October 27th Update

Gold 1731.20 Silver 34.36 With no clear resolution in sight for the European economic crisis, precious metals remain the safe haven.  Many believe more money will enter the system for easing since that has been the only strategy deployed as of late.  With this news Gold has benefited.  Home Sales and US Durable Goods orders this morning came out much better than expected and the US...

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October 26th Update

Gold 1723.50 Silver 33.42 It is obvious, that the European debt crisis has no solution.  The Greek debt is set to default.  The precious metals have suddenly awakened again.  We are likely going to see a bull rush due to inflationary pressure. Investors will rush back in, paying higher prices than where they unwisely sold. Many investors will rush in, seeing banks and government bonds as...

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October 20th Update

Gold specifically looks like it has turned into bearish territory, however I don’t trust it.  It is testing down currently.   Caution is advised, this could be a great time for some bargains.  We are all waiting on how the Greek economic drama will...

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October 19th Update

Gold remains in bullish zone, while the rest of the market moves around their current levels.  Many have hopes that the G20 will be the kick this economy...

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October 13th Update

Free trade agreements with Colombia, Korea and Panama passed which might create jobs and exports. Several reports released overnight showed slowing exports, shrinking lending and less consumption. Copper stocks in China released for 2010 resulted in a bearish reaction with higher than originally expected supplies.  Gold is off with what I suspect is profit taking.  The fundamentals are still...

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October 11th Update

With no concrete announcement of the emergency actions Europe appears to have lack of direction.  Greece will receive the next batch of loans enabling them to continue limping along. The market is cautious due to these uncertainties and holds to gold securely. Gold is maintaining its bullish posture. Silver following along like always.   Palladium is the biggest loser at this...

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Bullion Update

GOLD:  165.00 SILVER: 31.99 Bullion has had tumultuous two weeks.  We have seen quantitative easing coming from the Bank of England. The US dollar has gained in strength.  The Greek and the Euro situation has everyone concerned if the dominoes will fall one after another. This uncertainty has stabilized the precious metals marketplace and we have seen a run to metals as a safe haven once...

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