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Showing posts from April, 2013

Now To Buy Gold or Not?

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Should you buy gold or not? That’s the question and everyone seems to have an answer. Unfortunately they’re never the same. Some analysts fear the low prices of Gold that we’ve seen in the past month will surely signal another recession. Others say that it was just a fluke and justify it by the fact that the price of gold is improving. Slowly yes, but still improving. Gold prices are currently up $22.00 to $1,475.60 an ounce. Considering it was well below $1,400 an ounce this time two weeks ago, many investors are breathing a sign of relief as it’s steadily rising. If this trend continues, gold will be over $1,500 an ounce in no time. What investors need to understand is that like with anything, gold will have their good days and bad days. Stop-losses will occur and profits will be made. But no way is it a “sure thing” that if you invest in gold you will come out richer than you ever thought imaginable. If you come into the gold business expecting it to be easy, tha

Investors are swooping in to buy gold

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Gold prices are once again evening out to $1,429.13 an ounce. Investors are swooping in to buy gold and significantly lower prices to make a bundle once the prices of gold evens out out. Although this significantly helps investors who are buying today, it doesn’t help those investors who bought at gold’s peak price. Instead, they are being “short squeezed.” This occurs when investors are forced to buy back gold at significantly higher prices, thus being squeezed out of the market because they took such a heavy loss when the prices plunged. Gold prices change every day, sometimes significantly and others times minuscule. What was once a steady upward trend, is now hit or miss. In turn, this causes some investors a great deal of money, while other investors are making out like bandits.

Gold Prices Increase 2.6%, But Will it Last?

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Despite gold increasing 2.6% to $1,430.70 an ounce over the weekend, many analysts, and investors fear that it will only be short lived before falling further. Although physical buying of gold, especially in Asia continues to increase, technical gold has been spotty at best. Analysts and investors hope that gold will continue to increase and get back into the $1,500 an ounce range. Tim Riddell who is the head of ANZ Global Markets Research in Asia explains, “We really need to get back into the $1,500s to say that there’s something more substantial taking place. The close above $1,400 may have taken the negative pressure out of gold in the near term. A close below that level will heighten the risks of new lows.” When it comes to stocks, Seabridge Gold is not having a good day as stocks fell 1.87%% to $10.48. Randgold Resources Limited continues to do well as stocks increased 1.84% to $71.56. In the ETFS sector, Junior Gold Miners ETF Market Vectors saw their stock incr

Gold Is Recovery at $1,392/Oz

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Gold is making a nice recovery since it plummeted last Friday and then again on Monday. At the moment its trading at $1392 an oz. Although this still isn’t great, it gives investors hope that it will eventually make a full recovery. Stop losses were ignited on Friday as gold fell below $1500 an ounce and then kept falling on Monday morning. Many blamed it on the strengthening of US dollar, others assumed it was a fluke. Many analysts cite the Asian market as the reason Gold is recovering so nicely. Through this whole ordeal, Physical Asian Gold never faltered, with stocks continuing to climb today.