Author Archive

Bitcoin: More than a passing fad

Briefly: we support long speculative positions in the Bitcoin market, stop-loss at $440, take-profit at $620. The Chamber of Digital Commerce (CDC), an initiative to promote digital currencies, has moved to form a political action committee to

The next hot sector

Monday a popular topic with various analysts, newsletter writers and traders was gold Miners. It seems that a lot of market participants are paying attention to this asset right now, so I thought I would take a

Crude rally to come?

Trading position (short-term; our opinion): In our opinion no positions are justified from the risk/reward perspective. On Friday, crude oil gained 1.82% as news of escalating tensions in Ukraine outweighed mixed U.S. economic data. Because of these

First Daily Silver Price Set After 117-Year-Old London Fix Ends

The LBMA Silver Price, set through an electronic, auction- based mechanism, settled after four rounds of negotiations at $19.86 an ounce shortly after noon today, exactly where it ended at yesterday’s final fixing. HSBC Holdings Plc, Bank

Gold and Silver Miners that Can Make Money Now

As much as we’d all like significantly higher silver and gold prices, Chris Thompson of Raymond James doesn’t expect them. The good news, he argues, is that the relative stability now characterizing the market permits investors to

Energy Report: Looking for the next big thing?

For Jason Sawatzky, the word is “oilfield services.” They are not glamorous, but they are necessary, and Canada’s explorers and producers need oilfield services as they prepare to fill pipelines with natural gas to be liquefied and

Jewelry makes a comeback?

The Gem and Jewellery Export Promotion Council (GJEPC) has signed an agreement with global consultancy major-Accenture in a bid to revitalize the sinking jewellery exports through the country’s six Special Economic Zones (SEZs). The firm is being

CFTC charges Florida metals dealer with illegal scheme

CFTC Charges Florida-Based Southern Trust Metals, Inc. and Robert Escobio, and His BVI-Based Entity Loreley Overseas Corp., with Operating an Illegal Precious Metals Scheme, among other Violations Defendants Solicited over $3.5 Million from Customers in the Precious

India amends gold tax laws

The Finance Ministry in India has proposed wide-ranging amendments to tax laws for gold ETFs and gold funds that fall under the non-equity mutual funds. As per the new law, gold ETFs and gold funds will be

Gold gains to come?

Today’s AM fix was USD 1,305.00, EUR 971.20 and GBP 768.55 per ounce. Friday’s AM fix was USD 1,292.50, EUR 961.18 and GBP 761.64 per ounce. Gold climbed $15.00 or 1.16% Friday to $1,307.40/oz and silver shot