Jewelry purchases have historically made up the majority of annual gold demand. With record high gold prices and a worldwide economic slowdown, jewelry demand has plummeted by over 50% in some countries and 24% overall during the first quarter of 2009. Industrial demand has declined even more sharply during Q1, posting a 31% [...]
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The market has enjoyed an impressive rally, as the S&P 500 gained nearly 38% in under three months. But the rally is showing signs of strain as investors look to book profits ahead of the seasonally-slow Summer months. The average return for the Dow from the start of May to the end of [...] |
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All ideas, opinions, and/or forecasts, expressed or implied herein, are for informational purposes only and should not be construed as a recommendation to invest, trade, and/or speculate in the markets. Any investments, trades, and/or speculations made in light of the ideas, opinions, and/or forecasts, expressed or implied herein, are committed at your own risk, financial or otherwise. The information on this site has been prepared without regard to any particular investor’s investment objectives, financial situation, and needs. Accordingly, investors should not act on any information on this site without obtaining specific advice from their financial advisor. Past performance is no guarantee of future results. View full terms and conditions. |
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Peter Schiff on $1,000 Gold and Senate Bid
Peter Schiff was on Fox Business today and made the following points:
* Gold to break $1,000 soon and push much higher this time
* 50% or more of Peter Schiff’s liquid assets are in gold/gold stocks
* Most people should have 10-20%, more if you are young and aggressive
* Many gold stocks could go up 50 or [...]