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Precious MetalsGold Prices Down This Week, But Big Money Stays Invested
It's been another painful week for the precious metal amid what's been one tough year for gold bulls.
Gold futures ticked up Friday, following a two-day dip that left gold prices at levels not seen since early summer.To continue reading, please click here...
Precious Metals4Gold's Shocking New "Pick and Shovel" Play
Ever since humans realized the intrinsic value of gold, we've constantly searched for – and perfected – ways to find more.
From early methods like panning and trenching, to lode prospectors hunting for rock outcrops and veins, to the invention of drill bits…
In modern times, we use increasingly sophisticated tools and techniques, such as seismic sensors, magnetometry, and gravimetrics to help locate potential gold deposits.
But, after thousands of years of digging for gold, the low-hanging fruit's already been picked. Most remaining deposits are becoming increasingly difficult to find, and increasingly low grade.
Now, a surprising, brand-new gold prospecting tool may be in the offing – one that's far less technologically demanding, and much less invasive.
It seems nature itself has found a way to extract gold from the ground.Take a look at this picture...
Precious MetalsInvesting in Platinum: Demand to Hit Record High in 2013
Industrial firms, Wall Street hedge funds, and any big money investing in platinum anxiously await Johnson Matthey's semi-annual review of the platinum industry – and they got incredibly interesting reading in the group's most recent report, released Tuesday.
In its Platinum 2013 Interim Review, Johnson Matthey said the platinum market this year is moving toward a supply and demand deficit of 605,000 ounces – the largest deficit since 1999. That's up from a 340,000-ounce shortfall in 2012.To continue reading, please click here...
Precious Metals3Gold News: China Poised to Overtake India as Biggest Gold Consumer
The latest gold news out of China is yet another bullish development for investing in the yellow metal…
Increasing gold demand in China has put the Asian nation on track to become the world's biggest consumer of the precious metal.
According to the World Gold Council, China's gold consumption is on pace to increase to a record 1,000 tons this year, up 29% year over year, surpassing India as the leading global user of gold.Imagine what this will do to the price of gold over the next few years...
Precious Metals5"Democratize" Gold and Give the Government a Black Eye
We all know that, so long as the Fed keeps the printing presses on, the risk of a worldwide currency crisis gets even higher.
Gold, of course, is the timeless hedge here – for all the reasons you and I know.
But are we truly prepared for a currency crisis?
Much of the gold in the United States is owned by big institutions: the Treasury, the Federal Reserve, and bullion banks. So, if a currency crisis hits, their 8,900-ton hoard won't do us a bit of good.
But there is one country whose "democratic" approach to gold ownership will allow its people to survive a currency crisis, literally, in fine style.
Not only that, but this country's people are giving their government a whopping black eye for its heavy-handed ways in the process.Here's what's going on there...
Precious Metals4Make a "Precious" Exception for This $4 Stock
You know exactly where I stand on gold, and what my stance is on silver.
You know I'm bullish on palladium, too. And platinum.
But metals don't have to be shiny or precious to make you money.
Indeed, the only "precious" thing about the metal I'm recommending today is its profit potential.
It's huge.And Mick Davis knows it...
Precious Metals1Why Gold Prices Are Up Today
Gold moved sharply higher Tuesday thanks to a weaker-than-expected September jobs report – and our country's employment situation is yet another reason why gold prices are up today and will resume their climb…
Perhaps anticipating a weak number, gold prices began moving higher shortly before the jobs report. Gold moved up $5 to $1,320.80 two minutes before the release.
Following the report, gold surged.To continue reading, please click here...
Precious MetalsWhy Gold Prices Fell Yesterday
Gold prices seem to have stabilized today, trading once again above the $1,300 an ounce mark.
This follows a tumble yesterday of more than $40 an ounce to as low as $1,284 an ounce. That price was nearly a two-month low and put the precious metal down 23% in 2013.
At that level, gold was trading more than $50 below its 50-day moving average. To technical analysts, this confirmed the downtrend in the precious metal, bringing about a wave of selling by those who strictly follow the charts.
However, there were factors at play in gold's selloff other than technical selling.To continue reading click here...
Precious Metals5Investing in Silver Now Is Outshining Gold
Precious metals investors are investing in silver now at a higher rate than gold – and the price is rewarding them.
The physically backed iShares Silver Trust (NYSE: SLV) took in $88.2 million in new money last month, according to data from IndexUniverse. UBS expects holdings in major silver exchange-traded funds (ETFs) worldwide to grow by 10 million ounces (311 tons) this year.
That's a stark contrast to the $227 million of outflows in the gold-backed SPDR Gold Trust (NYSE: GLD) and $6.66 billion among fixed-income funds.
Here's why those bets will pay off.To continue reading, please click here...
Precious MetalsHigher Gold Prices in 2014
Gold prices today continue to bounce up and down based on speculative headlines.