GoldCore News

Gold Gold has traded sideways to slightly down in Asian and early trading in London this morning. Gold was down 30 cents to $948.80 per ounce in trading in New York yesterday while silver was up 17 cents to $18.49 per ounce. The London AM Gold Fix at 1030 GMT this morning was at $944.50, £473.05 €598.28 (from $948.25, £470.60 and €600.31 yesterday). Thus, while gold was slightly down in euro and dollars it was stronger in pounds with the pound weakening on the deteriorating UK outlook (more below).

Jim Grant, founder and editor of the highly respected Grants Interest Rate Observer and one of the world's leading experts on US and international interest rates and financial markets appeared on Bloomberg's "Taking Stock" on Tuesday, March 24.

Gold Gold rose in Asian trading and after an initial sell off in early trading in London this morning, it has again rallied to over $949.00. Gold was up $14.30 to $949.10 per ounce in trading in New York yesterday while silver was up 62 cents to $18.32 per ounce. The London AM Gold Fix at 1030 GMT this morning was at $948.25, £470.60 and €600.31 (from $945.75 £473.68 and €602.01 yesterday).

Gold Gold was up $16.50 to $934.80 per ounce in trading in New York yesterday while silver was up 70 cents to $17.70 per ounce (see more on silver shortages below). Gold has rallied in Asian trading and again in trading in London this morning. The London AM Gold Fix at 1030 GMT was at $945.75 £473.68 and €602.01 (from $930.65, £467.24 and €598.57 yesterday).

Ron Paul appeared on CNBC's Kudlow & Company last week; making his case to abolish the Federal Reserve and work back towards the gold standard: Michelle Cabrera shouldn't sound so incredulous, didn't Jim Rogers appear on CNBC just recently saying the same thing? Int

Gold Gold was down $2.30 to $918.30 per ounce in trading in New York yesterday while silver was up 12 cents to $17.07 per ounce. Gold has rallied in Asian trading and again in trading in London this morning. The London AM Gold Fix at 1030 GMT this morning was at $930.65, £467.24 and €598.57 (from $913.50, £461.60 and €591.15 last Thursday).

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.

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

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.

It 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.

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.

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.

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.

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.

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.

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.

Gold Gold was up $4.60 to $970.40 per ounce in trading in New York on Friday and silver was up another 9 cents to $19.73 per ounce (more on silver below). In Asian and early European trading, gold rose to a new respective record and 27 year high levels at $984.80 and silver reached $20.17. The monthly close at $970.40 is a new record high monthly close and bullish from a technical perspective. As is silver’s monthly close at 19.73.

Gold Gold was up $7.10 to $965.80 per ounce in trading in New York yesterday and silver surged another 44 cents to $19.64 per ounce (more on silver below). In Asian and early European trading, gold and silver rose to new respective record and 27 year high levels but have fallen from record highs of $975.75 and $19.92. Gold strengthened in British pounds and euro to new record highs. The London AM Fix at 1030 GMT this morning was at $969.00, £488.88 and €637.58.

Presidential Candidate Ron Paul in his role as member of the House Banking Committee got a chance to question Federal Reserve Chairman Ben Bernanke on the current state of the economy. 'Helicopter' Ben, as he is known in some quarters due to a reference he made in a speech to a statement made by Milton Friedman about using a "helicopter drop" of money into the economy to fight deflation, could be said to be at the opposite end of the monetary spectrum to Ron 'Gold' Paul (interestingly in the same speech Bernanke noted that "people know that inflation erodes the real value of the government's

“Too much money chasing too few goods” – a basic, monetarist definition of inflation. In the long run, inflation is generally believed to be a monetary phenomenon, i.e. it is attributed to growth in the supply of money. While in the short and medium term it is influenced by the relative elasticity of wages, prices and interest rates. The question of whether the short-term effects last long enough to be important is the central topic of debate between the Monetarist and Keynesian schools.