- Precious Metals Surge, “The Financial System is Drowning in Debt”
January 10 2013 7:44 PM
Precious metals maintained the large majority of their gains in afternoon trading on Thursday, fueled by bargain-hunting in the sector and considerable weakness in the U.S. dollar. COMEX gold futures climbed $22.50, or 1.4%, to settled at $1,678.00 per ounce. The advance marked the yellow metal’s best day since November 23rd.
- Gold and Silver Stuck in Consolidation Mode
January 09 2013 7:33 PM
On Wednesday, gold (NYSEARCA:GLD) futures for February delivery, the most active contract, decreased $6.70 to settle at $1,655.50 per ounce, while silver (NYSEARCA:SLV) futures for March edged 22 cents lower to close at $30.25.
- Precious Metals Hold Gains, XAU Pares Losses
January 08 2013 7:59 PM
Gold futures snapped their three-session losing streak on Tuesday amid strong gains in several precious metals. COMEX gold for February delivery settled higher by $15.90, or 1.0%, at $1,662.20 per ounce, just a fraction below its intra-day high. Silver futures for March delivery at the COMEX ended up by $0.38, or 1.3%, at $30.47 per ounce.
- Gold and Silver Climb Higher on More Central Bank Intervention Plans
January 08 2013 3:30 PM
On Tuesday, gold (NYSEARCA:GLD) futures for February delivery, the most active contract, increased $15.90 to settle at $1,662.20 per ounce, while silver (NYSEARCA:SLV) futures for March gained 38 cents to close at $30.47.
- Silver Industrial Demand To Hit Record High In 2014
January 04 2013 4:53 PM
Most of the demand for silver fabrication next year will come from industrial customers.
- Metals Retreat, Gold Endures Worst Stretch Since 2004
January 04 2013 3:48 PM
Precious metals remained in negative territory on Friday afternoon, but well above the intra-day lows reached prior to the latest U.S. employment report. COMEX gold futures – per the February contract – finished down by $25.70, or 1.5%, at $1,648.90 per ounce after earlier dropping to $1,626.00.
- Gold and Silver Stumble After FOMC Minutes
January 03 2013 8:09 PM
On Thursday, gold (NYSEARCA:GLD) futures for February delivery, the most active contract, fell $14.20 to settle at $1,674.60 per ounce, while silver (NYSEARCA:SLV) futures for March dropped 29 cents higher to close at $30.72.
- Precious Metals Tumble, Fed Minutes Mull QE4 Longevity
January 03 2013 7:48 PM
Gold and silver futures remained firmly in negative territory Thursday after the latest Federal Reserve minutes revealed that several of its members would like the central bank to halt its fourth round of quantitative easing (QE4) sometime in the next year.
- Dow Gold and Gold Silver Ratio Charts Remain Bullish
January 03 2013 10:10 AM
Gold edged up today and hit its highest range in two weeks in the prior trading session on the heels of the deal forged that avoided the U.S. fiscal cliff disaster. The far more substantial risk from the pending budget negotiations remains as does the appalling US national debt and unfunded liability situation – both of which offer long term support to gold and silver.
- Gold, Silver Shares Rise, Wall St. Tumbles
December 27 2012 2:41 PM
Shares of most gold and silver mining companies turned sharply higher on Thursday despite a broad-based sell-off on Wall Street. The Philadelphia Gold & Silver Index (XAU) jumped by as much as 1.4% to 163.61 this morning, buoyed in part by modest gains in precious metals. COMEX gold and silver futures rose by 0.2% to $1,663.30 and 1.1% to $30.35 per ounce, respectively.
- Silver Holding Above Key $30 Level
December 26 2012 5:30 PM
A December sell-off in silver has left the precious metal at a key technical crossroads as the new year approaches. Prices are hovering just over $30.00 and this could be a great buying opportunity, but silver has traded through this level a number of times in the past couple of years, so there remains considerable uncertainty in the commodity.
- Precious Metals Decouple from Stock Market
December 21 2012 3:27 AM
At the end of July we wrote an article examining the relationship between gold stocks and general equities. We sought to understand the huge variance in performance between the two markets. Sometimes they trended higher together. Sometimes the gold stocks surged while conventional equities fell into a bear market. Both markets have endured bad bears at the same time. Is there any rhyme or reason to why such variation?
- Silver To Gain 29% in 2013 - Analysts, Traders and Investors
December 20 2012 10:09 AM
Global investment through silver backed exchange traded products reached a record 18,854 metric tons in November, or more than nine months of mine output, data compiled by Bloomberg show. Holdings are now valued at about $19.2 billion.
- Special Offer: Silver Bars (1,000oz) at 1.2% and Coins (1oz) at 12% Until 21/12/12
December 17 2012 9:33 AM
Gold fell in Asia overnight and weakness continued in Europe leading to a third day of losses. Continuing strong investment and store of wealth demand is being trumped by the short term antics of speculative players and momentum traders - for now.
- Precious Metals, XAU Remain Lower, U.S. Dollar Rises
December 14 2012 3:52 AM
Gold and silver futures remained firmly in negative territory on Thursday afternoon amid strength in the U.S. dollar and a broad-based sell-off in the commodities complex. COMEX gold for February delivery – the most actively-traded contract – finished lower by $21.10, or 1.2%, at $1,696.80 per ounce. The yellow metal reached an intra-day low of $1,690.70 this morning before recouping a small portion of its decline.
- Precious Metals Post Modest Gains, XAU Rises 1.3%
December 10 2012 5:53 PM
Gold and silver futures maintained the majority of their earlier gains on Monday afternoon amid widespread strength in the precious metals complex. COMEX gold for February delivery – the most actively-traded contract – finished up by $8.90, or 0.5%, at $1,714.40 per ounce. Silver futures fared slightly better, as the March COMEX contract ended higher by $0.25, or 0.7%, to $33.38 per ounce.
- Silver – Channel Breakdown and Double Top
December 05 2012 10:00 AM
Channel Breakdown: Silver was seen last rallying in a rising channel. After barely making a new high, silver fell back and this time broke down below the rising channel seen in the 4H chart. This breakdown also pushed the RSI below the 40 level in the 4H chart. This reflects a loss of the bullish momentum made in the November rally. In fact if the RSI pushes below 30, there is bearish momentum being born.
- Precious Metals Advance, but XAU Drops 2.0%
December 03 2012 6:50 PM
Gold and silver futures maintained their gains Monday afternoon while the U.S. dollar remained in negative territory against a composite of the world’s most traded currencies.
- Silver Among Best Performers in November
December 03 2012 1:11 PM
Both precious metals declined, as the U.S. dollar reached its highest level against the Japanese yen since April. Japan’s cabinet approved an economic stimulus plan before elections take place in December. Polls indicate that an opposition party, which is calling for unlimited monetary easing, will win the political race, according to Bloomberg.
- Gold and Silver Finish Week on High Note
November 21 2012 3:34 PM
On Wednesday, gold (NYSEARCA:GLD) futures for December delivery increased $4.60 to settle at $1,728.20 per ounce, while silver (NYSEARCA:SLV) jumped 42 cents to close at $33.35.