Gold News
The over 10 year bull market in gold has been particularly impressive because it hasn’t been just in one currency, or select group of currencies. Rather the bull market has been across the board. The rise in the price of gold is a global phenomenon. Below is a chart looking at the percent rise in [...]
In early February, when Newmont acquired Fronteer, we posed the question asking “are we were about to see a consolidation phase in the gold miners”? Since then New Gold Inc. has come out and bought up Richfield for $550m. Today we learn that Barrick, the worlds biggest gold miner, has agreed to acquire Equinox, a [...]
Turmoil in the Middle East sent gold and silver prices to record highs yesterday as investors sought safe-bet options. Gold rose to £918.70 an ounce at one stage during morning trading in Europe before falling back, while silver briefly hit an all-time high of £30 an ounce. Mining stocks will be boosted today in the [...]
HOUSTON — A few quick notes on this getaway Friday before the 3-day President’s Day weekend in the U.S.: The gold/silver ratio (GSR) dips to a 42-handle this Friday morning (currently 42.39 as we write at 12:30 ET). That is the lowest the ratio has been since April 19, 2006 when silver was being bid [...]
Back in February we noted that: For the past month or so it has been popular to blame the huge price rises across all commodity class on the weather. Obviously this excuse can only be used for so long. So it is with little surprise that we are now seeing the politicians lay the blame [...]
U.S. dollar. The trend has turned investments related to gold, silver and other precious metals into some of the hottest plays of the past year. The demand for “safe-haven” metals investments continues pushing prices to new highs: Gold is up 7.5% so far this year after a 30% rise in 2010, and hit a record [...]
There was an interesting article yesterday in The Guardian on gold. It was taking a look at Warren Buffett, the so called “Sage-of-Omaha” and his opinion on gold. His sage like status has been given to him because of his apparent superb investing track record and his amazing ability to time the markets and essentially [...]
Today Congressman Dr Ron Paul was on the Peter Schiff Show being interviewed by Tom Woods. Dr Ron Paul is the current chair of the Finance Subcommittee on Monetary Policy which is the congressional committee charged with oversight of what the Federal Reserve is up to. In the interview Ron Paul talks about the next [...]
Paul Wiggins, qualified CTA (commodities trading advisor) and head of futures and options over at Market Securities has been taking a look at PIGS. Not the pink variety, but rather the almost pejorative nick-name for the Portuguese, Irish, Greek and Spanish economies. The below chart looks at the price for Credit Default Swaps (CDS) for [...]
To quote the great Northern Irish singer/songwriter Van Morrison “ my momma told me there’d be days like this”. Today certainly seems to be shaping up to one of those days. This morning we’re at record highs for gold in terms of dollars ($1505), pounds (£922) and yen (¥124,515). The massively psychological level of $1500 [...]
