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Latest Research From BERU
Estate planning has been a growth industry for more than a decade, fueled by potential clients' rising concerns about preserving wealth for a comfortable retirement and building a legacy for their heirs. Especially perplexing for many who thought they had a good plan, new regulations and changing rules collided with the Great Recession. As a result, the retirement plans of the leading edge of Baby Boomers (those born between 1946 and 1964), and all those who are waiting in the wings, have been disrupted, and their game plans going forward are being re-examined. [ Read more… ]May 4, 2012
Despite the recent downturn in the price of gold, Blanchard and Company does not see any change in market fundamentals or the global economy that should be driving it in that direction on a long-term basis. Investors should look at the current consolidation and dip in gold's price as an opportunity to add to their long-term positions. We think traders are viewing the current equities markets through rose-colored glasses and that the growing bubble is in stocks - not gold. Any additional unanticipated downward moves in gold will give investors who want to preserve and grow their wealth the opportunity to obtain the precious metal at value prices. [ Read more… ]April 6, 2012
The Federal Open Market Committee statement issued on Jan. 25 essentially guarantees that investors holding interest-bearing accounts will receive close to zero returns on those funds for the next several years. In promising to keep the target range for the Fed funds rate at zero to 0.25% through late 2014, the Federal Reserve has ensured that interest-bearing accounts are now dead money -- and will be for years to come. Figuring in the real rate of inflation, the next five to six years will see funds left in interest-bearing accounts lose 30% or more of their buying power. [ Read more… ]March 1, 2012
Bull market has strong support: Gold has been in a bull market for more than 10 years, and we expect it to continue for many years into the future for numerous reasons -- including global economic decline and uncertainty, currency devaluation, and basic supply-and-demand fundamentals. [ Read more… ]
February 1, 2012
NEW ORLEANS (December 12, 2011) - Blanchard and Company, Inc. has placed the world's most valuable rare gold coin for a record $7.395 million, adding to its resume and legacy as America's leading numismatic and precious metals firm. [ Read more… ]January 5, 2012
Gold has gone from an average annual price of $271 per ounce in 2001 to more than $1,700 today. Those of our clients who stayed out of the gold market in 2000 and 2001, at our direction, saved themselves from losses. Those who got back into the market in 2002, as we recommended, have substantially increased their wealth. We were right then; we're just as confident that we're right today when we say we can make even more money for our clients who invest in rare coins. [ Read more… ]December 1, 2011
The top 30 coins that Blanchard and Company has placed in the past year boast a value of almost $7 million. In contrast, the top 30 coins placed over the same period in 2006-07 — a robust period for rare coins before the 2008 financial crisis — were valued at just over $5.5 million. No longer fooled by paper assets, wealthy investors are looking for alternative investments. And while gold has been a great addition to investment portfolios, ultra-rare coins now offer a better investment opportunity. [ Read more… ]November 17, 2011
"Simply put, asset diversification means investing in different asset classes whose patterns of return are different from one another, thereby helping to reduce a portfolio's overall risk. When one asset class in the portfolio happens to go down, another (uncorrelated) asset class in the portfolio (such as gold) should go up. Since it is negatively correlated to other asset classes, gold is an excellent diversifier that can also enhance portfolio returns." [ Read more… ]
November 2, 2011
The last time Wall Street got involved in rare coins in a major way was in March 1989, when the American Rare Coin Fund LP was organized - with an affiliate of Kidder, Peabody & Co. as its general partner - to buy and sell U.S. rare coins. Rare coins went up almost 100% before the end of the year. Some coins tripled in value - and more! And all of this occurred even as the price of gold was falling like a brick for most of the year, going from $410 at the start of the year to $360 by October. Wealthy individuals who had invested in the market for several years were the prime beneficiaries of these gains in rare coins. [ Read more… ]September 7, 2011
U.S. downgrade now looms The debt ceiling will be raised by $2.5 trillion dollars, according to the deal nearing finalization in Washington. The U.S. government will be allowed to borrow and spend $2.5 trillion more than it takes in through revenue. The U.S. will see its top credit rating slashed from AAA to AA by Moody's and S&P, most experts think. How could it not? The U.S. balance sheet will look worse tomorrow than it does today. [ Read more… ]
August 2, 2011
Numismatic investors who buy rare coins now while they're comparatively cheap could see their patience rewarded, big-time, according to Blanchard and Company Chairman and CEO Donald W. Doyle, Jr., who issued this mid-year assessment of the rare coin market to the firm's account executives: [ Read more… ]August 1, 2011
August 2 is the deadline the U.S. faces to raise its debt ceiling or risk potential default. Whether or not the ceiling is raised, gold is the only asset that will benefit either way. If the debt ceiling is not raised and economic chaos ensues, gold will benefit immediately and for some time. If the debt ceiling is raised, that gives Washington the ability to spend more money, which by definition, is inflationary – also bullish for gold. Gold is an asset that truly is in a win-win situation. Expect some volatility, but in the long run, gold wins.  [ Read more… ]July 28, 2011
A tremendous opportunity within the gold market is now presenting itself. As investors worldwide continue to diversify out of paper assets and into gold, new ways to protect and build your wealth are emerging. [ Read more… ]July 7, 2011
The price of gold has remained strong as investors continue to look for signs of economic recovery, but analysts at Blanchard and Company warn that those looking to diversify their portfolios with the precious metal should be very cautious about doing so through the most popular gold ETF, or exchange-traded fund, known as the GLD. [ Read more… ]June 1, 2011
The $14 trillion debt ceiling is fast approaching. Treasury Secretary Timothy Geithner said lawmakers must raise the federal borrowing limit in the first quarter of 2011 or risk a default on U.S. debt. [ Read more… ]January 12, 2011
Gold breaks tradition, gathering new strength. Precious metal looks to remain strong in price and demand. [ Read more… ]March 13, 2010
Gold Shines Brighter as Safety Net After SEC Threatens Money Market Fund Liquidity [ Read more… ]February 3, 2010
NEW YORK — Gold prices surged to a new high Tuesday on news that India's central bank bought $6.7 billion worth of gold from the International Monetary Fund. [ Read more… ]November 3, 2009
The dollar, inflation, new investor demand remain key. [ Read more… ]October 7, 2009
The slow trading months of summer are usually a time when gold prices decline, but indicators this year lead us to believe the metal is poised for a big breakout by the end of the third quarter. [ Read more… ]August 4, 2009
Blanchard's analysts say Summer doldrums have kept metal range bound, but prices remain strong as bull market continues [ Read more… ]August 4, 2009
Nine months into the fiscal year, the federal deficit has topped $1 trillion for the first time. [ Read more… ]July 13, 2009
Blanchard and Company Inc. recently placed one of the rarest intact U.S. proof sets in existence – the 1843 John Jay Pittman three-coin gold collection. [ Read more… ]May 26, 2009
Blanchard’s analysts explain why we haven’t seen it - yet [ Read more… ]May 4, 2009
With the amount of volatility in the financial markets, it is hard to look too far into the future. Investors, as well as the government, are purely looking in the short term when it comes to the economy. However, if the past has taught us anything, to do well in investing, one must look beyond the short term. [ Read more… ]March 25, 2009
Investors were caught off guard Wednesday, as the Federal Reserve moved towards a "quantitative easing" policy. This type of policy is designed to lower borrowing costs for consumers and get credit flowing more freely again. By doing this, Chairman Ben Bernanke signaled his determination to avoid a repeat of the Great Depression and his willingness to pump as much cash into the economy as needed to end the current crisis. [ Read more… ]March 19, 2009
UBS Investment Researches®: Gold - Where could prices go?
- Our econometric model indicates upside risk
- Exposure to gold recommended
[ Read more… ]March 13, 2009
Blanchard and Company analysts see gold having a four-digit price floor [ Read more… ]March 6, 2009
In a tumultuous year for financial markets, it is noteworthy that rare coins outperformed all other assets considered, including gold, by a significant margin.” From “The Investment Performance of Rare U.S. Coins” By: Raymond E. Lombra, Ph.D. [ Read more… ]
January 28, 2009
Rate cuts leave few options other than infusing additional liquidity, say Blanchard analysts [ Read more… ]January 13, 2009
There are three reasonable ways for individuals to diversify their investments through exposure to precious metals: they can invest directly in the physical metals; they can buy shares in a mining company; or they can purchase units of interest in one of several ETFs traded on stock exchanges. (We strongly recommend against a fourth method, that of transacting in futures contracts, which we believe exposes the individual investor to unacceptable risk.) [ Read more… ]January 8, 2009
The bailout package is now around $8.7 trillion dollars. [ Read more… ]December 17, 2008
Markets around the world are being crushed by the unwinding of leverage by hedge funds and other institutional investors that has slammed both financial assets and commodities. [ Read more… ]November 5, 2008
The dollar, emerging markets, the global financial crisis all hold the key. [ Read more… ]November 4, 2008
The collapse of Lehman Brothers in September led to a stampede to gold by investors who feared that the world’s financial system was on the verge of a meltdown. The U.S. Mint ran out of coins and the vaults of Swiss banks were filled to overflowing with gold bars as investors sought a safe haven. Gold prices jumped from $746.80 just before Lehman fell to $911.50, a gain of 22% in one month. Five weeks later, gold had fallen to below $700.00 an ounce, the weakest level in more than a year and 34% below the record of $1,030.80 reached in mid-March 2008. What happened? [ Read more… ]October 30, 2008
The financial press is full of comparisons between today’s market crash and the 1929 crash that led to the Great Depression. As the market performs its daily task of balancing fear and greed, it becomes increasingly apparent that fear predominates. [ Read more… ]October 27, 2008
Rare coins have outperformed the stock markets and gold during a year of severe economic turmoil. [ Read more… ]October 21, 2008
Gold is a safe-haven asset that serves as a store of value in weak economy. [ Read more… ]September 15, 2008
The recent volatility and consolidation in gold has been a result of the declining price of oil and other commodities, and the increase in the dollar. [ Read more… ]September 11, 2008
Year-end price target of $1,150 still in sight as fundamentals remain firm [ Read more… ]August 21, 2008
The impact of the commodity super cycle on gold is a tendency for gold, precious metals and other tangible assets such as rare coins to rise as demand for commodities rises. [ Read more… ]August 19, 2008
With producer prices rising at the fastest pace in 27 years, Ben Bernanke, Chairman of the Federal Reserve Board, reported that “upside risks to the inflation outlook have intensified” in his testimony before the Senate Banking Committee. [ Read more… ]July 17, 2008
As loan defaults mount and home prices continue to fall, US regulators are preparing for other banks in America to fail. This has led Wall Street analyst to ask themselves: How many will fail and who will be next? [ Read more… ]July 15, 2008
Gold started the new trading week off strong on Monday, touching a high of around $933 before falling to around $915. [ Read more… ]July 8, 2008
Investors shifting out of equities and into tangible assets to protect wealth. [ Read more… ]July 1, 2008
The 1 percent increase in gold this morning can be attributed to both further weakness in the dollar and more near record highs in oil. [ Read more… ]July 1, 2008
Blanchard is extremely bullish for the second half of the year. Gold is poised to continue its recent increase and will likely pass the $1,000 mark at some point in the next few months and then hit $1,150 by the end of the year. [ Read more… ]June 30, 2008
Gold is up over $6 to around $923. That totals over $40 over the past two days. There is a huge amount of uncertainty and fear in the market right now and gold is the perfect assets for investors to protect and build their wealth. [ Read more… ]June 27, 2008
What various Wall Street leaders are saying... [ Read more… ]June 26, 2008
It took less than 24 hours for investors to negotiate through the Fed language from yesterday's meeting and determine that the statements did not lean as much towards curbing inflation as predicted... [ Read more… ]June 26, 2008
Clearly many investors are waiting to see what will happen with the Fed meeting today. Since the dollar will react to the statements that accompany the rate decision, gold will likely move in the opposite direction. [ Read more… ]June 25, 2008
What’s next? The consensus seems to be that we’re going to see 1970’s-style STAGFLATION. [ Read more… ]June 23, 2008
To know which asset class will appreciate in value, you have only to follow the money. When the stock market is gobbling up all of the available discretionary funds, you know that alternative investments, such as rare coins, are going to do poorly. On the other hand, bear markets in stocks cause net withdrawals, which in turn support the prices of alternative assets as investors seek better returns. [ Read more… ]May 2, 2008
The dollar has been slowly collapsing over the past five years, losing one-half of its purchasing power compared to the euro. Crude oil has gone up by a factor of five, while gold has tripled. The demand for the dollar is declining. Hardly a day goes by without some central bank or major institution announcing that they have diversified out of the dollar into other currencies. [ Read more… ]April 21, 2008
Gold is up over $15 this morning to around $945. [ Read more… ]April 16, 2008
Increasingly, investors are becoming concerned about inflation. Rising commodity prices and the falling dollar point to price pressures ahead and, with global growth still robust, the link between domestic output and domestic inflation may be waning. [ Read more… ]April 9, 2008
The real investment magic of rare coins stems from the fact that price increases from rare coins lag behind those of gold, which takes much of the guesswork out of investing in rare coins. [ Read more… ]April 8, 2008
While the Fed's moves to provide $200 billion of liquidity to major Wall Street investment banks may provide a temporary boost to the stock market, analysts at Blanchard say the current global market crisis continues to unwind and gold will remain a strong investment safe-haven that will continue to increase in value. [ Read more… ]March 13, 2008
Yesterday morning, the Fed announced that it would lend $200 billion dollars to financial intuitions who do business with the Fed - basically the big boys on Wall Street. [ Read more… ]March 12, 2008
Gold took a bit of a breather last week and closed just slightly below where it opened last Monday. This morning gold is down about $8 to around $965. [ Read more… ]March 10, 2008
Gold has rallied back from a drop of $17 yesterday. [ Read more… ]March 5, 2008
Gold is up over $3 this morning to $963. [ Read more… ]February 28, 2008
Gold has moved between a range of $15 this morning and hit a new record Of $934. The metal is currently trading around $925. [ Read more… ]January 29, 2008
Gold is up over $8 this morning to $920. Since January 21, gold is up over $60. [ Read more… ]January 28, 2008
Gold has dipped around $16 this morning to below $800. [ Read more… ]November 15, 2007
Gold is up more than $17 this morning to about $814 and has now risen more than $25 since hitting the week's low on November 12. [ Read more… ]November 14, 2007
Gold is up over $12 this morning and broke through $820 before settling back down around $819. [ Read more… ]November 6, 2007
The dollar once again has fallen to around record lows against the Euro on speculation that the losses posted by the major financial institutions from the subprime-mortgage defaults will grow, prompting Bernanke and Co. to cut interest rates again in December. [ Read more… ]November 6, 2007
The U.S. economic environment suggests that the economy will be sluggish for the next few quarters. However, global economic activity is holding up well and liquidity conditions, on a worldwide basis, are still very buoyant. A clear divergence has opened up between trends in the U.S. and the rest of the world, with production growth slowing in the U.S. but still growing elsewhere, largely reflecting the ongoing boom in the emerging world. [ Read more… ]November 5, 2007
Gold is up over $5 this morning to around $788 after trading at a high of $794. Gold has climbed roughly $15 over the past two trading days. [ Read more… ]
October 29, 2007
History shows numismatics track precious metals with a lag, current economic conditions mirror those of years past for market growth [ Read more… ]October 18, 2007
Gold is negatively correlated to the dollar, and stocks are negatively correlated to gold. However, the correlations are not perfect. There have been periods during which, despite a falling dollar and rising gold prices, U.S. stocks have performed fairly well. [ Read more… ]October 9, 2007
Gold is up around $2.00 this morning to over $732. [ Read more… ]September 24, 2007
Gold has broken through $735 an ounce today, higher than the peak of around $730 struck in May of 2006. The metal is now just around 14 % from its all time high of $850 in January 1980. [ Read more… ]September 20, 2007
Blanchard sees $750 price point in upcoming months as housing crunch grows, Fed rate cut likely on the horizon [ Read more… ]September 10, 2007
Gold has breached the $700 mark and is still climbing. The price is now over $703 this morning. [ Read more… ]September 7, 2007
We've watched gold rise more than $10 this morning to reach a spot price above $691 an ounce. [ Read more… ]September 7, 2007
Gold was down over $5.00 this morning to around $663 and has since bounce back up about $4.00. [ Read more… ]August 15, 2007
Gold dropped over $13 yesterday and closed just above $660 losing about 2% of its value. The sub prime crisis is still weighing on all financial markets, as we saw the Dow drop almost 400 points and lose about 2.8% and the S&P dropped 3%. [ Read more… ]August 10, 2007
Yesterday, the European Central Bank injected about $130 billion US dollars into the European money markets in order to increase European Banks liquidity. After the French Bank, BNP Paribas, terminated withdrawals from three of their investment funds, which hold sub prime mortgages. The Federal Reserve followed the ECB’s lead and released $24 billion dollars into the US banking system. [ Read more… ]August 10, 2007
Overseas this morning the price of gold is down about $3.00 to around $668 an ounce. The primary reason is due to the dollar stabilizing prior to the Federal Reserve meeting to be held later today. [ Read more… ]August 7, 2007
At a time when gold is traditionally slow, the market is showing significant strength. Gold broke through $670 yesterday, a key psychological level. Here’s why... [ Read more… ]July 19, 2007
Bernanke, once again, did not shed much light on US inflation. [ Read more… ]July 10, 2007
Today at noon, Fed Chairman Ben Bernanke will be speaking about the future inflationary outlook to a group of economist in Massachusetts [ Read more… ]July 10, 2007
SAN FRANCISCO (MarketWatch) -- Gold futures fell as much as $5 an ounce Monday morning, as ongoing worries over higher global interest rates as well as retreating crude-oil prices weighed on demand for the precious metal. [ Read more… ]June 25, 2007
There isn't much news out today from a fundamental standpoint. The market seems to be on hold until we get word out of the Fed about their take on the slowing economy and just how much inflation is present in the system. It does seem like global monetary authorities like the IMF and BIS are prepping the global economy for some wicked consolidations in the near future. [ Read more… ]June 25, 2007
SAN FRANCISCO (MarketWatch) -- Gold futures bounced higher Friday but after losing more than $10 an ounce during a two-session losing streak, they're ready to log a loss for the week. [ Read more… ]June 22, 2007
Realizing that they were both starting negotiations at opposite ends of the spectrum, the Chamber of Mines (gold mining companies) and three South African labor unions, backed away from the table yesterday, reset the clock and will restart negotiations on the 2nd of July. [ Read more… ]June 22, 2007
NEW YORK (AP) - Gold prices declined for the second straight session Thursday as the dollar strengthened and bond yields extended their rise. [ Read more… ]June 21, 2007
SAN FRANCISCO (MarketWatch) -- Gold futures fell to their lowest level in a week Thursday, losing ground for a second session in a row with traders disappointed that prices were unable to pass the $660-an-ounce level. [ Read more… ]June 21, 2007
While the precious metals sector doesn't seem to be viewing the potential South African platinum and gold strikes with much interest currently, the rhetoric heading into the last week of negotiations is ramping up quickly. [ Read more… ]June 21, 2007
The unions in South Africa representing coal and gold miners have sent their initial demands to the mining company representative group, the Chamber of Mines, to kick off the negotiations for a new contract. The old two-year contract expires on June 30th when 160,000 workers will walk off the job if no new agreement is in place. [ Read more… ]June 20, 2007
Just announced this morning was a set of new metal ETF investment products for the Italian trading bourse, set to launch tomorrow. These ETFs are set to be backed by physical metal holdings and will be offered in gold, silver, platinum and palladium. [ Read more… ]June 19, 2007
SAN FRANCISCO (MarketWatch) -- Gold futures rose Monday morning, building off last week's more than $8 gain as the U.S. dollar weakened and as traders continued to gauge inflation concerns and the likelihood of an interest rate hike by the Federal Reserve. [ Read more… ]June 18, 2007
Two developments in the platinum market have prices jumping this morning. One of the largest platinum mines based in South Africa has gone offline for a week due to some safety concerns and mining union, NUM, and Implats continue to head towards a stalemate in negotiations as Implats has not offered a new wage increase. NUM filed for a grievance with the government, the next move in beginning an official strike. [ Read more… ]June 18, 2007
Futures prices end near $660 as traders weigh inflation figures [ Read more… ]June 15, 2007
LONDON (Thomson Financial) - Gold edged higher in afternoon trade after the core May US consumer price index came in below expectations, triggering a dip in the US dollar against the major currencies. [ Read more… ]June 15, 2007
Now that most US economists have expanded their acceptable inflation numbers, the CPI report this morning was greeted as a positive, despite the fact that the overall number came in higher than expectations because the core rate was low. [ Read more… ]June 15, 2007
SAN FRANCISCO (MarketWatch) -- Gold futures climbed as much as $5 an ounce Thursday as a larger-than-expected rise in U.S. wholesale prices renewed concerns about inflation, boosting gold's appeal as an investment hedge. [ Read more… ]June 14, 2007
SAN FRANCISCO (MarketWatch) -- Gold futures climbed Wednesday, recovering from a low under $650 an ounce as gains in oil prices helped renew concerns about inflation, staving off pressure from a stronger U.S. dollar. [ Read more… ]June 13, 2007
The price whipsaw has started this morning as US economic reports began hitting the wires. [ Read more… ]June 13, 2007
With 3.7 tonnes of sales reported by ECB banks this past week, it looks like the ECB umbrella organization sales of 37 tonnes still have yet to show up in the weekly reports, but that the general sales trend from ECB member banks is finally scaling back with two consecutive weeks of sales less than 4 tonnes. [ Read more… ]June 12, 2007
We're seeing a bit of a bounce back this morning in prices because we believe the sell off to finish last week was too pronounced. What we've also seen in the wake of the 5% sell off last week are a number of pronouncements that the precious metals bull market is over and done with, sell it all and move on. [ Read more… ]June 11, 2007
LONDON (Reuters) - Investors and exchange-traded funds regardless of fundamental factors may drive the price of silver to new highs this year, having already tripled in four years, analysts say. [ Read more… ]June 8, 2007
It's weeks like these that are a shining example of why I'll never get bored working as an analyst in the precious metals space. [ Read more… ]June 8, 2007
South African gold production fell another 8.2% year-over-year for the month of April. This follows a nearly 8% drop for first quarter production. [ Read more… ]June 7, 2007
With the White House cutting GDP expectations from nearly 3% to 2.3% in 2007, the markets have already started flipping on themselves in a short period this morning. [ Read more… ]June 6, 2007
If there really was ever any doubt about the tail (physical gold trading in London) wagging the dog (gold paper markets across the rest of the world), the recent excitement about all of the central bank activity in the gold market has again proven that indeed the gold market is moved by the actions of a few and it is paramount to keep an eye on that activity. [ Read more… ]June 5, 2007
NEW YORK (MarketWatch) -- Gold futures edged higher Tuesday, but prices remained below a three-week high near $680 an ounce reached during the previous session as traders eyed the latest moves in the dollar and awaited U.S. economic figures. [ Read more… ]June 5, 2007
Silver has begun to run out in front of gold and PGM prices, becoming the leader rather than laggard in the precious metals space. As the PGM group of metals have grabbed all the headlines the last few weeks, the other white metal has slowly recouped losses from the last month and started into a strong up channel. Because of it's unique aspect of being a precious metal/monetary asset and a consumed industrial metal, we are reiterating our $15 price target in the next month and $18 per ounce target by the end of 2007. [ Read more… ]June 4, 2007
Persistence of belief in this marketplace is going to be what makes our clients money in the long run. Looking at long term trends and ignoring the daily noise in the marketplace that doesn't always make sense is paramount when we've got some big market moving activity taking place behind the scenes. [ Read more… ]June 1, 2007
The ECB has stated this morning that they have sold 37 tonnes of gold in the last two months, but will make no further sales in the remaining four months of the CBGA fiscal calendar year. [ Read more… ]June 1, 2007
SAN FRANCISCO (MarketWatch) -- Gold futures closed almost $8 an ounce higher Thursday as news that the U.S. economy slowed to a crawl in the first quarter helped boost investment demand for the precious metal. [ Read more… ]May 31, 2007
NEW YORK (AP) - Gold prices rose Thursday as the U.S. dollar fell in response to the government's weaker than expected first-quarter gross domestic product report. [ Read more… ]May 31, 2007
A slightly softer tone in the U.S. dollar and recovery in Chinese equities helped gold and silver futures stage a rally Thursday, with silver generating technical momentum as it moved up through its recent high, analysts said. [ Read more… ]May 31, 2007
LONDON (Reuters) - Europe's central banks are again likely to sell less gold this year than an agreed annual limit of 500 tonnes, despite a pick up in recent weeks, analysts say. [ Read more… ]May 31, 2007
GDP figures were revised downward for the first quarter of 2007 from 1.3% growth to .625% growth. This was not wholly unexpected in the market, but the downward revision is even larger than had been estimated by numerous economists. [ Read more… ]May 31, 2007
ECB sales figures were updated this morning showing a little more than 12 tonnes of sales by ECB banks into the market last week. While not as high as some previous weeks, 12 tonnes is still higher than the average run rate and shows that we're still in a period of increased sales. [ Read more… ]May 29, 2007
NEW YORK, May 25 (Reuters) - Heavy gold sales from European central banks over the past two months have taken a toll on bullion investor sentiment, despite robust jewelry demand and as top miners say production may take a hit this year. [ Read more… ]May 25, 2007
The precious metals complex began turning around this morning as a sell off began in the dollar in Asia and has continued in the US and European markets today. [ Read more… ]May 23, 2007
It's always tough to work on a lag in the markets, but sometimes with the flow of information in the physical side of the metals markets, that's the way it has to be for investors. [ Read more… ]May 22, 2007
Palladium Rises Most This Year on Demand; Platinum Declines [ Read more… ]May 21, 2007
U.S. gold futures erased early losses to finish up slightly on Monday as the dollar rose at a steady rate, but a higher greenback and long liquidation could continue to put pressure on the precious metal, dealers said. [ Read more… ]May 21, 2007
Technically oriented buying and a surge in crude oil enabled gold futures to recover from early weakness to finish with a modest gain Monday, analysts said. [ Read more… ]May 21, 2007
June contract ends $1.80 higher; palladium, copper score biggest gains [ Read more… ]May 21, 2007
I hate having to trot out the tired and typically misunderstood explanations of fund activity, book squaring and liquidation as the reasons for price drops, but it looks like that is exactly what the precious metals markets got smashed with today. Gold and silver both took a dive right at the same point today on a combination of position liquidations in the market, strong dollar news and oil prices falling sharply in afternoon trading. [ Read more… ]May 16, 2007
The World Gold Council and GFMS released their joint review of the world gold market in the first quarter of 2007 this morning. The WGC cites total demand for gold in the first quarter at record levels and 4% higher than in Q1 2006. Jewelry demand in India picked up a bit as prices stabilized and demand across the board in China has ramped up. Remember, it was less than three years ago gold ownership was legalized in China for private citizens. This system is just getting up and going. We haven't seen anything yet in terms of demand out of this country. [ Read more… ]May 16, 2007
Silver shines after CPM reports strong demand; copper regains ground [ Read more… ]May 15, 2007
NEW YORK, May 15 (Reuters) - U.S. gold futures turned to finish higher in choppy trade on Tuesday, helped by a lower-than-expected rise in consumer prices in April, a weaker dollar and higher crude oil prices. [ Read more… ]May 15, 2007
CPI figures for April hit the wire this morning and showed inflation was moderating across the board, with the exception of gasoline prices. [ Read more… ]May 15, 2007
LONDON (Thomson Financial) - Gold extended gains into the afternoon as the dollar dipped against the major currencies, with physical demand and bargain hunting supporting a resurgence in the metal after it yesterday fell to its lowest level in a month. [ Read more… ]May 11, 2007
The PPI index was announced this morning for April at .7% increase showing a reduction from March figures, but the index still came in above analyst expectations of .6%, due nearly entirely to energy input costs. With gasoline prices having continued to trend higher, there should be little expectation that future PPI numbers will moderate in the coming months. [ Read more… ]May 11, 2007
This morning, post-Fed decision where there were no changes made to the statement of any significance, we've got a raft of data hitting the market that should all be precious metals positive, but silver and gold are taking it on the chin again this AM. [ Read more… ]May 10, 2007
A recent correction lower in gold and silver accelerated Thursday when the dollar firmed and sell stops were tripped in the metals, analysts said. Speculators liquidated positions. [ Read more… ]May 10, 2007
NEW YORK (MarketWatch) -- Gold futures fell early Wednesday ahead of the Federal Reserve's interest-rate decision and accompanying policy statement due later in the session. Gold for June delivery edged down $1.70 to $685.70 an ounce on the New York Mercantile Exchange. On Tuesday, gold futures fell $3 to $687.40 an ounce. [ Read more… ]May 9, 2007
Today and tomorrow are all about the interpretation of language nuances. The FOMC releases their statement and interest rate decision at 2 pm EST followed by the ECB & Bank of England's rate decisions tomorrow. [ Read more… ]May 9, 2007
On the ECB gold reserves front, two ECB captive banks sold over 11.5 tonnes of gold this past week into the market, making this the 8th straight week of significantly increased sales compared to the past 6 months of the Central Bank Gold Agreement financial calendar. [ Read more… ]May 8, 2007
NEW YORK (MarketWatch) -- Gold futures advanced on Monday, extending prior-session gains, as the dollar fell against other major currencies, underpinning demand for the precious metal. Gold for June delivery gained $1.20 to $690.90 an ounce on the New York Mercantile Exchange. [ Read more… ]May 7, 2007
We've got a very busy week for currency activity on tap. The Fed releases their May rate decision on Wednesday at 2 PM after two days of meetings and the ECB and Bank of England also make rate decisions on Thursday. [ Read more… ]May 7, 2007
LONDON (Thomson Financial) - Gold hovered near 690 usd supported by a weaker dollar with attention shifting to tomorrow's US interest rate meeting [ Read more… ]May 7, 2007
NEW YORK, May 3 (Reuters) - Renewed buying interest from funds and a mining strike in major gold producer Peru propelled U.S. gold futures to a solid finish on Thursday despite a higher dollar, as market sentiment turned more bullish ahead of the payrolls report. [ Read more… ]May 3, 2007
N.Y. Gold, Silver Rise On Fund Buying [ Read more… ]May 3, 2007
NEW YORK (MarketWatch) -- Gold futures rose Thursday, recouping its prior-session losses, as the dollar traded flat against major currencies. Gold for June delivery rose $1.40 to $676.50 an ounce on the New York Mercantile Exchange. [ Read more… ]May 3, 2007
Number four global gold producer, Gold Fields of South Africa, reported this AM and keeping the major producer reporting trend in tact, reported worse than expected top and bottom line earnings while also producing less gold than expected. AngloGold and GoldCorp are the remaining senior gold producer left to report in the market. AngloGold reports tomorrow AM, so we will have the last major corporate hedge position update in the quarter. [ Read more… ]May 3, 2007
LONDON (Thomson Financial) - Gold edged higher, having found technical support around 670 usd, but stayed near lower levels, supported by a slightly weaker dollar against the euro and steady oil prices [ Read more… ]May 3, 2007
Sales, loans, dehedging, mining companies, US dollar and investor demand. [ Read more… ]May 2, 2007
Peru's national labor unions in the mining sector began walking off the job yesterday. Peru is the 5th largest producer of gold and one of the largest copper mining regions in the world. Workers have not yet walked off at the larger gold mine operations, but this strike appears to have some legs to it and might drag on for quite a while. If that happens, some of the largest gold mines in the world will go offline. [ Read more… ]April 30, 2007
Copper up over 13% for the month; U.S. dollar weakness aids gold's climb [ Read more… ]April 30, 2007
This morning we have two mining company Q1 reports hitting the market. [ Read more… ]April 26, 2007
It is our firm belief that the reason we have seen the gold market fail to take the $700 level over the past week is due to the continued increase in Central Bank gold sales, specifically those out of the European Central Bank (ECB) system. [ Read more… ]April 26, 2007
1434 GMT [Dow Jones] - Comex gold is higher but has been confined to a narrow range so far. "We've steadied up from yesterday's sell-off," says one trader. But there have not been any catalysts for a huge move, he continues. June gold is up $1.30 to $689 an ounce, while July silver has added 9.9 cents to $14.015. Gold faces minor resistance around the $690 level, then more in the area from $698 to $700. [ Read more… ]April 25, 2007
NEW YORK (MarketWatch) -- Gold futures edged up Wednesday, underpinned by weakness in the dollar, as crude-oil prices also rose, lending background support. Gold for June delivery gained $1.80 to $689.50 an ounce on the New York Mercantile Exchange. [ Read more… ]April 25, 2007
Harmony Gold of South Africa began the major gold mining company reporting for the quarter this AM and showed some decent earnings, but more importantly for the market, lower production figures (-30,000 oz.) than the past quarter and they did a small hedge book reduction of 42,000 oz. [ Read more… ]April 25, 2007
SAN FRANCISCO (MarketWatch) -- Gold futures closed Tuesday near their lowest level in two weeks as a hefty decline in oil eased inflation fears and dampened the market for the precious metal, which has failed at its attempts to touch the key $700 level. [ Read more… ]April 24, 2007
LONDON (Thomson Financial) - Gold prices eased slightly late afternoon after spending much of the day in positive territory, as the precious metal continued to struggle to breach key resistance levels ahead of the 700 usd level. [ Read more… ]April 24, 2007
Few thoughts here following up on the sharp sell off this morning. [ Read more… ]April 24, 2007
One of the two recently announced platinum ETFs launched today in London and is experiencing some very positive investor interest. The second Platinum ETF, on the Swiss bourse, is set to launch some time before May 10th. Again, time will tell how these two ETFs impact the market. One thing that is certain, this will be a new impact on the demand side of the market that platinum (and palladium) have not previously experienced. [ Read more… ]April 24, 2007
While the market is sitting just below the $700 psychological level for gold, we're more impressed by the price holding above our technical target of the $694-695 level. $700 will get the headlines, but it's more important to see the technicals hold up over a few days to underscore the strength of the market. [ Read more… ]April 23, 2007
SAN FRANCISCO (MarketWatch) -- Copper traders took profits on Wednesday after concerns about supply disruptions at a Freeport-McMoRan Copper & Gold mine in Indonesia had lifted the benchmark futures contract nearly 4%. Gold futures strengthened but remained below the previous session's seven-week high of $695.50. [ Read more… ]April 18, 2007
ETF, Dollar, Tightness Support Nymex Platinum [ Read more… ]April 18, 2007
Precious metals are trading pretty choppy this morning as the markets are vacillating on currency moves and searching for additional market data with which to take out some psychologically important levels ($700 for gold, $13000 for platinum and $14.50 for silver). [ Read more… ]April 18, 2007
London (Platts) -- With traders and analysts waiting for the release of economic data, particularly regarding the US economy, a relative calm has descended on the gold market, a European trader told Platts. [ Read more… ]April 17, 2007
A raft of US economic data hit the market this morning and it was a mixed bag of information. [ Read more… ]April 17, 2007
After a weekend of World Bank and IMF meetings, the calls to sell off IMF gold reserves have begun anew. It's funny how big government never looks at how to cut spending or reel in bureaucracy, but rather wants to sell off assets. [ Read more… ]April 16, 2007
Gold prices were spiking Wednesday, despite Iran's decision to release 15 British nationals from custody, as soft data on the U.S. economy clipped the dollar. [ Read more… ]April 4, 2007
Dollar dips; oil drops after Iranian president says British sailors to be freed [ Read more… ]April 4, 2007
NEW YORK, April 4 (Reuters) - U.S. gold futures jumped early on Wednesday on funds and options-related buying, but well off their session high after Iran said it will free 15 British sailors and marines captured nearly two weeks ago, reducing the precious metal's appeal as a haven. [ Read more… ]April 4, 2007
We've gotten our update on ECB bank sales the past week, and just as we figured, we've seen another week of massive increases in bank reserve gold selling into the market. [ Read more… ]April 4, 2007
So check out that post London close price action…I'll deal with that tomorrow when I get an update on the Central Bank gold sales. But reversals like we saw today shouldn't surprise anyone at this point. [ Read more… ]April 2, 2007
NEW YORK, April 2 (Reuters) - U.S. gold futures erased early losses to finish higher on Monday, boosted by rising crude oil prices and lingering geopolitical tensions, as the precious metal has held up well despite increased sales by central banks, an analyst said. [ Read more… ]April 2, 2007
SAN FRANCISCO (MarketWatch) -- Gold futures close at a three-session high [ Read more… ]April 2, 2007
Gold takes lead from crude, moves lower Gold futures fell Monday, tracking crude-oil prices lower, as traders kept an eye on the tense stand-off between Iran and the U.K. Gold for April delivery declined $4.90 to trade at $658.10 an ounce on the New York Mercantile Exchange. [ Read more… ]April 2, 2007
Oil prices look like they will finish the week settling at prices not seen in six months... [ Read more… ]April 2, 2007
SAN FRANCISCO (MarketWatch) -- Gold up on day, week; analyst warns of 'slippery slope' in China tariff ruling [ Read more… ]March 30, 2007
It looks like today might be shaping up to be "one of those" where there isn't anything happening in the market that is a rational explanation behind a $8 plunge in 5 minutes in the price of gold. [ Read more… ]March 29, 2007
NEW YORK (MarketWatch) -- Gold futures rose Wednesday, as a new turn in tensions between Iran and the U.K. fueled safe-haven buying and sent crude-oil prices to their highest level of 2007. Gold for April delivery gained $5.90 at $668.40 an ounce on the New York Mercantile Exchange. [ Read more… ]March 28, 2007
Pick a reason and it's helping support precious metals today: [ Read more… ]March 28, 2007
Another mention of Blanchard in the news today about increased Central Bank sales. AE's have access to this link. There is a good graph to see how sales have spiked in the last few weeks, but the general trend has been significantly lower over the first quarter of 2007. [ Read more… ]March 27, 2007
Gold prices were moving slightly higher Tuesday after worse-than-expected consumer sentiment data. [ Read more… ]March 27, 2007
NEW YORK, March 27 (Reuters) - U.S. gold futures seesawed and were little changed in quiet trade early on Tuesday as heightened geopolitical tensions and interest from funds provided support to prices after the previous session's 1 percent gain. [ Read more… ]March 27, 2007
LONDON (Dow Jones)--The International Monetary Fund has proposed to increase transparency in the gold market by publishing statistics that reveal the amount of gold loaned and swapped into the market by central banks, analysts said Friday. T [ Read more… ]March 27, 2007
So why are some central banks increasing their sales? [ Read more… ]March 27, 2007
Following up on our note yesterday, the ECB has released new gold sales figures for the past week [ Read more… ]March 27, 2007
I think we've got a great base for support built in at the current prices, but the market is waiting to see something significant in the news to hit the springboard. The great thing about the precious metals market is that the catalyst can come from any number of market influences. [ Read more… ]March 26, 2007
A rally in oil and renewed buying after the Federal Reserve distanced itself from future rate hikes boosted gold futures on Thursday, but traders warned investors could lock in profits ahead of the April gold contract's first notice day next week. [ Read more… ]March 22, 2007
DOW JONES NEWSWIRES - Gold futures have moved higher Wednesday since a statement from the Federal Open Market Committee put the U.S. dollar under pressure, as market watchers concluded the Fed wording reduces the likelihood of any rate hikes going forward and may even be a step toward eventual loosening of monetary policy, analysts said. [ Read more… ]March 22, 2007
The story today for the commodity markets is going to be the oil price. Oil is jumping this morning after some particularly bullish data points yesterday on supplies into the US economy. [ Read more… ]March 22, 2007
Now that we've had a few minutes to digest the Fed Meeting release (har har), we're seeing from the action in the market that many participants believe that the Fed has removed the tightening bias off the table and will now be looking for an opportune time in the near future to begin either talk of lowering interest rates or possibly even making an unexpected move. [ Read more… ]March 21, 2007
Today is all about the subtle nuances of language change in the Fed statement. [ Read more… ]March 21, 2007
GFMS has released a note that they expect the dehedging figure to pick up in 2007 from their original forecast at the end of 2006. [ Read more… ]March 20, 2007
We've just broken past some tough technical resistance points at the $658-660 level and should hold these gains in front of the FOMC meeting minutes released at 2 pm EST on Wednesday. [ Read more… ]March 20, 2007
NEW YORK, March 20 (Reuters) - Buying by funds drove U.S. gold futures 1 percent higher early on Tuesday, as a robust housing report and a weaker dollar also helped push the precious metal contracts to its highest in more than two weeks. [ Read more… ]March 20, 2007
LONDON (AFX) - Gold rose after the US reported better than expected housing data, which investors saw as a sign of a healthy economy [ Read more… ]March 20, 2007
NEW YORK (MarketWatch) -- Gold futures rose Tuesday, underpinned by softness in the dollar, as traders awaited Wednesday's Federal Reserve decision on interest rates. Gold for April delivery gained $5.40 at $659.70 an ounce on the New York Mercantile Exchange. [ Read more… ]March 20, 2007
Here is an interesting article on some supply/demand aspects of the market that we're prominently featured in on Resources Investor. [ Read more… ]March 20, 2007
This week, with few economic reports being released, the precious metals sector should closely track the energy markets and currency movements. [ Read more… ]March 20, 2007
Traders eye this week's U.S. economic data, fed interest-rate decision [ Read more… ]March 20, 2007
Gold futures rose early Friday, boosted by a weaker U.S. dollar, which remained sharply lower against the other major global currencies. [ Read more… ]March 16, 2007
(MarketWatch) - This is an extended piece just out on the gold market that has just about every market prognosticator we're familiar with….Kitco, Brien Lundin, Goldseek.com, etc. [ Read more… ]March 16, 2007
This story gets trotted out every so often as analysts start trying jump out in front of the next big deal. [ Read more… ]March 16, 2007
NEW YORK (MarketWatch) -- Gold futures logged their first gain in five sessions on Thursday... [ Read more… ]March 16, 2007
SAN FRANCISCO (MarketWatch) -- Copper climbs to a 3-month high on falling supply, stock market rebound [ Read more… ]March 16, 2007
Gold prices in New York fell for the fourth session in a row as some investors sold the metal to cover another round of losses in equities. [ Read more… ]March 14, 2007
Market news and feedback on a correlation between equity market and the precious metals sector. [ Read more… ]March 14, 2007
FN Arena News - Yesterday the European Central Bank system reported 0.5t (16,000oz) of gold sales for the week. [ Read more… ]March 14, 2007
This is my set of answers to a number of questions posed to me from a journalist. Thought I'd forward them along before they appear in a piece this week. [ Read more… ]March 14, 2007
Few quick points for this afternoon... [ Read more… ]March 14, 2007
Precious metals are waiting for some direction and this week should be when the market gets that nudge upwards. February PPI and CPI come out this week as well as current account deficit data. All of these data points will weigh heavily on the dollar. We're stuck in a wait and see game, but don't be surprised to see prices take a jump in front of the data releases on Thursday and Friday morning. [ Read more… ]March 13, 2007
Also this morning there is news out of China that additional steps are being taken to liberalize various markets in that country and the gold market was highlighted as one market that would be opened further. [ Read more… ]March 13, 2007
News just out that Buenaventura, large gold mining company from Peru, has reduced their hedge book by nearly 500k ounces in the last quarter, leaving their remaining hedge book at 1.45 million ounces. [ Read more… ]March 13, 2007
SAN FRANCISCO (MarketWatch) -- Prices end volatile session with a slight loss as oil falls, dollar declines [ Read more… ]March 13, 2007
NEW YORK (MarketWatch) -- Gold futures rose early Wednesday, finding support in a rebound in global stock markets and a broader recovery in commodity prices with gains capped by a mixed opening on Wall Street. [ Read more… ]March 7, 2007
The return of money to the precious metals sector this week should be fast and furious, pushing prices back up to levels seen two weeks ago ($660-680) for a number of different reasons by week end. [ Read more… ]March 6, 2007
After running from slightly overbought to extremely oversold in a period of one week, it looks like we made our bottom in the precious metals markets right where we called it yesterday morning and are ready to resume our move upwards in this bull market. [ Read more… ]March 6, 2007
SAN FRANCISCO (MarketWatch) -- Gold futures closed higher Tuesday to register their first gain in six sessions as a rebound in Asian and European stocks as well as gains on Wall Street helped boost demand for the precious metal. [ Read more… ]March 6, 2007
NEW YORK, March 6 (Reuters) - U.S. gold futures rose 1 percent on Tuesday, helped by bargain hunting and overseas buying, following a rebound in global shares after a tumultuous sell-off last week. Silver, platinum and palladium also tracked gold to trade higher. [ Read more… ]March 6, 2007
At some point this week, we'll see the shift back into precious metals, regardless of what global stock markets are doing. [ Read more… ]March 6, 2007
LONDON (AFX) - Gold recovered from a six-day losing streak that sent the metal to six-week lows in Asia earlier, as traders took comfort from signs of a modest recovery in global equity markets. [ Read more… ]March 6, 2007
"Crazy as it might seem after watching a week in which prices were down $40 per ounce, last week's activity and subsequent flight to cash across the board will help to strengthen investor interest in the future for precious metals," said Neal Ryan, director of economic research at Blanchard & Co. "Fundamentally, the supply/demand aspect of the precious metals markets couldn't look more bullish and investors have been presented with yet another nice dip in which to enter the market," Ryan said. [ Read more… ]March 6, 2007
Gold remains on the defensive, with investors "retreating into cash" amid concerns about markets generally, says Neal Ryan, director of economic research at Blanchard and Company. [ Read more… ]March 2, 2007
old futures fell to their lowest level in a month Friday, on pace for a fourth-straight losing session... [ Read more… ]March 2, 2007
Few points here today to keep track of as we see what happens in all US markets after yesterday's crazy ride. [ Read more… ]March 1, 2007
SAN FRANCISCO (MarketWatch) -- Gold futures closed Wednesday with a loss of nearly $15 an ounce, with the market still reeling a day after a global stock-market sell-off. [ Read more… ]March 1, 2007
Here we go for another one of those counterintuitive days... Dollar index is down, durable goods orders in the US are down 7.8%, stock markets around the globe are significantly lower this morning before the open of the US markets... [ Read more… ]February 27, 2007
We've entered the afternoon after some serious losses after this morning across the board in stocks and commodities. The losses in the stock market have now doubled and the Dow is down over 400 points. What to do? [ Read more… ]February 27, 2007
Decline steepens in electronic trading to touch a one-week low of $660 [ Read more… ]February 27, 2007
SAN FRANCISCO (MarketWatch) -- Gold futures closed lower Tuesday for the first time in three sessions on concerns that China's demand for commodities in China may weaken, but prices finished well above the day's worst level as gains in oil futures and declines in the U.S. dollar fed safe-haven investment in gold. [ Read more… ]February 27, 2007
Gold futures rose early Monday, as high crude-oil prices and Iran's continuing defiance with its nuclear program boosted the metal's safe-haven allure. [ Read more… ]February 26, 2007
Traders pile into precious metals on rising oil prices and trouble with Iran. [ Read more… ]February 24, 2007
Gold struck a fresh nine-month high amid strong physical demand, steep energy prices and increased geopolitical tensions [ Read more… ]February 24, 2007
NEW YORK (MarketWatch) - Gold futures rose on Friday, as higher crude-oil prices and a weaker dollar boosted demand for the precious metal. [ Read more… ]February 23, 2007
With the commodity volatility that we've seen this week, especially in energy and precious metals, no one is going to want to be short heading into a weekend with potentially large geopolitical issues yet to be resolved. [ Read more… ]February 23, 2007
Details of two earnings reports, showing that Barrick Gold and Newmont Mining anticipate less gold production in 2007, are supportive for the metal, says Neal Ryan, director of economic research at Blanchard and Company. [ Read more… ]February 23, 2007
Gold is up over 3% today and after some brief consolidation over the next day or two, should start higher in short order and break past the $700 level for the first time since May, 2006. We called this move in the market to a breakout last Thursday... [ Read more… ]February 22, 2007
As was expected when Barrick reported their 4th quarter this morning, the hedge position reduction was much more accelerated that expected by the market (total reduction in the last quarter and first part of 2007 totals 2.5 million ounces). [ Read more… ]February 22, 2007
NEW YORK (MarketWatch) -- Gold futures fell on Thursday, a day after rallying to a seven-month high, but oil prices, inflationary concerns and global political tensions are likely to keep the precious metal underpinned. [ Read more… ]February 22, 2007
SAN FRANCISCO (MarketWatch) -- Gold futures climbed Wednesday, sending their benchmark contract above $676 an ounce for the first time in six months... [ Read more… ]February 14, 2007
SAN FRANCISCO (MarketWatch) -- Gold futures closed higher Tuesday, recouping some of their recent losses... [ Read more… ]February 14, 2007
Few unrelated notes out this morning that are going to be moving metals markets... [ Read more… ]February 14, 2007
DJ NY Precious Metals Review: Gold, Silver Down With Oil By Alison Guerriere Ciaccio Of DOW JONES NEWSWIRES NEW YORK (Dow Jones) [ Read more… ]February 14, 2007
SAN FRANCISCO (MarketWatch) -- Gold futures declined Monday to give back part of last week's 3% gain... [ Read more… ]February 12, 2007
SAN FRANCISCO (MarketWatch) - Gold futures climbed above $660 an ounce Thursday morning... [ Read more… ]February 8, 2007
A weak U.S. dollar, increasing oil prices, and ever present geopolitical tensions will continue to affect precious metals prices... [ Read more… ]February 8, 2007
According to recently updated IMF reserves statistics, a number of central banks have begun purchasing significant quantities of gold over the past few months, [ Read more… ]February 7, 2007
Both platinum and palladium have been range-bound over the past month, showing weaker gains when compared to gold and silver in the same period, notes Neal Ryan of Blanchard and Company. [ Read more… ]February 6, 2007
The U.S. dollar index is looking weaker and oil prices are threatening to cross $60 per barrel for the first time in nearly a month [ Read more… ]February 6, 2007
As we move into a full day of Fed-speak across the country... [ Read more… ]February 6, 2007
This morning we've got oil moving higher, escalating political rhetoric in the Middle East, a slightly weaker than expected jobs report from the US government, a weaker US dollar index... [ Read more… ]February 5, 2007
Prices sink as much as $13 as dollar gains; other metals suffer broad losses. [ Read more… ]February 5, 2007
Long liquidation after a big run-up the prior two days sent gold futures and other precious metals sharply lower on Friday... [ Read more… ]February 5, 2007
We should see prices continue rising towards to the $680 range with little resistance and then need a new period of consolidation before setting off to challenge the May 2006 highs of $730. [ Read more… ]February 1, 2007
Gold edged higher Tuesday as dealers took positions ahead of Wednesday's Federal Reserve interest rate policy announcement. [ Read more… ]February 1, 2007
We're going to keep creeping upwards over the coming weeks until we hit a resistance point right near the last peak of May '06. [ Read more… ]February 1, 2007
The week for precious metals, t-bills, bonds and other interest rate sensitive investments should be fairly volatile... [ Read more… ]January 29, 2007
DJ MARKET TALK: Comex Gold, Silver Volatile Ahead Of Data [ Read more… ]January 29, 2007
A major move is expected this quarter for precious metals, says Neal Ryan of Blanchard Economic Research. [ Read more… ]January 25, 2007
A Blanchard & Company study calling for greater transparency in central bank gold lending accounting has apparently helped to convince the International Monetary Fund to adopt a landmark accounting change in the way central banks account for gold loans. [ Read more… ]January 23, 2007
In the last two weeks since we called a market bottom, we've had nearly a $45 move in the price of gold, a $1.25 move in silver and nearly $50 in platinum... [ Read more… ]January 23, 2007
Precious metals economic research entity has championed this issue as key to adding even more transparency, price growth to gold market [ Read more… ]January 23, 2007
Dow Jones MARKET TALK: Gold Supply Not Rising Despite Price [ Read more… ]January 18, 2007
I've cut out a lot of the fat from the report and put the salient points in below. [ Read more… ]January 18, 2007
The BCA has put out a new study on the potential for gold investors to continue enjoying significant increases in prices over the coming years. [ Read more… ]January 18, 2007
BERU puts out a lot of information on mining supply and central bank gold activity, mostly because we believe they are the two largest price influences on our markets that can change on a day to day basis. [ Read more… ]January 18, 2007
Gold and silver are still struggling to find some direction in the midst of the commodity (or rather oil) sector sell off since the beginning of the year. [ Read more… ]January 11, 2007
Economic Research Unit continues to expect dramatic growth in the first quarter of 2007 [ Read more… ]January 9, 2007
A mixed bag of quotes and articles over the weekend... [ Read more… ]January 9, 2007
Investment demand in Europe is continuing to build... [ Read more… ]January 8, 2007
Kitco and Blanchard Square Off Over Gold Market Manipulation [ Read more… ]January 8, 2007
Following the year end update showing that the Russian central bank had added nearly 10 tonnes of gold to their foreign exchange reserves... [ Read more… ]January 8, 2007
THE COMMODITY-MARKET ROLLERCOASTER ride of 2006 may careen on in the new year. [ Read more… ]January 8, 2007
Gold prices look set to rocket in 2007... [ Read more… ]
January 8, 2007
Investors are poised to pour more money into the gold market in 2007, possibly propelling the metal... [ Read more... ]December 27, 2006
Central Bank buying and selling activity over the past quarter has been updated as of today by the... [ Read more... ]December 19, 2006
The market activity today should be thin and rather muted until we get the Fed decision on interest... [ Read more... ]December 12, 2006
Led by a weak dollar, Gold prices are expected to move higher by the end of 2006 and could hit a... [ Read more... ]December 11, 2006
Here are some charts of our past price predictions and recommendations in the last 5 years as well... [ Read more... ]December 11, 2006
Here is some additional food for thought on commodities markets and a reminder that we have the... [ Read more... ]December 5, 2006
To follow up on yesterday's theme of China-centric news, below is more information about the easing... [ Read more... ]December 5, 2006
There aren't going to be a lot of economic data points to move the market around this week until we... [ Read more... ]December 4, 2006
New economic reports just released that show that the US manufacturing sector output was... [ Read more... ]December 1, 2006
Today is going to be an interesting one as we've got a lot of macroeconomic US data coming out... [ Read more... ]November 28, 2006
We believe that gold's role as the alternative currency to the dollar will be the largest reason... [ Read more... ]November 27, 2006
So the question of the day...How much higher is platinum going to go? I'll be the first to admit... [ Read more... ]November 21, 2006
As we've repeated for the last few months, the next leg up for precious metals will be their... [ Read more... ]November 16, 2006
Last night and this morning we had a raft of metals reports hit the wire from the World Gold Council... [ Read more... ]November 15, 2006
Gold was sliding again Wednesday as the dollar strengthened and fund managers took profits. Prices... [ Read more... ]November 15, 2006
Some quick news out of South Africa...Newmont's CEO has gone on record stating he sees gold... [ Read more... ]November 14, 2006
More good news on the gold mining production side, SA just reported monthly numbers and production... [ Read more... ]November 9, 2006
So what happened today to cause the big jump in prices in the 2nd half of the market?... [ Read more... ]November 9, 2006
The outcome of U.S. congressional elections may be putting slight pressure on gold futures so far... [ Read more... ]November 8, 2006
Here are some bullet points summarizing a lot of gold positive news over the past several days… [ Read more... ]November 8, 2006
Economic Research Unit says metals poised for continued bull market… [ Read more... ]November 8, 2006
Remember, gold is a currency story, not strictly a commodity story now. The US Dollar is... [ Read more... ]November 1, 2006
Here are a hodgepodge of thoughts for today as we see precious metals continuing their gains from... [ Read more... ]October 30, 2006
Gold and silver are off and running this morning and should be both challenging their significant... [ Read more... ]October 26, 2006
The gold and currency markets will be treading water today until we have the release of the Fed... [ Read more... ]October 25, 2006
This morning we had the government report the Producer Price Index (PPI) and tomorrow we'll get the… [ Read more... ]October 17, 2006
The US Dollar should continue it's downdraft in the coming weeks and months, mostly helped by… [ Read more... ]October 12, 2006
Two more pieces of good news today on the supply side of our market. SA gold production is expected… [ Read more... ]October 6, 2006
Several different takes on the market this AM from articles around the financial world. Speculation is… [ Read more... ]October 5, 2006
To expound a little further on the gold/oil/politics relationships I touched on yesterday, here are… [ Read more... ]October 4, 2006
We know Central Banks aren’t selling as much gold as years past, dehedging has been a very big… [ Read more... ]October 3, 2006
The gold price seems to be jousting with $600 today. Hopefully it can break convincingly above that mark… [ Read more... ]September 27, 2006
Just a quick update with more to follow, but the European Central Bank updated sales totals for the past… [ Read more... ]September 26, 2006
Few things this AM...with the lack of major price decreases during the London market in the last week... [ Read more... ]September 22, 2006
"In the week ending 15 September 2006, the decrease of EUR 499 million in gold and gold receivables..." [ Read more... ]September 19, 2006
US trade and account deficits are continuing to grow signaling an impending dollar depreciation, which... [ Read more... ]September 18, 2006
Tough last week, but looks like we're making our bottom before we start getting the news that will really... [ Read more... ]September 13, 2006
Looks like we're starting out September with a bang. Major trends in supply and demand are exerting... [ Read more... ]September 5, 2006
Precious metals markets are looking in particularly good shape as we head into the Labor Day weekend and... [ Read more... ]August 31, 2006
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