Latest Gold & Silver Price News

Silver Price forecast and the shift to measuring wealth in Gold Ounces instead of Dollars

Silver Price forecast and the shift to measuring wealth in Gold Ounces instead of Dollars

The debt-based monetary system creates an illusion of wealth. It allows for claims on real goods to significantly exceed the actual amount of real goods. You then have a number of people believing they have wealth, since they have claims (pieces of paper or tokens) showing that they have these real assets, whereas, in reality, if everyone was to claim the real goods, there would not be enough to go around. The high debt levels, in some way, represent the extent to which there are more claims than the actual underlying real assets. During the period of credit extension – that has been for at least 80 years – most […]

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Gold Price volatile, Indian & Chinese Gold demand rises

The Gold Price slipped 0.5% from a new 8-week high Thursday lunchtime in London, while global stock markets stalled after a 3-day rise and commodities also pulled back. The Euro fell from $1.32 for the third time this week after chief finance minister Jean-Claude Juncker called new proposals for stemming the currency zone’s debt crisis – only agreed at a summit on Monday – “largely insufficient”. The Gold Price for Euro investors today touched €43,900 per kilo, a level breached only five times during the surge of summer last year. Beijing meantime said China’s full-year Gold Mining output in 2011 – all of which was bought domestically, as exports are banned – hit a record 361 tonnes, […]

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The Gold Price Recovery

The Gold Price Recovery

We know gold is in a historic bull market because: A) Western governments have taken on huge debts and unfunded liabilities that cannot be paid back with sound, honest money (“real money,” gold, rises as a result). And B) the relatively poor countries of Asia are growing richer. They have a centuries-old cultural affinity for gold and silver. And they are buying huge amounts of gold. These “big drivers” have allowed gold to register 11 consecutive years of higher prices. Despite that historic run, there are many skeptics of gold and its bull market. Although these skeptics have been wrong for years, they gleefully claimed the gold bull market was […]

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Silver price at $158 in 12-18 months?

The Facebook IPO and the $80 billion Glencore/Xstrata merger are the talk of the markets this morning, with both lending encouragement to equities. North American stock markets had another up day yesterday, with Asian exchanges recording further gains this morning. European markets are however more mixed, with continuing Greek debt talks casting a shadow over the generally bullish mood. April Comex gold futures – the most actively traded month – settled just 50 cents shy of $1,750 per troy ounce. $1,750 is becoming an increasingly significant short-term resistance level for gold. Encouraging news about German and Chinese manufacturing output led to more selling of the US dollar as investors headed back […]

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Silver to Break $100 This Year & Gold Bull on the Move

With gold and silver off to an incredibly strong start for 2012, today King World News interviewed acclaimed money manager Stephen Leeb, Chairman & Chief Investment Officer of Leeb Capital Management. Leeb surprised KWN by predicting that silver will hit $100 this year. But first, here is what Leeb had to say about Bill Fleckenstein’s comments on KWN earlier today about the public coming into the gold market: “I think (Bill) Fleckenstein is totally correct. The kind of environment he’s talking about is the one I alluded to a little bit earlier, namely the 1970s, where we did have this kind of stagflation. In the mid 70s we had very […]

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Mining Stocks Yet to Go Up Decisively

Mining Stocks Yet to Go Up Decisively

According to Goldman Sachs, gold provided the best returns of all commodities in the past five years when adjusted for volatility and says the rally will continue as options traders signal no change in the metal’s relatively low risk. The Bloomberg Riskless Return Ranking shows the Standard & Poor’s GSCI Gold Total Return Index produced a 6.5 percent risk- adjusted return in the five years that ended last week, the highest among 24 commodities tracked by S&P, data compiled by Bloomberg show. Silver, the next-best performer, yielded a risk-adjusted gain of 3.1 percent, while a total-return index for all raw materials slipped 0.2 percent. Goldman Sachs forecasts gold will reach […]

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Great Deals on Gold and Silver

Great Deals on Gold and Silver

GoldMoney Founder and Chairman James Turk knows how to find great deals on gold and silver. He claims that the 2012 bottom for gold came during the first week in January. If the year’s low is already history and if his projection that gold will hit the $2,000/oz mark within three months is on target, you do the math. “Gold is way too cheap,” he tells The Gold Report in this exclusive interview. The Gold Report: Given the volatile 2011 market and the fact that gold trades at seasonally lower prices in the summer, James, what led you to say you believe we’ve already hit the low for the gold price in 2012? […]

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Gold Chart

Gold Chart

Gold bulls breached resistance at $1750 but have been unable to keep the market ABOVE that price. That will be necessary for them to set up a run towards $1775- $1780 where a major upside resistance level is located. There is a bit of weakness in Euro Gold today which is coming off of the rather large rally in the Euro in today’s session. That rally sent the Dollar down below critical support at the 79 level on the USDX but that market has rebounded back above 79 thus far. A close below 78.80 should set the Dollar up for a drop towards 78. It is indeed fascinating to watch […]

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‘January Barometer’ gives green light to stocks

‘January Barometer’ gives green light to stocks

Though precious metal struggled yesterday to overcome important resistance levels on the price charts, overall January was a good month for gold, silver and the companies that dig these metals out of the ground. The HUI Index of leading gold and silver mining companies gained 3.6% over the course of the month – an encouraging, albeit modest, change of fortune when compared with the poor year that these stocks had over the course of 2011. However, the share prices of gold and silver producers continue to lag behind gains in the actual metals. As ZeroHedge reports, gold and silver were clear winners over the course of January in terms of performance when […]

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Rumours about Iranian oil-for-gold programme persist

Despite official denials by the Indian government, rumours are spreading that India and China are planning to use gold to pay for future purchases of Iranian crude oil. According to unconfirmed speculation, the Indian government is planning a swap agreement with Iran which will assure future deliveries of Iranian crude oil to be paid in gold and Indian rupees. At the end of 2011 the US imposed an embargo on Iran, which was endorsed by the European Union last week. India and China are two major Iranian crude oil importers. Both states purchase roughly 30% of yearly Iranian production, amounting to a total of US$30 billion. Should these persistent rumours be […]

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Investors buying Gold, stocks and euro as report confirms soft landing for China

Dollar prices for Buying Gold rose to $1750 per ounce Wednesday morning in London – their highest level since early December – while commodities gained and stock markets surged following a raft of better-than-expected manufacturing data. Prices for Buying Silver rallied to $34.01 – though they remained below yesterday’s high. US Treasury bond prices fell meantime, while the Euro rallied 1.3% against the Dollar. “Buyers have returned to the Euro, which is helping the situation in gold,” says Ole Hansen, senior manager at Saxo Bank. “[Gold] had a bit of lackluster profit-taking yesterday but didn’t break anything important on the downside, which helped confirm that being long is back in vogue.” “I think that […]

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How Savings Accounts Became Rubbish

BEFORE the late 18th and early 19th century, there was no facility for most people to save. Banks did not accept small deposits and had no interest in anyone but the rich. Although building societies existed then, their purpose – as the name suggests – was to finance the building of houses, writes Jason Riddle of Save Our Savers. The idea for savings banks evolved against a background of severe economic decline and appalling poverty. The philanthropists who set them up were motivated by a strong belief in thrift and self-help. But their establishment was not purely a philanthropic gesture; savings banks made sound economic sense. The rudimentary welfare system of the day, […]

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Monthly Gold Charts – January 2012

Monthly Gold Charts – January 2012

  Author: Trader Dan, specialized in commodities like gold & silver

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Video – Breaking News Ellis Martin Report with Jim Sinclair

A special unedited phone interview with legendary Jim Sinclair, about a very special situation taking place right now. The interview takes half an hour and you need to pay some attention to understand everything, but honestly it’s so important that everyone who is invested, should listen to it. Courtesy to Ellis Martin from EllisMartinReport.com

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