Tag Archives: precious metals

Buying Physical Gold Demystified

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Precious Metals Brokerage Group International, LLC (PMBG) Announces the ABCs of Buying Gold Prior to 2013

Many Americans want to buy silver before 2013, but where to buy and how to go about it? Precious Metals Brokerage Group, International (PMBG) announces the “ABCs of Investing in Physical Gold” to assist interested first-time and/or newer potential investors.

Precious Metals Brokerage Group, International (PMBG) presents a simplified “ABC Guide to Investing in Gold” to assist American investors who want to buy gold but don’t know where to start or how to go about it. This overview is geared for the first-time and/or newer Gold investor.

A) Understand The Current Market: The fundamental case for increased gold prices remains strong. In late December 2011, gold dipped to a 12-month low, below $1,550/oz. Traders who responded to the barrage of ‘buy’ recommendations were quickly rewarded as the metal soared to test $1,800/oz. again by late February. Since then gold has oscillated in price based upon several macro-economic factors (such as the Eurozone Crisis, an election year and a third round of Quantitative Easing). This oscillating pattern and the temporary pullbacks that have occurred over the last year gives first time gold investors a chance in the remainder of 2012 to establish a position before the metal makes its next move higher. Currently hovering right around $1,700/oz., gold has many leading experts signaling a significant move up by the beginning of 2013, especially since it has already tested or hit the $1,800 mark three times in the last 13 months.

Read Full Press Release Here: http://www.prweb.com/releases/2012/12/prweb10206038.htm

 

 

How Gold Miners Can Leverage the Price of Gold

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Gazing into their crystal balls in recent days, Wall Street firms interpreted differing futures for gold next year. Morgan Stanley awarded gold the “best commodity for 2013” while Goldman Sachs called the end of the metal’s hot streak.

After seeing 11 consecutive years of positive performance from gold, one needs to be wary of research analysts’ price forecasts, as they have consistently underestimated the shifting dynamics driving the precious metal higher.

Take a look at analysts’ annual predictions of gold prices, which is “a telling picture,” CEO Nick Holland of Gold Fields told the crowd at a mining conference last summer. From 2006 through 2011, Bloomberg’s contributing analysts have forecasted that future gold prices would be lower. “The analysts who keep telling us the gold price is going down have been wrong seven years out of seven. That’s a remarkable track record!” says Holland.

t is worth keeping gold’s DNA of volatility in mind as the day-to-day price of gold naturally fluctuates, of course. This is the case for both gold and gold equities.

The upside to gold stocks is that investors historically have received a 2-to-1 leverage by owning gold equities instead of the commodity. U.S. Global’s Portfolio Manager Brian Hicks reminded The Gold Report readers of this fact during an extensive conversation that he and Portfolio Manager Ralph Aldis had with Brian Sylvester.

We believe that effective management can help miners gain more leverage over the metal for their shareholders. Picture the gold price as a pulley with gold company executives applying force on one side of a rope. The more disciplined and successful the management, the bigger the potential boost in gold equity returns.

Read more: How Gold Miners Can Leverage the Price of Gold

What Role (if any) will Having Elected an Incumbent Democrat Have on Short-Term Prices of Gold and Silver?

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PMBG Announces Expected Outcomes Coming out of the Gates of last Week’s Election 

Several IRA account holders are putting gold into their IRAs as a part of retirement asset diversification, which can even out the value of their portfolio even during a weak period in the stock market. Precious Metal Brokerage Group International (PMBG) presents their insight into how the recent election may or may not affect those who invest in Gold IRAs.

With the presidential election decided, the market responded ahead of, during and after Election Day itself. Gold is expected to continue its rise in 2013, reaching up to the $2,000 mark (conservatively) – or likely higher (per most analyst’s projections). On Oct. 23, Deutsche Bank analysts called for gold to exceed $2,200 an ounce next year. This came in light of the stimulus measures by central banks. (http://beforeitsnews.com/gold-and-precious-metals/2012/11/gold-silver-and-the-us-election-2455194.html)

See Full Press Release Here: http://www.prweb.com/releases/2012/11/prweb10112673.htm

 

 

What role (if any) will electing an incumbent Democrat or a 1st-term Republican have on short-term prices of Gold and Silver?

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PMBG announces expected outcomes coming out of the gates of next week’s election!

Several IRA account holders are putting gold into their IRAs as a part of fund diversification, which can even out the value of their portfolio even during a weak period in the stock market. Precious Metal Brokerage Group International (PMBG) presents their insight into how to invest in gold IRAs.

With the presidential election less than one week away, market watchers are estimating what kind of impact a Mitt Romney win would have on the markets, including gold prices. Gold is expected to continue its rise in 2013, reaching up to the $2,000 mark – or higher. On Oct. 23, Deutsche Bank analysts called for gold to exceed $2,200 an ounce next year. This came in light of the stimulus measures by central banks. (http://beforeitsnews.com/gold-and-precious-metals/2012/11/gold-silver-and-the-us-election-2455194.html)

Gold prices generally languish in a year leading up to a U.S. presidential election and silver prices tend to weaken as well. Bad economic news and geopolitical concerns spur investors to buy gold and silver. “For one thing, the incumbent tries to keep the public focused on any positive economic news, and that isn’t good for gold,” says Terry Hanlon, president of Dillon Gage Metals in Dallas, adding that “If the past is any guide, this may be a good time to invest in precious metal coins like U.S. gold and silver American Eagles or Canadian Maple Leafs, looking for them to rise in value after the November election.”

Reed Full Press Release Here: http://www.prweb.com/releases/2012/11/prweb10092674.htm

 

Gold Settles Below $1,680, US Jobs Data Short Circuit Rally

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Gold slid 2 percent in heavy trade on Friday, breaking below $1,690 an ounce for the first time in about two months as an encouraging U.S. nonfarm payrolls report lowered expectations for economic stimulus provided by global central banks.

Bullion hit a two-month low on Friday and is down almost 2 percent this week for its fourth consecutive weekly decline. The metal has now erased all its gains after the U.S. Federal Reserve announced its latest bond-buybacks to boost the job market in September.

Gold’s pullback brought its price near major technical support near its 100- and 200-day moving averages, after payrolls data showed U.S. employers added 171,000 jobs in October, a hopeful sign for a lackluster economy that has been a drag on President Barack Obama’s re-election chances.

“Better-than-expected numbers reduced the risk demand for gold, and a drop below $1,700 an ounce triggered sell-stops and momentum selling,” said James Steel, metals analyst at HSBC. “There are also long liquidation ahead of elections triggered by the job number,” Steel said.

Spot gold plunged nearly $37, or more than two percent, to trade near $1678.

U.S. gold futures  for December delivery shed more than $40 to settle at $1,675.20, settting a new eight-week low. On charts, Friday’s sharp pullback sent prices below a key Fibonacci retracement support and near its 100-day moving average, a level it has held since mid-August.

“Gold has weakened markedly after slicing below [key support] last week which was support and has now become resistance,” said Adam Sarhan, CEO of Sarhan Capital. Silver, which tends to be more volatile than gold, tumbled 3.5 percent to $31.09 an ounce.

Easing Expectations Trimmed

In the longer term, a positive reading on jobs and Friday’s strong U.S. factory orders data could weigh on gold if it trims expectations for monetary easing.

The U.S. authorities have explicitly tied the extent of monetary stimulus measures – news of which sent gold above $1,795 an ounce in October – to the health of the jobs market.

However, while the data was good, analysts say it is far from a level that would yet stoke fears of an imminent reversal of the Fed’s commitment to easing.

Despite Friday’s broad sell-off, platinum and palladium were both heading for their first weekly gains after three weeks of straight falls. Platinum  dropped more than one percent to about $1,542 and palladium slid nearly two percent to around $599.

 

Source: Gold Settles Below $1,680, US Jobs Data Short Circuit Rally