Gold Gold was down $18.20 to $874.70 per ounce in trading in New York yesterday and silver was down 45 cents to $16.57 per ounce. The London AM Gold Fix at 1030 GMT this morning was at $867.75 £440.77 and €557.72 (from $886.00, £447.50 and €569.23).
29 April, 2008
Max Keiser: Why You Shouldn't Spend Your Stimulus Check
It might not be morning again in America but Bush hopes to wake up the economy via his Economic Stimulus Act of 2008. The stimulant – pumping more than $152 billion (or about 1% GDP) into the economy via tax rebate cheques - will start arriving in the mailboxes of Americans over the next three weeks.
The plans proponents are optimistic. Hank Paulson, in a speech confirming that no second stimulus plan would be undertak
29 April, 2008
Gold Investments Market Update
Gold Gold was up $5.70 to $892.90 per ounce in trading in New York yesterday and silver was up 17 cents to $17.02 per ounce. The London AM Gold Fix at 1030 GMT this morning was at $886.00, £447.50 and €569.23 (from $892.25, £449.04 and €569.36).
Gold is again under pressure in early trading this morning with the dollar continuing to strengthen (to 1.556 to the euro) and oil continuing to sell off (below $118 per barrel) but caution remains the predominant theme ahead of the Federal Reserve’s interest rate decision (more below).
25 April, 2008
U.S. housing collapse spreads overseas
"We know we're already in negative equity," said Emma Linnane, a 31-year-old university administrator. She bought a cozy, one-bedroom apartment in the Dublin suburbs with her fiancé, Paul Colgan, in May 2006, at the peak of the market. They paid €365,000, or $575,000
25 April, 2008
Gold Investments Market Update
Gold Gold was down $19.40 to $886.80 per ounce in trading in New York yesterday and silver was down 50 cents to $16.66 per ounce. The London AM Gold Fix at 1030 GMT this morning was at $883.50, £446.51 and €566.38 (from $900.75 £455.85 and €572.09 yesterday).
Gold again fell below short term support at $900 and we are now retesting support at the early April lows of $870. We expect strong support at these levels but there is a possibility that should gold close below $880 we could retest previous resistance at the 1980 nominal high of $850 per ounce. It i
24 April, 2008
Gold Investments Market Update
Gold Gold broke down from its range bound channel yesterday and quickly fell to support at $895-$900 as anticipated. Should gold fall below $900 we could again retest the support of the early April lows of $880. We expect strong support at these levels but there is a possibility that should gold close below $880 we could retest previous resistance at the 1980 nominal high of $850 per ounce.
23 April, 2008
Gold Investments Market Update
Gold Gold remains in lockdown and is range bound in a narrow channel between $910 and $926. A close above or below this channel will likely see gold test support at $880 or challenge resistance at $950 (see Technical Analysis below).
Gold was up $7.40 to $922.10 per ounce in trading in New York yesterday and silver was up 27 cents to $17.61 per ounce. The London AM Gold Fix at 1030 GMT this morning was at $916.25, £459.50 and €573.95 (from $920.75, £464.21 and €576.98 yesterday).
22 April, 2008
Gold Investments Market Update
Gold Gold is up to $920 per ounce in London this morning. Gold was up $2.50 to $914.70 per ounce in trading in New York yesterday and silver was down 46 cents to $17.34 per ounce. The London AM Gold Fix at 1030 GMT this morning was at $920.75, £464.21 and €576.98 (from $915.75, £461.64 and €577.40 yesterday).
18 April, 2008
Bernanke buys Bear Stearns traders' Maseratis
Jim Rogers was his usual outspoken self when interviewed on Bloomberg's Morning Call.
17 April, 2008
Gold Investments Market Update
Gold Gold is up in Asian trading and London trading this morning. Gold was up $17.80 to $945.10 per ounce in trading in New York yesterday and silver was up 54 cents to $18.31 per ounce. The London AM Gold Fix at 1030 GMT this morning was at $951.50, £481.04 and €595.88 (from $932.75, £472.40 and £586.27 yesterday).
16 April, 2008
Gold Investments Market Update
Gold Gold is up in London this morning. Gold was up $2.60 to $927.80 per ounce in trading in New York yesterday and silver was up 2 cents to $17.79 per ounce. The London AM Gold Fix at 1030 GMT this morning was at $932.75, £472.40 and £586.27 (from $931.75, £473.55 and €588.30 yesterday).
15 April, 2008
Cramer is not-so-Mad About (paper) Money
Cramer is an over-the-top wind bag who I would not trust with a ten foot barge pole (he uses sound effects!) but he is observed and followed by many on Wall Street and his recommendations will lead to increasing speculative and investment demand and his prediction of gold over $1,650 per ounce is conservative.
He does make the interesting point, however, that when the IMF talks about selling gold it is really buying paper currency; "and I don't want to stock up on paper currency right now."
15 April, 2008
Gold Investments Market Update
Gold Gold is up in London and is up in early trading in New York this morning. Gold was up $1.80 to $925.40 per ounce in trading in New York yesterday and silver was up 10 cents to $17.77 per ounce. The London AM Gold Fix at 1030 GMT this morning was at $931.75, £473.55 and €588.30 (from $917.75, £464.80 and €580.854 yesterday).
10 April, 2008
Understanding Risk
Psychological research shows that people are systematically biased in their assessments of future events; not only will the future be good, it will be especially good for oneself in particular.
All investors should have an understanding of risk based on an analysis of both their capacity for risk and their willingness to accept risk.
10 April, 2008
Gold Investments Market Update
Gold Gold is up in early trading in London this morning. Gold was up $30 to $934 per ounce in trading in New York yesterday and silver was up 50 cents to $18.18 per ounce. The London AM Gold Fix at 1030 GMT this morning was at $934.25, £471.08 and €587.95 (from $906.75, £460.40 and €576.56 yesterday).
9 April, 2008
Gold Investments Market Update
Gold Gold is down some 1% in early trading in London this morning. Gold was down $11.10 to $914.00 per ounce in trading in New York yesterday and silver was down 41 cents to $17.68 per ounce. The London AM Gold Fix at 1030 GMT this morning was at $906.75, £460.40 and €576.56 (from $921.00, £465.95, €584.65 yesterday).
9 April, 2008
Why IMF gold sales won't affect the gold price
Excuse our cynicism, but shouldn't this story be dead already?
The IMF, which has the worlds third largest holdings of gold bullion, has announced yet again plans to sell some of their gold holdings. As we reported before, in our Feb 29th Gold Market Update: Our belief that the latest International Monetary gold prop
8 April, 2008
Gold Investments Market Update
Gold Gold is down slightly in early trading in London this morning. Gold was up $13.80 to $923.10 per ounce in trading in New York Friday and silver was up 38 cents to $18.09 per ounce. The London AM Gold Fix at 1030 GMT this morning was at $921.00, £465.95 €584.65 (from $914.70, £460.27 and €582.17 yesterday.
2 April, 2008
Gold Investments Market Update
Gold Gold is up in Asian and early trading in London this morning. Gold was down a further $33.30 to $882.90 per ounce in trading in New York yesterday while silver was down 31 cents to $16.85 per ounce. The London AM Gold Fix at 1030 GMT this morning was at $893.50, £450.47 €571.04 (from $897.00, £453.90 and €572.32 yesterday).
