05
Sep
2008

Gold Investments Market Update

Gold

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04
Sep
2008

Gold Investments Market Update – Gold Fell Some 50% in Middle of 1970s Bull Market, Prior to Rising 800%

Gold

Gold was flat in New York yesterday despite the increasingly bullish macro environment.

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03
Sep
2008

Gold Investments Market Update – UBS, World’s Largest Gold Trader, Continues to Report Unprecedented International Demand

Gold

Gold fell in early trading in London on further falls in oil prices ($108.24 a barrel – Light Sweet Crude Oil Future – Combined – OCT08) and on the continuing rally in the dollar (reached 1.4386 to the Euro) but gold has recovered some of its early losses.

Concerns regarding the outlook for corporate profits internationally and for the health of the global economy is weighing on stock markets and should lead to safe haven demand for gold as it did in the first year of the credit crisis.

Also

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02
Sep
2008

Gold Investments Market Update – India’s Appetite for Gold is Voracious

Gold

In light Labour Day trading yesterday, gold fell as Hurricane Gustav did not impact the Gulf of Mexico as severely as had been expected.

Gold has continued to fall in trading in London as oil prices have continued their recent slide and are down nearly 5% to near $105 a barrel (Light Sweet Crude Oil Future – Combined – OCT08) and the dollar has risen to a 7 month high against the euro (below $1.45) and the US dollar index has risen to a 10 month high.

International gold demand remains very s

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01
Sep
2008

Gold Investments Market Update – Australian Gold Production Slumped 13% in the Last Quarter to an 18 Year Low

Gold

Gold surged at the open in Asia (from $830/oz to just over $836/oz) but has given up some of the early gains in volatile trade.

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29
Aug
2008

Largest Gold Refinery in the World Runs out of Krugerrands

Shortages of certain bullion products is possibly the most important issue facing the gold and silver markets today.

The sole maker of South African Krugerrands, Rand Refinery Ltd., largest gold refinery in the world, today ran out of the iconic bullion coin after an ‘unusually large’ order from an unnamed buyer in Switzerland.

Rand Refinery has delivered more than 46m blank coins over the years since it opened in 1967.

[caption id="" align="alignleft" width="360" caption="South African Krugerrand"]Continue Reading

29
Aug
2008

Gold Investments Market Update – Bullion Coins and Bars – Availability, Delivery and Premiums

Gold

Gold has flatlined and is marginally higher this morning with the dollar marginally lower and oil marginally higher on continuing concerns about the possible impact of tropical storm Gustav.

Gold has been gradually edging higher for the last two weeks and appears to be ready to rally in the seasonally strong autumn months due to the strong fundamentals.

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28
Aug
2008

Gold Investments Market Update – UBS: “Unprecedented” Physical Demand in Past Three Weeks in Europe, India and Asia

Gold

Dollar weakness, firm oil and continuing tension in the Caucasus are leading to gold remaining well bid this morning. Warnings from NATO to Russia to stay out of Ukraine and calls for the European Union to be ready for “hard headed engagement” with Moscow are not doing much to help confidence in already nervous markets.

Besides increasing geopolitical risk – the risk that mother nature and weather can pose is being felt again.

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27
Aug
2008

Gold Investments Market Update – Hurricane Gustav – Potentially Category 5 Hurricane Like Rita and Katrina

Gold

Gold finished trading in New York yesterday at $822.40, up $3.10 and silver was up 22 cents to $13.58. Gold and silver rallied in Asian and in early European trading this morning.

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26
Aug
2008

Gold Investments Market Update – “End of the Current International Financial System”

Gold

Gold finished trading in New York on Friday at $819.30, down $7.60 and silver was down 14 cents to $13.36. Gold and silver traded sideways in Asian trading prior to a sell off in early European trading this morning. Gold is trading at $811.30/811.70 per ounce (1030 GMT).

Gold has fallen this morning on a sharply stronger dollar on weak European data (rose from above EUR/USD 1.47 to as high as 1.4595 in a matter of minutes) and lower oil prices. The dollar remains near six month highs against the euro.

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