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News
3/28/2013 - Sorry the Dollar is Not Strong but Inflation Sure Is!
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3/21/2013 - Your State Could be Next to Approve Gold and Silver as Legal Tender
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3/14/2013 - World Inflation and Economic Armageddon Spells Bullish for Gold
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3/7/2013 - Eric Sprott Blows the Lid Open on Fed Shenanigans Gaming Gold
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2/28/2013 - Gold Set Up for a 16 Percent Rise Thanks to Fed Shenanigans
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2/21/2013 - Fed Shenanigans use the L.A. Times to Misdirect Suspicions about America's Gold
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12/28/12 - Fed Shenanigans, Confiscation of Your Gold and How to Protect it – Part 3 of 4
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12/21/12 - Fed Shenanigans, Confiscation of Your Gold and How to Protect it – Part 2
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12/14/12 - Fed Shenanigans, Confiscation of Your Gold and How to Protect it – Part 1
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12/7/12 - Gold Aims for $1,853 Next Year
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11/29/12 - The Time to Replace Fiat Currency may be NOW
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11/16/12 - All that Glitters is not Just Gold in India
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11/8/12 - Presidential Elections have Concluded and the Results Support Rising Gold Prices
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11/2/12 - Recent Gold Price Correction Won't Even Dent the Long Run
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10/22/12 - Listen to what Stocks are saying about Gold
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10/18/12 - What the Price of Gold will Be in January 2014
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10/11/12 - Is Your Ounce of Gold Really Worth an Ounce of Gold?
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10/4/12 - U.S. Debt Addiction Salvageable by Using Gold Methadone Clinics
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9/27/12 - Major Gold Producer Halts - Repercussions for Gold Prices?
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9/20/12 - Counterfeit Gold hits the Market - Steps YOU Can take for Prevention or Detection
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9/14/12 - QE 3 May have Just Given Gold the Biggest Green Light in Years
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9/6/12 - European Central Bank Hints this is the Time to Buy More Gold
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8/30/12 - Eric Sprott Gives Insight into Central Bank Shenanigans and Gold
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8/23/12 - 5 Reasons Another Bailout is Imminent - 5 More Reasons to Stock up on Gold
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8/16/12 - Better to Have Gold than Risky Muni's These Days
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8/9/12 - Two Dividend Traps that Make Gold Look REALLY Good Right About Now
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8/2/12 - Fed Shenanigans Exposed: What You Can Do About Your Money Market Account Being Frozen
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7/26/12 - Summer Bottom Preparing Gold for a Launch?
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7/19/12 - Gold, the New Tier 1 Asset
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7/12/12 - Gold and Silver Prices Versus a Growing Global Economy
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7/4/12 - Gold Hits Two-Week High after Central Bank Shenanigans Continue
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6/28/12 - Palladium Likely to go Bullish in 2012 due to Increased Demand and Decreased Supply
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6/21/12 - Summer Lows in Gold May Present Another Great Buying Opportunity
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6/14/12 - Gold and Silver - Your Hedge Against Central Bank Shenanigans
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6/7/12 - Billionaire Soros TRIPLES Gold Position
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5/31/12 - Gold Prices Down for the Year - Gold Value Up However...WHAT!?
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5/22/12 - So Gold Could React Negatively to Greece's Exit - But THEN What?
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5/16/12 - If Cash is the New King then does that make Gold the Sleeping Emperor?
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5/9/12 - Euro Zone and Gold get hit Hard, yet Losses are Minimal
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5/2/12 - Central Banks Still Have Gold Fever
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4/25/12 - Argentina Jumps on the Bandwagon for Gold
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4/18/12 - Gold still Preparing for a Comeback while a Storm is Brewing for U.S. Markets
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4/11/12 - Gold Demand Likely to Pick Up Thanks to India
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4/5/12 - Fed Shenanigans Open Door for Gold Miners
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4/4/12 - Gold Stocks Bottom Out? Sky may be the Limit
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4/4/12 - 80-Year-Old Woman Lands Plane for Dying Pilot
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3/30/12 - China Firm Passes Exxon in Oil Production
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3/28/12 - China Soft Landing getting Hard to Swallow
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3/28/12 - Apple versus Exxon Mobil - Exxon doesn't just Lose, it gets OWNED
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3/27/12 - Technicals Drag Gold out of the Water but will it be Enough?
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3/26/12 - Captain! Japan needs more power!
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3/21/12 - Gold Calls Time Out as Technicals Rush in for a Potential Save
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3/20/12 - Apple Puts Out a Big Dividend: Tim Cook Doing Better than Steve Jobs Did?
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3/19/12 - Gold Says Greece So Yesterday and India So Like Whatever
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3/15/12 - Platinum Passes Gold in the Precious Metals Olympics
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3/13/12 - Gold Copycats China with its Reactions to Europe
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3/12/12 - Mining Stocks Part 1 - How to Get More Gold.. than Gold
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3/07/12 - Morgan Stanley Reveals its "Four Pillars" of Growth for Gold Prices
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3/06/12 - Trademark Controversy over iPad puts Apple in Deep iDoo-Doo
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3/02/12 - Gold Begins Recovery after a 5% Drop on Wednesday - Should we be Worried?
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3/01/12 - Nukes for Food - A Wise and Peaceful Decision by North Korea's New Youthful Leader
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2/29/12 - Why Gold is Set Up for a Bullish Year
1. For there to be some kind of normalcy, or at least the apparency thereof, in the general world markets; and 2. For some kind of consensus to be reached on monetary reflation. read more... |
2/27/12 - Introducing The Space Elevator - One Small Step for Man, One Giant Leap for Bellhop Tips
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2/24/12 - The Gold Olympics! China Wins - Dollar Settles for Bronze Medal
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2/22/12 - Greece gets Saved but its Nightmare is only Just Beginning
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2/20/12 - Iran Halts Oil Sales to Britain and France
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2/17/12 - Is the Gold Bull Running out of Steam or do we have another Touchdown Coming?
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2/16/12 - U.S. Unemployment Applications hit a 4-Year Low
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2/15/12 - How to Draw Support and Resistance Lines
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2/14/12 - One Small Step for a Farmer, One Giant Leap in the War between Organics and Monsanto
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2/13/12 - Vietnam Suffers From Gold Fever
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2/10/12 -Platinum Group Metals Staging a Comeback!
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2/06/12 -A Pummeled Greece asks for a Time Out - Markets React in Disgust
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2/02/12 - Facebook Made Headlines with its Announced IPO but so did Doubt on its Aggressive Valuation
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2/02/12 - It's a GREEN Day for All! Hip Hip Hooray!
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2/01/12 - China's Market Gains Poised to Help or Hurt Gold Prices?
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1/27/12 -As Mitt Romney is Accused of Paying Lower Taxes, Sparks Fly in the Income Tax Arena
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1/26/12 -EXCLUSIVE TECHICAL ANALYSIS! - Gold Scores a Touchdown AND the Goal is Good!
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1/25/12 - Futuristic Car for Futuristic Times!
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1/24/12 - Back to the Drawing Board - NOT a Greek Wedding
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1/23/12 - Federal Reserve to Make History this Week?
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1/20/12 - Gold Slowly but Surely Making its Way to a Touchdown!
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1/20/12 - Kodak Just May have Another Moment
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1/18/12 - Eldest Brother of North Korea's New Leader Says North Korea in Danger of Military Takeover
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1/18/12 - Gold Climbs a Bit on IMF Support in Europe and Good News from the U.S.
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1/15/12 - Indian Jewelry here to Save the Day for Gold?
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1/14/12 - Check from Old Abe Himself to...Himself Discovered in Ohio!
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1/13/12 - A Desperate Obama Attempts to Unite Several Agencies
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1/12/12 - Message from Gold to Iran: "A Little Help Here? Oh Thanks!!"
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1/09/12 - Unemployment Rate Drops - Too Little Too Late?
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1/06/12 - Football Playoffs Resume - Team "Technicals" versus Team "Fundamentals"
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1/04/12 - Q1 2012 Outlook for Gold Not Looking too Bad so Far...
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12/30/11 - Conflicting Technicals for a Conflicting Year End.
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12/22/11 - U.S. Real Interest Rates - Another Compass?
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12/20/11 - Eyes On China
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12/17/11 - 180 Degree Shift in 24 Hours
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12/14/11 - Uncle Scrooge Refuses to Give More
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12/12/11 - Buyer's Market for Gold?
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! |
12/10/11 - Good News from the Eurozone = Good or Bad News for Gold?
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12/7/11 - Palladium Observation - TWO WORDS: Russia & Carmakers
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12/6/11 - Gold Demand Keeps Optimism Supplied
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12/5/11 - Europe's Cooties: Are They Contagious, and can my Gold Catch Them?
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It boggles the mind how many 'experts' I see in the media bragging about how strong the dollar is. In the real world it's simply not possible to have a strong dollar when you are counterfeiting 85 billion of them a month. That's just common sense, which seems to be an extremely rare commodity in the financial world today. 
Looks like the Cyprus scare has got investors across the world rushing to the safe-haven protection of precious metals. Gold, particularly, has risen almost 1 percent ever since this whole debacle began on Monday. But today, I'd like to concentrate on something that's happening closer to my home: the United States of America. 
One could say that the Yen fired the first shot heard around the world back in 1990. That was when their real estate and stock markets both crashed. Interest rates were cut drastically and over a few years the rates dropped to about 2pct. In other words, Japan started a huge carry trade.
Many investors, and the media, view the stock market and see "economic recovery." Eric Sprott of Sprott Asset Management and Sprott Money looks at a myriad of other economic indicators and sees an economy still in decline. Despite his suspicions that central banks are keeping gold prices artificially low, he tells The Gold Report that he favors gold, platinum, palladium and especially silver, over the near and long term.
Last week, we witnessed some counter plays from the gold bears pushing down gold prices as the world's largest gold-backed ETF, the SPDR Gold Trust, experienced its largest one-day outflows since August of 2011. The typical Fear Trade that supported gold seemed to have fled the sector after the Federal Reserve's meeting revealed a growing dissension among some of its members over the central bank's bond-buying program. 
So an audit of the gold held at the New York Federal Reserve has recently been completed and, well, what follows appears to be the beginning of a disinformation campaign. The L.A. Times reports on the story with the same naive ignorance that a two-year-old has when he covers his own eyes and thinks he's invisible... 
In this issue we are now going to take a look at what you might be facing when it comes to protecting your gold from being taken away via a Confiscation Order, as we discussed back in Part 2.
Okay so you've got a bunch of gold sitting in your basement or at a trustworthy vault (like Leland National Gold Exchange's). You're a cautious, but intelligent, investor who didn't want to trust the banks or gold ETF’s or the derivatives market with your gold investments, despite the alluring prospect of short-term gains. Maybe you want to hold onto your gold for financial security in case of economic collapse or if you ever encounter hard times. To further ensure your safety, you even registered your gold in your name.
Of course most of us, including but not limited to, several analysts and respected members of the gold community, have stated that it is quite unlikely for our country to reach a point when our gold can be confiscated; especially since the conditions that that we will ever reach a point in America whereby the confiscation of gold is unlikely because the conditions that lead to it in 1933 don’t actually exist anymore. Cliché as it may sound, I want to remind you that while it is highly improbable, it is still not impossible.
Morgan Stanley has recently listed gold and silver, as well as corn and soybeans, as its most preferred commodities for 2013. 
We've seen the price of gold build up some pretty solid support above the $1,700/ounce level around the middle of October. On the other hand, we've also seen it continually hit selling resistance at $1,720 an ounce and then once again at $1,740. Why the selling pressure? Is it doubt from us intelligent investors looking into other safe havens? Is fiat currency considered safer now? No my friends. 
Looks like gold wasn't the only thing sparkling heavy demand from buyers in India celebrating Diwali (popularly known as the "Festival of Lights," it lasts five days, is celebrated by families within their homes and is typically accompanied by significant purchases in the gold and jewelry sectors and industries).
A very interesting interview conducted at a conference in Toronto today witnessed one of its key note speakers, Patricia Mohr, admitting that "Romney might have been better to get the U.S. economy really rolling again..." but the "Obama administration will continue with quantitative easing and very loose monetary policy and that can only be good for gold."
Last week was the infamous New Orleans Investment Conference, where investors, mining companies and analysts from all around the world convened and discussed the state of the gold industry. Lots of interesting information.
True in recent years we have often seen the U.S. stock market and gold prices move together, rallying and retreating in tandem like synchronized divers. There have, however, also been some significant exceptions to this correlation. 
No one wants to publish a price prediction for the blatantly obvious reason that if one is wrong, then he makes an arse out of himself. Here, however, I simply cannot ignore the strong correlation that exists between the U.S. monetary base and gold prices.
Gold prices have accomplished a hefty rise towards the $1,800 mark before retreating into what seems to be a temporary correction. Gold sales in all shapes and sizes of bullions and coins are also rising, but many new buyers still have no idea which ones to buy.
Bill Gross, manager at Pacific Investment Management Co. (PIMCO is a unit of the Munich-based insurer, Allianz SE, that managed $1.82 trillion of assets as of June 30, 2012), says that the U.S. will no longer be the first destination of global capital in search of safe returns unless the gap between spending and debt is addressed.
South African gold mine strikes halted about 39% of output, including at AngloGold Ashanti Ltd. and Gold Fields Ltd., as unofficial walkouts spread in the country amid demands for above-inflation pay increases. 
Yes there have been stories of tungsten-filled gold bars appearing in the UK, Germany and even Australia, but many Americans have felt pretty safe since there haven't really been any major occurrences closer.
Well the verdicts out! The Fed says it will expand its holdings of long-term securities with open-ended purchases of $40 billion of mortgage debt each month in a third round of quantitative easing as it seeks to boost growth and reduce unemployment. 
It's really a funny thing how the public speculates on whether Bernanke will announce a QE3 or not. As he continues to offer ambiguous answers and double-sided promises, I've even seen some analysts try to predict his actions based on the color of the tie he wears each day. And no, there's no correlation there. 
Today we've got a special covering The Gold Report's interview with 40+ years veteran of the investment industry, Eric Sprott (chairman of Sprott Inc. and CEO, CIO and senior portfolio manager of Sprott Asset Management LP, which manages about $10 billion).
Extra! Extra! Read all about it! Last week, the Justice Department announced it would not prosecute Goldman Sachs or its employees for its questionable activities during the mortgage crisis! 
Although they have not blatantly stated any doom and gloom about the municipal bond market (yet), some New York Fed economists have come pretty close - to say more would probably cost them their jobs anyway. Fed economists Jason Appleson, Eric Parsons, and Andrew Haughwout have stated: 
Investing can be exciting for the avid investor, but for most it's more like... an Indiana Jones movie filled with spring-loaded arrows, pitfalls and angry blowgun-shooting natives. So what kind of writer would I be if I didn't warn you about some of these poison-tipped dangers? 
A hidden evil has crawled its way into what many of you may have believed to be a 'safe' way to stash some of your hard-earned money. And the motive? $2.7 trillion in U.S. money market funds. 
The markets look rather desperate these days. We've had stimulus from four central banks alongside the Eurozone bailing out their banks and yet the markets still don't seem satisfied. 
According to the World Gold Council, the demand for gold since the twin global crises has increased substantially and globally. It would seem that gold may be well on its way to returning to the monetary system, but in order to do so it would have to fulfill two requirements. Firstly, it would have to easily dovetail into the current monetary system. Secondly, it would have to provide a workable application from the top all the way down to the consumer floor. 
There seems to be a growing misconception that believes something like the following: "In a recovering global economy and in particular a growing developed world economy, the gold and silver prices will fall because their current prices reflect economic uncertainty and fear. Any recovery will therefore remove that uncertainty and fear, so that gold and silver prices should then fall." I beg to differ on this rather misguided and unfounded assumption.
Here I sit alone writing on a U.S. holiday. Why you might ask? Because I care that much about the precious metals market! Okay that and the next time you make a joke to your wife about one of her friends, you BETTER be sure her friend is not coincidentally concurrently suffering from a terrible automobile accident that you really didn't know about.
According to CPM Group's "Platinum Group Metals Yearbook 2012" released on Tuesday, the surplus of palladium is expected to shrink down to 51,990 ounces in 2012 as use of the white metal in auto demand should drive use and reduced mine output should limit production.
Gold recently bounced up from its December lows this month on renewed safe haven buying as QE3 possibilities came back to the table, but then experienced a large drop today down to the $1,566 level following more Europe troubles and stalled job growth in the U.S. Despite this setback, as long as the December lows near $1,536 continue to hold, we may currently be at a very important juncture for both gold and silver.
So Spain has recently became the 4th member of the euro to request a bailout since the beginning of the zone's insolvency disaster. The country is looking to receive as much as 100 billion euros ($125 billion) in order to ensure the 'survival' of its current banking system; or as I see it, an attempt at using debt to fix more debt!
So far this year, gold seems to be stuck in a little bit of a slump as investors overlook bullion for bonds and the dollar, just seven months after Bank of America Corp. announced that Europe's debt crisis would send prices to a record $2,000 an ounce. The yellow metal has fallen 19% by May 16th from its closing high of $1,891.90 in August 2011 
Since May 3, the yellow metal has lost 5% to a strengthening U.S. dollar, but the truth is also that gold has steadily been gaining value relative to key such commodities as oil, copper and silver. 
Yes yes yes we all know that Greece may have to leave the Eurozone (yawn), but what gold investors want to know is whether that will be bad news for the precious yellow metal. Well it should come as no surprise that gold will most likely initially fall on Euro weakness and, as analysts suspect, there will be a flight to cash weakening gold. BUT there will also INEVITABLY be a policy response from the central banks.
So there is this in-depth report called the “Survey of Affluence and Wealth in America” that American Express publishes every year. Each year's version will usually have slight differences than the last in regards to what the report is targeting exactly or how it presents that data. In the 2012 version, there is a clear distinction between multiple categories of income levels - namely, differences between the top 1%, the 10% and then everyone else (aka the 90% or 99%).
The electoral loss of French President Nicolas Sarkozy sent the euro into a dreadful tailspin on Sunday evening, which in turn helped the U.S. dollar push aggressively towards the 80.00 level on the trade-weighted index. With the euro breaking through the $1.30 level (to a 3 month low) against the greenback, the opening quotes in precious metals fell into the red zone fairly quickly.
We had some sharp sell-off on Wednesday, but somehow some way, both gold and silver prices managed to recover. Heck, gold even got its best weekly gain since February. From a technical standpoint, both precious metals received support and climbed higher as more disappointing economic data hit the market.
Looks like another country has joined a common trend that we have been witnessing from emerging-country central banks. Argentina heavily added to its gold reserves for the first time in almost 6 years.
European markets (more specifically, the DAX - German blue chip stock market index) appear to be breaking down on strong volume, but unfortunately the U.S. markets seem ready to follow.
Analysts believe that the physical demand for gold should pick up now that Indian jewelry shops have ended a major strike. While this demand is guaranteed, it remains to be seen just how strong it will be AND whether any protests will resume again next month.
There is actually quite a bit of buzz going on in the gold stock sector and not many investors are aware of this. You see, for quite some time, gold stocks have been driving investors mad for many reasons. First and foremost is the observation that this sector has NOT been able to keep up in pace with gold
Helen Collins, 80, had some flight training years ago but was not very familiar with the controls of a Cessna twin-engine plane. On Monday evening, while riding aboard such a plane, her husband, the late John Collins, passed out.
After Apple took away Exxon Mobil's championship title as largest market cap company in the world, China (with her 'apparently' slowing economic growth) felt it funnier to also step in and take away another one.
Analysts at Deutsche Bank AG, Nomura Holdings Inc. and Daiwa Capital Markets have raised their forecasts this month for 2012 expansion to as high as 8.6% (but still below last year's 9.2%) and in no small part due to the expectation of looser monetary policy.
Deep in an underground illegal combat ring lie two opponents. In one corner of the cold iron wrought cage we have Apple and in the other, Exxon. The prize is the title of "World's Largest Company." Unfortunately this is a private fight so I'll just give you the follow-up chart, courtesy of Bespoke Investment Group
With gold having risen over $35 since my last writing on technicals coming in for a save, I'm still not one to pat myself on the back. As I also mentioned previously, fundamental news from both the U.S. and China can severely affect price direction. 
Looks like another nuclear reactor, the number 6 reactor at Kashiwazaki Kariwa plant (the world's largest nuclear power plant) in Japan will be put off line on Monday for maintenance. This will leave the country with just ONE out of its 54 reactors operational.
This is quite an interesting day for a chart technician like myself. Sometimes being a chart specialist is like being a... skin doctor at an active emergency hospital. You rarely get to come in for the life-saving heroic moment but when it is your turn, man do you get excited. 
On Monday, Apple CEO Tim Cook and CFO Peter Oppenheimer confirmed what had only been optimistic rumors circulating in Wall Street: Apple will start buying back shares and pay investors a quarterly dividend.
Looks like Greece got the money it was asking for and has moved onto its next test - can it utilize this gift properly? The answer won't come any time soon and so we'll just have to wait and see later this year in the summer, when some of the spotlight will be flooding over both Italy and Portugal as well.
So far this year, platinum has made gains greater than 20% and is currently trading at $1,675 an ounce while gold dropped just below $1,650 to rest on prior support at the $1,641 level. It's somewhat historical I must admit - seeing as how platinum used to trade $200 below gold, but is now about $33 in the lead.
The earlier part of this week saw the undeniable slowdown of China’s economy, which was then immediately followed by some fairly heavy selling in the commodities’ space Sunday night and Monday morningd
Hello! Mark Crane here with my first mining post for RealMoneyReport.com (sponsored by Leland National Gold Exchange). I will be starting a new series on mining stocks for those that want to look into another gold mine of an opportunity.
So gold and other precious metals have had quite a tough week it seems. Renewed Greek concerns on Tuesday drove gold down $32 to retest the $1,670 support level and it was the first time gold fell below $1,700 since late January. 
You’d think that such a grandiose and successful company would keep its legal affairs in order, but that apparently didn’t happen this time for techno-giant, Apple Inc. Proview Electronics Co., a computer monitor and LED light maker, claims that it registered the iPad trademark in China and elsewhere over ten years ago and is now demanding that Apple stop selling or manufacturing its tablet computers under that name.
First off we'll go into why the sell off happened in the first place. There were two culprits and the first one was Bernanke's semiannual Monetary Policy Report to the Congress. Some highlights of his address include the following...
North Korea raised the spirits of just about anyone and everyone who has ever wished for world peace, compassion and all other forms of fuzzy warm feelings. On Wednesday its new leader, Kim Jon Un, agreed to suspend uranium enrichment at a major facility and to refrain from missile and nuclear tests in exchange for U.S. food aid. 
The world has been waiting for two major conditions before agreeing to offer its full and further support for gold. And they are. 
Some say that the coolest science fiction ideas become a reality in Japan and, well, I tend to agree. Whether it be large military robots from anime that become a reality in U.S. research, high tech t-shirts that display web pages on your chest, or computerized butlers that make and bring you coffee in the morning, Japanese scientists seem to really know how to invent technology that is both aesthetic and groundbreaking.
The World Gold Council (WGC) released its 2011 Gold Demand Trends report this week and we at Leland Gold are EXTREMELY happy with the results. Apparently, gold demand grew by 0.4% in 2011 despite going through a 28% year-over-year increase in the average price of bullion
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...
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...
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...
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...
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...
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..
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.'...
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...
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...
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."...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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.
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.
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...
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...
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...
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...
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...
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...
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...
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...
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... 
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.
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!.
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. 
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.”
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. 
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.Experience the Leland National Gold Exchange difference and call today!
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