Gold bugs are smiling this week, especially after the price of gold surged ahead to a four-month high breaking past $1,150 an ounce Wednesday despite relative dollar strength and the bearish voices heard throughout the market last week.
Articles Tagged "gold bugs"
By Kishori Krishnan Exclusive To Gold Investing News There are two ways to play the gold game. Either keep a watchful eye on the biggies and check out their every move, or latch on to some tried and tested junior gold miners, many of who are set to have their day in the sun. Back [...]
By Kishori Krishnan Exclusive To Gold Investing News The Emperor is naked. The debt of the US government is turning out to be in fact irredeemable. And gold is poised to break out. Remember, gold outperforms in a crisis. The inconspicuous beginnings of irredeemable debt have blossomed into a colossal edifice in the United States, [...]
By Kishori Krishnan Exclusive To Gold Investing News The numbers have come in. Treading gingerly but showing the way, Rio Tinto, the international mining group that combines Rio Tinto plc, listed on the London Stock Exchange and Rio Tinto Limited, listed on the Australian Stock Exchange, has reported a pre-tax profit of US$ 7.86 billion [...]
By Kishori Krishnan Exclusive To Gold Investing News The bears appear to be moving in. Eager to retain their stranglehold on bullion, the bears are placing gold in a very vulnerable position at this point. Though gold posted its biggest rally since October on Monday, with spot gold trading at $1,105.13, up 2.25 per cent, [...]
By Kishori Krishnan Exclusive To Gold Investing News Its bargain hunting time. Gold continues to be the bright spot in the bullion market, with many investors timing the dips as a good opportunity to buy more of the precious metal. For the first time in four days, gold gained in New York on speculation that [...]
By Kishori Krishnan Exclusive To Gold Investing News Gold miners are adding to their reserves. And fast. Given the strong metal prices, precious metal miners are using their cash flow from existing operations to pay for new acquisitions. Especially Vancouver-based miners, who are now aggressively pursuing growth projects. Most have realized one thing – that [...]
By Kishori Krishnan Exclusive To Gold Investing News The figures speak for themselves. Gold is looking hesitant as it continues to correct its recent run to the upside. Gold price suffered its worst day of 2010 as the price plunged $23.99 to $1,127.72 per ounce on January 12, on news of China’s central bank moving [...]
By Kishori Krishnan Exclusive To Gold Investing News Here we go again – is gold price in for a slide or a rise? Wednesday morning the gold price fell through $1,120 per ounce, its worst decline in 2010, as a marginally weaker US dollar was unable to buoy the price of gold. Throughout the day, [...]
By Kishori Krishnan Exclusive To Gold Investing News Its sabre rattling of the worst kind. Trade friction between the United States and China has reached gigantic proportions. And gold appears to be caught right in the middle of these heavyweights doing their dance routine. Americans are increasingly disturbed by the growing economic clout of China. [...]