Last price118.44Prev Close120.86
Day Low118.24Day High118.78
52 Wk Low115.9452 Wk High165.77
Investing in Gold Mining Companies: Don't Ignore This Number
In mid-July, anyone investing in gold mining companies saw their year-to-date share prices fall to levels not seen since the 2008 financial crisis, down more than 50% on the year.
As Money Morning Global Investing Strategist Martin Hutchinson pointed out, no sector right now is more unloved than the gold sector.
Experts Predict 30-Day Window for Gold
We've been studying the resource markets - and gold in particular - for over 30 years. And have seen almost every cycle the yellow metal has gone through.
One thing is certain in our opinion: International investors, central banks and corporations are all looking to buy gold... And these slow summer months are likely providing the best price.
Asian investors, especially in China and India, are buying coins and bullion like mad. Sales are up 22% annually in China and 52% in India.
It's Time to Climb Aboard the Oil-by-Rail Boom
Rail transit is about to make you some big money...in oil.
That's why I'll be headed to Dallas in late August and Calgary mid-September for extensive meetings with all of the key players.
I can promise you, that in a hurry this is going to get a lot bigger.
As it happens, I'll be providing all of the details for average investors to profit from this monumental change.
Why Gold Prices Are Rising Now
On Monday, gold enjoyed its biggest one day jump in more than a year. It hit a four-week high as the precious metal staged a rebound. Gold finally broke through the $1,300 an ounce technical resistance level and finished above $1,335 an ounce.
Short-covering by technically-oriented traders and the perception that the Fed will continue QE for the foreseeable future are the short-term answers as to why gold had such a strong day. But there are solid fundamental reasons as to why gold should and will recover in price in the months ahead.
Stock Market Today: How Will Gold Follow Its Biggest Gain in a Year?
The stock market today is flat in morning trading with investors focused on earnings and gold this week.
Today's stock market follows a mild day Monday as investors awaited earnings from Netflix Inc. (Nasdaq: NFLX) after the close, and a flood of earnings later in the week. But the S&P 500 Index still managed to eke out another record close
Why Ben Bernanke's QE3 Comments are Bullish for Gold Prices
When Ben Bernanke speaks, the gold market listens - closely.