Precious metals continue to push higher


A moderate global equity selloff is today's excuse, but something about buying the rumor, selling the news comes to mind as gold gains another 1.4% this morning to $1,365 per ounce, its highest level since last fall. Gold's big move began late last year as the Fed initiated the taper, and continues in 2014 as the central bank presses forward with the wind-down, and trots out a few on the FOMC to float the chance of rate hikes as soon as early 2015.

GLD +1.4%, SLV +1.5% premarket

ETFs: GLD, SLV, AGQ, IAU, PHYS, SIVR, USLV, ZSL, SGOL, UGL, DGP, GLL, DZZ, UGLD, DSLV, DGL, DBS, GLDI, DGZ, AGOL, DGLD, SLVO, TBAR, USV, UBG, GLDE, GYEN, GEUR, GGBP

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Comments (7)
  • filipo
    , contributor
    Comments (4652) | Send Message
     
    Gold going up ain't over yet.
    This isn't even the start. It's the run up.
    12 Mar 2014, 09:35 AM Reply Like
  • David at Imperial Beach
    , contributor
    Comments (4381) | Send Message
     
    Gold's up, stocks are down. What a surprise! The gold bubble popped in 2011, now it's the stock market's turn.
    12 Mar 2014, 09:50 AM Reply Like
  • 6151621
    , contributor
    Comments (1172) | Send Message
     
    SA -- we know like most stock specialists that you don't favor gold. This feels like the reason GLD was removed from the Home page charts.
    12 Mar 2014, 10:00 AM Reply Like
  • David INC.
    , contributor
    Comments (235) | Send Message
     
    I can feel it... This is the big one!! Got some Maple leafs on that last Dip.
    12 Mar 2014, 11:14 AM Reply Like
  • Overanalytical
    , contributor
    Comments (1230) | Send Message
     
    Got a silver eagle coming in the mail. I'm already hearing the gold dealer commercials on the radio talking about how high gold has soared this year. I hope people don't blindly follow those guys.
    12 Mar 2014, 11:48 AM Reply Like
  • Russ55
    , contributor
    Comments (3) | Send Message
     
    Im a 100% service connected disabled vet. I spent 4 years in the middle east. I was not allowed to re-enlist, but was given no disability. I have been married and divorced twice. Raised a son with the help of my family. I am now 100% Disabled vet and bored OUT of MY mind!
    12 Mar 2014, 01:31 PM Reply Like
  • goldy1asb
    , contributor
    Comments (39) | Send Message
     
    Stock valuations will continue pushing higher in 2014.

     

    Gold and silver will push towards previous highs, this is bullish for gold or will be very bullish for gold.
    12 Mar 2014, 09:33 PM Reply Like
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