Commodities gained the most in a month and gold topped $1,800 an ounce for the first time on speculation low interest rates and growth in emerging nations will support demand for raw materials. The Standard & Poor’s GSCI index of 24 commodities climbed 1.4 percent by 6:25 p.m. in London, heading for the biggest jump since . . . → Read More: Gold price makes history crosses US $1800
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Swiss Bullion Gold & Bullion Silver CommentaryWhy is the Gold Anti Trust Association (GATA) scorned by much of the mainstream financial and gold analytical community? As has been the pattern in many sectors the existing establishment tries to dismiss GATA’s ideas and data as crackpot economics and conspiracy theories and its followers as a bunch of right wing nutters. Indeed some of . . . → Read More: Gold massively underinvested The Swiss Parliament is expected later this year to discuss the creation of a gold franc a parallel currency to the official Swiss franc, with the fringe initiative likely triggering a broader debate about the role of the precious metal in the Alpine nation. The initiative is part of “Healthy Currency,” a campaign sponsored by politicians . . . → Read More: History in the Making – Currency Swiss Franc to be backed by Gold The entire financial world was watching Athens today to see whether or not the Greek government would survive a no-confidence vote. Thankfully, it did. More importantly, the government now has to push a new slate of severe austerity measures through parliament next week to try to control its escalating debt. If the package gets rejected, further . . . → Read More: Why another Greek bailout is a stupid idea Most metals and energy carriers gained in price in the morning after Goldman Sachs announced that its experts considered some commodities undervalued. This is the 3rd favorable day for gold as investors are still concerned about the Greek debt problem and its possible impact on the EU economy. Greece strives to meet all the conditions of . . . → Read More: Gold and silver grow in value against Greece’s debt problems Silver futures rebounded from the biggest weekly slump since at least 1975 and gold gained on renewed demand for precious metals as alternative assets. The Standard & Poor’s GSCI Index of 24 commodities declined 11 percent last week, the most since December 2008, led by the 27 percent tumble in silver futures. The 14-day relative strength . . . → Read More: Silver and Gold Advance as Investors Return Gold soared today, topping US$1,460/oz to post fresh record highs with surging oil prices acting as the main catalyst. The civil war in Libya has driven June futures for US benchmark crude to US$109/barrel, while Brent crude stood firmly above US$120/barrel. Expectations that the sharp increase in oil futures will drive up consumer prices have boosted . . . → Read More: Gold tops $1460 amid inflation fears The mainstream media is so preoccupied with doomsday stories of nuclear meltdowns that it has overlooked news coverage that actually will affect the lives of Americans. Maybe the media is not thinking long-term: After all, what is more compelling than news coverage of mass starvation and civil unrest resulting from the collapse of the American dollar? Read . . . → Read More: Forget Nuclear Meltdowns Think Bond Market Meltdowns Gold rose to a record of $1,435.60 an ounce in New York as unrest in Libya spurred demand for the metal as an investment haven. Read more of the article . . . → Read More: Gold Rises to Record $1,435.60 on Libya Unrest Gold prices broke above $1400 an ounce, as the unrest in the Middle East continues to escalate. Read more of the article . . . → Read More: Investors rush to gold bullion as crisis escalates in Libya |
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