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By Eric McWhinnie |
May 24, 2012
First-quarter global gold demand totaled 1,097.6 tonnes ($59.7 billion), which represents a 5% decrease from 1,150.7 tonnes ($51.3 billion) in the same period last year. Although the demand in tonnes decreased, the average price for an ounce of gold was 22% higher.
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By Frank Holmes |
May 23, 2012
Investors have “defriended” gold recently in favor of the dollar, as Greek and French voters rejected austerity measures. I often say, money goes where it is best treated, and these deposits will need to find a safe haven.
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By Jon Nadler |
May 18, 2012
Gold prices rallied by more than 2% on Thursday and by nearly 1% early this morning as the US dollar appeared to slow its upward progress on the trade weighted index. Nevertheless, the dollar – trimmed gains and all – was still up for a 15th day in a row...
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By Jon Nadler |
May 14, 2012
After suffering a roughly 4% loss last week, gold prices headed even lower overnight and this morning as further erosion in crude oil and the euro and further advances in the US dollar made life more difficult for the few remaining bulls in the market.
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By Mark O'Byrne |
May 14, 2012
Gold has fallen again today and has now erased the gains for the year. Gold edged up in early Asian trading as bargain hunters lifted prices from four month lows, but gains were capped and prices gradually fell and falls continued in European trading.
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By Richard (Rick) Mills |
May 11, 2012
We’ve not had the much higher inflation called for – why not? Are there further gains to be made in the prices of gold and silver (and commodities in general)?
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By Frank Holmes |
May 11, 2012
There was a strong reaction to the elevated debt crisis in Europe, with commodities and equities being indiscriminately sold. Gold fell 3% this week, losing its safe haven status as the dollar grew stronger and the 10-year government note headed lower.
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By Mark O'Byrne |
May 10, 2012
Gold is relatively unchanged after three days of gradual losses despite the degeneration in the Eurozone crisis with the deteriorating situation in Greece and Spain increasing the risk of contagion.
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By Jeff Berwick |
May 8, 2012
It must be "Bash Gold" week on the CNBS network. Warren Buffet has been leading the charge by talking down the precious metal. Buffet’s partner in crime Charlie Munger recently pitched in. And Bill Gates went on CNBS Monday to try and explain the error in investing in the barbarous...
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By Eric McWhinnie |
May 7, 2012
It is no secret that Warren Buffett publicly dislikes gold, citing limited industrial demand and a "lifeless" outlook. Apparently, the strong distaste for the yellow metal runs throughout the Omaha-based Berkshire Hathaway.
