Gold Bulls – Are They In Retreat?

In the second week of January spot gold traded at a high of just over $1160 an ounce. Today, Feb 1st., less than three weeks later we are looking at early European trade of $1080, which is about as low as it has been this year. Does then mean that gold bulls are in retreat? We do not think so, in fact far from it! Read more

A Great Opportunity To Top Up On Silver & Gold

The stock market has taken a substantial fall in the last two days. The question is whether this is due to the dawning realization by investors that they have been living in a fantasy world. Read more

Gold And Silver Sink

From a peak of over $1220 an ounce at the beginning of December the spot gold price has sunk today to just $1080 an ounce, with silver following suit from touching $19.50 an ounce to below $17.00 an ounce.

So why the loss of faith in the safe haven metals as governments keep churning the money printing machines hoping that pumping and priming their pet projects for garnering popularity and keeping the recession at bay will continue to meet with instant public approval? Read more

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.

The rumour that the Gulf States are considering dropping the US Dollar for oil trading, and using a basket of currencies, including gold, together with no little encouragement from China and Russia, has gained some ground. Read more

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.

Has there been any fundamental change to the long-term outlook for the yellow metal? Not in our book, if anything the US economy and the dollar are sinking ever deeper into the mire. Read more

Gold and Silver Set To Go Off With A Bang

Gold and silver have started the shortened US trading week with a bang.

Eastern trading saw the metals advance into higher territory with early morning in Europe consolidating the gains.

Gold has powered through $1005 and as we write (03:50 EST) and has touched $1006.50.

Silver has fared even better with a 3% rise since Friday’s close to $16.75 an ounce. Read more

How To Get Into Gold On The Cheap

Gold fell from $958.95 in London on Friday to $942 at midday in New York before regaining a little ground. The Fall continued in Asian trading on Monday and by the mid morning session in London the price had dropped down to $937 an ounce.

All this negative activity seems as usual based on a fall in the price of oil and a strengthening of the US dollar. Read more

Conflicting Messages From Gold Chart Analysts

Spot gold has stayed comfortably above the $955 an ounce level, previously resistance, but in the last week looking like support.

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. Read more

Gold, Silver and Platinum All Fall

Gold, Silver and Platinum all fall to two month lows before gold crawls back from below $906 an ounce to $914 an ounce in Thursday’s NY morning trading.

That gold has lost its lustre in the last few weeks is as much due to its midsummer annual doldrums as any other single factor. Read more

Gold Reaches Highest Level For Eight Weeks

Spurred on by a weakening dollar and a strengthening oil price, gold reached its highest level for eight weeks by the New York close yesterday.

The price action this last three months has given this observer a dense of ‘déjà vu’ as the long expected break through to $1000 and above has had so many false starts. Gold – will it, won’t it seems to have been the question that never gets given a definite answer.

Perhaps politicians really do control the gold market as the conspiracy theorists claim. Read more

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