Tag: invest in gold & silver

Strong weekly close in Gold

Strong weekly close in Gold

Gold was able to close the week out on a very strong note, although some traders did decide to cash in some profits ahead of the weekend, after getting a nice run of some $65 off of last week’s close as of Thursday’s peak price. Even in spite of the light round of profit taking, gold still managed to put in a very solid WEEKLY close surrendering only about $15 off its best level of the week and closing within striking range of $1800, the top of the heavy resistance zone noted on the price chart. Take a look at the weekly chart shown below for an intermediate term view […]

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Learn why the Gold Price is Manipulated by Governments – Interview with GATA

In this video you will learn that the most Western governments have conflicting interests with Gold, which is a reason to manipulate Gold’s Price. Chris Powell  from the non-profit organisation GATA (Gold Anti-Trust Action Committee) puts this phenomenon into perspective and helps to see why this trend can soon change. Courtesy: FutureMoneyTrends and GATA  

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Interview With Rob McEwen from McEwen Mining – A Mid Tier Producer Of Silver and Gold

One of our long term recommendations U.S. Gold merged with Minera Andes to form Mcewen Mining (MUX) which has production out of Argentina, near term production in Nevada and Mexico with Gold Bar and El Gallo and a world class exploration land package surrounding Goldcorp in Argentina and along the Cortez Trend in Nevada. We have been a supporter of this business combination prior to the announcement. Remember Goldcorp acquired Andean Resources for its Cerro Negro property for over $3 billion dollars and this area has not yet been explored thoroughly. There is exciting potential of high grade gold in this district and we expect to hear news form Argentina […]

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Central Bank Buying Has Gold Shorts Trapped – Interview with Ben Davies

| February 26, 2012 | Articles: Insights

Today Ben Davies told King World News that a new buyer has come into the gold market. This buyer is very large and it has trapped some of the shorts in the gold market. Davies, who is CEO of Hinde Capital, also spoke with KWN about short-term price targets. Here is what Davies had to say: “Fantastic action indeed and I think it’s caught a lot of the participants in the market offside. When a market moves, as gold did, from structurally oversold and moves back quite quickly in the medium-term, particularly when a market is perceived to be in a bear phase, people are very keen to take to […]

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Ben Graham’s Curse on Gold

| February 23, 2012 | Articles: Insights
Ben Graham’s Curse on Gold

By David Galland, Casey Research It seems that the mainstream investment community only takes a break from ignoring gold to berate it: one of gold’s most outspoken critics, uber-investor Warren Buffett, did so recently in his latest shareholder letter. The indictments were familiar; gold is an inanimate object “incapable of producing anything,” so any investor holding it instead of stocks is acting out of irrational fear. How can it be that Buffett, perhaps the most successful (and definitely the most well-known) investor of our time, believes that gold has no place in an intelligently allocated investment portfolio? Perhaps it has something to do with his mentor, Benjamin Graham. Graham, author […]

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Gold Speaks Up

| February 21, 2012 | Articles: Insights
Gold Speaks Up

By Jeff Clark, Senior Precious Metals Analyst at Casey Research Have you ever had any doubts about gold? Does it sometimes feel like it should be performing better? Are you concerned about its volatility? Do you worry about how it might perform in the future? Have you ever wondered about its true purchasing power? Maybe nervous about a big drop in price again? I decided to go directly to the source to address these concerns: Gold himself. He put his arm around me and asked me to tell you a few things… I hear that you’ve had some worries about me. I understand. Your world is a very uncertain place […]

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Greek Default Risk will keep coming back despite deal

Gold Bullion prices jumped to $1747 per ounce Tuesday lunchtime in London – 1.3% above last week’s close – as US Markets opened for the first time since Friday to the news that European leaders have reached an agreement on Greece. Silver Bullion also spiked, hitting $33.97 per ounce – 1.9% up on the start of the week. European stock markets by contrast drifted lower in Tuesday morning trading, while the Euro gave back most of the gains it made against the Dollar immediately after the Greek deal was announced. Commodities edged higher, while US Treasuries fell. “Market reaction [to the Greek deal] has been remarkably muted so far,” one London Gold Bullion dealer […]

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Asian Gold Investment Driving Today’s Bull Market

Asian Gold Investment Driving Today’s Bull Market

Western Gold Investment demand remains far below levels seen in gold’s last bull market… Below is a useful chart from investment management firm GMO, showing Gold Bullion demand from Emerging Asia over the past decade, writes Gregor Macdonald. I would comment that here in the West, both Gold Trading and Gold Investment demand remain over-focused on quantitative easing, and track more closely the policy decisions of the Federal Reserve. To this point, it bears mentioning that OECD investment demand for gold still remains far, far below historical highs from 30 years ago. But the broader view suggests, in contrast, that reserve-accumulating economies in Asia are the larger drivers of demand, as they must offset their long exposure to OECD currencies. […]

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Video – Gold or Silver ?

Kitco asked the opinion of attendees on the Californian Resource Investing Conference if they prefer gold or silver. Listen to their (short) opinions. Courtesy: Kitco.com  

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Gold’s Wild Ride Leaves Explorers Ready to Grow

Lesser resource companies have been slowly starving to death since the capital faucet was turned off in 2008. What’s left? Some exciting, early-stage companies with management teams industrious enough to make it through with promising projects on the horizon. In this exclusive interview with The Gold Report, Tom MacNeill, CEO of 49 North Resources Inc., a Saskatchewan-focused resource investment company, discusses some names his firm is excited about, including some primed to debut on the public markets soon. COMPANIES MENTIONED: BARRICK GOLD CORP. – BATERO GOLD CORP. – DNI METALS INC. –GOLDCORP INC. – TEMBO GOLD CORP. – WESTCORE ENERGY LTD. The Gold Report: What sort of year are you expecting for gold? Tom MacNeill: The recent pullback is […]

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Buy Gold? Or Follow Warren Buffett?

The Sage of Omaha reckons those who Buy Gold are making a sterile investment. But his alternative looks like a terrible bet… SORRY Warren Buffet. This is where we part company, writes Bill Bonner in his Daily Reckoning. Here’s the Sage of Omaha, explaining, in Fortune Magazine, why bonds are dangerous: Investments that are denominated in a given currency include money-market funds, bonds, mortgages, bank deposits, and other instruments. Most of these currency-based investments are thought of as “safe.” In truth they are among the most dangerous of assets. Their beta may be zero, but their risk is huge. Over the past century these instruments have destroyed the purchasing power of investors in many countries, […]

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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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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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James Turk: Silver, the next Apple?

| January 6, 2012 | Articles: Experts Talk

More downbeat economic news from Europe yesterday sent the euro down to $1.2790. As The Wall Street Journal points out, this is the single currency’s lowest level against the US dollar since …

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