Having a diverse portfolio is recommended for any level of investor. From the more novices to expert investors, gold is a great way to hedge against inflation and diversify. The demand for gold is spread throughout the world and is driven by a wide variety of social and economic factors. For example, the top five [...]
Mar
5
2010
5
2010
Mar
3
2010
3
2010
Gold remains steady as dollar climbs against euro
Even as the US dollar continues to climb and gain against the euro, gold remains steady. Even as the global economy remains difficult, gold remains a solid way of investing. Gold remains a functional investment option and is an appealing way to protect assets in an unsteady global market. If you are looking for a [...]
Feb
11
2010
11
2010
Gold Investment Rising This Year … Time To Buy Gold
Although 2009 was a slow year for investors looking for gold, an upward trend is expected this year. Experts recently warned that taking the marginal drop in physical holdings of the precious metal as signs of the end of an investment ‘love affair’ with gold, would be a wrong conclusion. Given the huge amount of [...]
Feb
9
2010
9
2010
Gold Rebounds as Dollar Dips
Gold futures increased over one percent recently as soothed nerves over European debt woes pressured the dollar, improving gold’s appeal as a hedge.
Gold delivery reached $13.40, or 1.3 percent to finish at $1,066.20 an ounce at the New York Mercantile Exchange. It earlier increased to a high of $1,074.30 an ounce. It is still the [...]
Feb
5
2010
5
2010
Gold Gains as Halt in Dollar Rally Ups Demand
Gold gained the most in a week as a halt in the dollar’s rally should increase demand for the metal as an alternative investment.
The U.S. Dollar Index fell to 0.4 percent after last week climbing to the highest level in almost seven months. Gold futures, which often move inversely to the dollar, slid 5.8 percent [...]
Feb
3
2010
3
2010
Gold Consolidates with Dollar
Gold is consolidating above its psychological $1050/oz area as activity in the FX markets cools down. Trichet attempted to calm investors this weekend at the G7 summit by implying that the ECB and EU have the situation under control.
Several statements from governmental representatives have appeared in the wires over the past couple days and it looks [...]
Jan
26
2010
26
2010
Golden Decade
In the next decade, no one can prevent the rise of gold. At least that’s what Owen Hegarty, an Australian expert in mineral resources, says.
He told a Chinese news agency that gold prices will remain on an upswing in a decade in spite of recent fluctuations. For the near future, or at least in this [...]
Jan
20
2010
20
2010
Are you prepared for these possible gold scenarios?
If gold can hold around the 20-week average through this cyclic low, it will be getting a higher low than December and be similar to pullbacks found in gold’s strongest bull markets. New highs are expected soon after penetrating the resistance line from December 3rd.
But if prices continue to fall then the pattern will have [...]
Jan
12
2010
12
2010
Time to buy gold?
Could inflation increase gold’s price? At the recent major inflationary period (1977-1980) gold prices increased from $150 an ounce to $850 an ounce – almost sixfold. At present, gold prices are up fourfold without inflation. Unless you believe the government will stop spending and printing, gold prices are bound to rise.
This year, discussions will move [...]
Dec
1
2009
1
2009
Bloomberg talks about the non-stop rise in gold.
“There is investment demand for gold from everywhere,” said Frank Lesh, a trader at FuturePath Trading LLC in Chicago. “The dollar has pushed gold to new highs. Gold is in an uptrend, and there is no sign that the trend will stop.”
http://www.bloomberg.com/apps/news?pid=20601101&sid=a8Hv225HZg_0