Precious metals have had an awful time recently. The Federal Reserve is threatening to withdraw quantitative easing (QE). That’s been bad news for precious metals for two reasons. Firstly, the end of money printing removes …
Gold lost almost 10% last week and has slid below $1,300 an ounce for the first time since the autumn of 2010. The near-term outlook isn’t good. The US Federal Reserve said last week that …
“A reverse gold rush is underway,” says Ian Campbell on Breakingviews. After a sharp fall last month, the yellow metal slipped by another 6% last week and is well below $1,400 an ounce. It has …
As a sector, gold mining stocks have taken some beating in recent years. Frankly, it’s been justified. When the price of your key product just keeps on rising, it really shouldn’t be that hard to …
The yellow metal is slowly clambering out of the pit it fell into last month. Having slumped to $1,350 an ounce in mid-April, it has since regained the $1,450 mark and hovered around this level …
Most analysts “don’t like to stand out from the crowd”, says Albert Edwards of Société Générale – especially with a negative forecast. But Edwards has always been famously bearish. The S&P 500, now around 1,600, …
Last week’s sharp drop in the gold price has brought out the bargain-hunters. Investors in Asia have rushed into the market to top up on jewellery, coins and bars, notes Josh Noble in the Financial …
The huge drop in the gold price is great news, says Marc Faber, one of gold’s best-known fans. “I love the markets. I love the fact that gold is finally breaking down. That will offer …
We learned a new word this week: ‘goldenfreude’. It’s a word coined by Joe Weisenthal of the Business Insider website to describe the sense of sheer glee felt by many financial pundits at this week’s …
I wrote a letter here in December 2011 saying that I intended to sell down my gold holdings. Some of our long-term readers were shocked. But it made good sense to me. I’d bought my …