Due to the strong impact gold prices have on interest rates and government bond rates, many analysts believe the price of gold has been manipulated by bullion trading banks, central banks and the U.S. Government. While this certainly isn’t the first we’ve heard about manipulation in the gold market, it’s the first we’ve chosen to…
Friday Sees Biggest One-Day Advance for Gold since August
Precious metals have certainly taken a bruising in the last few weeks…in May alone, gold slid approximately 6%. But this past Friday, the 1st of June, witnessed a dramatic rally for gold and precious metals in general. By closing time on Friday, gold broke the $1600 barrier, climbing 3.7% ($57.90) to $1622.10. Silver too had…
Data on Gold Demand Indicates Bubble Not Likely
There are times when a certain asset or investment is all the rage. Then one day, bam, the bottom falls out…economists, analysts and investors refer to this as a bubble. A bubble is precisely what occurred in the real estate market in the last decade. It also in fact occurred in the gold markets back…
Gold Hits 4-Month Low Following Euro Slide
For a short bit Tuesday, gold slid 2% to below the $1600 mark. The drop marks an 8-month low for the yellow metal. Silver too was beaten by day’s end. As of 5:00 PM Eastern on Tuesday, it was down to just below $29.50. Even though it seems gold has been stuck in a rut…
Gold & Silver Tumble to 3-Month Lows on News from Fed
Following news that the Federal Reserve is ceasing its economic stimulus program known as Quantitative Easing, the gold, silver and even equity (stock) markets took a tumble. Gold in fact dipped 4.2% to a 3-month low while silver was off by about 2% this past Wednesday, April 4th. This announcement from the Fed is seen…
Palladium – A Soft Silver-White Metal with Great Investment Potential
As you know from reading this blog and other information on precious metals, these commodities have experienced an exponential growth in interest over the last few years. Economic uncertainty coupled with governments’ response to it has fueled a tremendous bull market in metals like gold and silver. But an often overlooked metals investment – palladium…
