Price of Gold Weekly Recap: August 1 – August 5, 2016

Posted filed under Gold Price News.

gold price recap

Gold prices finished the day Monday with a modest bounce, even against slumping oil prices, to close near three-week highs. Crude oil hit $40 per barrel and the dollar index was stronger, but gold and silver continued their momentum from last week’s gains. Asian stock markets were higher, and the U.S. GDP report out last… Read more »

Price of Silver Weekly Recap: August 1 – August 5, 2016

Posted filed under Silver Price News.

silver price recap

Silver opened the week solidly in the $20 arena after last week’s gains. Silver prices had gained 1% since the close of last week to touch $20.65 per ounce. The price of silver largely followed gold prices this week, and posted gains Tuesday despite struggling oil prices and a stronger dollar. Silver reached a four-week… Read more »

President Trump: A $500 Bump in Gold Prices?

Posted filed under Gold Price News.

donald-trump-affecting-gold-prices

Regardless of their political leanings, serious buyers of gold and investors in all precious metals understand these are very unusual times. This reality is driving a great deal of discussion, particularly in a post-Brexit world. Unpredictable World Politics Many respected analysts and pundits were proved wrong about the possibility of a successful leave vote coming… Read more »

Big Banks Face More Charges of Ongoing Currency Manipulation

Posted filed under Financial News.

banks-manipulating-currency

Executives in the massive banking firm HSBC were recently charged with more price and market manipulation accusations. Two senior executives are currently facing criminal charges alleging that they were involved in a currency manipulation scheme that illegally brought in $8 million. The allegation accuses them of conspiracy to commit wire fraud; unlike other insider trading… Read more »

Deutsche Bank: Another Lehman Brothers Scenario?

Posted filed under Financial News.

deutsche-bank-crisis

If there is any financial icon no current financial institution wants to serve as a comparative icon, it is the infamous Lehman Brothers. The subject of many case studies and review, Lehman collapsed in a September 15, 2008, $639 billion bankruptcy. 1 Because it was both a cause of and victim of the 2008 global… Read more »

Price of Silver Weekly Recap: July 25 – July 29, 2016

Posted filed under Silver Price News.

silver price recap

The price of silver experienced declines on Monday, affected by the general pullback in commodities ahead of this week’s central bank meetings in the U.S. and Japan. The silver price was low at $19.50 per ounce; oil prices were also near three-month lows. The gold to silver ratio was at a daily high of 68:1…. Read more »