The Gold Blog » Research Updates

Gold Investments Market Update

Mark O'Byrne — Mon, 30 Mar 2009 10:47:56 +0000

Gold and silver succumbed to profit taking (gold down 3.2% and silver down 2.5%) last week as risk appetite returned to markets with the tentative recovery in equity markets continuing. Gold’s performance was lackluster, despite increasingly bullish news with regard to growing acceptance that the international monetary system must be reformed and the strong probability [...]

Gold Investments Market Update

Mark O'Byrne — Fri, 27 Mar 2009 11:38:25 +0000

Gold and silver rose ($939.80 up $4.40 - Silver $13.65 up 18 cents) yesterday on deepening concerns about the dollar and fears that its reserve currency status is threatened. Next week could see sharp moves in financial markets as the dollar’s dominance in the international monetary system is set to be questioned at the G20 Summit [...]

Gold Investments Market Update

Mark O'Byrne — Wed, 25 Mar 2009 11:11:45 +0000

Gold and silver fell yesterday ($923.30 down $29.70; Silver $13.34 down 52 cents) on profit taking and renewed risk appetite which saw equities rally internationally (prior to a late sell off in the US) and the dollar rally after its recent sharp falls. Macroeconomic, systemic and monetary risk has seen the dollar, the euro and more [...]

Gold Investments Market Update

Mark O'Byrne — Mon, 23 Mar 2009 12:07:38 +0000

It was a historic week, with the Federal Reserve opting for the “nuclear option” of money creation on a trillion dollar scale. Gold and silver rose 2.7% and 4.5% respectively. The gains would have been much more but for an unusual and unexplained very sharp selloff in the precious metals immediately prior to the Federal Reserve’s [...]

Gold Investments Market Update

Mark O'Byrne — Fri, 20 Mar 2009 12:08:24 +0000

Gold surged 8% yesterday (as is the norm, the far smaller market that is silver surged by even more and was up by 13.3%) as the shock Federal Reserve announcement led to concerns regarding the dollar and the inflationary implications of massive money printing and debasement of the currency. The dollar has fallen sharply against all [...]

Gold Investments Market Update

Mark O'Byrne — Thu, 19 Mar 2009 11:23:47 +0000

Gold fell in US trading hours yesterday for no apparent reason; but on the Fed announcement, gold surged by nearly 7% in afterhours access trade. Gold leapt from its session low of $884.10/oz to a high of $946.20/oz, a jump of nearly 7 per cent and silver also surged some 7%. Gold subsequently gave up [...]

Gold Investments Market Update

Mark O'Byrne — Tue, 17 Mar 2009 11:14:20 +0000

Gold fell yesterday for the first day in 3 and was down some 0.8%. Gold was flat in Asia but has fallen again in Europe to $915/oz. Support remains at $900/oz. The short term trend may remain down but the medium to long term trend remains up. Both technically and fundamentally gold’s outlook remains positive despite having [...]

Gold Investments Market Update

Mark O'Byrne — Thu, 12 Mar 2009 12:52:32 +0000

Gold and silver rallied over 1% and 2% yesterday as stock markets barely made gains in the US. Asian stock markets were mixed but the Nikkei fell 2.5% and most European markets are showing weakness again this morning and gold remains firm. Demand for gold remains extremely robust with broad based demand from both retail and [...]

Gold Investments Market Update - Deflation Now But Onslaught of Inflation on the Horizon

Mark O'Byrne — Wed, 11 Mar 2009 11:36:30 +0000

Gold fell 2.2% yesterday (silver -3.1%) as increasing risk appetite saw stock markets in the US surge. A rally in stock markets was overdue but the sustainability of this latest rally is doubtful and equity markets in Asia were mixed and after a lower start, are tentatively higher in Europe. The financial and economic fundamentals [...]

Gold Investments Market Update

Mark O'Byrne — Tue, 10 Mar 2009 12:20:21 +0000

After the bounce in recent days, gold sold off again yesterday and was down 2.77% (silver -3.2%). After the falls seen in the last two weeks a period of consolidation will be needed and gold may fall further prior to rising strongly above the psychological and technical level of $1,000/oz. With $50 trillion having been wiped [...]