Regarded as a safe investment, gold often shines during turbulent times when increased demand typically drives up prices. For the first time since last March, gold settled above $1,000 an ounce on Friday. Since its low back in November, when gold was just over $700 an ounce, the bullion has risen 42%. During the same period the S&P 500 has plunged 15%.
More ideas for protecting your profits during these unprecedented times!
Gold prices are up ~$83 per troy ounce, or 10.62% for the day. Here are the 10 biggest moves in gold since 1975.
Is Africa worth a look for the American investor? Tim Seymour of Seygem Asset Management and Terrence Gray of DWS Scudder answer emphatically in the affirmative.
You might think of Africa as a continent plagued with stagnant economic growth, poverty, war and disease – but one nation might be emerging as a gem!
Investors experienced gut-churning volatility through the very end of a tough week. What's the word on the Street?
This has been a good week, with the stimulus package on its way, a 75 bp cut in rates from the Fed, and some hope that bond insurers may be getting some help from insurance regulators. S&P 500 up 2 percent.
U.S. stocks ended the day flat but there was plenty of action as oil passed through par, gold hit a new high and Bed Bath & Beyond put up "beyond" bad numbers. All that and more in the "Word on the Street."
Traders are blinking in disbelief at the commodity complex, as the S&P Energy Index (a basket of all the major energy stocks) has hit an historic high and gold stocks have gone parabolic. Look at what gold stocks have done in just the past two days:
More than 2,000 trapped gold miners in South Africa were rescued in a dramatic all-night operation, and efforts gathered speed Thursday to bring hundreds more to the surface.
Anheuser Busch, Countrywide and more...Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.