May 23rd, 2008 |
By Ed Bugos |
Category: Gold
Gold could be ready to end the summer doldrums even before summer begins.
The most relevant area of resistance in the way of this outlook is the 30-point range between $890 and $920. If gold can break through and find support at these values it will be poised to rise for ...
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Tags: Gold, gold market, junior mining, junior mining company
Posted in Gold |
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Apr 30th, 2008 |
By Ed Bugos |
Category: Macro Economics
The economy doesn’t know what to do with itself. The Fed has made it all but certain that inflation will be a problem. Prices are rising and everything has become more expensive. So what ever happened to this recession we’ve been hearing about? Shouldn’t a slowing economy be depressing prices? ...
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Tags: inflation, recession, the Federal Reserve
Posted in Macro Economics |
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Apr 3rd, 2008 |
By Ed Bugos |
Category: Currencies, Gold, Macro Economics
WHEN I LOOK AT THE POLICIES THAT CENTRAL BANKS are adopting today, everywhere, I see an inflationary epidemic that is feeding on itself and confirming the bull market in gold. In the U.S. — arguably an epicenter of the modern global monetary system — I see a central bank whose ...
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Tags: ben bernanke, inflation, money supply, the Fed and gold, the Federal Reserve
Posted in Currencies, Gold, Macro Economics |
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Mar 26th, 2008 |
By Ed Bugos |
Category: Gold
So you own a portfolio of gold stocks and you’re worried about losing some of your gains to the return of a bear market on Wall Street, or a correction in oil prices, or a temporary bounce in the U.S. dollar.
You tell yourself that these things are not fundamentally bearish ...
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Tags: gold options, gold prices, gold stocks, investing in gold options
Posted in Gold |
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Mar 20th, 2008 |
By Ed Bugos |
Category: Commodities, Gold
REMEMBER THAT OLD WALL STREET MAXIM, “Don’t fight the trend”?
Now remember another one: “Don’t fight the Fed.”
Well, what happens when the Fed fights the trend, as it has been recently? Which axiom to believe?
Historically, the Fed loses that fight until the trend is ready to turn back around. Admittedly, the ...
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Tags: gold bull market, gold shares, junior mining, junior mining markets
Posted in Commodities, Gold |
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Mar 11th, 2008 |
By Ed Bugos |
Category: Commodities, Emerging Markets
The South African gold and platinum deposits are among the vastest and richest in the world.
Even after a persistent drop in annual production since the 1970s that has driven output down to an 85-year low, the country is still the second largest gold producer in the world. With gold and ...
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Tags: Gold Fields, gold mining bull market, South African gold mining, South African mining
Posted in Commodities, Emerging Markets |
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Feb 12th, 2008 |
By Ed Bugos |
Category: Gold
THE G-7 APPROVED THE IMF’S GOLD SALES plan this weekend in Tokyo.
Quoting a Morgan Stanley analyst endorsing the plan, “This is arguably a good time to consider selling some of these gold holdings and investing the proceeds in financial securities with positive yields.”
According to the same article, the head of ...
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Tags: G-7, IMF, international gold sales, price of gold
Posted in Gold |
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Feb 6th, 2008 |
By Ed Bugos |
Category: Gold
GOLD CRITICS OFTEN SAY THAT THE SHINY YELLOW METAL has few industrial uses, compared with, say, silver or copper. That happens to be what we call a half truth. It’s also beside the point. It is usually lamented by bears refusing to accept the market’s valuation of gold.
The whole truth ...
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Tags: bull market, dollar standard, gold prices, value of gold
Posted in Gold |
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Jan 22nd, 2008 |
By Ed Bugos |
Category: Currencies, Gold
A HISTORIC MILESTONE IS NEARBY.
In December, the gold price raced off to record highs for the first time in almost three decades. Now it looks to be closing in on 1,000 U.S. bucks. That is four digits. It will also be four times the 1999 low.
The market has added dollars ...
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Tags: gold bull market, gold prices, lower interest rates, the Fed inflation
Posted in Currencies, Gold |
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Sep 12th, 2007 |
By Ed Bugos |
Category: Gold
In light of the bearish news affecting financial markets recently and the calls to pile into gold — which is generally considered a countercyclical asset and inflation hedge — a reader recently asked when the other shoe might drop. He meant if gold prices started rising too quickly, wouldn’t the ...
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Tags: gold mining industry, gold ownership
Posted in Gold |
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