12 November, 2008
Since 2003, Gold Investments has clearly warned of property and stock market bubbles internationally, the risks in sharp falls in these markets and the importance of diversifying into gold.
This is our homepage from early 2004 when we clearly warned re property and stock bubbles and the importance of diversifying into gold - http://web.archive.org/web/20040324071856/http://www.gold.ie/
Our home page clearly warned investors and savers as seen in this section:
12 November, 2008
The great global deleveraging continues. In a world that has become addicted to debt fuelled growth, the idea that readily available credit may no longer be available, has scared many into facing the truth; credit is not free and should never have been priced as such. Over the past few weeks markets have continue to sell off, outlook for production and consumption are all bearish and thus oil continues its volatile ride losing $2 overnight to its current level of $58 a barrel.
11 November, 2008
I.O.U.S.A. is a documentary film released earlier this year, and nominated for the Grand Jury Prize at the 2008 Sundance Film Festival. The film focuses on the shape and impact of the United States national debt and features Robert Bixby, director of the Concord Coalition, and David Walker, the current U.S.
11 November, 2008
Gold and silver were up another 2% yesterday as bargain hunters continue to bottom feed.
10 November, 2008
Gold rose 2.1% last week and is up another 2% in Asian and early European trading.
7 November, 2008
Gold continues to consolidate between $700/oz and $760/oz and looks set to rechallenge $800/oz in the coming days as safe haven buying reemerges on continuing concerns regarding the global financial system and economy.
Gold was down marginally yesterday (some 1%).
6 November, 2008
Gold gave up some of the Election Day gains yesterday on profit taking due to sharply lower oil (WTI $Dec down $5.23 to $65.30) and commodity prices (the CRB Commodities Index fell 10.25 to 267.97) on fears of significant demand destruction due to a protracted global recession.
5 November, 2008
Gold and silver both surged some 4% yesterday from oversold levels as the dollar weakened and oil surged. We said some weeks ago that the recent sell off in precious metals was likely to end around election day and believe that this has indeed happened and that gold will resume its secular bull market in the coming weeks.
4 November, 2008
ARROYO GRANDE, Calif. (via MarketWatch) -- A record 130 million voters are predicted to head to the polls Tuesday. The bad news: 65 million, roughly 50% of all voters, will be miffed, mad at, angry with, even hate the new president ... no matter who wins! Half against Obama, half against McCain. Eith
4 November, 2008
Gold was up marginally yesterday despite further strength in the dollar and a further sharp fall in the oil price.
3 November, 2008
Gold and silver have risen in Asian and early trading in Europe today. Last week saw gold fall some 1.4% while silver rose 4.9%. The performance of the precious metal mining shares may be an indication that we are at or near a low in this sell off as the HUI and XAU mining indices were up sharply last week - up 14.4% and 14.95% respectively. They tend to be a leading indicator of a trend reversal in the precious metals.
Similarly the reversal in the dollar's recent strength and stabilisation of oil in the mid to high $60s could also signify that we are close to lows.
31 October, 2008
Gold continues to surprise to the downside on the COMEX and the futures markets in spite of huge physical demand, increasing supply issues and surging premiums on bullion products.
Speculative paper players using huge leverage continue to exit positions for the relative safety of cash due to margin calls on other bets and some investment banks continue to short gold despite the incredibly strong fundamentals for bullion itself.
31 October, 2008
Rollover is the story of faded Hollywood siren Jane Fonda who inherits a multi-million dollar company after her powerful bank president husband is murdered. While trying to find her dead love's killer, she runs his corporation with the help of charming banker Kris Kristofferson in the weeks before a worldwide currency and financial collapse.
It was the 1981 movie Jane Fonda "got made" after her exploration of the d
30 October, 2008
Seeking Alpha has an interesting article regarding Silver Bullion premiums, though this is at the moment somewhat irrelevant since the market for 100oz bars is nearly non-existent.
30 October, 2008
Gold rose nearly 2% yesterday as the Federal Reserve decreased the fed funds rate by 50 basis points to 1.00%. Other central banks internationally are also slashing interest rates and there is increasing speculation that the Bank of England and the ECB may cut interest rates aggressively as early as this week and possibly even today in an effort to prevent international financial contagion causing a sharp global recession.
NB Please note that our Performance Table is in euros (EUR) today.
29 October, 2008
Gold continues to tread water after its recent sharp falls and there are very determined sellers in the futures market at the $740 to $750/oz level.
The Gartman Letter, expressing some respect for gold's relative performance, points out that there "...
28 October, 2008
After rising yesterday, gold is up some 1.5% again today and has continued to consolidate in the $700/oz to $760/oz range. Further consolidation is likely necessary after the sharp fall in recent days.
Bearish sentiment towards gold remains at extremely high levels with the usual uninformed suspects calling for further falls in the gold price.
24 October, 2008
It was déjà vu in the Comex gold market yesterday as the recent sharp selloff continued. Bearish sentiment remains at extreme levels and all notions of fundamental value are being thrown out the window as the financial crisis morphs into a global economic crisis. Stock, commodity and many currency markets internationally are in meltdown on panic selling.
Both gold and silver are off another 4.3% and 8% today on massive deleveraging and wholesale panic selling in financial markets.
23 October, 2008
COMEX gold's recent sharp selloff has continued and even the most ardent gold bulls are getting nervous. Bearish sentiment is very prominent and the level of fear in the precious metal markets suggests that a low is likely in the coming days.
