Gold and Silver: Market update – Jan. 25, 2011

Lynn On January 26, 2011 / General Market, Gold, Silver

By: Jay Taylor Gold: Closed at 1342.10 -3.50 finding new support and resistance at 1342.50. Momentum is weak and continues lower signaling more selling ahead. New nearby support is 1338.50-1332.50 and then our forecast low at 1325. If and when this selling cycle is completed, we forecast

Forbes: Holders of Gold Get Rich as Households Get Poorer

Lynn On January 26, 2011 / General Market, Gold, Silver

By: Bill Bonner Charles Dawes was a decent man. As far as we know, only one American vice president ever made a contribution to public life worth remembering. That was Charles Dawes, vice president under Calvin Coolidge. Mr. Dawes was a Chicago banker who was also a

Virginia to Study Monetary Alternatives In Case Of Terminal Fed “Breakdown” – Considers Gold as Option

Lynn On January 19, 2011 / General Market, Gold

Source: Zero Hedge In what may one day be heralded as the formal proposal that proverbially started it all, the Commonwealth of Virginia introduced House Resolution No. 557 to establish a joint subcommittee to “to study whether the Commonwealth should adopt a currency to serve as an

There’s No Substitute for Gold as the World Order Changes

Lynn On January 19, 2011 / General Market, Gold

The currency debate is just another element in the rapidly changing global economic power battle, but of all commodities gold is likely to be the most consistent beneficiary. By: Lawrence Williams – Tuesday , 18 Jan 2011 – LONDON ‘White man speak with forked tongue.’ Perhaps

Gold Prices Gain in New York on Climbing Investor Demand for Bars, Coins

Lynn On January 19, 2011 / General Market, Gold

By Tony C. Dreibus – Jan 18, 2011 2:28 PM ET Tue Jan 18 19:28:23 GMT 2011 Gold rose in New York as this month’s price drop stoked demand from individual investors for bars and U.S. Mint coins. Australia’s Perth Mint reported stronger demand as prices fell

Not Owning Gold is a Form of Insanity – Casenove’s Robin Griffiths tells CNBC

Lynn On January 19, 2011 / General Market, Gold, Silver

By: Mark O’Byrne – January, 2011 Gold Gold remains well supported in all major currencies, especially the euro, pound, yen and the New Zealand and Australian dollar. Concerns about inflation, credit bubbles and the growing likelihood that the Eurozone debt crisis will deepen is leading to continuing

It’s a Gold Bubble – Isn’t It?

Lynn On January 12, 2011 / General Market, Gold

By: John Fisher, with content from CNBC Gold sold off sharply this past week breaking below its December low of $1,360 on Friday, January 7th before recovering some of those losses. As one financial commentator quips, “gold takes the stairs up and the elevator down”, and we’re

Gold “Fell Too Much”

Lynn On January 5, 2011 / General Market, Gold, Silver

By: Nicholas Larkin and Sungwoo Park Gold fluctuated in London on speculation that investors will buy more metal as a protection of wealth and that yesterday’s price drop was overdone. The metal, which reached a record $1,431.25 an ounce on Dec. 7, yesterday fell the most since

HSBC Raises Gold and Silver Forecasts

Lynn On January 5, 2011 / General Market, Gold, Silver

January 5, 2011 HSBC Holdings PLC HSBC.L, one of the world’s largest bullion banks, raised its 2011 gold price forecast to $1,450 an ounce in a note dated Tuesday, citing expectations that investors will be attracted to the metal as a haven from risk. The bank, which

Bite the Bullet

Lynn On January 4, 2011 / General Market, Gold, Silver

By: John Fisher and Chris Weber, Editor: The Weber Global Opportunities Report The last time a precious metals correction happened was a little over two years ago. At that time, gold hit a low of $693 and silver $9.63. Since then, gold has risen about 100%, but

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