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

Gold and Silver Chart Analysis January 2023 with Patrick Karim

Gold, Rate Hikes and The Central Bank Illusion?

Top 5 Gold Buyers’ Motives Revealed
Blog posts
China and the US at sovereign debt war
US dollar hegemony has long been a standard feature of the global financial and economic system. But developments in recent years and months (weeks, even) suggests there are more than a handful of countries who are looking to rely less on the US dollar. Instead countries who have long been at the mercy of the […]
What happens if the debt ceiling raises
It’s that time again when the US government has to prepare itself for an internal battle to raise the debt ceiling so it can meet various obligations. This is a merry dance that has been danced before, as we mention below. For sure, every time it happens fewer and fewer people are convinced of the […]
Gold and Silver Chart Analysis January 2023 with Patrick Karim
This week we bring you some silver candlesticks. Sadly not the nice shiny ones your grandmother left you, no these are much more useful. We’re talking about candlesticks on charts and what they can tell us about both the gold and silver price in the coming weeks. Patrick Karim of NorthStarBadCharts.com joined us over on […]
Featured

Gold Helps Me Sleep at Night

The King and Queen will be Gold and Silver

Jim Rogers Interview