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Commentaries Archives

Mark O`Byrne

Precious metals analyst

Gold Investments Market Update - U.S. Government To Intervene in Markets to Prevent Run on the Dollar

Gold finished trading in New York yesterday at $961.10, down $16.00 and silver was down to $18.72, down 20 cents. Gold rose in Asia before and in early European trading it is up nearly 0.5%. While risk appetite has increased with equity markets having a renewed bout of misplaced exuberance, this is lik... (Jul 17, 2008 10:17AM)

Gold Investments Market Update - Alan Greenspan: "Gold still represents the ultimate form of payment in the world

Gold finished trading in New York yesterday at $977.10, up $5.00 and silver was down to $18.92, down 27 cents. Gold fell in Asia before rising in early European trading. Gold rallied strongly in early trading yesterday on higher oil, a lower dollar and increasing macroeconomic and systemic risk prior t... (Jul 16, 2008 9:07AM)

Gold Investments Market Update - Trillion Dollar Bailouts Will Likely Cripple U.S. Budget and Imperil the Dollar

Gold finished trading in New York on Friday at $959.10, up $18.90 and silver was up to $18.72, up 48 cents. Gold rose in trading in Asia before selling off in early European trading on profit taking due to falling oil prices and a rising dollar this morning. (Jul 14, 2008 8:54AM)

Gold Investments Market Update - Fannie, Freddie 'Insolvent' and Lehman Brothers May be Next Bear Stearns

Gold finished trading in New York yesterday at $940.20, up $13.90 and silver was up to $18.24, up 17 cents. Gold rose again in the New York Globex electronic market before trading sideways in trading in Asia and it has risen sharply again in early European trading to above $950 per ounce. (Jul 11, 2008 6:51AM)

Gold Investments Market Update - S&P 500 Real Return in 10 Years is Less Than Zero

Gold finished trading in New York yesterday at $926.30, up $5.40 and silver was up to $18.07, up 23 cents. Gold rose again in the New York Globex electronic market and in early trading in Asia and has remained firm in early European trading. With geopolitical risk remaining high and financial risk eleva... (Jul 10, 2008 9:42AM)

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)

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