Archive for December, 2013

The precious metals had yet another tough week as positive economic news out of the U.S. combined with the U.S. Fed tapering $10 billion from its $85 billion QE program to push gold and silver towards lows of the year. While this has been a tough year for precious metals enthusiasts, investors must remember that precious metals are an investment, not a trade, and that the long-term fundamentals for precious metals and commodities ...

It was a seesaw week for the precious metals. Gold finished the week off on a positive note closing up $9.70 to settle at $1,234. Next week will be another volatile one as the Federal Reserve interest rate and tapering decisions will be on the forefront of traders’ screens. Platinum and palladium exhibited relative weakness this week; however, palladium is the only precious metal that is close to positive on the year.

Gold support ...

It was a volatile week that ended on a negative note for the precious metals and finished the week down 1.7%. US Nonfarm Payroll data came in slightly higher than expected, which put further downside pressure on the metals; they did find support around Wednesday’s low. Trading volume will likely begin to slow down coming into the holiday season, which actually creates more volatility in the markets because there are less participants ...