Kitcommentary from Kitco Metals Inc. - "Jackson Hole In One?"
Updated: 2012-08-31 15:00:00
August 31, 2012 (Investorideas.com Mining stocks newswire) Holding patterns that developed earlier in the trading week remained manifest for the past several sessions as well.
By Axel Merk Vice President Joe Biden was accused of racism when suggesting a Romney administration would “unchain banks” that in turn might put the black audience he was talking to back into “shackles.” The political uproar overshadows a reality that knows no racial boundaries: a person in debt is not a free person; a [...]
Yahoo Finance ran a story today entitled "Gold, Silver & Copper Are All Heading Lower." Nothing worth discussing about the specifics of the article - the real story here is that this a classic contrary headline seen at market bottoms, not tops. What is the really smart money doing in the gold market as the [...]
By Vin Maru Financial Alchemy and Fraud In Gold The gold bull market is alive and well as the summer doldrums come to a close and gold accumulation and trading starts to heat up going into the fall. As the gold bull market matures and it draws more attention from investors all around the world, [...]
South Africa continues to be wracked by violence as striking platinum mine workers clash with police. In a confrontation between police and striking mine workers, a gunbattle resulted in the shooting deaths of 34 miners. The center of the violence is at the Lonmin mine which suspended most production earlier this week when violence between [...]
Despite the correction in gold prices since last summer, investors in gold ETFs have increased their stakes. Worldwide holdings of gold ETFs are now at a record 2,417 metric tons according to Bloomberg News. The SPDR Gold Trust (GLD) is the largest gold ETF and has returned a lustrous annual return of 18.4% since the [...]
Precious metal investors who have a deep appreciation for the artistry of gold and silver coins are likely to be blown away by the latest medals issued by the Royal British Mint. As reported by World Mint News Blog, the Royal Mint has issued two magnificent gold and silver medals that showcase the skill and [...]
As noted in a recent post, the price of platinum has plunged almost $500 per ounce since last summer (see Platinum - Time To Buy Or Will The Bears Win?). Industrial and jewelry demand for platinum has decreased substantially due to decreased car sales and a slowing world economy. Potentially offsetting the weak demand for [...]