Commentaries

A potential bull market in commodities, precious metals and miners could accelerate higher if Congress gives Obama the approval to attack Syria based on the use of chemical weapons of mass destruction against innocent civilians. Commodities, energy, gold and silver are safe havens that usually rise in value during international conflicts and war.

Yesterday, gold stopped a five-day rally that had pushed it to its highest since mid-May, and lost some of its safe-haven appeal as the chance of imminent U.S. military strikes against Syria seemed to diminish, and investors booked profits.

It seems that everybody is talking about the yellow metal and wondering where will the next local top form.

TICKERS: EXN; EXLLF, PEM, SVB; SVBL, TV; TREVF Source: Brian Sylvester of The Gold Report  (8/28/13) PureFunds has a simple strategy: Be first in the market with innovative exchange-traded funds. Andrew Chanin, PureFunds’ co-founder and COO, describes the firm’s ISE Junior Silver ETF and the factors that make a “leveraged play to the actual spot price of … Continue reading

Last week we illustrated how gold should be treated as a special alternative to dollar denominated paper assets.

According to Bloomberg, the Fed stimulus helped in pushing the S&P 500 up as much as 153% from its March 2009 low, as better-than-estimated corporate earnings also fueled equity gains. Of the 483 companies in the S&P 500 that have reported quarterly earnings this period, 71 percent surpassed profit estimates.

Having seen a bottom in July, the price of gold has rebounded and seems to be relatively flat.

BULLION prices recovered most of an earlier dip lunchtime Wednesday in London, with gold trading 1.2% lower for the week so far ahead of policy-meeting minutes from the US Federal Reserve.

Without a doubt, markets are waiting for the release of minutes from the Fed’s July policy meeting for clues on the timing of stimulus tapering.

Whether the stock market is in a long-term bullish trend or a long-term bearish trend can’t be determined by looking at nominal prices.

According to Reuters, last week India hiked the import duty on gold yet again to a record 10% and raised excise duty on the metal, as imports jumped in July despite the government’s attempts to strangle supply and curb demand to rein in dollar spending.

Last week we focused on the idea that gold is not an inflation hedge.