Gold and silver prices are always great water cooler talk, but when prices plunged over the course of two nail-biting days in April, it became the conversation across the globe. The precious metals industry held its collective breath as gold dropped $225 between Friday, April 12 and Tuesday, April 16. By the time prices stabilized,…
Mass Sell-Off, Gold and Silver Prices Plunge
Last Friday and this Monday, gold and silver experienced staggering losses. Over the past few months, we’ve seen both precious metals maintain overall tight ranges. Gold’s floated around $1600, while silver held in the high twenties. Yet Friday’s metaphorical bloodbath sent both metals on a downward spiral. In that day alone, gold slid $84 —…
Silver Market Technical Analysis: Low Trendline Suggests Rally
Some investors prefer silver bullion to gold for several key reasons. Lower cost, ratio-to-gold prices, and a high industrial demand are the most common. Yet like gold, silver has struggled in the first quarter of 2013, sliding more than seven percent since the first of the year. Many would argue silver is in a bear…
Gold – The Impact of Positive Economic News
As we near spring and head into “March Madness,” better-than-expected numbers on retail sales and unemployment in the U.S. has led to a slight sell-off in gold. As of this writing, gold stands at just under $1600 per ounce – so far this year, gold is down about 5% from its close on December 31,…
2013: Copper Starts Strong, Weakens Thanks to Broader Selloff
After kicking off the year with better-than-expected trade data from China — and slow, ongoing economic recovery in the US — copper teamed up with other commodities in a sharp selloff last week. By market close on Friday, copper had retreated from its February high of $3.7820 per pound. During the first half of this…
Price Controls & Manipulation: Factors that Impact the Price of Gold and Silver
A major driving force behind gold and silver’s multi-year rally is the printing of money by central banks around the world. Since 2008, literally trillions of new dollars (currency) have been created in the hopes of resuscitating the besieged stock and housing markets. This inflation has placed upward pressure on gold and silver. In 2008…
