Why Silver and Gold Prices Are Falling
Metals started the week in the red, leading investors to ask why silver and gold prices are falling today. Money Morning Capital Wave Strategist Shah Gilani joined FOX Business' "Varney & Co." to answer that question.
He told host Stuart Varney about the big trading move that pushed metals down today. He also explained why he would keep buying gold.
Shah also recommended a stock that pays a 10% dividend yield and says the stock will be "safe" as long as the housing market remains stable.
Hear Shah's recommendation and his thoughts on why silver and gold prices are falling in the following video.To continue reading, please click here...
Good Stocks to Buy Now as this Sector Begins its Lucrative Recovery
Billionaire investor Wilbur Ross earlier this month once again suggested that the shipping industry is ripe for investment, presenting a handful of good stocks to buy now.
Ross knows how to spot a beaten-down sector and turn its brightest opportunities into mega-profits. This "vulture investor" previously invested in troubled sectors like coal, steel, and auto parts and cashed out years later with enormous gains.
To continue reading, please click here…
- Silver Prices in 2013: The Reasons for a Bold Forecast Silver prices in 2013 have slumped, but don’t get discouraged. To understand the price outlook in metals, you have to look at these driving forces. Read More...
The Greatest Silver Buying Opportunity In History
Make no mistake: The April sell-off in gold created some extensive "collateral damage" in the silver market.
The silver price dropped nearly 20% in just two days... and many Wall Street analysts were quick to downgrade their forecasts for the rest of 2013.
But we believe Wall Street analysts have grossly misinterpreted recent events.
And they have missed some extremely strong fundamentals regarding silver which makes the metal a fantastic investment today.
In fact, not only is this a good time to get your hands on silver... Recent events have made this possibly the greatest silver buying opportunity in history.
Let me explain...Read More...
5 Factors That Will Push Silver to $250 an Ounce
All bull markets go through periods of consolidations and corrections. And precious metals are no exception.
There has been plenty about gold's swan dive, but less talk about silver. And at this point there's more potential for silver than gold...significantly more.
Jim Rogers' Prediction on Gold Prices Was Only Half of the Story
In October, legendary Quantum Fund manager Jim Rogers made a prediction about gold prices that left many gold bugs shaking their head.
Although Rogers admitted he wasn't going to be selling his hard assets, he predicted further consolidation and a near-term correction in the metals markets.
Predicting this short-term downturn, Rogers cautioned that gold had been on the rise for twelve consecutive years, a streak that was unparalleled. That was then.
This week, his prediction rang true as gold and silver prices took another huge hit. In the aftermath, gold prices are now down approximately 30% since reaching an all-time high in August 2011.Read More...
Will Silver Prices Keep Falling?
Our Money Morning resources expert Peter Krauth explained the reasons behind gold's fall, so we went back to him to find out the deal with silver prices. Will silver keep falling? Is it a buy at the lower levels?
Here's what Krauth offered for investors.
Money Morning Staff: Peter, are silver prices falling because gold fell, or are there other factors at play here?
Peter Krauth: There are two factors.The first is that silver follows gold rather closely, and usually amplifies its behavior, both up and down. However, it can and does sometimes detach from gold and behave independently, but this is more of a rarity.
The second is silver's industrial demand.Read More...
Goldman Sachs Is Manipulating Gold Prices Right Before Your Eyes
Goldman set the table by predicting a turn in gold prices back in December 2012, which no doubt contributed to the precious metal's 5% decline in the first two months of the year.
At the end of February, Goldman issued a research report that said the big Wall Street bank had soured on the yellow metal, and dropped its three-month target for gold prices from $1,825 an ounce to $1,615, its six-month forecast from $1,805 to $1,600, and its one-year outlook from $1,800 to $1,550.
Then, just yesterday (Wednesday), Goldman doubled down on its negative outlook for gold prices.
The bank's new targets for gold prices are $1,530 in three months, $1,490 in six months and $1,390 in one year.
The double whammy - two downgrades in two months - had its intended effect, as gold prices fell 2%, to $1,558.80, after Goldman released its report. It was the biggest single-day percentage drop for gold in nearly six months.
"If you've ever suspected gold prices are being manipulated, you're not alone - and you're right, they are," said Money Morning Chief Investment Strategist Keith Fitz-Gerald.
The proof is right in front of us.Read More...
Could Gold and Silver Coins Become Legal Tender in Your State?
Confidence in the U.S. dollar is so low that 13 states are poised to recognize gold and silver coins as legal tender.
Arizona is the latest state set to make the move.
Monday, the Republican sponsored Arizona measure sailed through the House of Representatives 36-2. The bill moves on for another vote in the Senate, where it got its first nod Feb. 28 in a 17-11 vote.
Should it land on Gov. Jan Brewer's desk, it's good as gold.Read More...
With the White-Hot Demand for Coins, Why Are Silver Prices Falling?
It's one of the biggest mysteries in finance right now. I mean, it's a real head-scratcher...
On one hand, demand for silver coins is off the charts. In fact, it is so strong even the U.S. Mint is having trouble keeping up with demand.
So how is it possible for silver prices to be falling?
Here’s an insider’s take on this conundrum... Read More...
These Three Charts Point to Higher Silver Prices Ahead
For the past few weeks, silver prices have been trading sideways. Kitco notes this tight trading range "could be "basing' action that can put in market lows and occurs just before an uptrend begins."
For those investing in silver, that's great news.
And if you don't think silver prices will go higher this year, here are three charts showing otherwise.Read More...