Spot gold prices are hovering around $1,733.00/ounce at mid-day today. If that price should stick, it would mark gold’s highest close since early December. Prices are reacting to remarks from Fed chairman…
Paul Ausick Earlier this week, Kinross Gold Corp. (NYSE: KGC) released a preliminary statement on 2012 production, mining costs, and a writedown a portion of $4.6 billion in goodwill on an African property. Shares…
The SPDR Gold Trust (NYSE: GLD) and the iShares Silver Trust (NYSE: SLV) are not falling on this news due to ‘risk-on trading’ this morning, but the two metals were part of a…
The price of gold is rising again and has today reached a four-week high at $1,648/ounce. Since reaching its peak, the yellow metal has retreated somewhat, trading at around $1,639/ounce currently. The…
Paul Ausick TrimTabs is showing what many investors might have expected. After such a volatile year in the stock market, investors are seeking safety in the nearly no-income offered by bond funds and bank savings…
Asking a technician or chartist about directional movement is often mind-numbing for fundamental investors. Basing future price movement prediction solely on the past without a care about the underlying fundamentals and without a…
Gold continues to take it on the chin. It all depends upon what you want to blame. Dennis Gartman, the 50-day moving average test, or the rising U.S. Dollar against the greenback. …
Gold is hurting bad with the key markets lower this morning. Currently it is being traded as a risk asset rather than as an inflation or rush to safety asset as we…
Jon C. Ogg Gold took it on the chin today because the Euro Zone bailout is not looking quite as robust nor as inflationary as many market participants have been hoping for. Living with disappointment…
The market is surging on European hopes of the beginning of the end to the financial crisis, despite credit rating bantering out of credit ratings agencies. Now we just have to hope…
SPDR Gold Shares (NYSE: GLD) is doing exactly what it is supposed to do, although not if you are a gold bug. The GLD is tracking gold as the great gold flush occurs under…
Jon C. Ogg Central banks are contributing to world gold demand. The latest data from the World Gold Council indicate even more changes among the nations holding the most in gold reserves. Those are also some…
Jon C. Ogg Paulson & Co. Inc. is another hedge fund group that investors use for Whale Watching, although this last quarter was not exactly kind to Mr. Paulson’s billions… The current 13F report shows…
We often look for a read on gold and silver and we have a potentially interesting development underway. We track these via iShares Silver Trust (NYSE: SLV) and SPDR Gold Shares (NYSE: GLD),…
Leveraged ETFs and ETNs are not new to most investors. They are also not new in all cases when it comes to precious metals. You are likely familiar with the SPDR Gold Shares (NYSE: GLD)…