In midday trading Thursday, Silver shares were relative laggards, down on the day by about 7.6%. Helping drag down the group were shares of First Majestic J
Jan. 25 (Bloomberg) -- Jonathan Barratt, the Sydney-based managing director with Commodity Broking Services Pty, talks with Bloomberg's Bernard Lo about the outlook for gold and platinum prices. Even after a record 57 percent rally last year, platinum is cheap relative to gold, signaling more gains as demand grows from carmakers and exchange-traded funds. (Source: Bloomberg)
NEW YORK (TheStreet) -- Nicholas Brooks, head of research and investment strategy for ETF Securities, says investors are spooked by China credit tightening worries and Greece debt fears. Brooks thinks uncertainty is overblown but the gold prices will stay in a tight range.
NEW YORK (TheStreet) -- Jon Nadler, senior analyst at Kitco.com, argues that investment demand for gold is waning as traders shift to platinum and palladium for more speculative upside.
Jan. 12 Robert McEwen, chairman and chief executive officer of U.S. Gold Corp., talks with Bloomberg's Erik Schatzker and Deirdre Bolton about the outlook for gold prices. McEwen expects gold prices to increase to $5,000 an ounce between 2012 and 2014 as rising U.S. government debt depreciates the value of the dollar.
In midday trading Wednesday, Silver shares were relative laggards, down on the day by about 5%. Helping drag down the group were shares of Mines Management (MGN), down about 9.8% and shares of Silver Standard Resources (SSRI) down about 9.1% on the day.
For most of 2009, shorting the dollar and going long gold was a one-way bet to increased wealth. But gold stumbled more than 10% in December as the Dollar Index mounted a rally, leading some to determine a reversal of trend had arrived.
Investors should buy platinum instead of gold even though it has outperformed the precious metal in recent months, Nicole Elliott from Mizuho Corporate Bank told CNBC Tuesday. Elliott also took a technical look at Euribor future June 2010 contract.
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