised by 20%.
- Gold and Silver Stumble, Despite Jobless Claims
January 31 2013 6:57 PM
On Thursday, gold (NYSEARCA:GLD) futures for April delivery, the most active contract, decreased $19.60 to settle at $1,662 per ounce, while silver (NYSEARCA:SLV) futures for March dropped 83 cents to close at $31.35.
- Swiss Banks Offer Allocated Accounts As Move To Allocated Internationally
January 30 2013 9:59 AM
Swiss banks, UBS and Credit Suisse, have moved to offer allocated gold and silver accounts to their clients – including high net worth individuals, hedge funds, other banks and institutions.
- Gold and Silver Break Losing Streaks
January 29 2013 4:15 PM
On Tuesday, gold (NYSEARCA:GLD) futures for February delivery, the most active contract, increased $7.90 to settle at $1,660.80 per ounce, while silver (NYSEARCA:SLV) futures for March gained 40 cents to close at $31.18. Both precious metals snapped their losing streak as the U.S. dollar and consumer confidence declined. With the Federal Reserve set to keep its current monetary policy in place at the conclusion of its two-day Federal Open Market Committee meeting tomorrow, the dollar index reached as low as 79.54.
- Rare 1913 Liberty Head Nickel Heads To Auction
January 29 2013 4:13 PM
A Liberty Head nickel that was illegally minted will likely go for millions at an auction.
- Precious Metals & Miners Making Waves and New Trends
January 27 2013 8:38 PM
The precious metals sector has been dormant since both gold and silver topped in 2011. But the long term bull market remains intact. As long as we do not have the price of gold close below the lower yellow box on the monthly chart then technical speaking precious metals should continue much higher. Large consolidation periods (yellow boxes) provide investors with great insight for investments looking forward 6-18 months upon a breakout in either direction (up or down). The issue with investing during these times is the passage of time. One can hold a position for months and sometimes years having their investments fluctuate adding extra stress to their life when they really do not need to.
- Gold and Silver Finish Week on Low Note
January 25 2013 3:24 PM
On Friday, gold (NYSEARCA:GLD) futures for February delivery, the most active contract, decreased $13.30 to settle at $1,656.60 per ounce, while silver (NYSEARCA:SLV) futures for March dropped 52 cents to close at $31.21. It was gold’s third consecutive decline.
- Gold and Silver Stumble as Jobless Claims Reach 5-Year Low
January 24 2013 3:37 PM
On Thursday, gold (NYSEARCA:GLD) futures for February delivery, the most active contract, decreased $16.80 to settle at $1,669.90 per ounce, while silver (NYSEARCA:SLV) futures for March dropped 72 cents to close at $31.72.