Category: Precious Metals
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Metals Continue Bull Run
Metals continue the bull run. We expect to see $700 on gold in the very near future. Geopolitical and world economic events coupled with the normal supply and demand equation have this market poised to make a run at the infamous Hunt Brothers high back in the early 80’s. First we of course need to…
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Russia leading global ‘stealth demand’ for gold
By Ambrose Evans-Pritchard The world’s big money brigade is snapping up gold bullion at eight times the rate originally thought, according to a report by UBS, the world’s biggest gold trader. The huge sums entering precious metals below the radar are likely to help to put a floor under the gold price after the dramatic…
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Rising Oil Prices Propel The Gold Bull Market to Historical Highs
Financial experts agree that high oil prices will continue to propel the gold bull market to record-high levels, positioning gold coins as a secure and lucrative investment despite a weak U.S. equities market. (PRWEB) May 23, 2006 — By triggering inflation and consecutive interest rate hikes, record-high oil prices have created ideal economic conditions for…
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Isn’t that precious? Platinum hits high
Asia drives rally; platinum at 26-year high; palladium hits a 17-month mark, gold and silver follow. NEW YORK (Reuters) – New York platinum futures stormed to a new 26-year high Thursday morning on the third day of speculative and trade buying, while palladium hit a 17-month peak and gold and silver reached 10-day highs. Dealers…
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Dubai still enhancing its gold market position
By Rhona O’Connell – LONDON (Mineweb.com) — Dubai is continuing its relentless march into the centre of the bullion market, with plans to start futures trading in the precious metals and other innovations proving successful. Dubai is rightly known as the hub of the physical gold market, feeding both to the Indian sub-Continent and to…
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CPM: Gold landscape radically altered
By Dorothy Kosich – RENO–(Mineweb.com) The “2005 Gold Survey” unveiled Tuesday by the New York-based CPM Group has concluded that several significant developments “have come together over the past year and a half to radically alter the gold landscape.” CPM found that gold mine production and average cash costs will continue to increase, the price…
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Ibbotson study determines diversification benefits of precious metals bullion
TORONTO, June 30 /CNW/ – A study prepared for Bullion Marketing Services Inc. by Ibbotson Associates has determined that the addition of precious metals bullion to a portfolio of traditional asset classes enhanced diversification and improved the reward-to-risk ratio in conservative, moderate and aggressive asset allocations. Since an investment in commodity-related stocks does not provide…
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Glittering future predicted for Dubai gold exchange
Dubai: The Dubai Gold and Commodities Exchange (DGCX), which is expected to go live this year, will float a fully owned subsidiary to carry out the settlement of trades on the exchange. David Rutledge, chief executive officer of the Dubai Metals and Commodities Centre (DMCC), said the new clearing house being established by DGCX will…
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Bullion Tame as Oil-Gold Ratio Hits 3-Decade High
NEW YORK – The ratio of oil-to-gold prices spiked to a 29-year peak in March reflecting the persistent divergence in the fortunes of the two resources. The ratio has been steadily ascending since September 2003 with only a brief interruption last November, and reached an all-time daily high of 0.135 on 4 April when oil…