Bank of America Merrill Lynch Predict 50% Increase in Gold Price in 2011

Lynn On October 5, 2009 / Gold

(Reuters) – By Pratima Desai Gold prices will hit $1,500 an ounce in 2011 when oil prices move back above $100 a barrel as emerging market growth creates shortages, Bank of America Merrill Lynch said on Monday. “For the world economy to resume growth of 5 percent,

5 Reasons Why Gold Will Continue to Rise through 2009 and 2010

Lynn On October 5, 2009 / Gold

1. Economy How bad can things get? Secretary of the Treasury Paulson talks of the current crisis being potentially worse than the Great Depression. Alan Greenspan told Congress that the financial meltdown had left him in a “state of shocked disbelief.” Reputable economists are saying “this looks

Caution – Avoid European Coins

Lynn On October 4, 2009 / Gold

Over the last few years, telemarketers have been importing European bullion gold coins dated before 1933 and claiming they, like old U.S. gold coins, would be legally beyond the reach of the government in another recall. The imported coins most commonly promoted as non-confiscateable include: French Twenty

Gold – State of the Union

Lynn On September 16, 2009 / Gold

John Fisher, Fort Lauderdale, FL Gold closes $1019 Silver $17.42 Fundamentals Swiss banks are running out of secure storage space for gold bullion held by investors and institutions due to fears of inflation – and hyperinflation. In April of this year, China announced that it has secretly

$5,000 an Ounce Gold?

Lynn On September 15, 2009 / Gold

RENO, NV: By Dorothy Kosich – Tuesday, September 15, 2009 When über mining investor Rob McEwen makes predictions on gold prices or appears to have developed an interest in silver mines, retail investors heed his clarion call and place their bets that the gold price is about

China Pushes Silver and Gold Investments to the Masses

Lynn On September 3, 2009 / General Market

LONDON – Author: Lawrence Williams, Posted: Thursday , 03 Sep 2009 A report suggests that the Chinese government is pushing the general public into buying gold and silver bullion, which could have a dramatic effect on the markets. We are indebted again to Paul Mylchreest’s Thunder Road Report

$1,000 Gold in the Rearview Mirror

Lynn On September 1, 2009 / Gold

September 1, 2009, Franklin Sanders Today gold made its highest Comex close in history at US $1,004.90, up $9.50 for the day. It has taken gold a week to get through the resistance, but we believe it has now succeeded. Gold opened at $999.65, quickly made a

Gold Poised for Big Breakout

Lynn On August 4, 2009 / Gold

Indicators suggest gold poised for big breakout by end Q3 The slow trading months of summer are usually a time when gold prices decline, but economic analysts at Blanchard and Company, America’s largest precious metals investment firm, say that indicators this year have them believing the metal

The Fiat Currency Disease

Lynn On June 25, 2009 / General Market

By James Turk Yesterday the Federal Reserve completed the latest meeting of its Federal Open Market Committee. It re-affirmed its plan to purchase by the end of the year some $1.8 trillion – yes, $1.8 trillion – of US government paper, comprising of agency debt, agency mortgage-backed

Gold Gains on Weak Dollar; Silver Declines, Platinum Advances

Lynn On June 19, 2009 / General Market

By Halia Pavliva and Nicholas Larkin June 19 (Bloomberg) — Gold rose in New York as the dollar weakened, boosting demand for precious metals as alternative investments. The U.S. Dollar Index, a six-currency gauge of the greenback’s value, fell as much as 0.8 percent. Gold, which typically

Yearly archive for 2009