Gold gains for eighth session as ETF holdings rise
Nov, 25, 2009 | MarketWatch
"While gold is overbought in the short term it is behaving like a stubborn mule that refuses to go down," said Daniel Stoke [sic], an analyst at GoldCore, in a note.
"A variety of concerns continue to support gold and these include worries regarding the sustainability of the economic recovery, both in China, the U.S. and in other leading industrial nations, [and] the weakening dollar."
Gold futures edge higher after testing support levels (GoldCore Quoted)
Sep, 30, 2009 | MarketWatch
"The erratic nature of the dollar, at the moment, means that gold may still have its direction dictated by dollar volatility and traders may exploit this and push the limits of gold support in the short term, looking for favorable entry points," said analysts at GoldCore in a note.
Gold Declines as Dollar Rebound From One-Year Low Curbs Demand
Sep, 20, 2009 | Bloomberg.com
Gold fell, cooling a rally that sent prices above $1,000 an ounce this month, as a rebound in the dollar curbed demand for precious metals as a hedge against inflation.
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“With all the talk of ‘green shoots,’ people are beginning to worry about the long-term prospects for inflation,” said Mark O’Byrne, the managing director of broker GoldCore Ltd. in Dublin. “There’s also a worry about debasement of currencies, primarily the dollar.”
Gold futures rise, hit 18-month highs
Sep, 17, 2009 | MarketWatch
"Gold has found its footing in the low $1,000-an-ounce and looks set to launch an assault on the all-time record nominal high," analysts at GoldCore wrote in an email.
GoldCore in Marketwatch
Sep, 15, 2009 | MarketWatch
"Gold is continuing to knock on the $1,000-an-ounce door without making a concerted effort either way to test resistance or support," analysts at Goldcore said in a note.
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"Although there does not seem to be any particular pressure from profit taking, gold needs to push above $1,012 an ounce in the short term and $1,020 an ounce in the longer term for the upward momentum to be regained," according to Goldcore.
GoldCore in Bloomberg
Sep, 15, 2009 | Bloomberg.com
“Gold is continuing to knock on the $1,000 door without making a concerted effort either way to test resistance or support,” GoldCore Ltd., a brokerage in Dublin, said in a note. “Gold needs to push above $1,012 in the short term and $1,020 in the longer term for the upward momentum to be regained.”
RTE Morning Business News
Sep, 08, 2009 | RTE Radio
The price of gold has broken through the significant $1,000 barrier again and it is up nearly 14% this year. Gold prices are linked to the dollar and when the dollar weakens - as it is doing right now - gold tends to rise. The precious metal is looked on as a safe haven for money and this latest surge had been driven by speculators who want to avoid inflation eating up their assets' values.
Steven [sic] Flood is a director of the Goldcore company, which acts as a broker for anyone looking to buy or sell gold. He says the current gold rush may be indicative of the fact that the talk of green shoots of recovery may be a bit premature and says the world economy is still in a contraction phase. He says a lot of economists, bankers and investors are looking towards governments to see
Gold futures edge down, trading just below $1,000-ounce
Sep, 08, 2009 | MarketWatch
"Even though a firmer dollar and a bout of profit-taking pulled gold back from $1,000 an ounce last week, it only retreated as far as $986 an ounce before climbing back to $994 an ounce," wrote analysts at bullion dealers GoldCore. "This is a strong indicator that gold can maintain its bull trend."
Gold approaches $1,000 an ounce
Sep, 03, 2009 | The Financial Times
The gold price has risen to its highest level in six months, as stock markets waver and investors move to hedge their portfolios against inflation.
The metal hit $992 a troy ounce this week. Analysts at GoldCore, the bullion dealers, said they expected investors to take profits once the price hit the psychological mark of $1,000.
Gold Gains Most Since March on Investment Demand; Silver Rises
Sep, 01, 2009 | Bloomberg.com
“A sustained push for that all-important psychological level of $1,000 an ounce, and beyond, on safe-haven demand seems likely in coming weeks,” GoldCore Ltd., a brokerage in Dublin, said today in a note.
The world's most precious precious metal
Aug, 23, 2009 | MoneyWeek
While gold and silver have attracted the attention of some investors of late, there is a metal that is far, far rarer and has fundamentals that merit investment consideration.
While gold and silver have attracted the attention of some investors of late, there is a metal that is far, far rarer and has fundamentals that merit investment consideration. Some consider it the ultimate symbol of wealth - above and beyond gold, silver or platinum - because of its price and very significant rarity.
The metal in question is rhodium. Discovered along with palladium by British chemist and physicist William Wollaston in 1803, rhodium belongs to the platinum group metals (PGM) together with platinum and palladium. Besides being a key component in the car industry, some of rhodium's othe
BBC 5 Live Breakfast Interviews GoldCore’s Stephen Flood
Aug, 19, 2009 | BBC
GoldCore's Stephen Flood was interviewed on BBC Radio 5 live Breakfast on 19 August 2009. Please click on the link below to listen to the interview.
Gold Gains in New York, London as Weaker Dollar Spurs Demand
Aug, 13, 2009 | Bloomberg.com
Gold rose to the highest price this week as the dollar declined, increasing the metal’s appeal as an alternative investment. Silver climbed to a two-month high, and platinum and palladium rose.
The dollar fell for a third day against a basket of six major currencies after a report showed U.S. retail sales unexpectedly fell last month, adding to concern that consumers are unwilling to increase spending. The greenback slid as much as 0.9 percent against the euro after the German economy, Europe’s largest, unexpectedly expanded in the second quarter. Bullion tends to climb when the U.S. currency weakens.
“The dollar is under fire today,” GoldCore Ltd., a brokerage in Dublin, said in a note to clients. “Gold
BBC 5 Live Interview - GoldCore's Mark O'Byrne
Jun, 18, 2009 | BBC
Please click on the link below to listen to GoldCore's director Mark O'Byrne interviewed on BBC 5 Live.
Gold firm aims for 60% sales rise
Jun, 16, 2009 | RTE
Irish-owned gold dealer Gold Investments has re-branded and will now be known as Goldcore.
The company had turnover of €42.3m last year, a 168% increase from 2007, and is targeting another 60% rise this year.
Goldcore says that while investors have been diversifying into gold in recent years, investment in the commodity remains the preserve of a minority of investors.
It says gold bought in August 2007, when first signs of the global financial crisis began to appear, has since risen in value by 41.5%, while the ISEQ has fallen by 66% in the same period.
Goldcore claims many investors were not diversified enough in recent years - investing mainly in property and shares - and that many would be in a far better position had they also invested in ca
Gold comfort for a double-your-money buy
Jun, 16, 2009 | Irish Independent
Anyone who invested €10,000 in buying gold in the past five years would have doubled their money, the country's leading gold bullion dealer said yesterday.
On the other hand, investing the €10,000 in the Irish stock market would have left an investor with just over half their original outlay, according to GoldCore.
Irish-owned gold dealer Gold Investments has rebranded as GoldCore. The company had turnover of €42.3m last year, a 168pc increase from 2007 and is targeting another 60pc rise this year. GoldCore's Stephen Flood said yesterday that while investors had been dive
Time for the Midas Touch
Jun, 05, 2009 | The Financial Times
Javier Blas looks at whether it is the right time to invest in gold. He interviews Stephen Flood of Gold and Silver Investments Ltd.
BLOOMBERG: Buffett Gets ‘Comeuppance’ After Gold Outperforms
Jun, 04, 2009 | Bloomberg.com
Written by Claudia Carpenter
Berkshire Hathaway Inc. Chairman Warren Buffett is getting his “comeuppance” after rejecting gold as an investment four years ago, according to Marc Westlake, head of wealth management at Dublin-based bullion brokerage Gold & Silver Investments Ltd.
The chart of the day shows gold more than doubled since May 2005, while Berkshire Hathaway’s Class A shares gained 6.8 percent. Buffett said at the company’s annual meeting in May 2005 that he wouldn’t get rid of assets for “a hunk of metal which had no real utility other than to people that are fle
Silver Rises to Best Month Since 1987; Gold at Three-Month High
May, 29, 2009 | Bloomberg.com
Silver “is very correlated to gold, but silver does have industrial application that gold doesn’t,” Mark O’Byrne, managing director of brokerage Gold and Silver Investments Ltd. in Dublin, said today by phone. “The ‘green shoots’ story is more positive for silver. It’s a very small market compared to gold. Even small amounts of money coming in can move up the price a lot.”