Blog
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Bernanke’s Comments Move Gold
- June 21, 2013
- Posted by: Orkan Ozkan
- Category: News
No CommentsPrecious metals took an interesting turn of events during the week, with gold dropping close to 6% in the past couple of days. This comes in response to news on the Federal Reserve’s meeting this week. Here is a look at this recent turn of events and the outlook for gold. Bernanke’s Comments at the
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What the Fed Stimulus Means for Gold
- June 19, 2013
- Posted by: Orkan Ozkan
- Category: News
Today, in one of the most important meetings this year, the Federal Reserve agreed to keep its easy-money policies going as planned, moving to calm markets that recently have anticipated a possible tapering of stimulus. The Fed stated it will continue to buy $85 billion a month in Treasury bonds and mortgage-backed securities until the labor market
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James Steel, India Demand and The Fed
- June 14, 2013
- Posted by: Orkan Ozkan
- Category: News
This week precious metals did not show a strong indication of an upward or downward trend. Points lost in one trading day were quickly made up the next. Many believe gold and silver investors are in a wait-and-see mode for now. Here are a few events from this week that may put a stop to
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Is Gold Going “To the Moon”?
- June 12, 2013
- Posted by: Orkan Ozkan
- Category: News
“When the world figures out the position that we’re in, gold is going to the moon.” – Peter Schiff On a CNBC interview yesterday, Peter Schiff of Euro Pacific Capital made some bold statements about his perspective on the long term value of Gold. “Gold can certainly make a move up to $1,700 or $1,800,
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U.S. Jobs Data, the Federal Reserve, and Gold
- June 7, 2013
- Posted by: Orkan Ozkan
- Category: News
After a couple weeks of solid gains for gold, the yellow metal fell about $30 per ounce during the morning hours of trade. A report by the U.S. Labor Department may give the Federal Reserve enough reason to slow down its ongoing monthly bond buying program. Today’s slip in prices for precious metals reflects investors’
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Gold: Fundamentals of Supply and Demand
- June 6, 2013
- Posted by: Orkan Ozkan
- Category: Gold
For the past few years the production of gold has been flat, while the demand from investors and central banks has been trending upwards. A recent article by Steve Wilson from 247Bull highlights the supply and demand fundamentals of the gold market and how it’s been impacted by the recent drop in price. The key points
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2013 Silver Eagles Sales Soar
- June 5, 2013
- Posted by: Orkan Ozkan
- Category: News
According to the United States Mint, a total of 3,458,500 of the one ounce .999 fine American Silver Eagle bullion coins were ordered in May 2013. While this was a 15% drop from the previous month, it still marks a significant period for Silver coin sales. May sales were 583,500 higher than the same month
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Gold, GDP, and the Economic Stimulus
- May 30, 2013
- Posted by: Orkan Ozkan
- Category: Gold
For the first part of the week gold had trouble breaking past the $1400.00 per ounce mark. Today, gold has had no trouble staying above this barrier. Recent GDP data released as well as buzz around U.S. economic stimulus may be to thank for this recent jump. GDP and Unemployment Assistance According to the Department
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Asian Markets Take Gold Higher
- May 30, 2013
- Posted by: Orkan Ozkan
- Category: News
Gold led the complex higher overnight when Asian traders and investors went bullish on gold as the Nikkei fell over 4 percent. A large gold purchase, rumored to be by a Chinese bank, took gold above $1,400.00, whereas buy stops on the electronic platforms took gold up to $1,410.00. The rest of the complex followed
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U.S. Treasury Secretary Taps Federal Retiree Pension Fund to Avoid Default
- May 29, 2013
- Posted by: Orkan Ozkan
- Category: News
Is your retirement safe? Many federal employees are starting to wonder. This week, Treasury Secretary Jacob Lew said he will begin tapping into two government employee retirement funds to buy more time before the U.S. Treasury is faced with the prospect of defaulting on the national debt. In a letter to congressional leaders, Lew said
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