9-29-06 -- $600 gold, what next? -LISTEN
Gold prices inched below $600/oz. Friday on lower oil and a firmer
dollar after fresh government economic data lowered the prospect
of a Fed interest rate cut anytime soon. Gold closed in NY down $6.40
to $598.70/oz, silver fell $.20 to $11.41/oz. For the week gold added
1.5 percent, while silver gained 2.3 percent. "After going straight
up following a bottoming around $570, gold is deservingly taking a breather
today," said gold analyst Peter Grandich.
9-28-06 -- Gold inches over $600 -LISTEN
Gold traded above $600/oz. for a second day on Thursday after
a gain in crude oil prices increased its appeal as a hedge
against inflation. Crude oil posted its biggest gain in six
months yesterday, pushing gold above $600 for the first time
since Sept. 11. Gold closed in NY up $7.50 to $605.10/oz,
silver rose $.04 to $11.61/oz. Next major stop for gold: $625/oz.
9-27-06 -- Gold nears $600 -LISTEN
Precious metals rose again Wednesday on oil volatility and a
weaker dollar after durable goods came in lower than expected.
Gold closed in NY up $6.50 to $597.60/oz, silver rose $.21 to
$11.57/oz-- a two-week high. "There is still time for new gold
bugs to invest ... there are no signs of an investment mania
associated with a market top," reports AME.
9-25-06 -- Oil falls, metals firm -LISTEN
Precious metals prices inched higher Monday despite oil
weakness and the dollar strength. Last week strong demand
and a weaker dollar increased the appeal of the bullion
as an inflation hedge. Gold closed in NY up $1.00 to $590.20/oz,
silver rose $.02 to $11.17/oz. "Gold’s bull market remains in
force and that’ll continue as long as gold stays above $545/oz.,"
says The Aden Forecast.
9-22-06 -- Metals rise for day, week -LISTEN
Precious metals gained for a third day on Friday as a weaker dollar
increased the appeal of the bullion as an inflation hedge
and an alternative investment. The dollar hit two-week lows
after data from the Philadelphia Fed reawakened fears of
a major U.S. slowdown. Gold closed in NY up $6.60 to
$589.20/oz, silver rose $.06 to $11.15/oz. Adding
gold to a portfolio will increase the return and decrease risks,
according to a new World Gold Council report.
9-21-06 -- Metals: wise buying dips -LISTEN
Precious metals inched higher Thursday as bargain-hunting and
jewelry buying was balanced with speculation central banks in
Europe may makes sales of the precious metal before a Sept.
26 deadline. Gold closed in NY up $2.40 to $582.60/oz, silver
rose $.09 to $11.09/oz. A weaker dollar following unchanged
Fed rates and firming oil prices also supported metals. Adding
gold to a portfolio will increase the return and decrease risks,
according to a new World Gold Council report.
9-20-06 -- Metals: Buying the dip -LISTEN
Precious metals rebounded Wednesday ahead of the Fed's rate
decision. Bargain-hunting and jewelry buying propelled the
market after touching 3-month lows this week. Gold closed in
NY up $3.20 to $580.20/oz, silver rose $.20 to $11.00/oz. Adding
gold to a portfolio will increase the return and decrease risks,
according to a new World Gold Council report.
9-19-06 -- Metals fall on profit-taking -LISTEN
Precious metals fell Tuesday on profit-taking, slowing inflation
and housing data after rebounding sharply Monday. Analysts said
concerns over waning jewelry demand weighed on traders outlook.
Gold closed in NY down $9.00 to $577.00/oz, silver fell $.35 to
$10.80/oz. Gold is presently in trading range between $575 and $600/oz.
9-18-06 -- Metals bounce-back! -LISTEN
Precious metal prices bounced back on Monday as investors
went bargain-hunting on speculation that a two-week slide
was overdone. Gold closed in NY up $8.70 to $586.00/oz, while silver
jumped $.43 to $11.15/oz. Gold is up 27 percent year-over-year,
while silver is up 52 percent as of today's close. Craig Smith's advice following the 9-11 sell-off...
9-15-06 -- Metals steady with oil -LISTEN
Precious metals steadied near 3-month lows Friday after the government
reported the August consumer price index increased 0.2% due to
weaker energy and housing. Gold closed down $2.00 to $577.30/oz,
while silver fell $.05 to $10.72/oz. For the week gold shed 5.5
percent, but remains up 27 percent y/y. Silver fell 13.1 percent, but
up 52 percent y/y.
9-14-06 -- Metals slip on oil, slowdown -LISTEN
Precious metals traded sharply lower Thursday as commodities declined
and central banks stepped up gold sales. Gold closed down $9.60 to
$579.30/oz, while silver fell $.29 to $10.77/oz. Gold prices could
pass $700/oz by year-end said a key metals consultancy today, but
a severe downturn could sink the price of gold and other commodities. Craig Smith's advice following the 9-11 sell-off...
9-13-06 -- Gold's bull-run not over -LISTEN
Precious metals drifted higher in NY trading Wednesday on bargain-hunting
along with a crude oil rebound. Gold closed up $1.40 to $588.90/oz,
while silver rose $.06 to $11.06/oz. "While some are calling the current
correction the end of gold's bull-run, little has changed in the
longer-term fundamentals that make gold a viable safe-haven," reports
Thebulliondesk.com. Craig Smith's advice following the 9-11 sell-off...
9-12-06 -- Metals drift lower with oil -LISTEN
Precious metals rebounded in early trading Tuesday on bargain-hunting then
drifted lower into the NY close on fresh oil weakness and dollar strength.
Gold closed down $3.10 to $587.50/oz, while silver fell $.08 to $11.00/oz.
Craig Smith's advice following the 9-11 sell-off: "Relax, the world is still
full of financial risks and owning gold offers peace of mind. Buy the dips!"
9-11-06 -- Gold under $600 is a buy! -LISTEN
The combination of speculative liquidation, chart-based selling, dollar
strength and lower crude oil sent the precious metals sharply lower on
Monday. Gold fell back under $600/oz. for the first time since June 30th,
closing down $19.10 to $590.60/oz, while silver fell $1.05 to $11.08/oz.
"The selling in the last few sessions has all the earmarks of central bank
selling," said Peter Grandich, editor of the Grandich Letter. Visit swissamerica.com for a complete summary of the 13th Annual Las Vegas Hard Asset Conference last week.
9-8-06 -- Metals fall on dollar, oil -LISTEN
Gold prices touched a one-week low Friday on speculative selling following a stronger dollar and lower oil prices. Dealers said the metal might decline further on technical selling, but if gold touches the $600 level it may prompt bargain-hunting buyers. Gold closed in NY down $8.40 to $609.70 while silver shed $.43 to $12.13/oz. Visit swissamerica.com for a complete summary of the 13th Annual Las Vegas Hard Asset Conference this week.
9-6-06 -- Vegas Hard Asset Conference -LISTEN
If ever there was a perfect time to rebalance your portfolio with hard commodities, this is it. The 13th annual Las Vegas Hard Assets Investment Conference, this year at the Mandalay Bay Resort, is a must-attend event for both experienced and new resource investors. Profit in the new economy as gold, silver metals and energy hit decade-highs. Wednesday hear keynote Craig R. Smith, noted author on oil economics and gold investing discuss "Oil, Gold and the Iranian Wildcard." Thursday, Sep 7th hear keynote speaker John Dizard, weekly columnist for the London Financial Times and former gold bear turned bull.
9-5-06 -- Metals surge on investor demand -LISTEN
Precious metals surged Tuesday on strong physical demand as investors returned from summer vacations and jewelers stock up ahead of seasonal buying in India, shugging off lower oil prices and a firmer dollar. Gold closed in NY up $14 to $638.40/oz., a 3-week high, while silver closed up $.05 to $12.97/oz., a three-month high. "Chevron's big oil find in the Gulf validates our argument in "Black Gold Stranglehold", Craig R. Smith told WND.com today ... 1 day to Vegas Gold Conference ...
9-1-06 -- Metals bounce into Sept
Gold prices closed near flat line on Friday in thin, pre-holiday trading
as unspectacular job and wage growth data supported the view that the Fed
may stay on the sidelines at its next meeting on Sept. 20th. Gold inched
down $.60 to $624.40/oz. -- but up $3 for the week, while silver added $.11
to $12.92/oz. -- up $.59 for the week. The markets are closed Monday for Labor Day. Year-over-year gold is up 45%, silver is up 91%! ... 5 days to Vegas Gold Conference ...
