The most recent Resource Investing News biannual Investor Survey reveals that while investors remain optimistic about the long-term potential of the commodities markets, a large majority are hedging their bets on precious metals like gold and silver.
GFMS Group’s well-respected annual Gold Survey report is out for 2010, but what’s got most in the precious metal markets talking is the comments made by Philip Klapwijk, chairman of precious metals research at GFMS, during an interview with Reuters: “There are pointers to the fact that we are entering the final stages of a bull market.”
Will gold ever be able to decouple from the dollar like it almost seemed to do earlier this year, or has its status as safe haven asset irrevocably shifted to the risk-asset class? Time will tell.
By Dave Brown – Exclusive to Gold Investing News On Friday, the U.S. Labor Department released figures indicating that payroll records fell by 159,000 in September, the biggest decline in five years. The unemployment rate remained constant at 6.1 per cent, which had already appreciated from April’s levels of 5 per cent. As if they [...]
By Dave Brown – Exclusive to Gold Investing News The latest victim of the credit crunch was Washington Mutual Inc., a large Seattle based consumer and small business banking company that was established in 1889, as the Federal Deposit Insurance Corp. seized its assets on Thursday, selling some of it to JPMorgan Chase & Co. The [...]
By Dave Brown – Exclusive to Gold Investing News On Tuesday, U.S. Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke advocated rapid legislative approval of the plan for the Treasury to spend up to US$700 billion to obtain distressed assets from the banks. Questions about the oversight of the bailout- whether the proposal [...]
By Dave Brown – Exclusive to Gold Investing News For investors, the beginning of September saw negative news flow coming in, largely by way of physical storms originating in the Atlantic Ocean, leaving behind a wake of destruction in the Gulf Region. This week, however, saw a different type of storm originating closer to Atlantic [...]
By Dave Brown – Exclusive to Gold Investing News The financial markets have found themselves under tremendous downside pressure this week in the wake of the collapse of Lehman Brothers, and the crisis at AIG. Central banks have infused US$200 billion in order to alleviate some of the volatility. Leading the way, the European [...]
By Dave Brown – Exclusive to Gold Investing News The spot price of gold traded down to US$767.65 per troy ounce on Tuesday with growing concerns of global economic weakness in addition to fragile U.S. housing and labor-market conditions. Data released on Tuesday indicated that pending home sales dropped 3.2 per cent in July, reversing [...]
By Dave Brown – Exclusive to GoldInvestingNews.com We are now into the month of August, and much of the world is anticipating the arrival of the 29th Olympic Games in China. The year 2008, marks the year of the rat in the Chinese zodiac and the month of the August coincides with the symbol of [...]
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