Today’s AM fix was USD 1,593.25, EUR 1,219.39 and GBP 1,051.23 per ounce.
Yesterday’s AM fix was USD 1585.00, EUR 1225.83 and GBP 1061.05 per ounce.
Gold was marginally higher yesterday and silver marginally lower. Gold rose just 20 cents and closed at $1,588.50/oz. Silver fell 15 cents to close at $28.75/oz.
Silver is trading at $28.80/oz, €22.40/oz and £19.20/oz. Platinum rose to $1,587.25/oz, palladium to $771.00/oz and rhodium stayed at $1,250/oz.
Brent Cook: How to Turn Rock into Money
Source: Brian Sylvester of The Gold Report (1/4/13)
What if the shockingly low valuations of some junior mining companies are really all they’re worth? As the market shakes off years of exuberance, Brent Cook, co-editor of the Exploration Insights newsletter, searches for the truly undervalued—finds as rare as gold itself. In this interview with The Gold Report, Cook talks about high-margin deposits [...]
Today’s AM fix was USD 1,704.00, EUR 1,316.44, and GBP 1,057.01 per ounce.
Yesterday’s AM fix was USD 1,715.00, EUR 1,317.71, and GBP 1,063.24 per ounce.
Silver is trading at $31.76/oz, €24.72/oz and £19.80/oz. Platinum is trading at $1,552.80/oz, palladium at $594.20/oz and rhodium at $1,045/oz.
Gold climbed $11.80 or 0.69% in New York yesterday and closed at $1,712.70. Silver surged to a high of $32.232 and finished with a gain of [...]
October 12, 2012
It makes perfect sense – the globalist European Union has received a “peace” award dreamed up by a guy who manufactured armaments and invented dynamite.
One-worlders and banksters were joyous.
“It is a great, touching moment for the EU to get the Nobel Peace Prize 2012 for the decades of working on peace, democracy and wealth on our continent,” gushed Werner Hoyer, President of the European Investment Bank.
Herman Van Rompuy, president of [...]
By Ben Weiss
TEL AVIV (MarketWatch) — With investors consuming a daily dose of financial facts and figures, few may have digested that one of the best performing stock markets in recent years has also been the first one to open each day: New Zealand.
Rarely in the investor spotlight, this Pacific nation of just 4.2 million people is home to some of the planet’s most majestic scenery and [...]
Wolf Richter www.testosteronepit.com
Consumer optimism has been rising from the horrid multi-year lows in August and has reached the highest levels since, well, May. It whipped hope into a froth. Rising confidence would pump up consumer spending, which would pump up everything else. But the inexplicable American consumer, the toughest creature out there that no one has been able to subdue yet, had other plans.
The Thomson Reuters/University of Michigan consumer sentiment hit 74.0 [...]
We at EconMatters expected the QE2 froth to come out of markets once the fed experiment of artificially inflating asset prices was over, and for the most part this is exactly where we are today at the crossroads.
Are we going to just trudge along with a slow growth economy until the world finally works its way out of the housing inventory overhang, and the next building phase takes hold and [...]
Second-Hand Wardrobe Day
Some things are even better the second time around. A gently worn jacket, a flowing skirt or a sparkling piece of costume jewelry could all add touch of Bohemian charm to your classic wardrobe. Or maybe you need to find pants and coats for your kids who seem to grow nightly.
Second-hand Wardrobe Day brings awareness to saving money and the earth [...]
Euro Gold Targets Record EUR1,072/oz on Risk of Forced Greek Default and Euro zone Debt Contagion
Gold and silver continue to rebound from their sell offs as Euro zone periphery worries intensify with real risks of defaults and possible contagion. Gold has risen from €1,010/oz to over €1,057/oz since Friday. The long period of correction and consolidation may soon see a break out above [...]
In the last thirteen years, a new financial order replaced capitalism in America. With cat-like tread, this transformation has caught most Americans unaware, let alone some of country’s best financial minds (many of them fascist anyway).
This new order constitutes the socializing of risk, a concept I have termed: Sociapitalism.
Sociapitalism is different than Social Capitalism – a European concept. Social capitalism is the redistribution of wealth through social programs, such as [...]
by Gold Core
Perfect Storm for Gold & Silver – Silver Surges 6% in Week to $40.28 – GFMS Forecast $50/oz This Year
Gold and silver reached new record all time and 31 year highs again yesterday and this morning – both nominal highs. Silver has surged to a new 31 year nominal high of $40.28/oz and may now target next resistance at $50/oz – the 1980 [...]
by Ted Kavadas, SA
There are various aspects of the stock market that lead me to conclude that the stock market is experiencing a bubble.
First, for reference purposes, here is a 1-year daily chart of the S&P500 updated through February 28, 2011:
(click on chart to enlarge)
Chart courtesy of StockCharts.com
Here is a list of various general areas that, in total, I believe support the conclusion that the stock market is [...]
Gold Bar Premiums at 17-Year High in Hong Kong â€“ Safe Haven Bid on Inflation and Egypt Concerns
The geopolitical ramifications of the revolution in Egypt and the likelihood that it will spread throughout the Middle East, North Africa and possibly further afield is leading to volatility in markets. Equity indices in the Middle East and Far East were mostly down (except for China) [...]
By Dian L. Chu, EconForecast
Talk about another internetÂ bubble.
New York Times broke the news on Jan. 2 that Facebook, the social network website, was able to get $500 million in funding–$450 million from Goldman Sachs and $50 million from Digital Sky Technologies, a Russian investment firm that has already pumped about half a billion dollars into Facebook.
But the real eye popping fact is that this latest deal [...]
by Jason DeSena Trennert
â€œIt just canâ€™t be right,â€ said the 30-something hedge fund manager through a towel after a grueling 45 minutes on the squash courts of the New York Athletic Club.
â€œI mean, G. Gordon Liddy is trying to selling it to me on Fox News. My orthodontist owns gold — he wears gold, for crying out loud. It just canâ€™t be right,â€ he said, shaking [...]
As always, very useful economic and market commentary from David Rosenberg.
If this European crisis has accomplished anything, it has taken the froth out of commodity prices. Even gold is softening but every time it goes to test the 200-day m.a. Ã¢â‚¬â€ now at $1,100 oz Ã¢â‚¬â€ it becomes a great buying opportunity. Moreover, this has all but eliminated the overvaluation gap in the Canadian [...]