If you are going to watch one indicator for the price of gold for the rest of the year, make it the U.S. Dollar Index.
With just a few weeks left in the year, palladium has finished in first place out of the precious metals for the year. Gold came in second, with silver bringing up the rear in fourth place.
The price of metals, compared to world debt and the amount of money being printed, is unbelievable.
After recently hitting a four year high, the U.S. dollar index is now nearing a major resistance level between 89 and 90.
On this week’s show, economist Jerry Robinson provides five reasons he owns physical gold. Also, an update for stock investors.
Gold prices soared $50 last Friday just as supply problems began to escalate.
The U.S. Dollar is nearing an important resistance level…
Some big investors are moving more heavily into the precious metals market just as officials in Europe are making plans to impose new taxes on wealth.
TOM CLOUD: The silver supply problems have just begun as buying pressure explodes…
Switzerland’s plan to move to a gold standard will be big for precious metals. China and Russia are likely to follow in the near future.
Student pro-democracy uprising in Hong Kong is positive for gold prices.
Precious metals have topped the stock market so far this year.
Gold price has stabilized as China continues to make large gold purchases.
In this week’s Precious Metals Market Update, Tom Cloud says gold is nearing a triple bottom. Get the entire update here.
In this week’s Precious Metals Market Update, Tom Cloud says big money is on the sidelines waiting for FOMC announcement this Wednesday. Get the entire update here.
Why giving up on gold may be one of the worst mistakes investors can make today.
by FTMDaily.com on August 26, 2013
Besides gold and silver, top precious metals expert reveals his current investment holdings.
by Tom Cloud on August 5, 2013
I think sellers abandoned gold equities prematurely on weak grounds, and will be back when that becomes obvious, joined by even bigger numbers of new investors.