19
Mar
2008

Gold Investments Market Update

Gold
Gold was up $2.20 to $1003 per ounce in trading in New York yesterday while silver was down 30 cents to $19.89 per ounce. In illiquid electronic trading after the Federal Reserve cut interest rates by 75 basis points, very counterintuitively gold fell in value by nearly 2%. With gold already up by more than 19% so far this year (some 10 weeks), consolidation is healthy and to be expected.

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18
Mar
2008

Paralysed by fear

It is becoming clear that investors are currently paralysed by fear and finding it difficult to make rational decisions in the face of unprecedented turmoil in international markets. In this article, I will attempt to explore some of the issues that investors should be considering in the light of recent market volatility as shown below:

Index

Year to Date Return

31/12/07 to 14/03/08

 

Local Currency %

Euro %

US S&P 500

-12.3

-18.2

Europe FT/S&P Europe ex UK

-16.5

-16.5

Ireland ISEQ

-13.5

-13.5

UK FTSE 100

-12.8

-16.9

Japan Topix

-19.1

-15.5

Hong Kong Hang Seng

-20.1

-25.3

Bonds Merrill Lynch Euro over 5 year Govt

3.3

3.3

Credit Suisse/Tremont Hedge Fund Index

0.1%

0.1%

     

Index Linked Bonds

Euro Index Linked Fund

3.74

3.74

Source: Bloomberg

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18
Mar
2008

Gold Investments Market Update

Gold
Gold was up $2.10 to $1000.80 per ounce in trading in New York yesterday while silver was down 25 cents to $20.36 per ounce. Gold surged on the open in Asia yesterday and reached a new record high ($1030.80 per ounce). Subsequently, with U.S. stock markets miraculously recovering, gold succumbed to profit taking and ended the day only slightly higher.

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11
Mar
2008

“Look out, there’s a big pie coming at your face.”

The Recession IndexIt was obvious to any casual observer that debate about whether the US was in, or approaching a recession, was increasing.
According to a January article in The Economist “[in] recent opinion polls, almost six out of ten Americans believe the country is already in a recession.”

And the media are increasingly willing to confront the situation head on.

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10
Mar
2008

Gold Investments Market Update

Gold
Gold was down $3 to $972.00 per ounce in trading in New York on Friday and silver was up 3 cents to $20.16 per ounce. In Asian trading gold rose to $980.22 but has sold off slightly in early European trading. The London AM Gold Fix at 1030 GMT this morning was at $973.15, £481.52 and €633.03.

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07
Mar
2008

Derivatives = Financial Weapons of Mass Destruction, Buffet likes Gold

Gold Gold was down some 1.1% or $11.10 to $975.00 per ounce in trading in New York yesterday and silver was down some 2.3% or 49 cents to $20.13 per ounce. In Asian trading gold rose to $984.75 but has sold off slightly in early European trading. The London AM Gold Fix at 1030 GMT this morning was at $978.50, £486.14 and €635.18.

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06
Mar
2008

Commercial Shorts Cover – Create a Massive Surge in Gold & Silver Prices

Gold Gold and silver recovered strongly from the previous day’s sell off and gold was up $21.70 to $987.50 per ounce in trading in New York yesterday and silver was up 88 cents to $20.64 per ounce. Gold and silver reached new nominal record and 27 year highs respectively at $992.10 and $21.17. In Asian and European trading, gold has consolidated near record highs and silver has been even stronger. The London AM Gold Fix at 1030 GMT this morning was at $986.25, £494.31 and €643.43.

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05
Mar
2008

Jim Rogers, Soros’ Partner Invests in Gold Coins – Financial Insurance

Gold Gold and silver gave up the previous day’s gains with gold down $15.50 to $964 per ounce in trading in New York yesterday and silver down 32 cents to $19.74 per ounce. No follow through was seen in Asian trading but in European trading, gold and silver have continued to correct. The London AM Gold Fix at 1030 GMT this morning was at $966.25, £488.30 and €636.15.

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04
Mar
2008

Short Squeeze in Metals – Gold Bar & Silver Coin Prices to Soar

Gold Gold was up $10.10 to $980.50 per ounce in trading in New York yesterday and silver was up another 33 cents to $20.06 per ounce (more on silver below). In Asian and early European trading, gold and silver have remained strong and near respective record and 27 year high levels at $988.25 and silver reached $20.70. Gold also strengthened in British pounds and euro to new record highs. The London AM Fix at 1030 GMT this morning was at $981.75, £494.56 and €646.31.

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03
Mar
2008

Gold Investments in Bloomberg: Commentary and Survey

Bloomberg published an article by Millie Munshi and Pham-Duy Nguyen quoting Mark O’Byrne of Gold Investments.

Gold Beats Financial Assets as Investors Seek Haven

‘At least 95 percent of the new buyers have kept their money in the bullion, Mark O’Byrne, Gold & Silver’s executive director, said in an interview on Feb. 26.

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