China Goes Gold Crazy. Why Now?

Spurred by a sudden drop in prices, Asians in the last two weeks have gone on a gold-buying binge.  The Indians, the world’s largest net importers of the yellow metal, have been snapping it up of course, and so have the Japanese, now concerned about a falling yen and...

Gold Fell to $1,400? Welcome to the New Gold Rush!

With everyone talking about how the great gold boom is over, that with the price of gold tumbling to $1,400 an ounce the back of the yellow metal as a safe-haven investment  has been broken, you might be surprised to learn there’s actually a new gold rush going...

“People Running Through the Gate” to Buy Gold Bullion

Today’s AM fix was USD 1,379.00, EUR 1,046.12 and GBP 903.14 per ounce.  Yesterday’s AM fix was USD 1,378.00, EUR 1,054.00 and GBP 900.48 per ounce. Gold rose $16.40 or 1.21% yesterday to $1,373.40/oz and silver also finished up 2.63%. Cross Currency Table –...

Here’s Why Gold Is Getting Crushed

The sharp fall in gold prices Monday was caused by a number of different factors, but margin calls may have over-extended the drop and forced many to liquidate their positions, said Thomas Vitiello, partner at Aurum Options Strategies. Vitiello remains bullish on the...

Gold Set For Worst Two-Day Loss Since 1983

LONDON (Reuters) – Gold headed for its biggest two-day drop in 30 years on Monday as funds accelerated their exits from the market, and investors also cut exposure to oil, copper and grain after underwhelming Chinese growth data. The precious metal slid further...

Has Gold Lost its Mojo on Falling Risk Perception?

Gold prices have been working their way lower despite recent events, which would normally be positive for this market. However, if looking at gold as catastrophe insurance, then its fall in value is more logical and probably has further to go. The Cyprus bailout...

Dow Never To See 2009 Lows Again But Gold Bull Has Miles To Go

Since August 2011, the Dow (DIA) is up 30% while the SPDR Gold Trust (GLD) is down 13%.  This may suggest that stocks are the way to go, but here is a more fundamental question: Will your dollars have less or more purchasing power in the future?  Fact is, you can use...

Marc Faber Fears Systemic Crisis, Stock Collapse

Marc Faber, A.K.A. Dr. Doom, continues to see considerable downside risk for US stocks. In an appearance on “Bloomberg Surveillance” with Tom Keene Wedneday, Faber, known for his straight shooting but dire predications, said we are creating bubbles and...