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John Townsend: It feels almost ridiculous and nearly irresponsible for me to suggest that gold will fall to below $1430. Personally, I think it has fallen way too much already. In a very short period of time the value of my holdings in mining stocks have been cut in half Read more…
Stocks posted strong gains on Monday, but on light trade. All the major indices closed higher on the day. The Nasdaq led the advance, as it tacked on an impressive 2.4%. The S&P MidCap 400 and the small-cap Russell 2000 gained 2.2% and 2.3% respectively. Read more…
Stocks were hit hard for a fifth consecutive day on Friday on a big spike in trade. Friday ended the worst week of the year for the market. For the day, both the Nasdaq and the S&P MidCap 400 slumped 1.2%, while the small-cap Russell 2000 dropped 1.0%. Read more…
Money Morning: Gold prices are still far from last year’s record $1,920.30 an ounce. Given the economic volatility in 2011, last year was a banner year for gold prices. Read more…
Dominique de Kevelioc de Bailleul: On the day GoldCore reports George Soros’ nearly quadrupled his holdings of the SPDR Gold Trust (NYSEARCA:GLD) in his latest SEC filing, Yahoo posts a front page article titled Read more…
Christian Magoon: Gold is getting hammered – first by the crushed hopes for QE3 in late February and now by the EU debt crisis and weakening economies within India and China. These factors combined this week to push traditional gold ETFs into negative territory for 2012. Read more…
NYSE:DGLD, NYSE:DGZ, NYSE:DUST, NYSE:DZZ, NYSE:GLD, NYSE:GLL
Dominique de Kevelioc de Bailleul: Reminiscent of the gloom and doom articles of October 2008 regarding the gold price, a sudden spate of anti-gold propaganda and short-term bearish calls for the yellow metal have hit the web. Read more…
Christian Magoon: In what appears to be a bearish signal for gold ETF fund investors, a recent survey of Americans shows the conviction level in gold as the best long term investment has slipped. Read more…
Keith Fitz-Gerald: Gold’s hot. Then it’s not. Now what? Where did the love for the shiny metal go? Now the gold bugs are crying, and the “I told you so crowd” is warming up in the wings. Read more…
Corey Rosenbloom: One of the big headlines of today was the sharp decline and breakdown under chart-based support in Gold. Read more…
Adrian Ash: Last time gold fell for 3 months running was March 2001. And so…? IT HAD BECOME so rare, you could take its absence for granted to buy gold on the cheap. Read more…
Our own John Butler of Atom Capital/Amphora Commodities Alpha Fund, talks about his book, The Golden Revolution, and his belief that we may see some countries adopt a kind of gold standard by next year. Read more…
Jared Cummans: Markets are nearing a critical moment in the year as earnings season draws to a close. After a strong first quarter, a number of blue chip firms are reporting strong earnings, keeping optimism levels high for the time being. But with euro debt problems arising in countries like Ireland, Spain, and Read more…
Rick Rule: After a reasonably long period of sustained and occasionally dramatic escalations, commodity markets in general, and precious metals markets in particular, have declined. This is normal and healthy behavior, even if it is uncomfortable for some market participants. Readers with a long memory will Read more…
Dominique de Kevelioc de Bailleul: The man whose passion for urging investors to load up on gold bullion since the Fed tipped its monetary policy hand following the collapse of Lehman Brothers in 2008, has jumped a notch in intensity in his latest update for gold investors. Read more…
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