tag:blogger.com,1999:blog-51805015779680334282008-09-21T16:43:35.346-07:00Gold NewsThe Latest Gold Newsgoldpricenoreply@blogger.comBlogger331251466369http://www.feedburner.comtag:blogger.com,1999:blog-5180501577968033428.post-31523401547952425522008-09-15T17:22:00.000-07:002008-09-15T17:46:10.451-07:00Buying Gold Like There is no TomorrowA New Gold Rush has started!
Shops in Abu Dhabi are reporting a 300 percent increase in the buying gold. One Jewelery shopkeeper reported selling over 5 kilos of gold coins and gold bars in just a few hours.
All since the price of gold has dropped by just 15 Dh per gram.
Most of the customers were shopping for Eid Al Fitr and Onam, a festival of Keralties which ended on Thursday but many were Author Services Pty Ltdhttp://www.blogger.com/profile/13739217039402627922support@authorservices.orgtag:blogger.com,1999:blog-5180501577968033428.post-70814315985923822292008-07-25T18:11:00.000-07:002008-07-25T19:54:41.384-07:00Hong Kong Gold ETFHong Kong will launch its first gold exchange traded fund ( Gold ETF) in a few days attracting Hong Kong investors keen to cash in on gold to preserve their wealth and hedge against rising prices.
The Hong Kong's market regulator, the Securities and Futures Commission, has given the green light for the launch of the SPDR Gold Trust by the World Gold Council and investment firm, State Street Author Services Pty Ltdhttp://www.blogger.com/profile/13739217039402627922support@authorservices.orgtag:blogger.com,1999:blog-5180501577968033428.post-65563076948226950042008-07-11T19:15:00.000-07:002008-07-11T19:47:25.763-07:00History Has A Way of Repeating: The Gold Price Will RunOne of the most fascinating things we have learned about history, is that we do not learn from history. Well, some of us have been taking notes, and those of you who are regular readers of our newsletter are already onto much of this.
If you choose to study money, and particularly gold’s role as money throughout history, you will find that gold (and silver) has been the one consistent currency goldpricenoreply@blogger.comtag:blogger.com,1999:blog-5180501577968033428.post-82429714559804007802008-07-04T16:23:00.000-07:002008-07-04T21:27:29.130-07:00Gold Rush in IrelandA million ounces of gold has been reported buried under the heart of the peaceful village of Clontibret in the Emerald Island. Not many people have heard of the village of Clontibret, nestled in the green rolling hills of County Monaghan but this is about to change.
Noted for being one of the few places to repel the forces of Elizabeth I during the conquest of Ireland in the 16th century, Author Services Pty Ltdhttp://www.blogger.com/profile/13739217039402627922support@authorservices.orgtag:blogger.com,1999:blog-5180501577968033428.post-5815506379232805402008-04-02T22:10:00.000-07:002008-04-04T05:57:18.455-07:00Jim Sinclair Bets a Million Dollars Gold Price Will Hit $1650 before the 2nd Week in January 2011
One question that all gold investors want to know whether they be new gold investors or long term holders of gold bullion, is how high will the gold price go?
Jim Sinclair, noted gold expert, has really put his money where his mouth is on this topic. For years now Jim Sinclair has been calling for the gold price to reach at least $1650 during this gold bull market and has more recently Author Services Pty Ltdhttp://www.blogger.com/profile/13739217039402627922support@authorservices.orgtag:blogger.com,1999:blog-5180501577968033428.post-35652857144230947482008-03-20T03:10:00.000-07:002008-03-20T03:13:47.197-07:00A Gold Price Buying OpportunityOver two days the gold price has dropped 10 percent. This is like the local department store offering a 10 percent discount on the gold price!
This is a fantastic opportunity to buy gold. A window of opportunity for a few days before the gold price starts it climb to even higher peaks.
The long term trend of gold is still upward and onward and the regular drop before a further climb to Author Services Pty Ltdhttp://www.blogger.com/profile/13739217039402627922support@authorservices.orgtag:blogger.com,1999:blog-5180501577968033428.post-43691086814319925412008-03-13T18:28:00.000-07:002008-03-15T02:50:09.243-07:00Price of Gold Hits 1000 Dollars an Ounce!A historic moment in the price of gold happened today when the price of gold hit that magical 1000 dollars an ounce. For gold bugs this was champagne time (paid for with gold of course) and a celebration of that which they have known for years. Gold is Money!
This does not say much for the dollar but it says an awful lot for the price of gold. This is a highest ever. Various factors have Author Services Pty Ltdhttp://www.blogger.com/profile/13739217039402627922support@authorservices.orgtag:blogger.com,1999:blog-5180501577968033428.post-18532788959598718932008-03-10T20:50:00.000-07:002008-03-10T20:53:57.287-07:00Gold Price Poised for a Long JumpThe gold price is poised for a long jump. Steady in the 970 range with a few peaks above 990 recently, gold is looking good to make the big jump passed the magic 1000 dollars an ounce anytime soon.
With the US economy continuing to falter despite frantic attempts to prop it up, and with banks now teetering on the edge with more debt than one can throw a stick at, more and more investors will be Author Services Pty Ltdhttp://www.blogger.com/profile/13739217039402627922support@authorservices.orgtag:blogger.com,1999:blog-5180501577968033428.post-84255930689481592612008-03-02T21:08:00.001-08:002008-03-02T21:29:20.020-08:00Gold Price Verging on 1000 USD Per OunceToday the gold price is less than 2 percent below the 1000 dollars per ounce.
Who would have thought, 5 years ago that the gold price would climb so high. This is no 1980 flash in the pan. This is the real McCoy.
As we prepare to break out the champagne, eyes are now looking speculatively at the $2000 per ounce mark. Some even speculating higher. Crazy? Not really. How crazy would it Author Services Pty Ltdhttp://www.blogger.com/profile/13739217039402627922support@authorservices.orgtag:blogger.com,1999:blog-5180501577968033428.post-57975837490312101172008-02-29T04:14:00.001-08:002008-02-29T07:13:15.196-08:00How to Lose Double Your Money on Rising Gold Prices with Gold ETNs
Deutsche Bank announced that it will issue three Gold Exchange Traded Notes (Gold ETNs), that will be traded on the NYSE Arca.
The New Gold ETNs are:
DB Gold Double Long ETN (NYSE Arca: DGP)
DB Gold Double Short ETN (NYSE Arca: DZZ)
DB Gold Short ETN (NYSE Arca: DGZ)
The ETNs provide +200%, -200% and -100% monthly returns respectively on gold future prices. The Gold ETNs also provide an goldpricenoreply@blogger.comtag:blogger.com,1999:blog-5180501577968033428.post-22042569914637012122008-02-25T21:17:00.000-08:002008-02-27T16:07:01.421-08:00IMF Gold Sale is a Spit in the WindThe Bush administration is backing a plan for the IMF to sell off some of its gold.
The Bush administration recently announced it supports sales of as much as 12.9 million ounces, recommended by Andrew Crockett, former head of the Bank of International Settlements of IMF gold stocks
The IMF, which in view of the current surplus of funds most nations have, is becoming largely redundant and is Author Services Pty Ltdhttp://www.blogger.com/profile/13739217039402627922support@authorservices.orgtag:blogger.com,1999:blog-5180501577968033428.post-31168733268946783762008-02-18T14:12:00.000-08:002008-02-19T15:44:13.218-08:00China Gold Demand Now Second Largest in the WorldIn 2007 China surpassed the USA to become the second biggest retail gold market in the world after India. Total consumer demand in China's mainland, Hong Kong and Taiwan reached 363.3 tons, an increase of 23.5 percent from 2006, the World Gold Council indicated in a research report.
To put that figure into perspective 363.3 tons, is equal to 10,596,250 troy ounces of gold, at today's gold price goldpricenoreply@blogger.comtag:blogger.com,1999:blog-5180501577968033428.post-69646179371091289222008-02-01T13:43:00.000-08:002008-02-01T13:48:45.592-08:00How Much is Our Gold Really Worth?GATA, the Gold Anti-Trust Action Committee sponsored a full page ad in the Wall Street Journal on Thursday proclaiming the hidden manipulation of the gold price by the world's central banks.
GATA, is a charitable organization, founded in 1999 "to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities," according to itsAuthor Services Pty Ltdhttp://www.blogger.com/profile/13739217039402627922support@authorservices.orgtag:blogger.com,1999:blog-5180501577968033428.post-82159187187475431182008-01-22T00:55:00.000-08:002008-01-22T00:56:40.996-08:00Gold Steady as She Goes – Oops!Gold ended up at 858.75 at the last count for the day.
Talk about slipping on a wet floor. The bear markets have yanked golds chain and gold dropped to the below the level it was on January the 7th., but the good news is it started to perk up almost immediately.
As the word markets 'tumble for ya', gold will be seen as the investors haven and there is an opportunity for a sharp eyed gold Author Services Pty Ltdhttp://www.blogger.com/profile/13739217039402627922support@authorservices.orgtag:blogger.com,1999:blog-5180501577968033428.post-24302279025904030982008-01-19T22:47:00.000-08:002008-01-20T22:31:16.420-08:00Chinese Love Affair With GoldAn alternative investment is increasing in China, the appeal of gold as its price hits new highs and analysts forecast the gold price to keep rising in the mid to long term.
The recent strong upward trend has attracted many individual Chinese investors such as Yao Yun, for example.. The chief financial officer of a Shanghai-based foreign company bought 50,000 yuan ($6,849) in gold bars and the Author Services Pty Ltdhttp://www.blogger.com/profile/13739217039402627922support@authorservices.orgtag:blogger.com,1999:blog-5180501577968033428.post-85122787563974341092008-01-18T16:47:00.000-08:002008-01-18T16:52:57.572-08:00Gold, Steady as She Goes!Gold bounced up this week with opportunists looking for a good bargain after a fall of just over 4% from the high of 915 an ounce last week.
"Gold is consolidating after touching recent highs," said Christoph Eibl, head of trading at Tiberius Asset Management, noting that there had been some investor selling of gold held in exchange-traded funds (ETFs).
"ETF investors ... are holders rather Author Services Pty Ltdhttp://www.blogger.com/profile/13739217039402627922support@authorservices.orgtag:blogger.com,1999:blog-5180501577968033428.post-68105763775012884082008-01-18T00:30:00.000-08:002008-01-20T22:29:32.066-08:00Gold EFT investors take a ProfitStreetTracks Gold Shares, one of the biggest Gold EFTs around, saw redemptions of 21.51 tone of gold worth over 600 million dollars last Wednesday. Current holdings of StreetTracks totals 631 tones or twice that of the Bank of London.
This would account for the drop in gold as greedy investors decided to cash in and walk home with the dosh.
In fact gold futures dropped 3 percent at one pointAuthor Services Pty Ltdhttp://www.blogger.com/profile/13739217039402627922support@authorservices.orgtag:blogger.com,1999:blog-5180501577968033428.post-2990116286155888832008-01-16T22:54:00.000-08:002008-01-16T23:05:48.934-08:00Aussie Gold Rush Strikes Again!The soaring gold price on the international market has sparked a gold fever in Australia.
As they watched the price of gold climbing up ordinary Australian Mums and Dads have started to snap up gold bars and coins, ingot, even medallions and shares on gold bullion companies.
Australians remember well the "recession we had to have" as announced by the then Australian Treasurer Paul Keating in Author Services Pty Ltdhttp://www.blogger.com/profile/13739217039402627922support@authorservices.orgtag:blogger.com,1999:blog-5180501577968033428.post-78999893303323907512008-01-16T14:27:00.000-08:002008-01-16T14:40:09.960-08:00Gold Going Down or Gold Correction?Since hitting the all time high of 914 dollars an ounce gold has been dropping and is now in the 870 to 890 range. A big fat drop it would seem.
But the economy has not changed. Yes, the dollar has strengthened slightly (whatever does that mean? You can't tear it in half anymore?) and oil is lower. But that would not account for such an "interesting" drop. The demand for gold has not changed. Author Services Pty Ltdhttp://www.blogger.com/profile/13739217039402627922support@authorservices.orgtag:blogger.com,1999:blog-5180501577968033428.post-8199739416594536852008-01-16T01:13:00.000-08:002008-01-16T01:26:41.975-08:00Why Gold?Why gold indeed. It is often said that money talks. Well, if money talks then gold screams.
Gold has been steadily climbing since the turn of the millennium and if that is not a scream I don't know what is.
It has been said that "the price is being driven by growing investment interest, safe-haven demand and strong market fundamentals." Actually it is more driven by the decreasing value of Author Services Pty Ltdhttp://www.blogger.com/profile/13739217039402627922support@authorservices.orgtag:blogger.com,1999:blog-5180501577968033428.post-25920159350165226442008-01-09T12:21:00.000-08:002008-01-09T12:23:58.270-08:00Chinese Gold FuturesChinese gold futures made a strong debut on the Shanghai Futures Exchange (SFE) on Wednesday amid a world wide bull market for gold.
In a time of potential impending recession in the US, rising oil prices and property not seen as quite the favorite anymore, gold is being seen as a safe haven for investors world wide not the least by the astute Chinese business market.
The June delivery contractAuthor Services Pty Ltdhttp://www.blogger.com/profile/13739217039402627922support@authorservices.orgtag:blogger.com,1999:blog-5180501577968033428.post-73543896472657539862008-01-08T15:13:00.000-08:002008-01-08T15:21:25.664-08:00Gold Coin Goes from 20 Dollars to Half a MillionBuy a gold coin for 20 dollars and sell it for half a million dollars. That's what Douglas Winter, a Portland USA coin broker did. He bought a 1856-O Double Eagle, the rarest gold coin struck at the New Orleans mint in November last year and sold it in Dec the 17th for a hearty 542,000 US dollars.
The New Orleans Mint struck only 2,250 of these coins and only 20 to 30 are known about today, Author Services Pty Ltdhttp://www.blogger.com/profile/13739217039402627922support@authorservices.orgtag:blogger.com,1999:blog-5180501577968033428.post-85801697137395164562008-01-03T18:16:00.000-08:002008-01-03T18:21:27.654-08:00Gold Futures up Again for the Second DayGold futures were up again for the second day running pushed by a weakened dollar and ever increasing oil prices. Oil is over that magical 100 dollars a barrel and gold is now well over the 850 dollars an ounce. Gold is evidently being seen far and wide as a safe haven investment.
In the futures, gold for February delivery rose $8.60 to $868.60 an ounce on the New York Mercantile exchange. Author Services Pty Ltdhttp://www.blogger.com/profile/13739217039402627922support@authorservices.orgtag:blogger.com,1999:blog-5180501577968033428.post-41557862212856732102007-12-31T18:44:00.000-08:002007-12-31T18:50:07.717-08:00Indian Gold Moving UpMumbai – 1st of January 2008. Indian gold is moving up and ended on a buoyant note for the year with gold futures traded close to an all time high of 850 USD per ounce amid a weakening US dollar and keen interest to conserve assets according to analysts.
Gold has always been traditionally seen as a valuable asset in India and this is looked at by some analysts as good benchmark for future Author Services Pty Ltdhttp://www.blogger.com/profile/13739217039402627922support@authorservices.orgtag:blogger.com,1999:blog-5180501577968033428.post-651450468777096472007-12-30T16:50:00.000-08:002007-12-30T16:56:41.276-08:00Chinese Gold Futures TradingChina Gold Futures Trading is expected to be launched in the new year by one of China's major futures trading agencies, The Shanghai Futures Exchange (SFE)
This has been approved by The China Securities Regulatory Commission in a statement posted on its website Friday 28th Dec, 2007.
However, no date for the commencement was given.
The addition of gold futures trading on the Chinese market Author Services Pty Ltdhttp://www.blogger.com/profile/13739217039402627922support@authorservices.org