Gold prices will see some explosive moves in 2012, UBS reports even though the current nature of gold proves to be a difficult hurdle for short-term trade. “Our recent meetings suggest clients would prefer for gold to move more convincingly back into the safe-haven camp as its current hybrid state makes it a difficult short-term trade”, [...]
Dec 12 2011 | Posted in
Gold |
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Gold prices touched an all-time high this year and it could see even higher levels next year, according to Terry Hanlon, president of Dillon Gage Metals. Futures prices for the precious metal have been particularly volatile this year. They reached record levels near $1,900 an ounce in late August before a long slide highlighted by a drop of [...]
Dec 12 2011 | Posted in
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Many investors are wondering: is Gold safe from Europe’s debt crisis? Well, according to popular e-newsletter Profit Confidential, the sovereign debt crisis and lack of political will to resolve underlying problems will result in price correction not just in the stock market, but in precious metals and other assets as well. According to Mitchell Clark, long-time analyst [...]
Dec 12 2011 | Posted in
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Despite a pullback from its all-time high of about $1,920 an ounce set in September, gold is still trading in the $1,750 range. In fact, the glittering metal has gained 22% in the past 12 months. What’s more is that I believe gold prices will eclipse $2,200 an ounce next year, and shoot beyond even $5,000 [...]
Dec 12 2011 | Posted in
Gold |
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For centuries, Gold has been looked as a commodity and a currency. When considering purchasing gold, it is important to make certain that you know what kind of purchase and investment you are making. Gold just like any commodity is subject to daily price fluctuations. One of the first questions asked when considering purchasing gold [...]
Dec 11 2011 | Posted in
Gold |
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In November, over $3.6 billion dollars have been poured into Gold and gold exchanged funds. That is quadruple the amount that was invested in October and investor still feel that gold is the safe haven right now. The economy is very weak, and you normally see precious metals strengthen as the economy dwindles. Right now [...]
Dec 11 2011 | Posted in
Gold |
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Gold traders are more bullish as investors buy metal at the fastest pace in a year to protect their wealth from Europe’s escalating debt crisis. Eighteen of 26 surveyed by Bloomberg expect the metal to advance next week, the highest proportion since Nov. 11. Holdings in exchange-traded products backed by gold rose 108.6 metric tons to a record [...]
Dec 9 2011 | Posted in
Gold |
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Gold prices will see some explosive moves in 2012, UBS reports even though the current nature of gold proves to be a difficult hurdle for short-term trade. “Our recent meetings suggest clients would prefer for gold to move more convincingly back into the safe-haven camp as its current hybrid state makes it a difficult short-term trade”, [...]
Dec 8 2011 | Posted in
Gold |
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Gold can build on its 2011 gains next year with prices possibly touching US$2,300 an ounce, according to US-based Dillon Gage Metals. In a statement Dec 6, Dillon Gage, an online gold trading platform, said that the price of gold had reached an all time high in September on the back of a turbulent year [...]
Dec 7 2011 | Posted in
Gold |
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The outlook for Gold is bullish for 2012. The European debt crisis, which dominated 2011, will continue to hang over markets in 2012. I’m extremely bearish on Europe. The political and financial systems are inadequate to deal with the serious fiscal and sovereign-debt problems the old continent faces. Europe and Gold The risk of contagion [...]
Dec 7 2011 | Posted in
Gold |
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