The question on every investor’s mind is whether or not gold will reach $2,000 per ounce before 2012. What is the answer? Well I guess that depends on whom you speak with, as everyone has a different opinion on the subject. One thing is for certain when this topic is brought up. It seems that [...]
Gold Prices Rally Back Up a Day After Price Drop
September 8, 2011 By 1 Comment
Gold Prices Swing Rapidly Based on the Fed Stimulus Outlook
August 29, 2011 By Leave a Comment
The announcement that the Federal Reserve would consider further stimulus measures for the economy caused gold prices to swing rapidly based on the debate of whether stocks are a good investment right now or whether gold is still the best place to put money and protect it. December gold price went down $5.71 an settled [...]
Gold Prices Skyrocket to Another Record High
August 19, 2011 By Leave a Comment
Gold prices were on the move again, spiking to yet another all-time high as more and more investors scramble to get their money into the precious metal safe haven. Gold for December delivery skyrocketed $30.20 to close at $1,852.20 an ounce at the Comex division of the New York Mercantile Exchange, although settled well off [...]
Faltering Europe Economy Fuels Gold Prices Higher
August 16, 2011 By Leave a Comment
Gold prices are once again pushing the $1,800 barrier Tuesday as fears out of Europe – which included a weak second quarter growth numbers out of Germany continued to drive investors into the safe haven of the precious metal. Gold for December delivery was up $25.60 to $1,783.60 per ounce at the Comex division of [...]
Will Gold Experience a Corrective Pullback This Week?
August 15, 2011 By Leave a Comment
Gold Climbs to New Record and Hits $1,800
August 10, 2011 By Leave a Comment
Gold continues to climb to new records, as it hit a record $1,800 yesterday as nervous investors continue to pull their money out of stocks and snapped up precious metals contracts. Silver is also doing well, as the demand for all precious metals is simply hotter than ever right now. Gold is fast becoming a [...]
U.S. Stock Market Rebounds and Sends Comex Gold Back Down Some
August 9, 2011 By Leave a Comment
Comex December gold hit a record high of $1,782.50 in some overnight trading. However, gold futures are now trading well below that record high, yet still at a very healthy price, due to the leveling off of the stock market. Some profit-taking pressure from recent gains – along with the rebound in the U.S. stock [...]
Gold Has Increased for 124 Straight Months
August 3, 2011 By 1 Comment
Gold has now increased in price for 124 straight months, which is a staggering fact. That means that there hasn’t been a single month in over 10-years where gold has not gone up in price and benefited and many people. Surprisingly enough, on the heels of this news came the news that the ongoing debate [...]