|
Inside - the Greek parliament scrambles to pass laws necessary to securing their second bailout payment. Outside - police have placed metal barricades in front of the building while confronting ongoing protests by extremely angry workers and pensioners... read more...
|
|
Iran ordered a halt on oil sales to Britain and France yesterday and reporters are calling this move a retaliation against tightening EU sanctions - U.N. inspectors flew over to Tehran in order to press the Islamic Republic over its disputed nuclear program... read more...
|
|
Alright everyone. Looks like we've got a tight game up ahead for gold. After hitting resistance around $1,762 (as measured on the XAU/USD pair chart), gold took a slight dip and has been trading sideways. Looking at the chart below, though, we need to clarify something very important... read more...
|
|
Well it looks the U.S. of A is giving this recession another right hook to the jaw. Last week, the number of Americans seeking unemployment benefits hit the lowest point in almost four years. According to the Labor Department, weekly applications for unemployment benefits dropped... read more...
|
|
In today's article I'm going to answer a very famous, and often unanswered, question regarding technical chart reading.Before we go any further, it would do you good to read any previous articles that I've written or co-written, as this article more or less assumes that you have. That being said, I'd love to clear up a very famous question... read more...
|
|
Yesterday a French court adjudged the U.S. agricultural giant, Monsanto, legally responsible for the poisoning of a farmer with one of its herbicides back in 2004. According to the judgment, issued in the southeastern city of Lyon, France.. read more...
|
|
Residents in communist Vietnam still retain some old-fashioned values that Americans can definitely use - and that has to do with stashing gold so that one 'always has money.'... read more...
|
|
Yesterday saw some decent action for a couple of Platinum Group Metals (PGMs). Palladium rose a buck to $709 an ounce, while platinum gained $3 to $1,650 bringing it to half of its prior ~$200 discount to gold... read more...
|
|
Greece is sweating under the gun as talks between troika (i.e. European Union, International Monetary Fund and the European Central Bank) and Prime Minister Lucas Papademos’s interim government were postponed until Tuesday in order to give the premier more time... read more...
|
|
Although the Menlo Park, California-based company did not release any specifics as to the number of shares or a projected price range for its IPO, it did announce that it plans on debuting sometime in late April or May under the ticker symbol, "FB."... read more...
|
|
Often times emergency surgeons or doctors at hospitals see so much death in ratio to the number of lives they save that they just absolutely relish the next time they save a life. It's a faint glimmer of hope that keeps them going... read more...
|
|
Gold was relatively stable without any major movement on Tuesday, which is not surprising considering the fact that it already posted its largest monthly gain since August, including an 11% gain in the first month of 2012... read more...
|
|
This week, Mitt Romney released his 2010 and '11 tax returns and many are shocked to find that out of his annual income of $21 million (about 420 times higher than the typical U.S. household), he only paid about a 15% tax rate... read more...
|
|
Today we're going to be giving you a double-dose of valuable information by starting off with some technicals and then following up with some fundamental news interpretations to give our readers a fuller understanding of trading mechanics... read more...
|
|
Introducing a special 1.5-meter-long electric car designed in Spain's Basque country - the all new Hiriko! A new revolutionary fold-up car created to address urban stress and pollution issues. The vehicle was unveiled yesterday... read more...
|
|
Yesterday Euro zone finance ministers rejected a debt restructuring offer made by private bondholders and although numbers offered were close to agreement, the rejection and ensuing delay does not bode well for a battered and beleaguered Greece... read more...
|
|
This week the Federal Reserve might make history and Ben Bernanke's dreams come true. If everything works out right the Fed might announce an "explicit target for inflation." For those of you unfamiliar with inflation targeting, allow me to illuminate... read more...
|
|
Well if you read my last blog on technical indicators, then you would understand what I mean by the title of this article. Gold has proven itself quite the strong team by getting two "1st downs" when it crossed upwards past the $1,619 resistance line... read more...
|
|
Eastman Kodak Co., the company that introduced such marvelous inventions as the Brownie Camera, 35mm color film and the digital camera, filed for chapter 11 bankruptcy this week... read more...
|
|
The eldest brother of North Korea's new leader says that reforms are needed in order for the country to avoid the collapse of its economy and the end of its Stalinist regime. Kim Jong-Nam, half brother of North Korea's new leader, Kim Jong-Un, believes. read more...
|
|
The euro climbed for the 2nd day (up 1% at 5pm NY time) against both the dollar and the yen after the IMF (International Monetary Fund) offered to raise its lending capacity by up to $500 billion in order to protect the global economy from Europe's debt crisis. read more...
|
|
According to the head of Gitanjali Gems, India's largest jewelry retailer, gold jewelry demand in India is estimated to have risen 5 - 7% in 2011 and is predicted to grow another 10 - 15% this year... read more...
|
|
Talk about finding old money under the couch or in this case, a really really really old check in a vault. According to the Plain Dealer in Cleveland, Ohio, seventy checks were discovered in a vault at Huntington Bank's Columbus headquarters. 24 of the checks bore signatures... read more...
|
|
According to Reuters today, President Barack Obama will be asking Congress today for the authority to, "fold together trade agencies to help boost exports, a reorganization that could help inoculate him against Republican... read more...
|
|
Yesterday, Kazem Delkhosh, a member of the central bank's Council of Money and Credit, said, “The council has decided to fix the rates for bank deposits at a rate higher than inflation,” and that the actual decision will... read more...
|
|
On Friday the U.S. unemployment rate fell to 8.5% for December 2011 and according to general sentiment amongst money managers and economic analysts, the Fed still holds a strong interest in conducting another round of quantitative easing for a number of reasons... read more...
|
|
My friends and colleagues often ask me why I watch college and professional football while researching charts and news. Well to me, you see, they are very similar - if not identical. Except when I look at gold, I see TWO battles... read more...
|
|
The European crisis has been the topic of focus for quite some time now, but what I am more interested in is WHEN that crisis is finally accepted and by 'accepted,' I mean that its dire state is more or less absorbed into the mainstream investors' minds and therefore no longer drastically affects gold and other precious metals... read more...
|
|
The 200 day moving average is a famous, classical and historically strong indicator often used by long term technical traders, however, it is also often used by shorter term traders whenever significant price action movement occurs near... read more...
|
|
I’d like to mention a very interesting observation made by Sam Kirtley over at gold-prices.biz. In one of their articles, they covered the dynamics of the relationship between gold and U.S. real rates. Following is an excerpt... read more...
|
|
Although the general investor sentiment seems to be leaning towards gold demand being healthy, India, one of the largest buyers of gold, doesn't seem to agree as its investors appear to be waiting on the sidelines for who-knows-what. According to Swiss bank, UBS, gold is 'plentiful' in the Indian markets - and obviously a good supply may very likely counter any steady demand; for India at least... read more...
|
|
This week we saw the biggest decline in gold since as far back as September. It was just a few days ago when investors showed some cojones by pushing gold to some bullish levels that broke over-a-month records and then last evening, views shifted 180.read more...
|
|
Gold has experienced the results of quite the domino effect today! A drop in the euro exacerbated the region’s already heavy-laden anxieties and investors ran head first into cash as the safest asset. A few days ago, Patton, on our site blogged about watching the dollar for inverse reactions in gold (rather than only watching Eurozone news) and boy was he right! The dollar is already up $0.28 at the time of this writing and just about everything else is in the red. read more...
|
|
A lot of red across the board today. The Dow dropped 163 points, the Nasdaq lost 35, S&P 500 down 19 and gold fell over $47/ounce to $1,669/ounce, hitting a lowest ever in 7 weeks. Yikes!.
But listen: if there's anything that any of us investors can possibly learn from the "Oracle" of investing, Warren Buffet, it's that prices falling signals a buyers' market to obtain gold at more affordable prices! As of the time of this writing, gold has seen its lowest price in 7 weeks. My personal translation for that is that if I've been waiting 7 weeks for a 'sale' on gold, then this is it! read more...
|
|
So the Eurozone Summit has started and boy have the markets been watching out for this the whole week. In summary, these were the most poignant actions taken in the Eurozone so far. read more...
|
|
Palladium is just one of those overly sensitive commodities and this is due to being heavily dependent on two very specific things: Russian stockpiles of it and demand for it from automakers. Bill O’ Neill, one of the principals with LOGIC Advisors, states, “It is a very thin market, so if there is a supply disruption, it doesn’t take a lot to get the market moving.”read more...
|
|
Many gold analysts, and especially the optimistic ones, believe that gold landed well above $1,900, overly corrected itself and is therefore now on a gradual uptrend - a technical opinion that may very well be supported by some powerful fundamental basics. In the field of economics we all know very well that the pricing of just about ANYTHING has to do with one universal law: Supply and Demand. And that, my friends, brings us to the assessment of the supply and demand for gold in the long run. read more...
|
|
The price of gold has been rather fickle the past couple of days; up $6.50 at the close of last Friday then down $9 today. These fluctuations will almost always reflect the current topic of talk amongst retail metal investors - and they seem to be freaking out over EUROPE's debt crisis.read more...
|