Gold Core

Gold Investments Market Update - Citigroup Says Gold Above $2000/oz Next Year as World Unravels

Published by Mark O’Byrne under Market Updates |

Both gold and silver fell slightly yesterday as the dollar and stock markets rallied on renewed increasing risk appetite. Euro gold and British pound gold remained near record highs of €628 and £532.

Gold has traded sideways in Asian and early European trading despite the horrendous terrorist attacks in India.

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Gold Investments Market Update - Gold up 10% in Euro and 26% in Pounds in 2008

Published by Mark O’Byrne under Market Updates |

Gold was largely unchanged yesterday after rallying to as high as $830 and has traded sideways in Asian and early European trading.

Open interest levels in gold and silver on the COMEX have fallen to extremely low levels showing that nearly all the speculative froth has been liquidated and remaining longs are "strong hands".

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Gold Investments Market Update - Gold Smashes through Resistance

Published by Mark O’Byrne under Market Updates |

Gold gains 6% in one week

In a remarkable week for the yellow metal, strong resistance at $770 last Monday may now be the level of support as Gold rallied on Friday, finishing up $50 on the day, 6% on the week.

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The Bailout Squared (Comic)

Published by Edward Murphy under Economics | Whimsy |

Or is that Bailout to the power of Bailout?

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Jim Rogers: The dollar is a flawed currency

Published by Edward Murphy under Articles of Interest | Economics |

Excerpts from The Financial Times' View from the Markets online interview with Jim Rogers:

FT: It’s a year since we last interviewed you.

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Gold Investments Market Update - The Citi "Supermarket" Says a Lot Must Go

Published by killian.mchale@nexus451.com under Market Updates |

Citigroup to cut 52,000 jobs

Vikram Pandit, the Chief Executive of Citigroup announced yesterday that in a bid to revive their ailing share price, a massive 52,000 jobs would be cut. That's 1 in every 7 employees and slash costs by $10bn. Citi shares have lost more than 75% of their value over the past year and suffered over $50bn in writedowns and credit provisions. An analyst likened Citigroup to a super tanker; turning it around takes a long time.

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Gold Investments Market Update - Will Obama Play Nice with the G20?

Published by killian.mchale@nexus451.com under Market Updates |

G20 Summit

The G20 leaders showed a united front as they pledged to shore up global growth, introduce regulatory reform in a relatively short timeframe and avoid protectionism. However, the timeframe for resolution of these reforms is as soon as March 31st. Success will hinge on the new US Administration's willingness to take big decisions, a mere 2 months after taking office.

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Gold Investments Market Update - Rollercoaster Markets Continue

Published by stephen.flood under Market Updates |

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.

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Gold Investments Market Update - Goldman Sachs Plummets - Bodes Ill for Wall Street and US Financial System

Published by Mark O’Byrne under Market Updates |

Gold and silver were up another 2% yesterday as bargain hunters continue to bottom feed.

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