GoldCore News

GoldCore Update: Central Bank Bidding War for Gold?

Gold Gold has rallied to new record nominal highs (in dollars, euros and pounds) and is currently trading at $1,176.40/oz, £705/oz and €784/oz respectively. New levels of resistance and support are $1,186/oz and $1,158.43/oz.

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GoldCore Update: Gold Prices Move Higher in a World of Paper Currencies and Paper Promises

Gold Gold has maintained last week’s and yesterday’s gain and is currently trading near record nominal highs at $1,166/oz, £705/oz and €781/oz. New levels of resistance and support are $1,175/oz and $1,152/oz.

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GoldCore Update: Gold Surges to Record Nominal Highs in USD and EUR; $1,200/oz Soon?

Gold Gold has rallied to new record nominal highs in dollars with geopolitical concerns about Iran escalating and the dollar falling again. Possibly of more importance are increasing concerns about the unprecedented and huge public debt levels in large industrialised nations and the as of yet remote possibility of sovereign default (there are concerns that sovereign default could, like subprime, be the catalyst for the next stage in the global financial crisis).

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GoldCore Update: Gold and Silver Set For Parabolic Move Like 1970s?

Gold

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A Minskian roadmap to the next gold mania

Selected highlights of the latest  ‘Popular Delusions’ note from Société Générale’s Dylan Grice:

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GoldCore Update: Gold Back Near Record Nominal Highs in EUR and GBP

Gold Gold reached new record nominal highs in dollars yesterday and reached $1,146/oz overnight and has since pulled back slightly. Gold is currently trading at $1,136/oz. In EUR and GBP terms it is trading at €764/oz and £680/oz respectively.

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GoldCore Update: Gold’s New Record Nominal High – Yet Most of Investing Public and Media Remain Uninformed and Negative

Gold Gold reached a new record nominal high again this morning at $1,148/oz and is currently trading at $1,146/oz. In EUR and GBP terms gold has risen to €767/oz and £680/oz respectively.

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GoldCore Update: Gold to Target $1,200/oz by Year End on Central Bank Diversification?

Gold Gold touched an all time high again yesterday at $1,141/oz, closing 2% higher on last Friday’s close. Gold is currently trading at $1,132/oz and is higher again in euro and GBP terms - trading at €761/oz and £673/oz respectively.

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GoldCore Update: Central Banks to Be Net Buyers: Risk Rises – Gold Rises

Gold has made a determined break to the upside this morning trading as high as $1,133/oz.  In the last 52 weeks gold has now risen 52.13% in dollar terms and 31% in euro terms.

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GoldCore Update: Vietnam Gets the Gold Bug

Gold Gold pulled back from its record nominal high of $1,123/oz yesterday, as a stronger dollar initiated a bout of profit taking. It is currently trading at $1,108/oz. In the short term, a first stop for support should be sought at $1,098/oz and a resistance of $1119/oz.

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GoldCore Update: Gold Consolidates at $1,100 as UK Credit Rating Under Review

Gold Gold is currently trading at $1,102/oz. In EUR and GBP terms gold is trading at €735/oz and £661/oz respectively.

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GoldCore Update: Gold at $1,100 – Dollar Demise, Quantitative Easing, Inflation Pressures, Take Your Pick!

Gold Gold has experienced yet another strong opening this morning and ventures deeper into unchartered territory. Currently trading at $1,109/oz - $14 higher than its closing last Friday - at this price gold sets a new all time high in USD terms. In EUR and GBP terms gold is trading at €739/oz and £658/oz respectively.

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GoldCore Update: Gold closes in on $1,100 as market waits for US Employment Report

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GoldCore Update: Gold’s New Record Price Over $1,093/oz – $1,200/oz By Year End?

Gold Gold rose to new record highs yesterday and again this morning above $1,093/oz in what appears to have been continuing reaction to the news that Indian central bank had bought 200 tonnes of gold from the IMF . Gold has also surged in euro and pound terms.

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GoldCore Update: ECB Sees Gold as Important Asset and India Buys 403 Tonnes of IMF Gold

Gold Gold is continuing its strong upward run and is currently trading at $1.061.40/oz. In EUR and GBP terms, gold has risen again and is trading at €720/oz and £650/oz respectively.

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GoldCore Update: G20 Finance Ministers Meeting and LBMA Precious Metals Conference in Scotland

Gold Gold has experienced a strong opening this morning and is currently trading at $1.052/oz, $8 higher than its close on Friday. In EUR and GBP terms, gold has risen and is trading at €712/oz and £643/oz respectively.

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Paul Tudor Jones ♥ Gold

Gold bugs of the world, unite! You have nothing to lose but your exposure to fiat currencies. Or so says leading hedgie and Wall Street throw back Paul Tudor Jones, who in his latest missive to investors has gone soft at the knees for the yellow metal: "I have never been a gold bug. It is just an asset that, like everything else in life, has is time and place. And now is that time." Rousing stuff indeed.

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GoldCore Update: Tudor Jones Joins Soros, Rogers, Einhorn and Paulson as Long Term Gold Bull

Gold Gold is trading at $1.043/oz and traded in a $22 range over the last 24 hours, hitting a low of $1,026/oz yesterday morning. Gold then rallied strongly and closed at $1,046.40/oz and has maintained yesterday’s gains in Asian and European trading. Some of the short term frothy excess has been removed from the market and the selloff has seen physical buyers in India return to buying for the wedding season.

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GoldCore Update: Gold Entering Traditionally Strong Period of November and December

Gold Gold is trading at $1.033/oz and touched $1,026/oz in overnight trading. Gold fell again yesterday and continues to consolidate above the $1,000 level.

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GoldCore Update: Record Amount of US Debt Ever Sold in One Week ($153B)

Gold Gold closed trading at $1,037.20/oz. In euro and GBP terms gold is trading at €700/oz and £634/oz. Gold’s short term frothiness after sharp gains has led to profit taking and an expected correction back down to previous resistance at the $1,030/oz level.

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