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Commentaries Archives

Mark O`Byrne

Precious metals analyst

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)

Gold Investments Market Update - ECB Increases Rates as Trichet Warns of 'Exploding' Inflation

Gold rose to $944.80 in New York yesterday and was up $2.00; silver closed at $18.33, up 13 cents.  Gold has remained firm near 10 week highs on the surging oil price which reached a new record high today . The dollar is flat today after its decline in value in recent days. Against the euro, the doll... (Jul 03, 2008 10:18AM)

Gold Investments Market Update - Geopolitical Risk From U.S. and Israel Militarily Confronting Iran is Real

Gold surged to $942.80 in New York yesterday and was up $16.30 and silver closed at $18.20, up 78 cents. Gold has succumbed to profit taking with the dollar flat and oil prices down marginally ($141.30 per barrel ). However, geopolitical risk remains ever present and this should result in gold remai... (Jul 02, 2008 8:07AM)

Gold Investments Market Update

Gold surged to $928.50 in New York on Friday and was up $16.20; silver closed at $17.62, up 50 cents. While the dollar has strengthened somewhat, oil has again rallied sharply to new record highs (up 2.4% to over $143.60 per barrel ) and this should result in gold remaining well bid at these levels... (Jun 30, 2008 8:56AM)

Gold Investments Market Update - Gold has Largest One Day Up Move Since 1985

Gold surged to $912.30 in New York yesterday and was up $32.70; silver closed at $17.12, up 64 cents. Gold surged in what was the largest one day move since 1985 as the dollar weakened, oil prices surged to new record highs and stock markets fell sharply. While gold was up some 3%, most U.S. stock indi... (Jun 27, 2008 9:21AM)

Gold Investments Market Update - Money Supply Surge to Lead to Inflationary Depression in U.S.?

Gold closed at $879.60 in New York yesterday and was down $9.20; silver closed at $16.48, down 13 cents. Gold fell prior to and shortly after the Federal Reserve’s decision to keep interest rates on hold at 2%. However, with rates remaining extremely accommodative and inflation surging, gold soon re... (Jun 26, 2008 10:09AM)

Gold Investments Market Update - Inflation to Unleash a Financial Tsunami

Gold closed at $888.80 in New York yesterday and was up $4.40; silver closed at $16.61, down 16 cents. Gold fell initially in Asia, then rose in early European trading prior to falling again in recent trade. With oil prices remaining near record highs, near $137 a barrel this morning and the dollar s... (Jun 25, 2008 8:57AM)

Gold Investments Market Update - Credit Crisis to Escalate on Credit Derivative Debacle

Gold closed at $884.40 in New York yesterday and was down 17.30 cents; silver closed at $16.76, down 57 cents.  Gold rallied in Asia and in early European trading to recover some of yesterday’s sharp losses. Oil has risen to near record highs, above $138 a barrel again this morning and the dollar has... (Jun 24, 2008 9:16AM)

Gold Investments Market Update - Peak Gold? - Australian Gold Production Plummets

Gold closed at $901.70 in New York on Friday and was down 40 cents; silver closed at $17.33, up 1 cent. Gold was up over 4% last week and the close above $900 may prove important from a technical point of view in the coming weeks. (Jun 23, 2008 10:09AM)

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