Gold is in the midst of a massive selloff, and even hit a new two-month low earlier today, as cash starved investors sell, sell, sell in order to gain cash. So what should you do? You may want to consider buying gold while it is low, as the chances are it is going to spike [...]
Gold Falls to Two-Month Low, Cash is Currently King
September 26, 2011 By Leave a Comment
Gold futures ended the day with their lowest rate since July, as the current economic situation is proving that cash is currently king. This new two-month low follows the massive drops that gold experienced last week, as investors are in the midst of a massive gold selloff to gain cash to cover other stock losses. [...]
Broad Sell Off Causes Gold to Dip Below $1,700
September 23, 2011 By Leave a Comment
Gold dropped to below $1,700 an ounce as investors continue their broad sell off to cover other losses in the market. Escalating anxiety that Europe’s debt crisis will spark a global economic recession is making matters even worse, as there looks to be no place for investors to turn. Gold was acting as a safe [...]
Gold Prices Continue to Drop as Cash Starved Investors Sell Off
September 22, 2011 By Leave a Comment
The price of gold continued its recent drop today, as cash starved investors are in the midst of a sell off to cover their stock losses in other areas. Investors dumped gold for cash after the Federal Reserve’s downgrade of the U.S. economy and disappointing operation twist led to a deep selloff in stocks. Gold [...]
The Break in Gold Futures Prices Has Uncovered Waves of Sell Stops
September 22, 2011 By Leave a Comment
The break in gold futures prices has uncovered waves of sell stops as the market falls through several key technical chart points. This according to RBC Capital Markets. Those in asset allocation models are among the sellers. RBC Capital Markets went on to say that lower moving averages, lower open interest, lower highs all contribute [...]
Should You Worry if Gold Declines Even More?
September 21, 2011 By Leave a Comment
Since hitting a whopping $1,900 per ounce, the price of gold has slowly and steadily dropped back down. Should you be worried? Even if gold drops another $100, it will still be trading well over the $1,600 an ounce price range. Some investors (both big and small) are a little worried. The price drop signifies [...]
Gold to Break $2,000 a Troy Ounce by End of Year
September 20, 2011 By Leave a Comment
Speculation continues on when gold will hit the $2,000 an ounce price range. I have written regarding this subject several times, and anyone who follows this knows that I believe gold will hit $2,000 per ounce before 2011 ends. It seems as though more and more experts are jumping on this bandwagon. Speaking at the [...]
HSBC Gold Prices Forecasting is All Over the Place
September 15, 2011 By Leave a Comment
How hard is it to truly predict the price of gold? Just look at the forecasted numbers from HSBC regarding gold prices for the future. It seems as though even they are having difficulty forecasting the price of gold for the coming months and into 2013. The numbers are listed below, and while they don’t [...]
Gold Prices Drop on News that Europe May Have Enough Cash Until the End of the Year
September 15, 2011 By Leave a Comment
Well, good news and bad news (not really bad). It looks like the situation in Europe improved some, as it is being reported that European banks will have enough cash through yearend, which in turn drove the price of gold down some. There was a little less concern in the region today, as debt crisis [...]
Gold Prices Stay Even as Investors Eye Europe Situation
September 14, 2011 By Leave a Comment
Gold prices were relatively stable today, as most investors chose to keep a close eye on the developing situation in Europe, particularly Greece. Gold for December delivery lost $3.60 to close at $1,826.50 an ounce at the Comex division of the New York Mercantile Exchange. The gold price has traded as high as $1,848.20 and [...]