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Silver Bears Melting Away? Swap Gold for Silver?
As it’s argued that the silver bears are running out of steam, or already have, but with the gold/silver ratio still above 74 as of Wednesday, Numismaster‘s Patrick Heller raises the prospect of...
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Silver’s Million Ounce Monday
Although spot gold and silver ended off 0.1% and 0.7% respectively on Monday, as the dollar rose on news overnight, that Japan fell into a recession, more than a million Silver Eagles were sold on the...
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Russia/Ukraine Gold — All In All Gone
While Reuters pegs Tuesday’s gains in gold and silver to a falling dollar, a Bloomberg article headlines Russia adding to its gold reserves as a major factor in gold topping $1,200 an ounce on its way...
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Metals ‘Creep Back’ After ‘Leaky’ Poll
A poll indicating a drop in support for the “yes” vote in the Swiss gold initiative was initially cited for gold futures falling 1.5% Wednesday morning. But as the above chart shows, investors bought...
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After Swiss Say Non!, Metals Say Oui!!!
After falling off in early trading, spot gold and silver soared to end up 4.2% and 6.9% respectively on Monday, reports Reuters, attributing the gains to “the surging oil market, technical buy signals...
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Debt Marches On; Can Gold Regain Ground?
Spot silver held Monday’s gains on Tuesday, ending unchanged, while spot gold fell about 1% as oil took another spill and the U.S. dollar rebounded. Gold and silver futures didn’t fare as well,...
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Metals Said to Have ‘Run Out of Big Sellers’
After the November non-farm payrolls report showed a gain of 321,000 jobs, spot silver and gold came off lows on Friday to end the day down 0.9% and 1.2% respectively, reports Reuters, quoting one...
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Metals Pop as Dollar, Equities Drop
Spot silver and gold gained slightly more than 4% and 2% on Tuesday, while futures surged 5.3% and 3.1%, “as the dollar headed for the biggest drop in a month against a basket of 10 currencies,”...
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Does Flight to Safety Have Legs?
The metals moved a mere 0.2% on Wednesday, with spot silver ending up and gold down. “The weak oil prices sapped some of the strength out of the gold market,” according to HSBC analyst James Steel,...
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Investors ‘Returning to Gold to Take Cover’
“As a rout in energy prices spreads to global equities, investors are returning to gold to take cover,” begins a Bloomberg article about how assets in GLD, the world’s largest gold-backed ETF, rose on...
View ArticleMetals Quiet Ahead of Fed
Silver and gold futures inched up and down respectively on Monday, with the market said to be in “a wait-and-watch mode” ahead of this week’s FOMC meeting. One reason that gold “came under pressure” on...
View ArticleMetals Tumble as GOP Wins Boost Dollar
Spot gold and silver ended off 1.8% and 3.6% respectively on Wednesday, reports Reuters, as the U.S. dollar rose, “extending multi-year highs after Republicans in mid-term elections won control over...
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