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Weekly Archives
By: Adam Hamilton, Zeal Intelligence LLC - 14 September, 2007
While the technicals alone are compelling, the unique position of gold today really ramps up the probabilities that the next major HUI upleg is imminent or already unfolding. Miners can’t keep pace with gold demand growth and the big autumn buying season is approaching. And all-time US dollar lows could drive gold investment demand the likes of which we haven’t seen in decades. Full Story |
By: Investment Score - 14 September, 2007
If you were playing a competitive game of chess for a grand prize of a million dollars, would you ask your opponent what strategic move you should take next? No. So why do investors and analysts ridicule and blame the banks for offering poor advice on the future direction of interest rates? If a bank is going to lend you money for their profit, what is their incentive to give advice that is in your best possible interest? Full Story |
By: Adrian Ash, Bullion Vault - 14 September, 2007
SPOT GOLD PRICES slipped against the US Dollar early Friday, bouncing off Thursday's low at $704.50 but testing the week's highs for British investors as long queues formed outside branches of Northern Rock, the UK's fifth largest mortgage lender.
Full Story |
By: Gold Investments - 14 September, 2007
As anticipated, gold has continued to consolidate after its recent price surge. None of the fundamental factors which led to gold's recent price surge have gone away. Oil and the dollar remain near record highs and lows respectively. The U.S. dollar is trading at 79.61 at 1200 GMT and has clearly broken down below massive long term support at 80. It is now in uncharted territory technically and with the FOMC meeting next Tuesday expected to result in a drop of at least 25 basis points, the USD looks likely to remain under serious selling pressure. Full Story |
By: Chintan Karnani, Insignia Consultants - 14 September, 2007
Risk aversion is over and carry trade seems to have restarted as gold and silver fell and base metals rise. Full Story |
By: Rick Ackerman, Rick's Picks - 13 September, 2007
Merrill Lynch economist David Rosenberg puts the odds of recession at greater than 70 percent (see graph), and we think that’s about right, since “greater than 70 percent” allows for wiggle room all the way up to brash certitude. Of course, Rosenberg isn’t paid to make brash predictions, but it’s a credit to Merrill that they have allowed such a high-profile spokesman to tell it like it is. The 70 percent figure is empirically derived, based on a yield curve model that incorporates short-term commercial paper. Full Story |
By: Adrian Ash, Bullion Vault - 13 September, 2007
GFMS forecasts that total world gold-mining production will slip in the second half of this year. Gold sales by central banks, it says, rose by a modest 4% between Jan. and July compared with the same period last year. Full Story |
By: Gold Investments - 13 September, 2007
The stagflation of the 1970's led to gold rising from $35 per ounce to $850 per ounce in 1980 and we expect gold will again outperform the majority of asset classes in the coming years. Full Story |
By: Gold Investments - 12 September, 2007
Spot gold was trading at $705.20/705.70 an ounce as of 1215 GMT after yesterday's 1.5% price increase. It has traded sideways in Asia and Europe but remains close to new 16 month highs and is not far away from 26 year highs at $730. Full Story |
By: Adrian Ash - 12 September, 2007
SPOT GOLD PRICES touched a fresh 16-month high in London early on Wednesday, but slipped $3 per ounce to trade at $711.29 as the US open drew near. Full Story |
By: Rick Ackerman, Rick's Picks - 12 September, 2007
Our immediate target for December Gold is 736.80, but we didn’t expect it to get there so quickly when we aired the forecast last week with the futures trading in the low 690s. Full Story |
By: Captain Hook, Treasure Chests - 12 September, 2007
Further thoughts along these lines are presented here by Richard Cook, who does a good job of pointing out the obvious, like we are already in recession, which of course is not mentioned on bubble-vision (think Bloomberg) because this kind of thinking threatens the paper empires of New York and London. And you may have noticed on the bounce off the lows in stocks that some issues are doing much better than others; again, reaffirming the tendency for the powers that be to support their own interests, which involves keeping the broad market bubbles inflated. Full Story |
By: Chintan Karnani, Insignia Consultants - 12 September, 2007
Anything that is scarce commands a higher value than those which are available in excess. This is one of the prime reason for gold’s rise. Full Story |
By: Adrian Ash - 11 September, 2007
SPOT GOLD PRICES traded sideways in Asia overnight, moving in a $2 range before rising steadily in London to break $705 per ounce as the New York open drew near. Full Story |
By: Gold Investments - 11 September, 2007
Spot gold was trading at $705.20/705.70 an ounce as of 1215 GMT. It has traded sideways in Asia and Europe but remains close to 16 month highs. Yesterday's close above $700 was only the 7th daily close above $700 in 26 years. Full Story |
By: Chintan Karnani, Insignia Consultants - 11 September, 2007
Crude oil and energies are market movers ahead of the Opec meeting. Crude oil is nearing $80 a barrel and looks for further gains. Opec is desperately to seek susan. The susan is higher oil prices in wake of a weaker US dollar and possibilities of a slowdown in global growth. Full Story |
By: Adrian Ash - 10 September, 2007
SPOT GOLD PRICES dipped 30 cents below the $700 mark in Asian trade on Monday, only to spike sharply higher before opening the week in London above $706 per ounce – the highest weekly start since Sept. 1980. Full Story |
By: Gold Investments - 10 September, 2007
Gold has continued to show strength in Asian and European trading after last week's surge of $26 or more than 4%. Last weeks surge was likely due to strong physical demand, near record oil prices, the weaker dollar and then the worryingly bad payroll numbers on Friday. These led to gold rising and the Dow declining 1.9% and the S&P 500 falling 1.4% for the week. Full Story |
By: Chintan Karnani, Insignia Consultants - 10 September, 2007
Silver, nothing official about last weeks rise, but still failed to get its due as it gets chopped between rise in precious metals and fall in base metal prices. Full Story |
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