03
Mar
2009

Gold Investments Market Update

Asian stock markets followed their US counterparts in falling overnight and after an initial rally in Europe, indices are again under pressure (especially the FTSE which is down another 1.8%).

Gold has fallen as well but not by as much as most equity indices. While US indices were down between 4% and 5% yesterday, gold was only down by $3.00 to $938.80/oz.

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03
Mar
2009

$35 Silver in 2 Years

Here is a Yahoo video where TSC’s Debra Borchardt takes a look at the silver market and where it might go.

Everyone agrees that gold is on a long term rally with occasional pullbacks; but what about silver?

 

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02
Mar
2009

Gold Investments Market Update – Oracle of Omaha Warns of “Onslaught of Inflation”

Gold rose sharply in Asia and was up by more than $10 per ounce before trading even commenced on the TOCOM – it rose from $941.60/oz to nearly $960/oz but has given up some of those gains in early trading in London and is now trading back at $950/oz.

Gold and silver fell over 5% and 9% last week after surging in the previous weeks and remain up nearly 8% and 17% so far in 2009. In the short term anything can happen in all of these markets and volatility remains very high in all markets. Correction and consolidation was expected and warned of.

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27
Feb
2009

Gold Investments Market Update – Gold at $1,200/oz Likely as Central Bank Supply Dwindles on Fear of Contagion

Gold’s correction continues and it has fallen for four days in a row now but the long term fundamentals remain very sound.

Bargain hunters are likely to reemerge at these levels which should be supportive.

Gold remains up more than 7% so far this year (in dollar terms as per table and much more in euro and sterling) and continues to significantly outperform battered stock markets.

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25
Feb
2009

Gold Investments Market Update – Gold Production in South Africa Plummets 13.6% to Levels Last Seen in 1922

Gold fell yesterday on profit taking and ended the day down 2.3% at $969.25/oz (silver fell by 3.1% to $13.98/oz).

A short term correction was expected and warned of and this correction was necessary after gold becoming overbought in the short term. Gold had rallied over $100 (from $890/oz on February 9th to just over $1,000/oz on February 20th) or some 12% in less than two weeks.

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24
Feb
2009

Gold Investments Market Update – Gold To Remain in Bull Market Until Interest Rates Rise Significantly

Gold and silver remained resilient yesterday (gold slightly lower; silver slightly higher) despite the continual wave of mini tsunamis shaking the global economy.

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23
Feb
2009

Gold Investments Market Update – Dow/Gold Ratio of 1:1 or 2:1 in Coming Years?

Gold has given up some of last’s weeks very large gains and is down 0.6% after Asian and early European trading. With gold up some 13% so far in 2009, some correction and consolidation may be necessary prior to overcoming resistance at $1,000/oz.

The inverse correlation between stock markets and precious metals was seen again last week as gold and silver surged by over 6% while most major stock markets were down by some 6% (S&P 500 was down by 6.8%).

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20
Feb
2009

Gold Investments Market Update – No “Gold Rush” or “Gold Fever” Despite the International Financial System being Close to Collapse

Gold has rallied strongly again this morning and is up 1.5% at $990/oz after consolidating around the $975/oz mark yesterday. Stock markets are under severe pressure again this morning after yesterday’s 7 year low close for the Dow Jones.

There is a risk here of a panic sell off in stock markets and the next leg down in the stock bear market looks imminent as the ills of the global financial system virulently infect the global economy.

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18
Feb
2009

Gold Investments Market Update – Russian Central Bank, Asian and International Demand Push Gold Towards $1,000/oz Again

Increasing fears of a global recession and possibly even a depression, saw gold rise another 3.2% (silver was up 4.5%) on increasing international safe haven demand. Markets participants are realizing that while sharp deflation is the challenge today, in a few months we may be confronted with an even greater challenge in the form of stagflation and possibly even mild hyperinflation.

The World Gold Council have reported that demand for gold rose 29% in the last year.

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17
Feb
2009

Gold Investments Market Update – Gold Set to Surge Past Record Nominal High Over $1,000/oz Again on Very Significant International Demand

After another strong week last week (both gold and silver were up some 3%) despite falling stock markets, gold continues its outperformance of other asset classes due to safe haven demand.

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