03
Feb
2009

Gold Investments Market Update – As January Goes So Goes 2009?

Gold continues to consolidate near recent highs despite profit taking falls.

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30
Jan
2009

Gold Investments Market Update – Gold Surges – Federal Reserve Balance Sheet Explodes

Gold rose by just over 1% yesterday to over $900/oz as renewed risk aversion saw stock and bond markets come under pressure. Gold subsequently traded sideways in Asia prior to another strong rally at 0800 GMT when gold surged from $901/oz to $926/oz in the hour. It has since given up some of those gains but remains above $920/oz. Demand remains very high internationally for ETFs, gold certificates and bullion coins and bars.

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30
Jan
2009

Global recession – where did all the money go?

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28
Jan
2009

Commodity ETFs –do they make sense for retail investors?

Retail investors may be considering making investments into commodities through Exchange Traded Funds (ETFs) yet in our experience, they may lack a full understanding of the potential hidden costs associated with these investment vehicles.

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28
Jan
2009

Gold Investments Market Update – Gold Reserves Should Not Be Sold by German Central Bank – German Finance Minister

Gold traded sideways in Asia overnight but has fallen in early European trading. Increasing risk appetite has seen equities rally again and this is likely leading to profit taking in the gold market. With gold having increased by some $100, more than 12% in less than 10 trading days and some will be taking profits. The market may look for guidance from the FOMC rate decision and OTC option expiry later today. The outcome of the FOMC policy meeting takes centre stage today and the committee is widely expected to leave rates unchanged at 0-0.25%.

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27
Jan
2009

Gold Investments Market Update – Gold Rising Due to Macroeconomic, Financial and Counterparty Risk

After last week’s strong gains, gold continued to surge in all currencies yesterday reaching new record highs in euro and pounds sterling. Prices remained firm in early trading in Asia prior to giving up some of yesterday’s gains. The convincing technical close well above previous resistance should see gold (and silver) soon embark on the next leg up in their secular bull markets. Resistance for gold was at $880/oz and this may well become support.

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26
Jan
2009

Gold Investments Market Update – Gold Surges 6% in USD in Week; New Record Highs in GBP (over 655/oz) and EUR (over 700/oz) This

Gold has consolidated on the strong gains seen last week of 6.43% rise in the week (silver +6.6%). Gold fell initially in Asia to $890/oz before rising sharply in early trading in Europe to over $907/oz. Much of the technical damage done in recent weeks has been overcome and gold is again looking bullish from a technical and fundamental viewpoint. But it needs a daily or better a weekly close above the recent October high of $925/oz if it is to again surpass last year’s record high of over $1,000/oz.

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22
Jan
2009

Gold Investments Market Update – Spectre of Weimar Germany and Hyperinflation Raises Ugly Head

Gold fell slightly yesterday consolidating on the sharp gains of the inauguration day. Gold rose some $10.00 to $865.00 by early trade in London before falling in Europe and early trading in the US, but it then rallied back higher in afternoon trade and ended with a loss of just 0.40%. Silver traded similarly but as has been the case recently, outperformed gold by rising over 1%. Markets await US data today including Building Permits for December, Housing Starts and Initial Jobless Claims which are not expected to cheer the markets and should lead to further safe haven demand for gold.

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21
Jan
2009

Gold Investments Market Update – Gold Surges to New Record Highs in British Pounds

Gold rose strongly on the inauguration of the 44th President, President Obama, yesterday – rising some 2% in dollar terms. It subsequently gave up some of those gains in Asia prior to rallying again in early European trading to over $860/oz. And gold’s strength came despite a very strong dollar yesterday. Importantly, this meant that gold surged in euro and to new record highs in British pounds at £624.85/oz This morning’s London AM fix (21/01/09) was $860.50 (USD), £624.59 (GBP) and €666.02 (EUR).

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20
Jan
2009

The World Issues a Sigh of Relief – (Frank Caliendo Bush Impression)

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