(eToro Blog) Gold prices are edging lower, but still remain within striking distance of a recently recorded 3-month peak, getting support from softness in the U.S. Dollar. Gold prices had been on track to post a 3% weekly gain, following a 4-day long gold rally, as well as the strengthening of the Euro relative to [...]
Silver
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Crumbling Confidence in Government and Banks Will Continue to Propel Precious Metals
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 [...]
Silver Waits to Begin Breakout
To 250 million people in 51 countries in the world, the word for money is the same word as the word for silver. Silver literally means money. According to Noble Laureate Milton Friedman, the majority of monetary metal throughout history has been silver, not gold. Gold is the money of kings while silver is [...]