Amid Sharp Two-Day Drop, Traders See Rebound in Gold Over Next Month (GLD)
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Recent Slump Might be the Ticket for Big Gains in Gold (GLD) (IAU) (GG) (ABX)
April 22, 2013 11:32 AM EDTThe SPDR Gold Shares (NYSE: GLD) is ticking higher following a bullish report in Barron's issued over the weekend.
Following a record $134 in gold futures last Monday -- the largest seen in some 30 years -- stocks in the sector are starting to look enticing. Multiples are at or near all-time lows for names like Barrick (NYE: ABX), Kinross Gold (NYSE: KGC), Goldcorp (NYSE: GG), Newmont Mining (NYSE:... More
Gold Bounces Back Amid Cyprus Concerns, Bolstered by Asian Buying
April 17, 2013 10:13 AM EDTiShares Gold Trust (NYSE: IAU) and SPDR Gold Trust (NYSE: GLD) are ticking higher Wednesday following weakness that less to the largest dip in gold since 1983.
June contracts are up modestly to $1,387 per ounce on the Comex,... More
A Short List of (Relatively) Safe Gold Stocks
April 16, 2013 2:32 PM EDTThis week gold and silver were the talk of the town on Wall Street after panic sent precious metals sharply lower. There is no shortage of theories about gold's massive plunge - everything from Cyprus central bank selling, a large margin call, fears of Fed tightening, ETF liquidation, and so on. Whatever the case, it's clear that... More
CME Group Boosts Margin Requirements on Gold Following Sharp Drop
April 16, 2013 7:08 AM EDTFollowing the plunge in gold on Monday, the CME Group (NYSE: CME) said it would raise collateral requirements for trading the precious metal, along with natural gas futures contracts.
Margins on 100-troy ounce gold futures will increase by 19 percent while nat gas will rise 5.6... More
Peter Schiff Weighs in on Gold: 'Despite its current disfavor, gold is real wealth'
April 15, 2013 12:11 PM EDTNoted gold (NYSE: GLD) bull Peter Schiff weighed in on gold following the $200 per once slide over the past two days. He said despite the recent disfavor, gold is real wealth and central banks realize this.
Gold in the Crosshairs
In the opening years of the last decade, most mainstream investors sat on the sidelines while "tin hat" goldbugs rode the bull market from below $300 to just over $1,000 per ounce. But following the 2008 financial crisis, when gold held up better than stocks during the decline and made new record... More
Gold & Other Commodities Plunge as Panic Runs Wild
April 15, 2013 11:34 AM EDTLast Friday Citi put out a very bearish note on commodities, saying the 'death bell' rings for the commodity supercycle. The report coincided with a technical breakdown in gold. Taken together with lingering concerns about tighter Fed monetary policy, the news sent gold prices below $1500 per ounce. That's where the story began.
This morning Citi followed up the note with a downgrade of copper name Freeport-McMoRan... More
Gold futures fall below $1,500/ounce in New York
April 12, 2013 11:02 AM EDTGold futures fall below $1,500 per ounce in New York.... More
