12
Sep
2008

Gold Investments Market Update – Dollar Very Overbought – Gold Very Oversold

Gold

Gold was down again yesterday and fell to new 11 month lows at $742. Gold recovered in afterhours electronic trading and in Asian and early European trading today it has risen to over $755/oz. The dollar has fallen from recent highs against the euro of 1.3879 to less than 1.41 and oil has risen again on fears that Hurricane Ike may do more damage than expected to oil production facilities in the Gulf of Mexico.

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10
Sep
2008

Gold Investments Market Update – Strong Bearish Sentiment to Gold Bodes Well

Gold

Gold’s sell off continued yesterday and despite mounting concerns about the health of the U.S. financial system, gold has fallen to 11 month lows. After closing below recent support at $780, gold continued to fall in afterhours electronic trading before a slight recovery in Asian and early European trading.

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09
Sep
2008

Gold Investments Market Update – Gold Remains Taboo in Most Financial and Economic Commentary

Gold

After initial falls, gold has rallied in morning trade in London as the dollar has given up some of its recent sharp gains. Gold’s rise comes despite the further fall in oil prices but gold remains firmly in its recent narrow range between $780 and $840.

The disconnect between the leveraged futures market and the physical bullion market continues with many wholesalers and retailers finding it hard to source and supply bullion coins and bars in the US and internationally.

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08
Sep
2008

Gold Investments Market Update – Nationalisation of Fannie and Freddie is Bearish for US Dollar, US Stocks and Economy

Gold

Gold surged at the open in Asia with news of the de facto nationalisation of the US’ mortgage giants in what amounts to the largest bailout in world financial history. It has since given up some of these gains in early trading in Europe due to more counter intuitive dollar strength which looks increasingly overbought.

Gold and silver remain very oversold, especially after last week’s fall in prices. Both are now screaming buys on value terms. Silver particularly so – however it has suffered significant damage technically and may fall further in the short term.

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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