February 4, 2012
Investing in Gold, Buying Gold
The price of gold took a drastic plunge over the past few weeks. The price of gold hit an all-time high touching off of the $1900 per ounce mark a little more than a month earlier, and now, is trying to climb out of the low 1600s. The price of gold shed over $300 or [...]
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. [...]
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 [...]
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 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 [...]
APMEX, one of the top Precious metals dealers in the world has made some interesting news as of late and it isn’t because they’ve been selling a lot of gold. No, instead it’s because they’ve been making payments in gold. Donald Trump, real estate mogul and TV personality has accepted gold bullion as a security [...]
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 [...]
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 on Friday reacted pretty wildly on President Obama’s speech regarding the job situation in America. Prices started in the red, but quickly spiked back up to finish the day higher on news that a German European Central Bank board member resigned. Gold prices have been spiking wildly lately, as the price of gold [...]