Mark O`Byrne

Precious metals analyst

Follow this author / Biography / Contact

Gold Investments Market Update - Take "Green Shoots" with a Pinch of Salt

Further consolidation was seen yesterday with gold and silver rising marginally again and both look set to have a second strong week of gains. (May 15, 2009 8:14AM)

Gold Investments Market Update

Gold and silver were essentially flat yesterday and consolidated on recent gains despite a slight dollar recovery and marked weakness in equity markets. Gold has fallen somewhat in Asian and early European trading but still looks good from a technical perspective. A close above $932/oz should see... (May 14, 2009 7:30AM)

Gold Investments Market Update - Uncle Sam to be Downgraded?

Gold and silver rose again yesterday (1.2% and 2.3% respectively) as the dollar continues to come under pressure. The dollar has fallen not due to an increase in risk appetite but rather an increase in risk aversion coming from the dawning realisation that the very credit worthiness of the US is ... (May 13, 2009 7:31AM)

Gold Investments Market Update - Silver Looks to Challenge Resistance Near $14.50/oz to $14.60/oz

Gold and silver took a breather from their gains of last week and consolidated yesterday with marginal losses for both metals. The dollar recovered somewhat from its sharp falls of last week as did long term US interest rates (10-Year: 3.180% -0.113) but US stock markets came under pressure. (May 12, 2009 6:46AM)

Gold Investments Market Update

Gold and silver prices rose last week (gold was up 3.1% and silver rose sharply by 11.6%) as the US dollar fell sharply and broke down technically and US bonds continue to sell off aggressively. (May 11, 2009 8:37AM)

Gold Investments Market Update - Gold Set to Complete a Very Strong Week

Gold rose for the fourth day yesterday and is up some 3.5% so far this week and set to complete a very strong week. As expected, under reported and leveraged silver has outperformed gold and surged more than 12% this week. A close above $14.60/oz, could see silver again challenge recent nominal high... (May 08, 2009 7:31AM)

Gold Investments Market Update

Gold and silver rose marginally yesterday as the dollar again fell. Gold initially surged to over $914/oz (from $901/oz) prior to determined selling capped the price and saw it fall again below the psychologically important $900/oz mark. Silver was again more resilient and rose 2.8% to $13.40/oz. Bo... (May 06, 2009 7:26AM)

Gold Investments Market Update - Gold and Silver Soar, Buffett Warns of Inflation

Gold and silver both fell some 3% last week despite increasingly bullish technicals and fundamentals. Risk appetite remains high as seen in equity markets onward advance in the face of falling earnings and latent risk. Yesterday gold and silver soared as US stock markets opened and eked out strong g... (May 05, 2009 8:16AM)

Gold Investments Market Update

Gold and silver rose yesterday (the first day in three) after the worse than expected US GDP report saw the dollar fall in value. Gold fell after the Federal Reserve released its optimistic note but recovered almost immediately. (Apr 30, 2009 7:24AM)

Gold Investments Market Update

Gold fell marginally for a second day yesterday as it continues to consolidate after last week’s 5% gain. Gold’s trading was erratic yesterday with unusually large sell orders leading to sharp falls in the price in seconds prior to mild rebounds. Such sharp and speedy declines are very u... (Apr 29, 2009 8:12AM)

Gold Investments Market Update

Gold fell modestly yesterday while silver rallied as markets digested the unpalatable news of a potential global swine flu pandemic. Gold has now given up some of last week’s large 5% gain (silver was up nearly 9%) after the very significant confirmation that the People’s Bank of China h... (Apr 28, 2009 7:12AM)

Gold Investments Market Update

Gold and silver fell yesterday (1% and nearly 4% respectively) as strength in the dollar and increasing risk appetite, as seen in rising equity indices, saw the precious metals come under pressure. (Apr 17, 2009 7:38AM)