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Adrian Ash: … PLENTY OF PEOPLE pay close attention to the Dow/Gold Ratio. Eighty years after it sank to its Great Depression low, you might want to take a look this week, too. Read more…
Adrian Ash: Wholesale Prices to buy gold ticked back above $1570 per ounce in London trade Thursday lunchtime, but held onto a 0.5% loss for the session as stock markets fell ahead of today’s Euro crisis summit in Brussels – the 12th such meeting in 12 months. Read more…
Adrian Ash: Last time gold fell for 3 months running was March 2001. And so…? IT HAD BECOME so rare, you could take its absence for granted to buy gold on the cheap. Read more…
Adrian Ash: Is it fair to characterize gold bullion as an investment…? WHY BOTHER investing? Five years into the financial crisis – and more than a decade after the US market hit its big top in real terms – you might well ask. Especially now that cash, bonds, Treasuries and stocks pay between zero and sweet Read more…
Adrian Ash: It’s more than “interesting” that platinum prices are lagging gold… GOLD has risen nicely since the meltdown following Lehmans’ collapse, with the gold price in Dollars rising 130%. Until last summer, however, platinum had done better still. Read more…
Adrian Ash: With the gold price dipping to nearly its lowest level in 2012 as world stock markets and commodity prices also fell. Read more…
Adrian Ash: SO GOLD BULLS are turning bearish. But not really. “A number of things which would have kept people with an eye on the upside for gold prices have now been neutralized,” says RBS’s Nick Moore, who cut the state-owned UK bank’s 2012 targets for precious metals other than gold in January. Read more…
Adrian Ash: THANKS TO HINDSIGHT, the bull market in gold which followed Richard Nixon unpegging the US Dollar, and therefore the rest of the world, from its last pretence of a Gold Standard sounds as inevitable today as Jimmy Page’s solo in Stairway to Heaven, also a 1971 classic. Read more…
Adrian Ash: The WHOLESALE-MARKET gold price twice rose within a few cents of $1650 per ounce in London Thursday morning, adding 0.9% from yesterday’s fresh 8-week low as industrial commodities ticked lower again. Read more…
Adrian Ash: Was the People’s Bank of China really buying gold at the rate of 1 ounce in every 8 sold worldwide last quarter…? SO THOSE MILITANT crazies known to the mainstream media as “gold bugs” – and to the FBI as subversives – got the headline they’ve been longing for, apparently, last week. Read more…
Adrian Ash: Gold goes up with inflation. Except when it goes up regardless… EVERYBODY’S fretting about inflation. Central bankers say there’s too little, or will be (just you wait). Lesser mortals feel there’s way more than the official numbers let on. And finance professionals think there’s a lot more ahead. Read more…
Adrian Ash: PRECIOUS METALS rallied in Asian and early London trade Thursday morning, with gold futures at one point recovering more than a third of yesterday’s sharp $100-per-ounce decline as global stock markets also rose. Read more…
Adrian Ash: Take 40 trillion Yen, add another 22 trillion, and you still aren’t doing enough! Japan tipped into depression almost 20 years before everyone else, but it got no respect for blazing the trail. Its zero-rate policy also got started more than seven years before the US or Britain’s. But again it was all “too Read more…
Frank Holmes: After prices fell 10% in December, many investors wondered if the bull market in gold was running out of steam. That was before Federal Reserve Chairman Ben Bernanke swooped in with a “red cape” and fired the bulls back up. Read more…
Adrian Ash: INVESTMENT DEMAND to buy gold continued to push wholesale prices higher Thursday morning in London, after the US Federal Reserve vowed to keep Dollar interest rates at zero until at least 2014 – one year later than previously promised. Read more…
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