by agm | Apr 29, 2013 | news
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...
by agm | Apr 25, 2013 | news
The crash of the price of paper gold on Monday has unleashed an unprecedented global frenzy to buy physical gold and silver. All over the planet, people are recognizing that this is a unique opportunity to be able to acquire large amounts of gold and silver at a...
by agm | Apr 21, 2013 | news
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...
by agm | Apr 17, 2013 | news
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 –...
by agm | Apr 15, 2013 | news
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...
by agm | Apr 15, 2013 | news
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...
by agm | Apr 12, 2013 | news
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...
by agm | Apr 8, 2013 | news
In a final poll at the Second edition of the Dubai Precious Metals Conference 63 per cent of delegates thought gold was heading towards $3,000 by 2014 and 37 per cent voted for a tumble towards $1,000. The vote followed a lively discussion between the conference’s...
by agm | Apr 4, 2013 | news
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...
by agm | Mar 28, 2013 | news
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...
