- 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.
- Lear Capital: Will Silver Rise Faster Than a Speeding Bullet?
January 24 2013 1:51 PM
It looks like investing’s best kept secret is starting to leak out. The silver price could be set to rise faster than a speeding bullet. In December the U.S. mint was hit by another silver shortage and was forced to suspend sales of the Silver American Eagle. By January 7, sales resumed and in just a matter of a few days over 6 million Silver Eagles were sold, far exceeding totals for the entire month of January 2012. Again, the mint was forced to suspend sales.
- Silver’s Win Streak Hits Seven, Gold Futures Dip
January 23 2013 3:59 PM
Precious metals were mixed on Wednesday despite a slight rise in the U.S. dollar against a composite of foreign currencies. COMEX gold futures – per the February contract – settled lower by $6.50, or 0.4%, at $1,686.70 per ounce. Silver futures fared quite better, however, as the COMEX March contract finished higher by $0.26, or 0.8%, at $32.44 per ounce. In doing so, silver posted its seventh consecutive daily advance.
- Silver Bars Being Secured By HSBC – Buy $876 Million Worth From Poland
January 23 2013 10:16 AM
Gold climbed $6.40 or 0.4% in New York yesterday and closed at $1,690.50/oz. Silver slipped to $31.79 in London, but it then climbed to a high of $32.34 in New York and finished with a gain of 1%.
- Gold and Silver Receive Boost from Currency War Shots
January 22 2013 3:12 PM
On Tuesday, gold (NYSEARCA:GLD) futures for February delivery, the most active contract, increased $6.20 to settle at $1,693.20 per ounce, while silver (NYSEARCA:SLV) futures for March rose 25 cents to close at $32.18. Both precious metals showed strength as the Bank of Japan fires more shots in the global currency war. The central bank doubled its inflation target to 2 percent and made a commitment to start open-ended monetary easing next year. The BOJ has been under pressure from new Prime Minister Shinzo Abe for stronger monetary actions. Seven of the nine board members voted for the new inflation target.
- Metals Close at 5-Week Highs, XAU Jumps 2.0%
January 22 2013 3:07 PM
Precious metals added to their recent stretch of gains on Tuesday amid widespread strength in commodities and moderate weakness in the U.S. dollar. COMEX gold futures – per the February contract – rose by $6.20, or 0.4%, to $1,693.20 per ounce – their highest closing level since mid-December. Silver futures for March delivery at the COMEX advanced by $0.39, or 1.2%, to $32.33 per ounce – also a five-week high.
- Precious Metals and Stocks poised to ramp higher in 2013
January 22 2013 2:44 PM
It’s been a long drawn out corrective affair with the precious metals since the August-September 2011 top that seems so long ago right now. During that last spike period where Gold rallied to just over $1900 per ounce, we had mentioned many times in articles and to our subscribers that GOLD was likely peaking in a wave 3 of excitement and high powered bullish sentiment. The “tells” were the articles, the CNBC mentions, the daily “CNBC GOLD” ticker at the top of their screen, and the cover of a major magazine.
- President Obama Inaugurated – Precious Metals To See Similar Returns As First Year Of Presidency?
January 22 2013 9:20 AM
Gold edged up and Tokyo gold hit a record multiyear high after the Bank of Japan announced a bold, some would say reckless, $117 billion ‘stimulus’ program as expected. The BOJ’ package included doubling its inflation target to 2% and making an open-ended commitment to asset purchases from next year.
- These Two Financial Giants Differ on Gold
January 21 2013 2:14 PM
On Monday, gold and silver futures remained mostly flat, as the New York Stock Exchange was closed for the Martin Luther King Jr. holiday. However, some major firms on Wall Street created minor buzz over the precious metals.
- Germany's Gold Repatriation Unlikely To Assuage Public Concerns
January 17 2013 9:09 AM
Gold inched up $1.00 or 0.06% in New York yesterday and closed at $1,679.90/oz. Silver rose to $31.46 in Asia before it dropped off to $31.07 in London, but it then climbed to as high as $31.551 in New York and finished with a gain of 0.25%.
- Bundesbank Repatriates Gold - Shows Importance Of Possession And Allocated Storage
January 16 2013 9:42 AM
Gold climbed $10.50 or 0.63% in New York yesterday and closed at $1,678.90/oz. Silver surged to a high of $31.382 in Asia before it fell back to $31.02 in London, but it then rose to as high as $31.503 in New York and finished ended with a gain of 1.06%. Gold was flat and close to a 2 week high it hit in the prior session, while platinum reversed early losses but was also trading sideways. Yesterday, in a speech that showed him as perhaps the most dovish of the central bank's 19 policymakers, Minneapolis Federal Reserve President Narayana Kocherlakota said the Fed "should provide more monetary accommodation" by targeting a 5.5% unemployment level.