News on Gold Prices

Silver supply crisis looms

2010-03-12T19:15:21Z

<div id="subtitle">Solar is just one of the applications where growth in silver demand is expected</div><div><p>I have spent a considerable amount of time discussing how a supply crunch is looming in the gold market. With retail investment demand soaring, and central banks switching from large, netsellers to large net buyers, the world's gold shortage will continue to intensify – despite the fact that nearly every ounce of gold ever mined still exists (in some form) aroun...

Summary Box: Gold retreats as euro concerns ease

2010-03-12T14:30:17Z

<div id="subtitle">Summary Box: Gold falls on easing currency concerns; Oil drops on mixed economic reports</div><div><p>GOLD DROPS: Gold prices continued to fall as concerns about the euro have eased. It's down nearly 4 percent in less than two weeks.</p><p>OIL DOES TOO: Oil and other energy contracts fell after mixed economic reports had investors unsure about future demand.</p><p>GRAI...

What China wants more than physical gold

2010-03-11T19:16:48Z

<div id="subtitle">Could have its sights on buying gold mines abroad</div><div><p>"A few factors limit our ability to increase [our] investment in gold," China's Chief foreign exchange regulator Yi Gang said in a speech this week. Investors have long speculated China will start buying gold and selling its hoard of U.S. dollars ...

Competition for the IMF's gold?

2010-03-11T19:16:47Z

<div id="subtitle">Isn’t a far-fetched idea</div><div><p>On February 24, Reuters reported that the Reserve Bank of India was “set to be a buyer” of the 191.3 tonnes (6.74 million ounces) of gold the IMF is selling. Although the bank wouldn’t comment ...

Why I'm buying back into gold stocks now

2010-03-08T19:15:39Z

<div id="subtitle">Public opinion hit its lowest level since last April</div><div><p>Back in December, I got spooked about gold... I actually told my subscribers to sell their gold. We sold a position we'd bought back in 2003, when gold was incredibly unpopular. Here's what tipped me over the edge... The morning the issue was going to print, I'd already seen ads for gold on TV. I'd already heard ads for gold on the radio on my drive to the office. And it was only 5:30 a....

Got Gold Report: ETF investors fancy silver in 2010

2010-03-02T19:15:17Z

<div id="subtitle">Largest silver ETF shows consistent positive money flow regardless of price</div><div><p>HOUSTON – Precious metal exchange traded fund investors are showing a preference for silver over gold lately or at least we are seeing more buying than selling pressure in the silver ETFs while gold ETF money flow is flat and has been for a year. </p><p>We think it could be pointing to an opportunity looking ahead and we’ll begin making the case fo...

Gold's bull market enters its ninth year but is still solid

2010-02-24T19:15:46Z

<div id="subtitle">Sharpest decline is likely underway though</div><div><p>Gold, silver and the metals group are coming down from their January highs, on the eve of gold’s nine year bull market run. Considering the gold price has had nine consistent yearly gains, and it’s still above $1000 is a feat in itself. Gold’s bull market is solid, a new phase has begun and it’s currently declining in a sharp, yet normal downward correction. </p><p>Corrections tend...

1001 reasons to own gold

2010-02-21T19:15:14Z

<div id="subtitle">Cumulative effect is potentially scary</div><div><p>Tracking the numerous ongoing bullish factors for gold is quite a chore. There are, quite literally, so many compelling arguments for holding our favorite metal that I used to catalog them each month in our letter. </p><p>The reason there are so many “reasons” is because gold is unlike any other asset. It... </p><p>How many assets can you say have all those characteristics? &l...

Got Gold Report: Gold, silver COT action best since 2009

2010-02-22T08:56:51Z

<div id="subtitle">Largest short sellers rushing to exit gold, silver short positions</div><div><p>HOUSTON – The largest of the largest traders of gold futures on the COMEX in New York continued to drastically reduce their net short exposure to both gold and silver futures according to data in the latest...

Golden opportunity for GLD?

2010-02-22T08:29:59Z

<div id="subtitle">Plenty of fuel left in the tank for a continued run higher</div><div><p>The recent rise in the U.S. dollar has been a bane for gold prices. In fact, the front-month gold futures contract has dropped nearly 6% since peaking in early December 2009. </p><p>Adding to the precious metal's malaise, concerns over the massive sovereign debt loads am...

Barrick posts 4Q profit on soaring gold prices

2010-02-22T08:51:41Z

<div id="subtitle">Barrick Gold records 4Q profit on higher gold prices; plans spinoff of Africa assets</div><div><p>Boosted by soaring gold prices, Barrick Gold Corp. on Thursday reported it swung to a fourth-quarter profit.</p><p>Barrick, based in ...

Barrick Gold's 4Q production at a glance

2010-02-22T08:38:53Z

<div id="subtitle">A look at production, prices for Barrick Gold's 4Q performance</div><div><p>Barrick Gold Corp., the world's biggest gold producer, capitalized on higher gold and copper prices in the fourth quarter.</p><p>Here is a look at the Toronto company's production and prices for ...

Earns Barrick Gold

2010-02-18T11:18:50Z

FILE - In this Feb. 14, 2006 file photo, a close-up of the chest patch of a worker at Barrick's Ruby Hill Mine, outside Eureka, Nev., is shown. Barrick Gold Corp. on Thursday, Feb. 18, 2010, posted a fourth-quarter profit as its average gold price jumped 38 percent after eliminating contracts that pledged to sell the precious metal at much lower prices.(AP Photo/Douglas C....

Summary Box: Barrick Gold's 4Q results

2010-02-22T08:43:36Z

<div id="subtitle">Summary Box: Highlights of Barrick Gold's 4Q results</div><div><p>GOOD AS GOLD: Barrick Gold Corp. posted a fourth-quarter profit as it realized an average gold price of $1,119, up 38 percent from the year-ago period.</p><p>EAGER INVESTORS: Investors have helped drive up gold prices as they turned to gold as a safer...

Bernanke, Geithner, and Mr. Market all say buy gold now

2010-02-22T09:44:44Z

<div id="subtitle">Time to reload on your favorite gold stocks</div><div><p>The correction in gold prices has clearly unnerved many of the newly-minted gold bugs. </p><p>The simple fact gold is not going up $20 a day has sent the “hot money” running for the exits. </p><p>Investors willing to wait out the passing storms and keep their eyes on the big prize, however, are going to do exce...

Gold critic is a real nincompoop

2010-02-22T11:40:40Z

<div id="subtitle">Little involvement by the general public in the current gold bull market</div><div><p>Nincompoop is my grandmother’s favorite word for politely describing the obtuse among us aptly characterizes a recent attack on gold. And that it comes from an investment magazine that commands front-of-the-rack prominence in waiting rooms across our great land is reassuring evidence we have a long way to go in this gold bull market....

Got Gold Report: COMEX Commercials covering gold shorts

2010-02-22T12:05:45Z

<div id="subtitle">Largest gold futures short sellers close over 25,000 contracts in one week</div><div><p>ATLANTA – The largest of the largest traders of gold futures on the COMEX in New York seemed to be in a hurry to reduce their net short positioning in th...

Gold bullion a better bet than gold mining stocks?

2010-02-22T12:05:50Z

<div id="subtitle">Equities seem to be more successful as short-or intermediate-term trades</div><div><p>Below is an excerpt from a commentary originally posted at www.speculative-investor.com on January 31, 2010. It is widely believed that gold stocks offer leveraged exposure to changes in the gold price, but this belief is false. At least, the historical record suggests that it is false on a long-term basis. As evidence we include, below,...

Gold investments a solid bet for the long term, says analyst

2010-02-22T17:21:59Z

<div id="subtitle">Interview with Craig Stanley, analyst at Pinetree Capital</div><div><p> Biography: Craig joined Pinetree Capital (TSX: T.PNP, Stock Forum) in January 2009 as Resources Analyst. He is responsible for aiding the management of Pinetree’s existing portfolio as well as researching and analyzing new investment opportunities. Prior to joining Pinetree, Craig worked bot...

Got Gold Report: CFTC eyes position limits for gold, silver

2010-02-22T17:56:48Z

<div id="subtitle">Largest futures short sellers have nothing to fear from U.S. regulators</div><div><p>ATLANTA – Just before Christmas we featured the huge net short dollar index positioning by commercial traders on the ICE exchange based here in Atlanta. Since that report other c...