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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17
Nov
2008

Gold Investments Market Update – Will Obama Play Nice with the G20?

G20 Summit

The G20 leaders showed a united front as they pledged to shore up global growth, introduce regulatory reform in a relatively short timeframe and avoid protectionism. However, the timeframe for resolution of these reforms is as soon as March 31st. Success will hinge on the new US Administration’s willingness to take big decisions, a mere 2 months after taking office.

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14
Nov
2008

Gold Investments Market Update – What Will the G20 Agree?

Crude oil briefly dipped below $55 a barrel yesterday for the first time in 22 months prompted by reports, warning that demand will be significantly weaker in 2009 due to the global economic downturn.

Despite this, Gold gained slightly on the news that Chinese investors’ demand had surged in the first nine months of 2008. Gold is currently trading at $728 after closing in New York on Wednesday at $710.30.

In wealth preservation terms, Gold is still doing an admirable job.

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