Posts from — February 2009

SPDR Gold Trust GLD.PGLD.A, also known as GLD, asserts the gold bullion it owns has risen by over 100 tons to 970.57 tons recently, which marked the largest weekly increase in the history of the gold-backed exchange-traded fund.SPDR Gold Trust, the world’s largest gold-backed ETF, said its holdings rose nearly 5percent on to record levels. Gold prices surged, implying significant buying.Investors

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Gold ETFs Acquiring Record Tons of Gold

According to Barrick Gold Corp. Chairman Peter Munk an “unpleasant and frightening” trend of investors buying gold as protection against uncertainty in world markets may help push the metal over $1,000 an ounce. It don’t think there’s any doubt gold will surge past $1,000 an ounce in 2009.Munk, founder of Toronto-based Barrick, the world’s largest gold producer, said he has received an

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Gold Surging on Fear Says Barrick

Now that much of the forced liquidation seems to have left the market, gold is starting to perform like the haven of safety usually has in tough economic times, and gold investors and regular investors are flooding to the market to not only be safe, but make some money from gold and its rising prices. Consequently, the U.S. dollar is starting to act like it really is with its poor underlying

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Gold Investors Seeking Haven and Profits

With the price of gold assured to go up in 2009, many investors are giving a close look at gold mining companies as a significant part of their investment portfolio. To that end, Yamana Gold is being reconsidered again for 2009, after disappointing investors in 2008.Many thought Yamana Gold was the darkhorse of the sector, and had tremendous upside potential in 2008. Conseqently it plunged in

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Gold | Yamana Gold – Fulfill Promise in 2009?