Historically, silver has been considered a second-tier precious metal. Valuable for sure, but not as prized as its yellow cousin. Yet according to recent market trends, precious metal investing seems to have a new silver lining. In a recent forecast of the 2013 and 2014 markets published by the Silver Institute, financial consultancy Thomas Reuters…
Fed Says Tapering Could Happen ‘In Coming Months’
Highlighting the FOMC’s October meeting was talk about quantitative easing, which comes as no surprise. What may come as a surprise is that policy makers were pondering a date in which to begin tapering from its current $85 billion monthly rate, meaning tapering could happen sooner rather than later. Nine of 10 Fed members voted…
Yellen Talks Gold at Senate Hearing
Fed Chair nominee Janet Yellen spoke briefly about gold prices today during the Q&A session with the Senate at her confirmation hearing. After the opening statements and answering questions regarding employment, quantitative easing and the monetary policy, Senator Dean Heller of Nevada asked Yellen if she knows why gold prices fluctuate and if the economy…
Gold Tests Upper Resistance, Slips
After gold hit a low under $1200 in late June, the metal seemed to be in recovery mode for the rest of the summer. Through August, September and October, gold trended upward and tested important resistance levels of $1350 – $1360. At the end of October, gold once again broke above $1350. The rally off…
Weak Economy Halts Taper Talk
To nobody’s surprise, the Federal Open Market Committee will continue its monthly bond-buying program due to a weak economy. With the labor market reporting its lowest gains in six months, the FOMC statement said the economy has maintained the same “moderate” pace reported in September. As a result, the $85 billion-per-month in asset purchases will be…
Investigation Into Silver Market Manipulation Closed
Late last month, the U.S. Commodities Futures Trading Commission announced it was closing its 5-year investigation into silver market manipulation. The CFTC’s Division of Enforcement, which spent an astounding 7000 hours investigating claims of market manipulation, explained in a press release on September 25 that “there is no viable basis to bring an enforcement action…
