All Posts Tagged With: "precious metals"
Why Are Gold and Silver Falling?
On August 11, the price of gold collapsed: down over $30. So did the price of silver, platinum, and palladium. A lot of people are asking why.
Palladium and Platinum Are Set to Soar This Year
How about the worst-performing precious metal so far this decade for a contrarian play? Eric Roseman says Palladium could spike before the year is up as platinum becomes to expensive for commercial use. With output in the world’s largest platinum producer, South Africa, tumbling, Eric thinks both metals could soar…
Can Metals Save Wall Street?
As the financial services giants get cut down to size, metals are now the biggest source of mergers and acquisitions on Wall Street, according to a report on Bloomberg.
The value of announced mining takeovers more than tripled to $199 billion in the first five months of 2008 from a year ago – the first time mining mergers have topped Bloomberg’s mergers and acquisitions table since it began 1998.
Meanwhile, gold prices are set to reach record levels, says Mike Caggeso in Money Morning.
And Then There’s This…Saturday, June 14th, 2008
Gold rose when Globex trading resumed in New York late Thursday evening, but sold off the second the Sydney market closed for the weekend. The bottom was in London…about 7:00 a.m. NY time. From there it rose (with lots of opposition) until Globex trading was through for the weekend in New York.
Gold Ends Week on Mild Upnote
Gold declined from the far East through the mid-point of London trading on Friday, bottoming at $860, but caught a spark there and pushed slowly higher for the rest of the day, finishing at $870.80/oz., up $2.70. For the week, gold lost 3.5%.
Gold Futures Down 2.9% for the Week
Gold futures closed 2.9% down for the week, despite a rally on Friday, as the greenback rose against the euro and other major currencies.
“I see that Dennis Gartman is talking about gold again,” says Ed Steer in Casey Research.
Here are a few words from his early Thursday morning commentary….”If the governments of the world are now as concerned about inflation as we think they may be, and if they are even more concerned about the prospects for a generic, rising inflationary psychology amongst the public at large
Precious Metals take it on the Chin Again - Interest Rate Uncertainty Driving Market
Gold declined from the far East into the first hour of the New York session on Thursday, bottoming at $857 before rallying after the noon hour to finish at $868.40/oz., down $11.70. Overnight, gold has fallen off further.
And Then There’s This…Thursday, June 12th, 2008
Gold rose quietly during trading in the Far East and Europe…and started showing signs of life just before the Comex open in New York. From there, gold rose about $10 to just over $880…and there it sat. And it hasn’t done much since…except decline as soon as the Hong Kong market opened this morning.
Base Metals Remain Stagnant
The base metals were mixed again on Wednesday. Copper sagged through the pre-dawn hours, but recaptured the lost ground during the New York session, finishing at $3.6395/lb., up a penny and a half.
Precious Metals Surge
Gold was slightly higher in Hong Kong and early London trading on Wednesday, then rose steadily during the NYMEX session before leveling off through the Globex and finishing at $880.10/oz., up $13.50. Overnight, gold has fallen off.
Latest News
- Base Metals Savaged1:58pm CDT
- Crude Still Slipping1:55pm CDT
- Dollar Flat Amid Dreadful Data1:52pm CDT
- Gold Edges Up, but Silver Hammered Again1:47pm CDT
- Brazilian Oil Takes Another Step Closer to Nationalization3:32pm CDT
- Resource Stock Roundup Friday, September 5th, 200812:01pm CDT
- Base Metals Treading Water11:53am CDT
- Crude Slips Further, $106 Seen as Support Level11:50am CDT
- Dollar Continues to Squash Euro11:47am CDT
- No Relief in Sight for Gold and Silver11:43am CDT
- Global Investing Roundups Friday, September 5th, 20089:39am CDT
- Weak Labor Market and Slowing Retail Sales Put U.S. Stocks in a Tailspin9:18am CDT
- Protest at Tata Plant Evidence of Indian Identity Crisis9:04am CDT
- Tap Into Korea’s Profit Potential with MSCI Korea Fund (EWY)8:02am CDT
- Follow PIMCO into Fannie and Freddie Bonds6:05am CDT
- Why You Should Buy Puts on the Weakest S&P 100 Players Now5:37am CDT
- Dollar Rally Means Mining Stocks On Sale5:11am CDT
- And Then There’s This… Thursday, September 4th, 200811:31am CDT
- Resource Stock Roundup Thursday, September 4th, 200811:26am CDT