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Gold Prices

Why Today's Gold Price Is Down


Tuesday morning, August Comex gold in New York was down $2.50 at $1,104.40 an ounce.

Why today's gold price is down is linked to several factors, starting with the aftermath of the gold "flash crash" that occurred late Sunday night. When China's market opened for trading, a seller dumped five tonnes ($2.7 billion worth) of gold on the Chinese market. Gold fell 4.2% to a five-year low of $1,085 an ounce in a matter of seconds.

Here are the other factors weighing into why today's gold price is down, two days after the flash crash, including China's big reserves reveal, Indian demand, and more..

A Gold "Flash Crash" Happened Yesterday – Here's Why

investing tips

A gold "flash crash" took the yellow metal down 4.2%, or about $50, in a matter of seconds late Sunday night to its lowest level since March 2010.

Just before 9:30 p.m. ET -- or just as China's market opened for trading -- someone dumped five tonnes ($2.7 billion worth) of gold on the Chinese market.

Exactly who is "someone," and why the big sell?

Let's take a look...

How This "Overweight" Gold Miner’s 21st Century Approach Will Get Us a 50% Gain

buying gold

If you're like most of us, I'm sure that at one point or another you've reached one of those crucial career junctures - you know, a point in time when circumstances forced a really tough job choice... or when you made a gutsy career call on your own.

For Rob McEwen, that critical career juncture came in the late 1990s, and it was accompanied by some tough-to-swallow realizations:

He was about to lose his company...

But before long, those fits and starts would lead him, his company - and us - to some of the best profits in the mining sector...

Buying Gold Helps in a Crisis like Greece

buying gold

Historic debt defaults are looming in Greece and Puerto Rico.

Investors are piling into safe-haven, money-alternative gold.

Keep reading to find out why buying gold helps in such a situation and how to buy the shiny yellow metal.

Jim Rogers: Gold Buying Opportunity Seen in "Next Year or Two"

jim rogers gold

A Jim Rogers gold prediction is taken seriously by investors.

Rogers is not only known to like the yellow metal, but his reputation as one of the world's top investors is beyond dispute.

And today (Friday) we received a fresh Jim Rogers gold prediction.

Here's what the legendary investor thinks about gold right now...

New Gold Forecast Shows Bullish News for Prices

gold forecast bars

Gold prices finished Thursday's session up 1.52%.

Dovish Fed comments and concerns of a Greek default should support yellow metal prices.

Keep reading for what this means for the rest of the year's gold forecast...

Seize This Golden Opportunity

price of gold

The turmoil in Europe over whether Greece will be forced out of the Eurozone has been a growing concern for investors as the crisis has worsened in recent weeks.

Sure, politicians and Greece's creditors might find a short-term solution any day now, but we all know what happens when you "kick the can" of debt down the road... the problem usually gets worse.

And if Greece does implode, the trade will be even more profitable...

Your Gold and Silver Forecast for the Second Half of 2015

gold and silver forecast direction of gold

Investors considering gold or silver as an investment or hedge need a good handle on the factors driving their prices.

That's where supply, demand, trend, and sentiment data come in.

With global economic and market factors painting no clear picture about the near-term prospects for a lot of investments, many of you might be considering whether it makes sense to add gold or silver to your portfolios.

To help you decide, here's my take on the direction of gold and silver prices in the second half of 2015...

What to Take Away from This Bold Peter Schiff Gold Prediction  

Peter Schiff gold

You don’t have to live in the world of Peter Schiff gold hysteria to find the yellow metal an attractive investment.

Whereas the Peter Schiff gold price predictions are predicated on gloom-and-doom forecasts of massive hyperinflation and a worldwide financial meltdown, this shouldn’t be why you buy gold.

Economic calamity may not be imminent, but here's why you should still buy gold...

Why Gold Prices per Ounce Today Are Rising

gold prices per ounce

Gold prices per ounce pushed higher Wednesday.

There are three big catalysts moving the price of gold today.

Continue reading here for all three...

Why Goldcorp Stock (NYSE: GG) Is a Buy Today

goldcorp stock

Goldcorp Inc. (NYSE: GG) has managed to survive and rise above other gold miners, avoiding the pitfalls of its competitors.

This means Goldcorp stock is well-positioned to get a nice boost once gold prices move higher again.

Take a look...

Profit and Protect Your Portfolio with This One Pick

Add More Dividend Yield to Your Portfolio with These 30 Stocks

"If you don't own gold, you don't know history..."

Those words were uttered recently by Ray Dalio, the billionaire founder of Bridgewater Associates, the single-largest hedge fund on the planet, with a whopping $170 billion in assets.

Dalio has produced almost 15% annually for over two decades, and now he's warning anyone paying attention that it's time to own some gold. He believes there's just too much risk in not owning gold today.

Let's take that concern for risk and turn it into our profit. Here's how...

Is GDX Stock a Buy?

GDX stock

Many gold-mining stocks have enjoyed healthy year-to-date gains. GDX stock - also known as the Market Vectors Gold Miners ETF (NYSE Arca: GDX) is up 5.4% in 2015, compared to the Dow's 1.3% gain.

Driving gold miners' advances this year are the same drivers of the precious metal. They include Middle East tensions, devalued currencies, loose global central bank monetary policies, and hopes of a later-rather-than-sooner interest rate hike from the U.S. Federal Reserve.

So will GDX stock keep rising? Here's a look...

This New Junior Gold Miners ETF Will Outpace Its Competitors

Gold forward rate

A new gold miners ETF launched by Sprott Asset Management focuses on junior miners - and it's garnering considerable attention.

This new gold miners ETF is perfect for precious metals investors. Selective stock picking is more relevant than ever in this space, as the cyclical bear has pummeled precious metals.

This deliberate approach to designing the new Sprott Junior Gold Miners ETF is likely to make it a clear cut above its competition.

Here's a look at the APLS ETF Trust Sprott Junior Gold Miners ETF (NYSE Arca: SGDJ).

Price of Gold Today Punches Through Three-Month High

price of gold today

The price of gold today continued a rally that started last week. In afternoon trading, spot gold was up $3.90, or 0.32%, at $1,228.40 an ounce.

In early overseas trading, the yellow metal pushed through $1,233.50 to mark a three-month high.

Here are six catalysts driving the price of gold today:

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