Even though the gold price has broken out against many currencies in the past several months, I still believe that the major influence on the metal’s price remains the US dollar, its exchange rate with …
Four reasons gold will only go higher
Category: Gold
Could alternative energy be a better bet than gold?
In February, we rather bravely suggested that gold bullion could, if it held its current trend, reach $600/oz by June this year. Instead, it hit $600/oz on Tuesday, 11th April. Bull markets notoriously climb “walls …
What’s really driving the soaring gold price?
Increasingly we find ourselves being asked about the outlook for commodity prices and, more specifically, commodity stocks over 2006 and beyond. Whilst many scarce raw materials have seen prices driven up to new all time …
Why the shaky US housing market bodes well for gold
The gold price is running strong – that always makes me nervous and I instinctively brace for a correction. That’s because markets move higher in fits and starts. While I believe that the gold price …
Gold Gains Are Set To Continue
The most exciting recent action in commodities has been the soaring gold bullion price. Just a few weeks ago, we said that it was only the level of $450/oz that stood between the current price …
Why would anyone want to own gold?
We own a nice big chunk of the magic yellow metal. Each bar weighs about 12 kilograms (26.5 pounds) and so consists of some 400 ounces of the one atomic element that has seemingly fascinated …
Is Gold Due for a Pause?
Strong demand for gold from jewellery manufacturers is providing underpinning for the market, so when stronger investment demand comes through it should lift prices from current levels of around $472 to above $500 in the …
Why gold will keep going higher
When the gold price reached $400 an ounce, I was writing that the next step would be $500 an ounce. When it reached $500 an ounce, I expected it to go to $600 and more …
Why gold is better than paper money
Bill Bonner of Daily Reckoning fame, says about the dollar in particular that you can either control its quality or its quantity. Such a brilliantly simple concept goes to the heart of the gold story. …
Why gold could rise another 534%
The gold bull market has entered its second phase – it is now an exciting investment in its own right, not just an indication of dollar weakness, say John Robson and Andrew Selsby at RH …