A Short List of (Relatively) Safe Gold Stocks
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April 16, 2013 7:08 AM EDT
Following the plunge in gold on Monday, the CME Group (NYSE: CME) said it would raise collateral requirements for trading the precious metal, along with natural gas futures contracts.
Margins on 100-troy ounce gold futures will increase by 19 percent while nat gas will rise 5.6... More
April 15, 2013 2:54 PM EDT
Gold is having a tough day, dropping over $140 per ounce in New York. Reports have the move as the largest one-day drop in the precious metal since 1983 and the worst two-day drop... More
April 15, 2013 12:11 PM EDT
Noted gold (NYSE: GLD) bull Peter Schiff weighed in on gold following the $200 per once slide over the past two days. He said despite the recent disfavor, gold is real wealth and central banks realize this.
Gold in the Crosshairs
In the opening years of the last decade, most mainstream investors sat on the sidelines while "tin hat" goldbugs rode the bull market from below $300 to just over $1,000 per ounce. But following the 2008 financial crisis, when gold held up better than stocks during the decline and made new record... More
April 15, 2013 11:34 AM EDT
Last Friday Citi put out a very bearish note on commodities, saying the 'death bell' rings for the commodity supercycle. The report coincided with a technical breakdown in gold. Taken together with lingering concerns about tighter Fed monetary policy, the news sent gold prices below $1500 per ounce. That's where the story began.
This morning Citi followed up the note with a downgrade of copper name Freeport-McMoRan... More
April 12, 2013 10:39 AM EDT
(Updated - April 12, 2013 11:25 AM EDT)
(Updated - April 12, 2013 11:12 AM EDT)
Gold was pressured early on Friday after prices breached support at $1540 per ounce. The slide put gold stocks in the hot seat, with shares of Barrick Gold Corporation (NYSE: ABX),... More
