We are still climbing the wall of worry as wealth in the ground metals becomes increasingly cheaper in a world that is threatened with the ghosts of depressions and deflations past.
“Gold Market Overhang” Poses Risk of Another Price Fall, Fiscal Cliff “Will See Minimal Last Minute Deal”
This week has brought in some calm after recent declines in the precious metals sector.
This essay is inspired by a question we received from one of our subscribers. On December 2012, we published an essay on gold and the dollar collapse in which we pointed out why you might profit from gold even if the U.S. dollar doesn’t deteriorate completely.
U.S. DOLLAR gold prices traded above $1650 an ounce Thursday morning, in line with where they started the week, as the London market reopened following Christmas.
Submitted by CommodityHq, Click Here for the answer.
This was a week of declines for precious metals, very strong ones, indeed.
Even though this summer was a sentiment wasteland for the precious metals markets, right now feels like a close second.
ON THE FINAL day before Christmas, gold prices edged higher Monday morning, climbing to $1665 per ounce and recovering some of the ground lost last week.
At the end of July we wrote an article examining the relationship between gold stocks and general equities. We sought to understand the huge variance in performance between the two markets. Sometimes they trended higher together. Sometimes the gold stocks surged while conventional equities fell into a bear market. Both markets have endured bad bears […]