As we head into the final quarter of 2012, it’s time to take stock of what’s going on in the gold and silver markets. In the third quarter—August and September specifically—both metals saw tremendous gains from their summer lows. At the beginning of the third quarter (July 1), gold hovered around the $1600/oz mark for…
The Bulls Are Back: Several Factors Lead to Gold and Silver Rally
In our last market update, we discussed the current state of the gold and silver markets, and how they’ve experienced a slight uptick since both the metals’ lows. For months, gold seemed to languish in the $1600 range, while silver hovered around $28 per ounce. Many wondered what in the world was going on, while…
Gold and Silver See Slight Uptick in Waning Days of Summer
Summer is winding down, the kids are returning to school, and gold and silver are trending up! Over the last several months, it seems to the untrained eye that these popular metals have taken a real beating and their best days are behind them. One year ago, gold jetted above $1900 per ounce and seemed…
Copper Outpacing Gold, Silver in 2012
For the gold and silver markets, the year has been tumultuous at best, with an anemic 0.9% rise in gold futures and a 2.5% decline in silver futures. Copper on the other-hand has risen about 2.7% since the end of last year! A recent report from MarketWatch gives some perspective on why copper may be…
House of Representatives Overwhelmingly Passes Fed Audit Bill
H.R. 459, better known as the Federal Reserve Transparency Act of 2012 (…or Audit the Fed), has passed the full House of Representatives by a vote of 327-98. Passage of the bill represents a crowning achievement in the career of Congressman Ron Paul, the bill’s author. For decades as a congressman and 3-time presidential candidate,…
Some Analysts Claim Gold Way Undervalued Due to Market Manipulation
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…
