Monthly Archives: October 2009

30
Oct
2009

Paul Tudor Jones ♥ Gold

Gold bugs of the world, unite! You have nothing to lose but your exposure to fiat currencies.

Or so says leading hedgie and Wall Street throw back Paul Tudor Jones, who in his latest missive to investors has gone soft at the knees for the yellow metal:

"I have never been a gold bug. It is just an asset that, like everything else in life, has is time and place. And now is that time."

Rousing stuff indeed.

Continue Reading
30
Oct
2009

GoldCore Update: Tudor Jones Joins Soros, Rogers, Einhorn and Paulson as Long Term Gold Bull

Paul Tudor JonesGold
Gold is trading at $1.043/oz and traded in a $22 range over the last 24 hours, hitting a low of $1,026/oz yesterday morning.

Gold then rallied strongly and closed at $1,046.40/oz and has maintained yesterday’s gains in Asian and European trading. Some of the short term frothy excess has been removed from the market and the selloff has seen physical buyers in India return to buying for the wedding season.

Continue Reading
29
Oct
2009

GoldCore Update: Gold Entering Traditionally Strong Period of November and December

Gold
Chinese gold demandGold is trading at $1.033/oz and touched $1,026/oz in overnight trading. Gold fell again yesterday and continues to consolidate above the $1,000 level.

Continue Reading
28
Oct
2009

GoldCore Update: Record Amount of US Debt Ever Sold in One Week ($153B)

Goldtrillion dollar bill
Gold closed trading at $1,037.20/oz. In euro and GBP terms gold is trading at €700/oz and £634/oz. Gold’s short term frothiness after sharp gains has led to profit taking and an expected correction back down to previous resistance at the $1,030/oz level.

Continue Reading
27
Oct
2009

GoldCore Update: USD Wobbles on Chinese Currency Diversification Concerns

Gold
Dollar and yuanGold closed trading at $1,039.80/oz In euro and GBP terms gold is trading at €699/oz and £635/oz. Support for Gold is currently seen at $1,030/oz and resistance at $1,053/oz.

Continue Reading
23
Oct
2009

GoldCore Update: Enter the Dragon – Chinese Citizens Significantly Increasing Gold and Silver Ownership

Australian Gold Lunar DragonGold
Gold closed Friday night trading at $1,058.70/oz. In euro and GBP terms gold is trading at €704.55/oz and £642/oz. Gold looks set for its fourth week of gains (if it can remain above $1,053/oz) and this would be bullish technically.

Continue Reading
22
Oct
2009

New GoldCore Wealth Management Blog

GoldCore Wealth Management now has a dedicated website, with its own blog.

You can find it here: http://www.wealth.goldcore.com/blog

Continue Reading
22
Oct
2009

GoldCore Update: Concerns About Disorderly Monetary and Economic Crisis Increasing

ObamadollarGold
Gold is currently trading at $1,054.60/oz. In euro and GBP terms, gold is trading at €704.60/oz and £637/oz. Support for gold is currently seen at $1,043/oz and resistance at $1,070/oz.

Continue Reading
21
Oct
2009

GoldCore Update: Niall Ferguson: “Dollar is Doomed; US Empire is Finished”

Niall Ferguston - The Ascent of MoneyGold
Gold is trading at $1.056/oz this morning and traded in a very tight range overnight. In EUR and GBP terms, gold is trading at €707/oz and £638/oz respectively.

Continue Reading
20
Oct
2009

GoldCore Update – Gold’s Real Inflation Adjusted High at USD 7,150/oz

Gold
Gold is trading at $1.063/oz this morning and traded between $1,048/oz and $1,066/oz over the last 24 hrs. In EUR and GBP terms, gold is trading at €710/oz and £648/oz respectively. Gold continues to gradually eke out gains and consolidate at near record levels on continuing oil strength and dollar weakness. Buying of physical remains robust on all price dips and this bodes well for further record highs in the short term.

Continue Reading