With the dollar and oil flat, gold will likely take its cue from the data being released today. If the Empire State index, industrial production, Michigan sentiment and December TICs capital inflows data is poor, gold should remain strong above $900 per ounce. Full Story
SPOT GOLD PRICES stayed in a tight $4 range ahead of the long President's Day weekend early on Friday, trading 1% beneath last week's finish as global stock markets held flat and bond yields ticked lower. Full Story
The Fed chairman Ben Bernanke has lowered the growth forecast for the US economy and the Fed will continue to lower interest rates to stimulate growth. The fed may soon start following zero interest rate policy till the US economy does not pick. Full Story
By: Chris Mullen, Gold-Seeker.com - 14 February, 2008
Gold rose to $913.90 in Asia before it fell to $901.62 in London, but it then rallied back higher in New York and ended with a small gain. Silver rose to $17.48 in Asian and early London trade and fell to $17.11 by early trade in New York before it rallied back near $17.40 by late morning, but it then fell back off in afternoon trade and ended with a loss of 0.4%. Full Story
SPOT GOLD dipped from a two-day high early Thursday, recording an AM Fix in London of $910.85 – some $3 per ounce above the February average so far – as Asian stock markets closed sharply higher. Full Story
Gold looks well supported today with the dollar weaker and oil again higher. In the medium to long term, the combination of strong international safe haven demand and decreasing production of and supply of gold in most major producers and particularly in South Africa will likely result in gold going significantly higher in the coming months. Full Story
Better than expected US January retail sales is positive news for base metals bulls. If the US is able to fend off a recession (which has already been discounted in current base metals prices), all the base metals will out perform precious metals. Full Story
By: Chris Mullen, Gold-Seeker.com - 13 February, 2008
Gold fell to $896.02 in Asia and traded near $900 in London before it rose to as high as $910.70 by early afternoon in New York, but it then fell back off a bit in the last hour of trade and ended with a loss of 0.25%. Silver fell to $16.89 in Asia and rose to $17.36 by early afternoon in New York before it also dropped slightly into the close, but it still ended with a gain of 0.23%. Full Story
The Buffett announcement is not what the markets originally thought and not the simple cure for all the bond insurers' ills. When this is realised by the marketplace, risk aversion will return which will likely ensure that gold consolidates at these levels prior to reaching $1,000 in the coming months and over $1,200 per ounce before year end. Full Story
SPOT GOLD PRICES turned higher from this week's 3.3% drop to $897.25 per ounce early Wednesday as European equity markets slipped on news that Eurozone industrial output fell in December. Full Story
Gold, silver and copper fell on profit taking after the inability to edge higher. At the moment the fall is just profit taking, whether turns into a bear rally remains to be seen. Full Story
By: Chris Mullen, Gold-Seeker.com - 12 February, 2008
Gold rose slightly to $924.70 in Asia, but it then fell throughout most of trade in London and New York and ended over $5 off its low of $903.45 with a loss of 1.47%. Silver made a new 27 year intraday high at $17.60 in Asia before it also fell in London and New York and dropped to as low as $17.10 by early afternoon, but it did end over 10 cents off that low with a loss of just 0.98%. Full Story
With the credit crisis deepening, gold will be well supported on any pullbacks and will likely continue to surprise to the upside. There is also a potential for a massive short squeeze with large hedgers and those who have lost billions in being massively short this market in recent weeks being forced to buy back their positions leading to a huge buying panic and a surge in prices that would far surpass that seen in the wheat and platinum markets in recent days. Full Story
THE PRICE OF PHYSICAL GOLD BULLION continued to tick lower from yesterday's six-session high early Tuesday, slipping $5 from last night's New York close as rumors grew of a major banking loss in Europe and the US government prepared a new bail-out for struggling mortgage debtors. Full Story
There are a very few days when silver outperforms gold, yesterday was one of them. Silver, if it is able to hold on to current prices, should rise even faster than gold. We all know that silver rises as well as falls faster than gold. Full Story
By: Chris Mullen, Gold-Seeker.com - 11 February, 2008
Gold rose to $927.20 in London before it fell to $915.60 by midmorning in New York, but it then rallied back higher into the close and ended with a gain of 0.47% and just $4.45 from setting a new record closing high. Silver rose to $17.392 in London before it fell to $17.10 by midmorning in New York, but it then rallied to a new 27 year intraday high of $17.54 and ended at a new 27 year closing high with a gain of 1.7%. Full Story
While gold would be expected to consolidate after its recent outperformance (up 11.1% YTD) the real and growing fundamental reasons to go long gold continue to increase and gold could continue to surprise to the upside. Full Story
GOLD FOR IMMEDIATE DELIVERY pushed higher in volatile trade early on Monday, gaining 0.7% from Friday's close to reach $927 per ounce in London as world stock markets dropped yet again. Full Story
In 2008 the trend so far in gold has been that gold rises multiple times faster than declining including last week. It seems equity investors are the most nervous lot as they increase their investment in gold and gold related instruments. Full Story
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