Gold Prices 2013

Gold'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...

Why Gold Prices Fell Yesterday

Gold bar isolated with clipping path

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.

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Short-Term Gold Price Outlook is Bullish

Bar chart from gold ingots

Gold continues its short-term rally as assurances from Federal Reserve Chairman Ben Bernanke that QE3 remains alive kept the precious metal on track for its first weekly advance in a month.

After Bernanke's pronouncements, gold prices jumped by 2.6% to $1,299 per ounce, marking a fourth winning day in a row - gold's longest winning streak since mid-March.

In turn, the U.S. dollar dropped sharply because Bernanke indicated the Fed isn't in any hurry to raise interest rates.

You see, gold prices and the dollar are connected: a weaker dollar helps dollar-denominated commodities because it makes them less expensive to buy for holders of other types of currencies. Demand also increases for gold as a hedge against a drop in the dollar's value.

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Has the Great Gold Crash Divorced Bullion from Futures Prices?

The Great Gold Crash in April has likely set in motion one of the biggest shifts in precious metals markets in a lifetime.
While some big players likely stepped in to crush the markets for personal gain, they may have accidentally also made a move that will divorce gold and silver bullion pricing from gold and silver futures.
Forget about gold miners vs gold stocks, we're talking a whole other level of magnitude if this trend takes hold.
Here's a look at the circumstances, the players and what to expect next...

Jim Rogers on Investing in Gold 2013

Gold bar isolated with clipping path

Money Morning Executive Editor William Patalon III recently had a chance to catch up with famed investor Jim Rogers on investing in gold, U.S. stocks, and the best commodities for 2013.

Renowned commodities investor Rogers is concerned about the worldwide economy, but he's not worried about the recent sell off in gold.

In fact, he stands poised to pounce on the yellow metal should it fall further.

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Why Gold Prices Are Up This Week

gold

It's been a good few days for investors holding on to gold, and we've been getting lots of questions as to why gold prices are up this week.

Gold futures had their biggest one-day gain of the year Thursday, up nearly $40 an ounce, and ended the week up 4.2% at $1,453.60.

At one point this week, gold had retraced half the loss it incurred during its April nosedive. In a two-day period, the yellow metal fell $225 an ounce, hitting a two-year low on April 15.

It is natural for any financial asset to enjoy some sort of a rebound after such a steep plunge. But there are some sound fundamental reasons as to why gold is up.

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Jim Rogers on Gold Prices 2013

With the yellow metal down about 14% this year, wouldn't it be great to get the scoop from famed investor Jim Rogers on gold prices in 2013- specifically, why they're down, and if investors should still bet on a long-term gold bull market?

We had a chance to ask Rogers those very questions last weekend.

Sunday evening, Money Morning Executive Editor William Patalon III spoke on the phone with Rogers - who was at his home in Singapore - in a wide-ranging discussion about gold, U.S. stocks, commodities and global central banks' "race to the bottom" - or, as Rogers calls it, "race to insanity."

In this exclusive interview, the legendary investment guru took us on a tour of the gold market, taking a close look at what's driven the past 12 years of gold price gains - and what will move the yellow metal going forward.

He also pointed out the one fundamental reason why gold prices fell recently...

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