Value Prayed
09-12-2010 golden marketThe Value of the Gold. In these days it is better to have coins or golden ingots that you drive of a company or governmental bonds. The gold is a natural refuge. The value of the gold, contrary to other investments, is not tied to an issuer who can fail. That's why the gold has turned into refuge for the European and American savers. The investors have re-discovered the only type of really sure assets. The golden metal has turned into one of the more important deposits of value opposite to the suspense.
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08-12-2010 the Voice of Gallicia
The investment recovers the taste for the gold before the fragility of the debt
Germany is not ready to put any more meat in the spit of the debt crisis that it supports against the ropes to the weakest countries of the euroarea. And this one submitted to the German leadership, proves to be unable to arbitrate new measurements to brake the bloodletting and to be provided with new weapon with which to face to future attacks.
Conclusion: the instability of the markets of bonds and actions goes for length.
With this backdrop, and the traditional upward rally of end of year to the return of the corner, the investors seem to realize well that the surest bet spends for the prime matters.
Especially, when the Federal Reservation has said highly and clearly that, while it does not raise the inflation, it will keep on giving to the machine of printing money, what is translated in a fall of the dollar, which, between many other things, lows the price of the investment in prime matters.
07-12-2010 finance
The gold has not touched roof and every time 1.500 dollars are closer
Lone, the technical analyst of the portal Finance:
“There keep on being many reasons so that the gold rises and not too much so that it goes down. To the gold it does not matter to him if the problems are of inflation, deflation, monetary instability, of sovereign debt or warlike conflicts, the gold keeps on being the refuge for all of them. In the short term resistance is not seen so that it reaches 1.500 dollars, the corrections keep on being a buy opportunity.”
Francisco López, analyst of X-Trade, explains:
“During the current financial economic crisis the investors have looked to the active gold as principal refuge making this tendency stronger to him during the spring of 2010, one of the principal reasons of the preference in the election of these assets as I shelter instead of others, there is the important and gradual loss of capacity of purchasing power of the different coins on a global scale, especially the dollar. In this year 2010 the price of the gold has revalued 30 %.
This behavior is a consequence of the large plans of stimulus of the different monetary authorities and the difficult economic situation in which the most developed economies are.”
Bob Doll, the strategist chief of the most important private investment fund of the world was predicting a few days ago that the motives that catalizan these increases will be supported during the next year 2011. Also it includes a new upward factor, the crescent demands of India to replace his reservations of dollars.
For his part the analysts of prime matters of Goldman Sachs predict that the gold reaches 1.690 dollars and bears the tendency to quote over 1.700 dollars in 2012.
07-12-2010
Gold marks new maximum for 1.432,50 dollars the ounce
The prices of the gold were extending the profit 07-12-2010, to mark a new maximum for 1.432,50 dollars the ounce. The gold to the few one was quoting to 1.432,50 dollars the ounce in the contracts with expiration in February, 2011.
The gold established this record new Tuesday, the 07-12-2010th, the on having overcome for the first time in the history the level of 1.432 dollars for ounce. The gold is stimulated by the weakness of the American dollar and the interest of the speculators and investors faced an uncertain panorama for the global economy for which they keep on looking for safety in the gold.
The gold came up to 1.432,50 US dollars. Since at the end of September, 2010 the gold overcame for the first time in the history the threshold of 1.366 US dollars, the gold sees dollar favored by the weakening of the US, in moments in which one waits that the Federal Reservation (FED) flexibilice his monetary policy. The depreciation of the US dollar makes more attractive the buys of prime matters (quoted in this currency) for the investors with other coins.
Experts think that the gold will keep on beating records and it might come even to 1.500 dollars for ounce before end of year 2010.
Alan Greenspan (in 1966):
“The abandonment of the gold standard made possible that the estatistas were using the bank system as an instrument for an unlimited expansion of the credit.
Without gold standard, there is no way of protecting the savings against the inflation!”
18-11-2010 EDI
The gold starts again
The gold has fallen down for a few later days of the appreciation of the dollar.
Will this be a good moment to become long?
Let's not forget the recommendation of the big gurus of the USA as Jim Cramer, who a few days ago was proving to be very positive with the evolution of the gold facing the final straight line of this 2010 predicting the gold in 1500 dollars at the end of 2010. The North American guru announced in his space inside the program of the CNBC that it is a good moment to bet for “the gold”, that it sees a long upward trip. Between others, the worries related to the risk of the debt in the Euro area might favor to the gold.
13-11-2010 LD
Myths on the gold, or, the gold is a money
The gold is a money to the effect that it keeps on being the last reservation of value of any economic system: if they break all the banks and all the States, if we are invaded and devastated by the barbarians or if there falls down a meteorite that triumphs with half of the world population, the gold - and in minor measurement other precious metals as the silver - will be the only good that will have allowed us to preserve the value of our patrimony and the only good that will be able to be used like change way generally - globally - accepted.
That's why many people keep on accumulating a part - variable as the circumstances - of his capital in gold - to be provided with an insurance against catastrophes - and that's why it keeps on being a money. Because if the yellow metal is capable of redeeming such an essential role in the middle of the biggest imaginable disasters it is not for pure hazard, but because it keeps on assembling the best characteristics to be a money.
Another question is that the States do not want to recognize it after themselves and are blinded in continuing with a war aurofóbica of that only we all impoverished will go out. In fact, this crisis is one of the clearest examples what happens when banks and governments are not limited by the discipline that imposes the gold standard on them (that not the boss - currency I pray or Bretton Woods that were each inflationary perversions of the classic gold standard) and they can manipulate artificially the credit.
Namely of what does it happen when the governments get into debt in giving themselves butts against the wall to prevent the gold from redeeming the role that the natural market and evolutivamente it has granted him.
12-11-2010 LD
The gold is a legal money again from November 22, 2010 used like collateral
While some countries support his particular struggle for devaluating his coins, the markets are acting with an even major rapidity, demonstrating for umpteenth time in the history that the money is the excellent social institution. The gold recovers his historical status.
This rescue of the monetary statute of the gold since collateral OTC reinforces moreover this idea and must suppose a clear warning for the investors on how preserving his assets against the indolent management of the central banks.
At the moment, who has announced that he is going to accept gold as collateral from November 22, 2010 it has been the Intercontinental Exchange (HOIST), one of the biggest electronic futures markets of the world. This did publicly by means of press release 08-11-2010, where the following thing is informed:
“We like offering a progress of this type, being the first clearing organization in Europe that is going to allow the gold in ingots like collateral … in a tripartite relation that allows the management of the collateral one for Euroclear Bank.”
The use of the gold to satisfy the legal limit of the buys in overdraft has been relegated traditionally to extremely liquid qualifications and to some monetary deals, especially on the futures market of the gold. But from the beginning of the credit crisis some agents of the market are accepting this metal like collateral in increasing quantities.
CME Group is the world market leader in derivatives deals. Last year allowed that in gold to be used 200 million dollars like collateral in the margin requirements like alternative to the debt qualifications and the actions.
This change on the markets OTC does not affect really at street level in the daily use that we make of our money.
That's why, the following step to be given is that the commerce and the industry understand the deep gravity of the crisis and begin to use again like current currency the short-term bills of exchange on goods of high consumption according to the epoch.
But to resemblance of the ICE, accepting like (collateral) guarantee the gold, and allowing to the drawee his expiration also in gold. This title be able circular promissory note recipient up to his expiration with a risk minor than the proper bank legal currency money, allowing him of course his discount in any moment.
If monetizamos this way this form of payment we reconstruct the employment.
09-11-2010 strategies of Investment
He remains covered in the price of the gold
With a robust demand and a weak offer, the price of the gold from the fundamental point of view has to keep on rising. It is true, that lately there have been big flows of entry in the gold, but it is necessary to know, that the gold represents less than one 1 % of the entire financial assets therefore we might wait for major earnings.
Additionally, last months of the year are usually good for the gold.
One can think that seeing the quotation of the gold we are in historical maxima and that there is too much late to enter, but if we extract a graph of Bloomberg of the price of the gold fitted by the inflation, they will be able to verify that it is still far from the historical maxima.
We recommend to have exhibition to the gold (physicist) like investment of long term in any portfolio, be already like a coverage opposite to inflation expectations, opposite to the devaluation of the dollar or opposite to adverse economic conditions.
15-10-2010 finance - Investment
Magazine Investment 783 - Gold and Currencies: opportunities and risks
The Spanish magazine “Investment“ brings in the front of the Number 783 a reportage on “Gold and Currencies: opportunities and risks”.
Another reportage is that of the “Market of the gold: Another historical maximum impelled by the weakness of the dollar”.
And, to see another thing: Real estate sector of Spain: Look for bargains in the next real estate lounge of Madrid.
13-10-2010 finance - Lone
The gold again in historical maxima
Expert voices say that the gold can come to the 2.000 and even to 5.000 dollars the ounce.
Behind the impressive upward fortitude of the gold the over abundant supply is monetary and the printer of the FED that prints more and more green bits of paper that are losing value to every spent one of the roller and like not the monumental public debt.
It is not necessary to forget that the gold, together with the silver, there are the active only ones that monetary value has, if the same there are a money really, with a limited offer.
12-10-2010 finance
The rally of the gold is impelled by the depreciation of the dollar
The gold marks new maxima impelled by the regression in the exchange rate of the dollar. The punctual regressions have served to consolidate the increase. The depreciation suffered by the dollar opposite to the rest of currencies also has turned out to be reflected in the quotation of the gold opposite to the green ticket: the fall of the American currency has pushed to the gold, in his particular upward career.
11-10-2010 Cotizalia - Bolinches
The character of the gold and his behavior on the market
The markets always react to the human emotions like the greed, the fear, the ignorance and the hope. And I believe that the gold is the bought only one capable of assembling these 4 feelings simultaneously in the same day. I some time ago that I chose to ignore the multitude of investors that they are allowed to take very easily by the emotions and that's why I bought gold and silver on Friday. Yes, already I know that the gold is very overbought, but also I know that the assets it can remain in sobrecompra for weeks, also new historical maxima keep on being done, with volume increases in the moments in which it marks drafts from the minimums. Also he is behaving very well, so I do not have any problem in taking positions on this market. The analysts are alert of that it is overbought, but these are them same that they say that the Dow is cheap with a PER of 23 times!!! I think that increasingly that we are living in a world so distorted that the technical analysis is losing value and what is needed really is a little of common sense. And if we apply it we will come to the conclusion that the gold is trying to us to prepare of the problems that are still to come.
05-10-2010 Blogs Finanzas - My neighbor Alfonso
The gold, assets that gains weight in the pension funds
In a few conferences realized last week in Berlin on the gold, it was established that “the gold is a very favorable strategy for the pension funds”. The behavior of the gold in the last 30 years has been positive in most cases, even when the market has fallen down. If we concentrate on the last graph we see as the gold is initiating a process similar to the one that took place from middle of the 70 up to beginning of the 90, with a better behavior opposite to S&P, in this period the index raised 660 %.
Why are there considered to be a good assets for pension fund?
Simple, the gold reduces the volatile nature of the portfolios, for this motive, acts as value sheltered in moments of crisis.
04-10-2010 Cotizalia
According to the experts the price of the gold is not excessive and the rally will continue
The gold is unstoppable and the experts think that it is going to keep on rising even more. The weakness of the American economy, the perspectives of which the Federal Reservation starts a new round of measurements of quantitative expansion and the fall of the dollar for the fears of the investors are impelling to the precious metal.
A report of Deutsche Bank affirms: "We believe that the rally has more covered.” The bank said already in June that the price of the gold would have to overcome 1.455 dollars for ounce so that it was possible to consider them to be ends in real terms and that it should come to 2.000 dollars so that it was representing a bubble.
According to the analysts of the entity, the rally bases on fundamental elements and not in speculative, although they admit that the ETFs (quoted funds) endorsed by gold are having an important role on the market.
Black Rock said last week - as he was gathering the CNBC - that “if the inflation fits, the gold might raise up to 2.000 dollars”. The president of the entity told that from 2001 the gold has had a few yields of concerning 17 % per year, so “it is a very good long-term investment”.
17-09-2010 Bolságora
To support the strategy while the gold keeps on being revalued
It is necessary to add to the increase of the gold the effect that has the dollar on the gold. On having quoted in dollars, the gold assumes the falls in the American currency with prices increases.
What is it necessary to do?
For the time being, for those investors who already have exhibition to the gold it is advisable to support the strategy while the gold keeps on being revalued.
Separate reflection deserves for those investors that they think about how to gain or increase his exhibition to the metal.
“The upward strategy that we keep open keeps on gaining height, but our intention is not to increase positions in the gold. We think that the structural supports are too remote, even taking aggressive references, to try to incorporate to a hypothetical free increase of the metal”, tells Carlos Doblado, analyst of Bolságora.
08-09-2010 expansion
The gold borders on records and the analysts already sight 1.300 dollars
The investors look for refuges again, and the gold turns into one of the favorite targets. The financial alerts have placed his price on 1.260 dollars the ounce, to the knife-edge of his records of June, and UBS points, in the short term, at 1.300 dollars.
08-09-2010 Lone
The gold consolidates on the resistance of 1.250 dollars, last pitfall up to maxima
The gold, it supports the upward impulse towards maxima since it was bouncing in the average of 200 meetings and 50 % of regression of the previous upward impulse, has been climbing positions. The impulse has respected perfectly the upward guideline of half a term and in the last meetings it consolidates the perforation to the rise of the resistance in 1.250 dollars, his overcoming would stop again to the gold in free increase.
06-09-2010 America Economy
Rise in the price of the gold unties mergers wave in the mining
The rise in the price of the metal is impelled by the demand of the investors, who have bought more than half of all the gold sold in the second trimester, the second time that that happens from 1979.
Kevin Norrish, executive director of investigation of prime matters of the British bank Cardinal Barclays, says: "The gold offers protection from a multitude of threats. The interest reflects the absence of confidence of some investors in the governments and in his aptitudes to solve his structural problems.”
The big golden mine-layers think about how to satisfy this demand on having digested his rivals.
Goldcorp Inc. announced the buy of Andean Resources Ltd. for 3.400 million USD. One month earlier, Kinross Gold Corp. agreed to pay 7.100 million USD for Network Back Mining Inc.
01-09-2010 economist
Careful! There comes a September of volatile nature, suspense and search of refuges
Traders to the escape! One of the most notable effects that is having reborn economic suspense is the escape of more and more traders of the assets with more risk, like the variable revenue, and his return to the considered classic refuges, points out Financial Times.
The investors seem to have re-examined the possibilities that the movements of the Federal Reservation (Fed) are successful and worry again about the poor economic information that have appeared lately. Also, they are afraid that the numbers that are going to be known throughout this week do not do but to confirm that the growth of the USA is paralyzed.
For sample a button: the fact of the manufacturing index of the region of Chicago, published on Tuesday, has been worse than the foreseen for the experts. The machine of the first economy of the world has not just rolled well.
For it, many fly back to classic refuges. The gold, for example.
31-08-2010 the Economista/Bloomberg
It does not matter what it spends: the gold will rise
The investors keep on accumulating golden reservations. And the experts keep on betting why the biggest rally of the gold in at least 90 years goes forward independently from what I went on with the world economy.
The information compiled by Bloomberg shows that the analysts have raised his forecasts for 2011 of the gold more than for no other, betting for the tenth consecutive annual increase.
The most common option on the futures market of New York is that of 1.500 dollars the ounce for December, what supposes 18 % more than the record that alzancó on June 21, 2010 of 1.266,5 dollars.
Eugen Wienberg, analyst of Commerzbank, explained: "Both an economic recovery and a new fall new buyers should bring to the golden market. A stronger economy should create a major jewels demand. If the economy remains weak or if it deteriorates, the investors will look for a refuge”.
The average of analysts consulted by Bloomberg also hopes that the gold should reach 1.500 dollars the year 2011.
Dan Brebner (in what analyst of Deutsche Bank goes of year, the most guessed right analyst), he hopes that the gold should reach 1.550 dollars.
The appetite increases for the gold
Thorsten Proettel, analyst of Landesbank Baden-Wurttemberg (Germany), explains: "The people are afraid of another crisis, therefore they diversify with the gold.”
The gold has won in what goes of year 2010 13 %, and from ends of the year 2000 his price there is muliplicado for four.
31-08-2010 he was investing
The economy is still weak: the speculative golden buy overcomes industrialist
The increasing golden demand uncovers worrying signs on the weakness of the economy. In the 2nd trimester of 2010, the buy of speculative investment in the gold went off and overcame the industrialist, something that only trimester of 2009 had happened in 1er. This supposes massive procurement of gold as value I shelter opposite to an awaited rise of the crisis, while his employment of industrial use diminishes, especially in jewelry shop.
The golden buy has two different targets:
* for his industrial use
- good as component for diverse sectors, like the dental one and, especially the electronic one, where it is used like driver -
* or like investment assets.
In this case, there is usually refuge, a solid alternative are used like value to risk assets, especially the variable revenue.
According to the information of World Gold Council (WGC), in the 2nd trimester 2010, the buys of the gold between the investors added 534,4 tons. This supposes an increase of 159,5 % with regard to the previous trimester and of 117,8 % opposite to the same period of the previous year. The worry on the economic evolution, with the developed country ballasted by an abundant public debt and with the possibility of relapsing into recession, is behind the massive buys of the gold.
This way, for the second time from the irruption of the crisis - the first one was in the first trimester of 2009 - the investors' golden buys overcome industrialists. As then, the flight towards the refuge of the gold reveals a worsening of the economy.
23-08-2010 Rankia
Let's bet on the explosion of the price of the gold
If there happens some of the things named in the article, the people will want to have the gold under his mattress. If they all ask for the physical delivery, the differential of the first expirations of the futures on the gold that have always been in contango they will enter a fortress backwards.
23-08-2010 intereconomy
Bolinches: "The gold will be the only one made sure for this thunderstorm of the last trimester.”
Eduardo Bolinches, the director of analysis of Bolsacash, recommends to the persons to want to invest on the market of the gold to wait for a small correction that can come in any moment - enclosed today - which would lead to this raw material to the area of 1,197 dollars for ounce.
This is due to the fact that, according to the expert, “the gold will be the only one made sure for this thunderstorm that comes now in the last annual trimester”.
19-08-2010 Rankia
London and the schedule in which the price of the gold is manipulated
Very interesting comments at the end of the note.
Across KIKE VÁZQUEZ I have come to this interesting article (I recommend to read all the linkage of the post, they have no waste) that says that HSBC, Deutsche Bank, Scotia Mocatta, Societe Generale and Barclays form a pool that fixes the price of the gold in London.
Complementary article in English of Adrian Douglas in MarketForceAnalysis:
“Gold Market is not Fixed, it's Rigged“
18-08-2010 Bolságora
I pray: Operative guide after his buying reordering
The situation, with a support in tendency placed in 1.150 dollars the ounce, is completely upward and it has target to way / long term in 1.400/1.600 dollars; circumstance that will depend on the time that the prices could take in approaching the increasing resistances. Up to these, and while there are supported 1.150 dollars, base of the upward channel and possible support clavicular of a potentially downward big boss in case of defeat of the buyer that we propose to them like operative guide in this strategic review, the technical aspect of the gold will keep on being completely upward.
17-08-2010 KV
John Paulson bets clearly for Gold and Finance
Paulson keeps on trusting in the Gold and in the banking. His principal positions revealed by the SEC show that it supports at the head of his portfolio GLD (the biggest ETF in Gold), Bank of America, Citigroup, Anglogold Ashanti (mining company of Gold) and The Hartford Financial Services (insurer). Also it takes positions in Goldman Sachs.
route Zerohedge (in English)
16-08-2010 KV
Is the market of the Gold manipulated?
More and more voices do echo of it to themselves, and the truth is that they have quite good arguments. The study of Adrian Douglas (CAT) shows some "coincidences" that happen.
route Zerohedge (in English)
15-08-2010 the Newspaper
The biggest price of the gold attracts the interest in the acquisition of ingots as method of saving
Olga García taken charge of the shop Bought Gold of Barcelona, he says: "We are noticing very much the clients' increase, so much those that they sell like those that they buy», tells the manager of the place. There are two complementary phenomena linked to the biggest value of the gold. On the one hand, which get rid of his jewels, and for other, which acquire ingots to keep them like saving.”
14-08-2010 the World
The gold quintuples his price in 8 years and refuge is consolidated like value
The economic crisis and the financial insecurity have recovered the ancient interest of the investors in the gold, the value sheltered par excellence, what has multiplied by 5 his price in the last 8 years and it will prolong the upward tendency until it doubles his current value, according to the sector.
This is the beginning of a big bullish market of the gold, because while suspicion exists in the evolution of the economy, the precious metals will be a value surer than the currencies.
The upward cycle is in an intermediate stage, of consolidation of the demand of the big investors, and that will come to his maximum when he wakes up the interest of the small thifty persons.
07-08-2010 five Days
The price of the gold grows with the weakness of the sovereign fixed revenue
The refuge of the gold is to overflow with investors. The gold has turned, continued closely for the dollar, in the refuge most coveted by the investors, punished of the sovereign fixed revenue and of the European currencies.
The report of July, 2010 of S&P on assets distribution investment funds points out that the agents have chosen the gold so much to be protected from the inflation as to cover his portfolio in suspense times, but that some of them are restating his position.
The doubts about the finance of several European countries have led the investors to buying dollars, but also I pray, it points out the document.
The gold revalued in the 2nd trimester of 2010 11,5 %, the biggest quarterly increase from the first trimester of 2008.
04-08-2010 Investorsconundrum
Who invests in gold, who has it, who buys it, who produces it, who sells it and because
Very good!
* Several graphs on the market of the world gold.
* World history of the golden production for countries (1840-2005).
03-08-2010 Bolságora
Gold bounces from the base of his upward channel of long term
Analyzing the behavior of the principal prime matters the incorporation opportunity attracts attention of us … We will center on the gold, which has tints from which his upward tendency recovers again in the short and half term.
In this sense, we think that the last transfers, which have led to the gold up to the base of his principal upward channel, might be an opportunity to look for an upward aggressive incorporation for the sake of making use of a hypothetical return to his historical maxima, this is 1270 dollars.
Upward canalized movement that develops the gold throughout last months and that it is possible to observe in the attached graph.
02-08-2010 Cotizalia
The gold recovers leading role for the doubts about the economic growth
The gold, active excellent refuge, has received leading role again for the doubts of the investors about the world economic recovery after the last information announced by the United States and China.
Analysts consulted by Bloomberg think that “the gold might continue the upward raca after the increase registered Friday”, since “the investors will remain worried by the economic recovery”.
The economy of the USA slowed down in the second trimester 2010 and the Chinese manufactures grew in July, 2010 to his minor rhythm in 17 months. “The suspense can re-stimulate the demand”, tells another analyst.
29-07-2010 the Economist
Turned to the gold standard: the way of balancing the economy?
Would it be the return to the gold standard the only form of that the world economy recovers the balance?
The first one that threw the idea of that the end of the gold standard was the beginning of the imbalances and the monetary tensions was Richard Duncan. In his books The Crisis of the Dollar and The Corruption of the Capitalism, it points out that the absence of a constrained exchange rate increased the commercial imbalances, it provoked enormous capital flows between nations and the money supply increased in circulation.
28-07-2010 the Economist
Carmignac still does not believe in Europe: he buys gold and dollars
The society of management Carmignac presented his market forecasts for the third trimester 2010. Carmignac on having spoken about the possible investment strategies. it is fixed and emphasizes the gold as value sheltered. Since the agent is afraid of new shakes as for the European crisis. Before this conjuncture, Carmignac has increased his weighting of the gold-mines of 10,8 % to 14,7 %.
15-07-2010 Lone
The gold respects the upward guideline
The tendency of the gold keeps on being a bull, although possibly she is turning out to be braked by the increase of the appetite for the risk untied by the results. Nevertheless the conditions keep on being supported for major rises, the FED begins recognizing problems in the recovery of the USA, which till now was turning out to be compensated on a global scale by the Chinese growth and now the Chinese information shows also a deceleration. This deceleration and the fall of the dollar will help to the gold as alternative assets.
11-07-2010 IECO
The gold is an option again for the conservative investors
The gold renews his sheens. In suspense times, nothing better than to return to the sources. This premise is continued by many conservative investors who, with the international markets in turbulent waters, reject bonds and actions and get overturned to the gold.
“The most conservative investors tend to shelter in this type of assets that act like a value reservation. Here there is no risk that they collapse because a bank fails, like raisin with other financial assets”, says Augusto Posleman, manager of Banking of Individuals of Bridge.
Although the principal motivation of the savers who get overturned to the gold is to protect the value of the capital, in the last times the metal turned out to be an investment with attractive yields. Test of this is that in 2008 the ounce was costing 600 USD, and this year has gone so far as to quote 1.300 USD.
It advises to be invested in gold from these premises:
* To achieve the diversification of the portfolio, incorporating new assets into the portfolio.
* For profitability. In 2009, the yield was 24 %, and in what goes of this year 2010, 13 %.
* For liquidity. The gold enjoys a wide market of buy and sale on a global scale.
The ultra-conservatives choose to buy the physical assets: to take to his safe coins or golden ingots.
“When the crisis slackens we might have a fall in the price, but nothing indicates that it should be going to fall down. There are no bubble projections. The value of the gold is much tied to what happens on a global scale and we believe that, in the short term, this suspense level is going to be supported”, says Posleman.
02-07-2010 iEco
Bonds and gold, the best investments of June, 2010
For the side of the traditional investments, in a very volatile June, 2010, the gold won with a rise of 2,2 %.
An analyst explained to the portal MarketWatch: "The people are tired of the Bonds of the Treasure with nonexistent valuations, they are afraid of the stock market and are afraid that the recession has form of W.”
01-07-2010 Lone
The gold accelerates the consolidation
It was of waiting, the gold supports a strong upward tendency, which also sees acceleration in successive fanned channels. The movement cannot be more orthodox. After reaching new maxima, it consolidates and takes again impulse, which overcomes the previous maxima.
The motives for trusting in new rises of the gold are still current, the search of refuge derived from the economic suspense in Europe, to which the disappointing information adds macro that are coming to us from another side of the Atlantic Ocean, like the acquaintances today from unemployment requests, ISM of manufactures and hanging housings, keep on insisting on the possibility of a double recession.
21-06-2010 the Universe / New York Steal
The current financial suspense returns the sheen to the gold
Inflation, deflation, public debt or the fall of the Euro - what is - the bogey of these worries has untied a career towards the gold, provoking new rises of the precious metal and illustrating how the fears of an economic agitation have moved from the margins to the domineering current.
And the golden buyers, often rejected like eccentric that accumulate ingots in the cellar, now have his opportunity.
The most visible new enthusiasts of the gold go of the commentator of Fox News, Glenn Beck, to the financier George Soros, with even some serious types of Wall Street that develop a case of fever of the gold.
Although his language can differ, they share a fundamental perspective of which the most ancient golden refuge is excellent again, especially since other assets as actions and national currencies show weakness signs.
Private investors are following his example in the whole world.
The house of American currency is remaining without golden coins,
and the South African increased the krugerrands production in 50 % at the end of the May, 2010, at his highest level in 25 years, for an active European demand.
The crisis of the debt in Europe and the subsequent fall in the value of the Euro is the most recent catalysts for the rise of the gold. But the deepest worry is that even in the United States, the governmental loans are untenable and the hour of the truth approaches. The sales of golden coins of an ounce with the American eagle were trebled in May, 2010, with regard to the previous month.
If the governments print more money to liquidate his debts, he says the reasoning, the inflation will destroy the value of the Dollar, the Euro and any other paper money, what will improve the value of the gold.
What is more, since there are improbable the increases of taxes and Europe is to the rim, the unthinkable thing - a mulberry in the sovereign debt or the collapse of the credit system - has turned pensable.
08-06-2010 expansion
The gold and the Swiss Franc share new records
The assets I shelter they shine in the middle of the crisis. The tension that the markets reflect clears the way for the records of some of the assets I shelter more outstanding figures. The price of the gold reaches unpublished levels over 1.252,40 dollars the ounce, and the Swiss Franc extends his historical maxima opposite to the euro (1,378). Come up the meeting, the financial markets contemplate a wave of historical maxima between some of the assets most demanded in periods, like the current one, dominated by the new outbreaks of panic.
03-06-2010 EcoTrader
Does he want upward assets? Look at the gold, because it is indisputable that it is in free increase
If there are assets that can get well over the storm in the moments of nerves and volatile nature on the markets, this is the gold and, after recovering after a correction, the yellow metal has become stronger again. For it, it is completely in free increase. The gold offers us one of the best upward profiles in the current moment. The strategy that Bolságora has been employed at last months on the gold is yielding excellent fruits. In this sense, the absolute free increase of the excellent gold is already a fact after the recent pullback to the clavicular of the formation of head and shoulders inverted (HCHi) in upward continuity.
25-05-2010 expansion
The investors look for refuge in dollar, gold and German debt
The red numbers flood the markets, but the investors always find exceptions. Part of the money that goes out of the bags, of the euro and of the peripheral debt search sheltered in the dollar, in the gold, and in German and American debt.
The climb of the dollar, the currency that monopolizes the commodities market, does not avoid new advances in the quotation of the gold. The price of the precious metal, one of the assets sheltered par excellence, it is supported to a step of his historical maxima, on 1.200 dollars.
20-05-2010 LD
Why does not he send the fever of the gold?
Last Friday, the 13-05-2010th, the agencies were spitting the least news news about the whole day: the golden ounce was overcoming 1.000 Euros for the first time in the history. Everybody knows what there are 1.000 Euros, how much finds it hard to gain them and what can do with them, but nobody (or almost) knows to true science what is a golden ounce, how many space it occupies and his exact weight. The ounce troy, a unit of taken measurement of the Anglo-Saxon countries, is, at least physically, a triviality. It weighs 31,103 grams, approximately the same as four coins for 1 Euro. To the being the gold much denser than the cuproníquel with whom the Euros are minted, the ounces troy are really small, of the size of a square of a chocolate tablet that, not by chance, we call an ounce.
This insignificance costs today the equivalent to the salary of million Spanish, when only a decade ago was costing a tenth part.
And it is not that the gold has gained value, the fact is that our currency, the Euro, expressed to the crazy thing for the central bank and multiplied by the commercial banking, costs less and less.
The equation is simple. The value of the gold remains stable, which changes is that of the fiduciary currencies.
And everybody knows that although nobody wants to recognize it.
As backdrop, the weakness of two principal currencies, envilecidas up to the exhaustion by means of plans of rescue and debt monetization.
The gold, in contrast to the Dollar or the Euro, does not know of politics, does not marry anybody, lives to the tirios margin and troyanos, limits itself to serving as value modality. For that reason it rises and it will keep on rising.
16-05-2010 Agencias/ElEconomista
The gold adapts itself to all the surfaces
To the gold it does not matter to him that the nervousness gets worse on the financial markets or that they return the inflationary fears. That the dollar raises or goes down. The gold emerges in all the environments like investment alternative. He has confirmed it this week with a new record.
On the financial markets there are products that adapt themselves better to a few conditions than to others. The surest assets adapt themselves better to the hard times. In these moments there is a financial asset that adapts itself to all the circumstances.
It is the gold.
His chameleon-like adaptation capacity is observed in a fact: it walks his 10th consecutive upward year.
With everything what it supposes, because from 2001 the markets have gone along along the prick of the technological bubble between 2000 and 2002, the epoch of growth crossed between 2003 and 2006 and the current crisis, initiated in 2007.
In these 10 years, it accumulates a revaluation of 355 %.
This trajectory has hastened in last 18 months, that is to say, from the weeks later to the failure of the bank Lehman Brothers. In this interval, the ounce has appreciated 74 %, a climb that has finished off this week with a new historical record.
In the latter stage started in November, 2008, the gold has showed his two most well-known attributes:
a) his alternative condition to the dollar between March and November, 2009
and
b) his assets nature I shelter in the last half a year.
Several motives explain his irruption like defensive shield, as the experts of Société Générale underline.
For some, it owes to “the flight towards the quality from the assets in Euros for the fear of more sovereign crises”.
And for others, “to the comeback of the inflationary fears before the expansion of the balances of the central banks”.
15-05-2010 DB
Analyst Deutsche Bank: "In the next 6 months, we might see an increase of 25 - 30 % in the value of the gold”
The distaste to the risk keeps on prevailing, and that the fact that the gold moved to the rise in parallel with the dollar only reinforces the inclination of the investors in favor of the gold.
Dan Brebner, analyst of Deutsche Bank, said:
“To predict what might happen next is extremely difficult, but the indications are upward. We have seen this type of ambience earlier. What is upward for the gold, is the simultaneous fortitude of the dollar. Similar to Finnish that thing about of 2008 and beginnings of 2009, after the Lehman failure, a period of high distaste to the risk. In the next 6 months, we might see an increase of 25 - 30 % in the value of the gold.”
15-05-2010 PFGBest
The people are protecting his wealth with golden buys
Michael Daly, specialist in golden futures of the brokerage PFGBest in Chicago, said:
“The economic suspense should support the prices of the gold. There is many worry with the European Union and the investors are tired now. If the central banks keep on printing money on this rhythm, there will be inflation and I believe that the people are protecting his wealth with golden buys.”
14-05-2010 Mamvas
JPMorgan: "The gold initiates now an unlimited phase to the rise”
An executive high place of the bank JP Morgan has supported that the gold will initiate an increasing demand that will make him break all his prices goals. John Bridges, bet that the weakness of the euro and the suspense with regard to the dollar srá a “very good sign for the metal”.
Since I have indicated in other articles, the gold fulfills normally his goods roll. But in circumstances of high risk, like the current ones, the investors lose the confidence in the coins. And since the golden offer is much smaller than the monetary offer, the golden demand can climb up to the clouds.
14-05-2010 Bolságora
The called block of the gold and the analogies with the Big Depression
The analogies with the Big Depression are not encouraging at all. In these days, many commentators do analogies between the current crisis and the Big Depression, not only for the similarity between the stock-exchange falls (the first shock (2008-2009), recovery and relapsing, which is what it would touch now), but also between other more political aspects. Between them, the called “block of the gold” that operated in Europe in the 30s after the USA was leaving the gold standard in 1933.
This group of countries with his coins tied to the gold was forming a species of embryo of the European monetary system, composed by France, Belgium, Holland, Switzerland, Poland and Italy. The only politics that these countries had when they were suffering an exit of funds, like that we have seen in the peripheral countries in last weeks, it was the deflation. But that led to a few economic and social tensions so serious that France, which was leading the movement, ended up by breaking the agreement and leaving the gold standard in 1936.
And so, the attempt of supporting an artificial monetary stability in Europe finished in an expensive defeat in the 30.
Will the same happen now or this time can be avoided?
13-05-2010 Blogs Cinco Day
The gold, a winning horse
We live through moments of strong suspense, also on the financial markets. It is not easy in finding a winning bet that does not turn into a mortal pitfall on the following day. One of the assets that, in a fascinating way, works one year after other as value refuge is the gold.
The quotation of the gold accumulates 9 consecutive years of revaluation and in all except in 2001, with advances superior to the inflation. The profit accumulated in this space of time is 300 %.
To this increase it is necessary to add 13,4 % additional that the precious metal registers in what goes of year.
12-05-2010 EFE/El Economista
The gold marks a new historical maximum over 1.245 dollars
The gold continues his unstoppable climb. The precious metal has overcome the level of 1.245 dollars. This way, it has established his historical maximum of all the times, helped up by the money of the investors who flee of riskier assets and of the suspense that the European situation has sowed in the currencies.
Sample of which the investors continue without seeing the situation with clarity, is that they look for alternative places to place his money despite the multimillionaire plan of rescue announced by the European Union (EU), and the gold is one of these sure refuges.
“The gold is very expensive, but the investors, especially in the euroarea, they are leaving aside his currency and investing in the metal. There is a lot of fear between the Europeans from whom the measurements to mitigate the crisis of his debt only end up by bringing more problems”, points Adam Klopfenstein, strategist of market of the signature Lind-Waldock, in declarations gathered by Bloomberg.
The experts are afraid as well as the extra expense that there are going to confront the countries that share the European currency derives in an upturn of the inflation, a macroeconomic stage that traditionally also serves like investing attraction towards the euro.
12-05-2010 the Economist
The gold marks historical maxima
The gold is located again in free increase after marking yesterday new historical high places.
The gold remains led an excellent behavior since it was touching fund in December, 2008, in the middle of the suspense generated by the economic explosion of the crisis financier, who has led it to being revalued since then, more than 70 %.
There are many motives for which the gold is an attraction again but undoubtedly lately it has gained points in many investors for his condition of active refuge for all those who want to avoid to be in excess exposed to the current one the situation of the highest volatile nature of the markets.
11-05-2010 Lone/Finanzas
The gold in free increase
The gold manages to overcome his historical maxima with upward energy.
The market supports the doubts about the aptitude of the peripheral countries to reduce his fiscal shortfalls and the gold like active refuge, he does not also seem to believe too much in the Plan of European rescue, being supported in his upward impulse and overcoming already during the meeting, his historical maxima in 1.226,5 dollars.
A new fortitude test with what it stays in technical situation of free increase, in search of new maxima.
10-05-2010 the Economist
The gurus show his letters: his experts are the American banking and the gold
They are famous, rich and any of the movements that they realize in his portfolios is looked by them with magnifying glass by the market. To be considered to be a guru of the financial markets is what it has. Nevertheless, rarely they coincide with his investment styles.
In fact, if there are analyzed the principal positions that they have at present investing like Warren Buffett, Ken Griffin, John Paulson, David Tepper, Carl Icahn or George Soros, is seen how only they coincide with two things:
the majority trusts in the potential that presents the North American banking
and in the active excellent refuge, the gold.
07-05-2010 LD
Why will the euro keep on depreciating and the gold will be still upward?
The euro does not depreciate for an international conspiracy but because, after the Greek tragedy and those that they watch in the horizon, it has lost the confidence of the investors.
A currency costs the equivalent to the confidence that inspires the one that expresses it.
Centuries ago, when the money was minted in precious metals, the king of Spain was present astonished at how the Spanish sheepskins were losing the whole credit in Europe, because the monarch the maleaba cruelly to pay wars and other unnecessary wastes.
The Spanish crown, which had been a very trustworthy issuer at first, lost the confidence of the buyers of currency.
Those that they were not defrauding, like the Republic of Venice and his duchy, that is to say, those that they kept on minting in gold and silver, were supporting the value of his currency.
The market is blind and his verdict is just and inappealable.
Now, although the money is state and is minted neither in gold nor in silver, and the paper money is an only one small fraction of the whole money supply, the value of a currency continues fixing the market of claimants and bidders of money.
The only thing that is going to support and increase his value there will be the gold and other metals that they neither have, neither hope, they do not even need a Central Bank that governs them.
07-05-2010 the Economist
The panic shoots the price of the gold
The fears of that extend the debt crisis like the gunpowder to other countries of the Euro area it provoked that the investors were fixing his look again in the gold.
The precious metal acted like refuge and test of it is the line of sail that left us in the yesterday meeting and that the oriental operators know like marubozu target.
This big sail line with an enormous white real body overcame definitely all the resistances that up to this moment were trying to prevent the gold from entering free increase. In these moments only there stays the last obstacle that appears at a height of 1.225 dollars, this is, the area of historical high places in the metal. To overcome it is something that we consider to be quite probable and it would place to the gold in absolute free deep Franc, leaving the way cleared for an adventure that might be historical and that only a context of minor international suspense might stop.
06-05-2010 five Days
The European investors shelter in the gold
Mark O'Byrne, executive director of the signature of values Goldcore, explains:
“We have perceived an increase of the golden demand on the part of our European investors in the last weeks, and I believe that for the American clientele the interest has been rather flat.”
30-04-2010 finance
The suspense on the Greek situation makes to increase the sheen of the gold
One of the assets that better is behaving in the last meetings is the gold and the experts believe that this interest can continue.
The degradation of the bonds of the state of Greece at level garbage and the low qualification of the debt of Portugal, has provoked a fall in the Euro and, on the other hand, it has shot the golden demand, since many investors are looking for a value sure refuge in these times of financial crisis.
In this sense, it is very possible that we see sudden increases like this one in the next future, especially because simply an easy solution does not exist for the problems of Greece, Portugal and other countries with imbalances in his finance.
The destabilization of the markets makes the bogey of the inflation reappear and the most conservative investors look commodities, but especially, the durability of the solvency of precious metals as the gold.
30-04-2010 Cardinal Barclays
Barclays upward tendency of the long-term gold
The gold is in these moments concerning his maxima from December, 2009, over 1.200 dollars. In this sense, in the British signature Cardinal Barclays, they think that since the speculative positions have gone down from his maxima of December, 2009, the demand of the investors is probable that it keeps on being the support of the new upturn to the rise and our technical analysts believe that the last rises announce the comeback of a more long-term upward tendency.
27-04-2010 Lone
Consolidation prayed in upward tendency
The gold supports his general upward slant since it was reacting to the base of the intensive upward channel.
27-04-2010 the Economist
I pray: We keep on thinking that it is a good moment to join
We take several weeks analyzing the most important moment for which any time crosses the curve of prices of the gold think that it might be for the sake of recapturing the upward tendency that it defines in average and long period.
26-04-2010 Lind-Waldock
The people want to have his money in a strong currency, in metals like the gold
Adam Klopfenstein, principal strategist of market of the unit Lind-Waldock of Global MF, said:
“With more questions on the debt of Greece, the people want to be in a strong currency now.
Although the Dollar has been a refuge, the people begin to feel that the Euro has depreciated more than it should be.
The people want to have his money in metals like the gold.”
22-04-2010 LD
Trainer DAX: "The FED must be abolished, it is the biggest octopus of the system”
Dirk Müller is the most famous Fráncfort stockbroker and perhaps of all the European parquets. In an interview granted to Handelsblatt apart from quoting the Austrian economist Ludwig von Mises who, although he died almost 40 years ago, described in the “Theory of the money and of the Credit” the present crisis with accuracy, defining exactly the causes of an uncontrolled expansion of the credit as that they have carried out the central banks in the last years, Müller serves himself as much as one wants with the central banks, the TV/radio commercials, the European Union and the financial markets. The message that he sends is not precisely an optimist.
According to Müller, the problems have not been solved, “simply they have been postponed” to go “gaining some time”.
Dirk Müller defies the political correction and says what many do not dare.
It is necessary to abolish the FED!
The foundation of the FED in 1913 was something similar to a coup d'état. The big American banks live of the FED and this way they determine their own money-market rates and control the money of the State.
21-04-2010 the Economist
I pray: Bull or bassist?
During the last months the curve of prices of the precious metal has moving inside a quite irregular wide side phase that reflects to the perfection the indecision of the market provoked by the effect dollar and an increase of the expectations of inflation. The central banks of the emergent economies begin already to center his attention on the inflation, increasing the probabilities of which we could help to a tensionamiento in the monetary conditions of widespread form. In this sense, the India has just raised types and everything points that Australia will continue this way and not only they, but Singapore might be on the point of revaluing his currency, like precedent of a similar movement of the Chinese authorities as regards the yuan. All this might be a catalyst of future increases in the gold and would fit in what we are observing in his quotation.
20-04-2010 Reuters
Turkey golden exports will grow 20 % in 2010
The president of the principal Turkish jewelry shop, Atasay, said that he foresees that the exports of jewels from Turkey, an important producer, grow 20 % this year 2010.
17-04-2010 Cotizalia
Martinez Campuzano (Citigroup in Spain): "It is necessary to make use of the volatile nature of the gold to accumulate portfolio”
In these moments, the gold is benefiting for the factor refuge, the tension that dollar - yuan exists the markets for the pressures and also for the fundamental proper ones of the prime matters.
In conclusion, there are many factors to be born in mind in favor of the gold. The problems of public debt of several countries, the inflation, the commerce, the financial sector …
If the gold manages to break 1.220 dollars we might see increases enlarged up to the end of the year 2010 that might come up to the level of 2.000 dollars.
16-04-2010 Financial Times / Expansion
GFMS - The price of the gold will keep on increasing in short and half term
In his annual report on the market of the gold “Gold Survey 2010 ″ of GFMS, which realizes a pursuit on the offer and the demand of the gold, communicates that the price of the gold will keep on increasing in short and half term; the signature makes sure even that “there are a lot of possibilities” of which the gold overcomes 1.300 dollars the ounce troy during the next 6 to 12 months.
The golden investments doubled in 2009 up to reaching 58.000 million dollars.
In the opinion of Klapwijk, the return to the worry on the global recovery, and in particular, on the situation of the public finance of the USA, it would unleash again the interest of the investors in the gold, provoking new maxima.
The demand of the gold on the part of the investors went off the year 2009, overcoming to the jewels demand for the first time from 1980.
Comment: According to a reportage of the portal CommodityOnline it has been known that the golden imports on the part of India have raised 477 % to interannual scale (March 2009/March 2010), of approximately 4,8 tons it was doing approximately 27,7 tons of gold. Source is the Bombay Bullion Association.
15-04-2010 the Economist
An attractive investment in short and long term? Do not lose of sight to the gold
The persistence of the suspense propitiates that the gold keeps on being a protagonist to the being the active excellent refuge for the investors, a condition that is translated in a revaluation superior to 6 % in 2010. Before this situation, the experts think that the gold might close the year in 1.200 dollars the ounce, even some of them aim at that might reach his historical maximum of 1.227 dollars. Reason for which they recommend to invest in the gold.
Comment: The article contains the most serious mistake saying that to invest in the gold you are provided with only 2 possibilities:
1. In the short term by means of quoted fund or ETF, and
2. In the long term by means of an investment fund.
The golden ETFs do not have already cubertura if they want to change the role into metallic gold, the stores are empty, excluded 2 values Swiss ETFs, the rest does not have physical gold, it is a speculative and burned role, without guarantee, it is to throw his money away, it is anticipated that the entire mass of the ETFs of sold gold is 10 times more of the gold that exists physically in the world.
Who want to know more, for what the last articles about Comex look in any searcher (in English), LBMA, and the special one on Canada.
For which there is very serious the act of recommending persons of investing his money in the casino of golden ETFs or any another golden option in role.
Apart from everything, the article excludes and forgets of mentioning
WHAT ONLY AND BEST WAY OF INVESTING IN GOLD IS
TO BUY PHYSICAL GOLD IN THE SHAPE OF INGOTS OR COINS!!!
12-04-2010 Cotizalia
The precious metals warm with the rescue Greece: The gold marks maxima of 4 months
The gold rises strongly this Monday and reaches his highest level in the last four months like alternative to the dollar - that loses positions opposite to the euro - and to the bonds, after the rescue bundle has been known for Greece.
The markets take fever as the gold again.
According to Bloomberg, the hedge funds and big investors increased his position in the futures of the gold last week.
According to the information of the Commission of Futures markets of Prime Matters the long positions are going to rise.
This way, SPDR Gold Trust, the biggest fund endorsed by the precious metal, raised in 0,61 metric tons of gold his reservations up to a 1.141,04 tons record.
Goldman Sachs has published a bulletin in which it fixes the price of the gold for the next 12 months in 1.320 dollars.
06-04-2010 Lone
The gold in 50 % of recovery
The falls keep on being quickly profiteers for the buyers.
30-03-2010 the Economist
Interview - Cooper, analyst of precious metals in Cardinal Barclays
“The rise of the price of the gold is given by an increase in the demand of the investors. At present the golden buyers enter on the market with a long-term strategy and depend so much neither on the interest rates nor on the inflation.”
* Does exist any metal that could substitute the gold as value I shelter?
- “I do not believe that there is a raw material that could substitute the gold. Although it is only because the banks use it in his reservations, already it has a characteristic that does not have another raw material.”
30-03-2010 LD
England - Brown: where is the British gold?
The British prime minister, Gordon Brown, will have to explain his polemic decision to sell the golden reservations of Great Britain when he was the Secretary of the Treasury. Between 1999 and 2002, Brown ordered to sell 395 tons of gold of the 715 that in whole the Bank of England was possessing - more than half of the reservations - I joust when his price was marking his minimal value in 20 years. Since then, the price of the gold has multiplied for four. Brown sold the British gold in 17 auctions celebrated between 1999 and 2002, at a price that ranged between the 256 and 296 dollars for ounce. The money obtained by the sale of these assets invested in the buy of fiduciary currency, in particular, dollars, euros and yenes. Nevertheless, in the last years the price of the gold has gone off. As result of the above mentioned sale, the British taxpayers have lost not even any more less nearly 7.800 million euros.
27-03-2010 Cotizalia
Who guides the steps of Soros and Paulson? Kaplan is called and he bets for the gold.
John Paulson and George Soros have many things in common. There are two of the big sharks of the industry of the hedge funds, both investors have obtained succulent profitabilities thanks to his controversial, his names appear between the richest of the world and now a multimillionaire stranger who bets for the gold guides his steps. His name is Tom Kaplan, he is 47 years old and is native to New York.
Kaplan is at present one of the principal shareholders of NovaGold Resources, a Canadian company that has entered the radar of the big agents of hedge funds and that, according to Forbes, lacks income and it registered losses of 352 millions in the last three years. This company devotes itself, to big features, to the exploration of grounds in search of mining deposits. Once located, signatures of major size are those who later exploit them.
According to the publication, Kaplan bought, across his company Electrum Strategic Resources, 28 % in NovaGold for 70 million dollars in January, 2009 with the intention of being increasing his participation. Since then, his value in the company has quintupled.
20-03-2010 the Gazette
The best gust of the gold in 40 years
Evy Hambro (BlackRock): "The gold is experiencing a clear bullish market. In 2009, ninth consecutive year of positive profitability - the longest winning gust in 40 years - raised 27 %. Will it continue in 2010? Yes, the factors that have cheered it up are still current, headed by the worry for the dollar or the long-term inflation. And they are not going to lose importance.”
As the price of the gold expresses itself in dollars, it is tied to the fortitude of the green ticket. Nevertheless, real assets, the golden quantity that is possessed will not change to the being for the fluctuations of the currencies; that's why, the investors come to the gold when the dollar weakens.
15-03-2010 Lone
The gold enters buys in the 1.100
From a wider perspective, the gold supports an upward tendency in the half term.
15-03-2010 Reuters
HSBC Taiwan - Price Prayed 2010 it will raise 16 % in 2010
HSBC anticipates that the prices of the gold to the few one would raise up to 16 % to between 1.200 and 1.300 dollars the ounce this 2010, while it would gain technical support in the level for 1.050 dollars.
08-03-2010 the Andes
The gold becomes strong like an option of the dollar
Investment alternative. In turbulency times, the gold threw valuations of profitability of 17,5 % in 2008 and of 26 % in 2009. A refuge for the savings.
In the last 10 years the price of the gold has come growing in slow but sure form. Today the quotation of the precious metal grew of the hand of the heyday of the commodities and, when the international crisis exploded last year, he pressed the gas pedal to be consolidated like refuge assets on a global scale before the doubts that cause the dollar and the euro.
The gold is historically the refuge of excellent value. His acquisition is advisable in moments of political and economic turbulencies on a global scale, since it offers interesting rises for the biggest demand.
03-03-2010 Lone
The gold overcomes 50 % of recovery
The gold already supports his upward footpath superficially of 50 % of recovery of the previous fall, supported by the recent falls of the dollar that low the price of the prime matters and the problems of the sovereign debt, which does that the investors prove to be less inclined to invest in currencies, moving towards the gold. The gold respects his intensive upward channel and the last falls it is necessary to frame them like healthy consolidation movements between the roof and the base of the channel, without harming the fund tendency.
21-02-2010 ABC
The crisis of confidence in the markets shoots the quotation of the gold
In full crisis of credibility of the markets and the financial system, aggravated by the fears on the situation of countries of the periphery of the Euro area, the golden buying and selling receives leading role. The increase of the price is part of a tendency to the rise that began at the beginning of the decade and it will extend up to reaching unusual levels, if the international economy does not correct the suspicions before the depreciation of currencies and the expectations of inflation.
The vice-president of the Spanish Association of Precious metals, Marion Mueller, supports that before 2015 there will close a cycle of historical maxima, which will catapult the price of the gold over 2.000 dollars, for which a parallel evolution of the demand will not be necessary. “We are in a cycle in which the people are full of structured, synthetic products, apalancados, things that nobody understands. That's why they have come to the gold, the only currency that does not depend on the confidence that settles in a Government”.
And Soledad Pellón, of IG Markets, indicates: "The value of reference when there suffers the credibility of the governmental organisms is the gold.”
18-02-2010 the Economist
The gold looks for the upward side
Attentive to the evolution of the gold, which might be about to be rearranging to the rise and recapturing in any moment the upward tendency. At the moment, the price curve has reached his first area of horizontal resistance, this is, the origin of the last downward segment, and there it has seen his braked ascent. This is something that might end up by being very positive inside a hypothesis of upward restructuring by means of a figure of shoulders and head invested.
16-02-2010 Cotizalia
The gold registers his biggest increase in 3 months for the fear of the sovereign debt
The gold shoots at the heat the rescue of Greece. The investors speculate on the possibility of that half-closed the fears of the Hellene sovereign debt catapult the demand of the gold as alternative to the role. The suspense I half-close to the rescue they are serving as catalyst for the behavior of the gold on the markets. Today all the looks were put in the meeting of the Council of the Ecofin, composed by the Secretaries of the Treasury and finance of the European Union and the meeting has concluded without concrete measurements on the future of Greece.
LaSalle Futures Group was assuring Bloomberg: "There is an absence of faith in the role that is the one that is leading the market. There are too many problems with the sovereign debt and also many countries printing money. The gold is the active only one that I would like possessing in this moment.”
16-02-2010 Cotizalia
JP Morgan last the buy of RBS Sempra Commodities for 1.700 million dollars
JP Morgan is on the verge of closing an agreement to buy the joint venture of prime matters of Royal Bank of Scotland, RBS Sempra Commodities. The number of the operation, as reccogen several means of English speech, it might reach 1.700 million dollars. The target of the American investment bank is of expanding his activities of energy and metals.
10-02-2010 the Economist
How to survive the explosion of the global bubble of the debt
“The big crisis is coming, and it will be major than the fall of the puntocom in 2000 and the explosion of the bubble of the mortgages suboccupies first place together. A gigantic market blackout”, there augurs Paul Farrell, reputable columnist of MarketWatch. This big cataclysm will be the explosion of the bomb of the global indebtedness.
After this explosion, “do not wait for a typical downward correction followed by the upward mended correspondent. The pseudo poisonous capitalism of Wall Street is imploding. Be prepared for a massive collapse, the third big bubble of the XXIst century, provoked again by the uncontrolled bigwigs of the banking”, warns Farrell.
The investors keep on wondering what to do: to buy gold, to invest the casualty, to buy and to support in the long term, to make the portfolios static …
08-02-2010 SemanaEconomica - Ricardo V. Lake
Wong, dollar, euro and the stampede towards the Gold
To give him an idea of the relation between the debits in dollars of the FED (the central bank of the USA) and his golden tenancy, know that both would be equal at a price of the gold for 11,000 dollars for ounce.
My conclusion. I pray for above, euro for below, and dollar and pound sterling even more for below.
The inflation one comes ahead in the USA, Europe and the United Kingdom.
04-02-2010 SemanaEconomica - Ricardo V. Lake
Soon the stampede will be resumed towards the Gold
Initially the investors have turned to shelter in the dollar Cash and in Bonds of the Treasure of the USA. The effect has been an appreciation of the dollar.
This has owed to 2 factors of short term, although I am sure that the dollar is an alone ephemeral refuge:
1) It escapes of positions in Euros for the debt crises in the mentioned countries
2) Carry's reversion trade with given dollars. What explains partly the fall today of the price of the Gold and other precious metals, since some investors have had to undo carry's positions trade (of dollars given to Gold), selling Gold and comprandodólares to pay the debts in dollars.
Nevertheless, to my judgment, the refuge in dollars this time is transitory for fear of the medium-term effects of the celebrations of dollars of the FED and of the monumental deficits budget for them foreseeable of the Treasure of the USA.
WHAT ONE COMES AHEAD IN THE NEXT DAYS AND MONTHS
Where are the investors going to shelter then?
My prognosis is that soon we will be witnesses of a stampede of sale of dollars and euros to buy Gold and other precious metals, bonds of emergent, and a little later - spent the correction of the bags - actions, but like protection from the inflation not because they are going to improve, in the developed ones, the benefits in real terms, of the companies. Conclusion: the inflation one comes in the USA and Europe.
There reappears in scene the problem of the "snowball" of derivatives and with her the bogey of the second “Black Swan” and hence more problem in the big banks.
06-02-2010 LD
Opposite to the crisis, precious metals
Not everything what shines is a gold. Platinum, silver or palladium are also an excellent investments and an unbeatable way of preserving the value in these times of crisis and monetary inflation. The precious metals do his August. Four captains of the value are the gold, the silver, the platinum and the palladium. The four have been revalued in the last years, and the four will keep on being revalued in the future due to the black world economic expectations and to the persistent maleamiento of the dollar that is perpetrating the Federal Reservation.
01-02-2010 LD
The perspective for the gold in 2010
Since Warren Buffett usually says: "I buy when it sells the whole world (and vice versa).”
As for the price of the gold, all the arguments in the favor keep on being intact. In short: minimal or even negative real interests; danger of high inflation; dilution of the role current money; geopolitical tensions and suspense on the economy and the financial system; big demand of China, India or the Arab countries, between others; limited offer that has already overcome his maximum in 2001; the new roll of the central banks (as a whole they buy more that they sell, what it has never happened in the last years); increasing escape of the investors towards real values …
01-02-2010 LD
How will the price of the gold evolve in 2010? It will keep on rising
The stimuli and the debt have eroded the value of the currency in the whole world untying an inflation that is not even perceived in the IPC but yes in the price of the gold that, with complete certainty, will keep on growing in 2010.
Then: will it keep on raising the price of the gold? With complete certainty yes. The less it costs the credit of the State, the more the gold and the prime matters. And it is not a scarcity question, - today in fact there is any more available gold than 10 years ago, when it was to 250 dollars - but of confidence in the word of the Governments and in his reliability like issuers of fiduciary currency.
So everything indicates that the gold will keep on rising this year 2010 and the most probable thing is that it keeps on doing it during the rest of the decade.
31-01-2010 Tressis
They turn to give credit of the gold
In the last funds monitor hedge published by Bank of America Merrill Lynch, the following positions stand out in portfolio: in variable revenue the hedge have been long of Nasdaq and 500 show short positions in S&P; as for prime matters, long positions in gold and crude oil accompanied of short in natural gas.
30-01-2010 Newmont
Newmont Mining: "Gold will come to 1.500 dollars for ounce”
Richard O'Brien, CEO of Newmont Mining, the second producer of gold on a global scale, predicts that the golden price might come to 1.500 dollars for ounce in the long term, while this year 2010 would place in a status of between 1.025 and 1.250 dollars. The executive pointed out that any fall below 1.025 dollars would be untenable given the demand for gold, which includes his uses as coverage of inflation and refuge of value.
28-01-2010 Barrick
Barrick: "Upward tendency of the gold is here to remain”
The president of the principal auriferous company in the world, the Canadian Barrick Gold, Peter Munk, also pointed out that he hopes to see to the gold being quoted at major prices in the future. Munk said to Reuters that the price of the gold can be volatile, but that his climb still does not finish: "Although there could be a compensation for a space of 2 weeks or 3 months, the tendency is here to remain”.
28-01-2010 Lone
The gold attacks critical levels
The fortitude of the dollar keeps on pressing to the prime matters and with them to the gold, fortitude that does not seem that it is going to diminish, in view of the increase of the distaste for the risk that the markets suffer. Other factors that are influencing the fall of the gold, are the adjustment of the monetary politics and the possibility of a minor demand of the investors as a result of the restrictions to the American banks that would see his possibilities of liquidity reduced for the investment in prime matters.
Even in spite of it the survey Reuters, it points out the consensus of which the prices of the gold should continue to the rise in 2010, for the low money-market rates and the worry for the inflation and it is foreseen that the prices are still stable in 2011. The opinion poll suggests that the price of the gold will divide equally 1.150 dollars the ounce in the 2010 13 % superior at the average price of 2009, although much underneath of the maxima reached by the gold in December.
19-01-2010 finance
Saxo Bank - Perspectives for 2010: "The gold still has a long way ahead”
So much in revaluation of price as of years of growth. Sometimes it will be volatile and it will be exhibited to quarterly or annual descents of 30-50 %, but the general tendency will be upward. Saxo Bank places the target to one year in 1.200 USD/onza and to 5 years in 1.500 USD/onza. Nevertheless, in the short term, he thinks that the gold has been dominated by a component speculation high place and that a correction might take place after a rebound of the USD. A change in the United States that was pointing, before the due thing, towards the hardening of his monetary policy might supply a negative effect on the price of the gold. Nevertheless, he does not believe that this the year 2010 happens up to good brought in or perhaps further on.
19-01-2010 the Economist
The Dough Letter - Gold can come to 3.000 - 5.000 dollars
The best newsletter of 2009 was The Dines Letter, edited by James Dines, with profitability of 133,6 %. In spite of a deflationary vision, Dimes supports his optimism on the long-term gold, and believes that it can come to 3.000 - 5.000 dollars for ounce. That's why, he recommends mining values although they have already raised 90 % in 2009, since he believes that they can turn again.
The Dough Letter
19-01-2010 the Economist
Stiglitz: the current financial system is much more fragile than before the crisis
The world financial crisis does not approach his end and 2001 will not end before 2013, despite the optimism of bankers and the people of Stock Exchange, according to the Economy Nobel Prize, the American Joseph Stiglitz, who warns that they press measured and a global answer to the problem. Also, it pointed out that the financial system is much more fragile.
“The world, insurance that, it will go out of the crisis neither in 2010 nor in 2011. Perhaps not in 2012 and 2013 ″
Stiglitz proposes a new global reservations system, with a single currency, because there is necessary a multilateral system that does not depend on the currency of any concrete country.
16-01-2010 expansion
The gold in maxima area
The big suspense that presents at present the global variable revenue, after a year of exceptional and unexpected profitabilities, does that the gold could lead a climb up to his maxima.
According to Miguel Freijo, of IG Markets: "The investment in gold, active excellent refuge, looks like a very interesting option in a few moments of economic suspense in that most of the financial assets does not generate profitabilities especially attractive.”
Moreover optimist proves to be the chief executive of US Gold Corporation, Rob McEwen: "The global prices of the gold might increase up to 5.000 dollars for ounce between 2012 and 2014 endorsed by the increasing weakness of the dollar before the increase of the debt of the United States.”
Deutsche Bank thinks, in the short term, that the prices of the gold might stagnate during the first semester of the year 2010 and recommends to bet for the sector known as PGM, which includes the metals platinum, palladium, rodio, iridium and rutenio.
15-01-2010 GMFS
GMFS - The golden demand on the part of the investors doubled in 2009 up to 1.820 tons
The counsel GMFS has just published the “Gold Survey 2009 ″ communicating that although the investors can buy more gold in 2010, and that the golden career continues. On a global scale the golden demand on the part of the investors has doubled in 2009 up to 1.820 tons, while the request of the area of jewelry shop fell down 23 %, up to 1.687 tons. In jewelry shop a 3.294 tons maximum was reached in 1997. The experts make sure that it would be necessary that the gold was quoting below 1.000 dollars to reactivate this demand.
GMFS predicts the golden price to approximately 1.175 dollars in the first half of 2010.
15-01-2010 five Days / Bloomberg
The central banks put the wick at the cost of the gold
The world has changed and the central banks do not want to remain anchored in strategies that were valid until the financial crisis has made them jump over the airs. Although the president of the Federal Reservation of the USA, Ben Bernanke, insists that “when there are problems, the whole world shelters in the dollar”, the true thing is that the green ticket does not shine already so much how formerly. The skepticism gravitates on the expectations of revaluation of the American currency and the central banks want to recover in health appealing an old friend: the gold.
14-01-2010 expansion
Upward perspectives for the gold, but with precaution
The gold is one of the assets that is attracting money in the last months. This precious metal raises 4 %, up to 1.140 dollars the ounce, in what it goes of year. In December, 2009 it marked maximum, on having overcome 1.200 dollars, which it confirms with 250 dollars to which it was quoting in 1999. The perspectives point to that his climb still has trip.
Last year, the investors acquired more gold than the jewelry shop buyers for the first time in 30 years, what indicates the high impact of the speculation in the prices, according to Financial Times.
14-01-2010 expansion
The 10 biggest risks for the economy of 2010
Important fall of the dollar in the USA.
A strong descent in the value of the dollar in the USA as regards those of the principal commercial associates of the USA would have an impact in the economic and financial system of the whole world. The dollar would see being in danger his status as currency sheltered, what would provoke a flight in stampede of the assets named in the American currency and would reduce the capacity of exterior financing to the balance of payments with more deficit of the world.
The volatile nature of the price of the food
A sudden increase of the price of the food is an economic risk that affects principally the consumers poorest in the disadvantaged regions to world scale. The malnutrition and the scarce health in the poorest segments of the global society, together with the social discomfort and the frequent disturbances, are the principal consequences, according to the World Economic Forum, of the volatile nature of the price of the food.
PDF: Annual report of the World Economic Forum (FEM)
12-01-2010 Cotizalia
What do I do with my money in 2010?
NOT to the assets without risk (Letter Treasure), it offers a minimal remuneration …
NOT to the Public debt in average and long term, interest rate risk exists, apart from a low remuneration …
— then —
An excellent comment and the only answer to the depression (the one that we modify a little):
1. Cancel debts and credit cards! ALL!
2. Gold and silver buy physicist!
3. Mines buy golden (novice monk)! (eye, a lot of work, and in fact alone for persons who already take physical gold as a current value for 50.000 Euros …)
4. Support the liquidity minimum in his checking accounts!
5. Have at home liquidity for 3 months (tickets for 10, 20 and 50 Euros)!
6. Have no money in term!
7. If they want to invest in stock, choose companies of natural resources in Australia and Brazil neither (nothing of the USA nor Canada)!
8. Sell the real estate that they do not use!
… also the investment of the commentator is very good 3: "I have bought to myself a horse …”
12-01-2010 the Confidential one
Know that the real currency sheltered European
Andrew Garthwaite, strategist of Credit Suisse, and his individual bets for the Norwegian crown. A proposal atypical but full of sense and which development reveals the fortitude of Norway, nation that has turned into an island of calmness in the middle of the turbulent waters of the sovereign finance that asolan big part of the developed economies.
Why, in opinion of Garthwaite, is it necessary to buy the northerly ticket? The author gathers in the original up to 5 principal arguments that might be summed up in one: his condition of countercyclical refuge. This way, he stands out:
4th Exhibition to prime matters.
The exports of oil and natural gas are behind the economic strength of the country on having supposed 20 % of the national GDP. In an environment of price of the energy sources structurally more high place, Norway and his currency should benefit from such a current.
09-01-2010 today
Fall of the gold standard and crisis of the dollar.
How to understand the crisis of the dollar and changes in price prayed?
At the beginning of the XXth century it began to pervert the gold standard. In March, 1968, the United States decided to finish with the incessant loss of gold. The remedy that was applied consisted of the fact that all the central banks were undertaking the commitment not to buy to sell gold on the free markets. This way, they were trusting, the Federal Reservation (FED) would stop losing gold and the world price of the golden ounce would return at levels much underneath of 35 dollars. They were wrong to the big thing. As the FED kept on inflating the dollar, his value on the markets was falling down while the gold was appreciated. Already in 1973, a golden ounce was changing on the international markets for 125 dollars. The Central Bank of Europe threatened to sell big part of the dollars that they had in his reservations in exchange for gold, violating the agreement. So, in August, 1971, by order of the president Richard Nixon, the dollar stopped being convertible in golden ingots, both for all the governments and for the central banks …
In the last 100 years, the dollar has lost, in golden terms, more than 100 % of his value. This way, when Nixon decided to break the last bond between the gold and the dollar, on the market they predominated over those who wanted to get rid as quickly as possible of his dollars to be able to buy assets which value does not degrade itself so quickly. That's why, the gold, the oil and other assets saw as his price was going off in dollars.
06-01-2010 Lone
The gold is completing a figure back to the rise
Since we were foreseeing, the gold after consolidating until the end of the year returns to the rises once the funds have begun the buys with the new exercise. Technically the gold is still upward and with rebound structure back to the rise, resting on his intensive upward guideline and on 38,2 % of recovery of the previous downward impulse. In the next meetings it will face the resistance of 1.140, near already to 50 % of recovery which overcoming was indicating us a new attempt towards maxima.
06-01-2010 CNN Expansion
World council of the Gold sees major sheen of the gold in 2010
Institutional and retail investments compensated last year a minor jewels demand; the World Council of the Gold said that jeweler does not have a clear estimation of the demand for 2010.
The gold should have another solid year in 2010, according to the World Council of the Gold, (WGC).
The metal turned out to be impelled in 2009 by institutional and retail investments that helped to compensate the weakness in the demand of jewels, which in turn, owed partly at the high price of the precious metal.
From the point of view of the offer the WGC it pointed out that the mining production has tended to the fall from 2001, partly reductions product in the exploration like result of the low price of the gold at the end of the nineties, which was translated in a discoveries scarcity.
Although the expense in exploration has risen from 2004, the new discoveries have been limited and the process so that a mine between in operation can stay on between six and eight years.
The projection of the demand of jewels for 2010 is not clear, according to the WGC. In 2009 she turned out to be affected by the world recession, the record prices of the gold in strategic countries for the buy of jewels and the volatile nature of the prices.
06-01-2010 AltoNivel
Business to invest in 2010
The closing of one year that left big losses for many businessmen, especially in sectors like the tourism, self-propelled, restauranteros and the juguetero, between others; it opens the analysis and the predictions what the best options will be to invest in 2010.
The gold keeps on being the king
The years happen and, in spite of all the fluctuations that they could affect to the economies of the world and his divided correspondents, there exists a mineral that never yields: the gold. This element hardly is devaluated, in contrast to the money; reason for which to invest in gold is usually a species of security that the investors realize in crisis times, in order to prevent the value of his money from diminishing. One of the reasons that explain this behavior is that his value neither is regulated by the governments, it is not even fond of inflationary processes, but it is determined by the offer and the demand. The above mentioned situation will not change in 2010, therefore the gold will be supported like a sure investment.
05-01-2010 Latinforme
The gold might keep on rising loudly in 2010
Despite a capture of profit in the last month of 2009, the gold was without doubts one of the stars of the year and it is outlined to repeat his performance in 2010. See because the gold might keep on rising loudly in 2010 be already in optimistic stages like pessimists.
04-01-2010 Reuters
Importers I pray in India they check to the rise number you buy 2009
India has mattered between 300 and 350 tons of gold in 2009 bigger than the previous dear of little more than 200 tons, said the chief of the golden Association of Bombay. Suresh Hundia said that the commercial organism had been checked also by his dear of imports of 2008 to 439 tons from 420 tons.
“Numbers of commercial houses have been checked information of 8 months have been checked”, he made sure.
It was sinking he said that the projection changed significantly because the information of several big commercial houses had not been available earlier.
03-01-2009 the Provinces
The gold shines as never
The raw material that more has shone in 2009 has been the gold.
The Bankinter analysts: "So much the captures of benefits in the Stock Exchanges as the moments in which the expectations seemed to be accentuated on the inflation were translated in strong advances for the gold.”
This way it was coming at record levels. In the last weeks of 2009 it has stepped back due to the appreciation of the dollar, which supposes a pressure to the fall in the prime matters named in this currency.
Will it continue to the rise the gold in 2010?
The Bankinter analysts believe that yes and for several factors:
“The dollar will stay weak, some central banks might keep on buying gold and it is possible that the production does not grow. This way, the ounce might come to 1.300 dollars in the horizon of 2010.”
29-12-2009 Lone
The gold waits to the new year consolidating
Since we were foreseeing, the gold continues in consolidation and we will not see significant movements again until the funds begin the buys with the new exercise, since the agents seem already to have the closed books and do not want to assume risks. Technically the gold is still upward moving in the last meetings about his intensive upward guideline and perfectly fitted inside his channel. While it does not lose it below 1.050, there will not be significant deterioration of the tendency and we will be able to speak about consolidation inside an upward tendency.
On the other hand, the movement of the dollar affects logically to all the assets named in dollars and between them to the gold. The weakness of the dollar favors the attraction of the gold like alternative assets and the last movements of this currency are harming him, although the suspense will keep on supporting new rises of the gold.
27-12-2009 expansion
What would spend if the developed economies do not pay the debt
A developed and advanced country as the USA might refuse to recognize his debt and this way it did it in 1933.
In March of that year, the USA approved a law that was eliminating the clause gold of the public and private contracts, promising the payment of the golden equivalent in currency. The private ownership of the reservations of the gold ilegalizó and it was said to the creditors that it would be paid to them in “legal tender“.
Nevertheless, the USA declared that the gold of the private investors had happened of the ounce cost 20,67 dollars to 35 dollars the ounce. The dollar devaluated 41 % with regard to the gold.
The clause gold was not simply a press release, but a law applicable to the whole country.
The creditors based his investing decisions on his supposed inviolability. Some of them limited themselves to cursing it and others decided to take the Government of the USA to the courts.
In 1935 the Supreme Court Perry expressed a judgment on the case against the USA.
The Court invalidated a law that was trying to cancel a clause for which the creditors could demand the payment in golden reservations.
24-12-2009 Cotizalia
The gold prepares itself to be also a star in 2010
All the more time the low interest rates are supported, more the fears grow before an upturn of the inflation. If this year the gold has been a value I shelter before the instability of the markets, the next year it can be for the investors in order to be protected from the strong increase of the prices. And this is one of the arguments that the analysts use to support the increase of the prices of the gold.
24-12-2009 cardinal Stock Exchange
What do the most reputable bassists of Wall Street say?
There keep on being downward voices, which foresee strong descents of the markets, and a return to the economic recession in 2010.
* Bill Bonner, publisher of The Daily Reckoning newsletter: "We face a new economic disaster and a new bubble: the bubble of the debt.”
* Doug Casey, fudador of Casey Research: "The Big Depression is here.”
* Harry Dent, founder of HS Dent: "We will have a new Depression in 2010-2011.”
* Marc Faber, publisher of Gloom, Boom and Doom: "The default of the debt of Dubai is simply the top of the iceberg. Entire governments will enter in default before the financial crisis finishes.”
* Charles Nenner, trader of Goldman Sachs: "We will have a recession of double soil. The economies will return to the recession in 2011 when the types rise again.”
* Robert Prechter, Thin Adviser of Elliot Wave International: "I believe that 2010 is going to be much worse than in 2008. The USA faces the worst Depresiónen in 300 years.”
* Peter Schiff, founder of Euro Cardinal Pacific: "The gold will reach 5.000 dollars for ounce.”
19-12-2009 GEAB N°40 be free!
Northern spring of 2010 - The gold will be an unavoidable need again for the central banks
New point of inflection of the global systemic crisis: When the sliding bond of the public deficits strangulates the States and the western social systems.
The context of insolvency of an increasing number of the States and of local communities (regions, provinces, the federated states) will give place to a double paradoxical phenomenon, increase of the money-market rates and escape of the currency towards the gold.
In absence of an organized alternative, before a weaker and weaker USD, to find an option to the loss of value of the bonds of the Treasure (especially American), the central banks of the whole world will have to partly “reconvertirse to the gold”, the ancient enemy of the Federal Reservation, it without being still able to declare officially.
The bet to the recovery has been already absolutely lost by the governments and the central banks; the point of inflection of the northern spring of 2010 will represent the beginning from the massive transference of 20.000 million USD of “active bogeys” to the social systems of the countries that have accumulated them.
This way, between the national central banks and the BCE, the Euroarea possesses 10.900 tons of gold and the United States only 8.133 tons (Source: FMI/Wikipedia, 11/2009), to be more precise: the Treasure declares that the United States possesses this golden quantity, knowing that no independent audit on the exact quantity of the reservations of American gold has been done from any more than 40 years.
We will turn in a more detailed way on the topic of the real total of the golden reservations of the USA in the next GEAB N ° 41 since our team thinks that in 2010, opposite to the explosion of the bubble of the obligations of the State, the gold will be an unavoidable need again for the central banks.
13-12-2009 newspaper Today
The gold gains area as way of investment
Historically, the gold was the refuge of excellent value, the tool chosen by the most conservative investors to support the purchasing power of his savings. With the advent of the last global crisis, the laws of the game seem to change. Nowadays it is the star between the alternatives of investment of easy access and, with annual piled up profitability about that 65 % is, it creates a stage of suspense that he is worth while analyzing. Despite all the guesswork that are done, a thing is true: in spite of the increase in his quotation, both the central banks and the particular persons keep on using the metal as a way to protect his savings. Nowadays, who has gold keeps it and, who not, it includes it inside his investments briefcase, assumes the risk of suffering a possible future correction of his value. The principal worry of the developed governments is to achieve that the individuals have access to a major quantity of money to reactivate the economy. This politics of monetary emission affects the value and the credibility of the coins favoring the future perspectives of the gold.
For Mariano Toledo (Teacher of the UNLP)
13-12-2009 the Country (Spain)
The gold laughs at the fear
The prices of the precious metal go off because it acts like refuge.
What the wise departments of analysis of the big international signatures explain in his reports is translated and repeats machaconamente in television announcements that try to convince the families to get rid of these jewels that one does not like. In return, they invite to put the savings in 24 carats ingots like refuge. In Spain, the number of small investors who enter this game has multiplied and the buying and selling shops do not stop growing.
13-12-2009 the Country (Spain)
Does Adónde go the price of the gold? (For Juan Ignacio Crespo, the director of Thomson Reuters)
The answer to this question is of enormous transcendency, not only therefore he says of the price of the gold in himself, but for what he will say of the quotation of the dollar opposite to other currencies.
mmm …: why a downward stage at the end of the article …?
13-12-2009 the Avant-garde
Special Investment - Yes is a gold quite what it re-shows
With the crisis many investors have sheltered in the noble metal. The gold has reappeared like a potential monetary alternative. Babylonia established the first gold standard, two thousand five hundred years before Christ; Rome was paying to his legionaries with a golden currency that was circulating along the whole Europe very much before the euro; Troy was already a center of the jewelry shop, and Alejandro Magno did the first transference of gold of that there is steadfastness - for the equivalent of billion current dollars after plundering the Persian treasures. The history of the humanity turns concerning the gold.
On parts: 1 and 2 and 3 and 4 and 5 and 6 and 7.
14-12-2009 the Economist
Jim Rogers and Marc Faber interviews: "The economy of the USA will defraud again”
Marc Faber: "I think that in 6 months the economy will defraud again. The problem is that by that time the FED will print more money and will not help that in anything. Then the people will get angry again and will blame to the financial system and to distract the attention the USA will begin some war. This panorama might develop along next 3 ó 4 years.”
Jim Rogers: "Honestly, in these moments I do not buy actions in no part of the world. The only sector where I can make sure that the essentials have improved is in the commodities. After all, if the economy rises, the commodities will go off and if the economy continues how is life, also they will remain strong since the central banks will keep on printing money and that will support the strong prices. For this simple reason it is therefore I bet for the commodities and not for actions.”
Some of them aim that the golden ounce will reach 2.000 dollars in the next decade: is it a disproportionate price?
Marc Faber: "Will it rise up to 2.000 dollars, the 200.000 or 2 trillions?, I do not know it. What yes I know is that if money keeps on being printed, the price will keep on rising over the course of time, especially in products where it is not possible to increase the demand, and the demand of the precious metals is very limited.”
Jim Rogers: "This is only 65 % in the next ten years. If something only raises 65 % in all this time it is not so profitable. What yes we will see is that the crisis of the dollar will lead to injecting more money into the system, what will provoke that the prices of the gold keep on rising because there are the people who thinks that to invest in gold is slightly sure and they are wrong. In these moments there are no too many new gold-mines therefore the offer does not grow and the central banks are the only big golden source. Nevertheless, the central banks, instead of keeping on offering, have been praised for buying.”
12-12-2009 Aequifx
The gold will be the star
The market of the gold this one in full boiling. “The boom of the gold” has begun in this ambience of serious economic and geopolitical suspense, and, although it looks like a lie, while we debate on it, the gold passes of giant to turn, proudly and without permission, into the principal reference of “global value”. In a world quasi-currency, of value and general acceptance, and without questioned and interested issuer. Anyway, as in his best old times.
11-12-2009 LD
Ron Paul: "The FED is the only person in charge of the financial crisis”
The project to audit to the Federal Reservation of the USA, which now is debated in the senate, it relies on with the majority support of the American population. Ludwig von Mises Institute publishes a hard letter loading against the FED. Conferee Paul is clear and forceful: The FED is guilty of the crisis, and this one acts over the North American Constitution, operating in a very little transparent way and of form suspiciously mysterious.
Immediately after it, there is triumphing the legislative proposal of Ron Paul, consistent in increasing the control of the Congress on the monetary authority - his project of law to audit the FED (HR 1207), under the title of Law of Transparence of the Federal Reservation-. The idea is to submit to political supervision the deliberations and monetary decisions of the Federal Reservation.
(Not to forget that the FED is a private and not state institution!)
09-12-2009 Gold (PDF)
New President of the World Council of the Gold (World Gold Council)
The World Council of the Gold (World Gold Council) has been published by the appointment of his new President, he is the Canadian Ian Telfer, also President of the mine-layer of Canadian gold Goldcorp Inc. Telfer substitutes, to chosen in March, 2008, Greg Wilkins (Vice-president of Barrick Gold Corp).
04-12-2009 RJ
Raymond James - golden Price would stay strong
The prices of the gold and the silver would stay strong during the next years, said the brokerage Raymond James, who raised his objective value for the actions of several of the companies that produce precious metals. Raymond James also improved his qualification for the qualifications of Great Basin Gold Ltd GBG.TO to “performance superior to the market” from “equal performance to the market”. The producers' actions of average level offer a major advance potential in the current levels and it named to those of Yamana Gold, Poplars Gold, San Gold, Bread American Silver and Anatolia Minerals like his favorite qualifications.
Analysts, including, said to Forbes Gemmell in a note to clients: "The important change of paradigm that we have seen developing recently is the central banks transition from clear sellers to clear golden buyers.”
The analysts pointed out that the investment demand keeps on being quite strong given the loss of confidence both in the financial system and in the officials of central banks, and the increasing briefcase allocation to investments more of “refuge“ like precious metals. The confidence cannot be restored for several years due to the increase of the monetary offer in the United States and the high levels of public debt.
03-12-2009 finance
The fabulous rally of the gold continues
It continues the strengthening of the golden ounce, after increasing the perspectives of which there will be a significant upturn of the inflation in the United States and Europe, once begin to withdraw the stimulus plans in both economies.
03-12-2009 London
The golden ounce overcomes 1.226 dollars for the first time in his history
The price of the golden ounce overcame the few one 03-12-2009 1.226 dollars on the market of prime matters of London, a new historical record achieved partly by the depreciation that has suffered in the last months the American currency. The investors are preparing themselves cautiously so that the gold advances beyond the level for 1.200 dollars while they hope that the dollar should be still weak in a time.
From the beginning of 2008 the gold has not stopped beating his marks, although already in 2007 his price increased in any more than 30 %, after 6 consecutive years of increases. In the last 10 years the price of the gold has been trebled, and from the year 2000 it has increased 228 %.
From beginning of 2009 the golden price has increased in more than 40 % (January 2 it was located in 879 dollars), an increase that at first it indicates that the markets distrust the “green sprouts” and do not realize well that the economic crisis has touched fund, and at the same time they are afraid of upturns in the inflation.
02-12-2009 WSJ
The mine-layer Barrick Gold thinks about how to extract profit to the fever of the gold with elimination of coverages
02-12-2009 Barrick
Barrick Gold has just liquidated all his positions Hedge, 9.500.000 golden ounces
Another indication of the confidence that inspires at present the gold was the announcement realized Tuesday by the Canadian mine-layer Barrick Gold that he bought all his golden sale contracts, with the hope to benefit from the increase of the golden prices that till now made him lose millions. The mine-layers use generally these contracts to sell at fixed price a part of his future production and to be protected this way from a possible landslide of prices, but when these rise they turn out to be penalized by the obligation to sell a clearly lower one before to that of the market.
TheBullionDesk thought: "The Barrick announcement is an indication of the confidence of the producers in which the prices of the gold will keep on rising and potentially it might unleash a strong increase of the prices of short-term gold. The gold takes the way of advancing even more, because it is promoted forward by an increasing appetite generalized by the risk, the fears of long-term inflation and the diversification of the dollar, with 1.250 dollars like the next probable target.”
01-12-2009 the Economist
The increase of the gold, a reason not to rely on the bag
Some commentators begin putting nervous to root the increase of the gold. It is the case of Brett Arends, of Wall Street Journal, who thinks that the upward tendency of the metal is a good reason to have caution great with the actions market. To his judgment, the spectacular increase of the gold from 260 dollars for ounce a decade ago up to almost 1.200 current ones is a vivid example of what is a bullish market.
27-11-2009 Tanaka
The gold, again a stable currency
Osamu Ikeda, general manager of Tanaka Kikinzoku Kogyo, says: "Worldwide, the gold has been bought as it is evaluated again like a stable currency. While the mastery of the dollar diminishes, the gold might be the assets that more will benefit thanks to his slightly common quality: the neutrality. The double roll of the ingot as currency and assets transforms it into an almost irresistible buy in the next years.”
27-11-2009 Heraeus
Heraeus: The whole world has an upward vision of the gold
Dick Poon, adviser of precious metals of Heraeus in Hong Kong said: "The whole world has an upward vision of the gold, and they all are looking at the signs that the central banks send. It is not only India or China, but also most of the central banks, as well as the funds, who changed his portfolios to include the gold. So they all see all the money more they are going to invest in the metal. There is a major physical demand despite the high prices.”
27-11-2009 SPD
IMF sells 10 tons of gold to Sri Lanka
The International Monetary Fund (IMF) announced the sale of 10 tons of gold to the central bank of Sri Lanka, like report of the 403,3 tons entire volume approved by the Executive Meeting in September. The most recent sale “was carried out by base in the prevailing market prices on November 23, 2009, by a total equivalent to 375 million dollars USA (SDR 234 millions)”, indicated the IMF.
27-11-2009 DB
Deutsche Bank: To support long positions of gold and fellings of the dollar
Michael Blumenroth, operator of Deutsche Bank, says: "If the central banks are buying gold to diversify his reservations, it is a sign of that the investors must support long positions of gold and fellings of the dollar. While the market is thinking about the inflation that waits for the next year (2010) the central banks are more buying than selling, and there are new investments flowing towards the market, there is no way of which you want to sell gold.”
27-11-2009 the Country
The USA - The golden coins do fury
The Mint of the United States is exhausted before the investors' avalanche. The fever of the gold finishes of leaving him without stock of popular American Eagle of an ounce, up to the point of having to suspend temporarily his sale. The demand has no precedents. The US Mint hopes to be able to recapture the normal sale course next month, when the inventories are restored. Only in November, 2009 the US Mint sold 124.000 ounces of American Eagle. The whole in 11 months amounts already to 1,2 million ounces, 75 % more than in the same period of 2008.
27-11-2009 British Museum
The treasure of Anglo-Saxon gold valued for 3,6 million Euros
The biggest find of Anglo-Saxon gold never open, dug up for an enthusiast of the metal search in an agricultural area, has been valued for 3,28 million pounds sterling (approximately 3,61 million euros) by an experts' committee. The Treasure of Staffordshire, found and Terry Herbert in July in the center of England, is composed for approximately 1.500 objects of gold and silver dated in the VIIth century. Under the treasures law, the money will split between the one that found the treasure, Herbert, and the owner of the area, Fred Johnson. The find has been compared in importance with the spectacular burial of Sutton Hoo, a big archaeological deposit excavated in England in 1939. The treasure comprises handles of swords, golden helmets fragments, very elaborated some, and other arsenal pieces with precious stones incrustations. Two museums that hope to acquire the find, the Birmingham Museum and Art Gallery and Potteries Museum, along with Herbery and Johnson, have approved the evaluation. A dozen of objects is exhibited in the British Museum of London. Hundreds of persons 'stood in line for hours when a small selection of the treasure was showed in Birmingham this year.
26-11-2009 five Days
The big hedge funds catch the fever of the gold
Agents of the size of John Paulson and Paul Tudor bet for the metal. These investors were right directly at the beginning of year. The gold has raised 34 % from January, up to reaching nominal historical maxima (without bearing in mind the inflation) on 1.170 dollars. “I have never been a goldbug”, makes sure Paul Tudor Jones, in the letter to his investors of the third trimester. “There are simply assets that, like everything in the life, has his place and his moment. And now it is the moment.”
What do these agents see in the gold, even after the real rally? “Ben Bernanke is an inflationary. The size of the balance of the Fed is exploiting and the currency is being devaluated”, mentions David Einhorn. The inverse interrelation between the gold and the dollar is very narrow because the gold is paid in dollars. “Our instinct says to us that the gold will be right in it in any case: the deflation will generate more depreciation and the inflation speaks for itself”, continues Einhorn.
25-11-2009 finance
The upward fortitude of the gold without weariness signs
An authentic fever has come untied for the tenancy of physical gold
Of authentic fever of the gold it can be qualified what is happening with this metal, which already peacefully walks in 1.180 dollars the ounce and does not show weariness signs. It is foreseen that the physical demand of the gold, including the bars and coins, will raise 21 % this year, up to 52,3 million ounces, the highest level of the history.
24-11-2009 the Economist
Up to where is the gold going to rise?
If those who enter are not the mass but the principal hedge funds of the world, which are - really - capable of gaining a lot of money in any market environment, then the thing changes. And this is what happens. We are speaking about Tudor, Paulson, Greenlight and Hayman, mythical names in the universe of investment and that do not enter assets if they do not wait for a comeback of 200 % or 300 % medium-term. Therefore, these earnings question the opposite opinion in case of the gold and grant a potential still much bigger than the increase - already of for himself impressive - of the gold.
20-11-2009 expansion
Fuel for another rally? The prime matters receive 60.000 million dollars
The commodities have turned into one of the priority targets of investment in 2009, and into his rally, with revaluations superior still to the achieved ones by the principal bags, have received investments at the price of 60.000 million dollars, approximately 40.300 million euros, according to information of Cardinal Barclays. The oil, the gold and the rest of commodities are a hard competition for the variable revenue at the time of attracting the money of the investors. The interest to diversify the investments, and the consequences of the disaster that registers the dollar on the foreign exchange market, he has contributed to that quotations as that of gold they have broken his record, overcoming this week, for the first time in the history, 1.150 dollars the ounce.
20-11-2009 Royal Mint
The United Kingdom - Real House of mint quadruples the golden coins production
The Real House of mint of the United Kingdom (Royal Mint) has quadrupled the golden coins production in the third semester of 2009 it was doing a production of approximately 32.735,8 ounces (comparison: 7.500,2 ounces last year). In the first 9 months of 2009 the production has been trebled it was doing approximately 100.391,3 ounces.
20-11-2009 U.S. Mint
The United States - House of mint duplicates the sale of golden coins American Eagle
The House of mint of the United States (U.S. Mint) has duplicated the sale of golden coins American Eagle it was doing approximately 1.144.000 coins sold in what goes of the year 2009. In 2008 they sold approximately 794,000 coins American Eagle.
20-11-2009 Muenze Oesterreich
Austria - currency House sells 23 more % of golden coins
The House of mint of Austria (Muenze Oesterreich AG), the biggest golden coins seller in the world, has sold approximately 1.900.000 of golden coins in what it goes of the year 2009. It is more 23 %, compared with 2008.
20-11-2009 Cotizalia
The unstoppable ascension of the gold continues
The gold warms up and he still has left covered. The expectations on the evolution of the dollar, the threat of a possible inflationary stage and the diversification of the reservations of the central banks are pushing strongly to this raw material. The GoldMoney analysts give numbers on the possible evolution of the value of the gold: his manager, James Turk, said on Wednesday to the chain CNBC that “in the current upward rally, I believe that we are going to see that at the end of year the golden ounce will come to 1.400 dollars”. Turk believes that “the next year is going to keep on rising”.
19-11-2009 the Economist
If John Paulson has not lost his smell … to the gold he has left many rally ahead
John Paulson returns to the load. His privileged eye has settled on the gold, and it already prepares a new fund centred on mine-layers and other business related to this precious metal. The expert would have presented the product, which waits that I started on January 1, last Tuesday in a meeting with investors. The fund will invest so much in actions of companies for which the gold is his principal business as in derivatives on this raw material. The true thing is that his signature, Paulson and Co, already is a weight shareholder in someone quoted of gold, like AngloGold Ashanti or Kinross Gold.
18-11-2009 five Days
The gold can keep on rising
The gold is different from other commodities in many aspects. Nevertheless, the price of the yellow metal depends on the same three factors as the oil or the wheat: it offers, demands and financial conditions. But with together all of them, the increase of 20 % from August should be only the beginning. When the money is so easy and the demand moves more quickly than the offer, the prices can exploit. In 18 months from July, 1978, the gold spent of 185 dollars the ounce to 850. What is equivalent to 2.400 dollars of the current ones. And also, the interest rates of then were much bigger than those of today. A similar increase might take the gold to 5.000 dollars for ounce.
17-11-2009 EDI
Video - WorldSpreads: "We continue bulls with the gold with target in 1.200-1.300 dollars the ounce”
Ramón Morell, business person in charge of WorldSpreads, bases in betting for the gold. “We are recommending to the clients to become upward with the gold”. His resistance is concerning 1.140 dollars and if it beats it “there we will have to exceed 1.200 dollars and even one speaks about 1.500 dollars, but in the previous levels it would be interesting to enter.”
17-11-2009 IMF
IMF sells 2 tons of gold to Sri Lanka
On November 17 the plans of the IMF were brought to sell to the Central Bank of the Republic of Mauritius approximately 2 tons of gold, what was 71,7 million dollars for November 11, 2009.
16-11-2009 expansion
Obama visits his creditors
This week, the president of the USA meets of tour along Asia a crucial target: to convince to his counterparts that a joint action is necessary to rescue to flagging dollar, the currency in which the Asians have invested big part of his wealth. And the fact is that a sign of that these countries begin to untie from the dollar, it is his recent decision for dollar - gold quotes his coins in the value. Financial Times affirms: "The fears for the financial future of the region, have done that this quotation has gained 56 % in this year. The recent change in the price of the gold is a sample of the fear that several currencies have of continuing depending on the dollar.”
12-11-2009 expansion
The central banks of the emergent countries feed the fever of the gold
The fever of the gold comes in a moment in which the dollar is weak and precisely that's why the central banks his reservations look for alternatives to diversify. On the market one speculates that China, Japan, Singapore, Russia, Brazil and Korea are other candidates for fattening his reservations of this metal, what will keep on feeding the rises of the quotation.
12-11-2009 the Economist
The gold to 1.200? And why not?
Nobody dares to predict the end of the rally of the precious metal. On the contrary, every time more objective prices rise: yesterday the same, Goldman Sachs fixed his in 1.200 dollars if the types stay low in the whole world. And it is not a question only of Goldman: Commerzbank indicates that, “while the dollar continues his downward tendency, it is very improbable that the price of the gold lowers of significant form”.
11-11-2009 intereconomy
The gold shines more than never on the market
The ounce has overcome 1.117 dollars. The depreciation of the dollar impels strongly his quotation again.
11-11-2009 the Country
Song Hongbing - In 2024 the world will have a single currency
The visionary books of Song Hongbing on economy cause controversy and fury in China. Song blames to banks and international financial corporations of trying to dominate the world under control of the distribution of dollars, in a premeditated cycle of inflation and deflation. And the current crisis would be a result of this conspiracy. In his first book, “The war of the currencies” (Currency Wars) (2007 and up to the date only available in Chinese), sold 200.000 times (and pirated 400.000 times) in China, he predicted the financial disaster. “I announced the crisis and the date 6 months before it was exploding, and the problems of the dollar. Also I wrote that China must buy more gold and less bonds of the American Treasure. This hit very much, but now everybody speaks about it.” Song says that the investors should buy gold and platinum.
The article in English: China Daily (21-09-2009).
09-11-2009 the Country
The investment in gold goes off in record plenary meeting of the quotation
The market of the gold has seen how the world demand goes off for investment due to the search of these assets traditionally crisis sheltered in times, but also to other factors like the weakness of the dollar and his role of shield before the inflation. This investment has climbed 47 % in the second trimester of the year, opposite to the same trimester of last year. Frights as the failure of Lehman Brothers he led many people to investing in gold. In Germany, the biggest golden market in Europe, the clear investment in ingots and coins was about 108 tons, approximately 2.200 millions.
09-11-2009 InfoBaePro
The gold consolidates an apartment for 1.100 dollars the ounce: what will be his roof?
In accumulated of the year it already overcomes 26 %, much over the profit achieved in the same period by the principal stock-exchange indexes of Europe and the United States.
06-11-2009 CBSL
The Central Bank of Sri Lanka will buy gold to diversify his reservations
The governor of the CBSL, Ajith Nivard Cabraal explained to Financial Times: "We have experienced this enormous volatile nature of the currency during the crisis that left us with the sensation that we needed something more solid. Naturally, the gold arises like the most logical product.” Analysts consulted by the British newspaper thought that it will be a question of approximately 5 tons.
05-11-2009 Bolságora
The gold quotes already in absolute free increase
Although nothing can steady itself with certainty on markets, being the reasonable expectation quite what is in our hands ever, the gold offers us one of the best upward profiles in the current moment of market. The absolute free increase of the excellent precious metal is already a fact after the recent pullback to the clavicular of the formation of head and shoulders inverted (HCHi) in upward continuity that it can see in the market forecast. The situation, with a psychological and technical importance support between the 1000 and 1025 dollars the ounce, is completely upward with target to way / long term in 1.400/1.600 dollars depending on the time that it could take in approaching the increasing resistances.
05-11-2009 CNBC
Market forecasts: Following resistance in 1.160 dollars
The next target of short-term gold is in 1.160 dollars, and in the mid term in 1.240 dollars. 4 fáctores that are influencing at the cost of gold: 1. Fear. 2. The weakness of the American dollar. 3. The buy golden sale on the part of the central banks. 4. The jewelry shop demand.
05-11-2009 MarketWatch
The FED contributes the upward climb of the gold with his monetary policy
The columnist David Callaway de MarketWatch says that the Federal Reservation is contributing this upward climb with his monetary policy. In his opinion this is the sign that was throwing yesterday the Federal Reservation to the markets of after supporting the invariable interest rates in historical minimums without he saying nothing on when this politics of lax types it will end. With this attitude, points Callaway, the Fed and Ben Bernanke, there are feeding new increases of the gold, which probably will overcome 1.100 dollars the ounce.
05-11-2009 Cotizalia
I pray in 1.300 dollars, crude oil in 100, the bubble will keep on getting conceited
From January, 2009, the gold raises 24 %. The gold was fixing yesterday new historical maxima on the verge of 1.100 dollars the ounce. And the prices will keep on rising.
04-11-2009 expansion
The gold waits to the Federal Reservation with new records
One of the assets excellent refuge keeps on extending his record. The rally of the gold in what it goes of year promotes 24 % (!), improving even the behavior of the variable revenue in the same period. In 2009 the Ibex revalues 23,5 %. This percentage comes down to 13 % in the index paneuropeo Eurostoxx50, while in Wall Street Dow Jones it adds 11 % and S&P 500 15 %.
04-11-2009 TDG
Is a false report the golden sale on the part of the IMF to the India?
There are indications that the news published by the IMF as regards the supposed sale of 200 tons of gold to the India is a false report. Several experts, between them, Harvey Organ's The Daily Gold, ask: "In the case that the above mentioned sale should be true: why do not traces of the transport exist? Namely a mailing of 200 physical tons of gold should have registered in some place, ports, duanas, etc. For which it is necessary to think that said 200 tons of gold (already) do not exist in physicist. It is a false report. If it was a golden sale offer true on the part of the IMF, it would have sold it to itself to China first of all. The conclusion is, what above mentioned 200 tons of gold are simply virtual, or, (already nonexistent, and a simple propaganda lie of the IMF. The article of TDG is in English and it includes even more very important and interesting information.
03-11-2009 IMF
The International Monetary Fund (IMF) sells 200 tons of gold to the India
The International Monetary Fund (IMF) has sold between 19 and on October 30, 2009 approximately 200 tons of gold to the India for a value for 6.700 million dollars (according to the quoted market prices every day). The target of the IMF is to increase an investment fund to be financed. By means of this operation, the IMF has got rid of almost half of 403,3 tons of gold which sale they had approved the member countries, like way of creating a new source of income for his operations.“ This deal is an important step in the attainment of the targets of the program of limited sales of gold of the IMF”, said the managing director of the IMF, Dominique Strauss-Kahn. The IMF will use most of the income for the sale of the gold, which contributed in due time the member countries, to establish an investments fund with norms more flexible than allowed previously. The Fund is opened for sales to other central banks and later it will place on the open market “of gradual form” what it reduces up to coming to 403,3 tons.
03-11-2009 the Economist
MarketWatch: "It worries us that Goldman Sachs could fiddle the system and manipulate our leaders”
Is there any other band of Wall Street whom we despise or which we distrust more than of the bankers of Goldman Sachs?, wonders David Weidner, prizewinner American financial journalist. In his most recent article, he criticizes with hardness the credibility of the bank clerks of investment: he affirms that Goldman has too much power.“ We suspect that they do pitfalls, which have a too intimate relation with the Government. It worries us that they could fiddle the system, manipulate our leaders and, in sum, have too much power. The proprietors of the bag seem, fixing and negotiating thanks to his campaigns of contribution and his connections with Capitol Hill (place in which the Acropolis and the Supreme Court are, between other institutions”, pronounces himself Weidner in his article The empire of the evil counter-attacks, published in MarketWatch. Big part of this hate that surrounds Goldman and that begins spreading between experts, agents of market and mass media “he has obtained it himself”, according to Weidner.
02-11-2009 Lone
The gold goes to maxima with energy
The gold keeps his upward fortitude invariable, to every impulse to the rise, they continue not very deep healthy consolidations, which they pass to a new upward movement. This tendency is a reflex of the brilliant perspectives for the beautiful metal, which turns out to be supported by a weakness of the dollar that will support in the future, due to the aggressive politics of quantitative relaxation of the FED, the investors' preference to this value, which offers safety before the reigning suspense, and the deviation of reservations of some central banks from dollars to gold.
01-11-2009 the Confidential one
Rooms antipanic hidden in apartments and detached houses
Secur Room (móstoles, Madrid) is a company belonging to the Group Mad specializing in the design, manufacture, installation and maintenance of stays deprived of safety integrating them with a design and architecture of interiors of high quality. The gadgets and systems that show from Secur Room work, according to his persons in charge, both in single-family hearths and in apartments.
23-10-2009 Lone
The gold consolidates without moving away from maxima
After the strong increases it was having to consolidate and the gold the esta very being right in a movement in side street - bull that does not move away from maxima, probably to initiate a new upward impulse again. The weakness of the dollar and of the American economy, they can still keep on giving support to the gold but after the last increases.
21-10-2009 the Economist
The rally of the prime matters is far from his end
Everybody is sure that the rally of the bag will stop in any moment. But it is probable that the same does not happen with that of the prime matters, thanks to the weakness of the dollar and the strong world demand. In fact, the analysts are very optimistic with regard to the precious metals, with targets for the gold that go beyond 1.200 dollars.
20-10-2009 the Economist
The gold has to rise to more than 2.000 dollars to reach his real historical maximum
The gold has risen 19 % this year to touch his roof. And according to the methodologies to measure the inflation?
19-10-2009 the Economist
2 opposite tendencies: bassist in case of the dollar; bull for the gold
That of the dollar like currency that faces a more and more uncertain future, in which his supremacy, like that of the United States, will be raised doubts by other applicants, in addition to whom it can make the exit of the crisis difficult. And that of the gold like assets that has value in itself, without importing that it is already not the anchor concerning the one that fixes the value of the different coins. While the FED does not raise the types, the dollar will not mend and the gold will have margin to rise.
18-10-2009 ABC
The gold, in historical maxima for the weakness of the dollar
The investors have been praised by the gold to keep his savings before the suspense that there generates the current situation, the low profitabilities of other assets and the fears of a rise of the inflation because of the big quantities of money that have been injected into the financial systems. All this has unleashed an authentic “fever of the gold”, which is provoking that this precious metal begins skimping in some countries and which tails form to buy it. According to the experts, the increase of the golden demand has stopped without stock to the commercial banks and to the big distributors in Europe, who have chosen to limit the quantity that it is possible to acquire and even to give delivery dates to 2 months to his clients.
15-10-2009 the Economist
Harrods will sell golden ingots for the first time in his history
Mohamed al Fayed, proprietor of Harrods, will collaborate with the Swiss Produits Artistiques Métaux Précieux (PAMP) to offer him to his distinguished clientele the possibility of buying golden ingots. Harrods also possesses the Harrods Bank, whose division, which is placed in the first floor of his famous building of the London quarter of Knightsbridge, will be the manager of selling the precious metal in industrial quantities. Harrods is now there are the only place in London where the investors can buy a bar of 12,5 kilograms of gold. “The financial environment has created a new demand of physical gold between the investors deprived of Great Britain. For many persons it is a class of new and unknown assets. Harrods has seen the opportunity to help his clients to buy physical gold of a prudent way.” there has indicated Chris Hall, chief of Harrods Gold Bullion knowing whom the low interest rates and the landslide of prices of the properties have left the rich investors without many alternatives to which to destine his money.
14-10-2009 Lone - Finance
Special gold, perspectives for the long term - The gold might add 50 % at the current levels
The upward keynote will continue and the gold will support his upward rally in the next months adding more 50 %, towards levels of 1.350 - 1.500 dollars as the first target. There are not small the experts who predict a gold to 2.000 dollars in 2.010. The magnificent technical aspect of the gold and the circumstances that surround it.
14-10-2009 Reuters
Gold spreads to more than 1.070 dollars
“Whenever they keep on selling dollars, there are no reasons not to keep on buying gold, and this seems to have been the predominant perception in the last days”, said Ole Hansen, of Saxo Bank.
09-10-2009 the Economist
The gold is the canary in the coalmine
Charles Goyette, acquaintance blogger and author of books on investment, compares to the gold with the canary that was used in the coalmines to detect the harmful gases and to give the sign of evacuation. To his judgment, the gold is a referendum on the quality and the quantity of the paper money, and it is giving right now the sign of alarm of which there are problems with the status of reservation of the dollar. And the people in the whole world are leaving it. Goyette enters historical treatises on the abandonment of the gold standard and the unlimited emission of dollars to meet the demand, up to the point of which now all the necessary dollars might be created to cover the public deficit of the USA without cost. But in the reality what happens is that it is impossible that the Government could pay his debt, except expressing more debt in the future. And this is what it is making raise to the gold, to his judgment.“ It is possible that the bubble of the dollar does not explode suddenly like the bubble of Internet or the real estate agency. But like the canary in the mine, the gold is alerting us to that our monetary system is poisonous”. That's why it recommends to leave of the assets named in dollars before it is too much late.
07-10-2009 finance
It continues the improvement and the gold is the center of attention again
From a technical point of view, the gold has overcome now his previous peak, which reached at the beginning of 2008. If the weekly graph is observed next, it can be appreciated that although this commodity is operating at high levels, the indicators do not point at a sobrecompra situation yet. According to some analysts, between them J. P. Morgan, the gold might experience even more high levels in the next months due to the current situation. The gold one hopes that the Fed should support the money-market rates at low levels, therefore the investors now move away from the American dollar and run towards the counterparts, between them.
06-10-2009 LONE
The gold in free increase
The gold is taking every time major leading role before the suspense on the dollar, already this China moving his reservations to gold and one comments on the same of Russia, Japan and France. We must not forget that historically the currency has changed very much, from the salt to the dollar, but only an intrinsic value always preserves the gold in his monetary slope, especially before the madness of the politicians and his printers of bits of paper without real value.
06-10-2009 expansion
The gold turns into the best ally of Wall Street
The principal bag of the world faces in positive the final straight line of a day marked by the historical maxima that has marked the price of the gold. The investors make use of the absence of macroeconomic references to take positions.
06-10-2009 expansion
The fall of the dollar feeds the rise of the gold, which signs a new historical maximum
The investors look for refuge again on the market of prime matters and more specifically in the gold. The fall of the dollar and the denial of Saudi Arabia on the possible change of the North American currency as currency of reference to the oil shoot to the precious metal. The ounce is paid to 1.040,4 dollars, new record of historical maximum gold.
06-10-2009 the Economist
I pray: Fortitude signs allow to identify the key support
The behavior of the curve of prices of the gold keeps on centring our interest as during the last weeks the buying pressure is proving the soundness of the strongest historical resistance that presents the precious metal in 1035 dollars. The overcoming of the same one, preferably to weekly and even monthly closing, he would confirm the renewal of the upward tendency that defines the gold throughout last years, and his quotation would enter what is known as an absolute free increase.
30-09-2009 Reuters
Dollar prayed above 1.000 dollars for fall the USA
On Wednesday the gold has exceeded - again - the psychological mark for 1.000 dollars the ounce because the weakness of the dollar has helped to the metal to register his best quarterly execution from beginning of 2008. “Much of what we see today it is tied to the weakness of the dollar, but the gold keeps on being vulnerable”, said the analyst Robin Bhar of the signature Calyon. The gold has risen close to 7,6 % in the last 3 months while the dollar has collapsed more than 4 % in the same period. One heads to close with his best quarterly execution from the first trimester of last year.
29-09-2009 Reuters
Gold recovers, but there might be liquidation
The prices of the gold have raised more than 10 % in what it goes of the year, with the most recent rise generated by the weakness of the dollar, technical impulse and worries by the potential inflation. But the weight of long speculative positions on the futures market COMEX of New York might be overwhelming. “These long positions do to the most vulnerable gold the casualty, if the upward impulse decelerates more and the weak lengths positions begin to liquidate”, affirmed Alexander Zumpfe, operator of precious metals in Heraeus in Germany.
25-09-2009 finance
The gold, the closeness provokes maxima a strong benefits collection
It has not escaped from the strong prevailing volatile nature on the markets and the prices of the gold it was falling down on Friday meeting sweeping important supports, in what it looks like a general capture of benefits by the high levels that it had reached.
25-09-2009 the Country
Found the biggest Anglo-Saxon treasure never found in the United Kingdom
“Spirits of the yesterday, allow the gold to appear”, Terry Herbert sang that morning of July before beginning tracing with his metal detector certain grounds not far from his house in Burntwood, Staffordshire, to the north of Birmingham, and, at a few hours, it discovered the one that of course will end up by being catalogued like the biggest Anglo-Saxon treasure never found in British grounds. A judge declared officially that 5 kilos of gold and 2,5 kilos of silver and other found metals constitute a treasure. The opposing booty has a value superior to the million euros.
21-09-2009 Libertad Digital
Fekete, emeritus teacher of the Brief University de Newfoundland,
expert on monetary topics and markets of precious metals:
“The suspicion in the dollar will cause a monetary collapse!”
The gold keeps on being the excellent monetary assets along with the silver.
As there indicate the defenders of a monetary system based on the gold - where the money that circulates in an economy depends on something more that of the will of a few planners - the gold keeps on being the best possible money.
And this why?
Because it fulfills better than no other good the qualities that are needed to redeem the basic functions of the money, namely: to serve like deposit of value (that the value preserves over the course of time and is stable) and like change way to realize deals.
For Fekete, the center and reference of his analysis of the monetary phenomena, in general, and the current crisis, in particular, resides in the gold. In fact, it considers the current situation to be as a “crisis of the gold”. Here it is where there takes root the originality of the approach of Fekete, in using to the gold, considering his condition of “authentic money”, like thermometer of the recession or, of his prognoses, deep depression are fulfilled.
Will the politicians have reason of that time and do they will postpone the problem again for the future?
The answer in "not", according to Fekete.
This one “is going to be different from all the previous crises … Is going to destroy practically the whole wealth in role and it will leave practically the whole unproductive physical capital. It will provoke unemployed men hordes strolling around for the streets, without importing for them either the law or the order dedicated to the looting of the hearths and the institutions. It will destroy our freedoms and finally also our civilization unless we begin to take actions that avoid it”.
Is there any alternative to this devastating stage?
There would be two possibilities to avoid the backwardation in the gold, slightly probable both at this point.
I. The first one is not much more promising, since it would consist in that were shooting the interest rates so that it was attractive to sell the physical gold, changing it into dollars to deposit them in the banks. Nevertheless, what this politics would bring with it would be the destruction of the majority of the productive capacity of the economy - included the activity of the banks - which would be unable to support so high interest rates.
II. The second one yes would be an authentic solution: he might suppose an important mitigation for the debt holders, since he would suppose the retreat ordained as the debt in exchange for gold, a situation being avoided of “be saved the one who could” and insured chaos. But for it it is absolutely necessary that the world monetary gold is mobilized again, what might be obtained opening the Mint of the USA for the free and unlimited golden minting.
For Fekete, the whole international economic system is exposed to the collapse, making to stagger with him the social order.
The only alternative is in the gold, allowing the money that historically has chosen the market to fulfill the role that this one has entrusted to him, but that the politicians and monetary doctors get into debt in snatching.
17-09-2009 the Economist
The weakness of the green ticket catapults to the euro, the gold and the crude oil
If the increase of the single currency is a consequence of the weakness of the green ticket, in case of the gold and the oil the fall of the dollar acts like prime mover. Not in vain, the precious metal always stands out like the alternative in which to invest when the North American currency steps back strongly. And this way it happens now, position that the ounce of the gold climbed the few one yesterday up to 1.020,9 dollars, the highest price from February, 2008 and very close to the highest everlasting levels. Up to the date, the precious metal presents an increase of 15,6 % in 2009.
17-09-2009 ABC
Speaking about inflation … He Interviews the economist Xavier Sala i Martin
Will the European Central Bank have to raise the types to fight the inflation?
Really, and they will create a crisis again to solve this problem of the public sector. To pay the debt, they her will have that inflacionar, and for inflacionar the fiscal deficit they will have to raise the interest rates, what will provoke a new crisis. And this way successively. The exit of the crisis will be alike the hair of Bart Simpson, of teeth of saw.
16-09-2009 expansion
The gold rivals with the stock-exchange rally and already rubs his record
The gold is located today scarcely a 1 % of his historical record of March, 2008. The gold has counted in his favor with the severe correction suffered by the dollar, pressed for the politics of types zero and for the biggest appetite for the risk of the investors. The maximum of 18 months of the gold overcomes even the maxima of 11 months with which it quotes the set of the world bags.
16-09-2009 Reuters
Gold rises for weakness of the dollar
The gold closed on Tuesday with moderate profit after which the dollar was changing tendency to fall down to minimums of one year opposite to a coins basket.
Frank McGhee, operators' chief of precious metals of Integrated Brokerage Services LLC, said: "The gold rose principally for the weakness of the dollar, the high oil prices, the best American retail sales to the awaited ones and the limited inventories.”
15-09-2009 GFMS
GFMS - Demand gold would grow 3,7 % in 2009 for increase investment
In an update of his report on the gold of 2009, the company GFMS added that he foresees that the global golden consumption will increase this year in 3,7 %, to 4.003 tons and that behind the increase there would be principally a jump of the implicit clear investment to 1.340 tons from 232 tons. GFMS hopes that the implicit investment, which includes areas as the investors' buy in funds negotiated in bag with support in gold, should represent nearly one third of the demand of this year.
15-09-2009 finance
Gold and copper, our favorite prime matters
Declarations of Evy Hambro, agent of the fund BGF World Mining of BlackRock on the recent increases of the price of the gold. The prime matters offer the potential of excellent comebacks in the current environment. There are one of the best ways of playing with the tendencies like the weakness of the dollar and the forecasts of an upturn of the inflation. Inside the prime matters, we like in particular the gold and the copper. The gold has established now a base over 900 dollars, and a problem of time is alone before we have an upward break over 1.000 dollars.
14-09-2009 Reuters
The Central banks will be golden buyers
Jeffrey Christian, the director of management of the group CPM Group, said in the forum of the Denver Gold Forum: "One waits that the central banks - instead of selling gold as in last decades - they will buy, according to an extremely conserving projection, approximately 6.000.000 up to 10.000.000 of golden ounces annually, due to the suspense of the currencies. What we see is that the central banks are yiendo for a transformation of big sellers it was doing big buyers.” Apart from the above mentioned, Christian thinks - in a conserving prediction - that the value of the gold will be in an average for 914 dollars during the next 10 years.
14-09-2009 today
What factors determine the declination of the dollar of the USA?
Today there defends itself the idea of that if the emission of dollars is not indexed to goods like the gold, the United States might go so far as to cause to collapse, because the hegemony of the dollar would not be supported.
14-09-2009 RSSNews (Translation and notes for Joaquín Ferrer Benat)
Antal Fekete: The disappearance of the bases of the gold and his implications for the international monetary system
We are in the middle of a big depression, with an unemployment of two digits between the youngest and the law and the order are on the point of breaking. Our crisis of the debt and the threat of the gold in backwardation is not anything unconnected. The aggregate debt is comparable to a worn train running down. To be able to brake the train there is needed a last fire extinguisher of the debt that is accepted of universal form like payment way. The dollar does not answer already to these characteristics. The gold yes. It is necessary to remember that although the whole wealth of role that stays should end destroying, the gold would survive intact. It is the only financial asset that has no compensation in the debit of the accounting of anybody. This is his principal excellence, a property that it does not have no other of the financial assets. Countries like China, Russia and Brazil, for mentioning few ones, are always waiting for the opportune moment to buy all the gold that they can carefully so that the price does not go off. This means that, in a next future, there is going to be insatiable the joint demand of private and governmental character.
14-09-2009 LD
Why does the gold rise?
The golden ounce closed last week in 1.006 dollars. His price was impelled by the depreciation of the dollar and by news that surprised to the market: Barrick Gold, the biggest producer of gold of the world, was confirming the repurchase of his contracts of coverage.
13-09-2009 the Impartial one
The gold claims his ancient role as monetary boss
The big crisis through that we live might be the occasion for his awaited and awesome return. The gold does not look alike to the money. It does not work like the money. He does not adopt the role of the money. The gold, for whom they study to him and adore, is the real money. The scale of the gold is more or less fixed, while there are the national coins those that lose value.
11-09-2009 PrecioOro
The gold says goodbye of the week for the first time on 1.000 dollars
The gold has signed his fourth consecutive week of increase and - for the first time in the history - closes his weekly base on 1000 dollars reaching 1.006,00 dollars, because the collapse of the index dollar to minimums of one year impelled the interest in the precious metal as alternative assets. Also, the price of the gold - every day more - approaches at his highest and record level of the March, 2008.
David Thurtell, analyst of Citigroup, said: "The dollar was providing support to the gold. The dollar seems that it might go to 1,50 dollars opposite to the euro. It is probable that the people look for coverages against the currency, and the gold is the good one.”
11-09-2009 PrecioOro
The gold breaks again the barrier of 1.000 dollars for the second time in 1 week
The futures on the precious metal have overcome on Friday, the 11-09-2009th, 1.000 dollars, alzcanzando 1012,30 dollars thrown by the weakness of the dollar, that the pound sterling or the euro steps back opposite to the principal world currencies, like the yen. It is the second time in 1 week that the gold reaches these levels, and also it accumulates in what a revaluation goes of year 2009 of more than 14 %, impelled also by the worry on the inflation.
Hwang Il Doo, of KEB Futures, explained in Seoul to Bloomberg:
“The gold will raise up to 1.100 dollars the ounce at the end of year, once the physical demand of China and the India adds gasoline to the rally. There are no many options so that the investors are covered before the fall of the dollar and the increase of the inflation.”
In particular, the last time was this Tuesday, and the penultimate time that the gold quoted to more than 1.000 dollars was last February 20, 2009.
09-09-2009 finance
The gold, over 1.000 dollars
The gold is having his moment of glory over 1.000 dollars and it might consolidate on this level in the short term, due to a combination of major demand and weakness of the dollar. It keeps on supporting all his attraction, before the economic suspense, the possibility of a strong correction in the bags, the medium-term risk of inflation, and the possible weakness of the coins as a result of the enormous stimulus plans and one sees like a much better bet in the long term, since it is the only real constant currency.
09-09-2009 N.I.A.
The USA - National Association of Inflation declares the first wave of the mania for the gold and the silver
The National Association of Inflation (NIA) has thrown a bulletin in which it is known that the mass media general practitioners do not see (or, they do not understand) what green sprouts and the economic recovery that propagandan in his holders, there are no anything more that inflation signs!. And, to weigh that the means masses of communication of the first world have been declared that the recession has finished, the NIA says that the recession has not done anything more to begin, adding that the quotation of the yesterday gold, the beginning of a new mania is alone for the gold and the silver like refuge. This mania will not come to his ceiling until the whole world that - previously - was existed posicionado in the real estate bubble, leaves it to begin investing in gold and silver.
09-09-2009 five Days
The fear of the propitious inflation another record of the euro and it impels the gold
The markets of prime matters and of currencies were in charge yesterday of putting the points on the íes to the confidence in a prompt economic recovery that the stock-exchange rally is feeding. On the market there grows the fear of an exit of the crisis in false and to that the panorama after the battle is the inflation and perhaps a new bubble fed by a few minimal interest rates and by the long effect of the plans of stimulus of governments and central banks. This worry propitiated yesterday a notable regression of the dollar, which depreciated at levels of September, 2008 in 1:45 units for euro, and the advance of the gold, which made cost his condition of active refuge. The analysts were explaining yesterday the advance of the gold in an impulse for technical motives and, especially, in the weakness of the dollar and in the search of assets with which to be covered before a widespread rise of the prices.
08-09-2009 EP
The gold breaks again the barrier of 1.000 dollars for the first time in 6 months
The futures on the precious metal have overcome on Tuesday, the 08-09-2009th, 1.000 dollars, alzcanzando 1008,10 dollars thrown by the weakness of the dollar, that the pound sterling or the euro steps back opposite to the principal world currencies, like the yen.
It is the first time in more than 6 months that the gold reaches these levels, and they accumulate in what there goes of year 2009 a revaluation near to 14 %, impelled also by the worry on the inflation.
In particular, the last time that the gold quoted to more than 1.000 dollars was last February 20, 2009.
08-09-2009 the Economist
Doubts about the Dollar … the UNO proposes a new world currency
The renewed worries on the condition of the dollar like currency of long-term world reservation, provoked by a report that an agency of United Nations has spread, and the upward pull of the gold they have done that the Dollar falls down at his lowest level of the whole year 2009 opposite to the Euro.
Maurice Pomery, managing director of Strategic Alpha in London, has explained: "There are the worried people who wonders if the increase of the gold is a diversification to go out of the Dollar. The confidence of the market impels this, with a very negative perception for the Dollar.”
End of the dollar as reference?
Some analysts also have pointed at the recent report published by the UNO during the Conference of the United Nations on Commerce and Development (UNCTAD), in which he competes for the creation of a new currency of world reference in replacement of the dollar.
08-09-2009 expansion
The prime matters level the way of Wall Street
Bill O'Neil, strategist of Global Merrill Lynch Wealth Management in London, pointed out: "If there exists the most minimal motive of worry of which the central bankers are excessively generous as regards the scope and duration of his fiscal stimuli, the gold will turn into the modality of all.”
The hedge fund Cardinal Green and Paulson and Co, have acquired gold this year as a way of betting against the aptitude of the central banks to extract to the world of the crisis without generating inflation. His strategies have attracted more investors.
At the same time, in the USA, the small investors have acquired record coins quantities.
Mint, the Mint of the USA, sold between January and August, 2009 nearly 838.500 ounces of the popular currency of gold American Eagle, opposite to 446.000 ounces in the same period of 2008.
07-09-2009 the Economist
If the gold overcomes 1.000 dollars
The gilding is I point of reaching 1.000 dollars for ounce on the market. The principal active stock-exchange refuge is at the edge of liberating the psychological barrier of four numbers. As it happened in the middle of February of the present exercise, the least heavy metal is in a key moment that provokes diverse reactions on the market. To exceed extensively this line of 1.000 dollars might generate an optimistic feeling and do that this level increases much more. According to Joan Cabrero, analyst of Bolságora, “the gold is trying to resume the upward tendency and if it was overcoming loudly resitencia of 1.000 dollars for ounce, the upward renewal would be confirmed”.
07-09-2009 Cotizalia
Something does not fit on the markets
The crisis has led the Governments of the principal economies of the world to opening the faucet of the credit. This is what in the Anglo-Saxon terminology is known like quantitative easing. From the strong generated monetary expansion several negative effects stem in average and long term. One of them, the increase of the prices. “The history suggests that it is complicated that a country uses the quantitative easing to avoid the deflation without falling down later in a high increase of the inflation”, point the experts of Action Forex. This future stage of increase of prices, the gold and, in general, the prime matters they enter, action since they usually act like coverage before the above mentioned increases.
04-09-2009 Cotizalia
The gold caresses 1.000 dollars the ounce, 6 months later
The gold is on the verge of 1.000 dollars the ounce. The experts explain this strong revaluation for the fears of an upturn of the inflation of length and a half term more than to the fear of another financial collapse. “This level is very excellent from a perspective of long term since it represents the maximum from a point of view of monthly closing. In all cause it in that this level has tried to excel itself, the sales have been imposed quickly. In case now these levels are exceeded and the price does not return backwards with rapidity, it will be possible to begin thinking about a consistent rupture and, therefore, before the possible deployment of a new secular upward stretch that should lead it to entering free increase.”, tells the technical analyst Yosi Truzman.
04-09-2009 the Economist
For 1.000 dollars
The gold remained yesterday to the knife-edge of 1.000 dollars, and it is the 3rd time that tries to overcome this technical and psychological barrier. It already did it in February, when it reached 1.001,7 dollars before falling down again, and in June, when it came to 983,2. Now it is the occasion in which the gold has more possibilities of beating the barrier of 1.000 dollars and to rise significantly more above.
03-09-2009 expansion
The gold reaches a quarterly record
The price of the gold continued his advance on Thursday, extending this way the record of last 3 months obtained in the previous meeting. The tendency has an explanation: the investors who flee of the risk bet for the precious metal, before the instability of the markets of variable revenue. In March, 2008, the gold registered a historical record 1.035 dollars the ounce troy. Since then, the precious metal has ranged between the 700 and 1.000 dollars the ounce, after the investors were looking for an alternative solution of minor risk during the financial crisis.
03-09-2009 finance
The gold, it solves the triangular movement to the rise
The gold has showed his value character again I shelter and it has not been late in making use of the doubts about the variable revenue to be impelled to the rise and to overcome this way the triangular movement that was keeping it shut up from April. The investors have not been late in taking positions in the gold, which on Wednesday, the 02-09-2009th, the ounce was raising hard up to 980 dollars.
28-08-2009 finance
The gold, on the verge of solving the triangular movement
The gold remains shut up in a movement triangular but already next to the apex. On the one hand, the continuous weakness of the dollar cheers up the interest in the assets refuge and makes it cheaper for the investors in other coins, impelling his quotation, mientra that for other, like other assets, turns out to be subject to the swaying of the bags. It is next to beginning the marriages period in the India that usually impels the demand, perhaps this helps to the gold to solve the formation positively.
25-08-2009 InfoBae
The interest in the gold re-arises from the hand of the industrialized countries
In moments in which his quotation ranges u$s950 the ounce, a decision of the principal central banks of industrialized countries offered to him a strong support to those who bet on his rise. The information of the first semester points at major investment and production without changes.
25-08-2009 LD
Gold standard and crisis
The absence of a monetary system based on a gold standard was one of the causes of this crisis. Instead of allowing that the market to be able to be guided by the help of the compass of the prices of market and a stable monetary boss, what is claimed is to replace this compass with the arbitrariness of the centralized decisions of the politicians.
25-08-2009 LD
Zimbabwe proposes to restore the gold standard
Part of the zimbabuenses already uses the gold to trade. The local currency lacks value, prey of the second worst hyperinflation of the history, and the foreign currency skimps. As alternative, the governor of the central bank of the country has proposed to restore the gold standard.
24-08-2009 Washington Post
The USA - Interesting gallery of photos of the new fever of gold in the west
While the gold approaches the quotation for 1000 dollars and they American face very difficult economic times, some of them look for his fortune and exit of the crisis unspilling in useful gossip for the golden search in California.
20-08-2009 finance
The gold, in a new attempt towards 950 dollars
It is difficult to him to overcome the gold 950 dollars, the continuous weakness of the dollar cheers up the interest in the assets refuge and makes it cheaper for the investors in other coins, impelling on the one hand his quotation. The upward tendency continues his course although with symptoms of weakness and whenever it is supported on the support of 930 dollars, the prices will tend to the rise with targets in 983-1.000 and only the loss of the above mentioned support would change the stage with targets into the 915 and 900.
19-08-2009 he was investing
World council of the Gold (WGC): "The golden demand as investment increased 46 %”
The golden demand “like investment” - where there are included ingots, coins and the called “negotiable funds of the gold” - increased significantly in the second trimester of 2009 opposite to the same period of 2008, specifically 46 %. Also, the selling by retail increased 12 % opposite to happened one year ago and 23 % with regard to the first trimester of 2009.
In the opinion of the executive director of the WGC, Aram Shishmanian, “the golden demand as investment registered a fantastic trimester, what indicates an every time major perception - on the markets - of which there are important and independent assets”.
19-08-2009 he was investing
World council of the Gold (WGC): "The golden aggregate demand falls down 9 % in the second trimester of 2009 opposite to the same period of 2008 for the crisis and his biggest price”
This way it was assured by the World Council of the Gold (WGC), association with head office in London that groups the most important mining companies of the world with the target to stimulate the demand of this metal. In his report on the behavior of the market of the gold from April until June, 2009, the WGC tells that in terms of value, calculated in dollars, between this year and the previous one has produced a fall of the sales to himself of concerning 6 % up to being located in 21.300 million dollars (approximately 15.000 million euros). This descent is explained partly by the descent of the sector of the jewelry shop, which sales fell down 22 % opposite to the registered ones one year earlier, in addition to for the economic crisis and the high prices, which in some countries have reached even record numbers. Also it lowered significantly the golden demand of the industrial sector, specifically 21 %, according to the same source.
19-08-2009 Bolságora
Interrelation: gold and bag
The Monday collapse in the bags concealed another not less excellent fall: that of the gold, that this day left more than 1,5 % to itself. This is not a mere coincidence, but both assets have been moving more or less to the unison in the last times. Something that turns out to be very strange for the academicians because theoretically it should not be like that by no means. The acquaintance Richard Russell, (more or less publishing technical analyst of Dow Theory Letters, is one of the few ones who have realized this phenomenon. Last weekend, for example, was arguing that, “when the bag falls down, the most immediate thought is that the Fed and the Treasure are losing his battle against the deflation. With this idea in mind, the gold usually suffers furamente. On the contrary, an upward bag suggests that the Government is gaining the war against the deflation and that the assets inflation is making way for itself. In whose case, the gold will rise”.
17-08-2009 X-Trade
The gold might keep on shining in 2010
The Gold supports inside a few levels historically very high, the impressive increase of the distaste to the risk as a result of the suspense untied by the economic-financial current crisis, has untied the demand of ingots and coins, related to his roll of reservation of value, reaching in 2008 640 metric tons, what supposes an increase of 44 % opposite to 2007.
14-08-2009 LD
Gold and economic freedom
Article prepared by Alan Greenspan in 1966. A practically hysterical opposition against the gold standard is a connection that joins the estatistas of any condition. They seem to appreciate - perhaps clearer and deeply that many defenders of the laissez faire - that the gold and the economic freedom are inseparable, that the gold standard is an instrument of the laissez faire, and that it implies one and needs to other. To understand the reason of this opposition, first it is necessary to understand the specific role that plays the gold in a free society.
12-08-2009 Reuters
Gold operates in rise before announcement Fed
The prices of the gold were rising on Wednesday in an ups and downs meeting, with the attention of the market put in the announcement on the monetary policy in the United States that is waited for later. The fund leaned back on gold that is negotiated in bigger bag of the world registered on Tuesday a new fall in his tenancy. The investors remain cautious before the decision on the money-market rates and the attached bulletin of the Federal Commission of Open Market.
“There might be an increase of the volatile nature after the diffusion of the bulletin of the Fed. It is probable that the Fed repeats the evaluation of Bernanke of which the economy is recovering slowly. On the one hand, the recovery would be a factor that it indicates that the investors can cover more risks again, what would be negative for the dollar but positive for the gold.”, said Peter Ferti, consultant of Quantitative Commodity Research.
08-08-2009 CE
It is time to return to the gold
If we want to avoid recessions with 20 % of unemployment in Spain and two digits in the USA, with the people sleeping in tents in the First full World after losing his house, it is time to return to a form of real money. The problem with the money fiat is that, on having been injected to the bank system, it generates sectorial and global booms that then imply a recession for sanear so many bad inter-sectorial resource allocation and inter-temporarily. The booms of apparent exaggerated growth in fact are productive mirages, and his cost is the highest during and later. The gold was representing the protection of the majorities opposite to the disguised plundering of the financial elites. Finally, the mainstream discusses the topic with the seriousness that deserves, leaving the Keynesian deceits on this matter.
07-08-2009 BolsaCash
The gold is on horseback between deciding if there is inflation or deflation
Eduardo Bolinches, the director of Bolsacash, makes sure that the gold “faces a big resistance in 999,40 dollars although for the way it will meet others smaller”. To his judgment, “if it breaks resistances to the rise it will mean that the battle the desire the inflation and even the medium-term hyperinflation, what would imply a descent of the American dollar and a gold to 1.375 dollars”. On the lower part, it understands that “under no concept we should see closings below the band of support of 924,68-920 dollars”. It aims at that is the fact of having corrected less than 50 % of the previous increase what does that his short-term upward tendency stays alive “because in the mid term there is no doubt that it is upward”.
05-08-2009 finance
The gold confirms the overcoming of 950 dollars and re-strengthens his upward tendency
The gold has managed to confirm finally the overcoming of 950 dollars. The continuous weakness of the dollar that raises the interest of the investors in assets like the gold and makes it cheaper for the investors in other coins, is impelling his quotation.
04-08-2009 finance
Gold - The investors made use of the opportunity to shorten positions after the recent upturn passing to the markets of variable revenue in his place
This situation also has turned out to be reflected in the holdings in ETFs that have experienced the biggest monthly investments flow from April of last year. Technically, the commercial of the gold draws a triangular formation with a current status between 916 and 980 USD, a short-term support of moving average of 100 days in 925 USD and a resistance in 942 USD and 960 USD. Earlier or later, it will be necessary to test the recent upturn on the stock market, what should to serve as help to the investors although, I dress that the comments about the inflation continue recrudeciéndose, there is foreseen a long-term additional liquidation of any upturn.
03-08-2009 the Universal one
New currency or comeback to the gold standard
The current world crisis generated the fiscal and monetary indiscipline.
Instead of restoring a real monetary order, the governments, the same ones that committed the sharp remarks, invent new expansive measurements of rescue to companies and banks that are not recoverable. For it, they squander scarce resources and do not manage to solve the crisis.
Two are the alternatives to restore a severe monetary discipline:
to return to the gold standard, which prevents the central banks from creating inorganic money,
or to propitiate the genuine competition between coins that inspire confidence.
31-07-2009 finance
I pray and the obstacle of 950 dollars
The gold as, it keeps on supporting his attraction as value I shelter before the suspense on the markets and in the dollar, but it has not just found the way towards the 1.000, supporting from June a side status between the 900 and the 950.
31-07-2009 HedgeWeek
20 of 22 agents of funds Hedge Fonds buy gold in inflation anticipation
Moonraker Fund Management has just published the result of a very interesting survey, 90,91 % of the agents of funds Hedge Fonds confirms that they buy gold to protect his personal assets against an excessive inflation. Jeremy Charlesworth, investigative chief of investments of Moonraker and manager of the funds Moonraker Commodities Fund and Global Opportunities Fund, says: "The gold is the definitive currency, that better yield gives, when the economy is in problems, without mattering being the danger the inflation or deflation.”
19-07-2009 FamilyOffice
The Gold as refuge?
An article with very interesting reflections on the suitability of the gold like investing refuge. Very good contribution given the circumstance that seems that the gold generates enough contradictory opinions. Why is the gold the most liquid good of the economy? This is a topic that most of economists of the principal currents of the thought have forgotten and risks have been delivered entirely to matematizar with variables of difficult estimation. To know because the gold is the most liquid good, we must go back to the theories marginalistas of Carl Menger, Walras or Jevons.
13-07-2009 five Days
Several key factors favor the prime matters
There are numerous and prestigious the analysts and investors who defend the good perspectives for the prime matters in the half and long term. Evy Hambro is one of the agents of investment funds of prime matters more experienced that exist nowadays. It manages the fund of Blackrock, BGF World Mining, and also the well-known fund that he invests in golden companies, BGF World Gold.
09-07-2009 cardinal Stock Exchange
The 3 best sectors to invest in the next 5 years
1. I pray
If he wants to preserve the purchasing power of his money, and do some healthy benefits, the best investment of all is the gold. You need assets that could not be manipulated by the political powers, or managers who could dilute his participation in actions, or “specialists of accounting” who determine the just value of assets …
The long-term basic recommendation is to buy gold.
04-07-2009 Consumer
Financial products based on the gold
They offer profitability over the average due to his high prices and his upward potential. The gold has always differed for canalizing big part of the investments in situations of instability of the markets, after refuge was considered to be a value in the most adverse moments for the economy. The profitability that it is generating in the last years has propitiated that banks and savings banks design more products indexed to the golden metal, and that where earlier there were investment funds, now appear warrants and deposits based on gold. The reason is not different that his high prices and his upward potential offer profitability over the average.
02-07-2009 the World
The gold, an investment within reach of many pockets
The annual average profitability is located in 20 %. In Spain, the demand has multiplied for 10. From 70 euros ingots of this metal can be bought.
25-06-2009 Lone
New attempt of the gold towards 1.000 dollars
The gold gets ready for a new attempt for overcoming the level of 1.000 dollars that are planting face, it is an excellent and very psychological level that is not easy to happen to the first one. Nevertheless, the interest in the gold is still intact so much like coverage against the weakness of the dollar as against the more and more real danger of an inflation, which will turn out to be impelled by the prices of the crude oil.
21-06-2009 newspaper of Navarre
The USA - Is reborn the fever of the gold in California
With a valuation of unemployment of 11 %, California attracts again thousands of adventurers who look for new income with the golden sale. The geologists think that in the mountains of California it still remains 80 % of his wealth in gold.
19-06-2009 strategies Of Investment
I pray …: does it keep on being an attraction?
Madrid has received this week the World Meeting of the Gold. Under the motto of “Monetary Assets with future”, experts in the matter have debated from the relation between gold and currencies or the return to the gold standard …
19-06-2009 finance
The gold, in consolidation process
1.000 dollars are leaving him facing the gold, it is an excellent and very psychological level that is not easy to happen to the first one. Nevertheless, the interest in the valued metal is still intact so much like coverage against the weakness of the dollar as against the more and more real danger of an inflation.
18-06-2009 FT
Germany - Machines with the touch of Midas that change the chocolate into golden ingots
The Germans, who for time turn out to be attracted by the solid safety of the gold, soon will be able to show his appetite for the metal gilded with the same facility that they can buy a chocolate tablet after the plans know each other announced yesterday to install golden vending machines in airports and train stations of the whole country. The project of the company TG-Gold-Super-Markt tries to make use of the interest of the small buyers in the gold. A prototype of the vending machine that was placed in the airport of Fráncfort yesterday was alike a remodeled version of the dispensers that are usually used for the sale of snacks. For 30 euros, the clients of the airport will be able to acquire a 1 gram golden plate. The 10 grams ingots were promoting 245 euros, and also coins could be acquired.
This year www.Gold-Super-Markt.de wants to install approximately 500 machines in Germany, Austria and Switzerland.
16-06-2009 ABC
White gold and diamonds
Since it began in 1947 they have come distributing the rings of the winners of the NBA there are a few masterpieces of the jewelry shop. They are realized in 14 carats white gold and absolutely replete with small diamonds in his three faces.
15-06-2009 informer
I pray …: the new medicine?
Minerals earlier focused on the vanity possess unsuspected medicinal properties. Interviewed by the Mexican Academy of Sciences (AMC), González points out how “the gold has given good results in the annihilation of carcinogenic cells without damaging healthy textile. The copper, he adds, is a material that to nanometric scale is very hard, and can be applied in the field of the communications”.
10-06-2009 finance
The gold, new attack towards 1.000 dollars
The gold supports an impeccable upward tendency with healthy corrections inside the upward channel, which turn out to be followed by new attempts to the rise. The interest in the valued metal is still intact so much like coverage against the weakness of the dollar as against the more and more real danger of inflation, which will turn out to be impelled by the prices of the crude oil.
03-06-2009 finance
The gold, caressing 1.000 dollars
The gold already rubs thousand dollars with strong upward tendency. The price has overcome 61,8 % of recovery of the whole fall from maxima and supports targets in 1.007 dollars and later 1.033 dollars although earlier it has to consolidate the area of 990.
03-06-2009 the Reason
Bolivia - The Big Power in gold
For fear of the thefts, the cholitas choose to buy games of Chinese gold. A game of jewels of pure gold goes so far as to cost up to eight thousand dollars.
27-05-2009 five Days
The absence of sheen of the dollar turns into new upward impulse for the gold
In times of financial innovation, the gold, the whole outstanding figure in suspense times, supports his validity as assets: it has recovered 17,15 % from minimums and already glimpses the historical reference of 1.000 dollars.
26-05-2009 the Economist
The downward flame of the dollar warms the climb of the gold
From the beginning of March, 2009, the green ticket accumulates a regression of 12,5 % opposite to the euro and the gold has added 6 %. The red numbers are destiñendo to the green ticket. The investors have given him the back to the American dollar in the last weeks, a tendency that has come accompanied from other one consisting of the increase of the bags, the oil and the gold. Coincidence? No. Causality, since the downward flame of the North American currency is the one that warms the upward gust of the rest of the assets.
25-05-2009 the Economist
Do I pray to 1.100 dollars?
A “progressive advance” of the prices of the gold suggests that it will overcome the previous maxima in next months, and that the futures will reach 1.100 dollars the ounce, according to Andrew Chaveriat, strategist of BNP Paribas.
22-05-2009 finance
The gold, in direction of 1.000 dollars
The gold does not rest in his strong upward tendency and in spite of the spectacular rebound of the bags, has gone out strongly of the side status to the rise. It recovers this way already 61,8 % of the whole fall from the February maxima in the 1.000$, which it already marks like next target.
21-05-2009 WGC
The demand grows 38 % for gold in the first 3 months of 2009
The World Council of the Gold (WGC) has communicated route the quarterly report “Tendencies of the golden Demand” that the auriferous demand has grown 38 % in the first 3 months of 2009 due to the strong interest of the investors. The manager of investigation of investment of the WGC, Rozanna Wozniak, said in one that he foresees that the demand of the investors stays firm, because these think about how to put his money in sure assets.
George Milling-Stanley, the director of management of the World Council of the Gold (WGC), said:
“In the current circumstances of the market, I do not surprise any increase of the investment in gold. The gold benefits from a combination of buys of sure refuge, demands like coverage opposite to the inflation and diversification to the gold to reduce the general volatile nature of briefcase of investment in the middle of the worst financial crisis in the history. We see a movement from revaluation of the capital towards preservation of the wealth.”
21-05-2009 LD
The president of GOLDMONEY, James Turk, unravels how the governments manipulate the price of the gold
It reveals how the governments and the central banks manipulate the price of the gold to prevent the uncomfortable truth from going out to the light: that the national coins are being handled badly and that his purchasing power is being inflated.
20-05-2009 LD
“The worst thing is still to come and it will overcome to the Big Depression”
It is said by analysts of the size of Nicholas Nassim Taleb or Howard Davidowitz. The current world crisis is “much worse” than the decade than 1930 because the financial systems and economies of the whole world have become more interdependent, according to the author of the bestseller Black Swan, Nicholas Nassim Taleb.“ This is the most difficult period that the humanity is crossing because the governments do not have any control”. Taleb goes moreover there and warns that the global economy goes towards a “big deflation”, although it does not discard future inflationary risks due to the tickets impression on the part of the principal central banks of the developed world, in consonance with the forecast of the teacher Antal Fekete. As result, the "gold" will experience one “rally massively” as value sheltered par excellence in order to support the purchasing power, reports Bloomberg. The current world crisis is the worst from the Big Depression that it took place after the crack of 29 in the USA, adds the well-known analyst. Also, he adds that the euro and the dollar are going to be submitted to strong pressures front more solid assets as the gold or the Chinese currency. It points out that the investment in public debt presents “a lot of secret risks”, and points at the possibility that billionaire losses should take place on the credit market of derivatives (CDS), which is used like an insurance to guarantee the investment in all kinds of public and managerial debt.
18-05-2009 Libertad Digital
… The article about the year 2009 …!?
Hyperdeflation, hyperinflation or both simultaneously?
The central banking applies “not conventional” measurements to avoid the awesome deflation that took place during the Big Depression.
Some analysts are praised by the arrival of a hyperinflationary process once the economic recovery takes place. It is the opinion that Morgan Stanley, Peter Schiff or Jim Rogers share. Two last, investing prestige Americans, are alert of that the politics of the Federal Reservation of the USA (FED) of indiscriminate increase of his balance by means of the buy of almost any type of assets and debt (quantitative easing), inexorably, will provoke the destruction of the dollar, doing that the prices go off.
According to Schiff, president of Euro Cardinal Pacific and prestigious analyst of Wall Street, the crazy politics of Ben Bernanke, president of the FED, in order to avoid the deflation they are going to cause an inflationary spiral, which end might be the hyperinflation and, ultimately, the collapse of the dollar and of the proper North American government.
18-05-2009 the Economist
I pray: New signs of fortitude after breaking Shooting star maxima
Last Friday of May 15 of 2009lth bulls achieved that the gold was closing over this new resistance with what they gave one it spent more in the direction that we consider to be more probable for weeks, the return to the historical maxima in the area of the 1000 / 1033 dollars.
08-05-2009 the Economist
Nassim Nicholas Taleb: "There will be rally massively in the copper and the gold”
Nassim Nicholas Taleb, teacher of financial mathematics in the University of New York and writer of the book: The Black Swan:
“The global crisis is enormously worse than that of the 30s because the financial system and the economies are more interdependent ones, this is the most difficult period for the humanity because the governments do not have the control.
The inflation risks are increasing since the governments are printing more and more money.
One of the consequences will be one “rally massively” in the copper and the gold.
Precisely the gold, the copper and other assets are the best bets to invest while the currencies as the dollar and the euro are more and more pressed.”
05-05-2009 finance
The gold, overcoming the roof of the side status and the downward guideline
The gold remains imperturbable to the swaying of the bag and does not seem to worry much about the recent increases. It is trying to go out of the side status to the rise overcoming with energy the 900. Since it refers to the technical aspect, in the long term, from 1999 and levels for 250 dollars, the gold supports an upward tendency that is seen acceleration in 2005, happening since then to move in a new tendency canalized, guided by a guideline of major earring and that takes him in March, 2008, up to his maxima in 1.033 dollars.
04-05-2009 five Days
The mysterious case of the gold
The gold has been one of few assets that have had a behavior more that acceptable in relative terms during this crisis, the interest to take advantage of these beneficial properties increases radically. Even more if, as he emphasizes Reuters in a released report recently, the differential between the price of the gold and that of the prime matters, measured by the index CRB Commercial (it excludes the oil and the gold), has reached his maximum of 30 years ago. In percentage of change, the differential has come to 65 % and in points to the 540, what overcomes extensively the previous maximum to 370 points reached in 1980.
23-04-2009 X-Trade Brokers
Prime matters I Pray, technical analysis: Will we break maxima?
Upward stage; In case of overcoming 894, trying to look for an upward trade up to 900 dollars, it is possible that the increase is major and we see a strong impulse for that one is waiting but nevertheless it will always be necessary to wait for assertions.
22-04-2009 strategies of Investment
What would happen if there was no Fed?
…
15-04-2009 finance
Gold, the corrections are a buy opportunity
To shortly the gold it is not going to escape of this volatile nature, but with any more horizon either, nobody doubts already of that we are in a deep crisis and a deep crisis, temporary movements of the separate bags, plays in favor of the gold, first like refuge before the crisis and second because we already know that of this crisis and of the monetary waste with which it is caught, we will go out with a strong inflation, environment that also benefits it. Good now and good later and therefore, in average and long term, the corrections are to me to understand buy opportunity.
10-04-2009 Cotizalia
The fever of the gold has not happened, one waits for the second sprout
In the next weeks we can be before a new sprout, more if there are confirmed the words of the analyst George Soros.
“The gold has been accepted like wealth during thousands of years. When all the forms of wealth have fallen down or have become suspicious, the last assets that has continued in foot have been the gold. The gold has neither equivalent nor debt aligned to him. He does not need the central banks to assure his acceptance, the gold is accepted everywhere and in any quantity of a form of indestructible, eternal wealth.” there assures Richard Russell, author of Dow Theory Letters.
07-04-2009 Reuters
GFMS foresees investment gold increase strongly in 2009
In accordance with the golden Report of 2009 of GFMS, published on Tuesday, the world investment in gold already raised to 26.000 million dollars in 2008 from 14.000 million dollars the previous year.
Interview with the executive president of the metal counsel GFMS, Philip Klapwijk.
“The conditions are very propitious for the investments in gold. There is no reason for which they could not see any more than 40.000 million dollars entering the market (this year). This the same way is a quite small total compared with the flow that have bring in in the principal assets. The principal funds, in general, do not support gold. I believe that it is a market that it is going to begin to exploit. The gold might exceed 1.100 dollars the ounce, overcoming his current historical maximum for 1.030,80 dollars reached in March, 2008.” Klapwijk said.
06-04-2009 gold and Finance
Bill Murphy: "The price of the gold is being manipulated by the Federal Reservation and the Central banks“
The portal Gold and Finance exclusive interview to Bill Murphy, President of Gold Anti-Trust Action Commitee.
04-04-2009 five Days
The gold climbs to levels previous to the explosion of the war in Iraq
The evolution of the price of the gold contrasts with the behavior of the world Stock Exchanges, at present in slightly minor levels to the annual maxima. The precious metal has climbed strongly from March and despite the yesterday regression, which placed the price about 380 dollar for ounce, quotes in a level that is about that of February of this exercise before the beginning of the war of Iraq; a price near, in turn, to that of middle of 1996.
04-04-2009 five Days
The golden funds shine with proper light
In this conjuncture of collapse of the Stock Exchanges and financial crisis, there exist investors who have been raised to the winning horse and are invested in funds that, at this point of the year, accumulate latent appreciations of up to 50 %. Although the Stock Exchange falls down close to 9 % from the first of year, assets exist, gesticulate even, that have been revalued strongly. It is the case of the portfolios that they invest in prime matters and, much especially, in gold and in mining companies. According to the numbers that there handles Morningstar, the signature of analysis of investment funds, the most profitable portfolios in what it goes of year are precisely those more exposed to the evolution of the precious metal.
31-03-2009 Reuters
Barrick: World crisis supports panorama I pray
The world financial crisis and the threat of the inflation prop the panorama up for the price of the gold, because his attraction increases as a sure refuge, said on Tuesday a Rob Krcmarov, vice-president of exploration of the mine-layer Barrick Gold Corp. “It is a very attractive class of assets. Obviously the mining provisions are going down, the industry in general is not replacing provisions (…) the discoveries valuation is decreasing and obviously the inflation is emerging like a risk, all this is positive for the gold.” he was necessary in a conference of exploration organized by CESCO in Santiago de Chile.
30-03-2009 wave Zero
The currency of bigger gold of Europe
The currency of bigger gold of the whole Europe is so big as a pizza, although it reaches a 31 kilos weight. His value, although it puts “100.000 euros”, I could come to the 800.000 according to the congregated experts. This big ingot, round and of 24 carats, it has been made by the Mint of Austria.
29-03-2009 chronicler
How to bet on the precious metal on the local market
Not to remain out of the fever of the gold, several alternatives exist: the investor can buy physical gold in exchange offices and in local banks …
29-03-2009 the Economist
The gold every time shines more and points towards 1.000 … with permission of the inflation
The crisis not only has not been able with the precious metal. The exception that confirms the prevailing downward rule has been the gold, which has not stopped rising since 2001 began. At the same time, when the panorama clears up and the money recovers his appetite for the risk, the metal benefits for another motive: if the economy recovers haulage, also it will return the inflation: and what assets does he emphasize for shining when the prices rise again? Bingo!, also the gold.
26-03-2009 finance
The appreciation of the gold as investment before the monetary suspense
In the long term, from 1999 and levels for 250 dollars, the gold supports an upward tendency that is seen acceleration in 2005, happening since then to move in a new tendency canalized, guided by a guideline of major earring and that takes him in March, 2008, up to his maxima in 1.033 dollars.
16-03-2009 the Confidential one
Why does it raise the price of the gold
Although the gold is a raw material, in times of financial suspense it acts like a currency. The gold represents to the excellent money. It is a thermometer that it indicates that something goes badly in the world economy. It is a perfect barometer of the inflation. The understood gold as active monetary it is part of the international financial system and turns into a refuge in epochs of suspense. It is the most ancient, more important and an insurance of the monetary assets of the history of the humanity. The gold represents to the excellent money. It is a value recognized by all the cultures of the world for more than 5000 years.
13-03-2009 Commerzbank
The sale currencies of Swiss bank is of benefit to the gold like the only alternative
After the National Bank of Switzerland (BNS) sold francs opposite to the euro and the bogey of the career increased for devaluating the principal currencies it did that the gold raised 2 % on Thursday. Analysts said that the intervention of the BNS means that one of the surest currencies of the world is being undermined deliberately to help to impel the growth and that other countries might continue it.
The analyst Eugen Weinberg de Commerzbank said:
“If all the currencies are being devaluated if then the gold is a currency that is going to benefit from that. Then we have bad currencies, worse currencies and the worst currencies, and the gold might be a stable alternative in this case.”
12-03-2009 Libertad Digital
The “holidays of the gold” help to the hearths of the USA to pay his debts
The need for money to pay the letter of the car or the mortgage quota impels the “holidays of the gold” in the USA. Some companies come to the hearths to change jewels into money and the host receives 10 % of the liquidated whole. This way he announces to himself a company dedicated to organizing Gold Parties (holidays of the gold), which business model is causing fury in the USA. www.FastCashGoldParties.com
06-03-2009 five Days
The golden demand as strategy of investment multiplies his attraction
The experts give for fact that the precious metal will overcome 1.000 dollars again for ounce and bet for levels between 1.300 and 2.000 dollars, a potential of revaluation of 40 % on 115 %.
05-03-2009 Libertad Digital
The central banks of the Persian Gulf increase his golden reservations
The gold will redeem an out-standing role as monetary assets in the economies of the Council of Cooperation for the Arab States of the Persian Gulf (organization formed by Bahréin, Kuwait, Oman, Qatar, Saudi Arabia and United Arab Emirates. The demand increased 140 % in the last trimester of 2008.
04-03-2009 intereconomy
EJD Values: "Is it the gold a market sheltered?”
Next we will proceed to analyze the situation of the Gold, clearly speculative moment for the precious metal in which we see as the prices rise and go down entering the very opposite upward tendency, as it is logical, the tendency of the market. We will proceed to focus several topics and news that we believe that they are crucial and extremely excellent for the yellow metal.
24-02-2009 five Days
The gold approaches the record that managed after the crash of the Stock Exchanges
It seems that the markets keep on seeing the situation as complicated as one year ago. The price of the golden ounce, which weighs little more than 31 grams, closed yesterday to 994 dollars. From the last November the precious metal supports a constant ascent that has brought over to the maximum historically that managed in March, 2008, in 1.032,70 dollars. Then, the investors were fleeing of the variable revenue after the world crash of the Stock Exchanges and were looking for surer assets, like the gold.
24-02-2009 the Economist
The gold must keep on rising or the bag going down; or two things
The bags sink again and they are already close to 50 % below his historical maxima. While, the gold goes off thanks to the money that flees of the financial assets, it reaches 1.000 dollars and it is to only 7 % of his record. Is it a sustainable situation? Ashraf Laidi, strategist chief of currencies of CMC Markets, believes that yes. It is based on the long-term relation between both assets, which leaves to us cycles of 35-40 very definite years.
23-02-2009 Libertad Digital
The USA - The gold standard returns to the economic debate
“The capitalism needs a few solid monetary foundations”, according to the economist Judy Shelton. For it, it defends the return of the gold standard opposite to the fiduciary money, after the abandonment of Bretton Woods in 1971. Indiana debates the return of the currency leaned back on the yellow metal. The above mentioned boss would restore the lost right of the citizens to use a currency leaned back on gold like currency of legal currency if they notice that the paper money that the Government prints loses value. Namely purchasing power. The problem is that “the money fiat (a currency without intrinsic value that the Government has decreed of necessary course) loses his value when the Executive believes more than it can absorb the real economy”, tells Shelton. “Too much money fiat generates inflation, which turns out to be first in certain sectors like the housing or the financial assets, but which ultimately raises the general prices level” (IPC).
23-02-2009 Cotizalia
The fever of the gold comes: buy gold
“There is no fever as the fever of the gold”, made sure last February 16 the analyst Richard Russell, author for 41 years of Dow Theory Letters, where he explains, from a technical point of view, the behavior of Dow Jones and the movements of the market. Only four days later, on Friday, the ounce overcame 1.000 dollars for the first time from March, 2008. “Only there is an article that is bought when fear and greed exists. This is the gold. Does it worry about the viabiliad of the dollar (fear)? Then buy gold. Does it worry because the opportunity (avarice) is escaping from him? Then do not wait. Buy gold”, Russell recommends his parishioners.
20-02-2009 Expansión/Financial Times
The fever of the gold of the investors
In the last trimester of last year the investors of Europe and the USA bought compulsivamente gold in coins and ingots, up to a 148,5 tons whole, an increase of 811 % opposite to the same period of 2007. The collapse of Lehman Brothers has provoked a spectacular increase of the surest assets. According to the last report on demand of the World Council of Gold (WGC) published yesterday, this new fever of the gold between the western investors has generated an increase of almost 400 % of the global retail investment, up to 304,2 tons.
20-02-2009 Expansión/Financial Times
The gold glistens in a tarnished economic stage
In the middle of the turbulencies that punish the markets, a golden age is living through the gold. The macroeconomic indicators keep on showing the strong deterioration of the global economy, a stage that favors the interest in the gold, like the active excellent refuge.
20-02-2009 Expansión/Financial Times
The gold, I am big enough to turn into obsessive assets
The gold is an excellent candidate for turning into obsessive assets since his demand moves principally for financial motives opposite to the industrial demand and/or of jewelry shop where the impression that the high prices cause might put limit on his evaluation to the rise. In fact, the gold is at present one of few classes of important assets that stay where there might happen the case of that his increase was acquiring a form of parable. Once the psychological value of 1.000 dollars (791,7 euros) the ounce excels itself of convincing form, the speed of the movement beyond this level might hasten sudden.
19-02-2009 Economista/X-Trade Brokers
I pray: factors fix for his quotation
The different factors that must be born in mind in the operative one with the gold: The characteristic of active refuge is the most important. The quality of these assets of serving as coverage opposite to the inflation. The weakness of the dollar.
19-02-2009 Libertad Digital
The gold is imposed like change currency in Zimbabwe
The only exits that the population has to acquire food it is to receive foreign currency or to pay with gold. Way of payment that has spread hard over the rural population. The commerce of numerous enclaves of the country only accepts gold to sell his products. A bread bar, it costs 0,1 grams of gold. In the villages, women and children fix his knees in the waters fanganosas of the rivers trying to find precious metal remains and affirm, as he gathers The Guardian, which without 0,3 grams of gold a day, will not be able to survive.
17-02-2009 expansion
The gold touches maxima with the bags in minimums
The new new outbreak of economic, and stock-exchange pessimism, it propitiates another reaction in the precious metal, one of the values sheltered par excellence. Only in what goes of year, the gold already accumulates a revaluation near to 11 %. An almost traced inverse behavior is the one that the bags present in the same period. Dow Jones adds 12 % of falls, and 13 % the index paneuropeo Eurostoxx50. Re-arising from the investing interest in the precious metal is reflected also in the record numbers of sales of ingots and golden coins that have registering in the last times.
13-02-2009 the Economist
I pray, the eternal active refuge
The metal accumulates profitability superior to 7 %. Some analysis houses have raised his objective price for this year up to 1.000 dollars.
10-02-2009 finance
The gold, I shelter in suspense times
The gold becomes fashionable in suspense times for his value characteristic I shelter and it supports a strong upward tendency.
04-02-2009 the Country
The gold, or how to find profitability in the middle of the crisis
The crisis has left a truth in foot: the gold continues that it keeps on being a big value I shelter. The precious metal turns into the value preferred by analysts and investors, who augur an important heyday of his quotation. The turnovers on the international markets reach records.
03-02-2009 intereconomy
XTB: “The gold, perspectives on the world market”
The prices levels will be a reference to be born in mind for the importance to value both from a long-term and deflationary inflationary stage to way. First of all we are going to analyze which are the elements that must be born in mind in the operative one with this type of assets.
30-01-2009 InfoBae
Barrick Gold foresees new historical maxima in the price of the gold
It is probable that the price of the gold touches new historical maxima in terms of the dollar, because a serious worry exists on the American currency, said Peter Munk, president of Barrick Gold, the biggest mine-layer of the world. Munk supported that a possibility existed even, although not sure, of that central banks - included that of China - could begin to change his tenancy into dollars to gold, what might generate a climb in the price of the metal. “The gold is in record levels in every currency except in dollars. Even in terms of the dollar it is to few percentage points of his historical maximum. If it is the effect of the currency or a reaction to a suspense sensation, the gold in my opinion is more probable that it rises that I lowered.”
27-01-2009 XTB
Which are motives that are influencing the upward behavior of the gold?
For what might we wait in the next months? The gold was touching last week levels that were not seen from the beginning of October, 2008. First of all there analyze which are the elements that must be born in mind in the operative one with this type of assets.
25-01-2009 the Economist
In a mess times: If the bag fails, he has always left the gold
In epoch of crisis, many are those who see refuges of prime matters touched by the values like Brent, the gold … For those who flee of strong emotions, there comes the first deposit of the period indexed to a raw material, the gold, that according to the experts of the entity that throws it the ounce can come to 2.000 dollars. It is a question of financial assets that are not under the control of the governments, therefore in periods of suspense and economic recession his attraction increases.
23-01-2009 Financial Times
In Financial Times: The only alternative to the dollar is the gold!
UBS now foresees that the gold comes to 900 dollars for ounce in one month, opposite to an estimation previous to 800 dollars. “Our clients' flows suggest that the situation of the bank sector has cheered the investors up again, with strong demand of coins and investment in small bars from beginnings of the week”, said the strategist of UBS, John Reade.
21-01-2009 Tanaka
Japan - Major retailer ingots handled record platinum in 2008
The biggest retailer of ingots of Japan, Tanaka Kikinzoku Kogyo, he said on Wednesday that handled a record platinum volume in 2008, with a strong growth of the interest on behalf of investors when other markets collapse. The golden sales in 2008 rose in 205 % from 2007, the biggest rise from 2002. “The investors realize the value of the physical assets, which in contrast to the role assets do not disappear, and revalue to the metals for investment”, said an official.
19-01-2009 the Economist
In 2009, the gold can provoke a big smile or some tear
Just as in the XIXth century hordes of men thirsty for gold flooded the region of California spade in hand, in the XXIst century this precious metal keeps on waking up the instinct of search of the investors. The gold, historically one of the preferred ones for the investors, is a clear sign of that the fear has not eliminated.
14-01-2009 Royal Mint
England declared bankrupt of design for Olympian coins for 2012
British athletes threw on Tuesday a contest in search of creative minds to design million coins of 50 pence for the Olympic Games of London 2012. The “Competition of Design of the Real Mint” gave beginning in Trafalgar Square. The Real Mint, the more ancient manufacturer of coins of the world, organized the contest and he will be the producer of the Olympian coins. Judges will select 29 designs that will represent different Olympian sports and paralímpicos in the rear part of million pieces of 50 pence from March, 2010. The competition is opened for major residents of the United Kingdom of 13 years and the winners will receive 1,000 pounds sterling in cash and a golden currency with his design.
09-01-2009 Telegraph
Merrill Lynch says that the rich ones buy golden ingots for safety
Merrill Lynch confirms that some of his richest clients are so alarmed, for the state of the financial system and the marks of inestibilidad politics in the whole world, which now golden ingots insist on buying.
Also at Libertad Digital
08-01-2008 InfoBAE Profesional
After a good 2008, the gold thinks about how to be consolidated like investment alternative
Although there are those who think that the golden metal did not achieve everything for what he was expecting from him throughout 2008, it is undoubted that was consolidated like one of the most attractive investments of value refuge. The news agency Bloomberg points out that the gold, it was the most profitable of the metals last year, and that it can rise of price for eighth consecutive annual period.“ The investors look where to shelter of the squalid current money-market rates, at the time that the central banks inject more liquidity into the bank system”, tell the specialists of the market. With a moderate yield, it is still clear that the same way it turns out to be interesting in spite of only comparing with the happened with other such assets like the actions. In fact, to gain 4,6 % in a context where who invested in actions some lost u$s29.000 million and where the Federal Reservation of the United States should have lowered the money-market rates even zero keeps on reinforcing the idea of that to invest in the golden metal is not for anything badly.
07-01-2009 the Economist
Éric Le Kick:
“The gold will benefit like investment refuge opposite to the euro and the deflation”
Agent Carmignac. Does it dare to predict where will he invest in the complicated 2009?
The gold represents a significant part of the exhibition of the global and specializing funds of Carmignac Gestion on prime matters. And we believe that the investment in gold will keep on being interesting for the year 2009. This exhibition in matters as the gold justifies itself for a principal reason. And the fact is that the current crisis context leads us to thinking that the world situation heads straight towards a deflationary process.
23-12-2008 the Avant-garde
They find a treasure of golden coins of the Byzantine period in Jerusalem
Israeli archaeologists affirmed today to have found a rare antiquity treasure in a just parking opposite the walls of the Old City of Jerusalem: 264 golden coins of the Byzantine Empire. The coins have the image of the Byzantine emperor Heraclio, who governed between 610 and 641. In accordance with Ben-Ami, of the Office of Antiquities of Israel (IAA), the golden coins treasure is one of the biggest never found in Israel and the biggest found in Jerusalem. Only once earlier golden coins had been in Jerusalem, more than one decade ago, and there were only five, which also were dating back to the late Byzantine period.
18-12-2008 Libertad Digital
The fever of the gold goes off before the fall of the dollar and the pound sterling after the types clipping in the USA
The future profitability of the gold is located in maxima. The gold, to the rise. The thunderstorm that it shakes to the international currencies market is translated in an increasing revaluation of the gold. The market of American public debt is registering a bubble that, in case of exploiting, will shoot the price of the yellow metal.
08-12-2008 finance
Investment keys to take advantage of the fever of the gold
The gold is assets that shines with proper light in crisis times. Considered traditionally like a value refuge, his demand has experienced a strong growth in the last months and the forecasts aim that it will keep on increasing. The options are to buy physical gold or to invest in futures.
20-11-2008 the Avant-garde
Karl Lagerfeld designs a golden currency with the image of Coconut Chanel
The designer Karl Lagerfeld has been in charge of conceiving a golden currency minted with the image of Coconut Chanel, owing to 125 anniversary of the birth of the one that is one of the historical figures of the fashion. The currency is five golden ounces in reference to the perfume most known about the fashionable house which there names Coconut Chanel (1883-1971), the Number 5.
17-11-2008 Goldseek
Saudi Arabia buys gold for 3.500.000.000 of dollars US
The golden buys at price of bargain carried out by Saudi Arabia in the last two weeks it has served to increase the golden reservations of the country and to confront the strong fall of the price of petroleum.
16-11-2008 guard
Iran turns his monetary reservations into gold
Iran has turned into gold his monetary reservations to avoid problems in the future, according to the newspaper “Pul“ that gathers the affirmations on the part of Mojtaba Samareh-Hashemi, adviser of the president Mahmoud Ahmadinejad: "According to the plan of the president, one has changed monetary reservations of Iran into gold to avoid many problems in the future.” Although other officials refuse it, in July, 2008, Iran had begun withdrawing funds located in Europe by a value of up to approximately 75.000.000.000 USD, part of éllo there is posicionado in Asian banks.
07-11-2008 the Country
The gold, a sure value before the crisis
In times of crisis, golden umbrella. Under the soaker of the red numbers, one of the refuges that the investors are finding is that of this precious metal, which it is possible to acquire so much in the traditional form as jewel, or in the most financial of the ingot of investment. And they are already not only the big investors those who destine his values to these golden bricks, but also the individuals. And the fact is that the price of the gold has been revalued in the last years. The last increase of the golden price is pushed by a significant increase of the demand. The experts point out that this one has multiplied for five in the last year in Spain.
07-11-2008 I value
The crisis and suitable answers
The problem was the politics to "save" the economy of a recession with the money plenty. That alone is possible with a system of money that is not endorsed by anything real and with central banks that decide the monetary policy. This way it is possible to corrupt the natural equilíbrio of the market (that normally is the most ideal thing in the long term). The politicians think in the short term (to gain the elections, etc.) and they do not accept a recession.
Suitable answers: To eliminate the Central banks and (re) to establish the gold standard.
07-11-2008 Cotizalia
The abandonment of the gold standard or the secret of the converted one
This is the vile secret of the statesmen of the well-being in his diatribes against the gold. The deficit expense is simply a plan for the confiscation of the wealth. The gold intervenes in the way of this insidious process. There represents a protector of the rights of property. If one understands this, it does not have any difficulty to understand the political hostility towards the gold standard.
29-10-2008 Libertad Digital
The gold, real money - Bye, bye, dollar
The central banks have begun to reinforce his balances increasing his golden reservations. And not only Russia and China. Proper Banco Central Europeo sees with good eyes the restoration of a gold standard that should never have given in. The principal producing countries of oil (OPEC) study seriously for time to replace the dollar with other types of currencies in his daily crude oil deals. And, finally, although not, less important, China (principal holder of American debt) advocates it for eliminating the dollar in his commercial relations and using other coins. The tensions are already moving to the paper money (penultimate step). The apex of the pyramid, the most liquid assets that exists, is the gold, coin par excellence, for this is the only financial asset that is not the debit of anybody any more. Namely that cannot turn out to be unpaid, since it always has exit on the market. And so, bye, bye dollar.
23-10-2008 the Nation
The gold, a refuge
Golden ingots accumulate in the vaults of the Bank of England, which authorities admitted that the British economy might enter recession next year. In the middle of the global financial crisis, the gold has turned more than never in the refuge for the investors.
15-10-2008 laugh
Ukraine entrá in fever of the gold immediately after the crisis
Ukraine sank in an authentic “fever of the gold”, he stated on Wednesday the periodic place delo. The people distrust already qualifications values and bank deposits. “In what goes of year, the Customs allowed to spend 18 tons of the gold for entire value of more than 500 million dollars. This volume is four times superior to the import of last year”, writes the newspaper quoting the information of the national Committee of statistics. Sources of the bank VAB say that the sale of the gold increased in 50-70 % from January. An analyst of the sector told to delo that “the increasing interest towards the gold is a counterweight opposite to the monetary instability”, since the national currency, grivna, has depreciated lately opposite to the American dollar.
12-10-2008 the Country
Only the gold has managed to avoid the strong falls of the markets
That thing about the market is a massacre. From the actions up to the oil and from Tokyo up to London, the markets have suffered enormous falls. Only the gold has been saved. The immediate cause is the panic concerning the liquidity and the banks. But there are forces deeper that also are in game. The investors are desapalancando (reducing the debt) and the calculations on the benefits of the companies are checked to the fall drastically. Both things reflect the increasing fears for the real economy.
08-10-2008 PrecioOro
Germany - The investors shelter in the gold
The overwhelming demand of gold like investing refuge before the crisis of the international financial markets has driven to a scarcity of the gold in Germany. The bank and business-minded precious metals divisions have exhausted practically his stock of coins and golden ingots and they already do not take orders before the problems to obtain any more golden metal.
03-10-2008 institute Juan de Mariana
The hyperinflations under the gold
The hyperinflation, therefore, is equivalent to the death of the currency and destroys the patrimonies of those who had liquid balances in this currency. For this motive, the gold is a much surer money opposite to the demonetization risk that the paper money or the virtual money being, in this sense, a better money.
03-10-2008 PrecioOro
England - Tails to buy gold in London
The people look for protection in the gold opposite to the crisis. The current financial crisis has caused a strong demand of gold, value traditional refuge, as they testify the tails that there have formed lately opposite to ATS Bullion, British company dedicated to the commerce of precious metals.
02-10-2008 Cotizalia
The megarich ones buy massively golden ingots because they do not rely on any financial asset
The big investors are investing massively in gold; and not in certificates, futures, ETFs or other financial assets indexed to the metal, but straight in ingots and coins that they keep in his vaults. This is translating for itself in a demand without precedents of physical gold (what the Anglo-Saxons call bullion). This way it has been revealed in the annual meeting of the London Bullion Market Association that celebrates this week, where the executives of the industry and of the banking make sure that there had never been seen a few similar levels of investment in physical gold, and that the movement departs from the richest investors.
29-09-2008 PrecioOro
Cardinal Barclays - perfect Thunderstorm for climb of the gold
A perfect thunderstorm is close to forming on the auriferous market, therefore the metal would reach a new record in the next six months propped up by the suspense and the weak panorama of the dollar.
25-09-2008 PrecioOro
New golden standard for chaos in Wall Street?
Bulls of the gold vindicate themselves. The believers in the gold, ridiculed by the conventional investors due to his unbreakable upward position to the margin of which are the conditions of the market, they feel claimed by the current turbulency of Wall Street.
23-09-2008 Libertad Digital
The central banks plead for raising his golden reservations before the weakness of the dollar
The new international monetary system begins to blow up after the financial supercrash in the USA. With the financial mega-rescue of the Government of Bush, the central banks are afraid that the dollar loses value. Like that, diverse monetary authorities, especially Russia and China, plead for raising his golden reservations. The Russian chief, Vladimir Putin, urges to a piece of news “architecture“ of the financial system: "The economy cannot depend on the only machine of doing money”.
21-09-2008 the Nation
The gold, a refuge
The gold would return at the level of 1000 dollars the ounce, because the world financial crisis has reinforced the need of the investors for finding a sure refuge.
18-09-2008 millenium
Golden fever
In these days it is better to have a golden piece that you drive of a company or governmental bonds. The gold is a natural refuge. It is easy to transport and of universal acceptance. The golden metal has turned into one of the more important deposits of value opposite to the suspense. If this was small, it is necessary to take into consideration that an ounce almost always has cost the sufficient thing to buy a good suit.
17-09-2008 Reuters
Gold marks historical profit for buys I shelter
The prices of the gold marked his biggest advance in one day in absolute terms from 1980, reached a maximum of three weeks with investors sheltering in sure assets while they were observing the fall on the stock markets and were waiting for more losses. The silver continued the advance of the gold to register his biggest historical rise in one day in percentage terms from 1995. The slope of the stock markets in the United States and worries on the financial perspective has encouraged the escape to surer assets, like the gold, analysts said.
The gold to the few one gained more than 10 %, to quote to 866,10 dollars the ounce at the end of the American market, opposite to 777,55 eves dollars. The consultancy of precious metals GFMS informed in a report on Wednesday that the investment demand it is foreseen that impels the prices of the gold “much superficially” of 900 dollars the ounce in the fourth trimester while the dollar falls down and worsens the perspective of the financial sector.
11-09-2008 Reuters
Gold might touch 1.500 dollars in 2 years: President Goldcorp
The factors that affect in the price of the gold will make a recovery possible, as there agreed executives of three principal world producers of the yellow metal in the Denver Gold Forum. The gold will overcome the threshold of the US$1.000/oz again and probably reach the US$1.500/oz in the next 18 to 24 months, according to the general manager of the Canadian Goldcorp (TSX: G, NYSE:GG), Kevin McArthur. The general manager of the American Newmont Mining (NYSE: NEM), Richard O'Brien, also foresees an abrupt recovery of the prices of the gold, which would fluctuate between US$1.300/oz and US$1.400/oz in next two years. The biggest world golden producer, Barrick Gold (NYSE: ABX), he shares the opinion of Newmont and Goldcorp.
04-09-2008 PrecioOro
India - The gold re-shines with the weddings
The gold might raise 10 % at the end of year impelled by the demand for jewelry shop during the wedding station and festivals in the India.
01-09-2008 PrecioOro
France will express 15.000 golden coins
France has decided to express silver and golden coins of high denomination in euros, according to a press release spread by the Office of Post office and the Mint of France.
01-07-2008 PrecioOro
Central Bank of Europe has sold 30 tons of gold until June, 2008
The European Central Bank (BCE) has carried out golden sales for a whole of 30 tons of gold until June 30, he informed today the issuing institute.
03-06-2008 Financial ambience
The gold, with corrective potential
The bull market of the gold initiated in the year 2001 from values for 260 dollars the ounce has gained access about last March towards maximum levels for 1.032 dollars for ounce, growing in these seven years 4 times in his value. Only with increases of the gold above of 935 dollars the current downward expectations will remain awkward, and of that time yes we will have to think about the possibility that the correction from the maxima of 1.032 should have culminated in 844 dollars and that from there driving bull should have already remained rehabilitated like principal tendency about the next months.
02-06-2008 institute Juan de Mariana
Why the gold
Throughout several centuries of evolution, the agents of the market raised to the gold as the excellent money, this is, the last debt compensation assets. It was not a process of accidental selection or arbitrary, but consequence that the gold was fulfilling, better than any other economic good, the properties that demand him from themselves to the money.
23-05-2008 PrecioOro
The USA - Fever of the gold in California
A new fever, and more and more people come to Californian peoples to prove fortune.
29-04-2008 Baquía
The ancient mobile phones, authentic gold-mines
After reading this news, more of one will think it two times before getting rid of his old mobile, those with aspect of zapatófono and with a weight similar to that of a portable one of those of last generation. The motive is not different that the presence of gold, silver, copper, iridium and other metals in any devices. When it is, the gold melts to be sold later to jewelers and investors, as well as to manufacturers who use this metal in the circuits of the mobile phones, since the gold is a better driver of the electricity than the copper.
According to the company of recycling Yokohama Metal,
from one ton of ancient mobiles they can be extracted up to 150 grams of gold, opposite to 5 grams that are obtained of one ton of mineral in a gold-mine!
22-04-2008 InfoBAE
The gold turns into a new global currency and into the third currency of reservation
The rise of the price of the metal is only an indicator of the imbalance in the international geopolitical and economic stage. From another perspective, it is not the gold the one that rises, there are the currencies those that are devaluated. The rise the latter years of the price of the gold owes to a great extent to the international economic suspense and to the increase of the fears of risk of widespread inflation. More specifically, the weakening and the suspicion influences the Dollar like reservation currency as well as the liquidity excess on a global scale. These factors do that an important investment flow is generated towards the gold. The gold takes 7 consecutive years of rises and Dollar spent of US 250 the ounce, such a which was quoting in 2001 to 900/1.000 Dollars at present. In a recent article, Financial Times pointed out that the gold was turning into the new global currency and into the third currency of reservation after the Dollar and of the euro. It is due to the fact that it would be getting rid of his role like raw material to transform in monetary assets.
In another report, Merrill Lynch, aimed that “all the prime matters are immersed in a supercycle that might last 15 years”.
Prognoses: The upward rally of the gold will be still owed to the limitations of the offer and to the increase of the investments. The analysts keep on trusting in the function of the metal like active refuge.
17-04-2008 World Gold Council (WGC)
World Gold Council - The gold will not be affected by the recession in the USA
The United States crosses a recession but this one will not affect the quotations of the gold, which will turn out to be on the other hand benefited, it concluded the last report of the World Council of the Gold, (World Gold Council, WGC). The American economy is in recession because his essentials were affected by the contagion of the financial crisis, generated in turn by the crisis of the real estate credits of risk ("suboccupy first place"), it indicated the report.“ The indicators suggest that the worst thing is still to come”, he underlined. But although some sectors suffer to the deceleration the economic one (the real estate market, the industry), other “defensive values” benefit, there estimated Natalie Dempster, economist of the WGC. Analyzing the behavior of the price of the gold during five recessions lived by the United States from 1971, year in which the convertibility of the dollar was suppressed to the gold, the study shows that the health of the economy has not had mechanical consequences in the price of the yellow metal, contrary to other financial values like the actions.
The gold keeps on being “an alternative laying”, even in recession period, it concluded the report.
09-03-2008 newspaper of Seville
The gold and the dollar
The experts attribute a part of the unstoppable increase of the prime matters to the increasing rejection of the “green ticket” as currency sheltered or of reservation.
25-02-2008 PrecioOro
The gold fed by fears of stagflation
The worries of which the United States has to face to a high inflation in moments in which it faces a possible recession - phenomenon known as stagflation - are contributing to the recent upward gust of the gold and of other precious metals, make sure the analysts.
21-02-2008 PrecioOro
The gold takes the relief of the oil
The yellow metal accumulates a revaluation superior to 16 % in what it goes of year after 31 % has been revalued in the set of 2007 like reflex of the weakness of the dollar and the strong increase of the inflation in the United States.
03-02-2008 PrecioOro
Vietnam - sure Bets in gold
Although the Vietnamese historically have invested in physical gold, buying ingots and even acquiring housings with gold, they now are hoping that the future of the metal should be a cheaper way of negotiating in a beautiful mineral considered a sure bet in uncertain times.
29-01-2008 PrecioOro
Gold goes off for expectation of new clippings of types
The price of the gold established today a new maximum, on having reached on the futures market of London a price for 933,25 dollars for ounce, before the expectations of which the Federal Reservation of the United States adopts tomorrow a new reduction in the interest rates.
21-01-2008 Libertad Digital
The dollar does not re-shine already like the gold
From our daily perspective, in which we usually express the economic value in terms of dollars, the gold appears to fluctuate enormously in his value. This, nevertheless, is a comparable illusion to believe that the sun turns about the Earth.
