Sunday, August 14, 2016

Gold, Silver, Metal Prices: Commentary – 10/26/2009

October 26, 2009 by · Leave a Comment 

Fun(d) and Games Good Day, Dollar weakness was manifest once gain as the new trading week got underway, with the US currency recording a fresh 14-month low against the euro overnight. The greenback also slipped on the trade-weighted index, losing 0.13 to 75.31 at last check. This morning’s macroeconomic news reveals a mixed bag of confidence, one [...]

Weakening dollar and global recovery have increased demand for gold

October 22, 2009 by · Leave a Comment 

The World Gold Council’s latest Gold Investment Digest, which covers activity to the end of Q3, noted gold demand rising on continuing dollar weakness and signs of a strogner global economy. Read more….

US Hyperinflation?

October 20, 2009 by · Leave a Comment 

The Daily Reckoning The finance ministers of the Eurozone met yesterday and they’ve tried to stem the euro’s (EUR) rise… But they’ll need more than words to get the job done! And so we begin a new day… Front and center this morning, the currencies – which had given background overnight to the dollar – [...]

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. [...]

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 [...]

Don’t Trust the Dollar Strength

October 9, 2009 by · Leave a Comment 

The Daily Reckoning As predicted, both the European Central Bank and the Bank of England kept their benchmark interest rates at record lows in an effort to keep stimulating their economies. Trichet signaled that the ECB has no plans to raise rates in the near future, stating that the current level is ‘appropriate’ for the [...]

Gold Soars to an All-Time High

October 8, 2009 by · Leave a Comment 

The Daily Reckoning What a day for gold, yesterday! WOW! In case you were trapped in a cave and didn’t hear the news… Gold, which I said yesterday morning looked like it was going to take out its all-time high, did take out its all-time high, and not just take it out! Gold pushed past [...]

Gold to hold above $1 000/oz – Harmony Gold CEO

October 7, 2009 by · Leave a Comment 

The chief executive of Harmony Gold Mining Co. said the dollar price of gold could stay above $1 000/oz this year after it hit a new record, but a stronger rand was eroding gains for South African producers. Gold hit a record high on the spot and futures markets on Wednesday, with dollar weakness continuing [...]

Gold stocks ran more than 5% Tuesday on gold price record

October 7, 2009 by · Leave a Comment 

Gold bulls see runaway inflation and U.S. dollar weakness sparking a stampede into the metal Read more….

September Job Losses Soar

October 5, 2009 by · Leave a Comment 

The Daily Reckoning Well… Friday’s Jobs Jamboree disappointed as I had the feeling it would, with 263,000 jobs lost in September. The unemployment rate also rose to 9.8%… Now we all know that when all the people who are truly unemployed are counted, the unemployment rate goes to 16%, but the Bureau of Labor Statistics [...]

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