Sunday, August 14, 2016

Gold ETF holdings drop for second day as gold hovers around $1,040

October 28, 2009 by · Leave a Comment 

Analysts expect a brief period of consolidation Read more….

Purchase Gold Bullion

October 24, 2009 by · Leave a Comment 

It is a widely accepted precious metal investment strategy to purchase gold bullion for physical possession, regardless of economic circumstances. Gold bullion bars and coins are a safe, discrete means of consolidating wealth, and could prove to be invaluable in the event of an emergency, should our banking system suffer any more self-inflicted trauma. Bullion [...]

Coal-miner Consol’s Q3 earnings slide

October 22, 2009 by · Leave a Comment 

US coal producer Consol Energy earned $87,4-million in the third quarter, compared with net income of $90,1-million in the same period last year, after coal volumes declined. Consol produced 0,6-million tons of metallurgical coal, compared with 0,9-million tons in the third quarter of 2008. Thermal coal output also declined, to 12,9-million tons, from 13,9-million tons [...]

Niall Ferguson: Dollar Is Doomed, U.S. Empire Is Finished

October 21, 2009 by · Leave a Comment 

Mark O’Byrne submits: Gold Gold is trading at $1.056/oz this morning and traded in a very tight range overnight. In EUR and GBP terms, gold is trading at €707/oz and £638/oz respectively. With oil and the dollar trading near their respective recent highs and recent lows, gold continues to be well supported. It appears to [...]

Gold’s Real Inflation Adjusted High Is $7,150/oz

October 20, 2009 by · Leave a Comment 

Mark O’Byrne submits: Gold Gold is trading at $1.063/oz this morning and traded between $1,048/oz and $1,066/oz over the last 24 hrs. In EUR and GBP terms, gold is trading at €710/oz and £648/oz respectively. Gold continues to gradually eke out gains and consolidate at near record levels on continuing oil strength and dollar weakness. [...]

Gold steadies at $1 050/oz in consolidation mode

October 16, 2009 by · Leave a Comment 

Gold steadied around $1 050 an ounce on Friday after falling more than $10 the previous day as the dollar pared recent losses, prompting the precious metal to consolidate from record highs hit earlier this week. Gold is often considered as a hedge against the US currency. Read more….

Boomers Have Their Backs Against the Wall

October 15, 2009 by · Leave a Comment 

The Daily Reckoning Two important items in the news today: First, Bloomberg reports that retails sales fell 2.1% in September – the biggest decrease this year. Know what that means? It means the “Age of Thrift” is here…and that consumers really are cutting back – just like we said they would. And it means that [...]

Capital Gold Group Report: Gold, ‘Off The Charts’, May Target $1,500: Technical Analysis

October 15, 2009 by · Leave a Comment 

By Glenys Sim Oct. 7 (Bloomberg) — Investors should hold onto long positions in gold as bullion has “significant upside potential” to reach as high as $1,500 an ounce, Barclays Capital said, citing trading patterns. “Having rallied ‘off the charts’, we are left to resort to projections and extrapolated trendlines to forecast where the move [...]

Uncertainty in Currencies Leads to Higher Gold Prices

October 13, 2009 by · Leave a Comment 

Mark O’Byrne submits: Gold: Gold closed Friday night trading at $1,048/oz and is currently trading $3 higher at $1,051/oz. In euro and GBP terms, gold is trading at €713/oz and £666/oz and has risen sharply in these currencies in recent days. Support for gold is currently seen at $1,040/oz and resistance at $1,062/oz. The record [...]

Cliffs to buy out partners in Canadian iron-ore mine

October 13, 2009 by · Leave a Comment 

Iron-ore miner Cliffs Natural Resources plans to exercise its right to buy the interests that its two joint venture (JV) partners, US Steel Canada and ArcelorMittal Dofasco, held in the Wabush Mines JV, in an $88-million deal. The company noted in a statement on Monday that Consolidated Thompson Iron Mines had announced an agreement with [...]

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