NEW YORK (TheStreet ) — Gold prices were selling off Wednesday after Federal Reserve Chairman Ben Bernanke indicated that an additional round of quantitative easing was becoming increasingly unlikely.

Gold for April delivery was plunging .70 to ,724.70 an ounce at the Comex division of the New York Mercantile Exchange. The gold price traded as high as ,792.30 and as low as ,708.40 an ounce while the spot price was losing .50, according to Kitco’s gold index.

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Gold Prices Plummet as Bernanke Dashes Hopes of More Stimulus

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Corrections are the norm in any long term bull market and silver is no exception.  The correction that began in May of 2011 and ended in December has set the stage for what will be an explosive move up during 2012 and beyond. Since hitting the 2011 low of .16 on December 29, 2011, silver [...]
Gold and Silver Blog

The already weak economy of Iran faces additional pressure after the European Union banned all oil imports from Iran effective July 1.   The EU actions support a U.S. directed effort to embargo Iranian oil and sanction the Iranian banking system, effectively freezing Iran out of the international financial system. The moves by the United State [...]
Gold and Silver Blog

Will gold soar this year as central banks go wild with money printing?  Or will gold collapse as debt defaults overwhelm the system and propel the world economy into a deflationary black hole? Members of this week’s Barron’s Roundtable were asked what they thought about gold.  Panel members offered their usual variety of informed opinions [...]
Gold and Silver Blog

Gold futures decline, extending their slide after recent advances, as the U.S. dollar strengthens against the backdrop of worries over European debt troubles.

Metals Stocks: Gold prices slip further on rising U.S. dollar

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Sales of American Silver Eagle bullion coins hit an all time record high during 2011 according to production figures from the U.S. Mint. Sales of the Silver Eagle bullion coins increased by 13.3% in December to 2,009,000 compared to last year’s sales of 1,772,000.  For all of 2011, total Silver Eagle sales came in at [...]
Gold and Silver Blog

NEW YORK (TheStreet ) — Gold prices fell on Tuesday as the metal traded at low volumes and as consumer confidence reached an eight-month high.

Gold for February delivery settled down .50 at ,595.50 an ounce at the Comex division of the New York Mercantile Exchange. The gold price traded as high as ,609.20 and as low as ,609.20 an ounce while the spot price was down .40, according to Kitco’s gold index.

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Gold Prices Drop as Indian Imports Slip

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NEW YORK (TheStreet ) — Gold prices wavered Monday on a mix of technical trading, fear buying and bargain hunting.

Gold for February delivery closed down .20 at ,596.70 an ounce at the Comex division of the New York Mercantile Exchange. The gold price has traded as high as ,611.50 and as low as ,585.50 an ounce while the spot price was down , according to Kitco’s gold index.

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Gold Prices Fail to Retake ,600

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NEW YORK (TheStreet ) — Gold prices bounced Wednesday as the U.S. dollar tanked on news that 6 central banks, including the Federal Reserve, would lend more dollars at cheaper prices.

Gold for February delivery added .40 to close at ,750.30 an ounce at the Comex division of the New York Mercantile Exchange. The gold price has traded as high as ,754.70 and as low as ,704.30 an ounce while the spot price was up , according to Kitco’s gold index.

Gold Prices Soar as Central Bank Actions Pummel U.S. Dollar

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By Robert Sullivan – Exclusive to Rare Earth Investing News

Rare earth miners will be eager to see out the last few days of the month after enduring a miserable November, with stocks in nearly all the top names in the sector taking a beating in the markets over the last three weeks.

Molycorp Inc. (NYSE:MCP) was down almost 30 percent for the month as of Friday, a substantial loss for the biggest rare earths producer outside of China. Tasman Metals Ltd. (TSXV:TSM) has also seen its value drop by over a quarter(27.63 percent) since the beginning of the month, while Avalon Rare Metals Inc. (TSX:AVL) was down 18.67 percent over the same timeframe….

November Market Recap – Rare Earth Company Stock Prices Fall

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