Blog
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Is Gold Going “To the Moon”?
- June 12, 2013
- Posted by: Orkan Ozkan
- Category: News
No Comments“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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Slowed China Production and Ben Bernanke
- May 24, 2013
- Posted by: Orkan Ozkan
- Category: News
Gold prices shifted up and down this week due to various market factors. Overall gold started to stabilize in the past couple days around $1,390 per ounce. Here is a look at two recent stories that may shape the future of gold in the coming weeks. Production in China Slows Gold prices had help breaking
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What is the Cost of Mining Gold?
- May 23, 2013
- Posted by: Orkan Ozkan
- Category: Gold
Ever wondered about the cost of mining gold? With over 1 billion oz of gold in the world’s deposits coming directly from the top 50 mines, this infographic gives you an analysis of the world’s top producing mines in terms of economic feasibility, cost structure, gold reserves worldwide, scarcity and the next big projects for
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The Great Gold Rout Infographic
- May 17, 2013
- Posted by: Orkan Ozkan
- Category: Gold
After a decade long rally, gold recorded its biggest two-day drop in 30 years during April. Is this the end of the bull market? What caused this sudden decline? Is the gold cycle over? The following infographic by Saxo Capital Markets sheds light on a technical break below the support level, reduced ETP holdings and
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