Recent Goldco News
  • Gold’s Value as a Safe Haven Intensifies

    Gold’s Value as a Safe Haven Intensifies
    For the second straight day, Gold has repeated last week’s pattern of defying its own customary summer trading doldrums. After a precipitous sell-off that knocked the yellow metal down to $1,298, it closed Thursday at $1,320 per ounce, up $19.00 from the previous day’s close. Additional sanctions on Russia, coupled with Israel’s just announced invasion of…
  • Gold Slips Below $1,300

    Gold Slips Below $1,300
    It’s been a brutal week for gold, with prices finally stabilizing marginally below $1,300. On Monday gold dropped 2.3%, the largest one day drop in all of 2014 so far. Gold prices bounced off lows in early trading on Wednesday, up $3.44 to $1,298.07, while silver was up $0.05 to $20.72.
  • Those Lazy, Hazy, Crazy Days of Summer

    Those Lazy, Hazy, Crazy Days of Summer
    There she goes again, surprising the daylights out of investors and market watchers, dashing expectations for another sleepy summer trading season! The scorned orphan of the financial community ratcheted up to yesterday’s London fix of $1,322.50 per ounce, and became its own hard act to follow at today’s London fix of $1,343.25. As I write,…
  • Gold Steady on Demand for Bullion

    Gold Steady on Demand for Bullion
    Gold traded mostly sideways this week, with early trading Wednesday pushing prices higher by $6.10 to $1,325.10. Silver was up $0.11 to $21.12, and platinum and palladium are also trading higher.
  • Gold Powers Higher

    Gold Powers Higher
    These are strange days for the economy, as both gold and the stock market posted higher prices in the same week. In midday trading on Wednesday, gold was higher by $3.21 an ounce to $1,329.40, and silver was up $0.24 to $21.24. The surge in gold prices was matched by the stock market, powering into record…
Recent Goldco News

Gold’s Value as a Safe Haven Intensifies

Thursday, 17 July 2014
Written by
Published in Gold Investing
For the second straight day, Gold has repeated last week’s pattern of defying its own customary summer trading doldrums. After a precipitous sell-off that knocked the yellow metal down to $1,298, it closed Thursday at $1,320 per ounce, up $19.00 from the previous day’s close. Additional sanctions on Russia, coupled with Israel’s just announced invasion of Gaza, have led investors to turn to gold as a safe haven. An out-of-control Dow… Read more...

Gold Slips Below $1,300

Wednesday, 16 July 2014
Written by
Published in Gold Investing
It’s been a brutal week for gold, with prices finally stabilizing marginally below $1,300. On Monday gold dropped 2.3%, the largest one day drop in all of 2014 so far. Gold prices bounced off lows in early trading on Wednesday, up $3.44 to $1,298.07, while silver was up $0.05 to $20.72. Read more...

Those Lazy, Hazy, Crazy Days of Summer

Friday, 11 July 2014
Written by
Published in Gold Investing
There she goes again, surprising the daylights out of investors and market watchers, dashing expectations for another sleepy summer trading season! The scorned orphan of the financial community ratcheted up to yesterday’s London fix of $1,322.50 per ounce, and became its own hard act to follow at today’s London fix of $1,343.25. As I write, gold is now hovering at $1,337.00 per ounce. You go, Gold! Read more...

Gold Steady on Demand for Bullion

Wednesday, 09 July 2014
Written by
Published in Gold Investing
Gold traded mostly sideways this week, with early trading Wednesday pushing prices higher by $6.10 to $1,325.10. Silver was up $0.11 to $21.12, and platinum and palladium are also trading higher. Read more...

Gold Powers Higher

Wednesday, 02 July 2014
Written by
Published in Gold Investing
These are strange days for the economy, as both gold and the stock market posted higher prices in the same week. In midday trading on Wednesday, gold was higher by $3.21 an ounce to $1,329.40, and silver was up $0.24 to $21.24. The surge in gold prices was matched by the stock market, powering into record territory despite warnings from Federal Reserve Chairman Janet Yellen that investors may not fully appreciate… Read more...
“Amateurs want to be right. Professionals want to make money.” — Warren Buffett I’ll give you the answer straight-up to the question posed in the title of this blog piece in just a moment. Bear with me for a minute though. Sixty years ago, a freelance writer named Darrell Huff published a book called How to Lie with Statistics. It became a classic — one of the most widely sold how-to books ever. In… Read more...

Gold Up Sharply on Physical Demand

Wednesday, 25 June 2014
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Published in Gold Investing
Gold hit prices it hasn't seen since April, on a combination of factors that include Iraq and concerns over stock market valuations both in the US and the European Union. Gold is up again in mid-week trading, moving higher by $3.68 to $1,321.78, and silver was higher by $0.15 to $21.05. The boost in gold prices, combined with softness in equities, dropped the Dow/Gold Ratio to 12.74, nearly a full point in… Read more...

Uncertain Economic Optimism from the Fed

Friday, 20 June 2014
Written by
Published in Gold Investing
On Wednesday, the Federal Reserve announced it would keep its rates low for a while to allow the economy to recover. The thinking behind the announcement is that with lower rates in effect, businesses would be more inclined to invest, thus stimulating economic activity. The day after the announcement, gold bolted $41.40 to $1,340 an ounce, and silver $0.87 to $20.65 per ounce. Although precious metals are in a customary… Read more...

Gold Higher on Unrest in Iraq

Wednesday, 18 June 2014
Written by
Published in Gold Investing
Gold came off its highs earlier in the week, to stabilize early Wednesday with prices up $0.80 to $1,271.22, and silver up $0.03 to $19.77. The surge in gold prices trimmed the Dow/Gold Ratio to 13.19, indicating gold gained ground against the Dow in a zigzag trading week. Silver managed a good surge, trimming the Silver/Gold ratio to 64.3, with silver benefiting from its dual role as both a precious… Read more...
Law Makes Gold, Silver Coins Legal Tender in Oklahoma, Does Away with "Nonsensical" Tax | KFOR NewsChannel 4 Read more...
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