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Posted an entry on Gold Blog
Rumors of Greek “Non Default” And Gold Pulls Back
SPOT MARKET gold bullion prices dropped back to $1600 per ounce Tuesday morning in London – a 0.6% drop from yesterday’s all-time high – while stock and commodity markets recovered some of the past week’s losses as Europe looked ahead...
2011-07-19 09:36:44
Posted an entry on Gold Blog
Gold Price Poised for New Records
The price of gold continues on its hike to a new record-setting 1,607 Dollars an ounce. The Asian spot market price of gold climbed to a peak of 1,607.41 Dollars an ounce. Analysts said the yellow metal is likely to climb back to higher territory and...
2011-07-19 08:01:26
Posted an entry on Gold Blog
Global Breakdown Begins : Precious Metals Ready for BIG TIME Run
An important shift in global markets is taking place and it bears introspection. Gold has broken to a new high while Silver has established a bottom. Precious metals stocks have rebounded significantly from support. At the same time, important global...
2011-07-18 15:07:06
Posted an entry on Gold Blog
Gold Leaps above USD1600 , US and Eurozone Appear No Closer to Solving Debt Problems
THE SPOT MARKET gold price surged to $1602 per ounce Monday morning in London – a new intraday record – while stocks and commodities fell as politicians on both sides of the Atlantic appeared no closer to resolving their respective debt problems....
2011-07-18 09:25:15
Posted an entry on Gold Blog
Gold Breaks $1,600 for First Time in History
Gold Price went through the $1,600 (£995) an ounce mark for the first time in history, mostly because of tensions about the eurozone debt crisis and the US debt ceiling. And it was not just gold: Silver gained 2% to $40.11 an ounce, its highest since...
2011-07-18 07:32:10
Posted an entry on Gold Blog
Gold Takes A Breather – Sentiment Remains Bullish
After setting record highs for two consecutive sessions, spot gold edged down 0.3 per cent to $US1,581.66 an ounce, as dashed hopes for additional US stimulus measures took some heat off, although the euro zone debt crisis and uncertainties on...
2011-07-15 04:47:37
Posted an entry on Gold Blog
U.S. & Europe’s Debt Struggle Creates “Bullish Cocktail” for Gold
PRICES to buy gold bullion came within a few cents of $1595 an ounce Thursday morning London time – a new wholesale market record and a 7.8% gain from the July 1 low. Gold bullion also set a Dollar record in Dollar terms at Thursday morning’s...
2011-07-14 09:35:29
Posted an entry on Gold Blog
The Comex Gold Rally: Fueled By Catastrophic Jobs Report
Increased speculation that the Fed may resort again to quantitative easing to boost employment , as a result of a saddening US jobs report, is the main reason why Gold on the Comex division of the New York Mercantile Exchange gained 0.8 percent on...
2011-07-08 14:26:27
Posted an entry on Gold Blog
Inflation and Debt Concerns Push Gold higher
A rate hike from China which put inflation concerns back in the spotlight, and worries over euro zone and US debt lifted the shiny metal’s haven appeal. Spot gold was bid at $1 526,81 an ounce at 1343 GMT, against $1 515,70 late in New York on...
2011-07-06 17:47:20
Posted an entry on Gold Blog
Gold Up 2% on Week, While Portugal Catches ‘Eurozone Plague’
WHOLESALE MARKET gold bullion prices held steady around $1517 per ounce for the bulk of Wednesday morning London time – 2% up from Friday’s close – while stocks and commodities slumped and US Treasury bonds gained after Portugal saw its...
2011-07-06 11:11:19
Posted an entry on Gold Blog
Asian “Bargain Hunters” Boost Gold, German Court Hears Greek Bailout “Economically Wrong”
THE WHOLESALE market price to buy gold climbed to $1505 an ounce Tuesday morning London time – 1.2% up on last Friday’s close – while stocks, commodities and US Treasury bonds also gained after yesterday’s Independence Day holiday in...
2011-07-06 06:27:22
Posted an entry on Gold Blog
Silver Bottoms, But We Notice Subtle Bullish Factors
Successful market timing is based on careful use of technical analysis and sentiment analysis. Technical analysis measures supply and demand and sentiment analysis takes that a step further by looking at investor attitudes their positions and money flows.
2011-07-06 05:37:28
Posted an entry on Gold Blog
Gold Holds Steady, While Greece May Give Up On Cuts
Thursday morning trading in London saw gold rising to $1512 an ounce, bringing it to a weekly gain of 0.7 percent in the week so far, however by lunch time it fell back again, as did commodities and stocks held flat as the second austerity vote by...
2011-06-30 17:29:23
Posted an entry on Gold Blog
Gold Up – Asian Buying On Hopes Of Greece Vote
Gold investors are optimistic that Wednesday’s vote will see Greece’s parliament approve an austerity plan that is thought to support sentiment in bullion and other commodities. As a result, gold increased on Wednesday, supported also by light...
2011-06-29 09:45:18
Posted an entry on Gold Blog
Bears raise Their Heads – Gold Continues to Run
Despite of the mixed signals being communicated to the gold market, gold was fixed at a new high of $1,522.00 at the end of Wednesday trading in London. Gold struggled to move much above $1,500 after Wednesday’s high, but some experts, including...
2011-06-28 09:51:23
Posted an entry on Gold Blog
Taking Issue With Gold Bugs
I must confess I am a gold bug both philosophically and in terms of investing. We are entering a golden age for Gold as the bull market is destined to reach amazing heights and real and honest money reemerges as legal tender against fiat currencies that...
2011-06-28 05:08:26
Posted an entry on Gold Blog
Cambodia Gold Rush New Target of Mining Giants
A modern day gold rush in a remote corner of Cambodia is the new target of foreign mining giants, Sapa reports. The area, known as the “Gold Forest”, has already seen hundreds of local prospectors arrive in search of the precious metal. Currently...
2011-06-27 15:49:50
Posted an entry on Gold Blog
Faber says “Don’t trust central banks”
“I keep on accumulating gold,” says renowned investor Marc Faber, publisher of the Gloom, Boom & Doom report. Gold almost returned to where it started off this week, with the US dollar gold price falling 1.3 percent on Thursday compared...
2011-06-24 17:11:02
Posted an entry on Gold Blog
Gold Steadying, In Its Worst Week Since May
While gold fell as much as 2 percent in Thursday trading, Friday saw the precious metal steadying thanks to a softer dollar and a strengthening of the euro following the announcement that Greece had won approval for its five-year austerity plan....
2011-06-24 17:06:04
Posted an entry on Gold Blog
Gold And Silver to Benefit From Continued Currency Frictions
Greek Prime minister won the vote of confidence on midnight Tuesday, at a time when other markets were closed, while most analysts are predicting an inevitable default by Greece at some point. Yesterday saw Greek Prime Minister Papandreou winning the...
2011-06-22 16:32:46
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