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The Spot Price of Gold is $
1247.50
Current as of
Sep 03, 2010 10:24AM . Not For trading purposes
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Spot Price of Gold –
120 Days
The chart above represents the spot price of gold per ounce for
the last
120 Days . Spot prices are not for trading purposes. For the most
up-to-date information, please contact a Blanchard and Company, Inc.
Gold Expert at
1-866-827-4311 .
Gold Market News & Analysis
September is a historically dreadful month for stocks, explains MarketWatch columnist Mark Hulbert in his article "September by the numbers." In contrast, gold traditionally enjoys its biggest gains in September. From Hulbert's column: [ Read more… ]September 2, 2010
"I don't see gold as a defensive trade; I see it as the leading bull market on Earth," says fund manager Charles Morris, who oversees about $2.5 billion at HSBC Global Asset Management's Absolute Return fund. [ Read more… ]September 2, 2010
Precious-metals expert David Levenstein discusses the significance of Fort Knox's gold in his article "Gold and the forex market: A look at the relationship between the yellow metal and currency markets and why it is important to know how much gold is in Fort Knox": [ Read more… ]September 2, 2010
Jeff Mosseri, president of New York-based Greystone Asset Management and a director of Axiom Capital, and Doug Loud, the executive director of both companies, recently gave their read on the U.S. economy and gold in an interview with The Gold Report: [ Read more… ]September 2, 2010
From economist Scott Grannis, the "Calafia Beach Pundit," posted on The Business Insider: [ Read more… ]September 1, 2010
From The Business Insider: The powerful stock market surge and the decent ISM manufacturing report prompted [CNBC "Squawk on the Street" co-anchor] Mark Haines to ask this morning: "Is the double-dip dead!?" [ Read more… ]September 1, 2010
Gold rallied above $1,250 an ounce before falling back to around $1,245 as strong U.S. manufacturing data boosted investor appetite for riskier assets such as stocks. [ Read more… ]September 1, 2010
"I've always advocated a 5 percent to 10 percent weighting in gold in a diversified portfolio, and what's really important is seasonal patterns," says U.S. Global Investors chief Frank Holmes says in an Aug. 31 CNBC interview. "The best season is this quarter, starting right now. ... For the next five to six months we have usually great seasonal demand for jewelry buying, where there's an emotional attachment to gold" in Asia and the Middle East. [ Read more… ]August 31, 2010
The United States needs to stop printing money and take on austerity measures like the Europeans did in order for the economy to recover, said international investor Jim Rogers, chairman of Rogers Holdings. [ Read more… ]August 31, 2010
"This fall we're looking at $1,325 as a minimum goal on the December futures, which expire after Thanksgiving," Trader Tracks editor Roger Wiegand says of gold prices in an interview with The Gold Report. [ Read more… ]August 31, 2010
Gold was set to end August at its highest for two months on Tuesday after more data highlighted the cracks in the U.S. economic recovery, pushing bullion prices up for a third day. [ Read more… ]August 31, 2010
When are investors going to stop getting suckered by Ben Bernanke? [ Read more… ]August 31, 2010
Rep. Ron Paul (R-Texas) said he plans to introduce legislation next year to force an audit of U.S. holdings of gold. [ Read more… ]August 31, 2010
"We see gold starting to make its run back to the highs. We're within $20 or $25 and we're sustaining these levels. ... We can make it into new highs before the end of the year," says Frank McGhee, head dealer at Integrated Brokerage Services LLC, in an Aug. 30 interview with Bloomberg. [ Read more… ]August 31, 2010
From Bloomberg News: Investors are accumulating enough bullion to fill Switzerland's vaults twice over as gold's most accurate forecasters say the longest rally in at least nine decades has further to go no matter what the economy holds. [ Read more… ]August 30, 2010
Jeff Nielson of Bullion Bulls Canada has already pointed out that Jason Toussaint, managing director for the GLD exchanged-traded fund (ETF), does not own any shares in GLD but does own physical gold and mining stocks. But it gets worse, according to the Golden Truth blogger, who pays close scrutiny to an interview Toussaint recently gave: [ Read more… ]August 30, 2010
The number of individual investors who have a bullish outlook on the stock market for the next six months plunged to 21 percent, from 30 percent last week, according to a widely followed sentiment survey. [ Read more… ]August 30, 2010
Federal Reserve Board Chairman Ben Bernanke said Friday that the central bank would not sit idly and let the U.S. economy sink into a period of deflation. [ Read more… ]August 30, 2010
From ZeroHedge: "In this week's Big Interview, the WSJ's Simon Constable interviews Robert Shiller, who flat out says that an economic double dip may be 'imminent.' This compares to his earlier warning that he saw the chances of a double dip at over 50%. Guess that probability has now doubled. Notably, Shiller also believes that when the NBER looks back at the data, Q3 of this year will mark the beginning of the second dip of the recession. Ironically, since up to now the previous recession has never actually officially ended, very soon the NBER will merely confirm that the recession which started in December 2007 will have continued for three years, in what is possibly the longest recession on record. Furthermore, those looking to sell houses are advised not to listen to the interview, as the co-creator of the Case-Shiller Home Price Index also added that he is worried housing prices could decline for another five years. He noted that Japan saw land prices decline for 15 consecutive years up to 2006. Following up on this week's weakest new-home sales data in history, this should probably not come as a big surprise to most." [ Read more… ]August 30, 2010
"There is an instinctive conclusion among the American public that President Obama's stimulus package has failed to create a sustained recovery," writes billionaire publisher Mortimer Zuckerman in his article "The Most Fiscally Irresponsible Government in U.S. History." [ Read more… ]August 30, 2010
"Don't think for a moment that the U.S. will follow the path of Japan," writes Julian D.W. Phillips of The Gold Forecaster. "Deflation is not an option for the consumer-driven economy of the U.S. We believe that the path Mr. Bernanke has chosen for the U.S. has to be followed all the way. Today, he stated that he was ready to act to defeat deflation, should it arrive. Quantitative Easing will lead to inflation. Inflation is an acceptable alternative to deflation, because it is easier to cure inflation than deflation. But the government of the U.S. is likely to wait until deflation is biting before they act, then the stimuli will have to be heavy as will consequential inflation. This prospect is bringing tremendous doubts about the value of Dollar and other currencies. ... [ Read more… ]August 30, 2010
From the Business Insider: The latest revision for U.S. Q2 GDP came in at 1.6%, which was higher than the 1.3% reading expected by consensus, but well below the 2.4% value previously reported by the government. Thing is, the latest GDP report shows just how dependent the U.S. economy was on government spending during the second quarter. [ Read more… ]August 30, 2010
In an Aug. 26 strategy paper titled "FX Alert: QE2 as USD end-game," Citibank currency strategist Steven Englander says a new round of quantitative easing by the Federal Reserve could spell doom for the U.S. dollar. The paper's three main points are: [ Read more… ]August 30, 2010
The national debt is the single biggest threat to national security, according to Adm. Mike Mullen, chairman of the Joint Chiefs of Staff. Tax payers will be paying around $600 billion in interest on the national debt by 2012, the chairman told students and local leaders in Detroit. [ Read more… ]August 27, 2010
Gold demand in Vietnam, which consumes more of the precious metal per head than India and China, is set to surge as the third devaluation in the past year and a stock-market slump combine to spur sales. [ Read more… ]August 27, 2010
From The Wall Street Journal: September could be the month that gold prices finally move to new record highs, traders and analysts say, as the gloomy macroeconomic outlook plays into the hands of the bulls. [ Read more… ]August 27, 2010
Gold, headed for a 10th annual gain, may reach at least $1,300 an ounce this year as investors seek a shield against financial turmoil, weak currencies and inflation, according to GFMS Ltd., a precious-metals consulting firm. [ Read more… ]August 27, 2010
In his article "America's Debt: The Big Wave," Damien Hoffman of Wall St. Cheat Sheet presents a frightening infographic detailing the monstrous debt problem threatening the U.S.: [ Read more… ]August 27, 2010
A number of the world's biggest banks have launched international roadshows promoting the use of the renminbi to corporate customers instead of the dollar for trade deals with China. [ Read more… ]August 27, 2010
Ever wonder what it's like to open up a "Monster Box" of 500 Silver American Eagle coins? This short video shows one investor's excitement as he cuts the seals on his brand-new green Monster Box from the U.S. Mint in West Point, N.Y., and dons white gloves to handle the coins. [ Read more… ]August 27, 2010
CFD market strategist David Morrison explains "Why I'm betting on silver" in his article at IBTimes: [ Read more… ]August 27, 2010
Jeff Nielson of Bullion Bulls Canada says something's missing from the portfolio of a managing director of GLD, the gold-related exchange-traded fund, or ETF. If Nielson is correct, this GLD executive holds physical bullion, not the "paper gold" ETF he manages: [ Read more… ]August 27, 2010
From Gains Pains & Capital editor Graham Summers of Phoenix Capital Research in his article "The 'Flight to Safety' Trade Your Broker Won't Tell You About": [ Read more… ]August 27, 2010
A noted bearish strategist said Thursday that the S&P 500 will tumble to 450 because conditions in the U.S. are "much, much worse" than during the lost decade in Japan. [ Read more… ]August 27, 2010
Gold expert Jeff Clark tackles this question for Casey's Gold & Research Report: "Should I buy gold now, or wait for a pullback?" [ Read more… ]August 26, 2010
From the Business Insider: "As the Eurozone crisis made headlines, European retail demand for gold surged in the second quarter. [ Read more… ]August 26, 2010
From TheStreet.com: "Gold prices have risen more than 10% in 2010, closing Wednesday at $1,241 an ounce. Rising unemployment in the U.S., import slowdown in China, weak global economic data and a struggling eurozone have triggered gold's recent surge, but those issues don't tell the whole story. [ Read more… ]August 26, 2010
One in 10 American households with a mortgage was at risk of foreclosure this summer as the government's efforts to help have had little impact stemming the housing crisis. [ Read more… ]August 26, 2010
The U.S. government needs to take steps to preserve its top AAA rating, a Standard & Poor's Ratings (S&P) official told Dow Jones newswire in an interview Thursday. [ Read more… ]August 26, 2010
The Bank of Korea, which has shunned adding gold to foreign-exchange reserves, is "under pressure" to consider purchases as the global economy worsens and the price advances, Shinhan BNP Paribas Asset Management Co. said. [ Read more… ]August 26, 2010
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