Category: Precious Metals
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Precious Metals Market News
Gold Settles $16.90 Lower … ($1630.80) This week the February Gold futures traded a choppy and volatile $57.20 range as traders attempted to decipher the geo-political and economic data. The news this week was mostly bullish for precious metals however, the past session and a half has forced traders to liquidate and take profits as…
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Rare Industrial Metals and Silver for American Clients with IRAs
A sound investment idea is to replace under-performing assets in your existing IRA/Roth account to establish a Rare Industrial Metals and Silver (RIMS IRA). This is a wise asset protection choice. Rare Industrial Metals are increasing in value and are estimated to continue growing due to their limited supply and high demand by key industries.…
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Weekly Gold Futures Report
February Gold Futures Settle At $1716.80 For The Week… This week the February Gold futures contract covered a range of $55.60 with a high of $1760.50 and a low of $1704.90. The trade itself has been very choppy and volatile in a daily basis. It has been another week driven by news from the European…
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Gold Futures Update
February Gold Settles At $1751.30 For The Week. This week the February Futures Gold market traded very choppy and volatile $80.10 range. Friday’s Unemployment data for November in total non-farm payrolls was +120,000 and The reading of the Unemployment rate is 8.6% better than the 9.0% that was expected. Friday’s trading session covered a $25.40…
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How to Invest Offshore in Gold
There have been few investments that have gone up as far and as fast as precious metals in the last several years. Precious metals like gold and silver are getting more and more popular today because people like having money invested in a real asset rather than just paper stocks or even cash. While there…
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Weekly Gold Report
THIS WEEK GOLD COVERED A $92.10 RANGE AND SETTLES AT $1636.10 FOR THE WEEK This week the December Gold Futures contract traded a technical $92.10 range as traders and investors tried to decipher the constant barrage of news from the European union along with the daily economic data. Without a doubt this week’s markets were…
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Gold Report and Bank News
GOLD SETTLES AT $1683.00 FOR THE WEEK Gold rallied today as global traders and investors reacted to more credit rating cuts, this along with higher crude oil prices sent speculators into the precious metals as an alternative “safe haven” investment choice. It also appears that physical buying has increased from India and China which has…
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Weekly Gold Report
This week’s Gold market covered a $29.60 range while notching another All-time high as the August futures contract traded as high as $1610.70 on July 19th and as low as $1581.10 just one session later. These markets have been economic data driven and since the data that is being released apparently changes seemingly minute to…
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Trade Silver Futures Offshore on Hong Kong Mercantile Exchange
The Hong Kong Mercantile Exchange (“HKMEx”), China’s international commodity marketplace, announced Monday the launch of a US-dollar silver futures contract to begin trading on 22 July, 2011, following the successful introduction of its gold futures two months ago. The new contract, launched on the back of surging global demand for silver, will trade in units…