Precious Metal Investment

Find Out Why Stronger US Job Figures Hit Gold

Editor — Fri, 03 Feb 2012 09:19:56 PST

In European trading this morning, spot gold reached $1762 an oz, its highest level in 11 weeks before plummeting to $1738 an oz after New York opened. Stronger than expected jobs figures saw the dollar improve against the major currencies setting gold back while stocks benefited. Chinese Gold Imports and Production Boom China domestic [...]

Gold’s Double Top Signals Possible Pull Back

Editor — Wed, 01 Feb 2012 09:58:33 PST

After hitting $1750 an oz earlier today the yellow metal fell back to $1741 before forming an ‘upside down head and shoulders’ bullish pattern that pushed the price back to $1750. It now remains to be seen whether this double top formation will signal another pull back, as they often do, or whether this price [...]

Can Platinum Catch Up With The Gold Price?

Editor — Tue, 31 Jan 2012 09:31:58 PST

Platinum has seen a yo yo 2011. After scaling the heights of $1900 an oz it ended the year at little over $1400 an oz. As might have been expected, it followed the pattern of gold and silver although it was unusual to see that for much of the last four months of the year [...]

Ben Sets Silver On Course To Climb

Editor — Sat, 28 Jan 2012 06:17:27 PST

Readers of this website have been advised on numerous occasions that the silver market is highly volatile and should only be played with the utmost caution. In the main, the silver price follows the price of gold and not infrequently, the move in percentage terms is two or three times greater than the yellow metal. [...]

Gold Picks Up Steam Again

Editor — Thu, 26 Jan 2012 09:57:30 PST

With a rise in one month from a low of $1530 an oz to a close of $1707 this Wednesday, investors can be forgiven for believing that gold has resumed its upward momentum after the two stage correction it has experienced since peaking at $1900 an oz last September. To recap, it picked up some [...]

Is The Bull Run In Gold Back?

Editor — Mon, 23 Jan 2012 10:31:57 PST

By mid morning today, Monday, spot gold on the NY Comex exchange had risen to over $1680 an oz. At the start of last Monday the yellow metal was trading at$1644 an oz. And four weeks earlier trading as low as $1525. This suggests that gold’s correction which started last August after reaching the all [...]

Why Has Gold Risen For Best Part Of 3 Weeks?

Editor — Wed, 18 Jan 2012 10:39:41 PST

Gold has risen for the best part of three weeks and is looking good to reach $1666 an oz., a strong resistance level, before the end of the week. Failure to breach this level is likely to hold gold back in bearish mode for a while longer. An announcement that the IMF is seeking to [...]

Should You Trade Ruthenium?

Editor — Mon, 09 Jan 2012 11:53:43 PST

Johnson Matthey, a multinational metal and chemical company, fixes the spot price for Ruthenium twice a day. In practice the price is a starting point for trading large amounts of the metal, usually 100 troy ounces minimum. For smaller amounts you must expect to pay more than the quoted price. A further handicap to trading [...]

What Are The Latest Iridium Developments?

Editor — Thu, 05 Jan 2012 10:16:23 PST

The start of 2012 has seen the price of Iridium sustain its advance to US$1000 -$1100 an ounce reached early in 2011 after a meteoric rise beginning at $400 an oz in Feb 2010. Unlike both gold and silver, iridium and other platinum group metals, with the possible exception of platinum itself, are not primarily [...]

Do Not Leave It Too Late To Preserve Your Wealth

Editor — Sat, 31 Dec 2011 07:48:17 PST

With national economies worldwide facing such an uncertain future, now is the time to learn how and why investment in gold and other precious metals can maintain the purchasing value of your capital. All the Western nations, now including India and China, the two most populous, are printing more and more banknotes that are not [...]