It is a historic day for the world with the inauguration of the 44th President of the United States of America. Gold has rallied by more than 2% despite continuing dollar strength and oil having collapsed 7% to just over $34 per barrel (Light Sweet Crude Oil Future – Combined – FEB09 : -7.6%) . While the dollar is up on hopes that President Obama can turn around the ailing US and indeed the global economy, stock markets internationally are under pressure again today with increasing concerns regarding the international banking and financial system. Obama’s has been left an unholy mess by his predecessors in both the Clinton White House and more especially by the irresponsible foreign policy, fiscal and economic policies of the Bush administration. We wrote about these challenges upon his election (http://blog.goldassets.co.uk/2008/11/05/gold-investments-market-update-president-obama-inherits-great-challenge-akin-to-carter-in-1976-and-roosevelt-in-1932/) and unfortunately the situation has worsened considerably even since then. The great hope is that Obama’s stimulus packages will lessen the effect of the deflationary slump. But unfortunately, the job creating elements of the stimulus packages will take months to come to fruition and the crisis is far more immediate than that.
Gold Investments Market Update – Gold Surges on Obama’s Inauguration Day – Concerns regarding Asset Backed Derivatives and ETFs
Videos

Patrick Karim, Charts and Gold’s Next Breakout

Gold Down $100? This Really Shouldn’t Be A Surprise

Expect $2,500 – $3,000 Gold In Next 12 Months
Blog posts
Gold, a seasonal rally and the future of money
Happy Thanksgiving to all of our readers. For anyone celebrating we hope you have a wonderful day and we thank you for your support this past year. Big news this week – gold hit $2,030 in intra-day trading on Tue, it didn’t hang on but it did close the day with a hefty $20 gain […]
Gold Pops as Credit Crunch Looms
The double figure pop up in gold on Tuesday was more to do with weakening of the US dollar, than rampant gold demand itself. The significant drop in the fiat currency was largely thanks to the release of October’s CPI report. Echoing that of the previous month, the report showed weaker growth and lower than […]
Patrick Karim, Charts and Gold’s Next Breakout
I have heard it said that technical analysis is “Astrology for Men”, the inference being that it’s got about as much use as arguing something will happen to the markets because the stars say it will. Keen to dispel this myth, I decided to chat with chart expert Patrick Karim so we could explain exactly […]
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Gold Helps Me Sleep at Night

The King and Queen will be Gold and Silver

Jim Rogers Interview