Large investors, including some who anticipated troubles for the housing and financial sectors, have been buying gold, concerned that moves by governments to shovel money at problem areas could cripple leading currencies.
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Bearish Big Investors Catch Gold Bug
Monday, March 16th, 2009Gold Demand Rose 26% in Quarter on Investment Appeal
Monday, March 16th, 2009Gold demand rose 26 percent in the fourth quarter as investors bought the precious metal as a store of value amid a worsening global economy, the producer-funded World Gold Council said.
Read MoreGold Reigns Atop the Great Divide
Monday, March 16th, 2009Goldbugs and their similarly intense brethren, the “peak oilers,” appear to have had a falling out. Their apocalyptic visions of crude shortages and economic and political chaos helped prices of both oil and gold surge in recent years. Since early November, however, they have diverged, with New York Mercantile Exchange crude down more than 40%, and gold up by much the same amount.
Read MoreGold’s ‘Perfect Storm’ Rages On
Monday, March 16th, 2009Gold’s eight-year bull market may have at least a few more years to run and could carry the precious metal beyond an inflation-adjusted record north of $2,000 an ounce, managers of precious-metals and natural-resource mutual funds say.
Read MoreThe Market
Monday, March 16th, 2009Clearly we are experiencing a bull market in the precious metals complex. The only meaningful question in this regard is, how long and how high will this trend go?
Read MoreWhat About Silver?
Monday, March 16th, 2009Historically, silver rises when and as gold rises. The primary influence seems to be the destruction of the buying power of currency (inflation). However, as we said earlier, things have changed. It’s these changes that make silver particularly attractive now.
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Mainstream Predictions Tout Gold & Silver
Monday, March 16th, 2009Speaking to the Prospectors and Developers of Canada Association (PDAC), fund manager Oliver Frank predicted that silver will end the year in the $25 range. Additionally, he also believes that heightened global investment demand will help gold break the $1,500 mark by years end. The reason? A safe haven response to the onset of (hyper) inflation in the U.S. economy.
Read MoreTags: Gold, Silver
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