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Gold Prices Today Fighting for Higher Close

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Global central banks and geopolitical concerns guided gold prices this week - mostly lower. But the price of gold bucked the trend Friday and were modestly higher in morning trading.

Read on for a closer look at what’s moving gold prices today, and what’s ahead in 2014.

Why Gold Prices Are Down Today

WHy Gold Prices are Down Today

Gold prices took a beating Tuesday, plunging nearly 2% and marking the yellow metal's worst day of the year.

Spot gold prices fell to a low of $1,228 an ounce intraday, but managed to claw back some gains in the afternoon. Still, even fresh Consumer Price Index (CPI) figures showing a slightly higher than expected read on inflation in March failed to goose gold prices much.

Here's why gold prices are down today.

Gold Prices Hit Four-Month High This Week; More Gains to Come

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Gold prices this week have continued 2014's climb, with a boost today from U.S. Federal Reserve Chair Janet Yellen.

In morning trading Thursday, April gold rose $7, or 0.6%, at $1,335. Spot gold was flat at $1,330.20.

Early this week, the yellow metal hit a four-month high of $1,339.09 an ounce.

Why Gold Is Up Today and What's Ahead for 2014

Why gold is up today: Gold prices on Tuesday morning staged the biggest advance since mid-October. Gold prices ended Tuesday's session sharply higher, hitting a three-week high. February gold gained $28, or 1.5%, at $1,262.20 an ounce. Spot gold added $22.70 to reach $1,263.50 an ounce.

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Gold News: China Poised to Overtake India as Biggest Gold Consumer

Gold Price Drivers 2014

Demand for gold in China is skyrocketing. Thanks to an enriched and growing middle class, China's gold consumption will reach a record 1,000 tons this year - up a whopping 29% year over year. At this pace, China will soon surpass India as the world's biggest buyer of the yellow metal.

Imagine what this will do to the price of gold over the next few years...

"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...

Why Gold Prices Are Down Right Now

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Inflation and crisis – of which we’ve had plenty – historically drive gold prices up, and yet the London spot price has fallen 24% since Jan. 2. Like the infamous honey badger, gold prices just don’t care. But the reasons for gold’s continued fall, in spite of the apparent decay of the world, just might surprise you.

Here’s what’s been dragging gold down...

Higher Gold Prices and Coin Sales Point to Growing Gold Rush

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Gold soared 3.5% last week after Congress finally reached a deal to raise the debt ceiling -- assuring that the U.S. debt will continue to balloon. But the respite to Washington's budget woes is only temporary, and that has the gold bugs licking their chops.

Here's why the next round of budget battles will be good for gold...

How Gold, Oil, and Syria Really Mix… Plus "3 Strikes Against Apple"

The markets are very complicated at the moment, which is why now's an ideal time to reach into the Money Morning Mailbag and address your concerns.
The goal here is simple: To provide understandable, actionable, and, of course, profitable answers to your thoughtful and extremely insightful questions.
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Gold Bugs Will Love What This Chart Says About Gold Prices

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We've been recommending gold shares for months, ever since prices collapsed in April. But if last week’s “gold convergence” wasn’t enough to convince you, yet another catalyst is pushing prices higher.
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Today's "Gold Convergence" Is Your Best Buy Signal Yet

We've been recommending gold shares for months now, ever since prices collapsed in April. But timing's getting critical, because now the market is telling you gold is set to surge...
The first piece of evidence hit my radar on August 1st, moments after Barrick Gold released its $8.7 billion "news." (More on that in a minute.)
The Commitment of Traders report - perhaps the best leading indicator for gold prices - delivered the second piece of evidence: a staggering 70% spike in "red flag" futures trading. And the third and fourth pieces of evidence just arrived.
But before we look at each of these events in detail, here's what you need to know:
Any one of these indicators is bullish on its own. So when all four signals flash at once, please don't wait.
A "Gold Convergence" like this hasn't happened in 12 years...

What's Driving Gold Prices Today

Gold prices today are still below $1,300 an ounce as traders in the United States and Europe continue to sell the precious metal.

Western investors were the main driving force behind redemptions of nearly $19 billion in gold-backed ETFs in the second quarter of 2013.

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DON’T BE SO ARROGANT, MR. PRESIDENT

Empires have come and gone. Some lasted a blink of an eye and some millennia.
The question is, after 9/11, the rise of China and a great financial crisis, where does the U.S. empire stack up to its predecessors?
Well, it seems the one commonality they all have is the point when their might was undermined by sloth and greed. And entitlements: free bread and circuses. For some it took years, others centuries.
Here, in a compelling and unique address, is what Romulus Augustus, the last emperor of the Roman Empire, might say to President Obama now about how to keep America great.
Read on and share with family and friends...

If You Own Gold, You Must See This Chart…

gold chart

Our Chief Strategist Keith Fitz-Gerald has uncovered one of the most shocking charts in recent memory.
And it signals big changes for one of the world's most important market sectors. This spells big opportunities for smart investors.
If you own gold or wonder whether gold is worth buying here, read on..

The Best Reasons to Own Gold NOW

Whether you own gold or have been sitting on the sidelines, you must be wondering whether now is the time to buy more or to finally get in the game.

The answer is one of refreshing clarity in these uncertain times.

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