| BID | ASK | CHG $ | CHG % | |
|---|---|---|---|---|
| GOLD | 1592.60 | 1593.30 | $18.80 | 1.19% |
| SILVER | 28.720 | 28.760 | $0.720 | 2.568% |
| PLATINUM | 1453.50 | 1458.50 | $5.50 | 0.38% |
| PALLADIUM | 602.50 | 606.50 | $3.50 | 0.58% |
| CHARTS | WEEK | 30 DAY | 1 YR | 5 YR | 10 YR |
Saturday, May 19, 2012
Are Investors Draining Greek Banks And Buying Gold?
By James O'Dell Los Angeles, CA. – Morgan Gold - Gold and Silver bullion prices rallied for a second day on Friday, with the price to buy Gold now at $1,593.60 an ounce and the price to buy Silver at ...
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Gold News from Morgan Gold
2011 Gold Outlook- Much Higher Prices
December 15, 2010
Los Angeles, CA - Morgan Gold - Gold bullion prices pulled back in early trading Wednesday morning and continue to trade in a tight consolidation range between $1,384 and $1,408 an ounce while Silver is trading above $29.00 an ounce. Gold and Silver bullion prices have extended their year-to-date gains to 24 percent and 72 percent, respectively.
With the year-end upon us, analysts, almost across the board, are predicting higher precious metals prices in 2011. Gold is almost 10 years into one of the longest running bull markets in history. Beginning its gradual rise from about $250 an ounce the Gold market recently posted a record of $1,431 an ounce.
Most analysts are forecasting further gains in both Gold and Silver bullion prices. BNP Paribas has forecast a Gold price of $1,500 an ounce in 2011, while Goldman Sachs has a 12 month target of $1,690 an ounce.
The Canadian Imperial Bank of Commerce (CIBC) has raised its Gold price target for 2011 to $1,700 an ounce while Macquarie tells us that Gold will reach $2,000 per ounce in the next 18-24 months. Gold is being viewed as the “ultimate currency,” often rising alongside the dollar, said Bill O’Neill, principal with LOGIC Advisers. This happens when European debt concerns rattle investors.
“There is no great desire from large investors in particular to hold any currency,” said O’Neill, who looks for $1,600 Gold next year. Central banks are increasing their Gold reserves while governments and central banks are pumping money into the economy, fueling fears of inflation, which is bullish for Gold.
The price of Gold is likely to benefit as the dollar loses purchasing power due to factors such as spending deficits and a rising debt load, said Jeff Clark, Senior precious metals analyst at Casey Research. “Gold is priced in U.S. dollars. So as the dollar loses value, Gold must go up almost by default.”
Invest in physical Gold and Silver bullion and protect your wealth. Did you know you can add Gold and Silver bullion to your IRA? It's true, and it's a safe and easy way to start investing, just call 1.800.585.1773 and speak to a Gold and Silver investment specialist at Morgan Gold today. Ask about our Sterling Trust Precious Metals IRA.
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With the year-end upon us, analysts, almost across the board, are predicting higher precious metals prices in 2011. Gold is almost 10 years into one of the longest running bull markets in history. Beginning its gradual rise from about $250 an ounce the Gold market recently posted a record of $1,431 an ounce.
Most analysts are forecasting further gains in both Gold and Silver bullion prices. BNP Paribas has forecast a Gold price of $1,500 an ounce in 2011, while Goldman Sachs has a 12 month target of $1,690 an ounce.
The Canadian Imperial Bank of Commerce (CIBC) has raised its Gold price target for 2011 to $1,700 an ounce while Macquarie tells us that Gold will reach $2,000 per ounce in the next 18-24 months. Gold is being viewed as the “ultimate currency,” often rising alongside the dollar, said Bill O’Neill, principal with LOGIC Advisers. This happens when European debt concerns rattle investors.
“There is no great desire from large investors in particular to hold any currency,” said O’Neill, who looks for $1,600 Gold next year. Central banks are increasing their Gold reserves while governments and central banks are pumping money into the economy, fueling fears of inflation, which is bullish for Gold.
The price of Gold is likely to benefit as the dollar loses purchasing power due to factors such as spending deficits and a rising debt load, said Jeff Clark, Senior precious metals analyst at Casey Research. “Gold is priced in U.S. dollars. So as the dollar loses value, Gold must go up almost by default.”
Invest in physical Gold and Silver bullion and protect your wealth. Did you know you can add Gold and Silver bullion to your IRA? It's true, and it's a safe and easy way to start investing, just call 1.800.585.1773 and speak to a Gold and Silver investment specialist at Morgan Gold today. Ask about our Sterling Trust Precious Metals IRA.
‹‹ news archives
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