Even though it has been quiet in the silver market, it is beginning to set up quite nicely. We are watching the area around $20.61, after silver has bounced off of what could be a bottoming formation. The bottom will be confirmed when silver breaks above $20.60...
A break above $20.60 would mean another $1.60 or so to the topside, which will take silver to the $22.20 area as a double bot... read more
The upside action in gold looks extremely constructive. In fact, the way gold is trading here is looking very similar to the way gold traded in 2012, when gold posted the double bottom and moved higher...
So the constructive dynamic here is that gold posted the double bottom around the $1,180 level. We then saw the bullish weekly reversal. Gold has now clearly broken out above the downtrend.... read more
Gold prices are poised to extend their 2014 rebound and reach $1,400 an ounce, the highest since September, according to technical analysis from Citi Futures and RBC Wealth Management.
Prices yesterday settled above the 100-day moving average for a second straight day for the first time since October. The metal has also closed above its... read more
Commerzbank forecast higher bullion prices even after 500-tonnes of gold 'vanishes' in China
Gold hit a three-month high on Tuesday morning, defying most expert views that 2014 would see further falls in the precious metal a day after a report revealed 500-tonnes of bullion is missing somewhere in China.
However, the recent rally still has many analysts questioning whether the recent tur... read more
GOLD PRICES dropped and then made a fresh 12-week high in London on Tuesday, rising to $1290 per ounce as new Federal Reserve chief Janet Yellen made her first public comments in the job before US lawmakers.
World stock markets also rose, as did silver, which re-touched Monday's 2-week highs at $20.25 per ounce.
Shanghai g... read more
How Foreign Exchange Intervention Affects the Money Supply
In order to succeed, a regime of fixed exchange rates (and under Bretton Woods, rates for the major currencies were fixed in terms of their par values, which could not be casually altered) requires coordinated economic policies, particularly monetary policies. If two different currencies trade at a fixed exchange rat... read more
Gold futures rose to the highest price since November as physical purchases from China and a weakening dollar spurred demand. Silver extended its longest winning streak in almost six months.
Gold is rebounding from its biggest annual drop since 1981 as global equities and emerging markets weakened and lower prices spurred physical buying. Chinese consumers returned from the week-long Lunar N... read more
* Weak U.S. jobs data give boost to gold for second day
* Busy week ahead with Fed's Yellen, economic data
* China 2013 demand tops 1,000 tonnes for the first time (Updates prices, adds comment)
By Clara Denina
LONDON, Feb 10 (Reuters) - Gold rose on Monday after a weak U.S. jobs report last week rai... read more
Peter Schiff discusses the movement in Gold prices.
Silver bullion coin demand quadrupled between 2007 and 2013 the U.S. Mint noted in an eye-opening report this week explaining its silver “allocations” to authorized purchasers.
Here’s the table from the U.S. Mint:
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United States Mint ... read more      |
