What Caused Golds Record Leap?

Rumours and facts combined caused gold to leap to a record high of $1043.50 an ounce yesterday quickly followed by hitting $1048 in today’s early European trading before falling back to $1041 at 13.25 Central European Time.

Gold – Buy The Dip Today!

Gold has dropped $20 in a day and $30 in ten days. Not quite the mother of all dips but substantial nevertheless.

Gold Miners Profits Disappoint

The fact is that gold miners as a whole have disappointed, and now we know why. Miners operating outside the United States have suffered from the falling dollar against their local currency when paying their tax bills, licences, habitat restoring costs, local wages etc.

The falling exchange rate has meant that while some miners have turned in record operating margins, their net profit margins have been dramatically reduced because of foreign exchange losses.

How To Get Into Gold On The Cheap

As we move into the later months of the year with the vacations behind us and volumes increasing we expect to see gold move out of the summer doldrums and push on upwards. Our conclusion is that we are now presented with another opportunity to get into gold on the cheap.

Conflicting Messages From Gold Chart Analysts

Conflicting messages are coming from the gold chart readers camp as analysts ply their trade in the hope that their choice of time frame, over bought, over sold, head and shoulders, reverse head and shoulders, triangular patterns, fibonacci, MacD etc. and the myriad of other mostly lagging indicators will guide them and their followers to bumper profits.

How To Profit From The Gold/Silver Ratio

In the last week the gold/silver ratio has gone from above 71 to around 68, still historically high and this opens up opportunities to trade silver profitably.

Gold Players Favour The Short Term

Spot gold started off the week a little over $910 an ounce and rose to $941 before settling down in the $936-938 range on Thursday and at Fridays mid morning European trading.

There were signs earlier in the week that fears of inflation were taking centre stage but that seems to have retreated to the back burner as gold players continue to favour the short-term game.

Gold Drops To $929, Is This Just The Summer Doldrums?

Spot gold dropped sharply to $929 an ounce for a very brief period in European mid morning trading today. The question facing gold and silver market players is whether the last two weeks of gold trading in the $930-$940 range is simply a continuation of the metals historical summer doldrums or are there other factors that may be detrimental to the continuance of the long term bull trend that originated in 2005.

Gold Buyers at the Last Chance Saloon

Thanks to the Chinese gold buyers are now at the ‘Last Chance’ saloon to get into the metal before the price at under a $1000 an ounce becomes a distant memory.
Mr Timothy Geithner, Secretary of the Treasury returned from China with that country’s assurances of faith in the dollar was the prime reason for the stall in gold’s advance.

A Way To Buy Into Gold Through Miners

With the gold and silver prices looking stronger by the day and with every prospect of spot gold at last breaching the $1000 a troy ounce that has proved so elusive after two attempts in the last twelve months, it is time to consider the miners of these metals as a way to buy gold for some big profits.

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