Gold News
Silver’s blazing trail this year continues and is now up over 21% in the month of january. Just like in gold the silver price is being led the way in terms of €s. Silver €: (click for sharper image) Silver $: (click for sharper image) Silver £: (click for sharper image) As you can see [...]
What a difference a month makes. Back at the end of December the world and his dog had turned bearish on gold and we were treated to headlines like this which called for gold to “… struggle into the first part of 2012 and potentially drop into the $1,300 to $1,450 region,” said Mark Arbeter, [...]
Well nobody could have seen this coming. Well ok, maybe us – see this this this this this this this this this this this this this this this and this. Today the government funded Office for National Statistics is out with it’s preliminary estimate of the UK’s GDP in Q4 (read what we think of [...]
The UK passed a rather ignominious milestone today. The government funded Office for National Statistics announced that the UK debt topped £1tn (with a ‘T’) for this first time ever in its history. £1003.9tn to be precise. Read the full report here. But that isn’t the astonishing data point in today’s release. The really mind [...]
Anybody with any knowledge of economics should feel uneasy at the sight of a country where half of recorded economic activity is conducted by the state. Are such semi-socialist societies operable, and if so, for how long? That complete socialism is impossible and that any attempt to establish it must fail, we know for sure [...]
Last friday and with a couple of hours of trading left we put out a piece about how silver was out performing gold and is up about 10% for the year. Then in those last trading hours of last Friday silver shot up from just above $30 to $31.5. The rally has continued into today [...]
During the broad sell-off in the gold price that started back at the beginning of September 2011 we have seen two previous attempts to break this down trend but both have failed. However it would seem that gold priced in €s have managed to break this down-trend that has lasted for more than 4 months: [...]
After the wild ride for the silver price that was 2011 it ended the year a disappointingly down 10%. Disappointing because at one point silver was up over 60%. This heavy gyration in the price action has understandably got investors nervous about dipping their toes back into silver. However it would seem that serous investors [...]
Remember all the way back to just a couple of weeks ago when everyman and his dog was claiming that the gold bubble had burst? For example here is one headline from Bloomberg: “Soros Sees Gold Prices on Brink of Bear Market” And here’s a taunting ‘tweet’ from famed economist Roubini: Roubini Asks of ‘Goldbugs’ [...]
Today the Office for National Statistics released the unemployment figures for the UK and it was grim reading. The unemployment rate in the UK is now 8.4% – it is now higher than at any point during the ‘recession’. (click here for sharper image) As we’ve talked about many times last year the reason [...]
