Gold to Top $1,800 by November: FX Concepts
Bloomberg reported that FX Concepts LLC founder John Taylor sees gold prices reaching $1800 next month.
Articles Tagged "gold bullion"
Gold Price Upside Potential
The gold price saw its biggest decline in nearly three years last month as considerable stock market losses resulted in the liquidation of gold positions bringing gold down more than 20 percent from a record high of $1920.30 per troy ounce and provoking a period of intense volatility for gold.
Gold Royalties
Even as the price of gold has shown considerable upward volatility this year, gold royalties have escaped much of the consideration that has been offered for exposure through gold equities, gold bullion, or gold exchange traded funds.
2011 Gold Trends
After a record breaking price run in 2010, gold was one of the most watched commodities coming into 2011. Analysts were keen to make predictions as to whether the metal would continue its rally, or if prices would see a steep correction.
Gold Falls after CME Raises Margins
Gold prices hit a record of $1,814.95 an ounce on Thursday but slipped as investors liquidated their long positions on the back of the CME Group’s announcement that it was raising margins on COMEX gold futures.
Gold Equities versus Bullion
Warren Buffett, the world famous investor and Chairman of Berkshire Hathaway noted that “Fiscally, we are in uncharted territory. Because of this gigantic deficit, our country’s ‘net debt’ is mushrooming… no one can know the precise level of net debt to GDP at which the United States will lose its reputation for financial integrity.”
Gold, Silver Shares’ Best Day in 7 Weeks
Reuters reports that Shares of gold and silver companies are having their best day since November 10.
Gold ETFs, GLD Dips, Aurizon Expands
Goldalert reports that Gold ETFs dipped Thursday, with the SPDR Gold Trust (GLD) falling $0.68, or 0.5%, to $134.02 in morning trading.
Gold Price on Track toward $1,300
The fall is quickly approaching and Tuesday’s price action gave investors a slight tease of what the traditionally gold-friendly season has in store this year. The usual suspects—fear-induced investment demand and gold-hungry Asia—are still driving the gold bus home for the metal’s fans.
Goldline International Under Investigation as New Tax Law is Debated
ABC News reported two hot stories developing in the gold coin biz this week including the launch of an investigation by California authorities into Glenn Beck-backed Goldline International and a lesser known dealer, Superior Gold Group, and outrage amongst gold coin sellers over a new tax law amendment that includes coin and bullion transactions.
