David Morgan believes the bottom is in for the metals. He is expecting silver to outperform gold, going forward. His message on the Cambridge House Investment conference in Vancouver will be that now is the time to enter the market (not exit).
The factor(s) that will push silver to $100/oz, presumably in a three or four years timeframe, according to David Morgan: read more
Jan 27 (Reuters) - Argentina's sudden relaxation of currency controls, long touted by the government as essential to the country's financial health, has left investors wondering what's next for Latin America's crisis-prone No. 3 economy.
Shopkeepers around the country hurriedly placed new price tags over th... read more
Gold looks determined to break free of resistance around $1,250, Eric, but it is still struggling to clear this hurdle. After the break above $1,250 on Thursday, there was some decent upside follow-through on Friday. I had hoped that today would be a good one too, even though option expiry begins tomorrow...
With the ongoing manipulation it was too much to hope for.
Time and again we h... read more
Gold had a tough year in 2013. It was down 9.4% in the fourth quarter and 28% for the year. Market analysts like myself who thought the price of gold would be a lot higher than it is right now have been humbled. Despite the overall 2-year decline in the price of gold, the fundamental factors which ignited the bull market back in 2001 become even more powerful over he past 13 years. While there... read more
Gold rose $0.56 or 0% on Friday to $1,264.51/oz. Silver slipped 0.20 or 1% to $19.74/oz.
Gold surged to its highest level in two months on the open in Asia overnight. Gold was steady at $1,268.60 late morning, after earlier hitting a two-month high of $1,278.01. Other precious metals also edged higher.
Safe haven buying was evident as equities fell on worries about capital outflows from e... read more
Gold’s technical picture has improved since the last bullish update just over a month ago, but it has still not broken out the intermediate downtrend that started back last August, which we can see drawn on the 8-month chart shown below.
read more
After a week like last week, people tend to lend a little bit more credence to analysts who recommended buying gold in the midst of a bull market and a gold and silver down trend. I know this as a permanent bull for gold, silver, and other nonrenewable commodity metals - I'm rarely taken seriously as I state my case for buying gold while watching it down over 30% for the year. But, my view on t... read more
By December, the most recent month for which statistics are available, the U.S. dollar Fiat Money Quantity (FMQ) had grown to $12.48 trillion. This is $5.05 trillion more than if it had grown in line with the established average monthly growth rate from 1960 to the month before the Leh... read more
