Precious Metals Soar, Gold gains 9%
Gold gained 9%, while silver jumped an astounding 15% in a single day - these are the largest single day gains in literally decades. Gold closed at a solid $862.90, while silver skipped $11 to close at $12.06. That’s up a buck sixty one in one trading day. Take a look at the numbers:
Gold: $862.90 [...]
Platinum Plummets Perilously
Tongue twisters aside, I’ve never been happier to *not* be a platinum owner. The white metal called PT lost an astounding $125 in value today, to close at $1039. It’s getting dangerously close to becoming a three-digit metal. The not so distant days of $2200-$2300 Platinum seem awfully far away indeed.
To round things up, gold [...]
Gold, Silver, Platinum turn upward
Can we mark September 11, 2008 as the bottom for the big downturn in precious metals? It’s too soon to say that, but today all four of the precious metals closed higher today.
Gold: $763.50
Silver: $10.83
Platinum: $1190
Palladium: $243
Gold gained $16 for the day - it’s first up day in awhile. Silver managed to eak out a [...]
Small drops for metals today
At the closing bell, 3 out of the four metals took another drive, though less pronounced than they have lately. Here’s the final numbers for today:
Gold: $744.90
Silver: $10.57
Platinum: $1131
Palladium: $225
Only Palladium managed to come through the day unscathed. Gold did close under $750 for the first time in, well, a long time. Platinum [...]
Another day, another dump
The bad news isn’t over yet - possibly far from it. The closing numbers today are absolutely stunning, and not in that "OMG I CAN’T BELIEVE THEY’RE SO HIGH" kind of way. Take a look for yourself:
Gold: $751
Silver: $10.65
Platinum: $1161
Palladium: $225
Wow, just wow. Silver is back in the $10’s - will it fall [...]
The metals get punished
All across the board, precious metals took a beating today. Here are the final numbers:
Gold: $777
Silver: $11.26
Platinum: $1216
Palladium: $230
Quite the opposite of when I was expecting. At this point one has to ask - how low can they go? It isn’t too far-fetched to say we’ll see gold dip into the low 700 range this [...]
A bloodbath in the metals market
Just a quick mid-day update. Gold and Silver are in a freefall yet again. As I write this, silver is sitting at $11.74, down 32 cents. Gold is at $780.10 - down $21.40. Wow. The US Government takes over Fannie Mae and Freddie mac, so precious metals take a nosedive. How’s that for economic theory?
Who [...]
Platinum Shines Today
Gold sank below $800 to close at $796 for the day. Silver dropped a couple cents, while Palladium stayed flat. Of the "big four", only Platinum managed a gain - it closed at $1387. It’s trying to get back over that $1400 hump, but struggling to do so.
I’m going to call a different story tomorrow. [...]
Gold Rises slightly, other metals drop
Gold finished up the day at $802, slightly up from yesterday. Silver dropped under $13, Platinum finished at $1335, and Palladium at $281. It hasn’t been a good couple weeks for the metals in general, but the white metals in particular.
Though we may see some more downside in the near future, Silver is a screaming [...]
Precious Metals in a funk
Gold, Silver, Platinum, and Palladium have had a tough time as of late. Gold is doing it’s best to hold above $800, Silver struggling to keep above $13. Platinum is hovering right around the $1400 range, and Palladium can’t seem to get back above $300. Each of the “big four” precious metals has seen a [...]
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