Gold Rises to Record on Investor Demand for Currency Alternative

Lynn On October 6, 2010 / General Market, Gold, Silver

By: Pham-Duy Nguyen and Nicolas Larkin – Bloomberg News, Oct. 5, 2010 Gold futures jumped to a record $1,342.60 an ounce as the dollar sagged, boosting demand for precious metals as alternative assets. Silver advanced to a 30- year high. The greenback fell to the lowest level

Next Stop – $50 Silver

Lynn On September 27, 2010 / General Market, Silver

(The Battle for $21 Silver is over!) Content by: James Turk and John Fisher, Chart by James Turk The battle for $21 silver is over – it has breached its highest price in 30-years. Those who were short silver are covering their losses. Those who are long

Tax Consequences of Selling Gold, Silver and ETF’s

Lynn On September 22, 2010 / General Market, Gold, Silver

By: Jeff Clark There’s lots of conflicting and inaccurate tax information surrounding this subject. So, what’s the real skinny on the current tax rules for selling precious metals & ETF’s in the U.S. The IRS considers gold a “collectible” and will tax your realized capital gains at

$20 Silver in the Rearview Mirror

Lynn On September 16, 2010 / General Market, Silver

By: John Fisher On September 1st, 2009, I posted an article entitled “$1,000 Gold in the Rearview Mirror.” Now it’s time for silver. Silver has closed three consecutive days over $20 per ounce. Three consecutive closes are viewed as a definitive piercing of a major support/resistance level.

Silver Continues to Knock Its Head on $20

Lynn On September 10, 2010 / General Market, Silver

As I’m sure you have noticed, silver has been “hitting” it’s head on $20 for the last couple of days. This is reminiscent of when gold kept bonking its noggin’ on $1,000. Look at the following chart, and note the price points as noted by the red

FIAT – Fix It Again Today

Lynn On August 11, 2010 / General Market, Gold, Silver

Gold’s most important use is as insurance against the paper (fiat) currency of the country you live in, in our case the United States. Fiat in Latin means “by arbitrary order or decree” (Source: The American Heritage Dictionary, 1983). Thus, our currency exists by decree only –

Homeowners, Auto & Gold Insurance

Lynn On August 9, 2010 / General Market, Gold, Silver

By: John Fisher Do you own a home? Do you have homeowners insurance? People would consider you foolish if you didn’t. You hope you will never need to use your homeowners insurance for a burglary, hurricane, fire or other loss. But, if you do need to use

1099’s, Gold & Healthcare

Lynn On August 3, 2010 / General Market, Gold, Silver

By: John Fisher Paperwork surprise! Paperwork nightmare! Buried in the massive 2,409-page health care law, lies an all but overlooked provision. Section 9006 to be precise, stipulates that beginning in 2012, ALL businesses will have to issue 1099 tax forms to any individual or corporation from which

Gold and Silver Capitulation – A Good Thing!

Lynn On July 30, 2010 / General Market, Gold, Silver

By: John Fisher Earlier this week, gold fell $25.10 to $1,158 per ounce as the price of silver declined by $0.57 to $17.63 per ounce. Today, 7/29, gold is trading at $1,167 and silver at $17.60. We are approaching a capitulation point in the price of gold

Goldline, Frequent Advertiser on Conservative Talk Shows, Faces Hearing, Lawsuit

Lynn On July 22, 2010 / General Market, Gold, Silver

By MATTHEW MOSK and BRIAN ROSS July 20, 2010 — Congress will ask top executives from Goldline, the precious metals dealer that is a major sponsor of Glenn Beck’s television and radio programs, to testify about the company’s aggressive sales tactics. Rep. Anthony Weiner (D-New York) and

Archive for the Silver Category