Recent Gold News

Recent News
Poor President Obama. Right after he promised the American people we were packing up the tanks and the M16s, and bringing American forces home from Afghanistan, wouldn't you know that Al Quaeda-influenced forces would start a civil war in Iraq. What’s a president to do — fire Press Secretary Jay Carney? Tell US armed forces that all leave is cancelled? Call a special session of Congress? Here we go again. The world’s at… Read more...

Gold Bulls Regain Some Traction

Wednesday, 11 June 2014
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Published in Gold Investing
Whether you call it a correction or a relief rally, this week certainly comes as a relief to gold bulls — and the sudden turnaround in gold prices lets me hold my analyst head a little higher, though gold is still solidly down on the 30-day chart. Read more...

Gold is Now a Steal

Friday, 06 June 2014
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Published in Gold Investing
Poor gold. It’s been dissed, disdained, and scorned for a year. Even worse, it’s been sold off! In 2013, the gold price slumped 28%. Investment pundits are now warning against it. The yellow metal has become the Rodney Dangerfield of investments. It gets no respect. Late last year Scott Nations told CNBC that he wouldn't buy gold with his worst enemy’s cash. Read more...

Gold Bounces Off Four Month Low

Wednesday, 04 June 2014
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Published in Gold Investing
Gold bounced off four month lows in midweek trading, gaining $2.50 to $1,247.16; and silver was up $0.07 to $18.87. Gold is down for the week and the month, and the softness in prices is even starting to bend the 200-day moving average into negative territory. Read more...
Australia’s gold production in the first quarter of this year declined by 7% below that of the previous quarter,  Read more...

China Wants More Say in Gold Prices

Wednesday, 28 May 2014
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Published in Gold Investing
It was a tough week for gold traders, with gold not only holding prices below $1,300 but continuing to slide in mid-week trading. In midday trading on Wednesday, gold was down another $7.34 to $1,257.29, and silver was off a nickel to $19.01. Read more...

Beware of Cheap & Easy Optimism

Friday, 23 May 2014
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Published in Gold Investing
As though a rip-roaring stock market hasn't been hard enough on the gold price, the yellow metal has been hit hard by the US dollar and a widespread wave of economic optimism in this last week. Reuters yesterday  Read more...

Gold Down on Fed Statements

Wednesday, 21 May 2014
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Published in Gold Investing
Gold dipped below $1,300 in mid-week trading, with the shiny metal down $3.78 to $1,290.20. Silver was up a penny to $19.41, bringing the Silver/Gold ratio to 66.5, still far above more sustainable ratios in the 50s. Read more...
While gold continues its stubborn defiance of a $1,275-per-ounce downside and awaits a failure of the Fed’s paper-priming strategy before it explodes, platinum, gold’s distant cousin, continues to show uncommon strength. Often acting in concert with gold as a safe-haven asset, platinum is more subject to the pull of market demand. Read more...
Gold simply won’t stay under $1,300, but that hasn't stopped it from trying. Prices dipped toward $1,280 early Monday, before bargain hunters stepped in to push gold higher; and the buying has been steady the first half of the week. In early trading Wednesday gold was up $11.01 to $1,304.43, and silver was up $0.27 to $19.79. Read more...