Popular Gold News

Popular News
After last week’s Easy Money (Q3) announcement by the Fed, gold is looking very fine today indeed at $1,773 per ounce.  Still, it has some work cut out for it.  Next stop is $1,920 per ounce.  But why $1,920?  Why not simply $2,000.  After all, isn’t $2,000 what the precious metals pundits have been targeting?  Isn’t that where the market is headed?  Why split hairs for the extra $80.00 per… Read more...

Stubborn Gold!

Friday, 17 August 2012
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Published in From The CEO
The current price of gold is making some investors impatient.  Very impatient.  The yellow metal seems to be sleeping at the low 1600s without a sign of a higher price in the near future. Read more...

Weak Commodities Cause Gold to Drop

Monday, 24 September 2012
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Published in Gold Investing
After hitting a near seven-month high last week, gold finally dropped last week as broadly lower crude oil and grain prices prompted investors to take profits. This is the first time in a while that outside commodity trading has hurt the yellow metal, and while the drop was small, it was still a drop after gold had put on an impressive run over the last couple of months. Traders agree… Read more...

$4 gas: Get used to it

Friday, 05 October 2012
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Published in United States Economy
A new U.N. report says the massive bets placed on the commodities markets are the "root cause" of the volatility in oil and gas prices. And that's not about to change President Obama may have a lot more to worry about than bombing the debate this week. Traders are starting to get particularly bullish over gasoline prices – and that is bad news for the average driver, who may also… Read more...

Gold Prices Stabilize But Trends Still Intact

Monday, 02 December 2013
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Published in Gold Investing
Gold prices bounced off their lows of the month to stabilize around the $1,248 an ounce mark, but there’s nothing to indicate commodities, including gold and silver, have found a floor. It’s probably little comfort to investors that the weakness in prices are reflected across a broad range of commodities including crude oil, gasoline, industrial metals, and food products. Read more...
Jay Mueller, who manages $3 billion of bonds for Wells Capital Management in Milwaukee, resisted buying Treasuries for four months, anticipating the Federal Reserve would drop its pledge to keep interest rates at a record low through late 2014. Read more...

The Slippery Slope of Quantitative Easing

Thursday, 30 August 2012
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Published in From The CEO
The phrase “quantitative easing” has been bandied about the world media as though it were some magic potient mysteriously concocted to rejuvenate the currency in each country that lays claim to a central bank.  Used most frequently in this country in conjunction with its companion letters “QE” (as in QE1, QE2 and QE3), the phrase seems also to suggest an elaborate shoe-fitting ceremony.  Read more...

An Important Reminder About Silver

Thursday, 30 August 2012
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Published in From The CEO
Friday, August 31, was a significant day for Gold.  The yellow metal spiked $34.60 in one day to wind up at $1,692 per ounce on the tail of Fed Chairman Ben Bernanke’s speech at Jackson Hole, Wyoming.   The precious metals market clearly reacted strongly to his announcement that the Fed will continue to monitor the economy closely, and remain open to a third round of quantitative easing (QE3).  Read more...
This may be surprising to many of us in the Western part of the world, but some news broke late yesterday about a massive illegal gold-futures trading scam in China. These actually hint at two things. Read more...

Think About a Silver 401K

Wednesday, 19 September 2012
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Published in IRA & 401k
Silver has always been regarded as one of the most popular precious metals in the world, perhaps even the most popular. While gold is what most people look at, silver is the most widely used precious metal in the world, and enjoys a level of success due to the fact that it is popular with investors and collectors and used in many industries. This is as good of a reason… Read more...