Archive for December, 2008
Two Milestones for Gold
In the past week, gold quietly marked two important milestones. First, as of Monday the price of gold is now showing a gain for the year. The closing price of gold on December 31, 2007 was $833.75. The price of gold today is $854.60. That makes gold up 2.5% for the year to date. If gold can hang onto this gain into the end of the year, this will also
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Perth Mint to Resume Gold & Silver Sales
Today the Perth Mint announced that it will resume taking orders for gold and silver bullion coins on January 12, 2009. Sales of bullion products have been suspended since November 22, making
Gold Backwardation, Tracking COMEX Depletion, Banks’ Gold and Silver Short Positions
Red Alert: Gold Backwardation Posted late last week explaining the how gold went to backwardation for the first time in history. The implication is that backwardation will lead to a breakdown of the delivery mechanism for
Negative Opinions on Gold
With all of the positive articles on gold, one reliable way of getting attention is to publish an article forecasting an impending plunge in the price of gold. Two recently published articles caught my attention for their decidedly negative stances on gold. I previously wrote a post exploring bullish
COMEX Deliveries, Peter Schiff on Gold, India Post Gold
Here's a round up of some recent gold and silver news articles and stories from around the internet: A Memorable Delivery Experience With the physical price of gold and silver far exceeding
Can the US Mint Handle Demand for the Ultra High Relief Gold Double Eagle?
For much of the year, the United States Mint has been touting the upcoming recreation of what they have called the "nation's most beautiful coin." Augustus Saint Gaudens' design for the Ultra High Relief Gold Double Eagle will be recreated
Analysts Opinions on Gold
Recently published commentary from analysts at Citigroup and JP Morgan both paint a bright picture for the future of gold. Citigroup specifically mentions the $2,000 level as attainable. JP Morgan recommends buying gold for the run into the holidays. The Citigroup report runs down many factors that are
Gold and Silver News & Headlines for December 2
Going for the gold: The Real Deal You may have heard anecdotal stories about this already. While investigating "cash for gold" companies, Reporters received offers of
Seasonal Gold Price Trends
At the beginning of November, I took a look at the seasonal price trends for gold. Back then, it seemed that November and December were historical good months for gold. This came as a relief following gold's seasonally
