US Hyperinflation?

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 – [...]

Coin Monday at Heritage Auctions: One Coin for One Stamp

Heritage Auction Galleries Oct. 19, 2009 Written by John Dale I don’t buy too many stamps anymore. Most of my bill-paying happens online, and e-mail has largely replaced physical letters (emphasis on largely — greeting cards and thank-you notes are the main exceptions). That said, I do need to buy at least one stamp a [...]

Gold at $2,000 Becomes Inflation-Adjusted Bullseye for ‘80 High

By Pham-Duy Nguyen Oct. 19 (Bloomberg) — Gold’s rally to a record means prices are still 53 percent below the 1980 inflation-adjusted peak. While gold rose 19 percent this year to $1,072 an ounce on Oct. 14, consumer prices almost tripled in the past three decades, eroding the metal’s value. Bullion hasn’t kept pace with [...]

Boomers Have Their Backs Against the Wall

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

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 [...]

Gold Reaches New Record Highs, Dollar Sees Record Lows Again

Mark O’Byrne submits: Gold Gold has traded at new nominal record highs (over $1,070/oz) and is currently trading at $1.066/oz. In EUR and GBP terms, gold is trading at €715/oz and £665.90/oz respectively. Resistance currently lies at $1,070/oz with initial support at $1,050/oz and then at $1,040/oz. With oil back above $75 per barrel and [...]

Gold Eagle Bullion

Last weeks’ three-day gold spot price record setting performance has given many more investors hope for wealth preservation, as they now see the benefits that are available for potential short-term gains, as well as for long-term financial security, with investments in Gold Eagle bullion. Many of these no longer diehard Wall Street faithful are realizing [...]

Uncertainty in Currencies Leads to Higher Gold Prices

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 [...]

Gold eases a day after testing record high

Gold fell slightly on Tuesday as investors locked in profits a day after the precious metal tested an all-time high above $1 060 an ounce. Lacklustre trade in currency markets ahead of major corporate earnings kept traders from taking large gold positions as a recent rally in the precious metal has mainly been driven by [...]

In a bull rally gold needs to rise in all currencies not just in dollar terms – Walker

GFMS says that while prices may rise in the short-term longer-term prices could be hurt by weak physical demand Read more….

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