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  • What Do Gold and Oil Prices Have in Common?

    • June 23, 2014
    • Category: Gold
    Last week we told you that gold went up for a few different reasons: dovish comments from the Fed (“dovish” meaning suggestive of lower interest rates and less inflation concern), the increasing violence in Iraq, and the heightened conflict between Russia and Ukraine. Three things these items have in common are the gold price, inflation, and
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  • This Week in Gold: Iraq, Ukraine, and the Federal Reserve

    It was an exciting week for gold as we saw its price go up $41 in just one day. It remained steady in the beginning/middle of the week before skyrocketing on Thursday. Today it is down slightly but still over $1,300 at about $1,315. All of this occurred in the context of an Iraqi civil

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  • What Happened to Gold Yesterday – Who, What, When, Where, and Why?

    • June 20, 2014
    • Category: News

    Brendan Conway of Barron’s wrote an article yesterday asking What the Heck Just Happened to Gold and Precious Metals? Many other market-watchers are probably asking this same question, and more importantly, they are asking who, what, when, where, and why. The Fed’s announcement made on Wednesday night of downgraded growth forecasts for the U.S. economy as

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  • Gold Breaks $1300 for First Time in Three Weeks

    • June 19, 2014
    • Category: News

    Gold has reached a three-week high today as investors who sold their gold before yesterday’s Fed meeting have now bought it back following the announcement hinting at continued low interest rates. Gold for August delivery, by 10:00 a.m. EST when reported on by the Wall Street Journal, was at $1,288.40 per ounce, an increase of

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  • Fed Statement Announces Downgraded Outlook on U.S. Economic Growth

    • June 18, 2014
    • Category: News

    We reported earlier today that gold was holding steady as the market was anticipating a statement from the Federal Reserve and a press conference by Janet Yellen, the Fed’s current Chairwoman. The statement, as expected, announced a downgraded outlook for the U.S. economy and a phasing out of its Quantitative Easing (economic stimulus) program. The Fed had

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  • Gold Steady During Iraq Turmoil and Fed News Anticipation

    • June 18, 2014
    • Category: News

    Gold is again responding to the conflicts in Iraq and Ukraine and gold bugs are standing by awaiting the next Federal Open Market Committee (FOMC) statement plus Federal Reserve Chair Janet Yellen’s press conference happening this afternoon. So far today in early trading, gold has held steady at $1,271.50 an ounce, only dropping by 50

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  • American Bullion Launches Scholarship Program

    Los Angeles, CA (PRWEB) June 16, 2014 American Bullion, a trusted leader in adding physical precious metals such as gold, silver, platinum, or palladium to individual retirement accounts, believes in education and encourages students to improve their knowledge of precious metals and investing. To spread this message, American Bullion offers a Financial Education Scholarship to current high

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  • This Week in Gold: Stock Bubbles, Interesting Facts, and the World Cup

    This was an exciting yet also nerve-wracking week for gold, but we learned some fun facts as well. We presented three experts’ opinions on a possible collapse in stock prices, gave you 25 interesting facts about gold, saw gold rise on international developments like the World Cup, and learned of the many industrial uses of silver. Today

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  • Silver – The “Silver Bullet” for Many Precious Metal Industrial Needs

    • June 12, 2014
    • Category: Silver

    Precious metals are not just precious when they’re stored in your bank safety deposit box. They have many industrial uses outside of finance as well. For example, gold is often used in electronics, platinum is used as a catalyst in chemical reactions, and palladium is used in automobiles. But did you know that silver actually

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  • Gold Rises on International Developments – Including the World Cup

    • June 11, 2014
    • Category: News

    Gold may be headed for a rally on safe-haven demand due to some interesting international developments. Gold for August delivery is up 0.2% to $1,262.40 an ounce today as of about 10:00 am EST. Silver also rose by 0.2%. The World Bank forecasted lower expectations for global economic growth, estimating it will expand by 2.8%

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