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Archive for: February 8th, 2012

Gold, Silver Shares Mixed, Precious Metals Retreat

Precious Metals Decline

Gold and silver shares were largely mixed Wednesday afternoon despite a sell-off in precious metals. The Philadelphia Gold & Silver Index (XAU) traded fractionally lower at 199.04, after climbing as much as 1.4% to 202.13 this morning.  Notable advancers included AngloGold Ashanti (AU) and Harmony Gold (HMY), which rose 0.4% and 0.8%, respectively.  On the [...]

Feb 8 2012 | Read More »

The “State Gold Rush” Gaining Steam in the U.S.

Precious Metals Forecast

In 2011, Utah became the first state in the U.S. to introduce gold and silver as an alternative currency to the U.S. dollar.  This year, 13 additional states have begun to follow in Utah’s footsteps by seeking legislative approval to issue an alternative currency or at least have their state governments consider it as an [...]

Feb 8 2012 | Read More »

Gold Prices Hover, Negotiations in Greece Continue

Precious Metals Commentary

GOLD PRICE NEWS – The gold price traded near unchanged Wednesday, changing hands at $1,744 per ounce as investors and traders awaited news out of Greece.  Greek Prime Minister Lucas Papademos is attempting to convince his fellow politicians to pass a series of austerity measures in order to secure a second aid package and prevent [...]

Feb 8 2012 | Read More »
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