The massive amount of stimulus that has flooded the system is set to translate into higher inflation. And rising inflation is gold’s best friend. But what exactly seems to be happening here?
Dump your gold and lick your wounds. Don’t do it in private though. There are lots of folks out there in a similar position. [...]
Obama is likely to tax banks to recoup $120 billion. Crude prices peek above $80 a barrel. And the dollar is showing signs of firming. What do these signs foretell for gold?
On Thursday morning, though gold price recovered to $1,138 in early trade, other issues came to the fore, vicious enough to rock the boat.
President [...]
Gold Investing News reports gold prices are holding strong in the current markets.
Year to date, gold is up about 3 per cent, while other economically sensitive commodities have rallied, with copper futures up more than 50 per cent. Crude oil had reached a 2009 high of over $58 a barrel on Friday, recovered from levels [...]
Gold Investing News reports gold will be the main focus at the Money Show to be held on May 11-14th, Madalay Bay, Las Vegas.
For many investors, this will be their first introduction to the benefits of investing in natural resources and why 2009 may be one of the best years for gold investing. Join us and you’ll [...]
For years while the equities market was hot, many investors stayed away from gold, thinking it a poor investment. However, given recent events, including a weakening dollar and the potential for stimulus/bailout induced inflation, many of those investors are now looking to gold as a long term safe haven. [...]
Gold Investing News reports gold is looking brighter despite the global economic crisis and bail-out.
On the stock markets, gold climbed overnight and ended $12 higher. Gold was as much as 2 per cent higher on Thursday after the European Central Bank left interest rates on hold and the Bank of England cut its key rate, [...]
Nickel Investing News reports nickel price had minimum effect with the Federal Reserves rate cut.
On India’s Multi Commodities Exchange (MCX), Nickel December 2008 contract opened at Rs 475.90 per kg as compared to its earlier closing of Rs 481, tossed in the range of Rs 467.10-485.90 and was last traded at Rs 475.90, down 1.06 per [...]
Platinum Investing News reports platinum price falls to a value of 45%.
As investors have fled the platinum market, they have flocked to gold as a safe haven. Last Thursday, the momentous occasion of gold surpassing platinum occurred as gold purchases gained extra impetus as the U.S. dollar tumbled and oil rallied. Platinum demand has been fundamentally, [...]
Palladium Investing News reports palladium price rebounded on Monday’s trading to more than 5%.
Palladium hit $176.50 per ounce as technical buying emerged after demand worries stemming from an ambiguous auto industry vote hit platinum group metals on Friday. Platinum and palladium traders are still awaiting the outcome of a new vote; anticipated to come through [...]
Uranium Investing News and U3O8.biz report mixed reactions with uranium spot price falls while energy stocks are up as the banks are getting bailed-out.
But the stock rally followed a dismal week of trading and more uncertainty is expected as investors feel out the state of the global economy. And that uncertainty continues to weigh down spot uranium prices, which [...]
Friday, February 5, 2010
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