Monday, August 15, 2016

Gold, Silver, Metal Prices: Commentary – 10/30/2009

October 30, 2009 by · Leave a Comment 

GDP: Great Day to Play Good Day, Friday’s market sessions in precious metals started off on a tamer note, following the best gains in gold in three weeks. Explanations follow. The recapture of the $1045 area is noteworthy, although analysts we polled during the wee hours overseas are trying to define the move as everything [...]

Selling Gold Jewelry

October 25, 2009 by · Leave a Comment 

One of the great benefits of investing in gold is that it typically functions as a safe haven for investors in times of economic turmoil. During the current economic instability, gold has risen to record high prices as one would expect. Some people will keep hold of their gold stocks until the peak of the [...]

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 – [...]

The World’s Biggest Gold Reserves

October 20, 2009 by · Leave a Comment 

With the price of gold reaching an all-time high of over $1,050 per ounce, resourceINTELLIGENCE TV have taken the (not very novel) approach of looking at countries with the largest gold reserves As of June 2009, world gold holdings are are believed to be approximately 29,634 tonnes. But the numbers vary greatly as a percentage [...]

Gold Supported by Oil at Yearly High; USD Near Record Lows

October 19, 2009 by · Leave a Comment 

Mark O’Byrne submits: Gold Gold is currently trading at $1,055.60/oz. With oil reaching a new high for the year above $79 a barrel, and the Federal Reserve signaling interest rates will stay near record lows for the foreseeable future, the beleaguered greenback fell to a 14-month low on the dollar index. The poor jobs number [...]

Fakeout or Breakout? Analysis of Gold in Currencies Other than USD

October 18, 2009 by · Leave a Comment 

Przemyslaw Radomski submits: This essay is based on the Premium Update posted October 16th, 2009 In one of the previous essays I’ve drawn Readers’ attention to the fact that gold has now decisively broken above the $1,000 level, and that this profound action has important implications for all gold and silver investors. I have received [...]

Gold, Silver, Metal Prices: Commentary (10/16/2009)

October 16, 2009 by · Leave a Comment 

Rich Gold Now Sold (By, And To, The Rich) Good Day, A second day of falling prices in gold was once again, brought to you courtesy of a strengthening dollar. Initial support at $1048 was once again breached early this morning, precipitated by a gain of 0.35 in the USD on the index (now at [...]

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 [...]

US Dollar in Need of a Tourniquet

October 9, 2009 by · Leave a Comment 

The Daily Reckoning OK, front and center this morning, gold has soared to another all-time high! When I turned on the screen this morning, gold was flashing a great big $1,055 figure… WOW! But wait! Gold – and silver for that matter – aren’t the only risk assets moving higher… All 16 of the countries [...]

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