Published in Market Updates 


Gold Investments Market Update - Citigroup Report: Gold Holders "Mellow" for Years; Holders of Other Asset Classes Increasingly "Yellow"

Gold and silver were flat yesterday and have remained unchanged in Asian and early European trading. Gold is set for a fourth straight week of gains on safe haven demand and on the likelihood of further dollar declines with further reductions in U.S. and international interest rates and further quantitative easing next month.

Euro gold and British pound gold remained firm at €633 and £529 after recent gains.


Published in Market Updates 


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

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.


Published in Economics  Gold 


Is the Great Bear Bullish on Gold?

On the foot of recent reports that China is planning to diversify some of its massive foreign exchange reserves into gold, The Central Bank of the Russian Federation has released its latest


Published in Market Updates 


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

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".


Published in Market Updates 


Gold Investments Market Update - Gold and Stocks Rally for Different Reasons

Gold has given up some of yesterday's and the last four days' gains. Profit taking seems the most likely explanation as the dollar remains largely flat but the weakness in oil may be contributing to gold's weakness. Continuing unprecedented volatility in markets is leading to further safe haven demand.


Published in Market Updates 


Gold Investments Market Update - Gold Smashes through Resistance

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.


Published in Market Updates 


Gold Investments Market Update - Gold Shows Its Mettle

Gold maintains its safe haven status

In an increasingly risk averse environment and in the wake of tumbling commodity markets, gold is maintaining a bid, albeit in a tight trading range with strong resistance at $777 , confirming its status as a safe haven asset. Gold is currently trading at $755 (12:15GMT).


Published in Economics  Whimsy 


The Bailout Squared (Comic)

 

Or is that Bailout to the power of Bailout?

 


Published in Articles of Interest  Economics 


Jim Rogers: The dollar is a flawed currency

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

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


Published in Market Updates 


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

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.


Published in Commentary  Economics  Gold 


Obama's Golden Opportunity – Return to Gold Standard

The Washington Times's Lawrence Hunter wrote last week that U.S. President-elect Barack Obama has an opportunity to reset the economy and restore the U.S. dollar to its preeminence as the world's reserve currency by reestablishing the gold standard.


Published in Market Updates 


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

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.


Published in Market Updates 


Gold Investments Market Update - What Will the G20 Agree?

Crude oil briefly dipped below $55 a barrel yesterday for the first time in 22 months prompted by reports, warning that demand will be significantly weaker in 2009 due to the global economic downturn.

Despite this, Gold gained slightly on the news that Chinese investors' demand had surged in the first nine months of 2008. Gold is currently trading at $728 after closing in New York on Wednesday at $710.30.

In wealth preservation terms, Gold is still doing an admirable job


Published in Market Updates 


Gold Investments Market Update - Rollercoaster Markets Continue

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.


Published in Gold  Gold  History  History  silver  Silver 


In 2004, GoldCore Clearly Warned about Property and Stock Bubbles, and the Importance of Diversifying into Gold

Since 2003, GoldCore (then called 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 warned about property and stock bubbles, and the importance of diversifying into gold - http://web.archive.org/web/20040324071856/http://www.gold.ie/

Our home page warned investors and savers as seen in this section:


Published in Market Updates 


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

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


Published in Economics  Video 


I.O.U.S.A.: Byte-Sized - The 30 Minute Version

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.


Published in Market Updates 


Gold Investments Market Update - Massive Government Bailouts and Stimulus Packages to Be Confronted by Hostile Bond Markets?

Gold rose 2.1% last week and is up another 2% in Asian and early European trading.