Latest Gold & Silver Price News

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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How to Find the Best Junior Gold Stocks

Speculating and investing in this sector is difficult. It is a far more difficult industry than others and that is why companies continue to struggle and fail even with the luxury of high metals prices. We’ve written extensively about the recent major bottom in the precious metals sector and the very positive outlook for the equities in 2012 and likely 2013. One can make money if they buy and hold a mutual fund or ETF but they can generate far superior performance with a basket of the right companies. The following explains what we look for in order to uncover the juniors that will deliver outstanding returns. Capital Structure Capital […]

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Is gold in a bubble?

Every once in a while a bubble forms in a market. Bubbles can occur in any market, whether stocks, commodities, real estate or as we know from history, even tulip bulbs. Market bubbles are, as the name implies, unsustainable. They are manifest by inflated prices that go up and up to achieve unthinkable levels for a while, and in some cases, for a very long while. But like their soap-bubble counterparts, market bubbles clearly lack durability. They can pop at any time. So inevitably, the bubble pops, with the unfailing result that prices thereafter quickly drop back to earth. In essence, bubbles are nothing more than an emotional frenzy in […]

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Gold Prices decline further as “crunch time” arrives for Greece but Gold now more of a Safe Haven than in Nov and Dec

Gold Prices continued to fall Monday morning in London, hitting $1713 per ounce by lunchtime – 2.8% down on last week’s high – as stocks and commodities also ticked lower, while US Treasury bonds gained. Silver Prices dropped to $33.09 per ounce – 3.9% down on the high from last week – as uncertainty grew over the long-running Greek debt issue. Gold Prices began their downward move on Friday following the publication of better-than-expected US nonfarm jobs data. Stock markets by contrast rallied immediately following the release. “[The fall] may serve as a warning of an interim top,” reckons Russell Browne, technical analyst at bullion bank Scotia Mocatta, adding “there is key support at […]

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Indian Investors Keen to Buy Gold and Silver

Following growing interest from small investors in India, Indian Commodity Exchange, which started operations in late 2009, is to soon introduce micro volumes of gold and silver contracts of up to 1 kilo each, writes MineWeb‘s Shivom Seth in Mumbai. The Exchange is a screen-based on-line derivatives exchange for commodities. At the end of last year, it had recorded one of its highest volumes in physical delivery of bullion (gold and silver) on its platform. “With the spurt in the demand of gold and silver in recent times, commodity exchange trading in these precious metals has surged in India, which is arguably the world’s largest bullion market. Delivery as a percentage of average […]

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Gold Juniors Poised to Rebound

Economics and politics. Accretion and repletion. Mergers and acquisitions. Joe Mazumdar, senior mining analyst with Haywood Securities, sees all of these as catalysts for a rebound in the junior gold space in 2012. In this exclusive Gold Report interview, he reveals the names of companies he expects to take off. COMPANIES MENTIONED: BARRICK GOLD CORP. – CARPATHIAN GOLD INC. – GABRIEL RESOURCES LTD. – MIDAS GOLD CORP. – MIDWAY GOLD CORP. – NEWMONT MINING CORP. – ORVANA MINERALS CORP. – PRODIGY GOLD INC. – REVOLUTION RESOURCES CORP. – ROMARCO MINERALS INC. The Gold Report: What is the consensus among Haywood analysts on what 2012 will bring for mine commodities, particularly precious metals? Joe Mazumdar: Last year, risk aversion was a […]

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Local Top in Mining Stocks Might Be Just Around the Corner

Local Top in Mining Stocks Might Be Just Around the Corner

This December gold prices swooned by more than 10 per cent in their biggest monthly fall since the collapse of Lehman Brothers. For some insecure gold investors it was like a bad dream. They were happy to wake up to a bright, crisp January whose performance was more than enough to warm the heart of any gold investor. It was the metal’s strongest starting month in 32 years giving a resounding answer to those who wondered if the 11-year rally in gold had ended (and they always seem to come out of the woodwork every time gold experiences a correction.) Gold rose 11 percent in January, taking off like an […]

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David Morgan video: The great silver market myth

The silver expert who deserves a lot of respect for his insights & knowledge David Morgan, published this highly recommended video. In the video, Mr Morgan reveals a myth about silver : the global reserves and production of silver are much much smaller than most people think. So consequently, what would happen if everyone in the United States (as an example) would purchase just a little bit of physical silver ? That’s right, the price would skyrocket as demand would far outpace supply. So let’s do the exercise if 1/3d of the world population would buy a little bit of silver … yes indeed, it’s time that everyone on a […]

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Special interview with David Morgan & Chris Duane: $500 Silver & hyperinflation in the US

A very insightful interview with two specialists in silver: Chris Duane & David Morgan. You’ll hear why it’s quite realistic that silver will reach 500 dollar in the (near) future and how you have to look at silver in order to protect yourself. Courtesy to Chris Duane & David Morgan (www.silver-investor.com)  

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Corrective Action in Gold is Prelude to Bullish Explosion

With gold trading roughly $35 lower, silver down nearly $1, today King World News interviewed James Turk out of Spain. Turk told King World News that this corrective action in gold and silver is healthy and a prelude to a major bullish move to the upside. Here is what Turk had to say about money on the sidelines and where gold and silver are headed: “Sooner or later that money is going to realize the train is pulling away from the station. Whether this money comes in next week or the week after, I do very much like this trading action. I’m very bullish here short-term on gold and silver, […]

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Gold Silver ratio screams buy silver

Dominique de Kevelioc de Bailleul: If ever a chart signaled a time to buy, it’s the silver chart. Breakouts are everywhere, with the big one at $37 still ahead of us. Then there’s nothing between that price and $50. But it may get much better, of course. Silver investors are already aware of the explosive moves in the metal. The chart (gold:silver ratio), below, serves as a visual reminder of how wild the runs can get when compared with the more tame precious metal cousin, gold. Read full article on ETF Daily News

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