Investors Multiply Their Gold Holdings

Nov 272012

Investors Multiply Their Gold Holdings

English: Intra-day pivot point trading chart of the SPDR Gold Trust (GLD) for 5 days in October 2009 ending on 10/20. (Photo credit: Wikipedia)

In this article, it is laid out how and why Investors Multiply Their Gold Holdings. It is clear to them that gold is a good investment. And they have been doing this for years. What’s more interesting is how official gold reserves are also being doubled, tripled, and so on. Even the government know this secret. Gold is the ultimate investment that can sustain a stable future for anyone. It is indeed the universal currency that will last generation after generation.
Read the selection below from Money News.

Gold’s 12-year rally, the longest in at least nine decades, is poised
to continue in 2013 as central bank stimulus spurs investors from John
Paulson to George Soros to accumulate the highest combined bullion
holdings ever.

The metal will rise every quarter next year and average $1,925 an
ounce in the final three months, or 12 percent more than now,
according to the median of 16 analyst estimates compiled by Bloomberg.
Paulson & Co. has a $3.62 billion bet through the SPDR Gold Trust, the
biggest gold-backed exchange-traded product, and Soros Fund Management
LLC increased its holdings by 49 percent in the third quarter, U.S.
Securities and Exchange Commission filings show.

Central banks from Europe to China are pledging more steps to boost
growth, raising concern about inflation and currency devaluation.
Investors bought 247 metric tons through ETPs this year, exceeding
annual U.S. mine output. While both sides said talks last Friday
between President Barack Obama and Congress over the so-called fiscal
cliff were “constructive,” the Congressional Budget Office has warned
the U.S. risks a recession if spending cuts and tax rises aren’t
resolved.

“We see gold as a hedge against the follies of politicians,” said
Michael Mullaney, who helps manage $9.5 billion of assets as chief
investment officer at Fiduciary Trust in Boston. “It’s a good time to
garner some protection in portfolios by having some real asset like
gold.”

Longest Streak

Gold advanced 10 percent to $1,723.79 in London this year, headed for
a 12th consecutive annual gain, the longest streak in data compiled by
Bloomberg going back to 1920. Prices reached a record $1,921.15 in
September 2011. The Standard & Poor’s GSCI gauge of 24 commodities
gained 1 percent and the MSCI All-Country World Index of equities
climbed 7.9 percent. Treasuries returned 2.8 percent, a Bank of
America Corp. index shows.

Bullion held through ETPs, the first of which listed in 2003, reached
a record 2,603.7 tons on Nov. 16, valued at $144.3 billion. That
exceeds the official reserves of every nation except the U.S. and
Germany, World Gold Council data show. The SPDR Gold Trust alone holds
1,342.6 tons.

Soros increased his investment in the trust to 1.32 million shares in
the third quarter, the most since 2010, a Nov. 14 SEC filing showed.
The stake, with each share representing about a 10th of an ounce, is
valued at $219 million. Prices advanced 59 percent since January 2010,
when Soros called gold the “ultimate asset bubble.” Michael Vachon, a
spokesman for the 82-year-old who made $1 billion breaking the Bank of
England’s defense of the pound in 1992, declined to comment.

There are a lot of supporting documents, news, articles, etc that validate gold’s longstanding & exemplary value not just in finance but also in society in general. The idea of buying gold coins, gold bullion, silver coins, silver bullion or any other form of precious metal as a cautionary investment against economic crises is not a far fetched idea. It is in fact a wise and plausible thing that any responsible person would & should do. that is why Investors Multiply Their Gold Holdings every time.

Continue reading the article here.

Gold hits the spot, nearing $2000 price

Euro Crisis, Gold Price No Responses »

Oct 112012

Gold hits the spot, nearing $2000 price

If you are in gold investment right now, then you are in a sweet spot with gold foreseen to go as high as $2000/ oz. And if you’re not, then I suggest you start rethinking your portfolio and get some gold assets because it is good to be gold right now. Gold Hits The Spot, Nearing $2000 Price should be taken advantage of as top investors are leaning toward gold. This means gold is in safe standing and it is in demand, hence prices can only go up. Indeed, gold is still seen to consolidate even further with the present economic situation.

Look at some key points from Seeking Alpha’s article.

As a result of the recent barrage of aggressive central banking action, October gold futures are not only making new 2012 highs, but are also approaching a key technical level:

While not a technical top, the $1,790-$1,800 region has acted as an area of strong resistance since November. After bottoming around $1,530, gold moved in a sideways pattern in which a series of higher lows were made before the commodity broke out above $1,600 on QE3 speculation. Over the past three weeks, gold has been in another consolidation pattern between $1,760 and $1,780.

Fundamentally, gold has a lot of catalysts to send it well above the year-to-date highs.
QE∞
While not a unique position, some investment theses are simpler than others. By now, the mechanics of QE3 are well understood. $40 billion in monthly liquidity will be pumped into the U.S. financial system until the employment picture improves markedly; this language has major significance for the price of gold.
Unlike Operation Twist, QE3 will be a “flow” program. Flow programs add incremental liquidity to the system, whereas OT merely altered the stock of the Fed’s balance sheet by shifting the duration of the securities. Expansion of the Fed’s balance sheet has a directly positive effect on M2, and, in theory, should lower interest rates even further and light a fire under assets that are beneficiaries of inflation.
Though gold already made a swift move from $1,600 to the recent year-to-date highs of $1,780, the key here is the open-endedness of the operation. Annually, at least $480 billion in liquidity will used to purchase MBS; this compares to a total of $600 billion in QE2. Gold prices will continue to trend upward over time in order to reflect the expansion of the balance sheet.

Given the flow of our prevailing monetary events, thinking gold is the right way to go. It is safe, its price keeps getting better, and demand keeps getting higher. Gold Hits The Spot, Nearing $2000 Price is very lucrative right now. Serious investors will surely jump on this opening. Gold as a medium of investment is not only sensible, but it could be the only way to go. Passing this up will truly be a loss to any aspiring investors.

For the full commentary, go to Seeking Alpha.

Gold Holds Strong Amidst Developments in Eurozone

Federal Reserve, Gold Price No Responses »

Oct 082012

Gold Holds Strong Amidst Developments in Eurozone

Gold is holding strong in the course of protests and confusion in the Eurozone. Gold Holds Strong Amidst Developments in Eurozone is seen to keep going uphill as Central Banks continue with the pro-stimulus bullion trends.

Furthermore, a growing number of countries are upping their gold reserves by the tonnes showing renewed support for this precious metal. In the wake of this positive move, we can see private sectors doing the same. And it has been said before that this upward movement of the gold trend is far from over.

Here is the report from Reuters.

Scenes of large-scale protests against anti-austerity measures in Spain rekindled fears about the region’s three-year-old debt crisis. European Central Bank President Mario Draghi offered a vigorous defense of the ECB’s bond-buying plans and said it was now up to governments to follow with decisive policy steps of their own.

Gold is still 4 percent higher for September following a sharp rally on hopes the central banks will keep the credit flowing by offering bullion-friendly stimulus.

“Gold is likely to continue to consolidate. Maybe a shoe drops over in Europe and that knocks gold prices which are overbought at these levels,” said Phillip Streible, senior commodities broker at futures brokerage R.J. O’Brien.

Traders said that some disappointed futures investors sold as current prices were over $30 or 2 percent below the popular $1,800 call strike at the U.S. COMEX October gold option expiration at end of business Tuesday. (COMEX options interest: link.reuters.com/xaj82t)

The gold market was still underpinned by news earlier in the day that South Korea and Paraguay both significantly added gold to their reserves in July, highlighting strong interest in gold among the official sector.

Spot gold inched down 0.2 percent to $1,760.25 an ounce by 3:06 p.m. EDT (1906 GMT). The metal hit a near-seven month high at $1,787.20 an ounce last week, but has since met technical resistance to break above this year’s high at $1,790.30.

U.S. COMEX gold futures for December delivery settled up $1.80 at $1,766.40 an ounce, with trading volume about 20 percent below its 250-day average, preliminary Reuters data showed.

COMEX futures’ open interest, which measures outstanding long and short contracts, rose to a one-year high of 490,744 lots as of Friday. Open interest in U.S. gold futures has gained more than 25 percent in the past 30 days.

CENTRAL BANKS BUY GOLD AGAIN

Data from the International Monetary Fund on Tuesday showed South Korea raised its holdings of gold by nearly 16 tonnes in July. The country has doubled its bullion reserves in just one year after being one of the largest purchasers of gold in 2011.

Paraguay also raised its reserves in July from a few thousand ounces to more than 8 tonnes. So far this year, central banks have added a net 262.1 tonnes to their reserves, compared with 203.4 tonnes in the first eight months of 2011.

Private investors have also added to their holdings of gold through exchange-traded funds backed by physical metal, which now hold a record 74.1 million ounces.

In other precious metals, silver edged down 0.7 percent to $33.71. Platinum gained 0.7 percent to $1,626.25 an ounce, while palladium was down 0.9 percent on the day at $634.97 an ounce.

Platinum group metals rebounded, after palladium’s biggest one-day drop in six months on Monday, as platinum output appeared to return to normal in top producer South Africa. 3:06 PM EDT LAST/ NET PCT LOW HIGH CURRENT

While the Eurozone faces these hurdles, investors are not thwarted, be they government or private sectors. Gold Holds Strong Amidst Developments in Eurozone will cushion the crash when the inevitable comes, as what gold always has done in the past. The question is what will we do when the crash comes? The answer, do not wait until the last minute. Buy gold now.

Go to the Reuters article here.

Gold Price Manipulation

Gold Price No Responses »

Sep 292012

Gold Price Manipulation

The Market Oracle recently posted an article from the Gold Silver Worlds website which is truly a food for
thought especially for those who are investing enthusiasts. Laid out in great detail is the intriguing design of the economic world. This kind of information will come as a valuable weapon when battling the different shady entities and operations surrounding the Gold Price Manipulation. This knowledge shall be for protecting your good, hard earned money from instances like these. It is true that any business has its down turn, that is why knowledge is key to a successful pursuit.

Read the selection from the said article.

There is much discussion these days as to whether the price of gold is being manipulated. The answer is simply “yes.”

It is likely that most potential gold investors would agree that the major financial institutions have the ability to influence the gold price. They would also agree that to do so would be of benefit to those institutions.

Much of the manipulations that financial institutions perform are complex and confusing to those who are not involved in the industry, and this is intentional. The muddier the waters, the less transparent the activities are.

Of course, this charade cannot go on forever. Eventually, the buyers realise what is being done and will then demand delivery of their gold. This will bring about two major events: a crash in the paper gold market and a dramatic increase in the price of physical gold.

The Crash of Paper Gold
The demand for allocated gold increases. Traditionally, a large portion of gold investment has been in ETFs and similar methods. As more investors get word of rumours that banks are actually holding only a small fraction of the gold that has been sold, they will decide only to buy if the gold is “allocated”; that is, that specific numbered bars or specific boxes of coins are being held for the buyer. (This trend already exists and is becoming more prevalent.) At this point, there is no panic, as the allocated gold simply replaces the ETFs. The amount of money invested in gold with the banks overall remains about the same.

Fear increases that allocated gold is no safer than ETFs. Rumours surface that the “allocated” gold does not exist. Either it never existed, or it has been sold without advising the owner. (This stage has also begun.)

Investors begin to lose faith in the banks. Holders of allocated gold show up at the bank, demanding to view their gold. They will be shown a portion of the gold that the bank actually holds. Some owners will recognise that what they have been shown is not the gold that had been allocated (incorrect serial numbers). The owners may then demand to withdraw their gold from the bank. (This has begun in a small way in London, Zurich and other European centres, but is, at present, a rarity.) As rumours spread of the above, an increasing number of owners will show up at their banks to view their gold and will demand to withdraw it.

When it occurs, the paper gold crash will send a shock wave around the world. It is well-known that the world’s banks are building up their own inventories of gold, and these are kept separate from what they owe the buyers of allocated gold. It remains to be seen whether the banks will be ordered by the various governments to deliver their own gold to the owners, but this seems unlikely when we observe the many cases in which banks are allowed to fail to compensate their clients whist walking away with large sums themselves.

The Climb of the Gold Price
With the increased demand will be a predictably increased price. But there will be a second reason for increased price: the elimination of the price manipulation due to the sale of non-existent gold. Gold, once free of its primary form of manipulation, will experience greater and more regular increases in price, which will introduce the mania stage of gold’s rise.

For any investor whose gold is held in any way by others (ETFs, allocated gold in a bank, physical gold in a bank safe deposit box), he would be well-advised to take delivery as soon as possible, if he is to be assured of actual ownership.

Some people say have more faith. Some people say show me the money. When it comes to Gold Price Manipulation, it is always wise to stick with the latter. In the business world, solid, physical proof of merchandise must be practiced for a full transparency. This is most true when dealing with gold. Why will you trust someone else with your own investment? Take matters into your own hands, keep your options open, learn your way around. This is real investing. And it will be the more rewarding because you played an integral part on it.

For more details, visit the goldsilverworlds.com

Hyperinflation & $6000 Gold Price

Gold Price No Responses »

Jun 262012

Hyperinflation & $6000 Gold Price

In KWN today, the Hyperinflation & $6000 Gold Price , the Gold Price reaching $6000 came up during the Ben Davies’ interview. He was saying that the phenomena of the hyperinflation can hit you like a solid wall. Taken from Davies’ storytelling of a woman from Bolivia’s personal experience, she said that one day, her bank account had been drained to half of its amount. People with higher than the average wages may not notice the inflation rates, but lower income workers will feel it in their daily expenditures like buying food etc.
The gold market’s inclination today is up. Davies has this to say about gold;

“I think the mini-boom that we had in the nominal gold price, up to $1,900, we’ve been working off that mini-excess sideways. The disinflationary pressures from this concept of credit dying is worrying, and I think it weighs on all assets prices. But gold is doing what it should be doing.”

Ben Davies adds:
“If you look at it on a relative basis, gold has maintained its purchasing power. It’s done exactly what it should be doing. Short-term I am concerned that we could be going down to $1,400. Yes, that’s a real risk in this environment.

The Greek situation that’s sort of bubbling away, there’s no change in the status quo. In some ways, as awful as it sounds, it would have been lovely to have had an extreme event happen so that we get to the end of this process….

“Maybe it would have needed a Berlin airlift as they (Greece) were exiting out of the euro, to come and actually dump food on Greece to help people out, who would have been starving as they exited out of the eurozone and the currency. But at least we would have been nearer to the bottom.

Unfortunately, the way it’s going we’re just constantly protracting out this problem. So while that’s happening and the solutions are completely wrong, the risk is this constant weight of deleveraging, and that is weighing on all assets.

But people are ultimately exiting out of these fixed income assets, this sovereign debt, and they are going to be going into gold. I can see that the Asian demand is still very palpable. In fact it’s increased from last year quite dramatically. That is the buyer in the market. The question is, will they (China) be there over the summer months?”

Gold and silver is a solid asset management instrument to capitalize in this point in time. Davies presented that

“ If you were to run M4, M3 numbers, etc, and assert a value to gold on an appropriate metric relative to that, obviously gold would be at stupendous prices. I believe that gold has considerable room to go to the upside, four or five times (Gold price above $6,000). I think that’s not an inappropriate suggestion.”

Hyperinflation & $6000 Gold Price

is accurate in the world’s economic standing today. In Australia, the current lifestyle is more expensive compared to a few years ago. The footprint of inflation is worldwide. Prices hiking up uncontrollably, the value of money not sufficient to support the standard of living. We can counteract its effect by devoting our assets to gold and silver. Buy gold and silver now.

Read the full article here

The European Banking system is falling apart, So Buy Gold !

Dollar, EU, Euro Crisis, Gold News, Gold Price, Gold Price Video, Hyper Inflation, Markets No Responses »

Jun 162012

The European Banking system is falling apart, look at greece in its great depression and Spain getting there second bailout.

all these foreseen situations will boost Gold’s status as a safe asset.
Hyperinflation is just around the corner, its amazing how people are so influenced by the media and since precious metals have been getting a slating lately, people sell when the prices go down, wake up people this is the time to buy, gold is money, thats why they sell when the price is falling, they dont understand the concept that gold is money, it holds it purchasing value, where as currencies dollar and euro for example are losing there buying value and are headed for collapse,

so I hope you understand that its either Gold or paper, now what would you pick , so the current price is not important, you just need to own some gold, below is a video where James Turk is interviewing John Embry, this interview is a must watch, it always is when these two get together.

The way they see it long before the Bull market reaches its end people wont sell gold they will exchange gold for other productive assets. take the time to watch this interview, its reassuring to know that gold is still a great investment and it will continue to be for a long time to come.

John Embry and James Turk on why the Gold Bull Market isn’t Over

these are interesting times with Greece going to the polls tomorrow, People are getting nervous, wether they should have there money in the bank,Greek have withdrawn millions of Euros from there banks over the last few weeks and have moved them to swiss accounts, all this because a lot believe that Greece could be returning to the drachma. when you have gold you dont let this bother you so much, but either way its Europe is a very bad situation, which could have dire consequences on the world economy.

Gold Price Goes Up as Economic Conditions Worsen

Gold Price No Responses »

Jun 042012

For most investors latest gold price is one of the most anticipated and most awaited news of the day. As gold price shows a now so good performance in the past few days, some investors view this as a negative sign for gold and thus lose attraction for gold. But today gold has proven that despite trending along risky assets it is capable of reversing the trend.
Gold Price Goes Up as Economic Conditions Worsen helps rekindles investor’s attraction to gold. Plus with a higher rate of unemployment, everybody is now expecting another boost in the paper currency in the form of quantitative erasing.
Here is a portion of Dow Jones article to give us authority’s interpretation about the current economic condition, in relation with precious metal’s future.

Gold Price Goes Up as Economic Conditions Worsen

Gold prices have roared to a three-week high on speculation of fresh monetary stimulus triggered by a disappointing US monthly employment reading.
The most actively traded contract, for August delivery, rose $US57.90, or 3.7 per cent, to settle at $US1622.10 a troy ounce on the Comex division of the New York Mercantile Exchange.
June-delivery gold, the front-month contract, settled up $US57.90, or 3.7 per cent, at $US1620.50 a troy ounce.
The unemployment rate, obtained by a separate survey of US households, rose to 8.2 per cent in May from 8.1 per cent in April, the first increase in nearly a year.
Gold bugs celebrated the sour jobs data, catapulting prices up nearly $US60 at one point and helping gold end at a three-week high.
“People feel that after this number, more money printing is coming,” said Matt Zeman, head of trading at Kingsview Financial.
Employment is a key consideration for monetary policy decisions at the Federal Reserve, and many gold-market participants have been hoping that weakness in the labour market would usher in another round of stimulus measures from the bank.
Gold prices have rallied on past accommodation efforts. Investors tend to flock to gold on fears that excess liquidity would erode the value of the US dollar and spark inflation. Gold is widely considered a hedge against inflation and a store of value.
“While inflation is not now apparent, stimulus that may result from this turmoil is not far away,” said George Gero, vice president at RBC Capital Global Futures.
Gold’s rally intensified in the final half-hour of trade, with futures setting fresh records as investors streamed into the market.
Gold’s gains were amplified by investors who had bet on lower prices, or shorted gold, who were forced to return to the market as buyers in order to reverse those positions.
If you want to read more of Dow Jones‘s article, click here.

As unemployment increases investor’s fear for their asset’s safety, gold still remains as the best hedge against inflation and the best safe haven investment.
Gold Price Goes Up as Economic Conditions Worsen is just a clear indication that gold and other precious metal investments is still the best hedge against worsening economic conditions. Though there may be some who seems convincing about their prediction that gold is in a bubble, and that sooner or later it will explode and leave investors bankrupt, but practicality as base from current events their assumptions are pure hearsay without solid foundation.

Gold Price Made a Remarkable Increase

Gold Price No Responses »

Jun 012012

As the month ends Gold Price Made a Remarkable Increase in gold price which gives hope to many investors and gold trade authorities. Plus the current economic circumstances seems very favorable for the next round of gold price increase.
This contradicts other presumption that gold price is trending a spiral down ward trend, and that it is one of the signs of a gold bubble that is about to explode. Indeed gold proves that this allegations are wrong, that gold is capable to compete in the market and that it is still a safe haven investment.
Here is the current performance of gold in the market.

Gold Price Made a Remarkable Increase
The GOLD PRICE range today stretched from $1,546.08 to $1,629.30. It closed at $1,629.30, worth $57.90 more than when it went to bed last night. That leaves a beautiful, strong, enchanting chart behind, a bottom with a mighty surge through the downtrend line from the March high at $1,792.70 and just beneath the $1,625.36 fifty day moving average.
Much more encouraging is the way gold sliced through $1,580 and $1,600 resistance and leapt to the next ($1,625) level. Folks, this is powerful movement. Gold cannot send you a louder message that it has left its low behind it and begun the next rally. NOW is the time to buy — now. Silver shot like a meteor over at 148c range today, from 2720.7 to 2869 cents. Closed near the top of the range at 2849.7c. Once silver gapped up at 2775c, in 3-1/2 hours it reached 2869c, a straight-line rise on the chart.
Meanwhile the Euro-zone continues to crumble. Right on time about the end of year’s first half (as expected) bad unemployment news turned up to rack an already panicked stock market which had been floating on fumes, hopes, & Fed propaganda. New jobs in May grew by 69,000, lowest in year and far short of the 158,000 economists expected.
That took unemployment up for the first time in 11 months, to 8.2%. Adding woe to pain, the government revised March & April estimates down as well.
Meanwhile overseas the Euro zone is forcing another austerity treaty on the weaker members. Too little, too late. Bad unemployment data in the face of an upcoming election will send the Fed skittering to the money pumps to keep the ship from sinking.
What y’all must not miss here is that stocks & metals parted ways, decoupled, disconnected, & diverged. Markets are screaming that they now expect more inflation, by the trainload.
BEHOLD, again markets teach us a lesson: Wait. Be patient. What the chart implies the chart will fulfill, although it be delayed by time, chance, & government manipulation. The doom hanging over stocks has Ben Bernanke sweating bullets or nickels or whatever he sweats, & will panic him at last into more inflation. He knows no other, and can do no other.
For more of this article by Franklin Sanders click of here.

Though gold shows a very volatile price this past few days and gives investors a hard time, nevertheless it also shows that it is still capable of turning the tables and make things favorable for itself. As unemployment, further inflation, and a coming election investors and authorities are predicting another round of quantitative easing from the Fed.
Things seems favorable as Gold Price Made a Remarkable Increase, and as economic tension grows investors will find ways to protect their assets from rising inflation, further making gold and other precious metals as a very attractive safe haven investment.

Gold Bull Market to Happen Before the Year Ends

Gold News, Gold Price, Inflation, Precious Metals No Responses »

May 292012

It is undeniable that gold price has not been performing well this past few days. But despite this fact authorities and veteran investors are very positive about the prediction of Gold Bull Gold Bull Market to Happen Before the Year Ends.

The current drop in precious metal price is due to gold’s current correlation with risky assets such as copper, but despite its current price drop some countries continuously buy and stock gold. This may be an indication that investor doesn’t totally lost their confidence in gold. And possibly this could also indicate that they still recognize gold and other precious metals as the best hedge against the ongoing global inflation and its ill economic effects.

To have a closer look into the reason why we must not lose hope and confidence in gold is discussed in detail in the article caption bellow.

Gold Bull Market to Happen Before the Year Ends

Gold could regain its safe-haven status before the year-end, analysts say, though investors should expect further near-term price volatility as the metal maintains its correlation with risky assets.

In recent months, gold has traded broadly in line with industrial metals and equities as investors seek cash due to fears over the euro-zone debt crisis and slowing global growth.

According to data from the International Monetary Fund released last week, Mexico, Kazakhstan and Ukraine were active buyers in the gold market in April, while the Philippines’ central bank lifted its reserves by more than one million troy ounces in March. It was the seventh consecutive month the Philippine bank added to its official gold reserves.

Gold’s correlation with copper, often seen as an indicator of risk appetite and a bellwether for economic health, has strengthened since the start of May, as fears over a Greek exit from the euro zone intensify.

In the near term, gold is vulnerable to shifts in macroeconomic sentiment, Societe Generale Metals Analyst Robin Bhar said. However, he noted that gold can regain its safe-haven status following major risk-off events.

He cited gold’s correction and recovery following Lehman Brothers’ collapse in September 2008 as an example of gold’s ability to reassert its safe haven status after a period of trading in line with risky assets. Gold surged on safe-haven buying in the immediate aftermath of Lehman’s collapse, before falling over the following two months amid cross asset class liquidation. It then resumed its uptrend in December 2008.

In Mr. Bhar’s view, a return to prices of $1,640-1,660 per ounce would be the minimum necessary in today’s market to indicate the return of the safe-haven trade.

To read more about Clementine Wallop’s article click here.

Though gold may be in bad shape these past few days because of its bad association with copper, nevertheless it still holds a promising potential to reverse the current negative trend of gold price in the market.

Indeed Gold Bull Market to Happen Before the Year Ends is something that everyone should anticipate and look forward to.

Nonetheless authorities’ gives a forewarning that there will be a close volatility in gold price before it goes up again before the year ends.

Gold’s Remarkable Price Trend

Gold News, Gold Price, Inflation, Precious Metals No Responses »

May 212012

Gold’s remarkable price trend change between Thursday and Friday’s trading sessions gives a ray of hope to investors who are downhearted by previous week’s gold price performance. Hopefully it will be able to keep up its upward price movement given the fact that some socio political events in the market are favorable to gold.

Despite gold’s price volatility it still remains a stable and low risk safe haven investment. This is what investors are seeking for in this time of economic uncertainties, a kind of investment that does not only get them through difficult times but also offers them a great opportunity to let their investment s grow.

Here is Mike Unser giving us an overview of the current gold price trend in the precious metal market.

Gold’s Remarkable Price Trend

Gold rebounded a combined $55.30 between Thursday and Friday to spring back from its lowest price this year and eke out a 0.5% weekly gain — the first in three weeks.

Advances on Friday were largely attributed to bargain hunting and a weaker U.S. dollar which fell after its longest winning streak since 1985, a ride of gains that lasted for 14 straight sessions.

In closing Friday, gold prices for June delivery rose $17.00, or 1.1%, to $1,591.90 an ounce on the Comex in New York. The yellow metal hit an intraday low of $1,567.80 and reached a high of $1,597.50. The settlement is 3.6% higher than when gold closed on Wednesday to its lowest price this year at $1,536.60 an ounce.

Two weekly gold surveys show differing levels of expectations for gold prices next week. A Bloomberg survey was bearish for the first time in six weeks while a Kitco News survey is heavily bullish. The latter results first:

“In the Kitco News Gold Survey, out of 33 participants, 23 responded this week. Of those 23 participants, 21 see prices up, while two see prices down, and zero are neutral,” reports Kitco.

“A solid majority of participants expect prices to rally next week, especially since June gold futures on the Comex division of the New York Mercantile Exchange held the (intraday) low set on Wednesday of $1,526.70. Many said the sell-off was overdone so the rebound was in due course…

As for the Bloomberg survey, it has 13 of 29 survey participants expecting lower gold prices next week. 11 were bullish and 5 neutral.

For the year, gold prices have gained $25.10, or 2.9%.

To learn more about this article, click here.

Despite the fact that gold had been down in previous weeks, investors and authorities are positive that gold can definitely make a comeback this week. As based from the market and industrial demands for gold, plus the natural quality of gold as a safe haven investment it is expected that gold price will rise in the coming days.

Though gold shows a very volatile pricing in the previous weeks, one must remember that the reasons that made gold a great investment and a great store of value and assets still remain.

So for those who are reluctant in investing in gold, consider those times that gold price drops as a great opportunity to invest in and store gold for future trading and use.

Indeed Gold’s Remarkable Price Trend is yet to begin.

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