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
The price of gold dropped again today, hitting its lowest level in two weeks. More data was released showing that the world’s economy continues to gain steam, and with investors feeling high about the good news, gold has taken a hit. That being said, the low price for gold is really starting to bring out the bargain hunters again. Read more...
Even though gold stocks have recently been returning little to nothing big for investors, that hasn’t stopped corporate insiders from purchasing precious metals. As a matter of fact, precious metals have now eclipsed industrial metals as the stock group on the TSX with the highest insider buying sentiment. This data comes to us from INK Research, which tracks the buying… Read more...
Gold was up slightly today as the markets were closed in honor of Martin Luther King, Jr. day. While the day of trading was quiet for the most part due to the holiday, the yellow metal was able to inch up some without the markets. Read more...

Gold Remains Steady Heading Into the Weekend

Friday, 18 January 2013
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Published in Gold Investing
Gold remained steady today heading into the third weekend of January as little news hit the wire that caused any kind of stir. The yellow metal was down, but just over a dollar, as investors and traders chose to keep things quiet today and see what develops next week as we start to head into the second month of 2013. Read more...
Prospecting has become increasingly popular over the last few years, especially with gold being so high and price and continuing to rise. ABC News recently broke a story about a gold nugget with an estimated value of more than $300,000 that has been unearthed near Ballarat in Victoria's west. The prospector wishes to remain anonymous and refused to say where… Read more...

Gold Regains Price Lead Over Platinum

Wednesday, 16 January 2013
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Published in Gold Investing
Only one day removed from topping gold in the price category, platinum was back down below the price of gold, as the yellow metal experienced yet another jump in price while platinum gave back some of its previous gains on rising supply concerns from major producer South Africa.Platinum had initially gone up in price for the sixth straight day yesterday… Read more...
It seems that two of the biggest and most accurate gold forecasters are at odds when it comes to predicting the peak for the bull market for gold. Danske Bank A/S and Credit Suisse Group AG, the most-accurate gold forecasters, say prices will probably peak this year while their nearest rival, UniCredit SpA, sees no end in sight to the… Read more...
As many investors and traders get excited about what gold may do in regards to price movement this year, even many portfolio managers are coming out and saying that the yellow metal stocks could surge by up to 90 percent this year.How good could it get for miners? John Hathaway, a portfolio manager at New-York based Tocqueville gold fund, believes… Read more...

Gold Up Ahead of Bernanke Announcement

Monday, 14 January 2013
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Published in Gold Investing
Gold moved up to start the week as the market and investors awaited any hints from Fed Chair Ben Bernanke regarding the future of monetary policy. Bernanke is scheduled to speak today, so at least some hints should be given regarding what may happen regarding monetary policy in the future and how it will affect America.Gold for February delivery GCG3… Read more...

Gold Falls Again Heading Into Weekend

Friday, 11 January 2013
Written by
Published in Gold Investing
Gold fell for the second time in three days as several different concerns continue to hit investors. Topping the list today was the fact that inflation in China topped economist estimates, increasing concern that officials may curb stimulus. This, along with the continued fiscal cliff fighting that will go through February and into March, are just too much for gold… Read more...