Gold Prices: Rising, Bucking the Commodities Trend

[cronus]

https://agmetalminer.com/2016/08/16/gol ... ies-trend/

Gold Prices: Rising, Bucking the Commodities Trend

The commodities sector is suffering from lackluster prices, weak demand and, in many cases, overproduction but one sector is on the up, and that’s precious metals. Particularly gold and silver prices.

According to the Financial Times, gold and silver have been among the best performing metals during 2016, powering a sharp rally in stock prices and helping miners ease concerns over their finances.

Gold Prices Take Off

Since the start of the year, gold has risen 27% while silver is up 46% giving more scope to the sector to return to dividend payments.

Many miners cut dividends after the price of gold, which peaked at about $1,900 in 2011, started to fall sharply in 2013. Although gold miners were not alone, they did take action early.

Bulk miners like BHP Billiton and Rio Tinto Group kept large dividend payments flowing until just a year ago but gold miners saddled with debt taken on to fund capital investments were, in many cases, facing a shaky future as the gold price plummeted. However, mining firms have since reduced costs dramatically, shoring up their balance sheets and reducing debt.

(continued)

[laklak]

Gold always peaks just before a complete collapse of civilization. Wisdom of Clowns, or something.

[cronus]

Gold always peaks just before a complete collapse of civilization. Wisdom of Clowns, or something.

I think you mean before a war?

[laklak]

It can't be before a war because we've been in one since I was born. No, it's the complete collapse of Western civilization under the onslaught of Muslimic barbarian hordes. Mark my words.

And buy silver when it his $12 an ounce. You heard it here.

[JimC]

Damnit all, the school may not be able to afford to give me a gold watch when I retire!

[mistermack]

It's the Donald Trump effect.
Buy gold now, but sell before the election, if you think Hillary will win.

After Hillary wins, the price of gold will dive.

[cronus]

It's the Donald Trump effect.
Buy gold now, but sell before the election, if you think Hillary will win.

After Hillary wins, the price of gold will dive.

It'll take a dip but be back up in January when you wake up to a angry wronged woman in the oral office for the next few years.