Category: Market Updates

18
Mar
2008

Gold Investments Market Update

Gold
Gold was up $2.10 to $1000.80 per ounce in trading in New York yesterday while silver was down 25 cents to $20.36 per ounce. Gold surged on the open in Asia yesterday and reached a new record high ($1030.80 per ounce). Subsequently, with U.S. stock markets miraculously recovering, gold succumbed to profit taking and ended the day only slightly higher.

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10
Mar
2008

Gold Investments Market Update

Gold
Gold was down $3 to $972.00 per ounce in trading in New York on Friday and silver was up 3 cents to $20.16 per ounce. In Asian trading gold rose to $980.22 but has sold off slightly in early European trading. The London AM Gold Fix at 1030 GMT this morning was at $973.15, £481.52 and €633.03.

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07
Mar
2008

Derivatives = Financial Weapons of Mass Destruction, Buffet likes Gold

Gold Gold was down some 1.1% or $11.10 to $975.00 per ounce in trading in New York yesterday and silver was down some 2.3% or 49 cents to $20.13 per ounce. In Asian trading gold rose to $984.75 but has sold off slightly in early European trading. The London AM Gold Fix at 1030 GMT this morning was at $978.50, £486.14 and €635.18.

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06
Mar
2008

Commercial Shorts Cover – Create a Massive Surge in Gold & Silver Prices

Gold Gold and silver recovered strongly from the previous day’s sell off and gold was up $21.70 to $987.50 per ounce in trading in New York yesterday and silver was up 88 cents to $20.64 per ounce. Gold and silver reached new nominal record and 27 year highs respectively at $992.10 and $21.17. In Asian and European trading, gold has consolidated near record highs and silver has been even stronger. The London AM Gold Fix at 1030 GMT this morning was at $986.25, £494.31 and €643.43.

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05
Mar
2008

Jim Rogers, Soros’ Partner Invests in Gold Coins – Financial Insurance

Gold Gold and silver gave up the previous day’s gains with gold down $15.50 to $964 per ounce in trading in New York yesterday and silver down 32 cents to $19.74 per ounce. No follow through was seen in Asian trading but in European trading, gold and silver have continued to correct. The London AM Gold Fix at 1030 GMT this morning was at $966.25, £488.30 and €636.15.

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04
Mar
2008

Short Squeeze in Metals – Gold Bar & Silver Coin Prices to Soar

Gold Gold was up $10.10 to $980.50 per ounce in trading in New York yesterday and silver was up another 33 cents to $20.06 per ounce (more on silver below). In Asian and early European trading, gold and silver have remained strong and near respective record and 27 year high levels at $988.25 and silver reached $20.70. Gold also strengthened in British pounds and euro to new record highs. The London AM Fix at 1030 GMT this morning was at $981.75, £494.56 and €646.31.

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03
Mar
2008

Gold Investments Market Update

Gold
Gold was up $4.60 to $970.40 per ounce in trading in New York on Friday and silver was up another 9 cents to $19.73 per ounce (more on silver below). In Asian and early European trading, gold rose to a new respective record and 27 year high levels at $984.80 and silver reached $20.17. The monthly close at $970.40 is a new record high monthly close and bullish from a technical perspective. As is silver’s monthly close at 19.73.

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29
Feb
2008

Gold Investments Market Update

Gold
Gold was up $7.10 to $965.80 per ounce in trading in New York yesterday and silver surged another 44 cents to $19.64 per ounce (more on silver below). In Asian and early European trading, gold and silver rose to new respective record and 27 year high levels but have fallen from record highs of $975.75 and $19.92.

Gold strengthened in British pounds and euro to new record highs. The London AM Fix at 1030 GMT this morning was at $969.00, £488.88 and €637.58.

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28
Feb
2008

Gold Investments Market Update

Gold
Gold was up $12.50 to $958.70 per ounce in trading in New York yesterday and silver surged another 54 cents to $19.20 per ounce. In Asian and early European trading, gold and silver remain well bid and have consolidated near these new respective record and 27 year high levels.

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27
Feb
2008

Gold Investments Market Update

Gold
Gold was up $8.70 to $946.10 per ounce in trading in New York on Friday and silver surged 58 cents to $18.66 per ounce. Gold particularly continued to surge in Asian and early European trading.
Gold also surged in British pounds and euro. The London AM Fix at 1030 GMT this morning was at $958.75 and gold fixed at new record highs in most major currencies – at£481.62 and €636.32.

The latest mooted IMF possible gold sale story was rightly treated with disdain by the markets and gold has rallied on the old reliables of surging oil and a sharply falling dollar.

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