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Przemyslaw Radomski: All the fundamental factors that have made gold such a stellar investment for the last decade are still intact. Fiat money is still being produced on easy street around the world, which in turn fuels worries about the dwindling purchase Read more…
Przemyslaw Radomski: Let’s start by stating that the title of this essay refers to the current situation on the gold market not to the long-term fundamental picture. In fact, up to this day, no paper currency has survived in its original form while gold has been used as money Read more…
Przemyslaw Radomski: Gold prices fell last Tuesday for the first time in eight days and Wednesday gold fell below $1,600 an ounce as buyers stayed on the sidelines ahead of the meeting of the U.S. Federal Reserve whichannounced Wednesday a modest increase Read more…
Przemyslaw Radomski: Congratulations. Let’s all take a collective deep sigh of relief. Instead of a new crisis, we’re just going to keep having the same old one. Read more…
Przemyslaw Radomski: Gold futures closed higher edging past the $1,600 mark Wednesday, extending their advance to a fourth session – perhaps traders considered prospects for further quantitative easing by the Federal Reserve and other central banks, including Read more…
Przemyslaw Radomski: Remember the disaster movie, “The Day After Tomorrow,” in which melting polar ice causes disruption to the north Atlantic currents precipitating a new Ice Age? The main character, a paleoclimatologist played by actor Dennis Quaid, warns government officials Read more…
Przemyslaw Radomski: We have all seen the newspapers headlines about the troubles in Greece, Spain, Portugal, Ireland and the entire eurozone. The situation in the U.S. is not much better, even if the press is ignoring it for the moment. In both blocks there is high debt Read more…
Przemyslaw Radomski: The reasons for the gold’s decline given in the press were a case of “round up the usual suspects.” There were concerns that China’s economy is slowing and that European leaders may fail to stem the debt crisis. As expected, the new French President Francois Hollande challenged Germany’s Read more…
Przemyslaw Radomski: There is all the talk of Greece leaving the eurozone and we are already seeing a slow-motion runs on Greek banks. The Financial Times reports that €5 billion has left Greek banks in just the last two weeks and the more that Greek citizens feel it is possible that their country will leave the euro, Read more…
Przemyslaw Radomski: Gold, traditionally a safe-haven asset, has been moving in tandem with riskier assets such as equities, industrial metals and oil this year, as investors for some reason which is difficult to fathom, have turned to the supposed “safety” of the dollar. Read more…
Przemyslaw Radomski: All eyes are on Greece which is heading toward national elections six weeks after the last vote. Many feel that a Greek euro exit would be a chance to cauterize a festering wound and move on. There are also those that feel that Greece Read more…
Przemyslaw Radomski: We’re getting whiplash from all the political changes in Europe, neo-Nazis in an unstable government in Greece and a changing of the guard in France– “adieu” to Nicolas Sarkozy. We see plenty of reasons for holding on to our long-term gold Read more…
Przemyslaw Radomski: One of the questions that we receive on a regular basis is whether one should invest in junior or senior mining stocks. The answer is that diversification is the way to go, but that’s not the full reply as weights in the diversified portfolio can still favor either juniors or senior stocks. Read more…
Przemyslaw Radomski: Lately, gold has been a disappointment to many investors while it has been mostly treading water. Gold has traded well beneath its all-time high of $1,924 an ounce on September 6th and well above its subsequent low near $1,520 which took place in late December. Many anticipated higher Read more…
Przemyslaw Radomski: The New York Times reported on a growing phenomenon in Europe:“suicide by economic crisis.”Apparently people are taking their own lives in despair over unemployment and economic failure. Paul Krugman in his column in the New York Times wonders if it isn’t the case that European Read more…
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