Earlier this year, I warned that gold prices would drop, when I wrote that the rise in gold prices did not indicate the end of the correction, and that we might see a move back to its recent bottom, or possibly an even lower bottom. As of this moment, gold is trading at €925 per troy ounce, well over €50 above its low of December 2013. In sum, gold trades at well over 5% above its bottom... »
A Few Words of Optimism for Gold Investors
November 10 2014
Olav Dirkmaat
What the World's Most Famous Central Banker Said about Gold
November 4 2014
Precious metals were hit hard this week. In dollar terms, silver was down 5% and gold dropped below a price of 1.200 dollar per troy ounce. Today, the prices of gold and silver continued to decline. What is causing this decline? Last week, the Fed’s Open Market Committee (OMC) announced to fully phase out QE3. Precious metals dropped in price, while the dollar strongly appreciated. Theref... »
Olav Dirkmaat
New Flashpoints
October 21 2014
Once upon a time there was a world where financial markets were paralysed by the central banks that pumped billions of dollars, pounds and euros into the financial system. A world where economies were struggling to pick up the slack - while the markets were climbing to record highs. And as the rich... »
Nadine Smeding
Longest Profit Run in 7 Months Time
October 13 2014
Finally there's some good news to report. Yesterday the gold price rose 0.4% to $1,225.9 / oz. It's not often we've been able to say this recently, but it was the fourth day in a row that the gold price was in the green. More than that, these four days have equalled the longest run of gains in 7 months.... »
Nadine Smeding
