Wednesday, 09 July 2014

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.

Published in Gold Investing
Wednesday, 02 July 2014

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 territory despite warnings from Federal Reserve Chairman Janet Yellen that investors may not fully appreciate the risk of future losses. Even though Yellen did not anticipate any current change in monetary policy, the bold warning was meant as a bucket of cold water on the stock market party. The strange price action this week kept the Dow/Gold ratio pegged at 12.7, on a week where gold should have had a clearer edge.

Published in Gold Investing
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 war.
Published in Gold Investing