February 5, 2012

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Could Chinese New Year Boost Silver and Gold?

January 31, 2012 By Leave a Comment

The precious metals market has been looking for any sign that the slide happening over the past 6 months is going away. Well both gold and silver prices are finally rebounding with gold leading the way to an 8 week high.

What could be causing the rise?

Looking to Barron’s online they say…

Prices moved higher during Asian trade as Chinese buying picked up following the Lunar New Year holiday, according to a Dow Jones Newswires report. But analysts remained cautious, pointing to an 11.2% rise so far in 2012 in gold futures prices. The PowerShares U.S. Dollar Index ETF (UUP) was falling some 0.27% in pre-markets as the CurrencyShares Euro ETF (FXE) was rising by 0.39%.

That could mean good news as the market looks to pull investors back in.

Filed Under: Gold, Silver News, Silver Prices Tagged With: ,

Price of Silver Back Below $30

September 30, 2011 By 2 Comments

The price of silver and gold have been dropping and siler dipped below $30 per troy ounce again today. That price is fast becoming a floor that most silver investors a hoping stays in place as the world economic market tries to figure out what to do with the chance of another recession.

Is it demand? Is it finally a correction? Investors are trying to figure that out. Gold had the biggest plunge since the 80s and silver is right there behind it, with two dips in the year that have sent investors to the sell sell sell button.

The first was in May, after the price of silver dropped more than 25% in a few days just before it was flirting with an all time high of $50 an ounce. Then again this past month, after gold had it’s run-up to record high prices, both precious metals were in the news with a big sell-off.

Only time will tell, some investors are saying I told you so while others are looking at just another dip as volatility plays into the markets.

Filed Under: Gold, Silver News, Silver Prices

Should You Buy Silver Now?

September 29, 2011 By 1 Comment

The price of silver has plummeted. In a similar fashion to the early May 2011 silver sell-off, this recent sell-off has taken more than $10 off the price of silver in less than a month. That’s more than 25%. So should you buy silver at a time like this?

Well, if you look at the chart. It would appear that after any recent large sell-off in the silver markets, there appears to be a climb back up. But will that happen again. If we look at the economic climate we’re in compared to the May climate, we may gets som answers as to whether or not we should buy some silver at these prices.

Back in May it Silver was growing rapidly, recently Gold took a similar growth, hitting new highs well above $1800 per ounce. From there, it was obvious there was going to be some type of pull-back. And lately, where gold goes, silver prices usually following.

The economy was said to be recovering in May in the US, but China was beginning to come into question. Demand for silver and gold was brought into this same equation, and prices were likely to fall. Now, like then, another world power economy, Europe, is coming into question and demand ripples are being felt everywhere, especially precious metals.

But the real question is, Is it as bad as they say? If you believe the economy is as bad as the “experts” suggest, then deflation could be around the corner and precious metals historically don’t do well with inflation. However, if it isn’t as bad as they say, and the US and European governments begin pumping more money into the economies, we could be headed for more and more inflation making now a good time to buy silver.

Should you buy it? Well that’s for you to decide. Will you?

Filed Under: Buying Silver, Gold, Silver Prices

Price of Silver Sinks With the Market

October 1, 2009 By 10 Comments

The market was down, commodities were down, everything was down. So where do you put your money? Especially if you can’t put your money in precious metals, which are supposed to save you from inflation.

Well, we don’t think the world has gone crazy and decided to take their money out of everything. We think rather, the market is correcting itself. Investors are taking profits from both equities and commodities and we’re seeing a sell-off. But that doesn’t mean you shouldn’t look into buying these.

We think instead, you should think about buying into the market, especially something like SLV or GLD. Both of these ETFs look to provide you with buying opportunities in the coming weeks. Especially if we see another pull-back in the market. What around or get in now, either way, it looks like there might be some dollars to be had in the precious metals world.

Filed Under: Buying Silver, Gold, Inflation, Silver ETF Tagged With: , , , ,

Blogtown Press Adds Another Precious Metals Blog

April 6, 2008 By Leave a Comment

Blogtown Press, the blog network this blog resides under, has added another precious metals blog to it’s list of great resources for readers like you. Gold Rushed is the latest blog that you can use to find all the information you need about investing in the precious metal gold.

In this market of volatility, gold and silver have become hot commodities and learning as much as you can about them has become priority for many investors. GoldRushed.com allows it’s readers to keep up to date with gold prices so you’ll never miss a great buying opportunity. The plan is to research just like Blog Silver and provide readers with all the potential gold plays, from ETFs, to mining companies.

Like silver, buying gold doesn’t have to be just about buying gold bars and watching them collect dust. You can get into the gold market with simple stocks and trade them in your normal trading account like sharebuilder or etrade. Buying gold can be simple, just like silver, and Gold Rushed hopes to help you find out just how simple it is.

Filed Under: Gold, Precious Metals Tagged With: , , ,