Gold’s breaks below $1,270—third time lucky?

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The last couple of years and—in particular—the last couple of months were very difficult for gold traders—i.e. they were boring. Despite several huge daily price swings, the precious metals market has not been going anywhere, moving in and around the $1,100 - $1,300 price range.


First published here: Gold’s breaks below $1,270—third time lucky?

Gold was chemically destined to be money all along

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I think most of you reading this right now are aware that gold is unlike any other metal, certainly any other element. It doesn’t play by the same rules as iron or tin or aluminum, and its value has nothing to do with its utility—or lack thereof. People valued the yellow metal for its beauty and malleability eons before they knew of its usefulness in conducting electricity or its chemical inertness.


First published here: Gold was chemically destined to be money all along

Sharp decline in crude and its consequences

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On Monday, official data showed that Chinese demand for crude oil declined in July, which together with a stronger greenback and concerns over a rise in OPEC output weighed on investors’ sentiment and pushed the price of the black gold lower. As a result, light crude lost 2.52% and closed the day below $48. How low could the commodity go in the coming days?


First published here: Sharp decline in crude and its consequences

August 16: Gold and Silver Reverse Morning Losses And End Higher

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Snippet: 
Gold dipped to $1267.60 by a little after 9AM EST, but it then jumped to as high as $1283.80 in afternoon trade and ended with a gain of 0.72%. Silver slipped to $16.634 in Asia, but it then climbed to as high as $17.112 in late trade and ended with a gain of 2.64%.
Author(s): 
Chris Mullen

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First published here: August 16: Gold and Silver Reverse Morning Losses And End Higher
 
Wednesday, August 16th
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