Jim Kingsland FOXBusiness Gold could go well above $1,000 an ounce in the next couple of years, according to some people bullish on the metal, who say China could boost the yellow metal’s price significantly if it takes the policy actions one of its research officials is advocating. A Chinese academic with ties to the [...]
Peter Schiff Jun 26, 2009 Misguided government policies have already dealt vicious body blows to our economy, but that hasn’t stopped politicians this week from launching two new kicks to the groin: a national health insurance plan and a carbon emissions regulation system called “cap and trade.” Even if these plans could achieve their desired [...]
Gold closed slightly higher on Friday as it consolidates above the 10-day moving average crossing at .9327 signaling that a short-term low has been posted. Profit taking tempered early gains and the low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI have turned bullish signaling that sideways [...]
Courtesy of Business Insider Nathan Lewis, a money manager and gold investor, has got a fun and scary mystery in the gold world. Over at HuffPo he cobbles together some very circumstantial evidence to suggest that something may be amiss at the Comex gold depository, which holds customers’ gold bars for a small monthly fee. [...]
(Reuters) – Gold prices edged above $940 to a one-week high on Friday as firmer oil prices supported bullion’s appeal as a potential hedge against oil-led inflation. The precious metal has gained about 1 percent this week after touching a six-week low on Tuesday, a point traders said was a consolidation level. Gold’s upside may [...]
Gold closed higher on Thursday due to short covering and above the 10-day moving average crossing at .9325 signaling that a short-term low has been posted. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI are oversold and are turning bullish hinting that a low might [...]
“Should we buy gold or U.S. Treasuries? The U.S. is printing dollars on a massive scale, and in view of that trend, according to the laws of economics, there is no doubt that the dollar will fall. So gold should be a better choice,” said Li Lianzhong, who heads China’s economic policy research office to [...]
(Reuters) – Gold climbed on Thursday, rising above $939 per ounce as investors found support from indications by the U.S. Federal Reserve that it was in no hurry to raise borrowing costs from ultra-low levels. Spot gold stood at $934 per ounce at 8:48 a.m. EDT, up from $931.10 quoted late in New York on [...]
Gold was slightly lower overnight as it consolidates some of Wednesday’s rally. Stochastics and the RSI are turning bullish hinting that a short-term lower might be in or is near. Closes above the 20-day moving average crossing at 949.90 would confirm that a short-term low has been posted. If August extends this month’s decline, the [...]