Archive for January, 2008
“Gold could hit four figuresâ€
Thursday, January 24th, 2008Tweet The market has started to look at gold as money again rather than just a commodity, writes Ed Bugos (Whiskey and Gunpowder) in an article on the Money Week website. He forecasts “a $1,200-1,400 high for gold†in 2008, “that will break the bond market’s back, and make stocks cheap againâ€. He says he […]
Gold … the market never sleeps … even on a U.S. holiday
Monday, January 21st, 2008Tweet With the U.S. markets closed for the Martin Luther King Day holiday, this Monday stock markets around the world got the jitters after (perceived)? bad news on Friday and dropped their … well, their prices. Everyone is unsure if the U.S. really is going to go into recession and just what that means for […]
Gold has risen 50 percent in the past year
Monday, January 14th, 2008Tweet With the price of gold reaching “another all-time high” today at $914, as the BBC points out, it has increased 50 percent over the past year. The weaker dollar has been making a contribution to the rise, making the precious metal more affordable to holders of other currencies. Other contributors, the broadcaster quotes analysts on its […]
$900 spot gold price just around the corner?
Friday, January 11th, 2008Tweet “Spot gold set a fresh record high of $898.00 this morning before sinking to $893.40 on profit taking”, reports Money Week today. “Silver hit a 27-year high of $16.29 today before slipping back to $16.24”, the publication continues. It was only a few weeks ago that gold prices were hovering around $800 an ounce, […]
