Gold futures rose to a two-week high amid signs of increasing demand for bars and coins. Platinum climbed to the highest since November.
The premium to take immediate delivery of gold in China, the world’s biggest consumer, was $20 an ounce today, compared with last month’s average of $15.35. Istanbul Gold Exchange data yesterday showed Turkey’s imports increased 64 percent in December... read more
Silver moved out of the shadows as the New Year started with a spectacular rebound of more than three per cent and gold gained 1.5 per cent as investors rejigged their portfolios for 2014. Stocks mostly fell on military tensions between Japan and China, falling GDP in Singapore and poor Christmas sales for retailers in the US and UK.
Could this be the ‘new normal’ for 2014? Sometimes the... read more
The gold price surged more than 2% to a two-week high on Thursday, attempting a comeback on the first day of trading in 2014 after last year's dismal performance.
On the Comex division of the New York Mercantile Exchange gold for February delivery added $28 an ounce to $1,230.80 in early afternoon trade.
Gold was boosted by a weaker dollar, bargain hunting, investor rotation out of US sto... read more
If you're like me, you've bought gold due to the money printing policies of most developed countries and the effect those policies will have on the future purchasing power of our paper money. Probably also because there's no viable way for governments to escape the consequences of all the debt they've piled up.... read more
Over the last 10,000 years, humans have tried two different kinds of ‘money’. They began with exchanges based on credit — ‘You give me a chicken...I'll pay you back later, maybe by helping you build a new wigwam.’
Then, when society became too large and extensive, they switched to gold and silver. The advantage of this was obvious: You didn't have to remember who owed what to whom.... read more
Singapore - Gold rallied from its worst year in more than three decades as a decline to a six-month low was seen spurring physical purchases, potentially prompting some investors to reverse bets on lower prices.
Silver jumped.
Bullion for immediate delivery rose 1.5 percent to $1,224.11 at 3:25 p.m. in Singapore from the $1,205.65 close on December 31, when prices sank to $1,182.27, the l... read more
Investing.com - Gold prices rose in Asia on Thursday, kicking off trade in the region for the New Year with most markets closed yesterday and Japan shut today for a public holiday.
On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at USD1,204.60 a troy ounce during U.S. trading, up 0.18%. Gold prices last traded in a range between USD1,20... read more
China and the United States, the primary sources of economic stimulus since 2008, will begin to unwind their stimulus in 2014. The Fed's announcement of its first reduction in quantitative easing and China's rising interbank interest rate are signals of what is to come. The main driver for the unwinding is concerns of bubbles, not that economies are strong enough.
Unwinding stimulus, especia... read more
Look closely at this chart. The timing is near perfect. All silver lows take place at # 3 low. The silver bulls are just about ready to begin their ultimate stampede all the way up to # 1 - # 2. Either join those few knowledgeable bulls or get out of the way to avoid being crushed! The bull market in silver began in November 2001 at the price of $4.01. Since then silver bullion made a new h... read more
