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Gold futures jump over $23 to end the week 0.8% higher
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Gold Surges Most in Six Months on Jobs Data, Dollar's Slump
Gold jumped the most in six months after the U.S. jobless rate had the biggest gain in more than two decades, spurring a drop in the dollar. Silver also rose.
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Barclays raises gold, platinum forecasts
Barclays Capital said gold and other precious metals will be higher than previously forecast and predicted platinum has the "best" prospects.
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Gold Rises as Low Price May Spur Demand for Metal; Silver Gains
Gold rose on speculation that investors may stock up on the metal after the biggest weekly drop in price since mid-March. Silver also gained.
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Comex Gold Slips On Trade Deficit Data
Gold futures have dipped into negative territory on narrower-than-expected trade deficit figures and pre-weekend book squaring, says George Gero, vice president with RBC Capital Markets Global futures. View Details |
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Currency, Precious Metal and Futures ETFs: Don’t Get Caught in the Tax Trap
Over the past several years, a host of new ETFs from State Street (STT), Barclays, PowerShares, Rydex, WisdomTree (WSDT.PK) and other fund sponsors have opened up formerly difficult-to-access markets to individual investors. Asset classes such as commodities, foreign real estate and currencies that used to be open primarily to institutional or high-net-worth investors have become accessible to nearly everyone with a brokerage account.
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Gold futures trade flat, as dollar extends gains
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Gold futures end little changed, as dollar gains
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PRECIOUS METALS: Gold gains on weak dollar, other metals drop
NEW YORK - Gold prices plunged to a four-month low Thursday, extending their losses as a stronger dollar gave investors reasons to sell the metal traditionally viewed as a hedge against inflation. View Details |
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Safe ways to invest in gold
The precious metal has been soaring on the back of a weak dollar and low interest rates. Is 2008 the year it finally falls? View Details |
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Gold futures jump over $23 to end the week 0.8% higher
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Gold Surges Most in Six Months on Jobs Data, Dollar's Slump
Gold jumped the most in six months after the U.S. jobless rate had the biggest gain in more than two decades, spurring a drop in the dollar. Silver also rose.
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Barclays raises gold, platinum forecasts
Barclays Capital said gold and other precious metals will be higher than previously forecast and predicted platinum has the "best" prospects.
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Gold Rises as Low Price May Spur Demand for Metal; Silver Gains
Gold rose on speculation that investors may stock up on the metal after the biggest weekly drop in price since mid-March. Silver also gained.
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Comex Gold Slips On Trade Deficit Data
Gold futures have dipped into negative territory on narrower-than-expected trade deficit figures and pre-weekend book squaring, says George Gero, vice president with RBC Capital Markets Global futures. View Details |
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| BullionMall.com Video/Audio |
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Process of making gold 99.9 % pure from 80 % gold created in a gold mine
Featured video showing the process of making 99.9 % pure gold View Details |
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Gold Set To Regain Its Shine
Gold is all set to regain its shine back in upcoming quarter same time it will put an end over the skeptical notions of the investors regarding to gold as safe haven commodity for the investment. At present world has been tempted by the current rally of US dollar but the raison d’être behind it is not genuine rather it seems a race for the worst; rival currencies are not performing well. US dollar recent gains are exorbitant and manipulated. Investors can see at least 38% retracement of current View Details |
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Commodities gets a bear hug.
Their peak was just last month, but many commodities have already fallen 20 percent.
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Gold Calls Bernanke’s Bluff
Gold and silver are calling Ben Bernanke's bluff this week. Bernanke huffed and he puffed and he bluffed and he bluffed all month long about inflation. But the market realises that with America's housing market mired in the muck, the Fed won't be raising rates to defend the greenback this year.
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Are Commodities The Next Major Financial Bubble?
PotashCorp isn’t what you would call a glamour stock: It makes fertilizer. Nevertheless, the stock has soared 203 percent the past 12 months.
The world isn’t running short of potash. At current consumption rates, there’s enough to last 300 years, according to the International Fertilizer Industry Association. But there does seem to be limitless optimism about future fertilizer use — as well as the upward spiral in the cost of potash itself, up 150 percent over the past 12 months.
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Citigroup Remains Bullish on Gold
Profit-taking by investors on a firmer U.S. dollar and a seasonal slowdown in fabrication may be working against gold, but spot prices continue to remain strong near the $920 per ounce mark. Bullion could climb much higher if things don’t change significantly, according to a new report from Citigroup.
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China and Dubai boost gold trade
Gold and jewellery trade between Dubai and China stood at Dh411.9 million in 2008, according to the Statistics division of Dubai World.
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Gold Declines for Second Day in London as Crude Oil Drops
Gold fell for a second session in London as crude-oil prices dropped, diminishing demand for the precious metal as a hedge against inflation. Platinum also fell. View Details |
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PRECIOUS METALS: NY Gold Tumbles Due To Charts, Dollar, Oil
Gold and other precious metals were knocked sharply lower Monday as recent long liquidation continued when crude oil turned softer, the dollar rose and equities firmed, traders and analysts said.
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Gold tanks below $820 on dollar surge, sell-stops
Gold tanked 4 percent to end below $820 an ounce on Monday, dropping to its cheapest level this year as a soaring dollar against the euro and chart-based sell-stops triggered a bout of long liquidation.
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Gold, Silver Fall as Equities Rise, Eroding Demand for Haven
Gold fell after rallying shares reduced demand for the precious metal as an alternative investment. Silver also declined.
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| Commentries / Press Releases |
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Gold may hit $2,000 if dollar falls
Government infrastructure spending will drive a rebound in metals prices, while gold may reach $2,000 an ounce in the next year if the dollar falls, an executive with UK fund house Schroders said.
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UBS says metals commodities could see high prices over next several quarters
UBS Research recently asserted that--although commodities markets are oversold and likely to remain volatile over the next month or so--"potential upside into 2009 is considerable" for their preferred commodities of thermal coal, uranium, gold, silver and platinum.
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Is Gold the Solution to High Commodity Prices
If policy makers were astute, they would quickly seize on the obvious solution to today's soaring commodity prices that are causing much pain and suffering around the world as the rising costs of food and energy make life increasingly difficult for individuals and businesses:
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$5000 Gold: Schroder’s
Schroder Investment Management Limited, who manage $277 billion of assets, making them slightly larger us, have floated the idea that gold could reach such lofty heights.
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Commodity prices will be undermined if US Federal Reserve backs greenback
GM HOLDEN'S decision to close its four-cylinder engine plant at Fishermans Bend isn't a new bear signal for investors, but there's plenty of other weights on the market right now.
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It's Raining Gold (at Minyanville.com)
Rain or shine, we reivew the day's biggest stock stories. View Details |
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Wall Street Gets in Position for Jobs Report (at TheStreet.com)
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Iamgold Skirts The Rules, Then Does It By Book (Investor's Business Daily)
At first glance, gold mining company Iamgold seems like a frustrating miss for investors who follow chart-reading rules. View Details |
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Gold Nears '08 Peak On Weaker Dollar (Investor's Business Daily)
Gold ETFs surged on robust volume for a second day as the dollar's frailty worsened. View Details |
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Vista Gold Corp. Announces Updated Mineral Resources for the Guadalupe de los Reyes Gold Project (PR Newswire)
Vista Gold Corp. announced today the updated mineral resources for the Guadalupe de los Reyes gold project in Sinaloa, Mexico. View Details |
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AU Editorial: Financial Advisors (Optionetics.com)
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Swing Trading: Stocks That Are Your Enemy (Optionetics.com)
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Technical Analysis: Retracing Volume (Optionetics.com)
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Market Wrap: "Mythtaken" for Truth (Optionetics.com)
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TradingMarkets Most Overbought and Oversold ETFs for Wednesday (TradingMarkets.com)
Precious metals ETFs such as the SPDR Gold Shares ETF is at oversold levels. Find out which other ETFs are entering overbought and oversold conditions for Wednesday. View Details |
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Euro, Pound Remains Bid Ahead of U.S. NFP's - ECB Sets Apart Exit Strategy and Interest Rate Policy (Daily FX)
The euro pares losses from the previous day but failed to cross back above 1.4300 during the overnight session, and we may see the EUR/USD hold steady going into the U.S. trade as investors early await the release of U.S. View Details |
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Canadian Employment Unexpectedly Rises On Surge in Part-time Hires (Daily FX)
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US Dollar Extremely Choppy After US Non-Farm Payrolls Fall By Least in a Year, Unemployment Rate Surges to 9.7% (Daily FX)
FX markets have been extremely choppy this morning after US unemployment data fell into two ends of the spectrum: surprisingly optimistic and deeply disappointing. Starting with the good news, non-farm payrolls fell by 216,000 in August, which was less than forecasts for a drop of 230,000 and the slowest pace of job losses in a year. View Details |
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US Dollar May Finally See Break from Summer Ranges as Liquidity Returns (Daily FX)
The US dollar, British pound, and commodity dollars face potential for major moves and significant breakouts from summer ranges next week due to the combination of the post-holiday return of liquidity, rate decisions from the Reserve Bank of New Zealand, Bank of England, and Bank of Canada, along with Australian employment and US consumer confidence reports. View Details |
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EUR/USD: Trading the Sentix Investor Confidence Survey (Daily FX)
Investor confidence in the Euro-Zone is expected to rise for the second consecutive month in September, with economists forecasting the Sentix index to increase to -13.7 from -17.0 in August, and the rebound in economic sentiment may drive the exchange rate higher as growth prospects improve. View Details |
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Mortgage giants struggle a year after takeover (AP)
A year after the near-collapse of Fannie Mae and Freddie Mac, the mortgage giants remain dependent on the government for survival and there is no end in sight. View Details |
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Law Offices of Howard G. Smith Announces Class Action Lawsuit Against MGM Mirage (Business Wire)
BENSALEM, Pa.----Law Offices of Howard G. Smith announces that a securities class action lawsuit has been filed on behalf of all persons or entities who purchased the common stock of MGM Mirage between August 2, 2007 and March 5, 2009, inclusive . View Details |
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Ford Volunteers are Making a World of Difference During the 4th Annual Global Week of Caring (PR Newswire)
Thousands of Ford Motor Company volunteers are reaching out and pitching in to create a better world by participating in community service projects on six continents during the fourth annual Ford Global Week of Caring - Sept. 5-12. View Details |
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FDA Sets Action Date of April 23, 2010 for Review of Pixantrone NDA (PR Newswire)
Cell Therapeutics, Inc. announced today that the U.S. Food and Drug Administration has notified CTI that a Prescription Drug User Fee Act action date of April 23, 2010 under standard review has been established regarding CTI's NDA for pixantrone as potential treatment for relapsed or refractory aggressive non-Hodgkin's lymphoma . View Details |
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List of US banks closed by feds jumps to 89 (AP)
The crippled economy and increasing loan defaults have forced financial regulators to close even more banks, including the only branch of the First Bank of Kansas City, which is reopening under a new name after its deposits are assumed. View Details |
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Summary Box: Unemployment reaches 26-year high (AP)
THE BAD NEWS: The jobless rate jumped to 9.7 percent in August, the Labor Department said Friday, from 9.4 percent in July. That's the highest rate since June 1983. View Details |
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Teamsters endorses Quinn for Illinois governor (AP)
While one major union pledged on Friday to put its weight behind Gov. Pat Quinn's campaign to win a full term as Illinois governor, another union was embroiled in a dispute with his administration over budget cuts that could cost some of its members their jobs. View Details |
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Wash. economist: Recession over, recovery fragile (AP)
Washington's chief economist says the recession appears to be over in the state and the nation. But he warns that the economic recovery is still very fragile. View Details |
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Ark. campus aims for school of fisheries doctors (AP)
Studying fish once seemed so simple: find out where they were biting and keep it under your hat. Now the study of fish has evolved into Ph.D.-level programs that can make fish bigger, tastier and a larger part of the nation's economy. View Details |
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US recovery difficult as jobless rate hits 9.7 pct (AP)
The U.S. unemployment rate climbed last month to 9.7 percent -- the highest in nearly a generation -- but the number of job losses was less than expected and the smallest monthly total in a year. View Details |
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G20 clash over how to stop another banking crisis (at Reuters)
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US lawmaker says WTO ruling faults Airbus subsidies (at Reuters)
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US gold ends down $1, fails to break above $1,000 (at Reuters)
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Speculators trim short dollar positions-CFTC (at Reuters)
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EMERGING MARKETS-LatAm assets rally as US loses less jobs (at Reuters)
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Silver Standard Reports Second Quarter 2009 Results (Marketwire)
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Standard and Poor's Raises Credit Rating for Coeur d'Alene Mines (Business Wire)
COEUR DâALENE, Idaho----Coeur dâAlene Mines Corporation today announced today that Standard & Poor's Ratings Services has raised its corporate credit rating on the company to 'B-' from 'CCC' and raised the ratings on the company's $180 million senior unsecured notes due 2024 and $230 million senior unsecured notes due 2028 to 'CCC+' from 'CCC-'. View Details |
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Will Precious Metals Shine Through Recovery? (at Forbes.com)
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Silver Standard announces public offering of common shares (PR Newswire)
Silver Standard Resources Inc. has filed a preliminary prospectus supplement to its existing short form base shelf prospectus with the securities commissions in each of the provinces of Canada, other than Quebec, Newfoundland and Labrador and Prince Edward Island, and has made a similar filing with the United States Securities and Exchange Commission in connection with a public offering of its common shares to raise gross proceeds of approximately US$46 million . View Details |
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Silver Standard announces pricing of public offering of common shares (PR Newswire)
Silver Standard Resources Inc. has priced its previously announced public offering of common shares . Pursuant to the Offering, the company will issue 2,725,288 common shares at a price of US$17.00 per share, for aggregate gross proceeds of approximately US$46 million. View Details |
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PowerRatings Weekly Outlook: DPL, IACI, ATVI, WYE, CPB, VZ, AOC (TradingMarkets.com)
David Goodboy takes a closer look at several of the PowerRated stocks featured this week. View Details |
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Advertising Spending Outlook for Media (Morningstar.com)
U.S. ad dollars will continue to migrate to the Internet. View Details |
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Investor's Corner: Market Phases Require Different Tacks (Investor's Business Daily)
If you were to go sailing, you wouldn't do it when the seas were rough and stormy. Likewise in investing, you only want to be in stocks when the... View Details |
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7 Keys To Making Money Consistently (TradingMarkets.com)
What can you do to make money consistently? Nazy Massoud outlines 7 rules traders can use for consistent trading profits. View Details |
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Another Correction? Come On! (RealMoney by TheStreet.com)
A period of consolidation is just what this markets needs -- a dip in the futures is no reason to panic. View Details |
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How to Profit from China? Ask Australia (at Minyanville.com)
Country shows global investors how to maximize returns. View Details |
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Big Oil Goes James Bond on Ecuador (at Motley Fool)
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[$$] Regulator's Remarks Spark Shanghai Rally (at The Wall Street Journal Online)
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French Prosecutor Recommends That Total CEO Not Be Charged (at The Wall Street Journal Online)
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Election Results Spur Unrest in Gabon (at The Wall Street Journal Online)
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Florida Natural Gas Association to Hold First Annual Natural Gas Summit (Business Wire)
ORLANDO, Fla.----The Florida Natural Gas Association in partnership with Akerman Senterfitt today announced that it will hold its first annual Natural Gas Summit on October 1-2 in Orlando. View Details |
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Florida Marks 2009 Labor Day with Highest Unemployment in 30 Years (Business Wire)
TALLAHASSEE, Fla.----Associated Industries of Florida today endorsed the idea of revisiting Floridaâs longstanding ban on offshore oil exploration in a special legislative session this fall, calling it an âurgent imperativeâ to create employment opportunities for the one in 10 Floridians who are out of work. View Details |
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Gold prices dip after hitting 6-month high (AP)
Gold prices cooled off Friday, losing $1 after surging to a six-month high the day before. Gold for December delivery finished the week at $996.70 an ounce on the New York Mercantile Exchange, up 4 percent over five days. View Details |
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Seasonal demand weakness hits Piedmont Natural Gas (AP)
Piedmont Natural Gas Inc. on Friday posted a fiscal third-quarter loss, driven by seasonal demand weakness in the natural gas market. View Details |
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Oil prices little changed as long weekend looms (Reuters)
Oil prices were little changed on Friday as stronger equities boosted hopes for economic recovery, outweighing U.S. jobs data that showed the unemployment rate at a 26-year high. View Details |
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4 factors to weigh before going all cash (Bankrate.com)
Consider these four elements of living a life on cash before weaning yourself entirely from debt. View Details |
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4 steps to achieving an all-cash diet (Bankrate.com)
Follow these simple steps if you think you're up to living your life on cash only. View Details |
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Prepaid debit card for teens: money well-spent (at MarketWatch)
At some point, parents have to let their teenage children take the wheel, trusting that theyâll make responsible decisions on the road. The financial road, that is. View Details |
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Giving teens a prepaid debit card (at MarketWatch)
On Aug. 31, a MarketWatch report incorrectly described the Current by Discover Card prepaid debit-card for teens. The card is linked to a parent's checking or money-market account. See the corrected story. View Details |
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Debit cards reward Medicaid patients for care (AP)
Some Indiana Medicaid patients can now earn money to spend on health care simply by visiting the doctor or seeking routine preventive care. View Details |
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Stock futures stay positive after jobs data (AP)
The latest reading on the labor market is giving investors some hope that the U.S. economy is healing. Stock futures held on to most of their early gains after the Labor Department said employers cut a total of 216,000 jobs in August, less than the 276,000 jobs lost in July and better than the 225,000 job losses analysts had been expecting. View Details |
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Shares jump after strong 3Q for Esterline (AP)
Shares of Esterline Technologies Corp. surged Friday, a day after the aerospace and defense contractor posted strong third-quarter earnings and raised its 2009 guidance. View Details |
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Ciena shares up on cost controls, product growth (AP)
Shares of Ciena Corp. moved higher on Friday after an analyst raised his earnings and revenue forecast for the company due to better cost controls and growing interest for its Ethernet products. View Details |
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CIT extends CEO Peek's contract for one year (Reuters)
CIT Group Inc said it has extended the contract of Chief Executive Jeffrey Peek for one year, even though his decisions to expand into risky businesses helped to push the lender to the brink of bankruptcy. View Details |
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Micrus shares up as analyst rates it 'outperform' (AP)
Shares of Micrus Endovascular Corp. rose Friday after an analyst began covering the medical device maker with an "outperform" rating. View Details |
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