Los Angeles, CA – June Gold futures sold off sharply Tuesday afternoon and hit a new 4-month low of $1595.50 an ounce on key “outside markets”. A stronger U.S. dollar index as well as lower crude oil prices caused gold and silver to drop to near-term lows for 2012. Spot gold traded down $34.80 an ounce to $1604.25. July Comex silver also traded down $0.71 an ounce to $29.41. Commodities fell across the board Tuesday as the U.S. Dollar Index gained on political news from the … [Read more...]
Los Angeles, CA – Comex Gold futures prices remained relatively stable following the FOMC statement on Wednesday. Federal Reserve president Ben Bernanke announced that while no additional actions will be taken by the central bank, the Federal Reserve remains ready and willing to provide aid to the U.S. economy if needed. Gold traded slightly higher this week, up to $1644.00 an ounce. Silver traded slightly higher from Wednesday morning trading, moving up $.20 to $30.71 an … [Read more...]
In 2008 a financial landslide of global proportions erupted before our very eyes. Companies vanished overnight, stocks fell to zero and many Americans lost their homes. No, we are not talking about the latest Hollywood movie to hit the box-office this summer. These are real situations that happed and can easily happen again. Because of this, we need to wake up and take a very serious look at where we keep our wealth. Economic downturns prove time and time again there are three major entities … [Read more...]
The need for gold in technology is growing at an amazing rate. As companies like Google and Apple expand into the future, we will only see a steadily increasing need for this special yellow metal. Why Gold for Technology? Of all the metals used in circuitry (copper, silver, gold) gold is the best choice [...]
Los Angeles, CA – June Gold futures sold off sharply Tuesday afternoon and hit a new 4-month low of $1595.50 an ounce on key “outside markets”. A stronger U.S. dollar index as well as lower crude oil prices caused gold and silver to drop to near-term lows for 2012. Spot gold traded down $34.80 an [...]
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