26
Nov
2008

Gold Investments Market Update – Gold up 10% in Euro and 26% in Pounds in 2008

Gold was largely unchanged yesterday after rallying to as high as $830 and has traded sideways in Asian and early European trading.

Open interest levels in gold and silver on the COMEX have fallen to extremely low levels showing that nearly all the speculative froth has been liquidated and remaining longs are “strong hands”.

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25
Nov
2008

Gold Investments Market Update – Gold and Stocks Rally for Different Reasons

Gold has given up some of yesterday’s and the last four days’ gains. Profit taking seems the most likely explanation as the dollar remains largely flat but the weakness in oil may be contributing to gold’s weakness. Continuing unprecedented volatility in markets is leading to further safe haven demand.

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24
Nov
2008

Gold Investments Market Update – Gold Smashes through Resistance

Gold gains 6% in one week

In a remarkable week for the yellow metal, strong resistance at $770 last Monday may now be the level of support as Gold rallied on Friday, finishing up $50 on the day, 6% on the week.

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21
Nov
2008

The Bailout Squared (Comic)

Or is that Bailout to the power of Bailout?

 

Or is that Bailout to the power of Bailout?

 

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21
Nov
2008

Gold Investments Market Update – Gold Shows Its Mettle

Gold maintains its safe haven status

In an increasingly risk averse environment and in the wake of tumbling commodity markets, gold is maintaining a bid, albeit in a tight trading range with strong resistance at $777 , confirming its status as a safe haven asset. Gold is currently trading at $755 (12:15GMT).

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20
Nov
2008

Gold Investments Market Update – China Announces Possible Diversification into Gold

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20
Nov
2008

Jim Rogers: The dollar is a flawed currency

Excerpts from The Financial Times’ View from the Markets online interview with Jim Rogers:

FT: It’s a year since we last interviewed you.

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19
Nov
2008

Gold Investments Market Update – Car Manufacturers Dull Platinum’s Shine

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18
Nov
2008

Gold Investments Market Update – The Citi “Supermarket” Says a Lot Must Go

Citigroup to cut 52,000 jobs

Vikram Pandit, the Chief Executive of Citigroup announced yesterday that in a bid to revive their ailing share price, a massive 52,000 jobs would be cut. That’s 1 in every 7 employees and slash costs by $10bn. Citi shares have lost more than 75% of their value over the past year and suffered over $50bn in writedowns and credit provisions. An analyst likened Citigroup to a super tanker; turning it around takes a long time.

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17
Nov
2008

Obama’s Golden Opportunity – Return to Gold Standard

The Washington Times’s Lawrence Hunter wrote last week that U.S. President-elect Barack Obama has an opportunity to reset the economy and restore the U.S. dollar to its preeminence as the world’s reserve currency by reestablishing the gold standard.

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