2-28-06 -- "Gold up 8.5% YTD ~ Silver up 11% YTD" -LISTEN
Gold prices firmed up Tuesday on weak economic reports, a softer dollar and
fund buying after a warning that gold supplies from mines will decline in 2006.
Gold closed up $6.90 to $561/oz. -- up 8.5% YTD. Silver closed up 11 cents to
$9.74/oz. -- up 11% YTD. Analysts remain positive on the investment outlook
for metals, despite the recent shakeout.
2-27-06 -- "Gold: A safe haven from nervous markets" -LISTEN
Gold prices slipped Monday, as speculation that higher energy prices will stoke
inflation and relative calm in the Mid East relieved investors. Gold prices
closed down $3.80 to $554.60/oz., silver closed off 7 cents to $9.63/oz. Nervous
currency and energy markets are likely to draw investors towards safe-haven assets
such as gold.
2-24-06 -- "Saudi explosion sends oil/gold up 2%" -LISTEN
Gold climbed nearly $10 an ounce Friday, as investors fretted over a reported explosion
at an oil refinery in Saudi Arabia. The report of an explosion and shots fired at an
Eastern Saudi Arabian oil refinery also lifted prices for oil by 2%. Gold closed up
$9.60 to $558.40/oz, silver jumped 22 cents to $9.70/oz as traders and investors
sought a safe haven from a weaker dollar.
2-23-06 -- "Commodities trump stocks as long-term bet" -LISTEN
Gold prices drifted lower Thursday, pressured by trader liquidation due to
cheaper crude oil and weaker overseas gold prices, traders and analysts said.
Gold closed down $5.10 at $548.80/oz., silver closed off 11 cents to $9.48/oz.
Oil, gold, grains and other commodities will outperform stocks and bonds in
the next 10-15 years.
2-22-06 -- "Gold demand surges 26% in 2005" -LISTEN
Gold prices see-sawed on Wednesday after a report showing higher than
expected inflation in January, led by higher energy, food and housing
costs. Gold closed up $.30 to $553.90/oz, silver gained five cents to
$9.59/oz. The World Gold Council today announced that investment demand
for gold rose 26% in 2005.
2-20-06 -- "Gold jumps on geopolitics and inflation" -LISTEN
Gold prices rallied to a high for the week on Friday on safe-haven buying,
amid a fresh threat of violence in Nigeria and Iran's continued defiance
of calls to stop its uranium-enrichment program and higher than expected
inflation in January. Gold closed up $7.60 at $551.80/oz, while silver
jumped $.08 to $9.41/oz.
2-16-06 -- "Gold rebounds as investors buy the dip" -LISTEN
Gold and silver rebounded on Thursday as traders weighed the
impact of further hikes in interest rates after the new Fed chief
Ben Bernanke's speech on Wednesday. Gold closed up $4.60 to $544.20/oz
despite a stronger dollar and weaker oil prices. When the big funds
and banks sell gold, the gap is quickly filled by smaller investors.
2-15-06 -- "$540 Gold: Don't Miss the boat again!" -LISTEN
Gold prices fell Wednesday after Federal Reserve chief Ben Bernanke
said U.S. interest rates may need to rise further to cool inflation generated
by a strong economy and higher energy prices. Gold closed off $6.40 to $539.60/oz.
The current price corrections are providing a good opportunity for consumers --
Don't miss the boat again!
2-14-06 -- "$540 Gold: The last great buying op?" -LISTEN
Gold prices rebounded sharply Tuesday on physical buying and renewed speculative
interest, as cheaper prices helped reignite business after a five percent correction
over the last week. Gold closed up $7.20 to $546.00/oz. and silver closed up $.22 to
$9.30/oz. $540 an ounce gold is probably the last great buying opportunity before prices
head to much higher levels.
2-13-06 -- "Speculators selling-op = Investors buying-op" -LISTEN
Gold prices dropped 2% in choppy trading on Monday as further fund liquidation
emerged after last week's 3% sell-off, although bargain hunting lent support. Gold closed
down $11.40 to $538.80/oz. Looking at the fundamentals, nothing really has changed,
therefore, gold bulls view this recent sell-off as a buying opportunity.
2-10-06 -- "Gold closed down 3% for the week... BUY!" -LISTEN
Gold surrendered all but a dime of Thursday's sharp gains on Friday under
the weight of fund selling, but gold's long-term strength appeared intact.
Gold closed down $14.60 at $550.20/oz., three percent lower for the week.
Perhaps we can all take a lesson from the timeless Olympic slogan in 2006:
'Go for the Gold!'
2-9-06 -- "Gold jumps 2.7% on demand, short-covering" -LISTEN
Gold prices shoot up nearly $15 Thursday as investors, traders and jewelers
all "bought the dip" following the major price correction Tuesday. Gold
closed up $14.70 to $564.70/oz. Silver closed up $.22 to $9.62/oz.
According to GATA Chairman Bill Murphy, "This stunning price surge
suggests a PANIC short-covering by The Gold Cartel."
2-8-06 -- "$550 Gold: Investors & Traders Buy the Dip" -LISTEN
Gold prices stablized Wednesday at $550/oz as investors and traders
"bought the dip" in precious metals following a major price correction
Tuesday. Gold closed down $.60 at $550.10/oz. Silver closed up $.06
to $9.40/oz. Most analysts see this consolidation as only a temporary
setback in the metal's climb to $600/oz.
2-7-06 -- "That 3.5% gold correction buyers hope for" -LISTEN
Gold prices closed down $19.50 on Tuesday, a 3.5% correction, to $550/oz
giving back part of the 10% price rise in January. Falling oil prices
and a lack of fresh impetus prompted investors to lock in profits,
dealers said. Silver closed down $.38 to $9.34/oz. Yes, this is the
correction buyers have been hoping for!
2-6-06 -- "2/3 of traders and analysts advise buying gold" -LISTEN
Gold traded near its highest level in 25 years on Monday as tensions over
Iran's nuclear ambitions lifted oil prices. Gold closed up up $3.10 to
$570.20/oz, silver closed up $.01 to $9.72/oz. Twenty of 29 traders, investors
and analysts surveyed from Sydney to Chicago advise buying gold this year.
2-3-06 -- "Metals consolidate, gold up $9 this week" -LISTEN
Precious metal prices backpedaled Friday as the dollar rallied on upwardly
revised payroll numbers and a fall in the unemployment rate, which reinforced
expectations for higher U.S. interest rates. Gold closed down $4.80 to $567.40/oz
silver closed off $.11 to $9.71/oz. Gold ended the week with a $9/oz gain.
Read more about it at swissamerica.com.
2-2-06 -- "Gold aiming at $600 near term" -LISTEN
Gold pushed to a new high Thursday as tensions over Iran's nuclear
program and firm oil prices drove investors to take refuge in the haven
of precious metals. Gold closed up $2.70 to $572.20, silver up $.06
to $9.82. Dealers see gold aiming to reach $600 in the near term.
Get up to speed on the gold rush at swissamerica.com.
2-1-06 -- "Metals Hold Up Under Fund Profit-Taking" -LISTEN
Heavy fund selling caused gold prices to pull back early Wednesday, but by the end
of the day traders rushed back in to buy the dips in New York. Gold closed
down $1.20 to $569.50, silver slipped $.07 to $9.76/oz. With Greenspan now
in retirement, what does he have to say about gold? Read more at swissamerica.com.








