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…
Silver: Nowhere Near Its Peak
In the perpetual battle of silver bull vs. bear, some say the bear has the upper hand. At least for right now. Many analysts and investors point to silver’s April 2011 surge to nearly $50—and the subsequent correction—as proof that silver’s long, secular bull market, which began in 2002, is officially over. Some naysayers even…
Gold Prices Rally Following Fiscal Cliff Bargain
As you’ve undoubtedly heard over the water cooler or on the news, lawmakers in Washington brokered a last-minute, last-ditch deal to avert the so called “fiscal cliff.” Generally speaking, the final deal delays $110 billion in automatic spending cuts until March, while increasing income tax rates on individuals earning over $400,000 annually, or families earning…
Palladium – More than a Shiny Coin
Palladium is an interesting metal indeed. Not only can you buy palladium bullion in the form of coins and bars, the metal is used in numerous industrial applications as well. The demand for palladium for these applications is rising faster than available supply can meet, which is leading to shortages. Over time, many analysts expect…
