by agm | Jun 4, 2012 | news
May 29, 2012: I am proud to say that I have been actively trading Gold since President Ford signed legislation that legalized private Gold coin and bar ownership, which took effect December 31, 1974. During those 37 years the Gold price moved from $103 in August of...
by agm | Jun 1, 2012 | news
In the next month China and Japan (China’s main trading partner) will no longer use the U.S. dollar as the only currency in trade with each other. They will use the Yuan and the Yen directly with each other. This will see the dollar removed from a large chunk of the...
by agm | Jun 1, 2012 | news
Gold for August delivery GCQ2 +3.13% climbed $48.70, or 3.1%, to trade at $1,612.90 an ounce on the Comex division of the New York Mercantile Exchange. Prices had traded as low as $1,545.50 in the electronic trading session. For the week, futures prices are nearly 3%...
by agm | May 30, 2012 | news
It is bad enough watching the talking-heads of the mainstream media undermine the precious metals sector with their insipid and invariably flawed analysis. However, what is positively infuriating is when these drones manage to influence the market through parroting...
by agm | May 29, 2012 | news
Warning, tighten your belts, America’s new Age of Austerity is already here, today. There I said it. I admit it. And you better too. Prepare now. Could be like the 1930s depression austerity. You’ve seen the warnings all across the major newspapers about a global...
by agm | May 28, 2012 | news
In a move that will make the silver market more liquid, the Shanghai Futures (SHFE) has begun trading in silver contracts. The contracts are expected to be bullish for silver prices, with traders stating that it could make market manipulation more difficult. Although...
by agm | May 25, 2012 | news
The latest official Central Bank gold holding figures from the IMF confirm that Central Banks around the world are continuing to buy gold – some in pretty large quantities which should be yet another stabilising factor for the gold price – and if the trend...
by agm | May 22, 2012 | news
Gold remained under pressure trading below a near-term technical support level on Tuesday due to a weaker euro, with investors betting against a meeting of European leaders this week doing much to tackle the region’s debt crisis. Platinum tracked gold lower,...
by agm | May 20, 2012 | news
Highly respected economist and strategist David Rosenberg has told that Financial Times in a video interview that gold “will go to $3,000 per ounce before this cycle is over.” Markets are repeating the downturns of 2010 and 2011 and it is time to search for safety,...
by agm | May 19, 2012 | news
Following this week’s bounce from the $1,520s region, most survey participants in the weekly Kitco News Gold Survey expect gold prices to continue to build on late-week gains. In the Kitco News Gold Survey, out of 33 participants, 23 responded this week. Of those 23...
