Thursday, September 29th, 2016 MST

Monthly Archives: February 2008

Kitco precious metals prices changes notice

Kitco.com, which is renown among gold and silver investors for feeding to the Internet precious metals spot prices, recently posted this notice on its site: Metal price changes are now based on closing prices at 5:15 PM NY time Mon-Fri. The notice has caused some confusion on the part of many precious metals investors and

Analysis of proposed IMF gold sales

Resourceinvestor.com has posted an excellent report on the proposed gold sales by the IMF. Before anyone panics at the idea of the IMF selling gold, I would like to point out that in the 1970s both the IMF and the US Treasury sold gold while it marched to $850. Further, European central banks have been

SA power shortages pressure price of gold

Worldwide concern about the dollar is the primary reason gold has surged to new highs this year. However, the dollar is not the only factor driving the price of gold. A shortage of electric power in South Africa, the world’s largest producer of newly mined gold, is putting downward pressure on the supply. In South