On Friday, gold (NYSEARCA:GLD) futures for December delivery decreased $6.60 to settle at $1,773.90 per ounce, while silver (NYSEARCA:SLV) edged 9 cents lower to close at $34.58. Both precious metals logged their best quarterly performance since 2010.
Although gold and silver dipped on the final trading day in the third quarter, new economic reports will likely support reasoning for addition... read more
Gold retreated from a seven-month high Friday but still scored a quarterly 10.6% pick-up, its best quarter in more than two years.
Gold was not the lone commodity to rise during the July-September period. The precious metals complex was rowdy across-the-board with companion quarterly gains of over 25% for silver, nearly 15% for platinum and almost 10% for palladium.
On Friday, gold prices... read more
THE RESORT to further Quantitative Easing (QE) in the US (that is, creating money) on an unlimited scale has been announced by the US Federal Reserve’s open market committee. Since January 2007, the money base in the US — the cash supplied by the Fed to mostly banks and the public — has grown from a mere $872bn to $2,672bn by July this year.
Of this increase in the money base, more tha... read more
By Jared Cummans
The past few weeks have seen a major shake-up in the global economy, as central banks from around the world have taken aggressive actions to try and boost their respective nations. Of course, investors everywhere have been rejoicing as not only have major benchmarks charged forward, but excessive money printing and easing on a mass scale makes a number of assets extremely at... read more
It would be too much to say that the government of Free Germany, as we are still wont to call it, is taking steps toward the gold standard. After all, no committee beckons in the Bundestag. The government is entangled with Spain and Greece and the scrip known as the Euro. The newspapers are mum. It would not be too much, though, to say that the latest report from the Deutsche Bank, the country... read more
Gold and silver are on a tear, but only one can be your best option. This strategist breaks it down.
Both gold and silver have been hitting multi-month highs, but that's about where the similarities end. Silver [SICV1 34.07 -0.568 (-1.64%) ], as both a precious metal and one with industrial uses, tends to trade more on industrial trends, while gold [GCCV1 1763.00 -12.60 (-0.71%)... read more
With gold on the move once again, today John Embry told King World News, “I’m still of the mind that we will be in record territory before year end.” Embry also said, “We did our bit by buying another $392 million worth of gold for the Sprott Physical Gold Trust.” Embry spoke about silver, “I’m wildly bullish on silver. I don’t think the physical market has ever been this... read more
A few years ago, Sir John Beddington, the UK government’s chief scientific advisor stated that with the world’s population growing, food supplies diminishing, and water supplies becoming more scarce, all of these factors would combine to form a ‘perfect storm’ in 2030 resulting in food shortages and rioting. However, the New England Complex Systems Institute believes he is way too optim... read more
Today Egon von Greyerz told King World News that silver is going to surge a remarkable 433% from current levels. Greyerz, who is founder and managing partner at Matterhorn Asset Management out of Switzerland, also said the move in silver could take place, “... in the next twelve months.”
Here is what Greyerz had to say: “Gold is now up 13% this year after having been up 19% com... read more
his article examines the relative value of investing in gold as compared to investing in silver, their relative recent performances, and suggests some junior resource exploration companies stock picks, where stocks are severely depressed and are good value with strong upside potential.
Gold Breakout
Commentators have filled the news recently on the breakout in the price of gold (SPDR Gold... read more
