Hedge Funds Looking For Safe Havens, Driving Speculative Gold Market – CFTC
Gold continues to benefit from renewed buying interest and short covering from hedge funds and money managers, but analysts are mixed as to how long this trend can last.
Read moreAnyone Want To Give Kanye West Gold? Zuckerberg & Larry Page Silent After Plea
Monday, famed rapper Kanye West went on a Twitter rant asking for money, and he aimed for some of Silicon Valley’s elite.
Gold Prices Softer But Uptrend Still In Place Above $1,200
Gold prices are starting the week under modest pressure as U.S. markets are closed for the Presidents Day long weekend.
Read moreFreeport-McMoran Makes $1 Billion Deal With Sumitomo Metals
Freeport-McMoran (NYSE: FCX) announced Monday its plans to sell part of its interest in the Morenci open-pit mine in Arizona for $1 billion to Sumitomo Metals Mining Co.
Read moreThe 6PM Recap With Gary Wagner: Gold Is Tripped Up By Higher Oil and Stronger Equities
At 4:00 in New York West Texas Intermediate is up 10.45% while Brent North Sea is up 9.00%. The lightning strike is based upon continuing belief in the rumor instigated by the United Arab Emirates’ oil spokesperson that OPEC may have reached an agreement to cut production to shore up prices
Even If Gold Corrects Next Week, The Rally Isn’t Finished Say Analysts
Although gold prices may see some selling pressure at the start of the shorter trading week, analysts explain that improving market sentiment and continued uncertainty in global markets will bode well for prices in the near-term.
Read moreContinued Positive Sentiment Points To Further Gains In Gold Prices: Kitco Gold Survey
Sentiment in the gold market remains strong after prices hit a one-year high in a parabolic move and the majority of people surveyed expecting more gains in the near-term, according to this week’s Kitco News Wall Street vs. Main Street Gold Survey.
Will Silver Outperform Gold As Metals’ Rally Continues? – Analysts Debate
It’s been all about gold since the start of the year, but some analysts are turning their attention to silver.
NERD ALERT! Gold & Platinum May Be Proving Einstein’s Theory…100 Years Later
It took scientists a century to finally prove one of Einstein’s theories; and, they did it with gold and platinum.
Not All Equities Are Down; Gold-Mining Stocks Rise This Week
Gold-mining stocks certainly fared better than the broader equity market during the first four days of this week as mining shares that trade in North America surged on higher precious-metals prices.
Read more