Popular Gold News

Popular News
While many at Casey Research don't like making price predictions, and certainly ones accompanied by a specific date, it's hard to ignore the correlation between the US monetary base and the gold price. That correlation says we'll see $2,300 gold by January 2014. There are plenty of long-term charts that show a connection between gold and various other forms of money (and credit). Most show that one outperforms until the… Read more...
Gold may gain for the second time in three sessions amid signs of improving demand in India, the world’s biggest consumer.Physical dealers in India cited a “notable pickup” in purchases during the past few sessions amid lower domestic prices, Barclays Plc said today in a report. Indians tend to buy more at this time of year because of jewelry demand for the wedding season and festivals. Holdings in exchange-traded products… 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...

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...
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...

Will the Gold Standard Return?

Sunday, 19 August 2012
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Published in From The CEO
Paul Ryan, Mitt Romney’s choice for his Vice Presidential running mate, holds some very strong opinions.  For starters, he wants to limit the powers of The Federal Reserve, especially its ability to print paper money at will.  Read more...

Columbus Day Brings Gold Drop

Monday, 08 October 2012
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Published in Gold Investing
Most people are off work today and celebrating Columbus Day in some aspect. That being said, this time the holiday brought with it a drop in the price of gold, as the yellow metal fell in price to come in at right around $1,775 for the day. Last week’s good employment numbers strengthened the dollar, and while gold was still very strong through last week, it did have some affect… Read more...
U.S. stocks slid the most since June and Treasuries rose as General Electric Co. (GE), McDonald’s Corp. and Microsoft Corp. posted results that missed estimates and euro-area leaders failed to discuss aid for Spain at a summit. Metals and oil led a slump in Commodities. The Standard & Poor’s 500 Index fell 1.3 percent at 1:11 p.m. in New York, poised for its worst drop on a closing basis since… Read more...

Gold bounces from seven week low, eyes Bank of Japan

Thursday, 25 October 2012
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Published in Gold Investing
Gold rose on Thursday, after a drop to seven-week lows the previous day, with a rising euro and prospects of further monetary stimulus lending support to prices. Spot gold was up 0.8 percent at $1,714.34 an ounce at 1451 GMT, bouncing off Wednesday's seven-week low of $1,698.39. U.S. gold futures for December delivery were up $13.70 an ounce at $1,715.30. Bullion rallied steadily to an 11-month peak above $1,795 an… Read more...
Federal Reserve Chairman Ben S. Bernanke told lawmakers that progress in reducing unemployment is likely to be “frustratingly slow” and repeated that the central bank is ready to take further action to boost the recovery, while refraining from pledging any new policies. Read more...