Precious Metals News and Analysis

 

$1,000 Gold in the Rearview Mirror

September 1, 2009, Franklin Sanders Today gold made its highest Comex close in history at US $1,004.90, up $9.50 for the day. It has taken gold a week to get through the resistance, but we believe it has now succeeded. Gold opened at $999.65, quickly made a

Read more

Gold Poised for Big Breakout

Indicators suggest gold poised for big breakout by end Q3 The slow trading months of summer are usually a time when gold prices decline, but economic analysts at Blanchard and Company, America’s largest precious metals investment firm, say that indicators this year have them believing the metal

Read more

The Fiat Currency Disease

By James Turk Yesterday the Federal Reserve completed the latest meeting of its Federal Open Market Committee. It re-affirmed its plan to purchase by the end of the year some $1.8 trillion – yes, $1.8 trillion – of US government paper, comprising of agency debt, agency mortgage-backed

Read more

Gold to Touch $1,400 in Six Months

Gold investors know all too well the psychological importance of $1,000 gold. The yellow metal’s been hovering frustratingly near that level for weeks after briefly surpassing it in February. According to John Kaiser, editor of the Kaiser Bottom-Fishing Report, “we’re getting very close.” In this exclusive interview

Read more

Silver: The Metal That Moves Thrice Faster Than Gold

By Andrew Mickey The dollar is out. The U.S. dollar index has fallen 5% last week. Treasury bonds are quickly falling out of favor. The yield on 10-year Treasury bonds has climbed from 2.5% to almost 3.5% since March signaling inflation fears and an unwillingness to fund

Read more

Gold Prices to Rise ‘For Some Time’ to Come

Kyobo Securities has today (March 23rd) suggested that now is the perfect time to make a gold investment as the yellow metal looks well-placed for further rises, the Korea Times reports. Gold Buying has been on the increase for some time now as investors continue to fret

Read more

UBS Bullish on Gold Price Nearing $2,500

By Javier Blas in London Gold could surge to $2,500 a troy ounce in the next five years because the prospects of either deflation or inflation were “becoming more extreme” UBS said on Tuesday. The Swiss bank told investors to overweight gold in their portfolios. The Swiss

Read more

Investors Rush Into Gold Coins

By Javier Blas and Chris Flood Investors in Europe and North America went on an extraordinary shopping spree for gold coins and bars in the final quarter of last year, snapping up 148.5 tons, a jump of 811 per cent compared with the same period in 2007,

Read more