Since the middle of April we have all heard the gold bear cry of ‘it’s over, gold is done with…the bubble has burst.’ But not many of these so-called expert commentators have really looked into the strength of demand in the East.
Jeff Nichols wrote in a note to investors recently that he believed gold bears ‘have a fairly provincial view and limited understanding of gold’s increa... read more
Today’s AM fix was USD 1,290.25, EUR 976.28 and GBP 833.33 per ounce.
Yesterday’s AM fix was USD 1,303.25, EUR 986.34 and GBP 842.38 per ounce.
Gold plummeted $72.50 or 5.37% yesterday and closed at $1,278.50/oz. Silver dipped to $19.59 and finished down 8.01%.
Gold and silver have rallied from their lowest levels since September 2010 due to increased physical demand in Asia and nota... read more
Stripped of all the acronyms and economist-speak, government policy of the past few years has been simple: lower interest rates to push people out of cash (which yields nothing) and into stocks and houses. And then, when those assets go up enough to make their owners feel rich, hope that this paper wealth translates into a willingness to max out credit card... read more
We are in the final stages of a war to push gold and silver prices lower and it is being facilitated through the “criminal” use of paper derivatives. This is being done “... to destroy the psychology of people invested in this sector.” Keith Barron, who consults with major companies around the world and is responsible for one of the largest gold discoveries in the la... read more
There may come a day soon where the markets sell off if one of the whiskers in Big Ben’s beard is out of place. Or perhaps if his tie is a bit crooked. Or maybe we end up with Janet Yellen as the next puppet in charge over at the local banking cabal and we fret about her hairdo. I don’t know, but one thing t... read more
FUNCHAL, MADEIRA (MINEWEB) -
Gold and silver prices continue to disappoint the hard money believers, but fundamentals – depending on how you interpret them – do to this observer suggest that the long term future for precious metals remains a positive one. Physical gold, and presumably silver, although this is not as well reported, continue to move from West to East – an... read more
Sri-Kumar does not see Gold going to much below $1,300.00 and then goes on to say to Get Out of Paper and In to Gold as a store of wealth and to protect you from the incoming Inflation
June 18 (Bloomberg) -- Sri-Kumar Global Strategies President Komal Sri-Kumar discusses the price of gold with Alix Steel on Bloomberg Television's "Lunch Money." (Source: Bloomberg)
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The initial knee-jerk reaction to QE3 and the extension into unlimited free money forever last September sent mortgage spreads dramatically lower and sparked a super-excited flood of cash into cheap-to-finance REO-to-rent housing markets. This created the faux-prosperity that even Bernanke is banking on in our housing markets now. However, that mortgage spread (the difference between 30Y m... read more
Combating antibiotic-resistant superbugs and suppression of hospital-acquired infections have increased the importance and number of uses of silver-infused products, says The Silver Institute.
Recent advances in biotechnology have brought a renewed focus on silver’s centuries old history as an important medical weapon.
In a news release issued Wednesday, the Silver Institute observed th... read more
NEW YORK (MarketWatch) -- The U.S. dollar extended its surge versus most major currencies Thursday, building on gains triggered a day earlier after Federal Reserve Chairman Ben Bernanke said the bank could begin to slow its stimulus-providing program of bond purchases by the end of the year.
