Buying the dip was a profitable strategy for stock investors last year. Could it be the same for precious metals buyers this year?
Wild swings that swept through financial markets overnight eased after Wall Street opened for trading on Monday. U.S. stocks rose modestly following gains in Europe and sharp drops in Asia, while gold and silver prices rallied back from severe earlier losses.
Pinnacle Silver and Gold Corp (TSX-V:PINN) has closed the second and final tranche of its non-brokered private placement, raising C$1.53 million and bringing the total proceeds from the offering to C$2.6 million. Under the offering, the company issued 10.9 million units at C$0.14 per unit.
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.
Gold's plunge last Friday is not the end of its struggles. That's because, even in the wake of Friday's plunge, gold investors are still exuberant.
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.
Some major banks say the longer-term investment case remains intact amid expectations for exceptionally strong demand from investors and central banks.
The tumble in gold that saw the yellow metal drop over $1,000 an ounce in just two days hasn't deterred Wall Street from recommending the metal.
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.