tag:blogger.com,1999:blog-5180501577968033428Wed, 09 Apr 2008 06:52:35 +0000http://goldprice.org/gold-news/goldpriceBlogger29125tag:blogger.com,1999:blog-5180501577968033428.post-581550637923280540Thu, 03 Apr 2008 05:10:00 +00002008-04-04T05:57:18.455-07:00 One question that all gold investors want to know whether they be new gold investors or long term holders of gold bullion, is how high will the gold price go? Jim Sinclair, noted gold expert, has really put his money where his mouth is on this topic. For years now Jim Sinclair has been calling for the gold price to reach at least $1650 during this gold bull market and has more recently http://goldprice.org/gold-news/2008/04/jim-sinclair-bets-million-dollars-gold.htmlAuthor Services Pty Ltdtag:blogger.com,1999:blog-5180501577968033428.post-3565285714423094748Thu, 20 Mar 2008 10:10:00 +00002008-03-20T03:13:47.197-07:00Over two days the gold price has dropped 10 percent. This is like the local department store offering a 10 percent discount on the gold price! This is a fantastic opportunity to buy gold. A window of opportunity for a few days before the gold price starts it climb to even higher peaks. The long term trend of gold is still upward and onward and the regular drop before a further climb to http://goldprice.org/gold-news/2008/03/gold-price-buying-opportunity.htmlAuthor Services Pty Ltdtag:blogger.com,1999:blog-5180501577968033428.post-4369108681431992541Fri, 14 Mar 2008 01:28:00 +00002008-03-15T02:50:09.243-07:00A historic moment in the price of gold happened today when the price of gold hit that magical 1000 dollars an ounce. For gold bugs this was champagne time (paid for with gold of course) and a celebration of that which they have known for years. Gold is Money! This does not say much for the dollar but it says an awful lot for the price of gold. This is a highest ever. Various factors have http://goldprice.org/gold-news/2008/03/price-of-gold-hits-1000-dollars-ounce.htmlAuthor Services Pty Ltdtag:blogger.com,1999:blog-5180501577968033428.post-1853278895959871893Tue, 11 Mar 2008 03:50:00 +00002008-03-10T20:53:57.287-07:00The gold price is poised for a long jump. Steady in the 970 range with a few peaks above 990 recently, gold is looking good to make the big jump passed the magic 1000 dollars an ounce anytime soon. With the US economy continuing to falter despite frantic attempts to prop it up, and with banks now teetering on the edge with more debt than one can throw a stick at, more and more investors will be http://goldprice.org/gold-news/2008/03/gold-price-poised-for-long-jump.htmlAuthor Services Pty Ltdtag:blogger.com,1999:blog-5180501577968033428.post-8425593068948159261Mon, 03 Mar 2008 05:08:00 +00002008-03-02T21:29:20.020-08:00Today the gold price is less than 2 percent below the 1000 dollars per ounce. Who would have thought, 5 years ago that the gold price would climb so high. This is no 1980 flash in the pan. This is the real McCoy. As we prepare to break out the champagne, eyes are now looking speculatively at the $2000 per ounce mark. Some even speculating higher. Crazy? Not really. How crazy would it http://goldprice.org/gold-news/2008/03/gold-price-verging-on-1000-usd-per.htmlAuthor Services Pty Ltdtag:blogger.com,1999:blog-5180501577968033428.post-5797583749031210117Fri, 29 Feb 2008 12:14:00 +00002008-02-29T07:13:15.196-08:00 Deutsche Bank announced that it will issue three Gold Exchange Traded Notes (Gold ETNs), that will be traded on the NYSE Arca. The New Gold ETNs are: DB Gold Double Long ETN (NYSE Arca: DGP) DB Gold Double Short ETN (NYSE Arca: DZZ) DB Gold Short ETN (NYSE Arca: DGZ) The ETNs provide +200%, -200% and -100% monthly returns respectively on gold future prices. The Gold ETNs also provide an http://goldprice.org/gold-news/2008/02/how-to-lose-double-your-money-on-rising.htmlgoldpricetag:blogger.com,1999:blog-5180501577968033428.post-2204256991463701212Tue, 26 Feb 2008 05:17:00 +00002008-02-27T16:07:01.421-08:00The Bush administration is backing a plan for the IMF to sell off some of its gold. The Bush administration recently announced it supports sales of as much as 12.9 million ounces, recommended by Andrew Crockett, former head of the Bank of International Settlements of IMF gold stocks The IMF, which in view of the current surplus of funds most nations have, is becoming largely redundant and is http://goldprice.org/gold-news/2008/02/imf-gold-sale-is-spit-in-wind.htmlAuthor Services Pty Ltdtag:blogger.com,1999:blog-5180501577968033428.post-3116873326894678376Mon, 18 Feb 2008 22:12:00 +00002008-02-19T15:44:13.218-08:00In 2007 China surpassed the USA to become the second biggest retail gold market in the world after India. Total consumer demand in China's mainland, Hong Kong and Taiwan reached 363.3 tons, an increase of 23.5 percent from 2006, the World Gold Council indicated in a research report. To put that figure into perspective 363.3 tons, is equal to 10,596,250 troy ounces of gold, at today's gold price http://goldprice.org/gold-news/2008/02/china-gold-demand-now-second-largest-in.htmlgoldpricetag:blogger.com,1999:blog-5180501577968033428.post-6964617937109128922Fri, 01 Feb 2008 21:43:00 +00002008-02-01T13:48:45.592-08:00GATA, the Gold Anti-Trust Action Committee sponsored a full page ad in the Wall Street Journal on Thursday proclaiming the hidden manipulation of the gold price by the world's central banks. GATA, is a charitable organization, founded in 1999 "to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities," according to itshttp://goldprice.org/gold-news/2008/02/how-much-is-our-gold-really-worth.htmlAuthor Services Pty Ltdtag:blogger.com,1999:blog-5180501577968033428.post-8215918718747543118Tue, 22 Jan 2008 08:55:00 +00002008-01-22T00:56:40.996-08:00Gold ended up at 858.75 at the last count for the day. Talk about slipping on a wet floor. The bear markets have yanked golds chain and gold dropped to the below the level it was on January the 7th., but the good news is it started to perk up almost immediately. As the word markets 'tumble for ya', gold will be seen as the investors haven and there is an opportunity for a sharp eyed gold http://goldprice.org/gold-news/2008/01/gold-steady-as-she-goes-oops.htmlAuthor Services Pty Ltdtag:blogger.com,1999:blog-5180501577968033428.post-2430227902590403098Sun, 20 Jan 2008 06:47:00 +00002008-01-20T22:31:16.420-08:00An alternative investment is increasing in China, the appeal of gold as its price hits new highs and analysts forecast the gold price to keep rising in the mid to long term. The recent strong upward trend has attracted many individual Chinese investors such as Yao Yun, for example.. The chief financial officer of a Shanghai-based foreign company bought 50,000 yuan ($6,849) in gold bars and the http://goldprice.org/gold-news/2008/01/chinese-love-affair-with-gold.htmlAuthor Services Pty Ltdtag:blogger.com,1999:blog-5180501577968033428.post-8512278756397434109Sat, 19 Jan 2008 00:47:00 +00002008-01-18T16:52:57.572-08:00Gold bounced up this week with opportunists looking for a good bargain after a fall of just over 4% from the high of 915 an ounce last week. "Gold is consolidating after touching recent highs," said Christoph Eibl, head of trading at Tiberius Asset Management, noting that there had been some investor selling of gold held in exchange-traded funds (ETFs). "ETF investors ... are holders rather http://goldprice.org/gold-news/2008/01/gold-steady-as-she-goes.htmlAuthor Services Pty Ltdtag:blogger.com,1999:blog-5180501577968033428.post-6810576377501288408Fri, 18 Jan 2008 08:30:00 +00002008-01-20T22:29:32.066-08:00StreetTracks Gold Shares, one of the biggest Gold EFTs around, saw redemptions of 21.51 tone of gold worth over 600 million dollars last Wednesday. Current holdings of StreetTracks totals 631 tones or twice that of the Bank of London. This would account for the drop in gold as greedy investors decided to cash in and walk home with the dosh. In fact gold futures dropped 3 percent at one pointhttp://goldprice.org/gold-news/2008/01/gold-eft-investors-take-profit.htmlAuthor Services Pty Ltdtag:blogger.com,1999:blog-5180501577968033428.post-299011628615588883Thu, 17 Jan 2008 06:54:00 +00002008-01-16T23:05:48.934-08:00The soaring gold price on the international market has sparked a gold fever in Australia. As they watched the price of gold climbing up ordinary Australian Mums and Dads have started to snap up gold bars and coins, ingot, even medallions and shares on gold bullion companies. Australians remember well the "recession we had to have" as announced by the then Australian Treasurer Paul Keating in http://goldprice.org/gold-news/2008/01/aussie-gold-rush-strikes-again.htmlAuthor Services Pty Ltdtag:blogger.com,1999:blog-5180501577968033428.post-7899989330332390751Wed, 16 Jan 2008 22:27:00 +00002008-01-16T14:40:09.960-08:00Since hitting the all time high of 914 dollars an ounce gold has been dropping and is now in the 870 to 890 range. A big fat drop it would seem. But the economy has not changed. Yes, the dollar has strengthened slightly (whatever does that mean? You can't tear it in half anymore?) and oil is lower. But that would not account for such an "interesting" drop. The demand for gold has not changed. http://goldprice.org/gold-news/2008/01/gold-going-down-or-gold-correction.htmlAuthor Services Pty Ltdtag:blogger.com,1999:blog-5180501577968033428.post-819973941659453685Wed, 16 Jan 2008 09:13:00 +00002008-01-16T01:26:41.975-08:00Why gold indeed. It is often said that money talks. Well, if money talks then gold screams. Gold has been steadily climbing since the turn of the millennium and if that is not a scream I don't know what is. It has been said that "the price is being driven by growing investment interest, safe-haven demand and strong market fundamentals." Actually it is more driven by the decreasing value of http://goldprice.org/gold-news/2008/01/why-gold.htmlAuthor Services Pty Ltdtag:blogger.com,1999:blog-5180501577968033428.post-2592015935016522644Wed, 09 Jan 2008 20:21:00 +00002008-01-09T12:23:58.270-08:00Chinese gold futures made a strong debut on the Shanghai Futures Exchange (SFE) on Wednesday amid a world wide bull market for gold. In a time of potential impending recession in the US, rising oil prices and property not seen as quite the favorite anymore, gold is being seen as a safe haven for investors world wide not the least by the astute Chinese business market. The June delivery contracthttp://goldprice.org/gold-news/2008/01/chinese-gold-futures.htmlAuthor Services Pty Ltdtag:blogger.com,1999:blog-5180501577968033428.post-7354389647265753986Tue, 08 Jan 2008 23:13:00 +00002008-01-08T15:21:25.664-08:00Buy a gold coin for 20 dollars and sell it for half a million dollars. That's what Douglas Winter, a Portland USA coin broker did. He bought a 1856-O Double Eagle, the rarest gold coin struck at the New Orleans mint in November last year and sold it in Dec the 17th for a hearty 542,000 US dollars. The New Orleans Mint struck only 2,250 of these coins and only 20 to 30 are known about today, http://goldprice.org/gold-news/2008/01/gold-coin-goes-from-20-dollars-to-half.htmlAuthor Services Pty Ltdtag:blogger.com,1999:blog-5180501577968033428.post-8580169713739516456Fri, 04 Jan 2008 02:16:00 +00002008-01-03T18:21:27.654-08:00Gold futures were up again for the second day running pushed by a weakened dollar and ever increasing oil prices. Oil is over that magical 100 dollars a barrel and gold is now well over the 850 dollars an ounce. Gold is evidently being seen far and wide as a safe haven investment. In the futures, gold for February delivery rose $8.60 to $868.60 an ounce on the New York Mercantile exchange. http://goldprice.org/gold-news/2008/01/gold-futures-up-again-for-second-day.htmlAuthor Services Pty Ltdtag:blogger.com,1999:blog-5180501577968033428.post-4155786221285673210Tue, 01 Jan 2008 02:44:00 +00002007-12-31T18:50:07.717-08:00Mumbai – 1st of January 2008. Indian gold is moving up and ended on a buoyant note for the year with gold futures traded close to an all time high of 850 USD per ounce amid a weakening US dollar and keen interest to conserve assets according to analysts. Gold has always been traditionally seen as a valuable asset in India and this is looked at by some analysts as good benchmark for future http://goldprice.org/gold-news/2007/12/indian-gold-moving-up.htmlAuthor Services Pty Ltdtag:blogger.com,1999:blog-5180501577968033428.post-65145046877709647Mon, 31 Dec 2007 00:50:00 +00002007-12-30T16:56:41.276-08:00China Gold Futures Trading is expected to be launched in the new year by one of China's major futures trading agencies, The Shanghai Futures Exchange (SFE) This has been approved by The China Securities Regulatory Commission in a statement posted on its website Friday 28th Dec, 2007. However, no date for the commencement was given. The addition of gold futures trading on the Chinese market http://goldprice.org/gold-news/2007/12/chinese-gold-futures-trading.htmlAuthor Services Pty Ltdtag:blogger.com,1999:blog-5180501577968033428.post-7433794058068091473Thu, 27 Dec 2007 23:34:00 +00002007-12-27T15:45:37.237-08:00THE price of gold is set to remain high in 2008, putting it on track to break $US1,000 an ounce for the first time, as the yellow metal continues to offer investors a safe haven from volatile financial markets and supply remains tight. Mark Cutifani, The CEO of one of the worlds largest gold producers, AngloGold Ashanti, has expressed confidence about the strength of the world gold price. "You http://goldprice.org/gold-news/2007/12/gold-price-predicted-to-hit-us1000.htmlAuthor Services Pty Ltdtag:blogger.com,1999:blog-5180501577968033428.post-3234470480726069065Sat, 22 Dec 2007 01:42:00 +00002007-12-21T21:55:49.719-08:00 The international giant nation of China is turning its attention to gold these days. As the world scrabbles to keep currency buoyant and the US dollar weakens, China is buying gold and platinum as an investment and what looks like a hedge against the declining US dollar said Ralph Preston, senior market analyst with Heritage West Financial. According to Larry Young, senior trader with Infinityhttp://goldprice.org/gold-news/2007/12/china-buying-gold.htmlAuthor Services Pty Ltdtag:blogger.com,1999:blog-5180501577968033428.post-4084438995209106874Thu, 20 Dec 2007 22:16:00 +00002007-12-20T14:21:42.776-08:0020th December 2007Is this the secret stash of Asterix and Obelix? A record breaking Treasure Trove of Gaulish gold coins has been found in a farmers field in France. The hoard of coins, found in central Brittany was discovered by the French government agency, the Institut National de Recherches Archéologiques Préventives (INRAP). They have the right to explore any potentially significant site http://goldprice.org/gold-news/2007/12/record-gold-treasure-trove-found.htmlAuthor Services Pty Ltdtag:blogger.com,1999:blog-5180501577968033428.post-1352023484686003001Sat, 15 Dec 2007 00:37:00 +00002007-12-14T16:43:15.699-08:00Japan is ready to introduce the first true gold-backed ETF (exchange traded fund) according to State Street Global Advisors (Japan) Co, who are aiming to offer a gold EFT on the Tokyo exchange early in the new year. David Collins, vice president in charge of marketing with State Street Global Advisors (Japan), stated that recent revisions to Japans Trust Business Law and Financial Instruments http://goldprice.org/gold-news/2007/12/japan-gold-etf-to-support-global-gold.htmlAuthor Services Pty Ltd