Latest Gold & Silver Price News

Gold Prices “Being Driven by Investment”

Fundamentals are important in the long run, says Paul Walker, global head of precious metals at consultancy Thomson Reuters GFMS. Over the short run, however, silver and Gold Prices are being driven by investment and low or negative real interest rates, as he explains in this interview with MineWeb’s Geoff Candy. Geoff Candy: me live from the 2012 Mining Indaba in Cape Town is Paul Walker. He’s the global head of precious metals at Thomson Reuters GFMS, and is according to his presentation a lapsed fundamentalist. What exactly does that mean in the context of precious metals? Paul Walker: Well I think it means that when you look at the […]

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Gold Price – Choppy trading pattern continues

Gold Price – Choppy trading pattern continues

Gold currently seems unable to better the level near $1750 which is proving to be rather stubborn. There appears to be a bit of a headwind arising from lingering fears about Greece and a potential slowdown impact on the global economy as debt issues remain in the back of traders’ minds. That was trumped the other day by Chairman Bernanke’s promise of another 18 months or more of free money but in today’s session, apparently the effect has been somewhat muted. I am noticing that equities are lower today and the Dollar has managed a bit of a bounce with bonds moving up slightly off of their worst levels of the session and […]

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Bernanke speaks, gold rises

When perma-bear economist Nouriel Roubini turns bullish on the stock market, it’s wise to sit up and take notice. In the words of Gina Sanchez – director of equity and allocation strategy at Roubini’s firm – “We’re a believer; we’re celebrating. We think the rally has legs”. Silver is responding particularly well to the increasingly bullish sentiment, with the price breaking above $34 per ounce in trading yesterday afternoon. As can be seen from this chart for the ETF SLV, volume remains subdued in comparison to much of last year – meaning that the silver price is vulnerable to painful corrections, as well as dramatic spurts higher. As Dan Norcini points out at his […]

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Gold Prices Driven Higher by Europe and China

Preserving wealth in a volatile political and financial world is a job for gold. Greg Weldon, publisher of Weldon’s Money Monitornewsletter and Grant Williams, a portfolio advisor at Vulpes Investment Management in Singapore, will share their insights at the Cambridge House California Investment Conference Feb. 11–12. In this exclusive interview with The Gold Report, they answer the question: How low and high can gold go? The Gold Report: Recent headlines continue to focus on the debt crisis in Europe as more countries are having their debt downgraded. Greg, you have diagnosed the problem as credit addiction and said that the European Union won’t be able to recover until leaders take painful measures necessary to […]

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Will China Continue to Buy Gold?

| February 8, 2012 | Articles: Insights
Will China Continue to Buy Gold?

“Nobody rings a bell at the top or bottom of a market,” the old saying goes. Yet anyone reading about the veritable stampede to Buy Gold during last month’s Chinese New Year celebrations might have heard a faint ringing in their ears, writes Ben Traynor at BullionVault. Here are a few quotations from various press sources: “Some customers just walk in and buy a bunch of 100g gold bars all at once…Companies come in too to Buy Gold bars for presents.” – branch manager, Industrial and Commercial Bank of China. “Some companies are giving out gold instead of cash to their employees” –Jia Zhihong, jeweler, Wuhan. “With customers crowding and rushing in, we did not even have time […]

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Gold Bullion steady today as Dollar falls

Gold Bullion prices held steady just below $1750 per ounce Wednesday morning – 2.2% up on yesterday’s low – after rallying the previous day following comments from US Federal Reserve chairman Ben Bernanke. Silver Bullion eased slightly this morning after hitting $34.55 per ounce – its highest level since November 16. “Gold faces significant resistance at $1766, but above that look for $1778-1798,” says one Gold Bullion dealer here in London. The S&P 500 hit its highest level in over six months Tuesday at 1349.24 – 25% up on last October’s low. Gold Bullion meantime is up 9.6% over the same period. “I’m very bullish on the [stock] market,” says Laurence D. Fink, chief executive […]

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Gold’s Rise Will Shock Market Participants This Year

With gold trading roughly $30 higher and silver breaking solidly above the $34 level, today King World News interviewed John Embry, Chief Investment Strategist of the $10 billion strong Sprott Asset Management, to get his take on where he sees gold and silver headed from here. Embry told KWN this will be, by far, the strongest year for gold during this entire bull market. Here is what Embry had to say about the situation: “The fact that sentiment is so poor with gold at these levels just indicates that people don’t realize what’s really unfolding. I think the price action to begin the year has been exemplary. It was interesting […]

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Notes on today’s Silver Chart

Notes on today’s Silver Chart

Silver is responding to the “Free Money” environment being maintained by the Fed to keep the US economy limping along as it shot higher when the Dollar dropped lower and fell below the 79 level on the USDX chart.It is once again knocking on the door of a heretofore very stubborn level of chart resistance that begins at today’s high and extends into the region just north of $35. If silver is going to mount a breakout move and start a trend higher, the bulls must beat back the selling that is going to come in at this level. If they do, they have a very good shot at a […]

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Video – David Morgan interviewed sharing insights & tips about gold & silver

David Morgan was interviewed by Kitco. He shares some insights in how you need to look at gold & silver, what it means for you, what it could mean to society by setting it as a monetary standard. Courtesy to Kitco.com and David Morgan from www.silver-investor.com  

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Crunch time in Greek debt talks

Markets are caught between joy and disconsolation at the moment. On the one hand, they know that central banks are committing to ever-greater money creation efforts in order to keep the present economic show on the road – and Mr Market loves nothing more than free money. But as long as the shadow of a disorderly Greek default persists – along with the possibility that more peripheral eurozone nations will also be forced into a similar position – bulls can’t rest easy just yet. As Reuters reports, Greek political leaders face “crunch talks” today over a rescue package that must be approved by eurozone governments, the European Central Bank and the […]

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Indian gold demand declining

Following improvements in US unemployment data, both gold and silver prices faced sales pressure. Should the US labour market continue to show signs of recovery, this may reduce the likelihood of the Federal Reserve engaging in more quantitative easing. According to America’s Bureau of Labor Statistics, official unemployment figures have dropped to 8.3% – the lowest rate since February 2009. Due to this development, by the end of last week both gold and silver prices came under selling pressure, with traders looking to buy back into equities and more people doubting the likelihood of further QE from Bernanke and the Fed. Nevertheless, critics argue that the official US unemployment rate is only […]

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Mining Stocks and the Gold Price

SO WHEN might a rising Gold Price actually lead to rising stock prices for companies with quality projects and solid treasuries? In this interview with The Gold Report, Outstanding Investments editor Byron King shares his roadmap. The Gold Report: Byron, anyone who reads your reports knows two things: you like to tell stories and you like precious metals. The Gold Price has spent the last 11 years trending higher. Do you see it continuing upward? Byron King: I anticipate that gold, silver and platinum will all continue to rise in price. There are currency-driven reasons why metal prices are going to keep rising, as well as other issues with overall supply and falling production. In terms of production, […]

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Gold Price to Hit $5,000 in 24 Months & Silver $166

Today Egon von Greyerz told King World News that central planners may very well fail at their attempts to save some troubled banks. Von Greyerz also surprised KWN by predicting gold will climb to $5,000 and that silver will hit $166 in the next 24 months. Egon von Greyerz is founder and managing partner at Matterhorn Asset Management out of Switzerland. Here is what von Greyerz had to say about central bank activity and how it will impact gold and silver prices: “If you look at every central bank in the world they are in an absolute mess and they need to print unlimited amounts of money. So we will […]

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Finding Fundamentals Key to Gold Investing

The market isn’t rewarding fundamentals just yet for precious metal miners, according to Byron King, editor of Daily Resource Hunter, Outstanding Investmentsand Energy & Scarcity Investor published by Agora Financial of Baltimore. But in this exclusive interview with The Gold Report, King maps out when rising gold prices will actually lead to rising stock prices for companies with quality projects and solid treasuries. COMPANIES MENTIONED: BARRICK GOLD CORP. – CARLISLE GOLDFIELDS LTD. – GOLDCORP INC. – IAMGOLD CORP. – MINEFINDERS CORP. – NEWMONT MINING CORP. – NOVAGOLD RESOURCES INC. – RESERVOIR MINERALS INC. The Gold Report: Byron, anyone who reads your reports knows two things: you like to tell stories and you like precious metals. The gold price has spent the last […]

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