The European continent seemed to disappear from the financial map last week. There was no Greece, no Portugal, no Italy nor any other euro-anything that troubled investors. European equity markets rallied for four straight days, while the Dow Jones Industrial Average rallied five straight days — chocking up a 500-point gain in the process. Precious metals, on the other hand, retreated as investors seemed to forget what worthwhile purpose these elements serve.
[Read more...]Awaiting the Inevitable Correction in the Silver Price
September 15, 2011 By Leave a Comment
The International Can-Kicking Team is busy again today, as the European Central Bank, US Federal Reserve and three other central banks linked arms to kick the European debt crisis down the road until the end of the year.
Specifically, the Can-Kickers announced that they would provide three-month US dollar loans to European banks to insure that the banks have enough liquidity to make it to the end of the year.
[Read more...]88% Scientifically Accurate Predictor of Gold Value
February 24, 2010 By Leave a Comment
Predicting the price of gold in the future has always been more art than science. Stocks, bonds, and other investments are generally valued based on their future cash flows, an attribute that gold simply doesnt have. In fact, beyond taking note of macroeconomic principles and using historical trends as a guide there are few agreed upon techniques for understanding golds price movement.
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Mining for Gold on Wall Street
Many technical analysts are saying the gold and silver markets are “breaking down.” I say the precious metals markets are cracking up…with laughter at the monetary shenanigans going on in the US, Europe and elsewhere.
Sure, gold and silver have suffered a sharp correction over the last few weeks. But so what; corrections always occur during long-term bull markets. Gold and silver are still cheap, which means that long-term investors cannot afford to ignore the recent weakness in the precious metals markets.
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