Silver Stocks Surge on Record Silver Price

New All-Time High for Gold

The price of gold posted a new all-time high, touching $1,446.75 per ounce.  The surge in gold prices comes on the heels of news that Portugal may need up to $100 billion to bail out the fiscally-strapped nation.  Silver prices also moved higher, posting new 31-year highs of $38.09 per ounce.

Gold Price Climbs as Portugal Nears Bailout

GOLD PRICE NEWS – The gold price traded marginally higher Thursday morning at $1,439 per ounce as Portugal’s government neared collapse.  Precious metals – both gold and silver – have seen strong investment demand in recent weeks as geo-political concerns have risen.  While the gold price remains below its recent record high, silver is hitting [...]

Silver Soars, Gold Follows

Gold rose $3.00 to $1,440.30 Thursday morning while silver posted fresh 31-year highs at $37.86 per ounce.  Commodities continue to march higher with oil crossing the $106 per barrel level. After sliding to fresh 52-week lows at 75.25 early in the week, the U.S. Dollar Index (DXY) has managed to move marginally higher over the [...]