• Time to Buy Precious Metals NowTime to Buy Precious Metals Now

    February 22 2013 7:56 AM

    Since the end of December we’ve been writing about the coming bottom in precious metals. Our forecast for 2013 was to see a low in Q1 and then continued consolidation until the end of the summer in which Gold could be in good position to break $1800. That forecast remains largely intact, although it appears the mining stocks will bottom quite a bit lower than we thought two months ago and even five months ago. Three weeks ago we noted that a potential final bottom was on the way. After beating around the bush we are ready to say that now is the time to begin buying and we’ll show you why.

  • Gold and Silver Bounce After Jobless Claims RiseGold and Silver Bounce After Jobless Claims Rise

    February 21 2013 5:36 PM

    On Thursday, gold (NYSEARCA:GLD) futures for April delivery, the most active contract, increased 60 cents to settle at $1,578.60 per ounce, while silver (NYSEARCA:SLV) futures for March edged 8 cents higher to close at $28.70. It was the first positive day for gold in six trading sessions.

  • Gold and Silver Nearing MAJOR Long Term SupportGold and Silver Nearing MAJOR Long Term Support

    February 21 2013 8:30 AM

    Gold and silver along with their related miners have been under a lot of selling pressure the last few months. Prices have fallen far enough to make most traders and investors start to panic and close out their long term positions which is a bullish signal in my opinion.

  • Gold and Silver Plunge as Fed Keeps Printing $85 Billion Per MonthGold and Silver Plunge as Fed Keeps Printing $85 Billion Per Month

    February 20 2013 5:17 PM

    On Wednesday, gold (NYSEARCA:GLD) futures for April delivery, the most active contract, fell $26.20 to settle at $1,578 per ounce, while silver (NYSEARCA:SLV) futures for March plunged 80 cents to close at $28.62. The price of gold has now declined for five consecutive trading sessions to post its lowest close since July. Both precious metals witnessed heavy-selling pressure, as the U.S. dollar climbed higher. Although the Federal Reserve decided to keep its current $85 billion/per month quantitative easing programs in place, it is injecting fear on how long they will continue.

  • Sterling At Risk Of "Large-Scale Devaluation" As Currency Wars IntensifySterling 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?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 ModePrecious 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 ConsolidationPM 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 OutlookGold 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 NowPlatinum 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 ChatterGold 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 WorldPrecious 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 MeetingGold 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 LowPlatinum 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?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?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 ClaimsGold 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 InternationallySwiss 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 StreaksGold 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.