25
Sep
2008

Gold Investments Market Update – Physical Demand Surges Internationally on Supply/Demand Fundamentals and Macroeconomic, Inflation and Systemic Risk

Physical Demand Surges Internationally on Supply/Demand Fundamentals and Macroeconomic, Inflation and Systemic Risk

Gold was flat while silver rose yesterday (gold closed at $887.70 up 90 cents while silver closed at $13.37 up 25 cents) as gold continued to consolidate near eight week highs. The COMEX October gold contract expires later today and there are significant levels of open interest between $890 and $910 which may see bullion constrained until the contract expires whereupon we may see further moves to the upside.

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25
Sep
2008

‘Hitler’s Gold Grab’

This fascinating, frightening and compelling video details the plundering of Austrian, Czech, Polish and other national gold reserves and the theft of German and european citizen’s (especially the Jews) gold for the Reichsbank.

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Gold was moved to a secret potassium mine in Merkers in Thuringia in the very heart of Germany.

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24
Sep
2008

Gold Investments Market Update – Gold’s Fundamentals Stronger Than They Have Ever Been

Gold’s Fundamentals Stronger Than They Have Ever Been Gold and silver fell yesterday (both by about 2% ) on profit taking before rallying again in after hours trading and then falling in Asia.

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23
Sep
2008

Gold Investments Market Update – Prospect of $1 Trillion US Annual Budget Deficit – Precious Metals Surge

Prospect of $1 Trillion US Annual Budget Deficit – Precious Metals Surge

Gold and silver surged again yesterday (up 5% and nearly 8% respectively) as the serious inflationary consequences of the Treasury’s unprecedented plan to buy up at least $700 billion of toxic assets was realised. Gold surged from $861.40 to close over $900/oz but has since given up some of its gains, likely on profit taking.

22
Sep
2008

Gold Investments Market Update

“Ponzi” Casino Capitalism Discredited – Risk of Global Monetary Crisis

Gold and silver surged last week (up 13% and 15% respectively) as the financial crisis deepened considerably and there was a realisation that the “ponzi” casino capitalism of recent years has critically wounded the US financial system and done serious damage to the global financial system.

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22
Sep
2008

Max Keiser: “It’s not worth the paper it is printed on.”

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22
Sep
2008

Forget stocks, gold is back!

Gold & Silver Investments very own David Russell appeared on CNN on Friday:

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18
Sep
2008

Gold Investments Market Update – Gold Surges 8.9% in New York – Largest One Day Gain Ever

Gold

Gold and silver surged yesterday with gold up $69.30 to $847.30/oz and silver up $1.11 to $11.59/oz.

Gold surged by 8.9% to $847.30 (silver +10.6%) at the close in New York and continued to surge in electronic trading to over $870/oz. Asian trading saw the surge continue and gold traded as high as $893/oz. Gold subsequently fell prior to rising to some $870/oz as markets began trading in London. These are unprecedented movements and gold rose from a low of $780 to a high of $893 or more than 14% in less than 24 hours.

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17
Sep
2008

$4 billion in one year – A representation of Wall Streets ‘Annus horribilis’

The New York Times have an interesting interactive diagram showing the losses that Wall St. have sustained over the last year*. As techcrunch put it:

The collapse of so many major financial institutions in the past year, and over the past few days especially, is hard to fathom in its enormity. Sometimes you need a good visual to put things in perspective.

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17
Sep
2008

Gold Investments Market Update – AIG Fears Cause Trading to Halt in ETFs

Gold

Gold fell slightly yesterday down $3.60 to $778.40 but silver had sharper falls and was down 54 cents to $11.02. Gold has again traded sideways in Asian trading but has risen in early European trading to $780/oz

Gold’s wealth preservation qualities are being felt with the precious metal remaining resilient despite volatility and sharp sell offs in many other markets. Gold is only marginally negative (some -1%) in the last month despite sharp falls in the majority of stock markets.

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