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May 18, 2010 / Hal (GT)

Tuesday’s news of note.


Greetings.

Straight to it. Here are two articles that give some insight into what happened to the precious metals yesterday.

JPMorgan et al Slam the Precious Metals Again

Hourly Action In Gold From Trader Dan

Take time to go read those two items.

This is also of interesting which is noted in the first link above by Ed Steer: Russia bought gold for reserves in conservative ’09

The report also showed the central bank bought 142.87 tonnes of gold, increasing its holdings of the metal by 30 percent during 2009.

This is a great read on the homeowner defaults: The fear of all sums.

Oh, here was an interesting gold related item: Germans lead gold rush frenzy

If you’ve got the time (I know, I know. what’s that) check out this video. I got through half before I had to get back to work. Hopefully I’ll find some time to get back to it:

Finally, I found this sad and rather scary to contemplate: The Other Foreclosure Menace.

Gold has had an interesting day so today. Got hammered pretty good in the morning. A quick glance reveals that the low looks to have been around $1,207 this morn. It’s still down but ExactPrice shows it currently trading at $1,224.00. Silver is up at $19.02.

Until next time.

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