Gold and Silver Market Morning Report by Julian Phillips Continue reading
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Silver
The euro crisis threatened an imminent blow-up of the global banking system and this would have resulted in a panic sell-off of all asset classes including precious metals. Continue reading
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“It’s clear that if any significant fraction of the cash sloshing around the economy were to be used to buy gold, it would have a major impact on the price of gold – which would trigger the mania I fully expect.” – Jeff Clark Continue reading
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For many years now gold and silver –by its pattern of following gold wherever it goes— have been treated by traders, investors and central banks as a ‘counter to the U.S. dollar’ and quite rightly so; this definition, however, applies primarily to the long-term value of the dollar and not simply to the daily gyrations of the dollar’s exchange rate. Continue reading
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While the fundamentals for silver are strong, investor interest in precious metals has waned and some analysts are announcing end of the precious metals bull market. Continue reading
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Utah has signed the House Bill 157 Currency Amendment recognizing gold and silver as money and legal for use in trade… also exempt from capital gains. Continue reading
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