| BID | ASK | CHG $ | CHG % | |
|---|---|---|---|---|
| GOLD | 1592.60 | 1593.30 | $18.80 | 1.19% |
| SILVER | 28.720 | 28.760 | $0.720 | 2.568% |
| PLATINUM | 1453.50 | 1458.50 | $5.50 | 0.38% |
| PALLADIUM | 602.50 | 606.50 | $3.50 | 0.58% |
| CHARTS | WEEK | 30 DAY | 1 YR | 5 YR | 10 YR |
Saturday, May 19, 2012
Are Investors Draining Greek Banks And Buying Gold?
By James O'Dell Los Angeles, CA. – Morgan Gold - Gold and Silver bullion prices rallied for a second day on Friday, with the price to buy Gold now at $1,593.60 an ounce and the price to buy Silver at ...
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Gold News from Morgan Gold
Long Term Uptrend In Gold Remains Firmly In Place
December 15, 2011
By James O'Dell
Los Angeles, CA. – Morgan Gold - The price of Gold remains under modest pressure on Thursday and is currently trading at $1,572.80 an ounce while Silver edged into positive territory trading at $29.20 an ounce following a raft of positive U.S. economic news beginning with a Labor Department report that jobless claims dropped by 19,000 to 366,000 in the week ended Dec. 10, the fewest since May 2008. The producer price index also showed an increase of 0.3 percent in November after having slipped 0.3 percent in October, while manufacturing in the New York region expanded more than forecast in December to its highest level in seven months, according to the New York Fed.
In November, employers added 120,000 jobs, and the unemployment rate dropped to 8.6 percent, its lowest point in over two years, with about half the decline occurring because many of the unemployed gave up looking for a job and when that happens, they're no longer counted among the unemployed. However, even with this influx of positive data, as long as the U.S. remains in a negative real interest rate environment, the long-term uptrend in Gold can be considered intact.
Wednesday’s record low award rate for the U.S. 30-year bond is another indication that the U.S. will remain in a negative interest rate environment for the foreseeable future. Furthermore, in the almost 11 year old uptrend in the price of Gold there have been several downside “corrections” of significance. Many of those corrections have amounted to hundreds of dollars to the downside before the resilient Gold market recovered and went on to post new all time highs. There is substantial uncertainty in the markets at present, much more than normal. This fact, in itself, is an early sign that a market bottom may be near for Gold.
Jeffrey Wright of Global Hunter Securities, makes an excellent point when he says, speaking of the current year-end low volume environment "As we get closer to holidays there are less market participants and less on the retail side ... when you have a sharp event and you don't have the breadth of market liquidity it can make these moves sharper because there is no one to participate." Don't leave your assets unprotected during these times of economic and geopolitical uncertainty, invest in physical Gold and Silver bullion and protect your wealth in 2012.
Widely recognized Gold and Silver bullion coins and bars can be bought and sold quite readily at Morgan Gold and they can be easily stored in a safe-deposit box if needed. Did you know you can add physical Gold and Silver to your IRA? Hear Edmund C. Moy, former director of the U.S. Mint, now representing Morgan Gold, speak on Gold and your retirement. Call 1.800.585.1773 and let our team at Morgan Gold help you diversify your portfolio today. Ask about our Sterling Trust Precious Metals IRA.
‹‹ news archives
Los Angeles, CA. – Morgan Gold - The price of Gold remains under modest pressure on Thursday and is currently trading at $1,572.80 an ounce while Silver edged into positive territory trading at $29.20 an ounce following a raft of positive U.S. economic news beginning with a Labor Department report that jobless claims dropped by 19,000 to 366,000 in the week ended Dec. 10, the fewest since May 2008. The producer price index also showed an increase of 0.3 percent in November after having slipped 0.3 percent in October, while manufacturing in the New York region expanded more than forecast in December to its highest level in seven months, according to the New York Fed.
In November, employers added 120,000 jobs, and the unemployment rate dropped to 8.6 percent, its lowest point in over two years, with about half the decline occurring because many of the unemployed gave up looking for a job and when that happens, they're no longer counted among the unemployed. However, even with this influx of positive data, as long as the U.S. remains in a negative real interest rate environment, the long-term uptrend in Gold can be considered intact.
Wednesday’s record low award rate for the U.S. 30-year bond is another indication that the U.S. will remain in a negative interest rate environment for the foreseeable future. Furthermore, in the almost 11 year old uptrend in the price of Gold there have been several downside “corrections” of significance. Many of those corrections have amounted to hundreds of dollars to the downside before the resilient Gold market recovered and went on to post new all time highs. There is substantial uncertainty in the markets at present, much more than normal. This fact, in itself, is an early sign that a market bottom may be near for Gold.
Jeffrey Wright of Global Hunter Securities, makes an excellent point when he says, speaking of the current year-end low volume environment "As we get closer to holidays there are less market participants and less on the retail side ... when you have a sharp event and you don't have the breadth of market liquidity it can make these moves sharper because there is no one to participate." Don't leave your assets unprotected during these times of economic and geopolitical uncertainty, invest in physical Gold and Silver bullion and protect your wealth in 2012.
Widely recognized Gold and Silver bullion coins and bars can be bought and sold quite readily at Morgan Gold and they can be easily stored in a safe-deposit box if needed. Did you know you can add physical Gold and Silver to your IRA? Hear Edmund C. Moy, former director of the U.S. Mint, now representing Morgan Gold, speak on Gold and your retirement. Call 1.800.585.1773 and let our team at Morgan Gold help you diversify your portfolio today. Ask about our Sterling Trust Precious Metals IRA.
‹‹ news archives
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