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Silver's price weakness is exaggerated - Metals Focus
The silver market faces some short-term headwinds as focus on the potential for tighter monetary policy; however, the precious metal's drop to a three-month low below $25 an ounce has exaggerated the market's weakness, according to one research firm.
In a report published Wednesday, analysts at Metal Focus reiterated their positive outlook for silver, looking for higher prices by the end of the year. In the report, the analysts said they see the recent selling pressure as more strategic rather than a fundamental shift in investor interest. Read More
This shows 'how easy' it is to manipulate the gold market - trader's chat logs
Gold trader's chat logs were introduced as evidence during a Chicago spoofing trial of two former precious metals traders for Bank of America Corp's Merrill Lynch, revealing comments on "how easy" it is to manipulate the precious metals market.
The chat logs are related to an event that happened on January 28, 2009. The messages show the precious metals trader Edward Bases, who at the time was working for Deutsche Bank AG, boasting of how easy it is to manipulate the gold market. Read More
U.S. headed towards 'bankruptcy'; Gold will protect you, everything else will 'get crushed'
The U.S. is headed for bankruptcy and economic decline, and the best way to protect your wealth is with gold, said Yaron Brook, managing partner of BHZ Capital.
Brook is the best-selling author of several books, including “Free Market Revolution: How Ayn Rand's Ideas Can End Big Government”. He is the chairman of the board at the Ayn Rand Institute and is host of the Yaron Brook Show. Read More
Gold and silver are trading flat leading into the European open
Gold and silver are trading flat leading into the European open but both have rejected lower levels. The yellow metal hit a low of $1792/oz in yesterday's session (around 9 am London time) and has since moved to retake $1800/oz to trade at $1807.52/oz. Silver has been making some higher lows and higher highs on the hourly chart since the Asian session on 21st July. I
n the rest of the commodities complex, copper has risen 0.25% and looks like it might test the consolidation high at $4.39/lb. Spot WTI has fallen a very minor -0.14%. Read More
Investment bank traders bragged about how easy it was to manipulate the precious metals markets
The trial of two precious-metals traders who used to work for Bank of America's Merrill Lynch unit showed one of them, Edward Bases, bragging about how easy it was to manipulate prices. Read More
Kinesis is a revolutionary monetary system, based 1:1 on allocated gold and silver that provides users with a stable store of value. One that rewards you every month, allowing you to send, spend and trade in digital gold and silver. Read More
Disclaimer: These articles are provided for informational purposes only. They are not offered or intended to be used as legal, tax, investment, financial, or other advice
