Latest Gold & Silver Price News

China slowdown continues; UK inflation eases

China slowdown continues; UK inflation eases

Today seems to be shaping up to be a “risk on” kind of day as far as the markets are concerned, following the release of Chinese GDP data for the fourth quarter 2011. The world’s second-largest economy grew by 8.9% in comparison with the same period a year earlier, which was down from 9.1% in the third quarter, though better than the 8.7% increase economists surveyed by Bloomberg had expected. As reported by the BBC, growth for the full year was 9.2% – down from 10.3% in 2010. Thus the economic slowdown in China continues, though commodities and the stocks of commodity producers are rallying on speculation that this will prompt the […]

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Silver as a monetary asset

| January 17, 2012 | Articles: Insights

In this video Juan Ramón Rallo, economist and university professor in Madrid, and Alasdair Macleod of the GoldMoney Foundation talk about silver’s monetary role. Rallo says that Silver used to …

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Gold’s role as money

| January 17, 2012 | Articles: Insights

In this video Juan Ramón Rallo, economist and university professor in Madrid, and Alasdair Macleod of the GoldMoney Foundation talk about the role of gold as money. Rallo states that fiat money does …

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Austrian vs. Keynesian economics

| January 17, 2012 | Articles: Experts Talk

In this video Juan Ramón Rallo, economist and university professor in Madrid, and Alasdair Macleod of the GoldMoney Foundation talk about Austrian and Keynesian economics. Rallo sees growing …

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Spot Gold Rises with Dollar

Spot Gold rose to a high of $1647 per ounce Monday morning in London – 0.8% below last week’s peak – while stocks and commodities were broadly flat as markets absorbed Friday’s news of cuts to nine Eurozone sovereign credit ratings, while US markets were closed for Martin Luther King Jr. Day. “Spot Gold [however] is expected to fall to $1417 per ounce over the next three months,” warns Reuters technical analyst Wang Tao in the newswires Q1 2012 commodities outlook published Monday.” “[The] medium-term downtrend that started at the Sept. 6 high of $1,920.30 will continue.” Spot Silver rose to $30.10 per ounce – 0.9% up on Friday’s close. The Euro meantime […]

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Indian dealers remain optimistic about gold sales

Towards the end of 2011 India’s gold and silver imports fell. Upon conclusion of the festival season – which started back in October with the Diwali festival of light, followed by the wedding season – local dealers reported that demand for precious metals had decreased more than expected, owing to weakness in the rupee. Nevertheless, over the whole of 2011 Indian demand for gold jewellery increased by 5 to 7 % in comparison with 2010. Indian dealers remain optimistic for 2012, with locals expecting Indian gold jewellery sales to increase another 10 to 15% this year. This is good news for precious metals bulls, as India is the second largest […]

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Using vaults to store gold and silver

I consider gold and silver to be the bedrock asset of an investment portfolio. In other words, it is the foundation stone upon which the rest of a portfolio is built. Given this important role in which I hold the precious metals, it is essential to keep them safe. Safety can mean different things to different people. Until recently, for example, many investors believed that Switzerland was isolated from the world’s monetary turmoil. They therefore thought that the Swiss franc was a safe place to keep their money, but the illusion of safety vanished instantly when the Swiss National Bank announced that it would not let the Swiss franc strengthen […]

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Gold Stock Investors – Buy “Best of Breed”

When it comes to picking gold mining names in the current market environment, John Stephenson, author and portfolio fund manager at First Asset Investment Management, believes that buying the “best of breed” is the way to go. In this exclusive interview with The Gold Report, he explains his reasoning in light of how the current global economic environment is affecting prospects for the metals markets and valuations of mining company stocks. He also talks about his favorite picks in a range of three production classes and why he likes them. COMPANIES MENTIONED: AGNICO-EAGLE MINES LTD. – AURICO GOLD INC – BARRICK GOLD CORP. – GOLDCORP INC. – IAMGOLD CORP. – KINROSS GOLD CORP. – […]

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Precious metal prices firm following French downgrade

Though it has yet to break through selling resistance at $1,650, gold has recorded small gains in trading this morning following on from Friday’s announcement from Standard & Poor’s that they were going to downgrade France from a Triple A credit rating to an AA+. Friday the 13th was an apt choice of days for S&P’s decision, with the rating agency also cutting the ratings of Austria, Italy, Portugal, Spain, Cyprus, Malta, Slovakia and Slovenia. Markets received early inkling of this move, with the euro falling below US$1.27 during trading on Friday (though S&P’s announcement was delayed until after markets had closed). Short interest in the euro is now at […]

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New Era of Stability in Some African Countries

Christopher Welch, a mining analyst with Ocean Equities, has been crisscrossing the Atlantic for most of the last year. He tells The Gold Report in this exclusive interview that recent trips have bolstered his conviction that mining plays in Africa are being overlooked, but it’s not too late for investors to get in on the ground floor. COMPANIES MENTIONED: AUREUS MINING INC. – CONDOR RESOURCES PLC – KIRKLAND LAKE GOLD INC. – NYOTA MINERALS LTD. – RAMBLER METALS & MINING – SUNRIDGE GOLD CORP. – TORO GOLD LTD. The Gold Report: Most of your coverage universe at Ocean Equities consists of precious metals juniors with exploration- or development-stage projects. Why do you cover these types of companies? […]

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Gold Volatility Breeds Equity Opportunities

Volatility in the markets isn’t going away any time soon and Mike Niehuser, founder of Beacon Rock Research, expects 2012 to be a year of extreme swings. Niehuser draws parallels to the beginning of 2009, which was a short period of time that produced some very high returns. In this exclusive Gold Report interview, Niehuser shares his market outlook and names a host of companies that are positioned to take off. COMPANIES MENTIONED: ALEXCO RESOURCE CORP. – ARGENTEX MINING CORP. – AURCANA CORPORATION – GOLD PORT RESOURCES LTD. – HIGH DESERT GOLD CORP. – KISKA METALS CORP. – MINEFINDERS CORP. – NORTHERN FREEGOLD RESOURCES – REDSTAR GOLD CORP. – REVOLUTION RESOURCES CORP. The Gold Report: What was your […]

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How to handle the European debt crisis

| January 12, 2012 | Articles: Experts Talk

In this video Pedro Schwartz, professor of Economics at Madrid’s San Pablo University, and Alasdair Macleod of the GoldMoney Foundation talk about the debt crisis in Europe, with special …

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Legendary Jim Sinclair says A Big Surprise is Coming

| January 11, 2012 | Articles: Insights

Jim Sinclair explains how to get past emotion, how to make a smart investment decision and what he expects from gold & silver investments.

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Adam Smith: wealth is a product of hard work

| January 11, 2012 | Articles: Insights

Adam Smith is considered by many to be the father of modern economics. His treatise An Inquiry into the Nature and Causes of the Wealth of Nations is one of the bedrock texts of economic thought. At …

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