Comex gold futures prices ended the U.S. day session sharply higher Tuesday on fresh safe-haven investment demand. Investor risk appetite retreated Tuesday in the wake of some fresh, anemic gross domestic product figures coming out of the European Union, and on an uninspired reaction to the results of a meeting between French and German [...]
You have to respect the power of the Federal Reserve when just a statement can turn the entire stock market around in a day. Yesterday, the Fed admitted the economy was not good and in a statement said, “. . .downside risks to the economic outlook have increased.”
Because the economy is tanking, the [...]
Bullion for immediate delivery dropped as much as 0.8 percent to $1,779.20 and traded at $1,789.07 at 11:19 a.m. in Singapore. Earlier, the metal rallied [...]
For the first time in history US treasury bonds are no longer triple-A rated. The bonds of Germany, France, Canada and the UK now have a higher rating. But don’t worry, Former Federal Reserve Chairman, Alan Greenspan, ruled out the chance on Sunday of a US default.
“The United States can pay any debt [...]
U.S. stocks cratered Thursday, sending the Dow Jones Industrial Average -4.31% to its worst-point drop since December 2008, as fears about the global economy sparked a broad sell off that accelerated into the close.
Gold rallied to fresh highs this afternoon shortly after the publishing of US jobs data which reported 400,000 Americans made [...]
The Commerce Department said the real gross domestic product rose 1.3 percent in the second quarter, down from 1.9 percent in the first quarter of the year.
WASHINGTON (MarketWatch) — Congress resists a White House request to raise the limit on how much the U.S. can borrow. The president warns of disaster. And the fight goes down to the wire. Sounds like the current budget standoff, right? Or the famous dustup between President Clinton and a Republican Congress in 1995-1996? Try [...]
Europe and Washington’s debt ceiling squabble has seen gold breach $1600 per ounce. The financial media’s standard line is that investors are scared and gold represents a “safe haven”. But how? What are investors scared of that’s led some of them to bid the gold price higher?
First off, a little context. Over the [...]
Gold prices eased, from record overnight gains, Tuesday but likely to scale new heights during the day, analysts said. US gold for August delivery was seen trading at $1588 an ounce while Silver for September delivery was at $39.16 an ounce.
Gold may rally further from this month’s record if President Barack Obama wins [...]
It is this mentality that I wish to “re-frame” in this article. The time to buy gold and silver is [...]
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