The current bull market in precious metals is set to hit new heights in the coming years (although maybe not in 2012), but many financial types still do not fully grasp the implications of what is driving the rise in gold and silver prices. In order to understand the nature of this market, one has [...]
Gold
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Safe Haven No More: ETFs For Gold’s Decline
Paradise has been lost. At least for the gold bugs. We’re not saying the decade-long bull run in gold is over, but there are ominous signs to that affect. Take the case of the SPDR Gold Shares for example. The world’s second-largest ETF by assets is below its 200-day moving average on its weekly [...]
Gold Falls $85: What to do?
The gold market has been besieged by big sellers this week, culminating in a massive sell-off on Wednesday. At last check, COMEX gold futures had plunged $85, or 5.09%, to $1,585, which is $20 off of its lows for the session. The low of the day in gold on Wednesday, thus far, is at $1,565.70, [...]