Gold Is The Only Asset To Stay Steady

Whether the green shoots of recovery have become reality or remain an optimistic illusion, there is no denying that gold is just about the only asset class that has stayed reasonably steady since January ‘08 as the recession gathered pace.

Despite credit tightening, profit taking, central bank sales, the much trumpeted threat of deflation, and anti gold spin from vested interests and analysts that should have known better, the precious yellow metal continues to be the safest play around.

Now the fear of eventual hyper inflation as a result of pushing excessive amounts of new money into global economies seems to have been widely recognised, gold, together with silver, are the remaining safe haven stores of value. Read more

Is Gold a Bubble in Waiting?

As expected spot gold pulled back from over $1000 an ounce by Fridays’ close as some nervous speculators took profits off the table before the weekend.

Gold pundits are becoming more and more bullish about the metal with each passing day. It is, after all, about the only ray of sunshine in otherwise cloudy markets.

This raises the spectre of gold bounding ahead of itself as investors of every ilk jump in hoping to outguess the market by getting out at the top with a handsome profit. Read more

Gold Shakes Off Profit Takers

Gold climbed to $996 an ounce before settling back to $995 an ounce less than an hour before Fridays New York open.

Having successfully shaken out earlier profit takers, investors could be forgiven for thinking gold is on course to break through to over $1000 an ounce by today’s close.

We always advise caution when a stock or commodity has made significant gains in the short period of a week, as many speculators are reluctant to hold a profitable position over the weekend when markets are closed but while politicians are still active. Read more