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Monthly Archives: December 2013

Gold In Early 2014: Chinese New Year Is Eyed For Demand Hints

As gold ends its poorest period for cost declines in three decades, and crawls to its first year cost decrease since 2000, gold bugs appear to 2014 for possibility winds of change.

But it’s unclear what exactly to wait for the world’s most popular precious metal in the initial months of 2014. A lot analysts expect the gold to trade narrowly between $1,150 per ounce to $1,250 per ounce, or at the extremes, from $1,000/oz to $1,400/oz.

If prices drop beneath $1,000/oz, all bets are off the table, though few bank analysts anticipate that (more…)

The case for ditching stocks and buying gold in 2014

Investors are likely to recollect 2013 not only as a banner year for the stocks-but also as a miserable one for gold. With a nearly 30% slide, the gold not only suffered its

first year loss since 2000, but its bottom period since 1981. Yet few strategists are contending that the secular bull industry for gold remains intact. And in fact, for those who  stay wary about the Federal Reserve’s quantitative easing announcement looks far preferable to stocks for 2014.

In gold, we’ve  lately seen “more of a cyclical rather than a secular bear industry,” said Peter Boockvar on (more…)

Gold Caps Biggest Annual Rout Since ’81 as Investors Lose Faith

Gold futures, which reached a six-month low today, posted the largest period falloff in three decades as an improving economy cut demand for wealthiness protection. Silver touched the worst since July.

Bullion futures for February delivery drop 0.1% to locate at $1,202.30 an ounce at 1:39 p.m. on the Comex in New York, after reaching $1,181.40, the worst since June 28. Prices drop 28% this year. Investors lost faith in the metal as a stock of amount as equities rallied and an economic recovery prompted the Federal Reserve to pare its $85 billion in monthly (more…)

Gold, silver rise, posting weekly gains

Gold and silver futures settled higher Friday, logging gains for the week on light holiday trading, but the return of futures traders and positive economic data are expected to create headwinds for current prices. Gold for February delivery GCG4 -0.68% settled up $1.70, or 0.1%, at $1,214 an ounce on the New York Mercantile Exchange, for a 0.9% weekly gain, according to FactSet. Earlier in the day, the contract had traded as low as $1,208.50 an ounce.

Similarly, March silver SIH4 -1.49% gained 13 cents, or 0.7%, to settle at $20.05 an ounce, for a weekly (more…)

Polyus Gold Delays Launch of Natalka Mine—Russian Company Cites Steep Declines in Gold Prices

MOSCOW—Russia’s Polyus Gold Foreign Ltd. PGIL.LN +0.78% said Friday it was postponing the open up of its Natalka mine—one of the world’s largest untapped deposits-for a year, citing soak declines in gold prices this year and worries of continued unsteadiness.

Gold prices have tumbled by 30% this year to a three-year low of $1,200 a troy ounce with the industry set to end 2013 with its first year decrement in 13 years and its largest decrease since 1981. Prices slid dramatically originally this month after the (more…)

Gold Closes Higher on Weaker Dollar—But Some See Gold Easing After Holiday Period

NEW YORK-Gold prices stretched past gains on Friday in noiseless holiday trade, after the dollar retreated further against its counterparts and hit an eight-week low.

The most actively traded gold contract, for February delivery, rose $1.70, or 0.1%, to settle at $1,214 a troy ounce on the Comex division of the New York Mercantile Exchange.

Gold’s run up in value during the past few days has been aided by a concurrently weaker dollar, and that strength is (more…)

David Morgan: 2014 Gold and Silver Forecast – $30 Silver and $1,700 Gold by End of 2014


(Youtube)

David Morgan of Silver-Investor.com says, “The financial system on a global economic scale is in a place that has never ever been established before. So, it is very difficult to forecast how it will unravel.” But, unravel it will. That’s why Morgan says, “This is why I am such an advocate of hard money, gold and physical silver. You want to be early. You don’t want to be late.” What will the price of gold and silver be this time next year? Morgan says, “I think we’ll see $30 to $34 silver and $1,700 gold by the end of 2014.” Join Greg Hunter as he goes One-on-One with silver expert David Morgan.

Gold rebounds in post-Christmas trade

Gold and silver futures rose in thin, post-Christmas trade Thursday, gaining aspect on a acceleration in physiological claim from Asia first-time claims for unemployment benefits saw a larger-than-expected decrease.

February gold futures GCG4 -0.60% rose $9, or 0.7%, to close up at $1,212.30 an ounce on the New York Mercantile Exchange. March silver futures SIH4 -1.64% jumped 44 cents, or 2.3%, to conclude at $19.92 an ounce. It has been a (more…)

Spot gold holds above US$1200oz, lower Australian dollar helps local producers

Gold in the patch market is currently trading slightly softer at US$1203 an ounce.

Softening the cocain from the autumn in the price of the yellow metal for Australian Stock Exchange gold producers, with municipal production, is a dropping Australian Dollar compared to the U.S. Dollar. With the judge down to AUD / USD 0.892965, this prices gold in the local currency at around A$1340 an ounce. (more…)

Gold steady above $1,200, but tapering worries remain

Gold held becalm on Monday after its greatest weekly loss in a month, but the metal was relieve at the hazard of dropping back under $1,200 an ounce as investors reticular over the result of a U.S. stimulus tapering. Prices were nourished in thin Asian trading as holdings of SPDR Gold Trust, the world’s biggest gold-backed exchange-traded fund, rose 5.40 tonnes to 814.12 tonnes on the first inflow since November 5.

“There seem to be subtle shifts in sentiments for more bullishness after $1,200 was damaged,” said Joyce Liu, an investment (more…)

Gold recovers on low-level buying, global cues

Gold prices recovered by Rs. 240 to Rs. 30,400 per ten grams in the national capital today on appearance of purchase at existing low levels amid a firmly global current. Silver also snapped three-day losing streak by increasing Rs. 450 to Rs. 43,950 per kg on enlarged offtake by industrial units and coin makers.

Traders said appear of purchase at existing low levels amid a firm globular inclination, spurred by the Federal Reserve’s resolution to cord information, mainly led to a recovery in precious metals. Gold in New York, which ordinarily (more…)