By: Scott Wright, Zeal Intelligence LLC - 29 April, 2011
By owning GLDX investors can indeed strike gold with these juniors, positively leveraging the underlying metal and the larger mining companies that are bringing it to market. This ETF is comprised of some of the world’s elite gold explorers, and if you aren’t a stock picker it may be your best bet to ride the gold-discovery wave. Full Story
By: Julian D.W. Phillips, Gold Forecaster - 29 April, 2011
It seems that the sobering press conference Mr. Bernanke gave, has drummed home that the current state of the U.S. economy, interest rates and by extension the dollar, looks far less encouraging than was thought. Like person suffering from anemia the U.S. is vulnerable to more sicknesses that could strike the body far more severely than if the patient were healthy. So the dollar continues on its downward path giving the appearance that gold and silver are rising. In fact everything is rising in dollar terms, because the dollar is seriously stumbling on foreign exchanges. Full Story
By: Julian D.W. Phillips, Gold Forecaster - 28 April, 2011
Amazingly the U.S. is very focused on events in the U.S. and not outside of the country. So they miss the very real fact that the oil price in the euro is not rising at all. It is rising in the dollar because the dollar is falling. Stand where oil producers stand and you can see why they are cutting production to hold prices up. They see even steady prices in the U.S. dollar as cutting their revenues unfairly. Full Story
WHOLESALE PHYSICAL gold investing extended last night's strong price gains on Thursday in London, heading into the second 4-day weekend in succession at fresh all-time highs above $1534 per ounce as new US data showed inflation accelerating sharply. Full Story
Today could well be a high risk day for precious metals as well as a host of other markets as Mr. B. Bernanke faces the TV cameras. His words will almost immediately impact markets and traders out there have their fingers poised above their buttons. Volatility may well be short-lived but it could be dramatic. What he says is predictable and will be unlikely to disturb markets long-term, but short-term volatility will reign. Full Story
THE WHOLESALE MARKET price to buy gold rose but silver held flat in Asian and London trade on Wednesday, as the Dollar fell, European equities rose, but "peripheral" Eurozone debt sank again, driving credit-default insurance costs up to new record levels. Full Story
The volatility of the gold and silver markets over the weekend was due at first to Asian demand taking the price up to nearly $50 at a time when suppliers could not replenish stock until after the weekend. Once New York returned many investors believing that silver has risen too far too fast turned sellers. The slight recovery in the dollar helped with that. But as the main market, London, reflects the true global demand we are getting back to where we were before the end of last week. Full Story
"Despite silver setting new nominal record highs in the past week, the Comex net long position [in silver futures contracts] is far from record levels," says the latest Precious Metals Weekly for ABN Amro from the VM Group in London, "implying that [London-centered] physical trade is driving the price." Full Story
1st Hour: - Headline news & the Market Weatherman Report. - Spotlight Stock Picks. - Host Chris Waltzek & Bob Chapman, The International Forecaster discussion and answer listener's questions.
2nd Hour: - Dr. Stephen Leeb, Leeb Capital Management - Bob Hoye, Institutional Investors Full Story
The content on this site is protected
by U.S. and international copyright laws and is the property of GoldSeek.com
and/or the providers of the content under license. By "content" we mean any
information, mode of expression, or other materials and services found on GoldSeek.com.
This includes editorials, news, our writings, graphics, and any and all other
features found on the site. Please contact
us for any further information.
Live GoldSeek Visitor Map | Disclaimer
The views contained here may not represent the views of GoldSeek.com, Gold Seek LLC, its affiliates or advertisers. GoldSeek.com, Gold Seek LLC makes no representation, warranty or guarantee as to the accuracy
or completeness of the information (including news, editorials, prices, statistics,
analyses and the like) provided through its service. Any copying, reproduction
and/or redistribution of any of the documents, data, content or materials contained
on or within this website, without the express written consent of GoldSeek.com, Gold Seek LLC,
is strictly prohibited. In no event shall GoldSeek.com, Gold Seek LLC or its affiliates be
liable to any person for any decision made or action taken in reliance upon
the information provided herein.
