Gold is in a tug of war between the bears and the bulls this week, fighting off forces determined to push it down below the psychological $1100 level while at the same time struggling to break above $1135 an ounce.
Further affecting precious metals prices of late is the fear paper currencies around the globe may be in peril, making gold as a hard asset much more attractive.
By Melissa Pistilli-Exclusive to Gold Investing News
A number of factors, real or imagined, combined to move the gold price down to touch a two-week low at $1087.70 an ounce early Thursday and then back up to nearly the $1110 level in a matter of hours.
Movements in the gold market are becoming less and less predictable [...]
By Kishori Krishnan Exclusive To Gold Investing News
There are two ways to play the gold game. Either keep a watchful eye on the biggies and check out their every move, or latch on to some tried and tested junior gold miners, many of who are set to have their day in the sun.
Back in the [...]
By Kishori Krishnan Exclusive To Gold Investing News
The Emperor is naked. The debt of the US government is turning out to be in fact irredeemable. And gold is poised to break out. Remember, gold outperforms in a crisis.
The inconspicuous beginnings of irredeemable debt have blossomed into a colossal edifice in the United States, a fantastic [...]
By Kishori Krishnan Exclusive To Gold Investing News
The numbers have come in. Treading gingerly but showing the way, Rio Tinto, the international mining group that combines Rio Tinto plc, listed on the London Stock Exchange and Rio Tinto Limited, listed on the Australian Stock Exchange, has reported a pre-tax profit of US$ 7.86 billion [...]
By Kishori Krishnan Exclusive To Gold Investing News
Investors in gold have had it too good for too long. After months of prices climbing to unfathomable levels, an uncertainty has surged into the bullion market, keeping everybody on the edge. Obviously. What goes up has to come down some day.
The big question on everybody’s mind, though, [...]
By Kishori Krishnan Exclusive To Gold Investing News
Dump your gold and lick your wounds. Don’t do it in private though. There are lots of folks out there in a similar position. The Fed is bound to raise rates sooner than you think, and gold has peaked.
Muted investment demand, coupled with a change in market sentiment [...]
By Kishori Krishnan Exclusive To Gold Investing News
The bears appear to be moving in. Eager to retain their stranglehold on bullion, the bears are placing gold in a very vulnerable position at this point.
Though gold posted its biggest rally since October on Monday, with spot gold trading at $1,105.13, up 2.25 per cent, traders maintained [...]
By Kishori Krishnan Exclusive To Gold Investing News
The horse is out of the barn, the damage has been done. Look at how the gold price has been dumped, from its lofty highs. But even as gold’s allure continues to weaken with risk-averse investors, there is someone who is making hay – gold miners.
These days, the [...]
Wednesday, March 10, 2010
0 Comments