Although I don’t get paid for managing money I feel I owe it to readers so they can better evaluate what I write in the future. Originally from MarketWatch
Whatever glow there might have been from last week’s European summit turned to gloom as markets turned downwards Monday. Global investors drove down everything in sight, including gold which dropped nearly 3% to a seven-week low to trade under $1,660 an ounce. Gold got lumped with other assets considered risky (we live in interesting times, [...]
Early Wednesday, the euro dropped to under $1.30, its lowest level since January. The decline came after Italy paid a euro era record yield of 6.47% to sell five-year notes. Last month, Italy paid an average yield of 6.29%, which shows that despite the EU summit, there has been very little change in the euro [...]
One explanation for gold’s nearly 5% dive on Wednesday is that money managers are cashing out of gold and shifting into money-market funds, where yields are zilch and performance is flat, but the chances of getting your shirt cleaned are slim.After all, although gold GC2G ran up as much as 33% this year, toying with [...]
U.S. stocks on Wednesday close lower for a third straight day as Wall Street worried about the toll of Europe’s debt struggles on the global economy, with investors also unloading gold and the euro. Originally from MarketWatch
Wall Street stretches losing streak into another session as investors follow Europe and the fall of its common currency. Gold falls below $1,600 an ounce. Originally from MarketWatch
Wall Street stretches losing streak into another session as investors follow Europe and the fall of its common currency. Gold falls below $1,600 an ounce. Originally from MarketWatch
Wall Street stretches losing streak into another session as investors follow bond auctions and the euro’s fall. Gold plunges well below $1,600 an ounce. Originally from MarketWatch
Mach M writes: Financial idiots and frauds who are trying to crash Silver & Gold price, they will crash world economy because Gold & Silver are the pillars of world economy and they are hedge against inflation. If the pillars are not strong and frauds try to break the pillars then the 200 storey building [...]
According to economist Dennis Gartman, there is evidence of the beginning of a real bear market in the yellow metal that could see the metal decline to as low as $1,475 as the bull market declines Originally from Mineweb – Daily news headlines
Cusick’s Corner Disconnected, that’s how the market is trading — VIX DOWN/FLAT, Equities DOWN, Gold DOWN, Crude UP and lastly, Small Caps DOWN. When you take the pulse of the market you find the S&Ps up at 1220, and the Bonds, 30yr at 143, which means that this is a market that has to choose [...]
Supplies run low as Fire River Gold’s remote Alaskan mine is cut off from fuel supplies for 10 days and counting. Originally from Mineweb – Daily news headlines
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