Tag Archive: mario draghi

Swiss People Vote

How this single move by the Swiss could alter the market for gold

September 28, 2014 6:42 pm Published by

As the European Central Bank continues its loose monetary policies, the Swiss are getting nervous. For a nation with such a distinguished and proud history in banking, privacy and respect for gold, it seems like they can no longer idly watch the ECB print money. Now, what they're considering doing may not only put them back on the path towards fiscal responsibility, but it could have huge implications for the entire gold market. Find out here what they have up their sleeve.

Market Update: Gold hits 2012 high

October 7, 2012 4:58 pm Published by

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.

Market Update: Calling Bull on the Bears

December 8, 2012 6:13 pm Published by

November has come and gone with gold not reaching $2000 as some had predicted. Indeed, several large ETF sales and massive automatic sell-offs stymied the progression of the yellow metal during the last week of the month. Gold closed down Friday at $1701.50, with silver closing at $32.85. While some are pulling back on their predictions for gold and silver, Morgan Stanley is remaining bullish and suggests you do, too. China has launched their own gold index, and some mines seem to be indicating that the need to diversify their enterprise is at hand. The European Union is still together, with Draghi twisting some arms to at least get a stay of execution until the US decides that the fiscal cliff is really just its own shadow. Meanwhile on Planet Real World, gold coins are seeing record sales. It's deja vu all over again.