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April was a brutal month for precious metal investors. Gold ended the month down almost 8% and silver prices tumbled almost 13%. The sell off continued in May with gold down another $60 per ounce to $1,412 and silver down $1.55 to $22.87 per ounce at mid month. With investors already nervous, two mainstream news organizations today did the equivalent
What I Know for Certain - By: GE Christenson Death and taxes! Fear and greed are powerful motivators. Individuals, businesses, and governments do what they think is beneficial for them. Businesses and governments protect their products and territory and resist competition and enemies. Concentrated
Large scale liquidation of gold backed exchange-traded products (ETP) sent gold prices into a tailspin during April. Billionaire investor George Soros, who had sold 55% of his holdings in the SPDR Gold Shares (GLD) during the last quarter of 2012, further reduced his gold positions during the first
By: John Townsend at The TSI Trader. The usefulness of sentiment’s stealth crystal ball is about to be revealed to the litany of unsuspecting precious metal bears and skeptics who have convinced themselves that gold’s bull market
By GE Christenson We all know that our cost of living in increasing, but how much? The official government statistics assure us that inflation is running around 2% per year. It reminds me of the line attributed to Groucho Marx, “Who are you going to believe, me or your own eyes?” But, your cost of
The exploding demand for physical gold and silver has become a worldwide phenomenon. Shortly after the price plunge of early April buyers rushed in to take advantage of bargain prices. Dealers and mints worldwide have reported off the charts demand for physical gold and silver. Intense demand across
By: GE Christenson The NASDAQ 100 index peaked at 1,485 in July 1998. It subsequently crashed to below 1,070 in October 1998, a loss of about 28%. But, it climbed back to nearly 5,000 in March 2000, a rally off the low of over 350% in 17 months. The S&P 500 index peaked in October 2007 around 1,575.
Don't precious metal investors read newspapers? Despite proclamations from the mainstream press that the bull market in gold and silver is over, a buying frenzy in precious metals is occurring worldwide. The gold rush mentality to buy gold and silver at bargain prices has resulted in stock out conditions
We already knew from numerous previous reports that demand for physical gold and silver has soared since the early April precious metals crash.
Physical Demand For Gold and Silver Skyrockets – Gold Bullion Coin Sales Highest Since December 2009
We have probably all heard enough already from the mainstream nitwits who are forecasting the end of the gold bull market and further price declines. Funny thing though, most precious metal investors don't need advice from self proclaimed experts on how to invest their money. The explicitly stated