18
Apr
2008

Bernanke buys Bear Stearns traders’ Maseratis

Jim Rogers was his usual outspoken self when interviewed on Bloomberg’s Morning Call.

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17
Apr
2008

Gold Investments Market Update

Gold
Gold is up in Asian trading and London trading this morning. Gold was up $17.80 to $945.10 per ounce in trading in New York yesterday and silver was up 54 cents to $18.31 per ounce. The London AM Gold Fix at 1030 GMT this morning was at $951.50, £481.04 and €595.88 (from $932.75, £472.40 and £586.27 yesterday).

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16
Apr
2008

Gold Investments Market Update

Gold
Gold is up in London this morning. Gold was up $2.60 to $927.80 per ounce in trading in New York yesterday and silver was up 2 cents to $17.79 per ounce. The London AM Gold Fix at 1030 GMT this morning was at $932.75, £472.40 and £586.27 (from $931.75, £473.55 and €588.30 yesterday).

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15
Apr
2008

Cramer is not-so-Mad About (paper) Money

Cramer is an over-the-top wind bag who I would not trust with a ten foot barge pole (he uses sound effects!) but he is observed and followed by many on Wall Street and his recommendations will lead to increasing speculative and investment demand and his prediction of gold over $1,650 per ounce is conservative.

He does make the interesting point, however, that when the IMF talks about selling gold it is really buying paper currency; “and I don’t want to stock up on paper currency right now.”

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15
Apr
2008

Gold Investments Market Update

Gold
Gold is up in London and is up in early trading in New York this morning. Gold was up $1.80 to $925.40 per ounce in trading in New York yesterday and silver was up 10 cents to $17.77 per ounce. The London AM Gold Fix at 1030 GMT this morning was at $931.75, £473.55 and €588.30 (from $917.75, £464.80 and €580.854 yesterday).

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15
Apr
2008

Investment Tips for the Meltdown (comic)

matt bors comic

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10
Apr
2008

Understanding Risk

Psychological research shows that people are systematically biased in their assessments of future
events; not only will the future be good, it will be especially good for oneself in particular.

All investors should have an understanding of risk based on an analysis of both their capacity for risk and their willingness to accept risk.

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10
Apr
2008

Gold Investments Market Update

Gold
Gold is up in early trading in London this morning. Gold was up $30 to $934 per ounce in trading in New York yesterday and silver was up 50 cents to $18.18 per ounce. The London AM Gold Fix at 1030 GMT this morning was at $934.25, £471.08 and €587.95 (from $906.75, £460.40 and €576.56 yesterday).

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09
Apr
2008

Why IMF gold sales won’t affect the gold price

Excuse our cynicism, but shouldn’t this story be dead already?IMF Gold Bullion

The IMF, which has the worlds third largest holdings of gold bullion, has announced yet again plans to sell some of their gold holdings. As we reported before, in our Feb 29th Gold Market Update:

Our belief that the latest International Monetary gold proposal story was more spin than reality is seen in the fact that the IMF said on Thursday that no timetable has been set for the sale of a limited portion – about 12.9 million ounces (403.3 tonnes) – of the IMF’s gold stocks of 103.4 million ounces. The news was not widely reported unlike the previous ‘news’. In a background paper, the IMF said if the gold was sold on the market, as opposed to off-market transactions, the sales would be phased over time to avoid market disruptions, as recommended by an independent panel.

Factsheet – Gold in the IMF : http://www.imf.org/external/np/exr/facts/gold.htm

What is more interesting here, is not the obvious rehashing of an old story, but the changing spin it is given this time around.

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09
Apr
2008

Gold Investments Market Update

Gold
Gold is down some 1% in early trading in London this morning. Gold was down $11.10 to $914.00 per ounce in trading in New York yesterday and silver was down 41 cents to $17.68 per ounce. The London AM Gold Fix at 1030 GMT this morning was at $906.75, £460.40 and €576.56 (from $921.00, £465.95, €584.65 yesterday).

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