The terrible pile-up on the world’s financial highway has left us all in shock. We check to see if our fingers move. We look in the rear-view mirror to see if there is blood on our face. And then we crawl out of the car.
February 24th, 2009 | Bill Bonner | 1 comment | ContinuedAll Posts Tagged With: "gold prices"
Gold Standard: The Long-Run Value
“Gold-backed money retained its real value for 350 years in the United States and Great Britain. It’s only just clawed back to that level for investors today…” BY THE TIME the War of the Spanish Succession was finished in 1715, the French King – who admitted that he “loved war too much” – owed the equivalent of £300 million. Across the Channel, Great Britain owed only £49 million. Which might have looked a little like financial victory…
February 4th, 2009 | Adrian Ash | 49 comments | Continued
Gold, the Aussie Dollar, the Greenback and You
What is the influence of the Aussie dollar/US dollar exchange rate fluctuations on gold and what does it mean for Aussie investors? That is the question this article will answer…
February 3rd, 2009 | Gabriel Andre | 14 comments | Continued
Gold Reaches One Month Low
Good news everyone. Gold has reached a one-month low. In fact, February gold futures on Comex fell the most in six weeks. They tumbled four percent on the day, down US$34. This is very good news. It means you will have a chance to buy gold at lower prices before it goes up higher later this year. Much higher, in fact, according to the 2009 forecast made by Diggers and Drillers editor Al Robinson…
January 13th, 2009 | Dan Denning | 11 comments | Continued
Gold Price Outlook – the Long and Short of it
Gold prices have been all over the place lately…but Ed Bugos points out, below, that the outlook for both long and short term is bullish, but you will need to have some patience…
January 9th, 2009 | Ed Bugos | 0 comments | Continued
Gold Demand Looks Bullish As Dust Settles
The late November rally in gold prices wasn’t quite as spectacular as mid-September’s gain, but it was still impressive. There was good follow-through too, though the momentum softened as bulls knocked on resistance near $850. The rally was a no-brainer. There is a strong line of support at $700, which was resistance during 2006 and the first half of 2007. Moreover, the market was, and is, oversold…
December 5th, 2008 | Ed Bugos | 1 comment | Continued
Revisiting the Gold/Oil Ratio
If you’re wondering what the inter-market relationship is between gold and oil, hold the thought. It’s a good question. And the brief answer is that oil and gold both tell you things about what’s going on in the economy (oil goes up with rising GDP, gold up when the USD is weak). The long answer would take longer than either of us has today. So what is the chart telling us now?
December 5th, 2008 | Dan Denning | 7 comments | Continued
Prices of Gold in the Top 10 World Currencies
After failing to breach $930, this collapse marked the third step lower from March’s all-time high of $1,032. And from a technical perspective, the Gold Chart looks horrible – recording lower lows and lower highs for the last six months and more. Right? Well, fact is, the action has actually been greatly muted if we allow for the shocking volatility in gold’s No.1 competitor for “safe haven” funds, the almighty US Dollar. Read on…
October 30th, 2008 | Adrian Ash | 5 comments | Continued
Gold Bulls Are Popping With Enthusiasm About the Post-FOMC Recovery in Gold Prices
Ben won’t be there long, anyway, especially if he mucks this up. Maybe the new administration will replace him. Then he could write a book debunking gold bug myths about the Federal Reserve System, such as the one about how the Fed is “the engine of inflation.” Anyway, the markets, overall, are performing as expected.
July 18th, 2008 | Ed Bugos | 0 comments | Continued
Today’s Current Gold Price
Big institutional players in the New York futures market slashed their bullish betting on Gold in the week to June 10th. Data from the CFTC – the US regulator – shows a net reduction of 11% in the long gold positions held by what it calls “large speculators”. And this “reduction in the gross longs maybe a further sign that gold is losing its attraction,” reckon analysts at the Swiss banking and wealth management giant…
June 19th, 2008 | Adrian Ash | 0 comments | Continued
Inflation Up… Gold Up… Oil up… Dollar up… Dollar down…
You can’t got to bed these days without waking up to higher prices for everything. Crude futures in New York hit nearly US$130 overnight, and now everyone is wondering what’s next. US$150? US$200. Even our fish is wondering. He darted back and forth acrosss the tank this morning as we both watched the overnight report from New York on TV.
May 21st, 2008 | Dan Denning | 2 comments | Continued
Why Choose Gold When Real Interest Rates Sink?
You can link the historic surge in gold prices starting mid-August 2007 to many apparently disparate things. Pick the right link, and you might be able to tell whether it’s worth you buying or holding gold today. One such link is the price of money, as decided by the US Federal Reserve. Gold’s stellar 58% gain in the seven months starting 18th August began with the Fed’s first change to US interest rates in 18 months…
April 16th, 2008 | Adrian Ash | 2 comments | Continued
The Real Gold Bull Market is About to Stand Up
Let’s consider what the Federal Reserve is doing for the trend in gold prices – a trend, I am loathe to inform you, which it is not fighting. Let me sum it up: the trajectory of this bull trend shifted north when Bernanke took the helm of the Federal Reserve System, and that the policies pursued by the Bernanke Fed have confirmed the investment thesis driving the bull market in gold. As one pundit recently noted during a Bloomberg interview, “You gotta go with the inflation theme… it’s the only thing still working.”
March 14th, 2008 | Ed Bugos | 1 comment | Continued
