This was also a shortened week due to Easter Monday, not in the US but in the UK. This week, the prices of the metals were sagging until Thursday morning. Then I believe it was rumors of war in Ukraine sent the prices shooting up. Was this fundamentals suddenly shifting? Read on… First, here is […]
We have data only for Mon-Thu, as this was a shortened week due to Good Friday. On Monday, the price of gold bumped up $9 but there was no move in the silver price. On Tuesday, the prices of both metals dropped. The gold price ended the week down $24 from last Friday. The dollar […]
On Wednesday, the Federal Open Market Committee released the minutes of their last meeting. This news helped make a good week for gold speculators. An ounce of gold now exchanges for 16 bucks more than it did at the close last Friday. That’s about 1.5% more of our favorite green paper, for those who count […]
Are you supposed to buy gold when a bad jobs report is released? On Friday, someone did. Jobs creation fell short of 200K and unemployment ticked up. Silver was bought even more than gold. Someone either bought metal on the disappointing news, or speculated that others will be buying it. Hoarders or speculators? Read on… […]
