Gold Coin News & Trends

Daily Golden Minute
Posted M-F 6pm ET

5-12-08 -- Gold steady on weak buck -- LISTEN
Monday gold prices steadied on a weaker dollar and lower oil prices. Gold closed in NY down $1.80 to $882.20/oz., silver rose $.34 to $17.13/oz. "The dollar is in a major bear market, and is losing purchasing power because of debasement and inflation. Continue to avoid it. Hold gold and/or silver instead, which remain in clear uptrends," reports James Turk at Goldmoney... FULL story (1,000's of news links)...

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Swiss America clients speak about their experiences learning and earning... (Watch 3:00)

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Latest Feature Commentary
What happened to $1,000 gold?
5-1-08 -- Buy-the-dip opportunity’ in progress -- By Craig R. Smith, CEO Swiss America -- The recent pullback in the price of gold has sparked a slew of inquires as to just what precipitated the drop and if this is the end of the bull market in gold. My analysis of the current market activity... more...

Commodity sell-off: bullish or bearish?
3-24-08 -- Commodity prices fell sharply last week as the same speculative investment funds which drove oil and gold prices to record highs on Monday decided to take profits, sending prices down 9% for the week. The gold bulls view this correction as a chance for investors, who feel they have missed the boat, to jump on board... more...

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Golden Minute Archives...
5-9-08 -- The great strength of gold

5-8-08 -- Gold's "win-win situation" -- LISTEN
Thursday gold prices rose 1.75% as the dollar fell and oil headed above $123. Gold closed in NY up $15.20 to $883.00/oz., silver rose $.23 to $16.83/oz. "Gold is in a 'win-win' situation. If the Fed is successful at turning the economy and credit crisis around, it will only be because it flooded the system with paper dollars. If not, the plunging dollar would cause investors to flock to gold," reports Money&Markets...

5-7-08 -- Gold eases despite record oil -- LISTEN
Wednesday gold prices fell on a dollar bounce despite $123 oil prices. Gold closed in NY down $7.80 to $867.80/oz., silver fell $.24 to $16.60/oz. "Gold’s downturn and the corresponding easing of worries about the financial system are temporary. Events always trump psychology at some point. First investors return to gold – then we’ll see newcomers fleeing toward it," reports Daily Reckoning...

5-6-08 -- Inflation fears boost gold -- LISTEN
Tuesday gold prices rose above $875/oz. as the dollar fell and oil prices climbed above $120. Gold closed in NY up $1.60 to $875.60/oz., silver rose $.15 to $16.84/oz. "Seasonally strong physical demand should continue to provide a good base for gold, and with oil prices setting fresh records investors may increase gold holdings as a hedge against inflation," said James Moore of TheBullionDesk...

5-5-08 -- $875 gold on bargain hunting, $120 oil -- LISTEN
Monday gold prices rose near $875/oz. on bargain hunting as the dollar fell and oil rose sharply. Gold closed in NY up $18.40 to $874.00/oz., silver rose $.33 to $16.69/oz. "Oil prices surged to a new record over $120 a barrel, raising concerns about higher prices for gasoline and goods and services throughout the economy," reports AP...

5-2-08 -- $850 gold "keeps its luster" -- LISTEN
Friday gold prices rose above $850/oz. as upbeat economic data boosted the buck and oil prices rose. Gold closed in NY up $3.40 to $855.30/oz., silver rose $.21 to $16.36/oz. "Gold will keep its luster amid uncertainty. The fundamental laws of supply and demand as well as gold's role as an inflation hedge are major factors," reports Citywire...

5-1-08 -- $850 gold on dollar rebound -- LISTEN
Thursday gold prices fell near $850/oz. on fund selling as the dollar rose and oil fell. Gold closed NY down $24.70 to $851.90/oz., silver fell $.69 to $16.15/oz. "Traders noted a lack of buying coming in to support the gold market, with much of Europe out for May Day celebrations, following holidays in China and Hong Kong overnight," reports DowJones...

4-30-08 -- Metals: up day, down month -- LISTEN
Wednesday gold prices rose above $875/oz. after the Fed cut rates a quarter point to help stimulate the economy. Gold closed in NY up $5.90 to $876.60/oz., silver rose $.32 to $16.84/oz. For the month gold prices gave back 4.5%, while silver fell 6%. "Substantial selling from ETFs over the past week has driven the gold downturn," said John Reade at UBS...

4-29-08 -- $870 gold at 3-month low -- LISTEN
Tuesday gold prices fell 2.5% on lower oil prices and a firmer dollar ahead of the Fed. Gold closed in NY down $22.50 to $870.70/oz., silver fell $.47 to $16.52/oz. "Crude oil fell more than $3 a barrel after BP restarted a North Sea oil pipeline and as the dollar strengthened, reducing the appeal of commodities to investors," reports Bloomberg ...

4-28-08 -- $895 gold, 29% to save rebates -- LISTEN
Monday gold prices rose near $895/oz. on rising oil prices and a weaker dollar ahead of the Fed decision on Wednesday. Gold closed in NY up $7.20 to $893.20/oz., silver rose $.15 to $16.99/oz. Tax rebates are being deposited, but "a recent survey stated that only 17% are planning to spend their rebate, while 29% plan to save it and 54% plan to pay down debt," Swiss America CEO Craig Smith told FOX's Neil Cavuto...

4-25-08 -- Gold steady ahead of Fed -- LISTEN
Friday gold prices steadied near $885/oz. on rising oil prices and a firmer dollar. Gold closed in NY down $1.40 to $885.20/oz., silver rose $.10 to $16.84/oz. The U.S. dollar's rebound flatten on Friday as traders mulled over buck's prospects following the April 30th FED meeting and statement. Will interest rate cuts extend beyond the widely anticipated .25% cut next Wednesday? Stay tuned...

4-24-08 -- Gold retreats, buyers should advance -- LISTEN
Thursday gold prices fell below $900/oz. on a stronger dollar and $116 oil prices. Gold closed in NY down $17.30 to $886.60/oz., silver fell $.27 to $16.74/oz. "This pullback in gold will produce the same result as the previous five major corrections since 2001; a great buying opportunity. If you haven't participated in the greatest gold bull ever, it's not too late," said Swiss America CEO Craig R. Smith...

4-23-08 -- $900 gold on dollar bounce -- LISTEN
Wednesday gold prices fell near $900/oz. on a stronger dollar and $118 oil prices. Gold closed in NY down $12.30 to $903.90/oz., silver fell $.50 to $17.01/oz. The U.S. dollar rebounded as traders mulled over buck's prospects following the next FED meeting and whether interest rate cuts will extend beyond the widely anticipated .25% cut next Wednesday...

4-22-08 -- Gold unmoved by dollar fall, $120 oil -- LISTEN
Tuesday gold prices steadied despite a weaker dollar and $119+ oil prices. Gold closed in NY down $.90 to $916.20/oz., silver rose $.09 to $17.51/oz. "While the dollar continues to weaken, lately gold has stopped responding to this weakness. If the April 30th FED statement suggests that this cut is the last one for a while the markets may see it as dollar supportive," reports FXStreet...

4-21-08 -- Gold steady amid profit-taking -- LISTEN
Monday gold ended the day flat despite a lower dollar and higher oil prices. Gold closed in NY up $.90 to $917.10/oz., silver fell $.42 to $17.42/oz. In the short term, "gold looks set to spend more time in the $900 to $930 area as speculators continue to take profit in order to increase their cash liquidity," wrote James Moore, an analyst at TheBullionDesk.com...

4-18-08 -- Gold dips 1% for the week -- LISTEN
Friday gold prices fell sharply as the dollar rebounded and oil prices rose to $116. Gold closed in NY down $23.10 to $916.20/oz., down 1% for the week. silver fell $.40 to $17.84/oz. "Gold prices stabilized during the latter part of today's session. We did see some good physical buying on the way down," said Andrew Montano, director of precious metals at Scotia Mocatta to Dow Jones...

4-17-08 -- Gold retreats, GATA advances to D.C. -- LISTEN
Thursday gold prices eased back as the dollar bounced off historic lows and oil hovered near $115. Gold closed in NY down $6.20 to $939.30/oz., silver fell $.06 to $18.24/oz. The "GATA Goes to Washington: Anyone Seen Our Gold?" conference in Washington, D.C. began today and will run through April 19th. GATA will feature presentations and panel discussions with leading figures in the currency and monetary metals markets...

4-16-08 -- Dollar flight, oil and gold spike -- LISTEN
Wednesday gold prices rose nearly 2% as the dollar marked historic lows and oil prices topped $115 a barrel. Gold closed in NY up $16.80 to $945.50/oz., silver rose $.45 to $18.30/oz. "The dollar sank to an all-time low against the euro with U.S. inflation at the wholesale level coming in three times as high as expected in March, on top of escalating food and energy prices," reports CNN...

4-15-08 -- Gold rises with inflation -- LISTEN
Tuesday gold prices rose on $113 oil prices despite a higher dollar. Gold closed in NY up $4.40 to $928.70/oz., silver rose $.14 to $17.85/oz. "Higher costs for food and energy pushed the U.S. producer price index to surge 1.1% in March, the Labor Department said, in a result that far exceeded analysts' expectations" reports MW...

4-14-08 -- Gold steady, food inflation 4% plus -- LISTEN
Monday gold prices traded near flatline on a weaker dollar and $111 oil prices. Gold closed in NY down $.60 to $924.30/oz., silver fell $.03 to $17.71/oz. "U.S. food prices rose 4% in 2007, compared with an average 2.5% annual rise for the last 15 years, according to the U.S. Department of Agriculture. And the agency says 2008 could be worse, with a rise of as much as 4.5%," reports AP...

4-11-08 -- Gold rises despite IMF fears -- LISTEN
Friday gold eased back on a weak dollar and $110 oil prices. Gold closed in NY down $4.30 to $925.10/oz., but rose over 1% for the week. Silver fell $.21 to $17.74/oz., ending the week flat. "The IMF has thrown a measure of uncertainty back into the gold market. Faced with a budget shortfall of about $140 million, the IMF plans to sell 12% of its gold reserves, or about 403 tons" reports Moneynews.com ...

4-10-08 -- Gold dips on dollar bounce -- LISTEN
Thursday gold prices gave back part of yesterday's over 2% gain on a firmer dollar and $110 oil. Gold closed in NY down $4.60 to $929.40/oz., silver fell $.22 to $17.95/oz. "Despite today's weakness in gold prices, the market remains strongly biased to the upside at this point," said Zachary Oxman, senior trader at Wisdom Financial...

4-9-08 -- Gold gushes on record oil prices -- LISTEN
Wednesday gold prices were pushed higher on a weaker dollar and record $112 oil prices. Gold closed in NY up $18.60 to $934.00/oz., silver rose $.50 to $18.17/oz. "The price of gold can very well reach $1,100 an ounce this year or early 2009, the London-based consultancy group GFMS said Wednesday in its latest survey of the gold market..."

4-7-08 -- Gold rises, greatest value today -- LISTEN
Monday gold prices rose on a soft dollar and $108 oil prices. Gold closed in NY up $6.50 to $920.20/oz., silver rose $.31 to $18.05/oz. "I see the greatest value in the gold market today in early American $20 gold coins and U.S. Gold Commemorative coins. This area of the gold market has incredible strength and is overdue for a big increase," reports Craig R. Smith, Swiss America CEO...

4-4-08 -- Gold rises on soft dollar -- LISTEN
Friday gold prices rose over 1% on a weak jobs report, a soft dollar and higher oil prices. Gold closed in NY up $10.50 to $913.80/oz., silver rose $.41 to $17.74/oz. "There have been five prior 'corrections' to the current long-term gold bull market which began in 2001. After each correction analysts claimed the 'gold bubble' had burst and they've been wrong every time," said Swiss America CEO Craig R. Smith ...

4-3-08 -- Gold holds above $900, Fed stink -- LISTEN
Thursday gold held above $900/oz. on a weaker dollar and flat oil prices. Gold closed in NY down $.70 to $903.30/oz., silver rose $.12 to $17.33/oz. "The Fed has taken onto its balance sheet $30 billion in smelly collateral from Bear Stearns which will end on the shoulders of the US Treasury, on the backs of US citizens and dollar holders all over the world," reports Daily Reckoning...

4-2-08 -- Gold back above $900/oz. on weak buck -- LISTEN
Wednesday gold prices rose over 2% on bargain hunting, a weaker dollar and higher oil prices. Gold closed in NY up $20.50 to $904.00/oz., silver rose $.35 to $17.21/oz. Swiss America CEO Craig R. Smith discussed getting rid of the Federal Reserve on the Fox News's "Your World" with Neil Cavuto today, saying "The Federal Reserve has proven over and over that they are against free markets," Watch it! ...

4-1-08 -- Metals tumble to 2-month lows, BUY!! -- LISTEN
Tuesday gold prices fell over 3% below $900/oz. on profit taking, a stronger dollar and higher oil prices. Gold closed in NY down $32.30 to $883.50/oz., silver fell $.35 to $16.86/oz. "During the last major gold correction in 2006 gold prices stepped back 24%, then proceeded to nearly double in less than two years. My advice remains the same as it was in 2006: R e l a x!" said Swiss America CEO Craig R. Smith...

3-31-08 -- Metals outshine stocks again in '08 -- LISTEN
Monday gold prices fell over 1.5% on profit taking as the first quarter ended. Gold closed in NY down $15.20 to $915.70/oz., silver fell $.67 to $17.21/oz. Gold prices ended up with a 9% gain in the first quarter of 2008 while the Dow sank nearly 8% as investors sought safe havens from a declining dollar, rising inflation, the housing slump and ongoing credit crisis. Silver is up 14% ytd...

3-28-08 -- Gold +2%, silver +6% for week -- LISTEN
Friday gold prices fell back on a firmer dollar and lower oil prices. Gold closed in NY down $16.60 to $930.90/oz., silver fell $.43 to $17.88/oz. For the week, gold regained 2% of last week's 9% decline, silver added 6%. "The current environment for gold couldn't be better," reports DailyReckoning. "The 200-year commodity cycle, in which bull market upmoves have averaged between 17-22 years, is currently only seven years old," reports AdenForcest...

3-27-08 -- Economy sputters, gold chugs along -- LISTEN
Thursday gold prices dipped on profit taking, a firmer dollar and $107 oil. Gold closed in NY down $6.50 to $947.50/oz., silver fell $.10 to $18.31/oz. "The dollar clawed back ground but confidence in the US currency remains weak," says AFP. "The economy nearly sputtered out at the end of the year and is probably faring even worse now," says AP ...

3-26-08 -- Gold jumps back above $950/oz. -- LISTEN
Wednesday gold prices rose over 1.5% on continued bargain hunting, a sharply weaker dollar and $106 oil. Gold closed in NY up $15.50 to $954.00/oz., silver rose $.50 to $18.41/oz. So far this week gold has recouped half of last week's 9% decline, rising 4.5% since Monday. "In the coming weeks and months, negative dollar sentiment will remain a key driving force behind gold's bull trend," said James Moore, analyst at TheBullionDesk.com...

3-25-08 -- Metals shine as dollar slides -- LISTEN
Tuesday gold prices rose over 2.5% on bargain hunting, a sharply weaker dollar and $101 oil prices. Gold closed in NY up $24.10 to $938.50/oz., silver rose $.92 to $17.91/oz. "Gold appears relatively cheap compared to oil, holding the potential for gold to more than double to levels where it will regain its long term average relationship," said Tony Lesiak, Analyst at UBS...

3-24-08 -- Bargain hunters buying gold -- LISTEN
Monday gold prices rose on bargain hunting following last week's 9% decline on a higher dollar and lower oil. Gold closed in NY up $4.30 to $914.40/oz., silver rose $.28 to $16.99/oz. "There is still considerable upside left to gold. For most investors, gold should represent a 5 to 10 percent asset allocation," said Thomas Winmill, manager of the Midas Fund...

3-20-08 -- Gold dips 9% this week, BUY!! -- LISTEN
This week gold gave back 9% of recent gains on major fund liquidations, a stronger dollar and $101 oil prices. Gold closed in NY down $32.80 to $910.10/oz., silver slid $1.64 to $16.71/oz. ahead of the 3-day Easter holiday. ahead of the 3-day Easter weekend. "In 2006 gold prices corrected 22%, from $725 to $565/oz. then proceeded to nearly double in less than two years," according to Swiss America CEO Craig Smith. His advice: R e l a x! ...

3-19-08 -- Gold consolidates for 2nd day -- LISTEN
Wednesday gold prices gave back nearly 4% of recent gains, on a higher dollar and lower oil. Gold closed in NY down $38.40 to $942.90/oz., silver fell $1.32 to $18.35/oz. After running nearly 40% since last August, gold has begun to consolidate. "This is a healthy breather and rare opportunity for wise investors to add gold to their portfolio," said Swiss America CEO Craig R. Smith...

3-18-08 -- Gold dips as dollar bounces -- LISTEN
Tuesday gold fell over 2% after the Fed slashed interest rates 3/4 point on profit taking as the dollar bounced and oil prices hit $109 a barrel. Gold closed in NY down $21.50 to $981.30/oz., silver fell $.44 to $19.67/oz. "It looks like investors are taking some money out after this great rally," reports Bloomberg...

3-17-08 -- $1,000 gold holds steady -- LISTEN
Monday gold rose 3% near $1,030/oz. as the dollar tumbled then eased back on profit taking amid stock volatility over today's Fed-induced Bear Stearns buyout. Gold closed in NY up $.30 to $1,002.80/oz., silver fell $.56 to $20.11/oz. "The collapse of once-mighty Bear Stearns is another reminder that the unwinding of the Great Debt Delusion still has a long way to go," reports London Telegraph...

3-14-08 -- Dollar freefall = $1,000 gold -- LISTEN
Friday gold closed above $1,000/oz. for the first time in U.S. history on a record low dollar and $110 oil. Gold ended the week in NY up $7.40 to $1,002.50/oz, while silver rose $.11 to $20.67/oz. "The dollar's freefall continued today with the buck hitting fresh record lows against the euro and falling below parity against the Swiss Franc for the first time ever," said Craig R. Smith...

3-13-08 -- $1,000 gold on inflationary bank rescue -- LISTEN
Thursday gold touched $1,000/oz. on a record low dollar and record high oil! Gold closed in NY up $11.70 to $995.10/oz, silver rose $.55 to $20.56/oz. "People have realized that the central banks are going to have to ignore the inflationary risks to rescue the banking system," said Sean Corrigan, chief investment strategist at Diapason Commodities to Reuters...

3-12-08 -- Gold rises with oil, $1,000/oz next week? -- LISTEN
Wednesday gold rose near $985/oz. as the dollar plumbed historic lows and oil prices rose above $110 a barrel. Gold closed in NY up $10.20 to $983.40/oz, silver rose $.35 to $20.01/oz. "With gold ready to cross $1,000 an ounce following the next Fed rate cut next week, millions of Americans are starting to take notice," said Swiss America CEO Craig R. Smith...

3-11-08 -- Fed boosts liquidity, metals steady -- LISTEN
Tuesday gold prices held steady near $975/oz. on a firmer dollar and $108 oil, closing in NY up $.20 to $973.20/oz, while silver fell $.02 to $19.66/oz. "The Fed is desperately pulling on levers. The Fed intends to stop the meltdown in the only way it can – by pulling on the lever of inflation; that is, by introducing more ‘liquidity’ into the marketplace," reports Daily Reckoning...

3-10-08 -- Gold steady, oil and food zoom -- LISTEN
Monday gold prices held near $975/oz. on a weak dollar and $108 oil. Gold closed in NY up $.60 to $973.00/oz, silver fell $.46 to $19.68/oz. Profit-taking was offset by bargain hunting as investors fell back on gold holdings to increase liquidity and cover equity margin calls. Meanwhile, "prices for bread, milk, eggs, and flour surged at double-digit rates in the past year," reports TheGlobe...

3-7-08 -- Metals firm, bull market intact -- LISTEN
Friday gold prices held near $975/oz. on bargain hunting, a weak dollar and $105 oil. Gold closed in NY down $1.50 to $972.40/oz, silver was unchanged at $20.14/oz. "In a bull market, strength begets strength and that seems to the driving force behind gold's repeated attempt to breach the $1,000 level. With all fundamentals intact, gold should continue to gain in the coming days," said Pradeep Unni, analyst at Vision Commodities to Reuters...

3-6-08 -- $975 gold, $20 silver, public unaware -- LISTEN
Thursday gold prices dipped below $975/oz. on profit taking, a weak dollar and $105 oil. Gold closed NY down $15.40 to $973.90/oz, silver fell $.65 to $20.14/oz. "The great gold bull has broken free of its chains. The US public is unaware of the great phenomenon playing out before their eyes. Somewhere ahead, the US public will enter the bull market," reports Richard Russell of DowTheoryLetters...

3-5-08 -- Dollar down, gold crests $1,000 -- LISTEN
Wednesday gold rose $25/oz. to $990/oz. on bargain hunting, a weak dollar and $104 oil. Gold closed NY up $25.00 to $989.30/oz, silver rose $1.04 to $20.79/oz. "Base metals, precious metals, grains, oil and even orange juice prices are soaring to record highs, despite a steady drumroll of grim economic news emanating from the U.S.," reports FinPost...

3-4-08 -- Metals dip, rare coins to shine -- LISTEN
Tuesday gold fell nearly 2% on profit taking, a weak dollar and $99 oil. Gold closed in NY down $19.20 to $964.30/oz, silver fell $.56 to $19.75/oz. "I think the rare coin market could outperform the bullion market in the years to come ... my favorites are Buffalo gold coins, pre-1933 Liberty gold coins, and Morgan silver dollars," says Shayne McGuire, author of Buy Gold Now...

3-3-08 -- $1,000 gold within striking distance -- LISTEN
Monday gold rose near $985/oz. on a weak dollar and $103 oil prices. Gold closed in NY up $9.20 to $984.50/oz, silver rose $.50 to $20.31/oz. "Gold prices moved within striking distance of $1,000 an ounce, surging to another record after the dollar tumbled to an all-time low and crude oil surpassed its inflation-adjusted high," reports AP ...

2-29-08 -- $975 gold! $20 silver! What next? -- LISTEN
Friday gold rose near $975/oz. on a weaker dollar and $101 oil prices. Gold closed in NY up $4.80 to $974.30/oz, silver rose $.06 to $19.81/oz. In February gold prices have gained over 5%, while silver prices jumped up over 14%. YTD gold is now up 15% and silver is up an amazing 27%. Meanwhile, the Dow skidded nearly 3% for the month and 7.4% YTD ..

2-28-08 -- Metals rushing to historic highs -- LISTEN
Thursday gold rushed to $970/oz. on a weaker dollar and $102 oil prices. Gold closed in NY up $10.60 to $969.50/oz, silver jumped $.48 to $19.75/oz. "President Bush sees no recession, while Fed Chairman Bernanke sees no stagflation, but precious metal prices see inflation, despite weakening U.S. economic data," said Swiss America CEO Craig R. Smith...

2-27-08 -- Gold up 15%, silver up 23% in 2008 -- LISTEN
Wednesday gold prices rocketed above $950/oz. on a falling dollar after January PPI inflation data and $100 oil. Gold closed in NY up $9.60 to $958.30/oz, silver jumped $.56 to $19.27/oz. "Gold is up 15 percent this year as a U.S. housing slump and turmoil in credit markets led the Federal Reserve to lower interest rates when commodities were rising to records," reports Bloomberg ...

2-26-08 -- $950 gold, silver nears $19 -- LISTEN
Tuesday gold prices shot up over 1% on a weaker dollar after a January wholesale inflation rise of 1% pushed oil prices over $100 a barrel. Gold closed in NY up $10.40 to $948.70/oz., silver jumped $.70 to $18.71/oz. "Forget paper money and IOUs. Commodities are the world's new 'currency:' Hard stuff like oil, grains, and metals," reports MarketWatch...

2-25-08 -- Gold dips, silver firms -- LISTEN
Monday gold prices pulled back on profit taking after news the IMF will sell off some of their massive 400 ton gold reserves. Gold closed in NY down $6.30 to $938.30/oz., silver rose $.01 to $18.01/oz "The gold price is being underpinned by production losses and the continuing ‘managed’ devaluation of the US dollar," reports Mineweb ...

2-22-08 -- Gold weekly gain $40/oz., $18 silver! -- LISTEN
Friday gold prices closed below $950/oz. on profit taking. A weaker dollar, $98 oil and rising inflation helped to push prices up 4.5% this week. Gold closed in NY down $1.70 to $944.60/oz., silver rose $.15 to $18.00/oz. for over a 5% weekly gain. "The fight against inflation is being sacrificed in G7 countries to avert a recession, investors are likely to seek gold as an inflation hedge," said Mandy La Grange of Nomura, who forecasts gold to average $1,000 this year, reports FT...

2-21-08 -- Gold touches $950 on rising demand -- LISTEN
Thursday gold prices topped $950/oz. then eased back on a weaker dollar and $98 oil prices following rising inflation. Gold closed in NY up $2.30 to $946.30/oz., silver rose $.05 to $17.85/oz. "There is a real possibility of a spike above $1,000 an ounce...Investor demand is the real driving force behind it," said Daniel Hynes, of Merrill Lynch...

2-20-08 -- Gold eyes $950/oz. on rising inflation -- LISTEN
Wednesday gold prices rose 1.75% on the heels of yesterday's 2% gain on $101 oil and a lower dollar after "hot" CPI inflation data in Jan. Gold closed in NY up $16.30 to $944.00/oz., silver rose $.27 to $17.80/oz. The Fed says it will cut rates more to help the economy, but rate hikes may be needed once growth resumes...

2-19-08 -- $100 oil pushing gold toward $1,000 -- LISTEN
Tuesday gold prices shot up over 2% above $925/oz. on $100 a barrel oil prices for the first time ever on OPEC worries. Gold closed in NY up $21.60 to $927.70/oz., silver rose $.45 to $17.53/oz. Gold demand in China grew 26 per cent in 2007, boosted by booming jewelery consumption, the World Gold Council said Tuesday...

2-15-08 -- Gold/silver backfill, platinum soars -- LISTEN
Friday gold prices eased back near $900/oz, ahead of the President's Day holiday on a weaker dollar and $95 oil. Gold closed in NY down $6.50 to $901.70/oz., silver fell $.16 to $17.06/oz. Platinum shot up another $53 to $2,051/oz. For the week precious metals were down 2%. "Gold may climb to $1,000 by the end of March," say analysts at JPMorgan Chase & Co...

2-14-08 -- $2,000/oz. platinum, gold next? -- LISTEN
Thursday gold prices rose on bargain hunting, a weaker dollar and $95 oil prices. Gold closed in NY up $3.50 to $908.20/oz., silver rose $.01 to $17.22/oz. Platinum hit another record high of $1,998/oz. as news that South Africa's power crisis could persist for years fed fears. With platinum cresting $2,000/oz., can gold be far behind? (Gold prices historically have traded within $150/oz. of platinum prices during the last market peak in 1980.)

2-13-08 -- Gold steady, platinum soars near $2,000/oz. -- LISTEN
Wednesday gold prices eased on profit taking, a flat dollar and higher oil prices. Gold closed in NY down $1.20 to $904.70/oz., silver rose $.06 to $17.21/oz. Platinum hit another record high of $1,986/oz. on supply concerns in South Africa. Swiss America will release their 2008 Real Money Perspectives newsletter; Gold: The Next Stage tomorrow, stay tuned...

2-12-08 -- Metals dip presents buying op -- LISTEN
Tuesday gold prices dipped nearly 2% on a weak dollar and lower oil prices. Gold closed in NY down $16.50 to $905.90/oz., silver fell $.32 to $17.15/oz. Platinum hit another record high of $1,940/oz. on lingering supply concerns in South Africa. "Whenever you see a price dip, all the buyers will jump back in. It's still quite a good investment alternative," said Kwan of Phillip Futures...

2-11-08 -- Gold steady, silver & platinum soar -- LISTEN
Monday gold prices steadied near $925/oz. on a flat dollar and higher oil prices. Gold closed in NY down $.80 to $922.40/oz., silver rose $.29 to $17.47/oz. Platinum hit another record high of $1,935/oz. on supply concerns. "Gold might hit $1,000 and platinum might hit $2,000 by the end of the first quarter," said William Kwan, a dealer at Phillip Futures in Singapore...

2-8-08 -- Metals rise, create investor confidence -- LISTEN
Friday gold prices rose over 1% on a weaker dollar, higher oil prices and supply disruptions in So. Africa. Gold closed in NY up $16.80 to $923.20/oz., silver rose $.44 to $17.18/oz. Meanwhile, the Dow slid on recession worries as investor confidence fell to the lowest on record. Remember: precious metals create investor confidence because their value is not dependent on Wall St. ...

2-7-08 -- Metals to shine in "Year of the Rat" -- LISTEN
Thursday gold prices rose above $900/oz. despite a stronger dollar and volatile oil prices. Gold closed in NY up $5.90 to $906.40/oz., silver rose $.23 to $16.73/oz. The "Year of the Rat" begins tonight on the Chinese calender, soothsayers are calling for lower stocks prices, higher metal prices and lots of economic turmoil ... 2007 was the "Year of the Golden Pig" ... and gold rose 32% ...

2-6-08 -- $900 gold, $1,800 platinum! -- LISTEN
Wednesday gold prices rose 1.5% on safe haven buying, a flat dollar and lower oil prices. Gold closed in NY up $13.90 to $900.50/oz., silver rose $.20 to $16.51/oz. Platinum prices topped $1,800/oz. on supply worries. "Gold has rallied by almost three hundred dollars an ounce since the onset of