Monthly Archives: April 2011

29
Apr
2011

Secret Silver Buying by Russian Billionaire, Chinese Traders, and People’s Bank of China to Lead to Comex Silver Default?

 Gold rose to new record nominal highs at $1,540.85/oz in early Asian trading last night. Silver and gold remain very close to nominal highs today as the beleaguered US dollar remains under pressure due to ultra loose US monetary policies, deepening inflationary price pressures and concerns about the feeble economic recovery.

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28
Apr
2011

Perfect Precious Metal Storm Continues – Gold Hovers Near New Nominal Highs at $1,534/oz

 Gold has risen to new record nominal highs of $1,534/oz as the dollar continues to be sold in international markets. Gold has eked out smaller gains in other fiat currencies but remains close to record nominal highs in euros, yen and pounds. Silver has risen by more than 1% in all currencies so far today.

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27
Apr
2011

Gold and Silver Bubble? – Some Retail Investors Taking Profits and ETF and COT Data Suggest Otherwise

 Gold and silver are tentatively lower this morning despite the dollar and especially the yen being under pressure. The possibility of Japan being downgraded has seen the yen join the dollar under pressure and gold has risen to over 124,000 Japanese yen per ounce, some 2% below the record nominal high just over 126,000/oz.

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26
Apr
2011

Gold and Silver Correction Possible but Store of Value Demand – Especially from Asia to Support

 Silver and gold are lower today after the record nominal highs seen yesterday (gold marginally and silver significantly). Gold reached $1,518.30 per troy ounce, a nominal record, while silver climbed to $49.79 per ounce, its highest nominal level since the short term parabolic spike in 1980.
Gold in USD - 10 Day (Tick) GoldCore

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21
Apr
2011

Silver Surges Over $46.25/oz as Rumours of a Short Squeeze and Cornering Market Gain Credence; Speculators Smell Blood

 Gold and silver have surged to new record nominal highs in dollar terms (all time and 31-year) with the dollar falling sharply on international markets. Silver has continued to surge in all currencies and has surged to a new record nominal high of $46.25/oz (£27.85/oz and €31.54/oz) on growing rumours of a short squeeze involving a billionaire or state interest attempting to corner the silver market (see FT news story below).

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20
Apr
2011

Gold Breaches Nominal High of $1,500/oz; Inflation Adjusted High of $2,400/oz Remains Long Term Target

 Gold has breached the $1500/oz level and reached new record nominal highs at $1,505.65/oz. Since yesterday it has gradually risen in all currencies and is approaching record nominal highs in all major currencies. Gold has risen to EUR1,037/oz, GBP920/oz, AUD1,412/oz, CHF1,344/oz and JPY124,640/oz, and is now not far from recent record nominal highs of EUR1,054/oz, GBP922/oz, AUD1,440/oz, CHF1,349/oz and JPY126,000.

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19
Apr
2011

Peter Whelan: Surviving in Age of High Oil Prices and Inflation

If countries are to survive in an age of increasingly unstable oil sources, they must reduce their exposure to the black stuff, writes Peter Whelan in Business & Finance magazine.

Please read Peter’s the article here: Surviving in Age of High Oil Prices and Inflation

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19
Apr
2011

Gold’s Safe Haven Status Confirmed as “Risk Free” Status of US Sovereign Debt Questioned

 Gold and silver closed higher yesterday (+0.45% and +0.65%) after S&P, somewhat belatedly, cut its outlook for the US from stable to negative. While the move seemed to surprise some, many market participants have been warning that this was inevitable for some time.

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18
Apr
2011

$1 Billion of Gold Bars Taken Delivery of by Pension Fund Due to Risk of COMEX Default and Shortages

 Concerns that the sovereign debt crisis may be entering a new phase and the risk of contagion has seen peripheral eurozone bonds fall sharply and the euro fall against major currencies and gold today.

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15
Apr
2011

Gold and Silver Reach New Record Nominal Highs – Little Coverage, Bearish and Superficial Analysis

Gold and silver have reached new all-time and 31-year record highs in trading in London this morning.

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