by agm | Jan 2, 2012 | news
Gold and silver gained after reports that Iran produced its first nuclear fuel rod, spurring investors to buy the precious metal as a haven. Gold for immediate delivery advanced 0.2 percent to $1,566.37 an ounce at 5:32 p.m. in London. Silver was 0.1 percent higher at...
by agm | Dec 28, 2011 | news
Slight economic improvements have had positive echoes in the markets lately. It has created a “risk on” trade within the marketplace, where demand for Treasurys lingers and the dollar weakens. This has supported commodities, gold especially. Many traders view the...
by agm | Dec 28, 2011 | news
By the end of next year, financial experts anticipate silver prices to double or triple from its $29-per-ounce price – the mid-December level. The financial systems around the world have been shaken up by a chaotic 2011, with rumors of complete financial collapse...
by agm | Dec 21, 2011 | news
There is definitely going to be another financial crisis around the corner,” says hedge fund legend Mark Mobius, “because we haven’t solved any of the things that caused the previous crisis.” We’re raising our alert status for the...
by agm | Dec 20, 2011 | news
Inflation-inducing scenarios loom over the global economy as 2011 eases out and 2012 slips in, but how all the elements come together in the next few months will be a key to just how high prices rise and how long they stay there. As the close of the year, the U.S....
by agm | Dec 15, 2011 | news
Europe is a lot closer than you might think. No, I’m not talking about some new sale on airfare. I’m talking about your bank account. In less than six months our personal wealth has gone from having some, but mostly indirect, connection to Europe, to being held...
by agm | Dec 14, 2011 | news
Gold tumbled the most in 11 weeks as the Federal Reserve refrained from taking more stimulus measures and as a stronger dollar curbed demand for alternative assets. Silver plunged more than 7 percent. The dollar rose to an 11-month high against the euro as Italian...
by agm | Dec 5, 2011 | news
George Soros, who famously called gold “the ultimate bubble” several years ago, evidently feels the yellow metal has yet to reach bubble territory. The legendary investor – famous for founding the Quantum Fund in the 1970s and for shorting the British pound in the...
by agm | Dec 2, 2011 | news
Courtesy of Tuesday’s central bank action, nearly all participants in the weekly Kitco News Gold Survey expect the gains gold posted this week to continue into next week. In the Kitco News Gold Survey, out of 32 participants, 21 responded this week. Of those 21...
by agm | Dec 1, 2011 | news
The silver price could explode higher in coming months. As the silver and gold price predictably fade ahead of option expiration, JP Morgan’s bullion manipulation scheme could be headed for unprecedented problems, not from the record purchases of gold and silver from...
