Price of Gold Jumps over $1600 on lower Jobs Report Numbers and Short Covering
Price of Gold Jumps over $1600 on lower Jobs Report Numbers and Short Covering Gold has quickly jumped over a short term resistance level of $1,600 in response to weaker than expected US non-farm payrolls of 69,000 rather than the expected 150,000 for the month of May. (Source the Bureau of Labour Statistics). Clearly these […]
Gold Mining – Rising Prices of Gold are Causing a Boost in Production
Gold Mining – Rising Prices of Gold are Causing a Boost in Production With the prices of gold soaring, gold mining is once again becoming a place where a company or even a person can earn a fortune. The gold market is currently being supported by jewelry buying in China and India where new strong […]
Will Gold and Silver Drop Next?
Will Gold and Silver Drop Next? With the quick drop in major stocks today such as Goldman Sachs and Apple, one wonders how this in may play out in the precious metals markets. Could this be a warning sign for the price of gold? Here are the latest comments from Chris Vermeulen in Response to […]
Gold as a Currency
Gold as a Currency The history of gold as a currency is interesting. In about 700 BC gold was first made into coins.It had been used many times before that as a symbol of wealth and devotion in worship, and this greatly enhanced its ability to be used as a currency or monetary unit. Prior […]
Central Banks and Gold – Are The Central Banks Buying More Gold?
Central Banks and Gold – Are The Central Banks Buying More Gold? One of the things that affects the price of gold is how the central banks handle it. When it comes to central banks and gold – the amount they buy can directly influence both market demand and price. In the first half of […]
For the Last Time, Is this a Gold Bubble?
Commentary on what some might say is a gold bubble…. For the Last Time, Is Gold in a Bubble? Jeff Clark, Senior Editor, Casey’s Gold & Resource Report While a few mainstream outlets are coming around to at least acknowledging gold’s stellar run, most remain skeptical or outright bearish. And the blasphemy they purport […]
How does a Gold Futures Contract Work?
How does a Gold Futures Contract Work? Gold futures are fairly easy for beginner traders and investors to understand. For example: If a trader or investor has US$10,000 and believes that the price of gold will rise over the next three months, he or she has two options. The trader or investor can buy US$10,000 […]
Gold Coins
Gold Coins The definition of gold coins are that they are flat, disc like round piece of gold that are typically issued by a government, or by a private organization. Gold coins have been around for centuries, and can be traced back to ancient times. In Gold History the Egyptian Pharaohs first minted coins around […]
