07
Aug
2008

Gold Investments Market Update – Gold Up 31% in First Year of Credit Crisis

Gold

Gold finished trading in New York yesterday at $874.40, down $4.50 and silver was down 11 cents to $16.46. Gold has again recovered somewhat in Asian and early European trading and is trading at $883.00/883.40 per ounce (1058 GMT).

The credit crisis continues as evidenced in the world’s largest insurer, American International Group, reporting a quarterly loss of $5.36bn with profits wiped out by further mortgage related writedowns.

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06
Aug
2008

Gold Investments Market Update – Federal Reserve Statement Warns of Stagflation

Gold

Gold finished trading in New York yesterday at $878.90, down $20.50 and silver was down 56 cents to $16.57. Gold has recovered somewhat in Asian and early European trading and is trading at $885.20/885.70 per ounce (1200 GMT).

With commodities and oil falling again yesterday, gold continued its recent poor performance. Gold suffered technical damage yesterday with a close below the 200 day moving average at $887/oz. A weekly close below $887/oz would be even more damaging.

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05
Aug
2008

Gold Investments Market Update – Gold’s Traditional July/August Seasonal Low

Gold

Gold finished trading in New York yesterday at $899.20, down $9.10 and silver was down 37 cents to $17.13. Gold continued to sell off in Asia and in early European trading.

Gold has sold off on oil’s steep falls and with sharp falls in many other commodity markets.

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01
Aug
2008

Gold Investments Market Update – Greenspan’s Issues “Once in a Century Crisis” Warning

Gold

Gold finished trading in New York yesterday at $913.70, up $10.70 and silver was up 37 cents to $17.72. Gold surged on the COMEX open after initial jobless claims rose sharply to their highest level in 5 years. Gold subsequently gradually sold off and the slow sell off continued in electronic trading and in Asian and early European trading.

Gold’s weakness is likely due to continuing weakness in oil and commodity markets with the Reuters-Jefferies CRB Index having experienced its largest monthly drop in 28 years.

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31
Jul
2008

Gold Investments Market Update – Sir John Major and John Williams Say True Inflation at Some 10% in UK and US

Gold

Gold finished trading in New York yesterday at $903.00, down $14.00 but silver was up 5 cents to $17.35. After sharp falls in early trading in the COMEX yesterday (some of which was due to large stop loss sell orders being triggered around the $900 mark) gold rose to close only down some 1.5% on the day. Silver in similar volatile trading surged from interday lows to close higher.

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30
Jul
2008

Gold Investments Market Update – Never Catch a Falling Knife

Gold

Gold finished trading in New York yesterday at $917.00, down $10.70 and silver was down 10 cents to $17.30. Gold rose slightly in Asian trading before falling.

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30
Jul
2008

Only the fittest SMEs will survive the coming recession

its a cutthroat world out thereSmall to medium enterprises are the life blood of modern economies. In Ireland for example, up to 56% of the national workforce is employed in by Small to Medium Enterprises, that is to say companies that employ less the 250 employees and would include local industries and mom and pop business outfits. From the United States to Germany and beyond small to medium enterprises are responsible for a large component a countries transactions, employment, provision of goods and services and general day to day activities and are critical to the health of any economy. Given the increasingly uncertain economic climate critical questions must be asked – How can these critical and indigenous industries survive a rapid economic contraction – can they react to a swift fall off in demand for goods and services; do they have the management skills and Management Information Systems to not only recognise the problems but be able to formulate a cohesive response; how robust are their finances; how flexible are their employees? Concerns are growing that with the economic success enjoyed by many countries over the past ten years we have inadvertently created a weak and desperately soft underbelly – That is to say we have forgotten how to manage our business competently. Many small businesses have grown lazy and despondent and lack the management skills needed to properly navigate their business through difficult times.

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30
Jul
2008

The ‘lalalalalalalalalala’ Effect

Hear no evilBrowsing through digg this morning I notice an article titled 9 ways you can take advantage of this “terrible” economy.It’s currently riding high in the digg popularity stakes with just shy of 1000 diggs.

It is, I think, a great example of what I choose to call The lalalalalalalalalala Effect – named after the sound one must make

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29
Jul
2008

Gold Investments Market Update – Financial and Economic Crisis Deepening as House Prices Continue to Fall

Gold

Gold finished trading in New York yesterday at $927.70, up $1.30 and silver was up 8 cents to $17.40. Gold rose slightly in Asian trading before falling.

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28
Jul
2008

Gold Investments Market Update – Option Markets Point to $1,200 Gold in the Coming Months

Gold

Gold finished trading in New York on Friday at $928.40, up $6.00 and silver was up 12 cents to $17.34.

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