The Potential Win-Win for Silver
If the US and global economy recovers, silver demand and prices should be primary beneficiaries. If the US and global economy continues the slowdown trend, shifting Fed tightening expectations back to easing and pressuring the US dollar and stock market, silver should be among the primary beneficiaries.
Gold Weakens A Bit After Key U.S. Economic Data Released
Gold prices are slightly lower in early U.S. trading Tuesday, pressured mildly by a batch of U.S. economic reports that were just released. June Comex gold futures were last down $1.70 an ounce at $1,272.50. July Comex silver was last down $0.029 at $1…
Read moreSoros Returns To Gold, Barrick In 1Q; Paulson Cuts Gold Holding
Soros Fund Management LLC returned to the gold market and also bought shares in the world’s largest gold-mining company during the first quarter, while well-known hedge fund manager John Paulson trimmed his gold holdings, according to filings with the Securities and Exchange Commission.
U.S. Housing Starts Rise 6.6% To 1.172 Million Units In April
U.S. housing starts rose 6.6% to a seasonally adjusted annual rate of 1.172 million units in April, the Commerce Department said Tuesday.
Read moreU.S. CPI Rises 0.4% In April
Kitco News reports on the U.S. Consumer Price Index for April
Read moreBoring Commentary
Recently, writing a daily commentary comes down to changing the date. Overnight the dollar again bounces against the yen and euro and the metals again have a slightly weaker tone.
Read moreGold Near Steady On More Chart Consolidation
Gold prices are near steady in early U.S. trading, on more Backing and filling on the charts, which is not bearish.
Read moreHedge Funds Increase Bullish Bets In Silver, Bearish Bets In Gold
Hedge funds took a bigger interest in silver as they increased their bullish bets while increasing their short bets in gold, according to the latest data from the Commodity Futures Trading Commission.
Read moreGold Ends Slightly Up, But Well Down From Daily High
Gold prices ended the U.S. day session slightly higher Monday but well off the highs seen earlier in the day.
Read moreBuffet May Like Apple But This Wall Street Guy Prefers Gold
Apple has been making headlines Monday after it was announced famed billionaire Warren Buffett upped his stake in the company.
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