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…
Gold Spends June Trying to Figure out Where to Go
Well, we’re past the 4th of July holiday and the midpoint of the year. We hope all of our readers and customers had an enjoyable and safe summer holiday – now that we’re halfway through 2012, it’s a good time to take stock of the gold and silver markets and try to see where things…
Friday Sees Biggest One-Day Advance for Gold since August
Precious metals have certainly taken a bruising in the last few weeks…in May alone, gold slid approximately 6%. But this past Friday, the 1st of June, witnessed a dramatic rally for gold and precious metals in general. By closing time on Friday, gold broke the $1600 barrier, climbing 3.7% ($57.90) to $1622.10. Silver too had…
Gold & Silver Tumble to 3-Month Lows on News from Fed
Following news that the Federal Reserve is ceasing its economic stimulus program known as Quantitative Easing, the gold, silver and even equity (stock) markets took a tumble. Gold in fact dipped 4.2% to a 3-month low while silver was off by about 2% this past Wednesday, April 4th. This announcement from the Fed is seen…
