RSSCategory: Articles: General

Gold price today – August 29, 2012

Gold price today – August 29, 2012

The gold price didn’t move much today. For the past couple of days, the prices are rather stable between the 1,650 US dollar and 1,675. If gold can hold the 1,650 support level, it would be a very good sign of strength. After a spectacular week where gold and silver broke out of their narrowing range,  it seems to be time for a break. The short term consolidation is somehow logic, with the assumption that we are at the beginning of the breakout process.   It seems that Investors are waiting for decisions from the Central Banks in the US and Europe. The US Fed is having their meeting on Thursday and […]

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Why Junior Gold Stocks Are Still the Place to Be

| August 7, 2012 | Articles: General

Edward Karr, CEO of Geneva-based RAMPartners, favors a disciplined, patient and steady approach to investing in junior gold mining companies. In this exclusive interview with The Gold Report, Karr shares his thoughts on the European crisis, its effect on gold prices and some of his favorite junior gold mining companies. Companies mentioned: CONTINENTAL RESOURCES GROUP INC. – GOLD STANDARD VENTURES CORP. – PERSHING GOLD CORP. – VALOR GOLD CORP. The Gold Report: Edward, because you’re based in Switzerland, it would be interesting to get your perspective on the Eurozone’s new rescue fund, the Eurozone Stability Mechanism (ESM). There is talk in the market that it could get a banking license, which would provide it access to European Central Bank […]

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HSBC predicts gold rally to $1,900+ by year-end

| August 7, 2012 | Articles: General
HSBC predicts gold rally to $1,900+ by year-end

There are increasing signs that Spanish Prime Minister Mariano Rajoy appears amenable to a European-Union bailout for Spain, despite the fact that this would mean to all intents and purposes relinquishing his government’s remaining fiscal sovereignty to Brussels. The FT’s David Gardner notes that Rajoy’s government has “the feel of a government approaching the end of its terms” – despite being a majority administration that’s only been in power for seven months. Gardner’s article quotes a former editor of El Pais who expresses concern at the PM’s inability to articulate a viable recovery plan: “one sometimes gets the impression that Rajoy speaks in public as if he was addressing a parish where the internet has […]

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Gold Price hits 3-week high as ECB’s Draghi vows to do whatever it takes to preserve the Euro

| July 27, 2012 | Articles: General
Gold Price hits 3-week high as ECB’s Draghi vows to do whatever it takes to preserve the Euro

The wholesale Gold Price leapt more than 1% inside an hour Thursday morning in London, hitting 3-week highs above $1620 per ounce, after European Central Bank chief Mario Draghi said “The ECB is ready to do whatever it takes to preserve” the single Euro currency. “And believe me, it will be enough.” Speaking in London one day after the Gold Price jumped following fresh rumors of more quantitative easing by the US Federal Reserve, Draghi didn’t specify plans, but pointed to the high bond yields now being paid by Eurozone members such as Italy and Spain. “To the extent that the size of these sovereign premia hamper the functioning of the monetary policy transmission channel, […]

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