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  • This just in. Precious metals (GLD +2.2%), (SLV +2.6%) are sharply higher on the session after a panicky Sunday evening plunge brought both to multi-year lows. Other than dollar weakness (UUP -0.5%) across the board, there's no news in particular - perhaps some satiated bears decided to cover and a trend took hold. [View news story]
    Manipulation, that is the name of the game. First they created all kinds of fake reccomendations, shorted their positions, and now, buy until the market levels again to true value. They win both ways, and if you panicked, you lose.
    May 20, 2013. 03:30 PM | 3 Likes Like |Link to Comment
  • Gold (GLD) futures jumped nearly $40/oz. to log their biggest one-day gain of the year, supported by physical demand, prospects for easier global monetary policies and a weaker U.S. dollar. Today's rally brings gold's recovery to ~50% of losses from the selloff that began ~$1,560. Silver (SLV) enjoyed an even bigger bounce, rising 5.7%, but it needs a lot of catching up to approach historical gold/silver ratios. [View news story]
    Do not sell, patience!!!!
    Apr 25, 2013. 04:36 PM | 2 Likes Like |Link to Comment
  • Gold futures dropped more than $40/oz., in their fourth straight weekly loss, to settle at $1,675 after the nonfarm payrolls report. “With the uncertainty of the presidential election looming, gold needed a very bad employment number... to cause the Fed to ramp up its QE operations," Gold Newsletter's Brien Lundin says. Miners are lower too: ABX -2.7%, GG -4.5%, NEM -6.8%, AU -2%, AUY -4.6%[View news story]
    History repeats, GOLD will come BACK. BUY !!
    Nov 2, 2012. 03:58 PM | Likes Like |Link to Comment