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Nick Barisheff: Worldwide economic uncertainty has created a growing interest in precious metals as a way to preserve wealth. Today, global risks for investors include currency devaluation, sovereign debt defaults, bond market collapses and stock market losses Read more…
David Banister: Gold had remained in a rough 1550-1640 range for several weeks now. Tonight, we look at the SPDR Gold ETF (NYSEARCA:GLD), Read more…
Toby Connor: In response to a bursting real estate and credit bubble in 2007, Ben Bernanke’s solution was to crank up the printing press and flood the world with dollar bills. Unfortunately it didn’t solve Read more…
Przemyslaw Radomski: According to a Bloomberg survey at a precious metals conference this week, gold is poised for a 21 percent gain in 2012, extending its bull market to 12 consecutive years. Bullion may rise to $1,897 an ounce in New York by Dec. 31 from $1,566.80 at the end of 2011. Read more…
Keith Weiner: Today, people who believe that gold is money think that one should hoard gold. They seek to take possession personally. Or when they have it stored professionally, they look for a private vault outside the banking system where they can (hopefully) trust their warehouse receipt. Read more…
Przemyslaw Radomski: We would like to begin today’s essay with a discussion of points from a few e-mails that we received after publishing our previous essay entitled Gold Downside Targets and Manipulative Excuses. Most messages were about the remarkable reliability of the self-similar pattern, Read more…
Przemyslaw Radomski: When a roller coaster plunges it’s gut-churning, heart-racing, blood curdling, in a word–petrifying. That’s how precious metals investors must have felt Wednesday when gold plunged more than 5 per cent to hit a low of $1,688.44 ounce, after earlier trading as high a $1,791.49 an Read more…
Jeff Nielson: Gold and silver prices plummet because the U.S. economy is so healthy that the Federal Reserve won’t have to print any more money, and so there won’t be any more inflation. Lol! While it made good fiction for the Read more…
Toby Connor: Will The Market Ever Correct? That seems to be the question that everyone has been asking themselves for two months now. Analysts have been trying to pick a top in this market for weeks. All the while I’ve been telling, actually begging, people not to sell short. Until the dollar puts in an Read more…
NYSE:GDX, NYSE:GDXJ, NYSE:GLD, NYSE:IAU, NYSE:SLV, NYSE:UDN, NYSE:UUP
Dian L. Chu: U.S. regular gasoline price has spiked almost 4% in one week to $3.688 a gallon as of Feb. 26, the highest level since last September, with residents in three states–Alaska, Hawaii, California– are already seeing above $4 at the pump, based on AAA’s Daily Fuel Gauge Report. Read more…
Chris Vermeulen: “No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Read more…
Global demand for gold in 2011 rose to 4,067.1 tonnes (t) worth an estimated US$205.5 billion - the first time that global demand has exceeded US$200billion and the highest tonnage level since 1997, Read more…
Przemyslaw Radomski: We like Warren Buffett. We respect Warren Buffett. We’d love to sit and have lunch with him one day. As an investor, Warren Buffett is in a class all of his own. But the Oracle of Read more…
Jeff Nielson: The World Gold Council recently released its own report for the gold market for 2011. It noted that while global demand for gold had hit a new all-time high in (nominal) dollar terms, it was merely reaching its highest level in 15 years in terms of tonnages. Hardly the signs of an “over-heated” Read more…
Przemyslaw Radomski: There is a study published by the Credit Suisse and the London Business School that says that gold prices have been too volatile to play a reliable role as a hedge against inflation over the past 112 years. Read more…
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