As we said at the conclusion of 2010 and the first week or two of the New Year, investors should expect a slight correction in gold and silver prices…that correction is currently underway. Although gold has steadily been on the rise for several years, it periodically goes through what we in the business call a…
U.S. Closing in on National Debt Limit as Controversy Looms
Deficits and debt – both public and private – are hot topics in the U.S.A. these days. Not only are many people and businesses struggling with debt, governments are as well, which can have crippling effects on economic stability. Many analysts in fact see the U.S. National Debt as a big threat to the future…
Looking “Goldly” Forward into the New Year
Well, we’re nearing the end of 2010 with much fanfare. While enjoying the holidays with friends and family, we also take stock of the year and look ahead to the future. In terms of the gold markets, there’s a lot to take stock of. Gold is completing another strong year, seeing around a 26% gain…
Gold Steadies around $1360 per Ounce on European Debt Concerns, Rising Dollar
After seeing some increases to over $1400 per ounce, gold once again retreated in the last couple of weeks. It’s now steady around $1360 an ounce with several factors affecting current trends in gold priced in U.S. dollars. First off, European sovereign debt concerns have been reignited by Ireland’s recent bailout plea to the European…
