Mark O`Byrne

Precious metals analyst

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Gold Investments Market Update

While gold fell marginally yesterday on the COMEX, it was up some 1% on the day overall with small gains in Asia and Europe. (Apr 15, 2009 9:18AM)

Gold Investments Market Update

Gold’s surge to nearly $900/oz was likely due to the US dollar index falling sharply yesterday when China revealed that it has been slowing its purchases of US assets. Reversing its role as the world’s fastest-growing buyer of United States Treasuries and other foreign bonds, the Chinese... (Apr 14, 2009 7:36AM)

Gold Investments Market Update - Silver Remains an Essential Diversification with Extremely Strong Fundamentals

Gold and silver rose marginally for a second day yesterday as bargain hunters and value buyers continued to accumulate. The dollar was up marginally as was oil and stock markets eked out marginal gains. (Apr 08, 2009 11:18PM)

Gold Investments Market Update

Gold rose 1.2% yesterday from oversold levels (silver +0.9%) despite stock markets falling, the dollar strengthening and oil falling for a second day. The rally has continued in Asian and early European trading as equities are again under pressure and gold is again receiving a safe haven bid. (Apr 08, 2009 7:00AM)

Gold Investments Market Update

Gold fell a further 2.7% yesterday (silver nearly 4.8%) as the animal spirits from the G20 communiqué and much vaunted IMF gold sales led to further selling and the shorts continued to press their advantage. Dollar strength and oil weakness also contributed to the sell off yesterday. (Apr 07, 2009 7:04AM)

Gold Investments Market Update

Gold fell 2.85% (silver -3.9%) last week as risk appetite returned due to the G20 communiqué. The selloff has continued in Asia this morning and gold fell to a low of $873/oz prior to rebounding somewhat. (Apr 06, 2009 6:50AM)

Gold Investments Market Update

Gold rose slightly yesterday as the dollar fell out the outset of the G20 Summit in London. In trading in London, gold is down some 1% this morning as risk appetite returns to markets with stocks surging internationally. (Apr 03, 2009 5:13AM)

Gold Investments Market Update

Gold rose 0.8% yesterday (silver -0.4%), as the dollar came under pressure ahead of the G20 gathering in London. It was the last day of the first quarter which saw gold rise 4.3% which is a second straight quarterly gain. In the quarter, gold was up some 10% in euro terms and some 6% in pound ter... (Apr 01, 2009 7:26AM)

Gold Investments Market Update

Gold fell yesterday (both gold and silver were down some 1%) in volatile trade which saw some very determined selling each time gold looked set to break out above $930/oz. There appears to be support at $890/oz to $910/oz and resistance between $930/oz and $960/oz. (Mar 31, 2009 6:49AM)

Gold Investments Market Update

Gold and silver succumbed to profit taking (gold down 3.2% and silver down 2.5%) last week as risk appetite returned to markets with the tentative recovery in equity markets continuing (Mar 30, 2009 7:36AM)

Gold Investments Market Update

Gold and silver rose ($939.80 up $4.40 - Silver $13.65 up 18 cents) yesterday on deepening concerns about the dollar and fears that its reserve currency status is threatened. (Mar 27, 2009 8:19AM)

Gold Investments Market Update

Gold and silver fell yesterday ($923.30 down $29.70; Silver $13.34 down 52 cents) on profit taking and renewed risk appetite which saw equities rally internationally (prior to a late sell off in the US) and the dollar rally after its recent sharp falls. (Mar 25, 2009 8:18AM)