Monthly Archives: August 2011

Investors were expecting a lot from Fed Chairman Ben Bernanke last Friday and while he didn’t offer any new plans to help the U.S. economy in his speech, he did hint that some sort of stimulus may be announced down the … Continue reading →

There is no stopping gold this week! As highlighted by Kitco.com, fresh civil unrest in Libya has temporarily joined the European Union debt crisis as a major market factor in the propulsion of precious metals prices. “Rebels have taken control … Continue reading →

With gold currently trading at $1765.38/oz (11:09am PST 8/15/11), individuals continue to flock to the yellow metal as a safe haven investment in the wake of the U.S. credit downgrade and on warning from the World Bank chief that a ‘new … Continue reading →

It has happened GoldWatch readers. On August 5, S&P downgraded the U.S. credit rating to AA+ from AAA for the first time in history. The downgrade has caused heavy losses on Wall Street and gold to skyrocket above $1700 an ounce! According … Continue reading →

By Alan Silverleib and Tom Cohen, CNN August 2, 2011 1:38 p.m. EDT Washington (CNN) — The U.S. Senate passed a last-minute compromise plan to raise the nation’s $14.3 trillion debt ceiling Tuesday, sending the bill to President Barack Obama … Continue reading →