Can Gold Reach New Heights This Year?

As traders return and realism about the economic prospects overcomes the lies and procrastinations of our political masters and their acolytes then we fully expect gold to reach new heights, most probably by the end of the year to be knocking on the door of $1300 an oz., quite possibly even considerably higher.

HUI -The Amex Gold Bugs Index Explained

The HUI Index otherwise known as the Amex Gold Bugs Index is an index of companies involved in gold mining and whose hedging of their gold production is confined to periods of 18 months or less. Meaning that the miners contract to sell future production at a guaranteed price, a common practice in commodity trading [...]

Can Gold Beat $1240 Next Week?

This week has seen the stock market at its most uncertain for a long, long period. Yes, over the last few years we know that we have seen a disastrous performance followed by a recovery to bring the major indices back to not far off their pre recession peaks. share:

Gold & Silver Finish Just Off Their Lows

At the end of a poor week for US and world stock markets both gold and stocks were down circa 4.2% with only Government backed bonds showing any resilience. Little doubt that this latter will be short lived with some erosion already being evident by Fridays close. share:

Europes Bad News Pushes Gold Up

Spot Gold is hovering around $1164 an ounce just before the New York opening this morning. If gold is breaking out then this week’s news is certainly helping it on its way. The bad news from Europe, with Greece relegated to junk bond status and the spotlight turning on the other Euro land basket cases, [...]

Gold Price May Be Signaling The Next Leg Up

Gold up by $22 an ounce by today’s` mid morning NY trading and may be signaling the next leg up for the precious metal.

At the same time the Dow and S & P 500 recorded slight gains and oil traded at circa $80 a barrel, much the same as they have been for quite a while.

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!

A Great Opportunity To Top Up On Silver & Gold

every cloud has a silver lining as physical gold and silver together with their producers have been caught up in this stock market fall. This presents a great opportunity, perhaps the last for a while, to top up on silver & gold

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.

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.

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