Gold has benefited this year from investor safe-haven buying during numerous periods of economic and geopolitical uncertainty. In the past few months, however, gold has seen periods of heavy selling despite a lack of resolution of the debt and employment problems plaguing Europe and the U.S. Gold has declined about 13 percent since touching a [...]
Our Senior Market Strategist Phil Streible appeared on CNBC this morning and shared his insights on gold. He said he believes gold is likely headed to $2,000 an ounce, but may not come as fast as some bugs are predicting. He also discussed Venezuela’s gold mining nationalization plan and its impact on the market. In [...]
Right at the final August 2 default deadline, Congress passed legislation to increase the $14.3 billion U.S. debt ceiling and called for spending cuts of $2.1 trillion over a decade. After the news of the Senate vote about mid-day, stock indexes and energy began to sell off, but gold held strong gains. The August COMEX [...]
Our Senior Market Strategist Phil Streible said he thinks the political uncertainty in the U.S. and abroad should help gold break out to t he upside in the second half of 2011. View his interview with theStreet tv and find out why he’s bullish gold and silver. Futures trading involves substantial risk of loss and [...]
Gold shot up after the weaker-than expected U.S. May employment report, with August COMEX futures up $9.70 to $1,542.40 an ounce. Lind-Waldock Senior Market Strategist Phil Streible said he thinks gold is headed to $1,550, and shares his outlook in this interview with TheStreet tv.
Gold and silver continue to charge higher at the start of the trading week, with June gold futures settling at $1509.10 an ounce .after setting a new all-time high during the session of $1,519.20. Silver up 2.4 percent to $47.19 an ounce, and traded as high as $49.82 intraday. Our Senior Market Strategist Phil Streible [...]
Our Senior Strategist Phil Streible gives his insights on gold and silver in this interview with The Street tv. He says gold and silver may be overbought short-term, but still look bullish long-term.
by Brian Booth Japan’s economy was not doing all that hot before the catastrophic events of the past few weeks. We are still trying to figure out where to go from here in terms of the markets, Japan, and the global economy at large. Japanese investors were selling off assets in the aftermath of the [...]
It’s been a volatile ride in the markets early this week as the disaster continues to unfold in Japan. Nearly all commodities have taken a hit in trading Tuesday. April gold futures dropped more than $30 an ounce on Tuesday, March 15 to settle at $1,392.80 after hitting a new record high on March 7 [...]
Gold is struggling this morning despite the unrest in Egypt, which would seem to support a safe-haven bid. In an interview with thestreet.com, Lind-Waldock Senior Market Strategist Phil Streible discusses what’s influencing gold right now and what might drive prices back toward new highs.
