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- Gold Market Headlines - |
 Tuesday Edition: February 07, 2012 |
Gold Seeker Closing Report: Gold and Silver Gain About 1.5%
By: Chris Mullen, Gold-Seeker.com
Gold climbed $9.47 to $1729.67 in Asia before it fell back to $1709.99 in London, but it then rose to as high as $1749.76 in New York and ended with a gain of 1.46%. Silver rose to $33.806 before it slipped back to $33.15, but it then surged to as high as $34.337 in New York and ended with a gain of 1.67%.
The Fed Resumes Printing
By: Bud Conrad, Casey Research
My conclusion from the Fed's actions is that it doesn't care as much about its inflation target as it does about improving the unemployment rate. Thus, it will err on the side of letting inflation rise, if it would improve unemployment. But holding rates too low too long fueled the housing bubble. Repeating the same game will have consequences of malinvestment in the form of new bubbles in the economy. The Fed hopes to restore employment before the negative consequences of loose monetary policy show up.
The Fed is Engineering Obama’s Re-Election Campaign
By: Gary Dorsch, Editor, Global Money Trends
Mitt Romney has just rolled up back to back victories in the Nevada and Florida primaries, and his path to the Republican nomination looks to be inevitable. Republicans are mostly basing their voting decisions upon opinion polls showing Romney has the best chance of defeating President Barack Obama in the Nov 6th presidential election. According to the latest Gallup poll, both Obama and Romney have equal support of 48% of the US-electorate, and if correct, more than a billion dollars worth of campaign and PAC ads will swamp the media outlets, in order to try an influence the decisions of less than 5% of undecided voters.
Gold Cars And Gas Stations
By: Stewart Thomson
While I may have a few minor concerns about the current emotional state of some gold market investors, I have absolutely no concerns about what I see on the gold chart. It’s a bullish work of art. Still, if you want to drive from Los Angeles to New York, I think we can all agree that you should consider stopping for gas, correct? Well, the gold price needs to stop for financial gas on its trip across “dollar country”, particularly when it has “driven” $240 uphill on the dollar price grid, and is preparing to blast above significant technical resistance.
By the Numbers
By: Scott Silva
We all know that numbers don’t lie. Numbers are objective. There is nothing that numbers do except represent some value. In this sense, mathematics is pure, and therefore reliable and repeatable. Mathematics is one of the foundations of science. Physics is nature expressed in numbers. The world has come to respect numbers. From ancient weights and measurements, to architecture, chemistry, astronomy, agriculture, engineering, trade and commerce, and many other human endeavors, numbers provide universal understanding of every aspect our existence on the planet.
Common Misconceptions About Gold
By: Steve Saville, The Speculative Investor
When reading stuff about the pros and cons of investing in gold we regularly come across two misguided assertions, the first being that changes in gold's price in terms of a currency do little more than offset changes in the currency's purchasing power. To put it another way, the first misguided assertion is that gold's purchasing power is roughly constant over time, meaning that changes in its price are almost solely due to changes in the purchasing power of the money in which the price is denominated.
Peter Schiff Speaks to James Rickards, Author of Currency Wars
By: Peter Schiff and James Rickards
Though much has happened in the gold market this month - notably, a Fed pledge that has awakened the sleeping bull - we wanted to take a step back and shed some light on what is fundamentally driving the precious metals market today. A Wall Street pro named James Rickards recently released his first book, Currency Wars: The Making of the Next Global Crisis, and it's creating a buzz. Euro Pacific Precious Metals' CEO Peter Schiff often talks about competitive devaluation of currencies as the main driver behind our gold and silver investments. Recently, Peter sat down with James to get his perspective on what's behind these currency wars, and find out what he recommends investors do to preserve their wealth through this tumultuous time.
Who's the real winner?
By: George Smith
Those who are “extremely conservative” apparently find nothing objectionable to the existence of the IRS or the Federal Reserve System, or to the Department of Education that grinds out an increasingly groupthink, uncompetitive population of Americans. But, you say, conservative Republicans have been trying to get rid of the DoED since Carter created it, except for the neoconservative Bush II who expanded it with No Child Left Behind (NCLB).
Facebook IPO Hubris a Sad Commentary on America
By: Rick Ackerman, Rick's Picks
It’s a sad time for America when a firm that does what Facebook does is on track to become one of our largest companies. Based on capitalization, the web-based lubricator of social interaction could be in the top 50 within a few years, or even in the top 25 if analysts’ wildest expectations pan out. Facebook’s IPO promises to top Google’s $27 billion offering, reaping early backers a giant windfall. But wouldn’t it be far better if a company that actually made something were to enjoy such extravagant enthusiasm on Wall Street? Facebook of course makes nothing, and what it sells is of little economic value to anyone. And yet its founder, Mark Zuckerberg, is about to become one of the wealthiest men in the world.
Northern Freegold Resources Ltd. Joins OTCQX
By: Northern Freegold Resources Ltd.
Northern Freegold Resources Ltd. (TSX-V: NFR.V - News)(OTCQX: NFRGF.PK - News)(Frankfurt: 8NG) is pleased to announce that the OTC Markets Group Inc., (OTCQX: OTCM.PK - News) the financial information and technology services company that provides the world's largest electronic marketplace for broker-dealers to trade unlisted stocks, has listed our securities for trading on the highest tier of the OTC market, OTCQX®.
Northern Gold Continues to Increase the Strike Length of Mineralization at its Garrcon Deposit
By: Northern Gold Mining Inc.
NORTHERN GOLD MINING INC. (TSX-V:NGM, NTGMF.PK) ("Northern Gold" or the "Company") today announced gold assay results for eight additional diamond drill holes, totalling 2,800 meters of drilling, from its 2011 exploration program and extending the strike length of known mineralization to 1.1 km on its Garrcon Deposit. Assays results to date are from the total 42,385 meter drilling program in 2011 on the 100% owned Garrison Gold Property, 100km east of Timmins, ON.
Gold & Silver Market Morning
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch
New York closed at $1,720 after falling to $1,715 and Asia lifted it to $1,727. London then pulled it back down to $1,723 before it was Fixed at $1,720. In the euro it was Fixed at €1,308.980. The euro was slightly weaker at the time at €1: $1.3140. Ahead of New York’s opening the gold price was slipping again with the euro slightly at $1,719 with the euro at €1: $1.3104 leaving the euro price of gold at €1,311.81.
Gold Touches Two-Week Low as Athenians "Burn German Flag" with Greece "Standing on Edge of Default"
By: Ben Traynor, BullionVault
U.S. DOLLAR gold prices touched a 2-week low of $1711 an ounce Tuesday lunchtime in London, with stocks, industrial commodities and the Euro also falling amid uncertainty over whether Greece is approaching default.
Fed's Record Setting Money Supply Splurge Spurs Gold's Rally
By: GoldCore
Gold rose $10 in Asian trading to reach $1,730/oz as investors nervously watch Greece. Just prior to European markets opening gold began to fall and has fallen below the lows in Asia and testing short term support at $1,712/oz.
Monday Edition: February 06, 2012 |
Gold Seeker Closing Report: Gold and Silver End Mixed
By: Chris Mullen, Gold-Seeker.com
Where a Nation’s Gold and Your Gold Should be Held – Part I
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch
Finding Fundamentals Key to Gold Investing
By: The Gold Report and Byron King
In the Bullring With Gold
By: Frank Holmes
Investors Returning To Undervalued Uranium Miners
By: Jeb Handwerger
Wary Investors Give US Stocks Another Go
By: John Browne, Senior Market Strategist at Euro Pacific Capital
How to Find the Best Junior Gold Stocks
By: Jordan Roy-Byrne, CMT
Dangerous Times Ahead
By: Toby Connor, GoldScents
'Confiscation' page added to GATA's Internet site
By: Chris Powell, Secretary/Treasurer, GATA
Dubious Payroll Numbers Ignite Wall Street
By: Rick Ackerman, Rick's Picks
Convergence between 100 Day Moving Average and 200 Day Moving Average Suggests Big Moves
By: Chintan Karnani, Insignia Consultants
Gold & Silver Market Morning
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch
Gold "Rollercoaster" Heads Yet Lower as Greece Hits "Crunch Time for Bankruptcy"
By: Ben Traynor, BullionVault
Stocks and Euro Fall (€1,315/oz) As Possible Greek Default Looms
By: GoldCore
Sunday Edition: February 05, 2012 |
GoldSeek.com Radio: Harry S. Dent Jr., James Turk, The International Forecaster, and your host Chris Waltzek
By: radio.GoldSeek.com
Is the U.S. “decoupling” from the European crisis?
By: Clif Droke
Who Took My Easy Button?
By: John Mauldin, Millennium Wave Advisors
International Forecaster February 2012 (#2) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
The Heist Known as Fed Accommodation
By: George Smith
GATA London conference DVD sets on sale now
By: Chris Powell, Secretary/Treasurer, GATA
Precious stones massively underperform precious metal prices
By: Peter Cooper
Sleeper Creeper Rally
By: Warren Bevan
Friday Edition: February 03, 2012 |
Gold Seeker Weekly Wrap-Up: Gold and Silver Fall Less Than 1% on the Week
By: Chris Mullen, Gold-Seeker.com
The Fed's BFF
By: Adrian Ash, BullionVault
COT Gold, Silver and US Dollar Index Report - February 3, 2012
By: GoldSeek.com
Stocks Are On The Cusp Of A Major Decline
By: Daniel Aaronson and Lee Markowitz
Junior Gold Producers 2
By: Scott Wright, Zeal Intelligence
Gold Juniors Poised to Rebound
By: The Gold Report and Joe Mazumdar
Part X - The Dominant Causes of the Credit Crisis: The Threat of China’s Bulging Exports
By: David Collett
Local Top in Mining Stocks Might Be Just Around the Corner
By: Przemyslaw Radomski
Magnequench Has Left the Building
By: Richard (Rick) Mills
The State of US Surveillance
By: Doug Hornig, Casey Research
Essential Preparations for THE BIG ONE
By: Deepcaster
Another ‘Camouflage’ Trade, This Time in Silver…
By: Rick Ackerman, Rick's Picks
Bernanke's Comments "Lend Support" to Gold, But Precious Metals Dip Following Strong US Jobs News
By: Ben Traynor, BullionVault
Gold & Silver Market Morning
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch
Research: US Mint Gold Coin Sales for January - Signal Return to Fundamental Driven Demand?
By: GoldCore
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