Gold Prices

Gold: The Ultimate Inflation Hedge – Telegraph.co.uk | THE HOTTEST …

Filed in African Gold, Australian Gold, Bank Gold, featured, Gold, Gold Prices, o by on October 13, 2013 0 Comments

He said: “It can also be difficult to access as an asset class: many people end up buying funds that are largely invested in mining stocks , which don’t always reflect gold prices accurately.” Other options include buying gold bullion or …

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Gold: the ultimate inflation hedge | Al Tech Latest News World

Filed in Australian Gold, Gold, Gold Prices, Indonesian Gold, o by on February 20, 2011 0 Comments

Hе ѕаіd: “It саn аlѕο bе hard tο access аѕ аn asset class: many public еnd up buying assets thаt аrе largely invested іn mining stocks , whісh don’t always reflect gold prices accurately. ” Othеr options include buying gold bullion οr …

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Market Week Wrap-up

– Leading global equity indices continued floating upwards this week while the inflation drumbeat just kept getting louder. In the US, the January y/y CPI figure hit +1.6%, its highest level since last spring, and some analysts were alarmed by higher food prices creeping into CPI data sooner than expected. China’s January CPI report was lower than expected at +4.9% y/y, but markets panned the figures as heavily massaged by basket revisions. In the UK, the BoE said CPI would likely continue growing at a 4-5% clip over the short term. The World Bank released a report indicating that food prices were up 15% since October 2010 and are now only 3% away from record highs hit in 2008. Commodities moves complicated the story somewhat. While silver has pushed out to 30-year highs, there were signs that inflated soft commodity prices were beginning to unwind, with cotton and grain prices both below recent highs. Crude and gold prices have been impacted by reports that Iran is sending warships through the Suez Canal and bloody protests in Bahrain (next door to Saudi Arabia), although WTI futures were well below recent highs seen in early February. The Obama Administration unveiled its $3.73T budget proposal for 2012, including an all-time high deficit of $1.65T, reflecting the tax-cut agreement reached with Republicans in December. For 2012, the administration sees the imbalance declining to $1.1T, giving the country a record four straight years of one trillion-plus deficits. Bond prices held steady after the details were released, and Congress sharpened its knives for a budget fight. The Feb Empire Manufacturing survey hit its highest level since last June, indicating that the US manufacturing expansion seen over the last several months is continuing. On Friday there was plenty of commentary out of the G20 conference, where leaders tried mightily to achieve some concrete steps in reforming the global monetary system. Fed Chairman Bernanke took a swipe at the Chinese in his policy address to the G20, warning that nations which keep currency values low create imbalances, while the PBoC’s Zhou continued to push for a higher profile for the IMF’s Special Drawing Rights (SDRs). For the week, the DJIA rose 1.0%, the Nasdaq gained 0.9% and the S&P500 was up 1.0%. – John Deere crushed earnings and revenue targets in its Q1 report and nearly doubled its guidance for FY11 equipment sales. The firm hiked its sales guidance for its key agriculture and construction units as well, and said its Q2 revenue would blow out consensus estimates. Later in the week Caterpillar released very favorable dealer metrics for the month of January, with North America machinery sales up a whopping 58% y/y in the month. – Iron ore miner Cliffs Natural Resources reported very strong Q4 profits on a big y/y gain in iron ore pricing. The company expects global steel production to continue to grow in 2011, although it warned that spot iron ore prices are unsustainably high. Reliance Steel also blew out earnings estimates, and said pricing would remain strong at least through the first quarter of 2011. – In tech, Dell’s profit was way ahead of the consensus in its Q4 report, thanks to a big improvement in margins. The company said it believes the corporate IT…

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TD Ameritrade (AMTD) Joins GE (GE), Coke (KO), McDonalds (MCD), Visa (V), AT&T (T) As USOC Sponsor

TD Ameritrade Holding Corp. (NASDAQ:AMTD) has reportedly signed on to be a sponsor for the U.S. Olympic Committee, the first in the online broker segment to do so.They will join others like Acer, Coca-Cola (NYSE:KO), Visa (NYSE:V), Anheuser-Busch (NYSE:BUD), AT&T (NYSE:T), Dow Chemical (NYSE:DOW), Atos Origin, BMW Group NA, BP (NYSE:BP), General Electric (NYSE:GE), McDonald’s (NYSE:MCD), Procter

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Gold, Silver Prices Today Rise to 30-Year High on Unrest in Middle East

Ongoing unrest in the middle east is causing investors to push up the price of gold and silver today, with silver reaching a 30-year high, and palladium also rising to its highest levels in 10 years.Physical demand for gold in the middle east has been skyrocketing, increasing 39 percent in the fourth quarter, according to World Gold Council, as locals in the region see the potential for

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General Electric (GE) Building $550 Million Brazilian Research Center

Filed in Brazil, General Electric, Gold Prices, Jeffrey Immelt, o by on February 17, 2011 0 Comments

With an eye toward expanding its presence in Brazil, General Electric (NYSE:GE) announced it will be building a $550 million research center in Brazil, focusing on IT, energy and health sectors. The center will be built in the state of Rio de Janeiro, according to Brazilian Science and Technology Minister Aloizio Mercadante, who attended a meeting with Brazilian President Dilma Rousseff and GE

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Semiconductor’s Brocade (BRCD), ON Semi (ONNN) and National (NSM) Jumping Today

Semicondutors Brocade Communications Systems, Inc. (NASDAQ:BRCD), ON Semiconductor Corp. (NASDAQ:ONNN) and National Semiconductor Corporation (NYSE:NSM) are all trading positive today, led by Brocade, which has enjoyed the largest gains in the semi sector today. Brocade Communications Systems, Inc. made the biggest move in anticipation of its earnings report after the market closes. Brocade was

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Chinese Citizens Are Hungry for More Gold

Filed in commodities, Gold, Gold Prices, New Gold, o, silver, South African Gold by on February 16, 2011 0 Comments
Chinese Citizens Are Hungry for More Gold

Filed under: China , Commodities China is allowing its citizens to buy physical gold bars . This new program is unleashing an unbridled demand for the metal. The program works this way: The Industrial & Commercial Bank of China (ICBC), China’s largest, sells the bars to customers at real-time prices. Persons who own the bars can resell them to the bank. To give you an insight into the magnitude of these sales, here are a few statistics. The ICBC sold 7 tons of bullion in January alone. In all of 2010, sales were only 15 tons. Continue reading Chinese Citizens Are Hungry for More Gold Chinese Citizens Are Hungry for More Gold originally appeared on BloggingStocks on Wed, 16 Feb 2011 12:00:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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General Electric (NYSE:GE) Secures 30-year Repair, Overhaul Deal with HAL in India

Filed in GE Aviation, General Electric, Gold Prices, HAL, o, silver by on February 9, 2011 0 Comments

General Electric Co.’s (NYSE:GE) GE Aviation announced they’ve signed a 30-year deal with Hindustan Aeronautics Limited (HAL) to overhaul and repair aircraft systems for the Hawk MK132, an advanced jet trainer for the Indian Air Force.GE Aviation will “develop, supply and commission” test equipment under the terms of the licensing agreement. They’ll also provide training and technical data for

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Market Wrap-Up for Feb.8 (MCD, CL, AET, CLX, AVP, more)

The second interest rate hike in China in less than a month is being digested by Wall Street right now with a ho-hum reaction this morning. At some point the market will begin paying a bit more attention. With numerous M&A deals still being announced, and IPOs lining up on the runway, we’re not sure when the buying streak will begin to ease up, but we are carefully examining possible scenarios. Gold prices seem to be perking up today, as the last four months have been nothing but sideways action. At some point soon, we will see either a coiled spring effect and higher prices, or impatient investors heading for the exits. Elsewhere in the markets, shares of McDonald’s ( MCD ) got a nice boost from solid January sales. Colgate-Palmolive ( CL ) was also rallying on some takeover rumblings. Aetna ( AET ) and Clorox ( CLX ) had some decent buying following positive analyst comments. Avon Products ( AVP ) went in the opposite direction following lackluster earnings results. I was reading numerous accounts of AOL’s acquisition of the popular news site The Huffington Post yesterday. I tend to pay attention to what is happening in the web media space closely, as our firm is often grouped into that space, since “.com” is part of our brand. You have to question the uncanny love that is expressed for the deal, with the word “innovation” being tossed around in seemingly every other compliment. Sorry, but what is innovative about having 6000 contributors writing free content for your website, as Ms. Huffington managed to achieve? The company does only have 200 employees and can be described as lean and mean, but innovative? I’ve also seen a lot of insults leveled toward “old media” (newspapers, magazines) regarding their new goals of putting up so-called “pay walls” (which just means you charge users to access your content). If I were running the New York Times or any other major paper, I would’ve put some sort of pay wall up years ago. Why charge for a print version and give it away online for free! The lack of vision has costs thousands and thousands of jobs in the newspaper and magazine industries. Some people may say “who cares, it’s free now, I can get the same information anywhere on the web.” I don’t know about you, but reading articles created by content farms that pay writers $3 a post (if that) isn’t exactly very appealing. Unfortunately, that’s the direction that many online media plays are heading. I am not going to knock Arianna Huffington and her major payday, but at the end of the day, it wasn’t so much about innovation, as it …

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2011 Gold and Silver Predictions

2011 Gold and Silver Predictions

Gold prices are off to an expected pullback for the year. But this short-term dip won’t last long… After forming a triple top pattern at the very end of 2010, the price of gold has fallen nearly 5% to about $1,350 an ounce. Take a look: We may continue to see a bit of downward pressure on gold prices in the near term; but as economic problems continue to drive investors into safe-haven hard assets, the price of gold will be headed higher later this year. That means if you’ve been waiting for an opportunity to make a little money in gold, the market may be carving out a nice little spot to make some bullion purchases at a decent price to prepare for the next leg up. There are many who estimate gold will top the $1,500 level this year. But I think we’ll see gold make a heart-stopping race to $1,700 an ounce by the end of the summer. Silver is also going to be a big winner for us in 2011. The demand for silver as an investment has increased dramatically over the past several years as the retail market has become more accepting of silver as money and a store of wealth. And as gold prices approach $2,000 an ounce, I believe silver will be preferred by many — if not most — retail customers as a cheaper alternative that provides the level of wealth protection investors might be looking for. With that in mind, I think the price of silver will break $50 an ounce this year. Both gold and silver will be highly profitable for investors this year. But the real money will be made from the junior companies that explore for new resources and develop new projects to mine for these precious metals… Shares of junior gold and silver exploration companies can often skyrocket overnight — especially when they make new discoveries. And making new discoveries is their specialty… You’d think that the most talented precious metal prospectors work for the major gold companies like Barrick Gold (NYSE: ABX) and Newmont Mining (NYSE: NEM), but that isn’t the case. You see, the most talented mine finders stand to make a lot more money if they go out on their own. A top geologist with a major that makes a big discovery might get a sizable bonus and bigger …

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Research In Motion (Nasdaq:RIMM) to Gain Market Share of Nokia (NYSE:NOK)

Research In Motion (Nasdaq:RIMM) is about to benefit from Nokia (NYSE:NOK) losing market share from its change in OS strategy, according to Credit Suisse (NYSE:CS). Credit Suisse analyst Kulbinder Garcha said, “Regardless of the OS that is chosen by Nokia, we expect the company will face a period of significant disruption as i) product introductions slow, ii) carrier promotions stall, and iii)

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