Monthly Archives: March 2009

19
Mar
2009

Gold Investments Market Update

Gold fell in US trading hours yesterday for no apparent reason; but on the Fed announcement, gold surged by nearly 7% in afterhours access trade. Gold leapt from its session low of $884.10/oz to a high of $946.20/oz, a jump of nearly 7 per cent and silver also surged some 7%.

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17
Mar
2009

Gold Investments Market Update

Gold fell yesterday for the first day in 3 and was down some 0.8%. Gold was flat in Asia but has fallen again in Europe to $915/oz.

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12
Mar
2009

Moneyweek: UK House Prices in Terms of Ounces of Silver

Moneyweek’s Dominic Frisby writes that he is detecting a certain amount of bullishness in the UK housing market. People with cash are talking about buying to take advantage of  lower property prices and interest rates. Nevertheless, he says,

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12
Mar
2009

Gold Investments Market Update

Gold and silver rallied over 1% and 2% yesterday as stock markets barely made gains in the US.

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11
Mar
2009

Gold Investments Market Update – Deflation Now But Onslaught of Inflation on the Horizon

Gold fell 2.2% yesterday (silver -3.1%) as increasing risk appetite saw stock markets in the US surge. A rally in stock markets was overdue but the sustainability of this latest rally is doubtful and equity markets in Asia were mixed and after a lower start, are tentatively higher in Europe.

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10
Mar
2009

Gold Investments Market Update

After the bounce in recent days, gold sold off again yesterday and was down 2.77% (silver -3.2%). After the falls seen in the last two weeks a period of consolidation will be needed and gold may fall further prior to rising strongly above the psychological and technical level of $1,000/oz.

With $50 trillion having been wiped off the value of assets internationally (primarily property and equities) there will likely be a long term shift towards risk aversion and wealth preservation.

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09
Mar
2009

Gold Investments Market Update

Gold’s recent downward trend may have ended last week after gold closed moderately higher for the week (gold +0.03% and silver +1.75%). The performance was impressive considering the continuing steep declines in stock markets (Nasdaq , DJIA, S&P down 6.1%, 6.17% and 7.03% respectively).

Gold’s outlook remains extremely positive especially as big money interests are once again realizing the safe haven attributes of the yellow metal.

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06
Mar
2009

Gold Investments Market Update

As expected gold bounced yesterday after its recent sharp falls. Gold’s lack of correlation with equities (gold has occasional very short term correlation with equities) was seen again as gold and silver were up some 2% while major US indices were down by some 4%.

Citigroup, once the world’s largest bank, fell below $1 per share and General Motors is struggling to avoid bankruptcy.

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05
Mar
2009

Gold Investments Market Update

Gold fell for the eighth straight session yesterday to have the longest losing streak since June 2006 (silver broke its losing streak). Gold is clearly oversold in the short term and due a bounce.

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04
Mar
2009

Gold Investments Market Update

Gold fell for the seventh straight day yesterday and is now down nearly 9% from its recent high just above $1,000/oz – see chart below).

Gold had become overbought in the short term and had risen over 24% in just over a month ($806/oz on January 14th to over $1,000/oz on February 20th ).

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