11 Nov 2012

Market Update: Election Hangover?

November 11, 2012 Birch Gold

With the US elections over and maintaining the status quo for the most part, are we back to square one, or can we expect reverse motion away from the fiscal cliff? The markets didn't think so last week, with gold closing up at $1,738 and silver at $32.16. As indicated last week by astute analysts, the election was a...

04 Nov 2012

With the presidential election just a few days away, the latest jobs report showed that more jobs than expected entered the economy in October, pushing gold to close at $1685. But even with this drop, the yellow metal continues to average unprecedented highs. Silver, however, is looking like a steal, with global markets bullish on the white metal. Superstorm...

31 Oct 2012

Though it may look like the chasm between Barack Obama and Mitt Romney is extremely large, the chances of the markets (including that for gold and silver) making major, lasting shifts in any direction based on the victor are slim.

28 Oct 2012

Following gold's slip last week, this week saw a round of bargain hunting. Gold traded near highs of $1,730, ending the week at $1,716. Silver held in a lateral position with platinum taking a beating as South African mining strikes resulted in massive layoffs and mine closures. US job reports leave many unimpressed, and the country’s presidential elections seem...

07 Oct 2012

Fueled by continued chatter surrounding the indefinite duration of QE3 and the nearing "fiscal cliff", gold reached fresh 2012 highs last week, nearly hitting $1,800 before settling at $1,784. All metals were up for the week, and we continue to see calls across the board for precious metals to continue their upward trends.

24 Sep 2012

On the heels of the Fed's announcement of QE3, Morgan Stanley is already predicting a fresh round of quantitative easing to be thrust on top of the $40 billion to enter the economy each month. What does it mean for your investments? And for gold and silver?