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Commentaries Archives

Mark O`Byrne

Precious metals analyst

Gold Investments Market Update - U.S. Bankruptcy To Become A Foregone Conclusion?

Gold finished trading in New York yesterday at $948.20, down $15.20 and silver was down 44 cents to 17.93. Gold continued to fall in Asia and in early European trading it is down by nearly 1.3%. Gold was due a correction after its recent surge in price and remains up some 6% in the last month (fro... (Jul 23, 2008 8:02AM)

Gold Investments Market Update - Gold Analysts Revise Up Gold Price Forecasts

Gold finished trading in New York yesterday at $963.40, up $7.00 and silver was up 25 cents to $18.37. Gold traded sideways to slightly up in Asia before rising in early European trading by nearly 1%. Gold remained firm and the dollar was under steady selling pressure for much of the day yesterday ... (Jul 22, 2008 7:10AM)

Gold Investments Market Update - Deflationary Recession/Depression Versus Inflationary Recession/Depression?

Gold finished trading in New York on Friday at $956.40, down $12.70 and silver fell 53 cents to 18.12. Gold traded sideways to slightly up in Asia before rising in early European trading by nearly 1%. Despite the very sharp fall in oil prices and other commodities last week, gold only fell by 0.2%.... (Jul 21, 2008 9:58AM)

Gold Investments Market Update - U.S. Government To Intervene in Markets to Prevent Run on the Dollar

Gold finished trading in New York yesterday at $961.10, down $16.00 and silver was down to $18.72, down 20 cents. Gold rose in Asia before and in early European trading it is up nearly 0.5%. While risk appetite has increased with equity markets having a renewed bout of misplaced exuberance, this is lik... (Jul 17, 2008 10:17AM)

Gold Investments Market Update - Alan Greenspan: "Gold still represents the ultimate form of payment in the world

Gold finished trading in New York yesterday at $977.10, up $5.00 and silver was down to $18.92, down 27 cents. Gold fell in Asia before rising in early European trading. Gold rallied strongly in early trading yesterday on higher oil, a lower dollar and increasing macroeconomic and systemic risk prior t... (Jul 16, 2008 9:07AM)

Gold Investments Market Update - Trillion Dollar Bailouts Will Likely Cripple U.S. Budget and Imperil the Dollar

Gold finished trading in New York on Friday at $959.10, up $18.90 and silver was up to $18.72, up 48 cents. Gold rose in trading in Asia before selling off in early European trading on profit taking due to falling oil prices and a rising dollar this morning. (Jul 14, 2008 8:54AM)

Gold Investments Market Update - Fannie, Freddie 'Insolvent' and Lehman Brothers May be Next Bear Stearns

Gold finished trading in New York yesterday at $940.20, up $13.90 and silver was up to $18.24, up 17 cents. Gold rose again in the New York Globex electronic market before trading sideways in trading in Asia and it has risen sharply again in early European trading to above $950 per ounce. (Jul 11, 2008 6:51AM)

Gold Investments Market Update - S&P 500 Real Return in 10 Years is Less Than Zero

Gold finished trading in New York yesterday at $926.30, up $5.40 and silver was up to $18.07, up 23 cents. Gold rose again in the New York Globex electronic market and in early trading in Asia and has remained firm in early European trading. With geopolitical risk remaining high and financial risk eleva... (Jul 10, 2008 9:42AM)

Gold Investments Market Update - Gold to Rise to £1,800 (GBP) Per Ounce

Gold finished trading in New York yesterday at $920.90, down $5 and silver fell to $17.84, down 1 cents. Gold again traded down in the New York Globex electronic market and in early trading in Asia prior to rallying in late trading in Asia and and early European trading back above its opening price in New... (Jul 09, 2008 7:55AM)

Gold Investments Market Update - Real and Genuine Concerns of Another Bear Stearns and Growing Systemic Risk

Gold finished trading in New York yesterday at $925.90, down $6 and silver fell to $17.85, down 43 cents. Gold then sold off somewhat in the New York Globex electronic market before rising again in Asian and early European trading to over $930 per ounce. A lessening likelihood of a military confronta... (Jul 08, 2008 9:10AM)

Gold Investments Market Update

Gold finished last week at $932.50 and was up $7.35 for the week. It has subsequently fallen in Asian and early European trading to below $921 per ounce. While the dollar is marginally higher, oil has fallen quite sharply and this has seen profit taking by gold traders. Traders appear to have had... (Jul 07, 2008 9:32AM)

Gold Investments Market Update - US Jobs Report Less than Expected; Based on BLS Statistical Assumptions

Gold was down $12.90 to $931.90 in New York yesterday and silver closed at $18.28, down 5 cents. Gold remained at these levels in Asia but has fallen near to yesterday’s lows in early trading in Europe. Oil has fallen marginally and the dollar is flat after yesterday’s strong gains. Yesterday gold ... (Jul 04, 2008 8:25AM)

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