Possible Italian Banking Collapse: Major New Stress on Financial System

Posted filed under Financial News.

italian-banking-collapse

Leading up to and since the 2008–2009 economic meltdown, global financial markets give evidence of falling victim to the “frog in hot water” syndrome. The constant drip-drip of depressing economic news and declining indicators seem to be expected and accepted as “normal.” However, the Brexit shock has created an awareness that the economic pot is… Read more »

Price of Silver Weekly Recap: July 11 – July 15, 2016

Posted filed under Silver Price News.

silver price recap

Silver continued its upward trend this week, rising 2% on Monday from last week’s close to touch $20.67 per ounce, yet still below last week’s two-year highs. While gold struggled this week against a basket of somewhat positive economic indicators, silver remained relatively steady. Silver’s myriad uses in industry means that the silver demand is… Read more »

Price of Gold Weekly Recap: July 11 – July 15, 2016

Posted filed under Gold Price News.

gold price recap

After last Friday’s unemployment report, gold opened this week down $11, around $1,355 per ounce. The report showed U.S. jobs growing by 287,000 in June, significantly higher than analysts expected, yet analysts don’t expect this news to spark a change in interest rates. Some global economic indicators strengthened, including the British pound and the S&P… Read more »

Silver Skyrockets: What Is Behind the Recent Rally?

Posted filed under Silver Price News.

silver-prices-brexit

The world’s political pundits and financial markets all gasped when the much-awaited Brexit vote came down on the side of leaving the EU. While many markets dipped significantly, both gold and silver saw solid advances, reaching their highest price points in nearly two years. 1 In fact, silver outpaced its yellow sister in its increase,… Read more »

Price of Silver Weekly Recap: July 4 – July 8, 2016

Posted filed under Silver Price News.

silver price recap

Silver surged this week, starting the week out at a two-year high on Monday at $20.40 per ounce. The jump was driven by continued uncertainty about the Brexit decision, and the anticipation that the Bank of England would loosen monetary policy at their meeting this week (which did occur). Increased silver buying from China also… Read more »

Price of Gold Weekly Recap: July 4 – July 8, 2016

Posted filed under Gold Price News.

gold price recap

Gold and silver continued to surge this week, catapulted to multi-year highs after the decision of Great Britain to leave the European Union. Monday opened the week strong, boosted by strong Asian buying and high demand for silver, though U.S. markets were closed for Independence Day. The price of gold rose from $1,340 per ounce… Read more »