ThinkstockGold futures closed below $1,650 an ounce on the Comex last night, sharply lower than the $1,700 or so the yellow metal fetched at the beginning of December 2011, but well above…
Any Wall St. pundit will tell you that the overprinting of money is a train wreck waiting to happen. The Federal Reserve balance sheet sits at almost three trillion dollars after two rounds…
There are two schools of thought regarding the reaction of precious metals to the eventual resolution (or non-resolution) of the current negotiations on the U.S. fiscal cliff. If the two sides can…
ThinkstockIf you have been watching the price of gold in recent months the big assumption would be that global gold demand is through the roof. It isn’t. The World Gold Council (WGC)…
ThinkstockElection Day has come and gone. President Obama won a second term. The current electoral vote was by a margin of about 3 to 2 (unofficial), but the percentage last seen was…
ThinkstockGold prices are down nearly 2% today and gold mining stocks are taking their lumps right along with the yellow metal. Today’s U.S. jobs report has pumped some air into the greenback,…
ThinkstockGold miners have been hit hard in the past 12 months by falling prices for the yellow metal and by higher mining costs. Over the course of the past year, prices are…
Gold Fields Ltd. (NYSE: GFI) is so far managing to buck the news as its shares are up slightly. The problem is that the news around its forward guidance is absolutely atrocious,…
Gold had hit yet a new six-month high of $1,779.10 per ounce in early bird trading today after the Bank of Japan decided to ease via an expanded asset purchase plan. The…
The announcement of QE3 is not bringing a “sell the news” reaction at all when it comes to the metals market. Gold is surging, but The Devil’s Metal of silver is significantly outperforming…
If you were told that gold miners were highly dependent on gold prices, you would probably respond immediately with a phrase that starts with “No” and ends with “Sherlock.” This is the…
Gold bugs are finding a mixed reception today, but there is some concerning news out of South Africa that may resemble a bit of the same concern after deadly police responses during a labor…
Quantitative easing is back on the table and back in traders’ pockets. Forget about what Ben Bernanke said at Jackson Hole about vigilance. This is after Mario Draghi’s bond buying news this week…
Compared with the second quarter of 2011, demand for gold fell 7% by a total of nearly 76 metric tons, to 990 metric tons, in the second quarter of 2012, according to…
David Einhorn and his hedge fund Greenlight Capital reported some changes to the fund’s portfolio last night. The fund added significant holdings in several health care stocks and eliminated a couple of…
