Silver

Cyprus lawmakers this week rejected a controversial euro bailout package, which would have set a dangerous precedent by taxing ordinary bank depositors to pay part of the bill.

The gold naysayers are still out there in droves, other than Lady Gaga who is ensconced after surgery in a custom-designed, 24-carat gold plated wheel chair.

Recent developments on the currency market may worry some gold and silver investors, as dollar refused to move lower at the cyclical turning point, an issue which we touched upon in our last essay, and euro seems to have broken below its medium-term rising support line.

GOLD dropped below $1580 per ounce Thursday morning, while gold in Sterling and Euros fell back below £1060 and €1225 an ounce respectively, extending losses from a day earlier that following stronger-than-expected US retail sales data.

First Majestic to buy back up to 5.84 million shares….

As eventually happens to every dog, over the past three months the world’s policy-making fraternity has been having its day

The Dow Jones Industrial Average climbed a steep wall of worry and last Tuesday returned to its all-time high from late 2007.

Investors’ sentiment in the whole precious metals sector is so low that it seems it almost cannot move any further below its current level and it has profound implications for the market:

There are a lot of words in the dictionary to describe what you need these days to be a gold investor: patience, endurance and fortitude are some of them

The London Bullion Market is the global trading centre for physical gold, and the Bank of England holds gold on behalf of other central banks.