Gold Outlook
Gold has been on a tear for the last seven months, rising by a thrilling 29% in a year, much of it powered hedge fund money of the hottest sort. So a serious bout of profit taking is overdue. With US equities, particularly financials and tech stocks, the flavor of the day, you can count … Read more
Gold Rises to Record on Increased Demand for Wealth Protection
Economists at Goldman Sachs Group Inc. expect the Fed to announce as early as November a new round of asset purchases to support a weak economy. Treasury purchases may total about $1 trillion in another round of quantitative easing, according to Jan Hatzius, chief U.S. economist for Goldman Sachs.
“Gold has recently been driven notably by the perceived increasing probability of a new round of quantitative easing in the U.S.,” said Anne-Laure Tremblay, a London-based analyst at BNP Paribas SA. “Quantitative easing tends to be supportive of asset prices and is fuelling concerns about the potential longer-term inflationary impact of such measures.”
Gold can take you higher
Gold Rallying to $1,500 as Soros’s Bubble Inflates “Either a swift economic recovery or further dismal economic performance should bring new buyers into the market,” said Eugen Weinberg, an analyst at Commerzbank AG in Frankfurt who was the most accurate forecaster in the first quarter and expects the metal to rise as high as $1,400 … Read more
Gold…to $1,300/toz and beyond
Gold May Rise to $1,300 an Ounce Fueled by Investment Demand, GFMS Says “There are still uncertainties looming in the global economy and that’s continuously driving demand for gold,” Kunal Shah, head of commodities research at Nirmal Bang Commodities Pvt., said at the Goa conference. “The risk premium which are there right now in the … Read more
A cauldron of poisonous forecasts…
What to make of today’s data, reports, and financial news? Seems market sentiment has turned on a dime from bullish to down-right grim. Prospects of “double-dip” have increased, organic growth remains invisible, and the “new normal” has consumers changing their spending habits even in the cases of those who don’t need to. Gold prices, a … Read more
Golden opportunities lie ahead
Buy Gold, Peter Schiff Says: U.S. Dollar a “Bottomless Pit”, Treasuries a “Sucker’s Bet”
“True gold lives for posterity…”
“To whom it may concern, this note of hand Is worth a thousand ducats on demand …” You signed: as if by sleight of hand, behold, That night provided copies thousandfold, And, so that all might have the boon to share, We stamped the total series then and there. Tens, Thirties, Fifties, Hundreds, all to … Read more
