Tim Iacono Of course, the price of gold has been making new all-time highs in other currencies for months now, but, today it was the yellow metal’s turn against the U.S. dollar and this afternoon’s close at $1,232.50 an ounce eclipsed last December’s record of $1,227.50 an ounce for the near-month futures contract. Safe haven [...]
By Jeff Clark, Senior Editor, Casey’s Gold & Resource Report and author of this new FREE Special Report: ‘When Is the Right Time to Buy Gold?’ Jerry’s broker wrinkled his nose in disapproval. “I don’t like it, Jerry,” he said in a grave tone, as if scolding a misbehaving child. “Why don’t you invest in [...]
Scott Redler of t3Live Tiering in and out of Gold has been working great. By taking trades along the way, it gives you the opportunity to “handle” down moves like today. I am only in Tier 2 right now, but I think Gold held up great today. If you do not own any gold I [...]
By Jordan Roy-Byrne, CMT In the wake of continuing global financial turmoil, we hear quite a bit about “safe havens.” Ask someone today and they’d tell you that the US Treasuries are a safe haven and probably Gold also. On a day-to-day basis, certainly the US Dollar and US Treasuries are safe havens. The financial [...]
Tyler Durden The market is starting to appreciate the “controlled demolition” of the fiat system. The concern: the thin line between controlled and uncontrolled is one brief freakout away. In which case, gold will certainly be below lead on the valuation chain.
Gold Scents I’m going to start off by stating that I don’t think Bernanke is going to ”get away” with the insane monetary policy he’s chosen. Printing trillions of dollars, cutting rates to zero, trying to manipulate the bond market and generally tampering with the natural market forces is going to have consequences. There is a [...]
The past couple weeks we have seen sellers control the price of gold. This can be seen on the charts by the light volume drifts up then heavy volume sell selling sending this metal sharply lower. This type of price action provides some excellent intraday shorting opportunities. On the other hand the SP500 has been [...]