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Gold Investments Market Update - Gold at $1,200/oz Likely as Central Bank Supply Dwindles on Fear of Contagion
Gold’s correction continues and it has fallen for four days in a row now but the long term fundamentals remain very sound. Bargain hunters are likely to reemerge at these levels which should be supportive. (Feb 27, 2009 7:36AM)
Gold Investments Market Update - Gold Production in South Africa Plummets 13.6% to Levels Last Seen in 1922
Gold fell yesterday on profit taking and ended the day down 2.3% at $969.25/oz (silver fell by 3.1% to $13.98/oz). A short term correction was expected and warned of and this correction was necessary after gold becoming overbought in the short term. Gold had rallied over $100 (from $890/oz on Feb... (Feb 25, 2009 6:41AM)
Gold Investments Market Update - Gold To Remain in Bull Market Until Interest Rates Rise Significantly
Gold and silver remained resilient yesterday (gold slightly lower; silver slightly higher) despite the continual wave of mini tsunamis shaking the global economy. World stock markets continue to reel from the deterioration of the financial system which is spreading to the global economy and the DJIA... (Feb 24, 2009 7:28AM)
Gold Investments Market Update - Dow/Gold Ratio of 1:1 or 2:1 in Coming Years?
The inverse correlation between stock markets and precious metals was seen again last week as gold and silver surged by over 6% while most major stock markets were down by some 6% (S&P 500 was down by 6.8%). This inverse correlation looks set to continue for the foreseeable future and as has happene... (Feb 23, 2009 8:19AM)
Gold Investments Market Update - No "Gold Rush" or "Gold Fever" Despite the International Financial System being Close to Collapse
Gold has rallied strongly again this morning and is up 1.5% at $990/oz after consolidating around the $975/oz mark yesterday. Stock markets are under severe pressure again this morning after yesterday’s 7 year low close for the Dow Jones. (Feb 20, 2009 9:16AM)
Gold Investments Market Update - Russian Central Bank, Asian and International Demand Push Gold Towards $1,000/oz Again
Increasing fears of a global recession and possibly even a depression, saw gold rise another 3.2% (silver was up 4.5%) on increasing international safe haven demand. Markets participants are realizing that while sharp deflation is the challenge today, in a few months we may be confronted with an eve... (Feb 18, 2009 7:31AM)
Gold Set to Surge Past Record Nominal High Over $1,000/oz Again on Very Significant International Demand
After another strong week last week (both gold and silver were up some 3%) despite falling stock markets, gold continues its outperformance of other asset classes due to safe haven demand. It has surged again overnight in Asia and is now at 7 month highs and looks very likely to target its record hi... (Feb 17, 2009 9:13AM)
Gold Investments Market Update - US, UK Credit Ratings Look Set to Be Downgraded
Gold rose again yesterday, briefly rising above $950/oz and was up 0.6% on the day. Determined selling on the open in Asia saw gold fall and profit taking has seen gold fall in Asia and in early trading in London. This is to be expected as gold had risen by more than 15% in less than a month. (Feb 13, 2009 11:08AM)
Gold Investments Market Update - Gold to Reach $5000/oz According to Respected Goldcorp Founder
Gold surged a further 3.3% yesterday to $942.45 (as did silver) as worries about the US and global financial system and economy continue to grow and governments print money on an unprecedented scale to combat the economic crisis. Asian and European stock markets are again under pressure this morning... (Feb 12, 2009 8:33AM)
Gold Investments Market Update - Chinese Nervous about U.S. to Diversify into Gold with Massive $1.95 Trillion Foreign Reserves
Gold surged yesterday (up 2.4% and silver was up 2.3%) as stock markets fell sharply with investors increasingly frustrated and nervous with the lack of details about the US government’s latest $2,000 billion bank bailout plan. (Feb 11, 2009 7:24AM)
Gold Investments Market Update - Is FT’s Lex Right to Favour Platinum Over Gold?
Profit taking saw gold fall yesterday but continuing very robust demand for physical bullion and gold ETF’s for safe haven purposes means that this is likely another period of consolidation. There is a dawning realization that we are in the early stages of a severe global recession and possibly ... (Feb 10, 2009 7:51AM)
Gold Investments Market Update - Silver Surges but Remains Undervalued Vis-à-Vis Gold
Gold fell some 1.5% last week as investors took profits with gold having been up some 10% in the previous three 3 weeks. But the short and medium term prospects look sound in the light of strong fundamentals and some important indicators – silver was up by another 4.2% last week and the gold mining... (Feb 09, 2009 6:25AM)
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