Mark O`Byrne

Precious metals analyst

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Gold Investments Market Update

It was a historic week, with the Federal Reserve opting for the “nuclear option” of money creation on a trillion dollar scale. Gold and silver rose 2.7% and 4.5% respectively. The gains would have been much more but for an unusual and unexplained very sharp selloff in the precious met... (Mar 23, 2009 8:40AM)

Gold Investments Market Update

Gold surged 8% yesterday (as is the norm, the far smaller market that is silver surged by even more and was up by 13.3%) as the shock Federal Reserve announcement led to concerns regarding the dollar and the inflationary implications of massive money printing and debasement of the currency. (Mar 20, 2009 8:23AM)

Gold Investments Market Update

Gold fell in US trading hours yesterday for no apparent reason; but on the Fed announcement, gold surged by nearly 7% in afterhours access trade. Gold leapt from its session low of $884.10/oz to a high of $946.20/oz, a jump of nearly 7 per cent and silver also surged some 7%. Gold subsequently gave ... (Mar 19, 2009 7:34AM)

Gold Investments Market Update

Gold and silver rallied over 1% and 2% yesterday as stock markets barely made gains in the US. Asian stock markets were mixed but the Nikkei fell 2.5% and most European markets are showing weakness again this morning and gold remains firm. (Mar 12, 2009 9:27AM)

Gold Investments Market Update - Deflation Now But Onslaught of Inflation on the Horizon

Gold fell 2.2% yesterday (silver -3.1%) as increasing risk appetite saw stock markets in the US surge. A rally in stock markets was overdue but the sustainability of this latest rally is doubtful and equity markets in Asia were mixed and after a lower start, are tentatively higher in Europe. The fin... (Mar 11, 2009 7:45AM)

Gold Investments Market Update

After the bounce in recent days, gold sold off again yesterday and was down 2.77% (silver -3.2%). After the falls seen in the last two weeks a period of consolidation will be needed and gold may fall further prior to rising strongly above the psychological and technical level of $1,000/oz. (Mar 10, 2009 8:47AM)

Gold Investments Market Update

Gold’s recent downward trend may have ended last week after gold closed moderately higher for the week (gold +0.03% and silver +1.75%). The performance was impressive considering the continuing steep declines in stock markets (Nasdaq , DJIA, S&P down 6.1%, 6.17% and 7.03% respectively). (Mar 09, 2009 7:48AM)

Gold Investments Market Update

As expected gold bounced yesterday after its recent sharp falls. Gold’s lack of correlation with equities (gold has occasional very short term correlation with equities) was seen again as gold and silver were up some 2% while major US indices were down by some 4%. (Mar 06, 2009 5:36AM)

Gold Investments Market Update

Gold fell for the eighth straight session yesterday to have the longest losing streak since June 2006 (silver broke its losing streak). Gold is clearly oversold in the short term and due a bounce. The question is whether the bounce will lead to another challenge of resistance at $1,000/oz sooner tha... (Mar 05, 2009 6:36AM)

Gold Investments Market Update

Gold had become overbought in the short term and had risen over 24% in just over a month ($806/oz on January 14th to over $1,000/oz on February 20th ). Thus, this correction was necessary and healthy and even after this correction gold remains up 4% in USD (and much more in GBP +7.6% and EUR +15.6%)... (Mar 04, 2009 8:16AM)

Gold Investments Market Update

Asian stock markets followed their US counterparts in falling overnight and after an initial rally in Europe, indices are again under pressure (especially the FTSE which is down another 1.8%). (Mar 03, 2009 7:03AM)

Gold Investments Market Update - Oracle of Omaha Warns of "Onslaught of Inflation"

Gold rose sharply in Asia and was up by more than $10 per ounce before trading even commenced on the TOCOM – it rose from $941.60/oz to nearly $960/oz but has given up some of those gains in early trading in London and is now trading back at $950/oz. (Mar 02, 2009 7:36AM)