Latest Gold & Silver Price News

Gold vs paper money

Gold vs paper money

The gold price just broke through its downtrend – the line joining its tops – from summer 2011’s record high. Or so technical analysts studying the price charts will tell you, says Adrian Ash of BullionVault. Just as in late 2007, however – from where gold began a 55% run inside 6 months – the price jumped Wednesday on a very fundamental fact: the price of money, specifically Dollars, the world’s #1 currency for trade and central-bank reserves. Back in 2007, the catalyst came as a baby-step cut of 0.25%, signaling the Fed’s switch from raising to destroying the returns paid on cash savings. Now the Fed’s new zero-rate promise “took gold […]

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Demand to Buy Gold continues to push prices higher

Demand to Buy Gold continued to push prices higher Thursday morning in London, with bullion setting new 7-week highs against all major currencies after the US Federal Reserve vowed to keep Dollar interest rates at zero until at least 2014 – one year later than previously promised. London’s AM Gold Fix was set at $1713 per ounce today, more than 3.8% higher from Wednesday afternoon and the highest level since Dec. 8th. Wednesday saw the most-active US gold futures contract enjoy its heaviest volume in six weeks according to Amanda Cooper at Reuters. Investors wanting to Buy Gold exposure added 9 tonnes to the holdings of the New York-listed SPDR Gold Trust, whose assets rose to […]

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Stand By $140 Silver Price In 2012

Stand By $140 Silver Price In 2012

There is a well-established relationship between how silver and gold trade. They often trade similar in the same time period, but also at similar milestones, although those milestones are sometimes reached at different times. This can cause silver or gold to be the leading indicator, depending on the particular milestone. I have previously used this relationship to predict how silver will trade. Below, is an extract of that update: Currently, there is another situation in the silver and gold market that provides an opportunity to predict how silver prices might trade over the coming months. I have pointed this out before, in a previous article. Here, I would just like to […]

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Yesterday’s Gold Chart – updated

Yesterday’s Gold Chart – updated

Gold shattered overhead resistance near $1680 and has continued higher as momentum based buying is coming in driving out panicked shorts who were hoping for a halt in the advance to occur as the market encountered bullion bank selling originating at $1680. The FOMC made that a mirage as a zero interest rate environment for the next two years means an environment in which it pays to own gold. The yellow metal pays no interest but at this point, neither do short term Treasuries and those offer no protection from currency induced price increases. Just look at what is occuring across the commodity sector today as hedge funds now push the […]

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Investing in silver rounds may help you in eradicating debts

| January 26, 2012 | Articles: Insights

It has been observed that more than half of US citizens are under the burden of personal debt. Thus methods of debt reduction are gaining increased importance. Investments in silver bullion rounds are one of the best methods for gaining some extra money. You can use this money to pay off your debts. When you are investing in silver rounds, you should buy your rounds from a reputed source so that you know you are investing in pure silver. This is necessary so that you can get worthy return of your money. Below mentioned are three types of silver rounds that are the best and most reliable investment. 1. Silver […]

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Peter Schiff on yesterday’s action in gold & silver : The real state of the Union

Peter Schiff explains in this video what yesterday’s announcement of US Fed really means and why gold & silver soared with the news.

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Jim Sinclair about yesterday’s action in gold & silver: mainstream entities will now enter gold market

With gold and silver exploding to the upside on the Fed announcement, today King World News interviewed legendary Jim Sinclair, to get his take on where things are headed. Sinclair told KWN he now expects mainstream entities to enter the gold market. Here is what Sinclair had to say: “Today is an important day. There are many days we talk but this is a mile-marker. What the Fed did today is they turned on the light of what will be QE to infinity. Today the light went on with regards to the intentions of the Fed. They did that for very specific reasons, we have troubles people can’t see and […]

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Fed Announces Record Low Interest Rates Until Late 2014 and Commodities Soar

Presently we notice the European Central Bank is pumping money into the sovereign institutions following the precedent of the U.S. Federal Reserve.  Indeed, this move is an admission that debt is being monetized before our very eyes.  Once again the lemmings have jumped off a cliff into what they mistakenly thought was a safe haven.  Isn’t that the name of the game, which is to get you to swing at the wrong pitch at the wrong time?     As we write, the Federal Reserve has announced the expansion of the future horizon of record low interest rates from mid 2013 until late 2014. This rally from October 4th, 2011 […]

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Another Chance to Sell Common Stocks and Buy Precious Metals

Another Chance to Sell Common Stocks and Buy Precious Metals

It has been a tough last year for precious metals investors but not so much for common stocks. Sure, the Euro crisis benefited Gold initially but as the panic has abated, stocks are rallying back to their highs while Gold has sold off and the gold stocks are trying to hold their lows. What is going on? Are we in the twilight zone?Bull and bear markets are long lasting, providing ample time for trends and counter trends to continually reappear and redevelop. The long-term activity of precious metals and common stocks is not a mystery. Gold has continued to hit all-time highs while the gold stocks eclipsed and maintain 2008 […]

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‘Mania’ in Junior Mining Stocks Predicted

Fayyaz Alimohamed, CEO of Altair Ventures Inc. and publisher of the Acamar Journal, offers historical perspective and predictions on the global economic crisis. In this exclusive Gold Report interview, he foresees a “mania” in junior mining stocks and recommends holding physical gold outside the banking system as a safety net. COMPANIES MENTIONED: COLOMBIA CREST GOLD CORP. – CORAL GOLD RESOURCES LTD. – GREAT PANTHER SILVER LTD. The Gold Report: Fayyaz, in June 2008, using readily available economic data, you wrote that the global economy was on the verge of financial collapse. What do those sources tell you about where the global economy is headed today? Fayyaz Alimohamed: In November 2006, I predicted that the U.S. was headed […]

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A Swiss Signal to Buy Gold

Investors were given a major signal to Buy Gold on December 21 2011,writes Porter Stansberry for the Daily Wealth. It was on that day that the European Central Bank (ECB) “loaned” roughly €500 billion to Europe’s major banks at 1% interest. This capital will allow all the big banks to report adequate capital ratios when they file their annual reports…which is code for “getting a huge bailout.” Whatever you want to call it, simply know this: There will not be a deflationary collapse in Europe. The Euro will not collapse in the near term. Instead, Europe will see a gigantic increase in its money supply. When asked by the Financial Times if there […]

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Gold is money?! Indians to pay for Iranian oil with gold

Markets enjoyed another “risk on” day yesterday, with stock markets and commodities all recording gains on the back of a weakening US dollar. The Dollar Index fell below 80, with the gold price also benefiting from increasing brinkmanship between Iran and western nations, with the European Union announcing the implementation of an embargo on Iranian crude oil. Comex gold futures for February delivery gained 0.9% to settle at $1,678.30 per troy ounce. Silver for delivery in March gained 1.9% to settle at $32.27 per troy ounce – another solid day for the white metal, though it keeps banging up against selling resistance around $32.50. Greece is once again the topic […]

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Dollar’s Influence on Gold

Dollar’s Influence on Gold

In our previous essays, we emphasized that the long- and short-term trends for gold are up. In today’s article, we will feature the current situation in the USD and Euro Indices and in the general stock market. After analyzing each of them, we will move to implications for the precious metals investors. Let’s start with the analysis of the USD Index (charts courtesy by http://stockcharts.com.) Our first chart this week is the very long-term USD Index chart. We see little change in the situation since last week. There has been no confirmed breakout above the late 2010- early 2011 highs and the long-term trend remains down. In the short-term Euro Index chart, there […]

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Fear Index shows that gold is undervalued

| January 25, 2012 | Articles: Insights
Fear Index shows that gold is undervalued

The year 2011 ended on a very weak note for the price of gold, which tested support near the lowest levels since August as the precious metal slid below $1,550. This movement even drove the GoldMoney Fear Index below 3% as US M3 continued to rise, surpassing $14.4 Trillion. The downward path of gold since the September highs immediately prompted cries that the “bubble was bursting” from every corner of the financial press. They could not be more wrong. Neither a rising price, nor anecdotal reports of increased buying are in any way proper evidence of a bubble. If we ignore the chatter and actually look at empirical data, it […]

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