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Gold May Advance on Expectations Dollar’s Slide Will Continue
Sunday, November 26th, 2006 Posted in Gold News | No Comments - Leave your comment »Gold may gain for a second week on expectations the dollar will extend its slide against major currencies including the euro, spurring investors to buy the metal as an alternative asset.
Source: Bloomberg
» » Read The Full Story - Gold May Advance on Expectations Dollar’s Slide Will Continue
Gold rockets on weak dollar
Sunday, November 26th, 2006 Posted in Gold News | No Comments - Leave your comment »Spot gold gained as much as $8/oz on Friday as the dollar continued to show weakness against the euro, touching a 19-month low. “Pressure on the dollar has lifted gold,” said James Moore, of TheBullionDesk.com, “[The dollar] will be a key factor in boosting gold prices in the coming sessions, with resistance above pegged at $642-44 once the $630 area is successfully cleared.”
Source: IAfrica
» » Read The Full Story - Gold rockets on weak dollar
International Forecaster November 2006 (#3) - Gold, Silver, Economy + More
Sunday, November 26th, 2006 Posted in Gold News | No Comments - Leave your comment »We finally just received the Friday spot closes. Gold rose $9.80 to close at $637.90 and silver was up $0.39 to $13.40. These are clear breakouts. We’ll pause at $660 to $670, and pause again at $714 to $730. Then it is $850.00 as the dollar challenges 80 on the dollar index.
Source: GoldSeek
» » Read The Full Story - International Forecaster November 2006 (#3) - Gold, Silver, Economy + More
Gold has headroom for another bull run
Tuesday, November 21st, 2006 Posted in Gold News | No Comments - Leave your comment »Going by this equation, gold should sooner or later be trading around $857 per ounce since crude (WTI) is now hovering around $56 a barrel (gold price=crude price x 15.3), while gold is now quoting at $624.10 per ounce, just 10.76 times the price of crude. So, why are gold prices short of their ought-to-be levels?
Source: DNA India
» » Read The Full Story - Gold has headroom for another bull run
Gold Ignores Dollar Strength
Monday, November 20th, 2006 Posted in Gold News | No Comments - Leave your comment »Gold edged higher Monday in thin trading as investors anticipated a softer greenback going forward.
Source: TheStreet
» » Read The Full Story - Gold Ignores Dollar Strength
Gold up on physical buying, weak dollar sentiment
Monday, November 20th, 2006 Posted in Gold News | No Comments - Leave your comment »Gold rose on strong buying from physical players and weak dollar sentiment following losses on Friday, while platinum benefited from strong fund buying in Asia earlier.
Source: Forbes
» » Read The Full Story - Gold up on physical buying, weak dollar sentiment
Gold May Rebound as Dollar’s Slide Spurs Demand for Alternative
Monday, November 20th, 2006 Posted in Gold News | No Comments - Leave your comment »Twenty-one of 32 traders, investors and analysts surveyed by Bloomberg from Sydney to Chicago on Nov. 16 and Nov. 17 advised buying gold …
Source: Bloomberg
» » Read The Full Story - Gold May Rebound as Dollar’s Slide Spurs Demand for Alternative
Gold rises as jewellers buy
Monday, November 20th, 2006 Posted in Gold News | No Comments - Leave your comment »The upside target for gold is $640 and we should reach that level by the end of the year. It may even trade higher than that,” said the dealer, referring to a level last seen in September.
Source: FIN24
» » Read The Full Story - Gold rises as jewellers buy
Jill Leyland, Economic Adviser, World Gold Council
Sunday, November 19th, 2006 Posted in Gold News | No Comments - Leave your comment »We’ve had supply quite tight. I think a nice thing on the supply side is the fact that the central banks seem to be selling less. You may have noticed that the signatories to the Central Bank Gold Agreement, in the second year of the current agreement, which ended on September 26th, actually did not sell up to their ceiling. They sold, on the report figures, about 100 tons below that. And that’s the first year that they haven’t met the ceiling.
Source: MoneyWeb
» » Read The Full Story - Jill Leyland, Economic Adviser, World Gold Council
Reviewing the systemic case for gold investment
Sunday, November 19th, 2006 Posted in Gold News | No Comments - Leave your comment »The twin US deficits threaten to undermine the US dollar within the next two-and-a-half years. Not the argument of a deranged gold bug but the former Federal Reserve Chairman Paul Volcker last week. Another Washington big name Robert Rubin also called for higher taxes to rebalance the budget to save the US dollar.
Source: AMEInfo
» » Read The Full Story - Reviewing the systemic case for gold investment
Back to the gold standard
Sunday, November 19th, 2006 Posted in Gold News | 1 Comment - Leave your comment »Gold is selling for more than US$700 an ounce, up from $258 in 2001 - and this is but one of the many signs of a flight to gold, which has become a worldwide phenomenon. We could yet see a return to the gold standard by the world’s central banks. The main cause? The economic policies of the Bush White House - but this requires a bit of explanation.
Source: AsiaTimes
» » Read The Full Story - Back to the gold standard
Gold Rises in Asia as Lower Prices Lure Buyers, Possibly Funds
Sunday, November 19th, 2006 Posted in Gold News | No Comments - Leave your comment »Gold prices have climbed 21 percent this year as declines in the dollar made the precious metal less expensive for buyers using other currencies.
Source: Bloomberg
» » Read The Full Story - Gold Rises in Asia as Lower Prices Lure Buyers, Possibly Funds
Why the price of gold is set to rise
Saturday, November 18th, 2006 Posted in Gold News | No Comments - Leave your comment »In addition, it is possible Central Bank demand may well rise as senior officials call for an increase in gold reserves to hedge against concerns of a potential decline in the US dollar. According to veteran commentator Richard Russell, Editor of Dow Theory Letters, “he who has the gold, makes the law”. A truism that applies in equal measure to nations as to individuals.
Source: MoneyWeek
» » Read The Full Story - Why the price of gold is set to rise
Gold Bull Seasonals
Saturday, November 18th, 2006 Posted in Gold News | No Comments - Leave your comment »Gold is entering its strongest time of the year seasonally. Beginning in early November and running until early February or so, the winds of probability shift to gold’s stern. This seasonal tailwind, when combined with gold moving up for its own sentiment reasons, can lead to some impressive rallies higher.
Source: GoldSeek
» » Read The Full Story - Gold Bull Seasonals
China will corner the gold market!
Saturday, November 18th, 2006 Posted in Gold News | No Comments - Leave your comment »Over the next few years China is essentially going to corner the world’s gold market. In the process, the price of the precious yellow metal could soar to well over $1,000 per ounce, and eventually to more than $2,000 an ounce.
Source: Money And Markets
» » Read The Full Story - China will corner the gold market!
Broker Cheuvreux Ponders $2,000/oz Gold
Friday, November 17th, 2006 Posted in Gold News | No Comments - Leave your comment »“we also see the possibility of a spike to $2,000 or higher, if the story on diminished central bank gold reserves becomes widely accepted, if central banks in countries with large US dollar holdings compete to buy gold and diversify forex reserves away from dollars, and if the U.S. economy slides into either high rates of inflation or deflation.”
Source: Mineweb
» » Read The Full Story - Broker Cheuvreux Ponders $2,000/oz Gold
Dollar Breakdown to Ignite Gold Market
Friday, November 17th, 2006 Posted in Gold News | No Comments - Leave your comment »… if China invested just 5% of its reserves in gold, it could buy the world’s entire annual mine production. If China decides to take this route, those wild predictions about $2,000 gold could come to fruition in a hurry. Are you still sitting on the sidelines thinking gold is a barbaric relic?
Source: Gold Stock Bull
» » Read The Full Story - Dollar Breakdown to Ignite Gold Market
Weak Data Hit Dollar, Aid Gold
Friday, November 17th, 2006 Posted in Gold News | No Comments - Leave your comment »Poor housing data undermined the dollar Friday, helping gold recover from an underwater start.
Source: TheStreet
» » Read The Full Story - Weak Data Hit Dollar, Aid Gold
Expect further volatility with an upward bias to prices
Friday, November 17th, 2006 Posted in Gold News | No Comments - Leave your comment »“In the near term there is uncertainty surrounding Iraq and the economy, which is positive for gold,” says Carlos Sanchez, a metals market analyst at CPM Group, a New York-based specialty consulting firm. “Expect further volatility with an upward bias to prices.”
Source: TheStreet
» » Read The Full Story - Expect further volatility with an upward bias to prices
