Gold, platinum and palladium continue to edge higher. A weaker dollar is helping to boost prices.
Geopolitical tensions are helping push gold up. And supply concerns over platinum and palladium continue to drive prices higher.
Let's take a closer look at what's going on…
The prices of precious metals continue to rise
Precious metals look likely to complete a “sixth consecutive week... ››› more
Nearly two weeks ago, the five-month long strike affecting the world's top three platinum producers came to an end. While you might have expected the platinum price to drop, it rose on the news. And this looks like just the beginning for a rise in the platinum price. Read on to find out why and how you can profit from the move…
The squeeze is on the supply of platinum
The end of the strike d... ››› more
Over the last few weeks, tensions have been mounting in Iraq. An outright civil war is underway. The insurgence led to the oil price hitting highs not seen for nearly ten months. So is there any way to play this surge in the oil price? Let's take a closer look…
The oil price responded higher on developments in Iraq
Since events in Iraq started to snowball so has the oil price. With Iraq as o... ››› more
General Motors has earmarked $2.5 billion to research this technology.
Honda is spending $215 million on this technology and the US government is actually giving tax benefits and research grants to those furthering research in this field…
What am I talking about?
Well, it's hydrogen fuel cells. And, not only could the change the world of transport as we know it but they could spell the ... ››› more
A recent case of a trader at Barclays manipulating the price of gold through the gold price fix highlights the issues in the gold market. With Barclays being guilty of this, it shows there is a high probability that it isn't the only bank of the four in the gold price fix group that's guilty of this. Let's take a closer look at the evidence and what you can do to buy gold when the banks haven't ma... ››› more
Investing great Warren Buffett is a massive fan of renewable energy like solar and wind.
Bloomberg says he's already invested $15 billion in the sector. And it looks like he's set to invest the same again.
So should you invest in renewable energy? Is it really the future?
Let's take a closer look…
Renewable energy looks like the way forward
The renewable energy sector is certainly... ››› more
Back at the end of June in 2012, David Plunkett, a trader and director on Barclays' precious metals desk, realised that he was in trouble. The expiry date was coming up for a customer's long trade. And if the gold price closed above a certain level, the bank would have to pay out $3.9 million to the customer. So Plunkett decided to manipulate the price of gold to save the loss. Let's take a closer... ››› more
There continues to be a growing focus on renewable and clean energy. If someone asked you what the quickest growing energy source is at the moment, you'd be mistaken to answer solar or wind. The fact is, it's coal. Yes, it isn't a clean energy source, but it's one of the cheapest. And this has led to an explosion in its use. Let's take a closer look at what's going on…
Boom times look afoot f... ››› more
At the Federal Reserve Bank in New York, the fifth subfloor hosts the largest gold vault in the world.
The vault is 25 metres below the street, and is made of steel and concrete. Protecting its entrance is a 90 ton steel cylinder. There are very few with security clearance that can enter.
But is there something afoot at the world's largest gold vault? Are the contents not exactly what ever... ››› more
When it comes to the gold price, India calls the shots.
You see, the world's second largest population demands the metal more than most countries.
Just take a look at how much gold they've hoarded...
India owns about 34,170 tons of gold and the estimated gold mined throughout all of history is just 167,550 tons.
In other words, India owns 20% of all the gold ever produced.
And its a... ››› more
At the end of May, Barclays received a fine for $43.8 million by a British financial regulator. This was down to its part in a gold price fix incident in 2012. This incident brought to light the issues with the way gold pricing works. Let's take a closer look at what went on and what it means for the gold price…
The way the gold price fix works was itself fixed
The incident at Barclays was d... ››› more
The way things are shaping up, uranium is poised to jump in value over the coming five years. It all comes down to the production costs associated with uranium. Commodities go through booms and busts all the time. When prices are low, more people start to use the commodity. This causes a boom to begin and increases supply. This leads to a price rise, which eventually results in a bust. And it look... ››› more
China is daft about gold. It's widely regarded as THE symbol of wealth in the country. People traditionally give gold on the birth of a baby, on birthdays, at Chinese New Year and at weddings. To give you an idea of the popularity of gold in China, the state broadcaster even shows adverts to encourage its people to invest in gold between TV programmes! So why should you care about this? And what d... ››› more
Following the Association of Mineworkers and Construction Union (AMCU) and the platinum producers signing new wage deals yesterday, workers are streaming back to the mines today. But it will be at least a week before any type of production resumes. Let's take a closer look at what's going on…
The longest strike in South African history is over
This morning saw thousands of workers going back... ››› more
In January, the Association of Mineworkers and Construction Union (AMCU) attempted to down tools at three gold producers as it began strike action in the platinum sector. The affected gold producers took the AMCU to court over the matter. They obtained an interdict preventing the AMCU from striking. Today, the Labour Court made the order permanent. Let's take a closer look at what's going on…
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