3-31-06 "March: Gold +$20/oz, Silver +$1.75/oz" -LISTEN Precious metals eased on Friday on a stronger dollar and lower oil prices, after hitting new multidecade highs Thursday. Gold closed down $4.30 to $581.50 but is up $20/oz. in March. Silver closed off a nickel to $11.49/oz., but is up $1.75/oz. in March. "Gold is clearly headed for $600 soon, but next week we may see a price correction -- the sign of a healthy bull market," says Craig R. Smith.
3-30-06 "Are metals really at multi-decade highs?" -LISTEN
Gold raced to a new 25-year high on Thursday, and silver jumped to
a new 22-year high as fund managers pumped more money into commodities,
higher oil prices and a weaker dollar also fueled the rise. Gold closed
up $12.70 (over 2%) to $585.80/oz. and silver jumped up $.47 (over 4%) to
$11.54/oz. "Metal prices are still a bargain after subtracting inflation" says Craig R. Smith.
3-29-06 "Gold approaches $575 ... Silver tops $11/oz!" -LISTEN
Precious metals moved sharply higher on Wednesday after taking a
breather following the Fed's widely-expected rate rise. Silver prices lept
over 11/oz. for the first time since early 1983, closing up $.23 to $11.07/oz.
gold closed up $6.50 to $573.10/oz. Despite the potential impact of higher U.S.
interest rates, gold is well placed to test February's 25-year high of $575/oz.
3-28-06 "Precious metals stable ahead of Fed rate bump" -LISTEN
Renewed fund buying, a weaker dollar and higher oil prices kept precious metals
in an upward groove on Tuesday, before the Fed's announced it's 15th interest rate
hike to 4.75%. Gold closed down $.20 to $566.60/oz. Silver closed off 2 cents
to $10.84/oz after reaching for new highs earlier. Year over year, gold bullion is
up now 30%, silver is up 61%.
3-27-06 "Metals rise, dollar falls, FED rate hike prelude" -LISTEN
Precious metals rose to three-week highs on Monday as a weaker dollar boosted the
appeal of bullion as an alternative investment. Gold closed up $6.60 to $566.80/oz.
and silver jumped another 17 cents to $10.87/oz. Eighty-eight of the 90 economists
surveyed expect a quarter-point increase to 4.75 percent tomorrow. Traders are likely
to sell the dollar unless the Fed speaks out on faster growth.
3-24-06 -- "Gold plays catch up with silver, housing sinks" -LISTEN
Gold prices rose sharply on Friday on a mixed dollar and higher oil prices.
Gold shot up $9.70 to close at $560.20/oz, while silver added 4 cents to close at $10.69/oz.
Traders say gold, which has lagged silver recently, played catch up today and may soon test the
the February 2006 high of $575/oz. Meanwhile, sales of new homes dropped 10.5 percent in February,
the most in nine years -- sending shivers down Wall St.
3-23-06 -- "Gold hovers, silver surges... Morgan buying op!" -LISTEN
Gold prices hovered on Thursday after substantial gains in recent sessions,
on a mixed dollar and higher oil prices. Meanwhile, silver prices hit fresh
22-year highs on growing speculation over a new silver ETF. Gold closed down
$.10 to $550.50/oz, silver moved up $.18 to $10.65/oz. Since 2001, Investment
-Grade Morgan Silver Dollars have risen over 72%! Great Buying Op!
3-22-06 -- "Gold to outperform equities -Merrill Lynch" -LISTEN
Precious metal prices eased sightly on Wednesday but analysts see $12
silver coming soon based on growing interest in the new silver ETF. Gold closed
down $1.50 to $550.60/oz, silver was off a cent to $10.47/oz. Gold should outperform
equities over the next few years, say technical analysts at Merrill Lynch & Co.
because the ratio of the Dow to the price of gold is declining.
3-21-06 -- "Silver jumps after ETF approved by SEC" -LISTEN
Gold prices eased Tuesday on a stronger U.S. dollar and falling
oil prices but silver prices surged on news the SEC has approved
rule changes that will allow the American Stock Exchange to list shares
in Barclays ETF (iShares Silver Trust). Gold closed down
$3.20 to $552.10/oz, silver closed at $10.48/oz, up 15 cents.
3-20-06 -- "Bloomberg survey: 57% agree "Buy gold!" -LISTEN
Gold prices rose again on Monday for the 2nd week supported by a weaker
US dollar and investor concern about the Iraq war and Iran's nuclear ambitions
also helped support the market. Gold closed up $1.30 to $555.30/oz, silver was
unchanged at $10.33/oz. Fifty-seven percent of traders, investors and analysts
surveyed by Bloomberg last week advised buying gold.
3-17-06 -- "St. Patrick's Day: Metals stabiize, stocks reach" -LISTEN
Gold prices stablized on Friday, after gaining $14, or 2.5% this week. Silver
hit a fresh 22-year high amid hopes a proposed exchange-traded fund will be launched
soon. Gold closed down $.40 to $554.00/oz. Silver added 3 cents to $10.33/oz. Meanwhile,
despite record U.S. debt, stocks are reaching for new highs, but analysts say stocks
are now at the top end of their trading range.
3-16-06 -- "Gold rises on "tame" inflation, record debt" -LISTEN
Gold prices moved higher Thursday on a weaker dollar and higher oil prices --
for a gain of $14 an ounce over the past four days. Analysts remain upbeat
about the precious metal's ability to reach the $600 level. Gold closed up
$1.30 to $554.40/oz. Silver lost a penny to close at $10.30/oz. The Senate voted Thursday to allow the national debt
to swell to nearly $9 trillion, to prevent a default on U.S. Treasury notes.
3-15-06 -- "Gold rises again... foreigners shun U.S. debt" -LISTEN
Precious metals rose Wednesday for a third day on concern weaker economic
data may prompt the Fed to stop raising interest rates, boosting gold's
appeal as an alternative investment. Gold closed up $1.50 to $553.10/oz.
Silver closed up a dime to $10.31/oz. A Treasury report showed foreign purchases of U.S. securities were
short of the amount needed to finance the trade deficit.
3-14-06 -- "Metals up... $62 oil sparks inflation fear" -LISTEN
Precious metals rose again Tuesday, tracking downward moves in the dollar and
higher crude oil prices on renewed concerns over Iran's uranium enrichment
program, along with other geopolitical tensions. Gold closed up $5.60 to
$551.60, silver added 8 cents to close at $10.21/oz. Oil above $62
a barrel is stoking concern that rising energy costs will fuel inflation.
3-13-06 -- "Metals rebound ... Affluent missing gold rush!" -LISTEN
Precious metal prices rose Monday on speculative and consumer buying with
a weaker dollar offering support after touching a 2-month low on Friday.
Gold closed up $6.70 to $546.20, silver added 20 cents to $10.13/oz.
A new Bloomberg/Los Angeles Times poll found "60% of affluent investors expect
portfolio returns over 10 percent in 2006"... without gold!
3-10-06 -- "Gold dip offers new investors great buying op" -LISTEN
Gold prices dipped to a 2-month low on Friday as stronger-than-expected
employment data gave a lift to the U.S. dollar. Gold closed down $5.60
to $539.90, silver shed a penny to $9.93/oz. Analysts view this latest
correction as normal and healthy in a secular or long-term bull market.
Price corrections offer new investors a great buying opportunity.
3-9-06 -- "U.S. deficits igniting gold as alternate currency" -LISTEN
Precious metals rebounded Thursday on dollar weakness,
physical buying and bargain hunting. Gold closed up $2.90 to $545.50/oz.
and silver closed up 13 cents to $9.94/oz. "The economic nightmares of U.S
budget and trade deficits will ignite gold as the number-one alternative
currency to own", says Peter Grandich, of the Grandich Letter.
3-8-06 -- "Metals market correction -- Smart money buying!" -LISTEN
Precious metals fell again Wednesday on continued selling by funds and falling oil
prices, but physical buying and bargain-hunting supported the market at the close.
Gold closed down $10.10 to $542.60/oz, Silver slipped $.27 to $9.81/oz. Analysts
view this correction as normal and healthy in a secular bull market. In fact, smart
money always buys during a market correction.
3-7-06 -- "$2,000 Gold by 2010! The Currency Alternative" -LISTEN
Gold prices moved lower Tuesday on a firmer dollar, softer oil prices and
growing confidence a compromise over Iran's nuclear program can be found.
Gold closed down $2.50 to $552.70/oz. Silver closed up a dime to $10.08/oz.
"Gold prices may reach $2,000 an ounce by 2010 on demand for an alternative
to currencies", U.S. Gold Corp. CEO said today.
3-6-06 -- "Metals consoldate, but fundamentals strong" -LISTEN
Gold and silver prices fell Monday on profit taking. A stronger dollar,
better-than-expected US data and lower oil prices also wieghed on the
precious metals markets. Gold closed off $10.60 to $555.20/oz, silver
closed off 20 cents to $9.98/oz. Smart investors and traders will buy
this dip, as the fundamentals strongly favor higher prices in 2006.
3-3-06 -- "Metals rise on uncertainty and fundamentals" -LISTEN
Gold prices retreated from a one-month high Friday, but ended the week with
a gain of $7, as traders and investors took refuge from the uncertainty
in other financial markets. Gold closed down $2.50 to $565.80/oz. Silver
rose $.03 to $10.18/oz after topping $10/oz. for the first time in two decades
Thursday on the news of a silver exchange traded fund coming this month.
3-2-06 -- "Gold skips up, Silver jumps over $10/oz!" -LISTEN
Gold priced jumped back near $570/oz. on Thursday, while silver lept
to over $10/oz. on a weaker dollar, higher oil prices and safe haven
buying. Gold closed up $5.10 to $568.50, silver closed up 41 cents
to $10.15/oz. Ananlysts and traders say once gold breaches $572 it
could easily run to $600/oz.
3-1-06 -- "Gold up, Marketwatch sees Golden Op" -LISTEN
Gold extended gains on Wednesday supported by a rise in oil prices
and the dollar's weakness versus the euro. Gold closed up $1.90 to
$563.40/oz. Marketwatch.com commentator Kevin Kerr sees a "Golden
Opportunity" saying, "If your thing is to hold the actual gold in
your hand then numismatics (coins) or bullion are the way to go."








