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Archive for July, 2011

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Global Breakdown Begins : Precious Metals Ready for BIG TIME Run

An important shift in global markets is taking place and it bears introspection. Gold has broken to a new high while Silver has established a bottom. Precious metals stocks have rebounded significantly from support. At the same time, important global stock markets are in the early stage of a technical breakdown. We don’t foresee a repeat of 2007-2008, yet odds are good that global stock markets are beginning a cyclical bear market and unlike the last cycle this is coming at a time when precious metals are set to accelerate to the upside.

In the following chart we… Continue reading

July 18th, 2011 | Posted in Gold Investing | No Comments

Gold Leaps above USD1600 , US and Eurozone Appear No Closer to Solving Debt Problems

THE SPOT MARKET gold price surged to $1602 per ounce Monday morning in London – a new intraday record – while stocks and commodities fell as politicians on both sides of the Atlantic appeared no closer to resolving their respective debt problems.

Silver prices also jumped, up to $40.38 per ounce – 2.8% higher from Friday’s close.

The gold price also set new records in Euros and Sterling at Monday morning’s London Fix.

With the Dollar price set at $1598.25 per ounce, Euro and Sterling gold prices were €1136.33 per ounce and £992.82 respectively.

“The market has

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July 18th, 2011 | Posted in Gold Investing | No Comments

Gold Breaks $1,600 for First Time in History

Gold Price went through the $1,600 (£995) an ounce mark for the first time in history,  mostly because of tensions about the eurozone debt crisis and the US debt ceiling.

And it was not just gold: Silver gained 2% to $40.11 an ounce, its highest since early May, as stock markets fell across Europe.

At $1600.40 an ounce, gold has risen by nearly 8% since the beginning  of July. Economists believe it will keep climbing and could possibly hike very sharply, should the eurozone issues become more crucial, or the US fail to rise their

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July 18th, 2011 | Posted in Gold Trading | No Comments

Gold Takes A Breather – Sentiment Remains Bullish

After setting record highs  for two consecutive sessions, spot gold edged down 0.3 per cent to  $US1,581.66 an ounce,  as dashed hopes for additional US stimulus  measures took some heat off, although the euro zone debt crisis and  uncertainties on US deficit talks continued to support sentiment

After a nine-session winning run  pushed the price to an all-time high of $US1,594.16 on Thursday,  spot  gold was on track for a weekly gain of 2.4 per cent.

Gold dropped from its record $1,594.45 after Federal Reserve Chairman Ben S. Bernanke said that he’s not prepared to take immediate action… Continue reading

July 15th, 2011 | Posted in Gold Trading | No Comments

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