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...