Gold

Article Index

Investment News Briefs

By , Money Morning -

AOL Goes It Alone; Citi to Pay Back TARP Funds; Jim Rogers: Audit, Then Abolish The Fed; Goldman Sachs Adopts "Say on Pay" Policy; GE Gets Contract for World's Largest Wind Farm; Weekly Jobless Claims Rise, Trade Gap Narrows; Gold Bounces Back; U.S. Households' Net Worth Gains in Q3

Read More…

Despite Recent Pullback, Gold Prices Are Headed Higher

By , Investment Director, Xcelerated Profits Report -

By Karim Rahemtulla, Investment Director, Xcelerated Profits Report

The big news this week is the sudden pullback for gold prices and gold shares. But while the masses scratch their heads in bewilderment, smarter investors know that it had to happen at some point. Nothing goes up in a straight line without pulling back and this correction actually provides welcome respite.

As for us, we entered the gold market long ago and our positions remain solidly profitable. That's the benefit of using pro strategies to build wealth while mitigating risk and providing a valuable downside cushion.

For example, our strangle trade on Yamana Gold Inc. (NYSE: AUY) finally has a chance of making us money on the short side, as Yamana's recent decline has led to a rise for our put options. This is good, as this is actually the more difficult side of the trade.

Read More…

Three Reasons Commodities Prices Will Continue to Soar in the New Year

By , Money Morning -

[Editor's Note: This report on commodities is part of our "Outlook 2010" series, which chronicles the global-investing outlook for the new year.]

In a Money Morning column last December, I predicted that "commodities may be due for a recovery in 2009." It's always nice to be right, but I have to say the move in some commodities has surprised me. Just look at the performance figures for the 12-month period that ended in mid-November.

When it comes to commodities, most of 2010 will be a reasonably close repeat of 2009. You may think that sounds dull - until you look at the accompanying chart (see chart below) and realize just how much more there is to go.

Although the rally started at an admittedly low point in January, by mid-November it was very clear that commodities were once again in a major bull market. A few commodities have been left out - coal, natural gas and many foodstuffs have experienced lackluster performance - but many of the others (such as the metals, in particular) have had an exceptional year.

Read More…

Investment News Briefs

By , Money Morning -

With our investment news briefs, Money Morning provides investors with a quick overview of the most important investing news stories from all around the world.

Gold Stretches Record Run; GM CEO Henderson Out; Philly Fed Calls For Interest Rate Hike; U.S. Auto Sales Edge Up in November; Chinese Manufacturing Continues to Expand; U.S. ISM Index Shows Slower Growth; Late Auto Payments in the U.S. Rise; The Clock is Ticking for Saab; Staples' Profit, Revenue Beat the Street

Read More…

Don't Miss Out on the Looming Gold Bubble

By , Contributing Writer, Money Morning -

Gold was all the rage again last week. But why is it rising, and does anyone really know what it's worth?

According to the way I calculate momentum, gold has just barely entered the gravity-free zone – where it has the potential to start advancing a lot, with much more fluidity.

And that translates into much higher prices.

Read More…

Why Gold Will Reach a Record $2,000 in 2010

By , Money Morning -

Gold has surged 60% in the past 12months and it’s not letting up. The “yellow metal” is continuing that scorching surge into the last part of the year, establishing new highs on a near-daily basis. In fact, gold established yet another record price yesterday (Wednesday) when it peaked at $1,153.40 an ounce on the New York Mercantile Exchange (NYMEX).
<br And the records are going to keep on coming.

With the U.S. dollar in a freefall and global gold demand rising, analysts say the precious metal will likely continue its bullish trend through at least the first half of 2010. It could rise as high as $2,000 an ounce, which would represent a 73% gain from current record levels.

Read More…

Warning: You May Not be Making as Much on Gold as You Think

By , Chief Investment Strategist, Money Map Report -

Millions of investors who bought gold in the last 12 months are undoubtedly very happy at the moment - considering that the yellow metal has risen 60% since last November to a recent close of $1,138.60 an ounce on Monday.

But chances are good that many won't be smiling when they discover just what the taxman has planned for their gains.

Unbeknownst to most investors, gold is considered a collectible not a capital asset. In plain English, this means that despite the fact that many people believe they are investing in gold, the Internal Revenue Service (IRS) believes that they are collecting it.

Investment News Briefs

By , Money Morning -

"New" GM to Begin Bailout Repayment; Dollar Drops to 15-Month Low, Gold Continues Record Highs; SEC to Investigate Trading Prior to 3Com/HP Deal; Sprint Pays Down Loan, Stock is Upgraded; Canon to Buy Europe's Largest Printer Maker; Hitachi to Raise $4.6 Billion in Stock and Bond Sale; Cisco Ups Bid for Video Conference Equipment Maker; Millions of U.S. Taxpayers May Unexpectedly Owe, Treasury Says

Read More…

The Index That Thrashed the S&P 500

By , Money Morning -

The Standard & Poor’s 500 Index has zoomed 61% from its March 9 lows, lifting investor spirits and fueling confidence in the U.S. economic rebound. But there’s an even hotter index. This one is up 85% from its late-2008 nadir. And it’s tied heavily to companies that produce gold, silver and other commodities – which […]

Read More…

Silver's Run Quietly Gains Momentum

By , Money Morning -

New fears over the U.S. dollar's vulnerability - warranted or not - have been a boon not only to gold prices, but its more affordable inflationary hedge silver. The white metal is up roughly 10% since Money Morning's Sept. 28 analysis of silver with futures trading as high as $17.71 this morning on the New […]

Read More…

Emerging Market Rebound Evidence of a Growing Divide From Developed Nations

By , Contributing Writer, Money Morning -

Stocks in emerging market economies continued their torrid run yesterday (Wednesday), hitting a 13-month high and further separating themselves from developed economies. The MSCI Emerging Market Index rose for the third consecutive session climbing 0.4% to 928.40 -; its highest level in more than a year according to Bloomberg News. "The outlook for emerging markets […]

Read More…

Gold Prices Soar to Record High on Report of Secret Plan to Dethrone the Dollar

By , Money Morning -

Gold prices surged to record high $1,045 an ounce yesterday (Tuesday), after a report surfaced that global oil producers are planning to stop using the U.S. dollar for oil trade. "There's no telling the veracity of these reports, but the general trend has been going in this direction anyway: a weaker dollar and rising gold," […]

Read More…

The No. 1 Way to Profit When Silver Upstages Gold

By , Money Morning -

While prices of gold don’t necessarily affect silver prices or vice versa, history has demonstrated that when gold rises or falls, silver usually follows suit. This time around, silver has failed to match the gains that gold posted in recent months, spawning a widespread believe that silver is poised for a bull run. Such factors […]

Read More…