Gold prices jumped $28 to a six-week high Thursday while the Dow fell more than 200 points in afternoon trading.
February gold ended the day up $25.80 to $1,264.50 an ounce. Spot gold finished up $28.10 at $1,265.50.
Precious metal traders cited short covering, bargain hunting, and technical buying behind gold's ga...
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I have said it many times: central banks will be the major drivers of
gold bullion prices going forward. Countries like China and Russia will need more of the yellow metal, because they simply don’t have enough in their reserves compared to the United States, France, Germany, or Italy (the four central banks with th...
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Following yesterday's early morning surge when gold jumped $30 from the low $1230, on news that India may relax its gold capital controls, today's sharp spike follow through is more a function of ongoing emerging market currency devaluation and overall risk-offness hitting equities around the globe. And with Bitcoin going nowhere even as both Turkey and Argentina continue to turmoil, it means t...
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In this MUST WATCH Interview, Jim Rickards talks to German investigative journalist Last Schall, and discusses the failure of the Fed, as well as the Fed’s suppression of gold. Rickards explains to Schall why gold must rise to at least $7,000 – $10,000.
He also discusses China’s gold purchases and that the people with the most gold will have the most say in regard to a new monetary sys...
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"He who owns the gold makes the rules"
Please note: the "Golden Rule" refers to actual physical gold in one's possession and not futures contracts, GLD shares or even the gold that you have "invested" in via products marketed to wealthy bank clients that claim to have the gold sitting bank vaults (please see this:
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2013 was the first time in more than a decade that the gold prices headed south. Unsurprisingly, the major stock markets in the US did exceptionally well, and the economy also showed signs of revival. Considering the poor performance of gold in 2013, the general perception in the market today is that the era of investing in gold is over, and the yellow metal will continue to lose its value in t...
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Gold sales by
Japan’s biggest bullion retailer surged 63 percent to a five-year high as prices slumped and investors sought refuge from Prime Minister ShinzoAbe’s campaign to stoke inflation and weaken the yen.
Sales of bars to local investors by Tanaka Kikinzoku Kogyo K.K. soared to 37.3 metric tons in 2013, from 22.9 tons a year earlier...
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Gold has been in a bear market for some two years now. As a result of this, many investors believe that the precious metal is no longer a viable investment.
No investment ever goes straight up or straight down. During the last bull market in gold, the precious metal rose 2,329% from a low of $35 in 1970 to a high of $850 in 1980.
However,... read more
Chief Executive Officer & Senior Portfolio Manager, of Sprott Asset Management
Eric Sprott provides valuable insight in this transcribed interview with Mining MarketWatch Journal, shedding light on various issues including physical supply imbalances, paper market distortions, macro economic fundamentals, and global demand forces in play that will be key...
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