Smoke and Mirrors, It’s Fantasyland

The powers that be are circling the wagons in Europe, trying to figure out how to make every effort to convince people of two things, each of which is virtually impossible: 1) That the various disparate European powers actually CAN come to terms on a coherent, consistent financial stabilization plan where all countries are held…

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BIggest Single Day Point Drop In Seven Months Leaves Down Below 200 DMA

Gold has now outperformed equities for 2012, and though we’re only halfway through the year, there’s good reason to believe that precious metals will continue to hold or outperform stocks. Here are the reasons why: 1) Japan’s aging population and recently renovated-through-natural-disaster infrastructure is under-performing and will directly affect our ability to sell electronics and…

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When Buying Gold – What to Look For?

With the release of the latest Confidence Board’s depressing results –  the lowest since May of 1980, the opportunity for buying gold remain abundant. If you are not diversifying with precious metals, you’re missing your “Apple” moment. No doubt, two years ago thousands of investors looked at Apple (APPL) when it was $200 a share and said,…

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The Price of Gold Today

The price of gold today in Houston, TX is 1557.00 per ounce. Euro debt continues to drive investors to the USD as a safe haven and this has the effect of keeping gold prices restrained. At current prices, if you sell 14K gold scrap you can get as much as $24/gram…