Tag: precious-metals

Silver Near a 31-Year High

Silver Near a 31-Year High

Filed under: Major Movement , Competitive Strategy , Barrick Gold (ABX) , Commodities , Federal Reserve Back in the late 1970s, the Hunt brothers from Texas tried to corner the silver market . That drove prices to $48 an ounce. Now, 31 years later, silver is shooting higher again. The March silver futures contract closed at $32.296 per ounce , up 72 cents. Since gold is expensive, investors are turning to silver to hedge against inflation. Many fear that the Federal Reserve will not be able to control the spike in commodity prices. The Fed is buying $600 billion of treasuries and keeping interest rates near zero. Continue reading Silver Near a 31-Year High Silver Near a 31-Year High originally appeared on BloggingStocks on Sat, 19 Feb 2011 12:50:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Goldrunner: Has Gold Topped? Nope, You Ain’t Seen Nothing, Yet!

Filed in BP, Gold, Gold Bull Market, o, silver by on January 15, 2011 0 Comments

A Gold Bull Market is much like a bucking bronco in the Old West – constantly trying to buck investors out of the saddle – as many in the Precious Metals universe are calling an intermediate-term top for Gold. Some are even suggesting that we have seen the final top in the Historic Gold Bull. We have a completely different view maintaining that we are very close to the juncture where Gold starts another rip higher into May or June. Let me explain. Words: 908

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14% Position In Gold Bullion For The First Eagle Gold Fund (SGGDX …

Filed in Australian Gold, Bank Gold, Gold, Indonesian Gold, o by on December 29, 2010 0 Comments

67 WALL STREET, New York – December 28, 2010 – The Wall Street Transcript has just published its Gold and Precious Metals Report offering a timely review of the.

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Gold, Silver, and Precious Metal Funds

Filed in Australian Gold, Bank Gold, o by on November 20, 2010 0 Comments

Each will have different weightings of stocks to bullion . Some like foreign securities and some like domestic. Others only have a portion of their holdings in precious metals and will hold other natural resources as well. …

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Mid-Week Dollar, Gold & SP500 Trend Trading

Filed in Gold Prices, o, silver by on November 10, 2010 0 Comments

It has been a roller coaster week thus far as stocks and precious metals plunged on heavy selling volume on the back of a rising dollar, only to make a strong rebound Wednesday. While there has been significant intraday price movement, it was no surprise to us as we have been anticipating this pullback since

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Gold Roars to a New Record

Gold Roars to a New Record

Filed under: Major Movement , Commodities , Federal Reserve , Currency Gold took a giant leap Wednesday with December futures soaring $23.80 to $1,370.50 an ounce. You are probably wondering what happened for gold to make such a big one-day gain? The trigger came Tuesday afternoon with the release of the Federal Reserve minutes. The Fed policy revealed plans for buying more treasuries or new policies for inflation if prices remained low. When the gold market hears the word “inflation” — it’s off to the races. And when the gold market hears the word “inflation” from the Fed, it is like pouring gasoline on a fire. Continue reading Gold Roars to a New Record Gold Roars to a New Record originally appeared on BloggingStocks on Thu, 14 Oct 2010 09:30:00 EST. Please see our terms for use of feeds . Read | Read | Permalink | Email this | Comments

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Crude Oil, Gas, Gold and Silver Trade in Disconnect | Business

Filed in Australian Gold, Gold, Indonesian Gold, silver by on October 9, 2010 0 Comments

This is a chart which shows the performance of gold stocks (red), silver bullion (blue) and gold bullion (green). As you can see the past 2 weeks while the market has been selling down precious metals stocks have been hit harder than …

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Competitive Devaluation and Gold, or Gold and the Bond-Bubble(s)

Filed in Gold, Indonesian Gold, silver by on October 5, 2010 0 Comments

Bullion Bulls Canada – BBC – Gold | Silver | Precious Metals | Mining Stocks , Information, Due Diligence, Research, Quotes, News. TSX – Venture Exchange.

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Gold and Silver March to New Highs

Gold and Silver March to New Highs

Filed under: International Markets , Market Matters , Commodities , Currency Precious metals moved higher today, led by gold, which set another record high. Here are the numbers: December gold futures are trading at $1,328.20, per ounce, up $11.40 (as of 8:00 am EDT) December silver is up 23 cents to $22.27 per ounce. October platinum is trading at $1,681.7 per ounce, up $14. December Palladium is up $7.20 to $568.50 per ounce. Continue reading Gold and Silver March to New Highs Gold and Silver March to New Highs originally appeared on BloggingStocks on Tue, 05 Oct 2010 10:30:00 EST. Please see our terms for use of feeds . Read | Permalink | Email this | Comments

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Good News is OK, Bad News is Better

Good News is OK, Bad News is Better

Markets have reached a point where fundamentals don’t matter much. These days, when nasty economic data comes out, stocks are more likely to rise than they are to fall. Why? Because ugly data means the Fed is likely to “ease” further — i.e. pump more cash into the economy. That money inevitably finds its way into the markets. The logic is perverse; but to be a successful investor today, you need to focus more on what the Fed is up to than anything fundamental. Morgan Stanley’s Jim Caron summed it up nicely in a recent note to clients: Investment decisions across many asset classes today are tantamount to an educated guess on what the Fed decides to do regarding QE. In the near-term this trumps fundamentals, valuations and almost everything else . If you believe in any sort of free market, it’s all very frustrating to watch. This market is dependent on a few bank-biased individuals — not ideal, to say the least. But there is a bright spot in this mess: precious metals, of course. Gold , silver, palladium, and platinum have all benefited from the Fed’s quantitative easing (QE) experiment. The rationale for owning these assets is simple: If you believe the Fed will print more money, you should buy physical PMs and miners . Major inflation doesn’t even need to occur for gold to rise. As long as the Feds keep eroding the dollar’s purchasing power and running huge deficits, gold and other metals should perform well. Back in December of 2009— in a piece called “Why I’m Buying the Gold Dips” — I wrote, “There’s simply no way the Fed can stop propping up the market.” Gold was trading around $1065 then, and it’s over $1300 today. The long-PM strategy has worked for years, and I don’t see that changing in the near future. Budget woes and financial uncertainty aren’t going away any time soon, so precious metals should continue to outperform. Especially now that QE 2.0 is beginning to be accepted as inevitable. Analysts are finally realizing that deflation will not be allowed to occur. The Fed printing presses are just warming up… They will continue to devalue the dollar, goose the stock market, and monetize America’s debt for

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Bank of America (NYSE:BAC) Says Quantitative Easing Will Pressure Gold

In a recent note to clients, Bank of America Corp (NYSE:BAC) said quantitative easing by the Federal Reserve will put upward pressure on gold prices, as the U.S. economy continues to sputter.Bank of America said, “Since the first round of QE, precious metals have perhaps become the biggest beneficiary of money printing. In a way, gold is playing out as a second act of the credit bubble, with the

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Researching Gold/Silver Mining Companies II – Bullion Bulls Canada

Filed in Australian Gold, Bank Gold, Gold, silver by on October 1, 2010 0 Comments

Bullion Bulls Canada – BBC – Gold | Silver | Precious Metals | Mining Stocks , Information, Due Diligence, Research, Quotes, News. TSX – Venture Exchange.

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