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- Gold Seeker Weekly Wrap-Up: Gold and Silver Gain Over 2% and 8% on the Week
Gold fell $10.20 to $865.80 and silver dropped $0.18 to $13.01 by late trade in Asia before both metals climbed higher in London and rose to as high as $911.70 and $13.632 by about 10AM EST in New York, but they then fell back off into the close and ended with gains of just 0.84% and 1.67%. - COT Silver Report - September 26, 2008
COT Silver Report - September 26, 2008 - Best outlook for silver since the days of the Hunt brothers
Not since the Hunt Brothers tried to corner the silver market in the late 1970s has there been more dramatic news for silver prices than last week’s confirmation from the Commodity Futures Trading Commission enforcement division is investigating the silver market. - Gold Seeker Closing Report: Gold and Silver Fall Over 1% While Bailout Nears Agreement
Gold rose $6.95 to $896.55 in Asia before it fell to $863.10 by late morning in New York and then rallied $13.10 from that low in the last couple of hours of trade, but it still ended with a loss of 1.57%. Silver held near unchanged in Asia and London before it briefly spiked over 3% higher to $13.775 a little after 10AM EST and then dropped to $13.03 in early afternoon trade, but it also rallied back higher into the close and ended with a loss of just 1.2%. - Precious Metals in the Physical Realm
It has been one of my strongest points to teach all investors how important gold and silver are under any financial climate. Some took positions early and others are now coming to the realization that having gold and silver is crucial for proper portfolio diversification. - Gold Seeker Closing Report: Gold and Silver Gain On Further Bailout Uncertainty
Gold fell $6.40 to $879.60 in Asia and rose nearly 2% to $901.75 in New York before it fell back off for most of the rest of trade, but it still ended with a gain of 0.45%. Silver fell just slightly to $13.045 and rose over 4% to $13.63 before it also fell back off into the close, but it still ended with a gain of 2.22%. - Gold Seeker Closing Report: Gold and Silver Fall About 2% Before Rallying After Hours
Gold and silver chopped around at modestly lower levels in Asia and London before they briefly rose to see slight gains at $903.60 and $13.53 in early New York trade, but they then fell back off into the close and made new session lows of $879.60 and $12.947 ahead of a late rally back higher that left them nearly 1% from those lows with losses of 1.78% and 2.32%. At the time of writing both metals have nearly erased those losses in after hours access trade. - Time Out or About Time?
The unprecedented financial crises have given way to extraordinary proposed solutions. Some leave me skeptical, such as the government throwing unimaginable sums of money at problems, including the new $700 billion mortgage purchase scheme. Other emergency solutions seem more straight-forward and reasonable, like the money market guarantee edict to stem a run in that important sector. - Gold Seeker Closing Report: Gold and Silver Gain About 5% and 8%
Gold and silver steadily rose throughout most of world trade and ended at about their highs of the session with impressive gains of 4.89% and 8.22%. Both metals have also continued to gain in after hours access trade as the supposedly necessary bailout plan highlights the advantages of having sound investments. - Silver Market Update
Although silver investors may be understandably disappointed at its rather muted rally last week compared to that in gold, we should keep in mind that silver makes its best gains towards the end of gold uptrends, not at the start of them, which is where we are now.
