Gold Rally

Kooi Forecasts Gold to Rise to $2,200 per Ounce

Kooi Forecasts Gold to Rise to $2,200 per Ounce

Filed under: Analyst Reports , Forecasts , Commodities , Currency Gold keeps powering to new record highs amid a battery of speculations. Mari Kooi, CEO of Wolf Asset Management International LLC, sees gold rising 64% to $2,200 per ounce, Bloomberg reported . If we look for a key reason for the gold rally, the most obvious one is the weak U.S. dollar. Kooi believes the dollar will fall another 20% within the next 12 months. A falling dollar will spark higher commodity prices and create inflation. The dollar “will fall as people perceive that the Fed will do anything to fuel growth,” Kooi told Bloomberg. “Commodities are going to be a hot thing.” Continue reading Kooi Forecasts Gold to Rise to $2,200 per Ounce Kooi Forecasts Gold to Rise to $2,200 per Ounce originally appeared on BloggingStocks on Thu, 07 Oct 2010 10:30:00 EST. Please see our terms for use of feeds . Read | Permalink | Email this | Comments

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Gold Rises to $1,300 per Ounce; U.S. Dollar Sinks

Gold Rises to $1,300 per Ounce; U.S. Dollar Sinks

Filed under: Major Movement , International Markets , Market Matters , Commodities , Federal Reserve , Currency Spot gold in London hit $1,299.65. The December gold futures contract traded at $1,301.30, setting new record highs, as reported in Reuters . Gold resumed its rally mode when the U.S. Federal Reserve indicated that it will provide more stimulus to the U.S. economy . That triggered commodities to move higher in anticipation of more inflation. Continue reading Gold Rises to $1,300 per Ounce; U.S. Dollar Sinks Gold Rises to $1,300 per Ounce; U.S. Dollar Sinks originally appeared on BloggingStocks on Fri, 24 Sep 2010 11:20:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Will Gold Rally to $1,500 per Ounce?

Will Gold Rally to $1,500 per Ounce?

Filed under: Analyst Reports , Forecasts , Market Matters , Commodities , Recession Will gold rally to $1,500 per ounce? According to leading analysts, the answer is yes. Bloomberg News surveyed 29 analysts and their median number was $1,500 per ounce. Dan Brebner of Deustche Bank ( DB ) was the most accurate forecaster this year. His prediction is also for $1,500 per ounce. Continue reading Will Gold Rally to $1,500 per Ounce? Will Gold Rally to $1,500 per Ounce? originally appeared on BloggingStocks on Wed, 01 Sep 2010 10:40:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Gold Continues To Glitter

This week the Gold has rallied to another all-time high as global investors continue to choose gold as their currency of choice. Savvy investors are seeking tangible assets for long term investment opportunities as they have lost faith and confidence in the fiat currencies. We have once again received mixed news and reports from the European Union that has left investors trying to decipher the content which appears to be as clear as mud. For instance Monday we reported that 18 of the 19 industries in the STOXX Europe 600 index rose as industrial production increased greater than analysts predicted in April. Later in Monday’s session we learned that Moody’s Investor Service downgraded Greece’s government bond ratings to junk status. On Tuesday it was reported that Moody’s further downgraded several Greek Banks as these actions rekindled the gold rally as physical bullion buying increased. We certainly now realized that the continuation of the Euro regions debt crisis was far from over… Wednesday was yet another day of bad news for the Euro region as rumors and denials were flying… A Spanish financial journal (El Economista) reported that Spain was involved in a secret meeting with The European Union and the IMF and the U.S Treasury seeking a credit line of 250 Billion Euro’s….All parties denied this happen… However we do know that the EU and the IMF are putting some type of aid package together for Spain… We also learned that European Central Bank Member Nout Wellnik stated “the Netherlands should take firm Measures as quickly as possible as their economic situation is quite serious.” This is the first I have learned of the crisis In the Netherlands…All of this news has been very Gold friendly…. The continued uncertainty has chased investors into safer havens and during times of crisis Gold and Silver usually retain value better than most commodities. Today the leaders from the European Union attempted to ease investors minds as they released information that showed how Banks perform on stress tests, and seeking to gain investor confidence in Euro regions financial system… German Chancellor Angela Merkel stated “what’s most important right now is that we have maximum transparency”….. Transparency would certainly be refreshing. Meanwhile as I write Gold has traded as high as $1252.80…ANOTHER ALL-TIME HIGH……. Jobless Claims In the week ending June 12, the advance figure for seasonally adjusted initial claims was 472,000, an increase of 12,000 from the previous week’s revised figure of 460,000. Obviously this needs to become priority # 1…We need to get people back working and spending again. The continuing global Geo-political tension has also helped the Gold markets latest rally as a warring environment is Normally “bullish” gold as investors tend to choose safer havens…. Feel Free To Email ME ! Mike Daly / Gold Specialist PFG BEST mdaly@pfgbest.com 877-294-4669 312-563-8029 312-775-3014 *THERE IS EXTREME RISK TRADING FUTURES, OPTIONS, and FOREX*

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Deutsche Bank (NYSE:DB) Sees Gold Rally

Michael Lewis, head of commodities research at Deutsche Bank AG (NYSE:DB), said today gold prices could surge another 36 percent beyond its all-time high of $1,249.70 in May.One of the catalysts Lewis sees adding to the already bullish gold conditions is Asian central banks buying gold for the first time in two decades. Lewis said, “Prices can still go up a lot further from here. We have new

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