09
Feb
2009

Gold Investments Market Update – Silver Surges but Remains Undervalued Vis-à-Vis Gold

Gold fell some 1.5% last week as investors took profits with gold having been up some 10% in the previous three 3 weeks. But the short and medium term prospects look sound in the light of strong fundamentals and some important indicators – silver was up by another 4.2% last week and the gold mining indices were also higher (XAU +4.6% and HUI +2.3%). The mining indices are often a leading indicator and silver usually underperforms gold in the early stages of rallies and outperforms in the latter.

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06
Feb
2009

Gold Investments Market Update – Money Printing and Debasement on an Unprecedented Scale While Gold Mining Supply is Falling Significantly

Gold remains firm as there is increasing nervousness about the global economy and indeed nervousness about the global monetary system and this is leading to continuing strong investment demand. Gold remains at or near record highs in nearly all major currencies ($914.00 £622.11 €713.06) and looks set to regain its nominal record high of $1,030/oz in the coming weeks. UBS joined Goldman Sachs and Merrill Lynch in drastically increasing their gold price forecasts yesterday.

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05
Feb
2009

The Financial Times: The charges laid against us

The following is an excerpt from John Kay’s new book ‘The Long and the Short of It: Finance and Investment for Normally Intelligent People who are not in the Industry’ as published in the Financial Times Personal Finance section:

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05
Feb
2009

Gold Investments Market Update – Goldman Sachs Sees Gold at $1,000/oz in 3 Months

With stock and bond markets under renewed pressure, gold remains very well bid and is up some 0.6% in early trading in Europe. Goldman Sachs have increased their forecast for gold from the previously very low $700/oz to over $1,000/oz in the next three months due to “rising investor demand for safe haven assets”.

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04
Feb
2009

Gold Investments Market Update – European Central Bank (ECB) Members Increased their Gold Holdings in January – Physical Demand for Gold Remains High

Gold has recovered somewhat from the 1.5% loss yesterday to close at $890.60 (as did silver which was down 0.6%) and rose 1% in after hours and is trading at just below $900/oz in late morning trading in Europe.

While stock markets have had a relief rally on a return of risk appetite, the US bond market was again under pressure as was the dollar.

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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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