(Kitco News) – Gold got pummeled this week. The recent failed triangle breakout emboldened short-term speculators to sell on rallies. Swing and trend traders bailed out on long positions in gold after the market failed to hold onto the triangle breakout. Trying to….
Silver may not be as scarce as gold, but its attractiveness to investors has been gaining momentum in 2016. Many are asking why are silver prices rising, and the answer is twofold. Silver prices are up after several years of declines due to….
Gold has edged lower for the third straight session and notched its biggest weekly slide in nearly two months on growing expectations for an increase in US interest rates as soon as next month. Spot gold was down 0.2 per cent at $US1,252.1….
(Kitco News) – Famed newsletter writer Dennis Gartman says days like Wednesday, are the reason he prefers owning gold in non-US dollar terms. “[W]e are able not to absolutely “throw up!” With gold plunging in US dollar terms, it fell but fell only….
(Kitco News) – May 19 – Markets don’t go in a straight line up or down. There are squiggles, pauses, rips and dips in trends. Gold bulls got slapped back this week as traders pulled back on some short-term long positions as the….
Gold is not the rarest metal, but it’s quite hard to find and extract in large quantities with pre-industrial technology. Its principal characteristics of being highly corrosion-resistant and easily worked made it highly desirable (and still do) for decorative purposes, and even more….