Every year around the month of May, scores of traders, investors and others in the business pack up and leave for vacation. While they enjoy the getaway, the precious metals market takes a nosedive because lower volumes are being exchanged compared to the rest of the year. This phenomenon is called the “summer slump,” and…
The Bernanke Effect
Following the release of the economic forecast by the Federal Open Market Committee (FOMC) yesterday, U.S. Fed Chairman Ben Bernanke’s taper talk sent stocks and commodities tumbling. Maybe tumbling isn’t the right word… Collapsing to near three-year lows, gold has dipped below $1,300 for the first time since the fall of 2010. Prior to the…
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….
Gold Stabilizes After Historic Drop; Physical in High Demand
Gold and silver prices are always great water cooler talk, but when prices plunged over the course of two nail-biting days in April, it became the conversation across the globe. The precious metals industry held its collective breath as gold dropped $225 between Friday, April 12 and Tuesday, April 16. By the time prices stabilized,…
Mass Sell-Off, Gold and Silver Prices Plunge
Last Friday and this Monday, gold and silver experienced staggering losses. Over the past few months, we’ve seen both precious metals maintain overall tight ranges. Gold’s floated around $1600, while silver held in the high twenties. Yet Friday’s metaphorical bloodbath sent both metals on a downward spiral. In that day alone, gold slid $84 —…
Copper Bullion: Beware of “Mint Poured” or “Hand Poured” Claims
Some investors still have a lot to learn when it comes to copper bullion. It’s a relatively new investment opportunity many feel will one day rival silver in its popularity. With so many being new to buying copper coins and bars, some unethical dealers are taking advantage of people’s inexperience with this vital metal. Like…
