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Political and Economic Factors Bode Well for Gold
So far, 10 European political leaders out of 17 have been ousted out of office like a falling dominos in a little more than a year.
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So far, 10 European political leaders out of 17 have been ousted out of office like a falling dominos in a little more than a year.
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We’re getting whiplash from all the political changes in Europe, neo-Nazis in an unstable government in Greece and a changing of the guard in France– “adieu” to Nicolas Sarkozy
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One of the questions that we receive on a regular basis is whether one should invest in junior or senior mining stocks.
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Lately, gold has been a disappointment to many investors while it has been mostly treading water
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The New York Times reported on a growing phenomenon in Europe: “suicide by economic crisis.”
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The Reserve Bank of India on Tuesday surprised investors with a bigger-than-expected half-percentage-point cut to its key lending rate, sending it to 8%, saying the state of India’s economy is “a matter of growing concern.”
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The Hindu festival of Akshaya Tritivai is coming up this month and this is of interest for gold investors. The holiday, which falls on April 24th, is a day when Indians go on a major gold buying binge.
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Tuesday marked the worst day of the year for U.S. markets. Stocks fell amid anxiety ahead of earnings season and rising bond yields for Spain and Italy, along with sharp losses for those markets.
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We often get fearful queries from short-term traders who are concerned about short-term movements in the precious metals market.
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Yellow and silver are our favorite colors, but red is what we are seeing on the boards this week after the U.S. central bank dashed hopes for more monetary stimulus and a weakened euro weighed on sentiment.