September 26, 2011
in Federal Reserve, Greece, September, banks, central banks, commodities, debt, economy, europe, foreign investment, gold, international economy, market reports, metals, news and updates, precious metals, sovereign debt
Over the past 24 hours, the price of gold has plunged as much as $104/ounce, or 10%, ahead of what looks to be an imminent Greek debt default. In fact, the past three days have seen the largest consecutive drop in gold prices in 28 years! The question is why, you might ask. Debt problems [...]
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January 23, 2011 · 1 comment
in Asia, BRIC, China, February, central banks, forecasts, foreign investment, gold, indicators, international economy, market reports, market timing, market trends, metals, precious metals, seasonal investing, special dates, wealth transfer
Chinese New Year typically involves a lot of gold buying, just like the Indian marriage season in late summer and Autumn. How much higher will the price of gold go as a result of the Chinese New Year?
This year’s Chinese New Year (or Lunar New Year) occurs on February 3rd and celebrations will last until [...]
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November 9, 2010
in 2010, China, Federal Reserve, GoldMoney, US debt, USD, World Bank, bubble, bull market, central banks, commodities, currencies, debt, economy, forecasts, forex, fundamentals, gold, hedging, hyperinflation, inflation, international economy, market reports, market trends, metals, precious metals, risk, silver, stimulus, world order, world reserve currency
And none of them are likely to happen in any conceivable near-term time frame.
Gold is sitting pretty now above $1400/oz following the World Bank’s suggestion of a return to the gold standard – and it’s inevitably already drawing out commentators from the woodwork who want to talk about how overvalued gold is and the fact [...]
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October 11, 2010 · 4 comments
in bubble, central banks, coins, collapse, commodities, gold, hedging, investing, precious metals, wealth protection
How high gold can go in October and November now that gold prices have risen for 12 out of the past 14 days can be determined by evaluating how parabolic the gold chart looks but must be weighed against the fact that central banks have been continuously purchasing gold for reserves, and Barrick CEO Aaron [...]
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There are theories about the impact of the moon on stocks and theories about the effect that January has on markets (no less astrological, perhaps). If seasonal investing on its own begins to tilt towards the wishful and superstitious, it shouldn’t come as any surprise that gold price analysis – bolstered by the croon and [...]
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October 1, 2010
in 2010, Jim Rogers, Obama, October, Peter Schiff, bull market, commodities, currencies, gold, hedging, hyperinflation, indicators, inflation, market reports, market trends, precious metals, seasonal investing
Gold prices broke out past the $1300/oz mark later in September, just as I predicted in my post on gold prices in August. It didn’t take much market turmoil or negative market news to push gold higher – just the promise of QE lite in November and the prospect that the midterm elections will remain [...]
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Gold is now itching to break through its 6-week high. Q4 is usually the strongest quarter for gold, so you might want to get ready for it. Remember just six months ago when everyone was talking about the bubble in gold around $1100/oz?
This time last year, you laughed when gold was $950/oz.
But over a period [...]
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