Greece’s parliament passed the first of two austerity measures on Wednesday despite escalating street violence. It is expected to vote in favour of the final austerity bill later on Thursday.
Here are what some of the experts are saying:
“Gold has got to stay supported, however this plays out. The fact is Greece is [...]
Gold is off its recent highs, but Frank Holmes of US Global Investors says the bull trend is very much intact.
Gold is actually a seasonal investment, says Holmes. In the first sixth months of the year, investors focus on the “fear” trade–the hope that gold will insulate investors from carnage in other [...]
Gold and silver prices fell yesterday, but today they are currently trading up. The news around the Greek debt crisis continues to occupy the news cycle. Greek Prime Minister George Papandreou called on lawmakers to obey their “patriotic conscience” and back tougher austerity measures, as they began to debate a five-year budget plan yesterday. [...]
When is the best time to buy gold and silver? When the prices are pulling back. What do most people do when buying gold and silver? They buy when the prices are taking off.
It is this mentality that I wish to “re-frame” in this article. The time to buy gold and silver is [...]
There is news that Greeks are withdrawing their savings to buy gold. There is a growing fear in Greece that the economic path the country is on is simple unsustainable and that a default is only a matter of time. This has let to many in Greece to close their savings accounts and buy [...]
Despite an end to the four-day rally for gold prices, gold is still set for a 0.4 percent rise this week. That brings the gains for the month to 0.7 percent. Although gold prices remain nearly 2 percent south of early May’s record highs, I fill the stagnant prices bold well for gold.
Spot [...]
Gold rose for a third day on Tuesday, driven by a weaker dollar and uncertainty over the outcome of a confidence vote in Greece that may determine whether the country can avert a default on its sovereign debt. Bullion also got a lift from a return of investor risk appetite across-the-board, as the grains, [...]
The Greek debt will continue to be among the main news items that will affect traders and investors and consequently the financial markets including the Euros to US dollar exchange rates, indexes and major commodities prices. Everyday economic news comes out that effect how gold and silver sell that day. So, I thought it [...]
Come June 30th, with the supposed end of the “I’m not printing money” money printing that is quantitative easing, the US government will have lost, in theory, two of its biggest buyers– the Federal Reserve and Japan. And with both China and the OPEC nations slashing their own Treasury purchases, it leaves one simple [...]
Eric Sprott is CEO of Sprott Asset Management and a long-time proponent of owning both gold and silver. He is also a long-time proponent of the belief in the conspiracy theory whereby large financial institutions are colluding to drive silver prices down, as when prices fell from around $50 to $32 an ounce in [...]
Get Started
-
