Gold rose as much as 2.5% to as high as $1123.75 by about 9:30AM EST in New York before it fell back off a bit into the close, but it still ended with a gain of 1.98%. Silver followed a similar pattern and ended near its late morning high of $17.54 with a gain of 3.50%. Read the Closing Report
Last week's update was too bearish - especially as there have been a number of positive developments this week not only in both silver and gold but also with respect to major elements having an important bearing on Precious Metal prices. Full Story
Sometimes, you can overlook something that is right in front of you. That just happened with me. I’m talking about something I should have seen before now in silver and gold. Full Story
I was born in 1964. That was the last year that the USA coined real money for general circulation. Now imagine that you have two dimes in front of you, one of them is from 1964, one of them much younger. But the 1964 coin looks young, barely worn. That’s because those coins went out of circulation starting in 1965. People held on to them. Full Story
When I started working for myself, I made my very first money, enough to save for the very first time, but I was working so hard, over 80 hours a week! I guess God finally caught up to me, because, at some point, I began to think. And that's when it all started. Full Story
We recently had a chance to interview David Morgan of the Silver-Investor.com—home of The Morgan Report a financial newsletter focusing on Money, Metals, and Mining. David Morgan is one of the leaders in forecasting growth and value in silver, gold, rare earth elements and other resource opportunities. He offered his thoughts on everything from the future of the U.S. dollar to the current silver and gold price cycle. Full Story
Summing up, silver - just like gold - appears to be ending the first part of the current decline. Naturally, the white metal may move higher at any time due to the positive fundamental situation, so I'm not advocating being totally out of the PM market at this moment. Full Story
Barack Obama has charged banks with the task of lending more money to consumers and businesses in an effort to stimulate the economy. Luckily for gold investors, easy credit and greater loan activity have always meant higher precious metal prices. Full Story
Recently, I have raised the possibility that silver trading might be terminated on the world’s largest silver exchange, the COMEX (The Commodity Exchange, Inc.), now owned by the CME Group, which in turn is the largest futures exchange in the world. I hope everyone realizes that this is an extreme speculation on my part, and that the likelihood of such an event must be considered remote. Full Story
A bizarre anomaly of gold's recent strong runup was the unusually poor performance of silver, which normally outpaces gold noticably during the middle and later stages of an uptrend. It did not gain any serious traction and is already back below its September peak. The fact that it did not even manage to break out to new highs is taken as a non-confirmation of gold's move, as is the failure of the PM stock indices to make new highs, and is viewed as bearish for the sector over the intermediate-term, meaning the coming 2 to 6 months. Full Story
Gold's recorded a powerful upward sprint this year. The first quarter—historically a tough period for gold—is around the corner. Research Capital's equity team lead and senior mining analyst Barry Allan remains absolutely optimistic about the king of metals' long-term outlook for a variety of reasons. But in the meantime, he says silver will slip into the limelight for what's likely to prove a stellar performance. Full Story
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