In our last market analysis, we noted that gold continued to struggle. After bottoming at around $1170-$1180 in June, the metal rallied to retest resistance levels of $1350 in late October. Since this peak, gold has slid back to the low-mid $1200 range on a variety of factors, the most notable being jobs and Fed…
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…
Stacking Savings: Using Gold and Silver to Get Out of Debt
With the turbulence in the American economy the past few years, consumers have changed their ways, shifting their priorities from spending to saving. But with historically low interest rates, putting your hard-earned money into a savings account is hardly worth it. So how can you get out of debt? Switching your mindset from spending to…
Short vs. Long-Term Gold Investors: Understanding Market Players
The gold plunge in April was no secret. It shed more than $200 an ounce and suffered its worst moment in 30 years. If you heard about the historic fall through the major networks, you may have ascertained that investors had given up on gold and moved their money into stocks, dollars and other investments….
Trouble Brewing for Investors of Gold and Silver With HR 684?
If you’re an investor of gold and silver bullion, the “Marketplace Fairness Act of 2013” will interest you, but for all the wrong reasons. The bill that would force online and catalog retailers in all states to tax purchases during transactions has passed through Senate and is now in the House (HR 684). Local businesses…
Texas Hoping to Eliminate Sales Tax on Gold and Silver
“Everything’s bigger in Texas” with the exception of sales tax on precious metals, as Texas is “fixin to” become the first state in the country to completely abolish the tax on gold and silver coins. Currently, Texans are paying 6.25 percent on all gold and silver purchases of less than $1,000, but the Texas Senate…
