Is the Rising Stock Market Bullish or Bearish News for Gold?

On Thursday, the S&P 500 closed at a new high and its intraday record of 1733.45 broke the all-time high set Sept. 19. Over 80 percent of stocks traded on the New York Stock Exchange rose.

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The Stock Market and the Dollar Sustain the Bullish Environment for Precious Metals

This week marked the Year of the Dragon in the Chinese calendar, and according to Chinese mythology, Dragon years bring powerful changes and optimism representing imperial power, prosperity and good luck.

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Dollar’s Influence on Gold

In our previous essays, we emphasized that the long- and short-term trends for gold are up. In today’s article, we will feature the current situation in the USD and Euro Indices and in the general stock market.

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Platinum’s Upside Potential

There are certain dogmas held sacrosanct by precious metals investors and one of them is that platinum is supposed to be more expensive than gold. That’s just the way it is. Quite a few eyebrows lifted and jaws dropped last fall when the yellow metals price overtook that of platinum.

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Gold Rebounds and Gains Momentum

Gold rallied this week hitting its highest in a month and breaking above its 200-day moving average. There were a myriad of reasons suggested in the financial press.

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Mining Stocks in for a Move Up

This may be the year that weaker member-states are booted from the euro. Will the continent fix its financial troubles or spiral out of control affecting not only the U.S. economy, but the global economy? The answer rests with Europe’s leaders.

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Silver Confirms the Bullish Outlook for Precious Metals

The new year started off with a bang with precious metals out-shining the competition. Is this a harbinger of things to come? We think so and we are not alone. Forecasts for gold for 2012 include a price per ounce of $2,200 by Morgan Stanley, $2,050 by UBS, and $2,000 by Barclays.

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Further Moves Lower in Gold Seem Unlikely

We are on the cusp of a new year, and this is the time that we take a look at those brave (or foolhardy) financial analysts who take out their crystal ball and predict where precious metal prices will go in 2012.

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Gold Might Have Already Hit Rock Bottom

The American economy has enjoyed … low-hanging fruit since at least the 17th century, whether it be free land, … immigrant labor, or powerful new technologies.

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Mixed Outlook for Gold as the Market Declines

Whatever glow there might have been from last week’s European summit turned to gloom as markets turned downwards Monday. Global investors drove down everything in sight, including gold which dropped nearly 3% to a seven-week low to trade under $1,660 an ounce.

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