Is Gold Getting Precious Again? (GLD, GDX, GDXJ)
Since hitting a new high of more than $1,430 on December 7th, the price of gold has settled down again (sort of) to around $1,385. There appear to be several factors at…
Since hitting a new high of more than $1,430 on December 7th, the price of gold has settled down again (sort of) to around $1,385. There appear to be several factors at…
Goldman Sachs periodically updates its outlook on sectors and the economy with a one to two-year horizon. Yesterday’s upgrade of economic output in 2011 is accompanied by some interesting aspects for commodities…
Gold is hitting record highs now that we are seeing above $1,400.00 per ounce on COMEX. The translation to all gold producers is that production is that much more profitable. Exploration companies…
Investors looking to making a killing on gold this past year would have done well to invest in silver. Gold prices have risen to more than $1,300/ounce, about a 20% jump in…
Newmont Mining Corp. (NYSE: NEM) is up this morning after beating earnings expectations. It seems that they might be implying that gold producers will not just have to beat earnings to continue…
Earlier this week we wanted to look for some sort of implied value in shares of gold stocks that had either underperformed the sector and those which were actually at substantial discounts…
Whether we are in a bubble or not is still an outstanding issue, but many of the gold miners and producers are seeing their stocks now trading above what is the consensus…
Gold is a currency on fire. Currencies are losing their value against hard assets as it seems most nations are devaluing in a race to zero. Gold is now above $1,300.00 per…
Twitter has, by most estimates, 100 million members, which makes it one of the largest social networks in the world. All major media companies are on Twitter and some have more than…
Gold has effectively decoupled from everything. Markets rise, gold is up. Markets fall on uncertainty, gold is up. Dollar strength, gold is up. Euro strength, gold is up. Oil falls on demand,…
Over the past year, gold prices have jumped by about a third, from around $900/ounce to over $1,200/ounce. And while the ETFs that track gold bullion and gold miners are showing gains…
It has been impossible not to notice the new Gold Rush. It has also been impossible to not notice the crashing oil prices. This is simply the decline or implosion of the…
Gold opened above $1,200.00 per ounce this morning before dropping below that magic number again as the day progressed. SPDR Gold Shares ETF (NYSE:GLD) is pretty much flat, opening at $118.49 and…
Have you noticed how so many commodity rallies in gold and oil get stopped in their tracks on what might seem as secondary or even tertiary cause and effect? This has been…
Gold needs a breather. All of the same reasons that gold ran from $900 to $1200 are still in place outside of the catastrophic meltdown scenario on every investor’s mind in early…