The price of gold and forecasting any future target price has invariably been the subject of numerous confidential discussions among central bankers; however, if the level of interest in the price of gold is any indication of what is to happen in the future, perhaps it would be a worthwhile observation to follow the trend of the “smart money”.
By Kishori Krishnan Exclusive To Gold Investing News The number one issue among gold advocates and proponents today is trying to ascertain the future for gold in 2009 and indeed into 2010. The price of the yellow metal has been on the upswing. After breaking the $940 mark, gold is expected to rise to as [...]
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 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 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 Traditionally, gold has represented a non-correlated asset class but more recently, an increased linkage has been observed by many analysts. Bloomberg quotes John Reade, Metals Strategist at UBS, “In the short term, gold’s direction will be determined by the moves in crude oil.” This will necessitate [...]
By Dave Brown – Exclusive to Gold Investing News Question: What do a Wall Street banker, a US Federal Reserve official and a jewellery retailer have in common these days? Answer: All three are happy to learn that US consumer confidence has recovered more than expected in August as fears over inflation eased. The actual [...]
By Dave Brown – For Gold Investing News The US producers price data released on Tuesday registered the highest monthly rate increase in 27 years, indicating that inflation continues to be a concern despite the slowdown in the US economy. Additional negative economic news flow resulted from the US Commerce Department report for July housing, accentuating further weakness, [...]
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 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 [...]
Thursday, August 25, 2011