Last week, China let its currency, the RMB, drop to the lowest value since 2008. The currency is now trading at just over 7 yuan to the U.S. dollar. This prompted the U.S. Treasury Department to quickly accuse China as a currency manipulator. NPR cautions that this event may lead to "an unusual kind of currency war, one in which the U.S. would intervene to counteract the … [Read more...]
silver
Gold to Silver Ratio Drops as Silver Gains in Value
One of the most reliable indicators to buy silver is looking at the gold to silver ratio over time. This means dividing the spot price of gold by the spot price of silver. The rule relies on the assumption that there is more or less a fixed amount of gold and silver on the planet. So their relative values against each other should be consistent and predictable over time based … [Read more...]
The Bullish Case for the Precious Metal Silver
Is Silver the most undervalued metal? Silver is a unique metal which belongs to the category of Precious Metal. Along with Gold, Silver has been used as money for thousands of years. It was the Roman Empire in 330 BCE who first used gold and silver in a widespread currency system. Under the Roman currency system, denarius is the name of a small silver coin and became the main … [Read more...]
Gold Stocks & Silver Nearing Relief Rally
The following post was originally published on TheDailyGold.comThe past few weeks have been rough for precious metals. Gold had climbed all the way to $1297/oz but the other parts of the sector (Silver and the gold stocks) failed to confirm the move. They have since fallen off a cliff. Over the past 14 days, GDX has lost 15% while GDXJ has declined 20%. Silver during that … [Read more...]
Mining Stocks Rally: Good News for Precious Metals?
In recent days, the Gold Index ($HUI) closed at its highest level in over a year. The surge is a sign that we may not be embarking on a new bull market for physical precious metals.In just a few months, miners such as Endeavor Silver Corporation ($EXK) and Barrick Gold Corporation ($ABX) have seen their share prices rise 30% and double, respectively.Usually, such a move … [Read more...]
