Saturday, November 22nd, 2008

Posts Tagged ‘ Gold Etfs ’

And Then There’s This…Thursday, July 24th, 2008

Jul 25th, 2008 | By Ed Steer | Category: Gold Market

Both silver and gold didn’t do much in early Far East trading, but starting shortly after midnight Wednesday (New York time), a gentle selloff began which ended about an hour before trading started on the Comex in New York.



And Then There’s This…Saturday, July 12th, 2008

Jul 12th, 2008 | By Ed Steer | Category: Gold Market

On Friday in the Far East, the gold price wandered aimlessly until shortly after the London market opened. A rally ensued that really gathered steam shortly before New York opened for business. The peak came at the London p.m. fix…the same as Thursday. From there, it sold off a little, but gained most of it back in Globex trading in the after-market hours.



Oil Down, Junior Miners Up? Let’s Hope So

Jul 9th, 2008 | By Dominic Frisby | Category: Gold Market

For a few days last week it looked like the ‘junior miners’ had finally decoupled from the mainstream stockmarket trend. They actually rose as the Dow and S&P plunged. Sadly it didn’t last – before long they turned down once again. It seems we were being teased.



The Best Way to Use Gold to Protect Your Portfolio and Profit

Jul 9th, 2008 | By Keith Fitz-Gerald | Category: Gold Market

One of the things people don’t understand about buying gold for diversification is that it doesn’t work all the time. It works over time. That means that you can’t simply switch from one asset class to another when the going gets tough and expect miracles.



Gold Soars as Fed Holds Rates

Jun 26th, 2008 | By Jason Simpkins | Category: Featured, Financial News

Gold surged nearly 4% yesterday (Wednesday), as the U.S. Federal Reserve appears hesitant to raise lending rates despite signs of severely escalating inflation.

The price of gold jumped $30.30 to trade at $915 an ounce as of 11:45 a.m. EDT, its highest level since May.

The Fed said that inflation is a major concern, but they’re not going to do anything about it, which made gold go ballistic,” Leonard Kaplan, the president of Prospector Asset Management, told Bloomberg News. “The dollar is going to get slammed again.”