Both gold and silver experienced a huge price drop in trading today. Gold futures base the most active December contract lost $ 78.90, a total decline of 3.92%, and is currently set at $ 1934.20. Silver had a larger percentage gain of 4.77%, down $ 1.34, with the September futures …
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The Federal Reserve has initiated an unusual level of quantitative easing. In essence, the Fed has stated that it will do whatever it takes, as long as it takes to produce effective economic stability. Which in turn will lead to a recovery that is as strong as possible, thereby limiting …
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Any true correction that many traders expected could come and go, with market participants buying every reasonable dump in prices. One-day decline of $ 117 from last week seems to be the definitive cap on a shallow correction, resulting in gold withdrawal of about 23% before support was found. After …
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The story was made today when the price of gold closed near the highest daily level since August 22, 2011. In fact, as of 5:50 PM EDT, the most active August contracts are currently set at approximately $ 1900.30. On a weekly chart, gold closed at a new record price …
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Precious metals made dynamic gains today as a double whammy hit many short sellers. This knockout is the net result of two main ingredients; extreme weakness of the dollar and aggressive purchases by merchants and market participants. Price movements in both gold and silver brought those precious metals to levels …
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