How Stocks Rally Without Bulls’ Help

By Rick Ackerman, GoldSeek Yesterday’s failed rally demonstrated once again that short-covering remains the only force capable of pushing stocks higher on a given day. It also showed that there are no longer enough nervous bears around to drive the market into a sustainable uptrend.  In this latest show of false strength, the Dow Industrials [...]

Gold, Silver and US Stocks Rally

Gold and other precious metals spiked Thursday, as did crude oil and US stocks following a report by the Commerce Department saying the economy expanded at a 3.5 percent annualized pace in the third quarter. Gold’s rise broke a losing streak that had extended to five days. The Dow and S&P enjoyed their best one-day [...]

Gold, Commodities Decline; Stocks Rally

Gold declined nearly $6 Thursday, breaking away from a four-day winning streak as the US dollar gained ground. Silver and platinum also fell, as did crude oil which retreated from a one-year high. US stocks rallied on positive news from several corporate earnings reports. New York precious metals figures follow: Silver for December delivery fell [...]

Gold, Silver Rise; Stocks Rally to 1-Year Highs

Precious metals advanced Tuesday with gold rising for the first time in four days following a weakened US dollar. Crude-oil benefited from the dollar’s retreat, also rising for the first day in four. US stocks rallied to close at 1-year highs. New York precious metals figures follow: Silver for December delivery rose 23.5 cents, or [...]

Stocks Rally While Big Companies Fail

Hate thy neighbor? Giveth his children money; that will fix them all. Few things are as costly as free money. When the Spanish Galleons came back from the New World with cargoes of gold and silver coins, the Spaniards thought they’d hit the jackpot. All of a sudden, Iberia had plenty of money. Historians report [...]