Spot prices for the yellow metal slipped back from an early Asian high of $769 per ounce in London. Market note from Scotia Mocatta, said: Choppy price action appears to be of a consolidating nature.s the latest. We believe the downside risk in gold remains intact while we hold below $777. A move above this [...]
By Dave Brown – Exclusive to Gold Investing News The U.S. Federal Reserve said it will circumvent troubled banks in order to lend directly to American corporations for the first time since the Great Depression, in addition to implying further rate cuts; combining for a blend of both traditional and more innovative approach [...]
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 GoldInvestingNews.com “It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of Light, it was the season of [...]
By Dave Brown – Exclusive to Gold Investing News As political debate was waged this week over whether a second stimulus package is necessary, the economy’s fragility was accentuated by an increase in the unemployment rate to 6.1 per cent in August. The street consensus was at 5.8 per cent and figures indicate the labor [...]
By Dave Brown – Exclusive to Gold Investing News It was a good week for gold as the spot price for the precious metal concluded Friday’s session at US$822.90 per troy ounce. Although the price was down slightly on the day, it still represented the biggest gain for gold in a one week period since [...]
By Dave Brown – Exclusive to GoldInvestingNews.com Despite a challenging day on Wall Street, hope springs eternal as investors received some positive news flow and gold analysts believe that the precious metal continues to show upside potential. An unexpected contraction in the US trade deficit in June resulted, as record imports of petroleum were overshadowed by [...]
By Dave Brown – Exclusive to Gold Investing News The Chinese consider 8 to be a lucky number, opening the Olympic Games at 8 pm on August 8, 2008. Eight is considered to be lucky because its pronunciation in Cantonese sounds the same as the word for “prosper” or “wealth”. Incongruously, this lucky number did not serve [...]
By Dave Brown – Exclusive to GoldInvestingNews.com John Milton’s 17th century masque, ‘Comus’ gave rise to the proverbial idiom that “every cloud has a silver lining”. The well understood concept is that cumulonimbus clouds, which are very dark and threatening, can sometimes show a gleam of sunlight along one edge, forming the ‘silver lining’. Even [...]
By Dave Brown – Exclusive to GoldInvestingNews.com Investors looking for a clear cut answer from the markets are left scratching their heads, as the market continues to be awash with conflicting opinions and analysts’ forecasts. The results are observed in a hyper sensitive environment where there, “has been a flood of brash pronouncements as the [...]
Get our independent commentary on gold trends and companies delivered to your inbox.
