| BID | ASK | CHG $ | CHG % | |
|---|---|---|---|---|
| GOLD | 1720.60 | 1721.30 | $5.20 | 0.30% |
| SILVER | 33.609 | 33.649 | $0.001 | 0.003% |
| PLATINUM | 1623.50 | 1628.50 | $6.00 | 0.37% |
| PALLADIUM | 702.00 | 706.00 | $1.50 | 0.21% |
| CHARTS | WEEK | 30 DAY | 1 YR | 5 YR | 10 YR |
Monday, Feb. 06, 2012
Would Eurozone Be Better Off Without Greece?
By James O'Dell February 6, 2012, Los Angeles – The price of Gold eased 1.82 percent or $32.00, to close at $1,726.00 an ounce on Friday, after better than expected payrolls data put investors hopes for more stimulus from the ...
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Gold News from Morgan Gold
Gold's Most Accurate Forecaster Says $1,550
August 31, 2010
August 31, 2010, Los Angeles – Dan Brebner, analyst at Deutsche Bank in London, and the most accurate forecaster of Gold bullion's movements so far this year, says Gold bullion may reach $1,550.
The price of Gold remained steady on Monday after Gold logged its first four week winning streak since June while Silver remained solidly above $19.00 an ounce.
Gold bullion's most accurate forecasters say this Gold rally, which is the longest rally in 90 years, has much further to go no matter what the economy does.
Analysts have predicted a tenth annual advance in the precious metal and have raised their forecasts for Gold in 2011 dramatically. The $1500 December option is now the most heavily traded Gold option in New York.
“Either a swift economic recovery or further dismal economic performance should bring new buyers into the market,” said Eugen Weinberg, an analyst at Commerzbank AG in Frankfurt who was the most accurate forecaster in the first quarter and expects the metal to rise as high as $1,400 next year.
“A stronger economy would create more jewelry demand. If the economy stays weak or gets worse, then investors will be looking for a safe haven.”
Gold is expected to rise as high as $1,500 next year and that's over 20 percent more than the $1,236 that it's currently trading at in New York, according to the median price in a Bloomberg survey of analysts, traders and investors.
Gold bullion has gained 13 percent since January and almost 5 percent in August alone and its entering its best month statistically over the past 20 years, tomorrow.
Options traders are also betting on prices rallying to new highs. The biggest position is in the call options expiring in November 2010, giving traders the right to buy the metal at $1,500.
The next biggest position is the call option for $2,000 expiring in November 2011, as shown in data from the Comex exchange in New York.
“Investors’ interest is still growing and still hasn’t reached a reasonable part of their portfolio,” UniCredit’s Hitzfeld said.
“Gold is still an under-owned asset, that’s perfectly clear.” Don't miss Gold's next big advance, invest in physical Gold and Silver bullion and coins. It's extremely easy to add physical Gold to an IRA, do it today.
‹‹ news archives
The price of Gold remained steady on Monday after Gold logged its first four week winning streak since June while Silver remained solidly above $19.00 an ounce.
Gold bullion's most accurate forecasters say this Gold rally, which is the longest rally in 90 years, has much further to go no matter what the economy does.
Analysts have predicted a tenth annual advance in the precious metal and have raised their forecasts for Gold in 2011 dramatically. The $1500 December option is now the most heavily traded Gold option in New York.
“Either a swift economic recovery or further dismal economic performance should bring new buyers into the market,” said Eugen Weinberg, an analyst at Commerzbank AG in Frankfurt who was the most accurate forecaster in the first quarter and expects the metal to rise as high as $1,400 next year.
“A stronger economy would create more jewelry demand. If the economy stays weak or gets worse, then investors will be looking for a safe haven.”
Gold is expected to rise as high as $1,500 next year and that's over 20 percent more than the $1,236 that it's currently trading at in New York, according to the median price in a Bloomberg survey of analysts, traders and investors.
Gold bullion has gained 13 percent since January and almost 5 percent in August alone and its entering its best month statistically over the past 20 years, tomorrow.
Options traders are also betting on prices rallying to new highs. The biggest position is in the call options expiring in November 2010, giving traders the right to buy the metal at $1,500.
The next biggest position is the call option for $2,000 expiring in November 2011, as shown in data from the Comex exchange in New York.
“Investors’ interest is still growing and still hasn’t reached a reasonable part of their portfolio,” UniCredit’s Hitzfeld said.
“Gold is still an under-owned asset, that’s perfectly clear.” Don't miss Gold's next big advance, invest in physical Gold and Silver bullion and coins. It's extremely easy to add physical Gold to an IRA, do it today.
‹‹ news archives
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