Popular Gold News

Popular News
Another round of quantitative easing was announced earlier today, and with that news gold prices jumped again. It seems as though the yellow metal can’t be stopped right now. As speculated, the Federal Open Market Committee finally decided it was time to roll out more easing measures. In order to improve the struggling labor market, the Federal Reserve said it will buy $40 billion of mortgage-backed securities in an open-ended… Read more...
Hurricane Sandy is currently dominating just about every part of the news, and it is also affecting everything around it. The effects of Hurricane Sandy are being felt in just about every sector; and that includes the gold market. The Hurricane has brought trading to almost a complete halt and will more than likely keep the markets closed until at least Wednesday.
While the yellow metal didn’t drop…

Gold Powers Higher

Wednesday, 02 July 2014
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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...

Gold’s Value as a Safe Haven Intensifies

Thursday, 17 July 2014
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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
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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
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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
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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...

Who’s In Charge – Fed Doves or Hawks?

Monday, 15 October 2012
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Published in From The CEO
Just when we thought everything was alright.  Few breaths were taken in the world financial community last September 13 until Ben Bernanke surfaced from the Fed FOMC’s annual meeting on monetary policy at Jackson Hole, Wyoming.  Then he made his fateful announcement:  The Federal Reserve would now execute its mandate to print money as it deemed necessary to boost U.S. employment figures in particular, and the economy in general.  Welcome… 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...
At certain times here at the Investor’s Corner, we feel it’s important to remind you not to forget to add silver to your precious metals portfolio.  And you might wonder why.  After all, isn’t gold the ultimate hedge against the debasement of the dollar and, for that matter, all other paper currencies?  Shouldn’t our attention be focused on the yellow metal? The quick answer to that last question is yes,… Read more...
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