Latest Gold & Silver Price News

Is the copper price telling what to expect from gold’s price

Is the copper price telling what to expect from gold’s price

Copper just “broke out” to its highest level in more than three months… One of the great investment debates of 2012 revolves around the global economy. On one side, you have folks who believe governments in the US, Europe, and China will be able to “goose” their economies with easy credit and low interest rates. This would support stock, bond, and commodity prices. On the other side, you have folks who believe a huge recession is in the cards… no matter what governments do to prevent it. This would send stock, bond, and commodity prices lower. We say consider both sides of the argument and form your own opinion… but […]

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Gold Bullion Up in Dollars, Down in Euros for Week

US Dollar Gold Bullion prices fell to $1646 per ounce Friday lunchtime in London – a 1.4% drop from the week’s high – as China prepared for the week-long Lunar New Year holiday next week. Commodities also traded lower, while stock markets were broadly flat overall. Prices for Silver Bullion dropped to $30.39 per ounce – though still 2.0% up on last week’s close. “As we approach the holiday, the usual Asian physical activity has decreased significantly,” says one Gold Bullion dealer in Hong Kong. “We expect this pattern to continue next week,” adds a dealer here in London, noting that with the Shanghai Gold Exchange closed, a large part of the global physical Gold Bullion market will […]

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North Sudan to introduce new gold and commodity trading platforms

Ever since Christian South Sudan declared its independence in July 2011, the Islamic government of North Sudan has urgently been looking for new sources of income. With South Sudan’s independence, Khartoum – seat of the northern government – has lost almost two thirds of its crude oil revenues. As a result, the North has been encouraging gold exploration and mining activities, in the hope of using this to compensate for the lost oil revenue. Therefore, the Khartoum stock exchange – currently a rather small market – is planning to significantly expand its activities by offering trading in gold and other commodities. Following the end of civil war in Sudan in […]

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Why China has become key to the Gold Price

Why China has become key to the Gold Price

The growth of China’s role in the world gold market has been nothing short of phenomenal over the last dozen years, writes Julian Phillips at GoldForecaster. Prior to this century, HSBC sent a delegation from their London gold department to see the Chinese financial authorities and were rebuffed as ‘trying to sell gold to China’. Since then, the Chinese financial authorities switched on and set off with a purpose. In 2001, the Chinese government lifted its final controls on the gold market, releasing a pent-up demand that since then has become stronger. From 2001 to 2010, China’s annual consumption of gold grew at a 7.5% compounded annual growth rate. The chart below […]

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Gold price benefiting from QE speculation

Signs of a decelerating global economy will likely prompt central banks to take drastic new measures in terms of fiscal expansion. This is especially true for China, where GDP growth continues to slow. Market participants also suspect that the US Federal Reserve may be edging closer to announcing more quantitative easing, in an effort to help the economic recovery in America. This speculation has led to gains in the gold price, which climbed as high as $1,667 per troy ounce in trading yesterday – although it lost some of these gains later in the day. Nevertheless, this marked a new five-week price high which could open the way for more […]

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Central banks huge gold buyers in 2011

Gold had a solid day yesterday, closing the Comex pit session above important resistance at $1,650 per ounce. Silver for March delivery also finished above $30 per ounce. At the currency markets the US dollar weakened slightly, with the Dollar Index losing 0.36% to close at 81.18. This helped solidify recent gains in crude oil prices, with WTI crude now back above $101 a barrel. With negotiations still on-going between the Greek government and its private creditors and the situation in Hungary looking increasingly fraught, the World Bank has warned that developing nations should prepare for a slump in economic activity comparable to the 2008/09 downturn. Though the Bank’s chief […]

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Recovery In Mining Stocks? Breakouts Out Of Downtrends And Bases Beginning

The end of 2011 and the beginning of 2012 greeted investors with spooky market stories to scare investors. A prominent cartoon in the Wall St. Journal depicted a pretty lady shrieking, “The DOW Sank 17%”. Another balloon read “The US Loses Its AAA Rating”. She is screaming, “Who Will Fix Europe?”. Another caption reads, “$71 Billion Yanked From U.S. Stock Mutual Funds”. Another hysterical cry exclaims, “I Want Treasuries!”. As if that cartoon wasn’t enough to scare readers, the headline read, “Spooked Investors Seek Safety: Volatile Quarter Leaves Market Victims Wondering What Is Next”. Another ghastly pronouncement we wrote in early October to the surprise of many was, “Beware Of […]

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Derisking Gold Juniors, Step by Step

If you’re among the many who consider investing in the junior resource sector nothing more than a crapshoot, look into Ahead of the Herd Publisher Rick Mills’ steps to derisk the inherently risky business of investing in junior resource companies. In this exclusive interview with The Gold Report, Mills not only spells out the steps involved in the derisking process, but also cites specific examples of juniors he especially likes and discusses the features that put them ahead of the herd. COMPANIES MENTIONED: ALTAIR VENTURES INC. – AURIZON MINES LTD. – BRIGUS GOLD CORP. – CANGOLD LTD. – KOOTENAY GOLD INC. – NIOGOLD MINING CORP. – TERRACO GOLD CORP. – VMS VENTURES INC. The Gold Report: We have seen […]

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Gold has Resistance at $1667/oz

Dollar prices to Buy Gold rallied to $1658 per ounce Wednesday morning in London – 0.8% up on Asian session lows – following reports that the International Monetary Fund is seeking to boost its lending capacity by $1 trillion. European stock markets also recovered from an early dip, with industrial commodities also edging higher. Prices to Buy Gold remained below the five-week high of $1667 hit yesterday, though by Wednesday lunchtime it was up 1.0% for the week so far. “Gold is working on its third up week,” says the latest market commentary from technical analysts at Scotia Mocatta. “[Gold] faces critical resistance at $1667 [which] was the mid-November low. Our view is that […]

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Our exponential debt system

| January 18, 2012 | Articles: Insights

The word “debt crisis” has made it into everyone’s vocabulary by now. People are talking about how we were “living beyond our means” and are debating how spending cuts, …

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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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