Monthly Archives: June 2008

17
Jun
2008

Gold Investments Market Update – Bank of England Warns Inflation Here to Stay and to Accelerate

Gold

Gold closed at $883.20 in New York yesterday and was up $13.30;silver closed at $17.24 up 67 cents. Gold traded in a range between $880 and $890 in Asian and European trading this morning prior to selling off at the open on the NYMEX.

With oil selling off and the dollar stronger versus the euro today, gold has come under pressure. But the inflation genie is well and truly out of the bottle and central banks internationally are in an extremely difficult situation.

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13
Jun
2008

Gold Investments Market Update

Gold

Gold closed at $869.50 in New York and was down $10.50; silver closed at $16.48 down 29 cents. Gold rallied initially in Asia but has subsequently given up those gains and has fallen in Asia overnight and in early European trading this morning.

More of the same in the gold market today with gold taking its lead from oil which is down (1%) and the dollar which is up this morning (0.8% against the euro and 0.15% against sterling).

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12
Jun
2008

Gold Investments Market Update – Gold Remains Fringe and the Preserve of the Smart Money

Gold

Gold closed at $881.00 in New York and was up $13.20; silver closed at $16.84, up 27 cents. Gold has subsequently given up some of yesterday’s gains and has fallen in Asia overnight and in early European trading this morning.

Gold is again taking its cue from oil which is down and the dollar which is up this morning. This trend may continue until we get a breakout out of the recent range bound trade between $850 and $950. The breakout is again likely to be to the upside.

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11
Jun
2008

Gold Investments Market Update

Gold

Gold closed at $867.80 in New York and was down $27; silver closed at $16.57 down 58 cents. Gold has risen in Asia overnight and in early European trading this morning is up some 0.5%.

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10
Jun
2008

Gold Investments Market Update – Interest Rates to Rise Internationally to Combat Inflation

Gold

Gold closed at $894.80 in New York and was down 70 cents; silver closed at $17.15 down 22 cents. Both have sold off in Asia overnight and in early European trading this morning.

Gold’s sell off is somewhat counter intuitive given the host of positive fundamentals. However, oil selling off and the dollar strengthening again (despite increasing credit, financial and systemic risk) is contributing to gold’s weakness.

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09
Jun
2008

Gold Investments Market Update – Geopolitical Risk in Middle East Remains Ever Present but Largely Unacknowledged

Gold

Gold closed at $895.50 in New York Friday and was up $23.30; silver closed at $17.37 and was up 30 cents. In the New York Globex market gold subsequently rallied to $902.20 late Friday. Both traded sideways in Asia this morning prior to rallying higher in early European trading.

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06
Jun
2008

GI quoted in MarketWatch: Silver’s more than a sparkle in investors’ eyes

Gold and Silver FuturesGI believe all investors should have a precious metals allocation of at least 25% to silver and either buy silver outright now or should transfer from gold to silver at the earliest possible opportunity.

We believe $50 per ounce

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05
Jun
2008

Gold Investments Market Update – Gold Production Continues to Fall – Peak Gold?

Gold

Gold closed at $880.50 in New York yesterday and was down $1.80; silver closed at $16.84 and was up 5 cents.

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