In mid 2006 there was a puzzling tailspin in a slew of disparate financial markets. Various pundits ascribe the drops to inconsistent communication from the Federal Reserve, economic confusion and/or
After years of languishing under $400 per ounce, gold made an impressive run in the second half of 2004 taking out the $400 mark and not looking back. Gold, basis the February 2006 contract, spent a
As commodities continue to overwhelm financial assets, more attention is being paid to the relationship between prices of fuel and metals, specifically oil and gold. Crude oil is rallying on generous
Probably not much to your surprise, the energy sector seems to receive the most fanfare when it comes to hot markets for 2006. Forecasts for crude to reach $67 per barrel by March are easy to find
As the media would have you believe it, gold is on an unstoppable downward spiral and no one is ever going to buy gold again. That's utter nonsense
If anyone thought that Friday's heart-stopping $100+ free-fall in gold was, well,... heart-stopping, they had better be thankful that they were asleep overnight, as the yellow metal fell some $130 and touched the $1,531
Selling of commodities intensified overnight after a brutal day on Thursday. Gold prices fell by more than $50 per ounce as they penetrated previous "must-hold" support numbers
Volatility remains high in the precious metals markets again today. Further concerns about European finances and an increase in margin requirements on the futures exchanges pulled the rug from beneath the metals prices
Gold and silver were caught in the headlights of the "Risk Off" juggernaut last week, the carnage was not helped by a poorly timed margin increase out of Comex and the Shanghai Gold Exchange
A day of recovery was apparently in the making in the precious metals markets as the complex opened solidly in the "green" against a pullback in the US dollar and rising optimism that Europe would live to see another day