by agm | Oct 17, 2013 | news
Goldman Sachs got it completely wrong, says Peter Schiff, CEO and Chief Global Strategist of Euro Pacific Capital. A budget deal doesn’t make gold a “slam dunk sell”, as Goldman’s head of commodities trading Jeffrey Currie said it would on...
by agm | Oct 2, 2013 | news
Gold rebounded from an eight-week low on speculation that the Federal Reserve will delay reducing its stimulus program amid the first U.S. government shutdown in 17 years, stoking demand for the metal as a store of value. A budget impasse triggered furloughs for...
by agm | Sep 18, 2013 | news
Gold soared around 3 percent on Wednesday after the U.S. Federal Reserve said it would continue buying bonds at an $85 billion monthly pace for now, surprising financial markets that were braced for a reduction in the central bank’s economic stimulus. Citing...
by agm | Aug 16, 2013 | news
Silver futures rose to the highest since May, entering a bull market, as equities slumped and the dollar declined, increasing demand for the precious metal as an alternative investment. The MSCI All-Country World Index of shares headed for the biggest drop in seven...
by agm | Aug 13, 2013 | news
Gold hit its highest level in nearly three weeks on Monday, and one expert said the precious metal could rise nearly 20 percent by by the end of the year—a call many traders thought was too aggressive for this market. Spot gold rose as much as 2.2 percent to $1,343.06...
by agm | Aug 13, 2013 | news
Yesterday, I explained the significance of economic energy when it comes to determining what constitutes as “safe money” in these uncertain economic times. Today I want to clarify… Analysts can churn out thousands of statistics to make future price forecasts for...
by agm | Aug 8, 2013 | news
Gold advanced the most in two weeks as the dollar dropped for the fifth straight session, increasing demand for the precious metal as an alternative investment. The Bloomberg Dollar Index, a gauge against 10 major trading partners, fell as much as 0.5 percent, heading...
by agm | Jul 29, 2013 | news
Early this month, big news came out of China. It may have gone unnoticed by some investors—and there’s really no reason why it would have been covered extensively by mainstream media—but it’s important if you’re a silver investor. China raised its...
by agm | Jul 11, 2013 | news
Nothing is normal: not the economy, not the financial system, not the financial markets and not the political system. The financial system still remains in the throes and aftershocks of the 2008 panic. A number of underlying problems of that time, tied to the risks of...
by agm | Jul 4, 2013 | news
Here’s a riddle for you… When folks sell their electronic-traded-fund (ETF) gold and other electronic bullion, where does it go? Does the bullion zap away into the nether regions of the internet? Does it move from one clandestine warehouse to another? Maybe it heads...
