–Comex June gold ends down 60 cents at $1,664.20/oz –A large trade of 7,500 futures contracts dents gold prices in early-morning trade –Traders speculate the transaction was an input error –Gold prices recover to end nearly unchanged NEW YORK (Dow Jones) — Gold futures ended nearly unchanged Monday, after a large early-morning sell order roiled [...]
BY Jim Wyckoff Of Kitco News Comex gold futures prices ended the U.S. day session near unchanged Monday. Prices did close near the session high as the gold market bulls have gained some fresh upside near-term technical momentum just recently. June gold last traded up $0.10 at $1,664.90 an ounce. Spot gold was last quoted [...]
Gold’s London AM fix this morning was USD 1,662.50, EUR 1,256.61, and GBP 1,021.44 per ounce. Friday’s AM fix was USD 1,654.00, EUR 1,250.28 and GBP 1,019.60 per ounce. Silver is trading at $31.24/oz, €23.73/oz and £19.29/oz. Platinum is trading at $1,577.75/oz, palladium at $680.30/oz and rhodium at $1,350/oz. Gold rose $4.70 or [...]
It hasn’t been a good week for Spain. Soccer giants Barcelona and Real Madrid predicted by many to be in the Champions League final were both eliminated this past week and Spain’s credit rating was dropped a full TWO notches by credit rating agency rating agency Standard Poor’s. I wrote just last Sunday [...]
Despite experiencing a sharp sell-off on Wednesday, gold and silver prices fully recovered and gold even posted its best weekly gain since February. Both precious metals received support and climbed higher as more disappointing economic data hit the market, fueling speculation for additional Federal Reserve easing. Furthermore, central banks around the world continue to purchase safe-haven [...]
Sasha Cekerevac, co-editor for Penny Stock Detectives, believes that silver is currently in a healthy consolidation phase before the bull market will resume. Cekerevac argues that mining companies tend to overshoot to the upside and downside, so an opportunistic investor who is patient can take advantage of these swings. Cekerevac has found one particular junior [...]
Forget the market machinations utilized to put lipstick on yesterday’s FOMC pig, and the MSM’s brain-dead “take” on Fed policy. Forget the gold plunges and Dow surges, calls for an “end to QE,” and – conversely – its expansion to “INFINITY.” Instead, consider what the Fed has done – and ALL Central banks throughout history [...]
Last year, Africa was the region that witnessed the strongest growth in gold-mining operations. In an exclusive interview with The Gold Report, Nana Sangmuah, managing director of research with Toronto-based Clarus Securities, expects that trend to continue and suggests some immediate smart investments in Ghana, Mali, Liberia and the Democratic Republic of the Congo. The [...]
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