Monthly Archives: November 2009

30
Nov
2009

GoldCore Update: Gold Volatility to Rise as Phase II of Global Credit Crisis Unfolds

Gold
volatilityGold touched $1,179/oz overnight but has since dropped slightly. Gold is currently trading at $1,171/oz and in euro and sterling terms, gold is trading at €778/oz and £709/oz respectively.

Continue Reading
27
Nov
2009

GoldCore Update: Dubai Default Causes Contagion Concerns

Gold
Gold reached new record highs at $1,195/oz yesterday but has experienced the much anticipated correction overnight. Gold is currently trading at $1,157/oz and in Euro and GBP terms, gold is trading at €777/oz and £706/oz respectively. Gold is down some 3% and the correction is likely due to a combination of factors.

Continue Reading
26
Nov
2009

GoldCore Update: COMEX Shorts Confronted by Huge Investment and Central Bank Demand for Bullion

Gold
Gold is currently trading near record nominal highs in dollars, euro and sterling at $1,185/oz, £717/oz and €786/oz respectively. New levels of resistance and support in dollars are $1,197/oz and $1,171/oz. In dollar terms gold reached a new record nominal high at $1,195/oz overnight in Asia.

Continue Reading
25
Nov
2009

GoldCore Update: Central Bank Bidding War for Gold?

Gold
Gold has rallied to new record nominal highs (in dollars, euros and pounds) and is currently trading at $1,176.40/oz, £705/oz and €784/oz respectively. New levels of resistance and support are $1,186/oz and $1,158.43/oz.

Continue Reading
24
Nov
2009

GoldCore Update: Gold Prices Move Higher in a World of Paper Currencies and Paper Promises

Gold
gold barsGold has maintained last week’s and yesterday’s gain and is currently trading near record nominal highs at $1,166/oz, £705/oz and €781/oz. New levels of resistance and support are $1,175/oz and $1,152/oz.

Continue Reading
23
Nov
2009

GoldCore Update: Gold Surges to Record Nominal Highs in USD and EUR; $1,200/oz Soon?

Gold
Gold has rallied to new record nominal highs in dollars with geopolitical concerns about Iran escalating and the dollar falling again. Possibly of more importance are increasing concerns about the unprecedented and huge public debt levels in large industrialised nations and the as of yet remote possibility of sovereign default (there are concerns that sovereign default could, like subprime, be the catalyst for the next stage in the global financial crisis).

Continue Reading
20
Nov
2009

GoldCore Update: Gold and Silver Set For Parabolic Move Like 1970s?

Gold

Continue Reading
19
Nov
2009

A Minskian roadmap to the next gold mania

Selected highlights of the latest  ‘Popular Delusions’ note from Société Générale’s Dylan Grice:

Continue Reading
19
Nov
2009

GoldCore Update: Gold Back Near Record Nominal Highs in EUR and GBP

Gold
gold 2-pound coinGold reached new record nominal highs in dollars yesterday and reached $1,146/oz overnight and has since pulled back slightly. Gold is currently trading at $1,136/oz. In EUR and GBP terms it is trading at €764/oz and £680/oz respectively.

Continue Reading
18
Nov
2009

GoldCore Update: Gold’s New Record Nominal High – Yet Most of Investing Public and Media Remain Uninformed and Negative

Gold
Gold reached a new record nominal high again this morning at $1,148/oz and is currently trading at $1,146/oz. In EUR and GBP terms gold has risen to €767/oz and £680/oz respectively.

Continue Reading