Despite recent price drops, gold as a long term investment is still viable, says Scott Carter of Lear Capital.
Articles Tagged "united states"
Gold prices rose May 22 due to a falling US dollar and US Federal Reserve officials diminishing investors' fears that it would reduce its bond-buying program, Reuters reported.
Gold continued its decline May 21 as the U.S. dollar strengthened and speculation that the U.S. Federal Reserve may reduce its stimulus program rises.
Gold prices fell today, putting the metal on track for its longest run of losses since March 2009.
Cost inflation, combined with a lower gold price, is forcing major producers to make some hard decisions.
When the metals markets tumbled in mid-April, The Gold Report reached out to "the original investor bug" and author of The Dines Letter, James Dines, for perspective. He predicted a crash in commodity prices two years ago based on his analysis of a weak Chinese economy. Next, he says, will be a bond market bust once interest rates start to climb. This will lead to "a stampede to get out of bonds like a herd of elephants attempting to exit through a revolving door." How can investors protect themselves? That is Dinesism #38.
Nevada is one of the world's most productive gold regions, and juniors are busy aiming to extend that legacy.
Precious metals miners and explorers were dragged down by Wednesday's broad stock market sell off as well as signals that quantitative easing, the US Federal Reserve's stimulus program, may end by summer.
Gold Investing News sat down with Chris Powell of the Gold Anti-Trust Committee to discuss what is going on in the gold market in terms of manipulation.
The CFTC is reportedly discussing manipulation of London gold and silver prices.