Featured Market Commentary Archives
Gold is cheap to buy at $1,100/oz: Marc Faber3 January 2010
Global investing guru and publisher of the famous Gloom, Boom and Doom report Marc Faber says gold is cheap at $1,100 per ounce and it will be prudent if investors buy the yellow metal at this rate so that they can reap rich dividends in 2010.
Gold heading for $1,500 before mid-2010 - SocGen16 December 2009
The bank suggests buying into the recent commodities correction as it expects precious metals to outperform the rest over six months as investors' fears intensify about inflationary pressures exacerbated by political interference.
Investment to drive gold price to $2,000-$3,000 or more but only over a few years.28 October 2009
Jeff Nichols sets out his views on gold and the gold price in a presentation in Hong Kong.
Nichols gets even more bullish on gold5 October 2009
With continuing stress in western economies, particularly in the U.S, changing attitudes towards gold from Central Banks, the desire to diversify reserve holdings by some major economies and the growth in ETFs, the outlook for the gold price is strong.
Gold to go above $1,100 in 2010 - Deutsche Bank1 October 2009
A weaker dollar and government deficit-fueled inflation should help push the yellow metal to a new high
Marc Faber delivers speech, takes on Paul Krugman27 September 2009
Economic forecaster of the current global financial crisis and publisher of Gloom Boom Doom Marc Faber delivered a speech in Hong Kong on Friday and took on nobel-prize winner Paul Krugman's latest article "How Did Economists Get it So Wrong?"
$5,000/oz gold? Rob McEwen says it's coming in 2014 or 201515 September 2009
Über gold promoter Rob McEwen has also developed a taste for silver mining.
Gold has nowhere to go but up!15 September 2009
This is the view of a number of market commentators who see a few pivotal economic events coming together to support the price of the yellow metal.
17 July 2009
Worries about the economy and the success in marketing gold ETFs has seen Swiss banks finding difficulty in meeting secure storage requirements for gold bullion.
Gold equities to outperform the metal in 2009 - Investec Asset Management15 July 2009
Gold equities were likely to significantly outperform the gold price in the second half of 2009 ...
Commodities is the place to be, says Jim Rogers14 July 2009
Jim Rogers bullish on gold and silver
US bond sell-off putting pressure on other parts of the economy12 June 2009
The yield on the ten-year bond surged by an unusual 19 basis points (to more than 3.7%), bringing the one-month move to almost 100 basis points.
Buffett predicts higher inflation, lower dollar3 May 2009
In the 44 years he's been building a reputation as the world's savviest investor, Warren Buffett has rarely offered any good news on gold. Until now.
26 March 2009
Gold appears to be enjoying a rehabilitation of its historical might and role as a financial asset, as investors look toward safe haven assets in these volatile times, says a new CPM gold report.
World mints report soaring demand for gold coins13 March 2009
Mints around the world say demand for gold coins has risen sharply as interest in the precious metal soars on the back of financial instability and concerns over the inflation outlook
Pimco Predicts Inflation, Joining Buffett, Marc Faber11 March 2009
Pacific Investment Management Co. which runs the world’s biggest bond fund, joined investors Warren Buffett and Marc Faber in saying inflation will quicken, sounding a warning for Treasury investors.
Sharp rise in industrial metals ahead and gold may reach $200010 March 2009
Christopher Wyke, who oversees Schroders commodities funds,is rather less pessimistic than most on industrial metals and very bullish on gold should the dollar start to drop.
Gold bullish, silver volatile, ‘as no quick fix' to global financial crisis is likely10 March 2009
ScotiaMocatta says silver outperformed gold last month, but volatility in silver is likely to remain high.
Gold poised. Experts predict $1000 plus9 February 2009
Many analysts and bankers now expect gold to break through $1,000 in the near term and probably go higher on financial instability and potential US dollar weakness.
J.P. Morgan urges investors to buy gold for the holidays1 December 2008
J.P. Morgan analysts John Bridges and Steve Shepard recently advised, “We’d be buying some gold for our Christmas stocking and Hanukkah gifts.”
Gold holds its value despite a concurrence of normally adverse factors28 November 2008
Gold has shown a steady performance despite a number of economic factors which would normally be seen as bearish for the metal price.
Structural deficit in gold supply could send prices higher27 November 2008
Wellington West Capital Markets analysts suggest that investors “revisit investing in the junior and intermediate gold producers.”
Gold is the answer. Now what was the question?26 November 2008
The gold price looks set for a positive phase, but a rapid and strong surge may still be an unlikely scenario.
Citigroup says gold could rise above $2,000 next year as world unravels26 November 2008
Gold is poised for a dramatic surge and could blast through $2,000 an ounce by the end of next year as central banks flood the world's monetary system with liquidity, according to an internal client note from the US bank Citigroup.
Gold will go even to $2,000 in two years23 October 2008
Expect short-term hesitancy in the upward movement of the gold price until liquidity returns to the markets ...
Barclays Capital analysts see gold price reaching $1,000 again this year10 October 2008
Commodity prices seen to stay weak for remainder of year, but gold a positive pick as a relatively safe asset.
Rand gold price to strengthen still30 September 2008
Though Investec Asset Management believes the rand gold price will continue climbing, it does not expect gold producers earnings to rise.
Gold futures rise 2% as safety buying continues7 Ocober 2008
Gold futures rose nearly 2% Tuesday, building on gains from the previous session.
Gold to record highs within six months – Barclays Capital29 September 2008
Reconsideration of gold's merits should push it to new highs as uncertainty and a weak dollar are likely to dominate markets.
GFMS' Walker looking for $1,000 gold soon29 September 2008
Paul Walker, CEO of metals analysis specialists GFMS reckons that gold will surge through $1,000 again and stay strong for 12 to 18 months but may then fade.
Private bankers may turn to gold, while Central Banks less likely to sell29 September 2008
According to HSBC's chief gold trader, Private Banks which had disinvested from gold in the 1980s and 1990s in favour of higher earning investments will likely return to holding more of their assets in gold as a less risky alternative.
Gold, precious metals soar as dollar weakens22 September 2008
Gold soared more than 2 percent on Monday as the dollar weakened and fears spread that a $700 billion U.S. plan to stabilise the financial sector may not be enough to avert further trouble ahead.
UBS urges clients to buy gold - we already are say investors28 August 2008
The necessary conditions have been satisfied and it is time to invest in gold once more; while ETC flow suggest interest in commodities has returned.
Gold price of $2 000/oz-plus needed to replace infrastructure – Gold Fields25 August 2008
A gold price of more than $2 000/oz would be required to replace Gold Fields’ infrastructure, said the company’s CEO Nick Holland on Monday.
Gold to scale new peaks as mining costs grow27 August 2008
Gold prices are likely to scale new peaks as market fundamentals tighten.
Now, UK too joins gold rush20 July 2008
If Britons still have some money left after the credit crunch, they are investing it in the good old yellow metal — just like Indians.
Oil is a commodity, gold is money - decoupling will happen19 July 2008
With the global oil price suffering a significant correction in the past few days, gold too is showing signs of weakness, but the oil price and gold price should decouple as the one is a commodity and the other ‘money'.
$1000 gold and $20 silver in sights again as investors flee financial stocks16 July 2008
The collapse of world stock markets is again pushing gold’s safe haven status to the forefront within the investment community.
Gold Sector in a Post-Bubble Environment14 July 2008
We should be very close to the period where gold stages its next significant rally. The secular model, continued weak US Dollar, seasonality and COT data support this conclusion.
There's nothing like the prospect of war to kick-start the gold price again12 July 2008
Sabre rattling in the Middle East from Iran and Israel is again having a positive impact on the gold price, while other fundamentals are supportive too.
Gold secular bull market is still intact and remonetisation has begun!11 July 2008
Austria’s Erste Bank predicts a ‘shiny outlook’ for gold in a very detailed Special Report.
Citigroup says long-term gold price could double or even triple30 June 2008
Citigroup suggests that inflation and the fabrication outlook favor gold.
Where Allan Gray and Warren Buffett differ4 June 2008
Hint: it involves a view on a peculiar metal.
Hmmmmm?June 2008
What this country needs is either a good 5¢ cigar or the reincarnation of an Illinois “rail-splitter” willing to tell the American people “what up” – “what really up.”
Gold: Get some sun, stop worrying29 May 2008
Gold down, silver down, oil down (maybe), copper down, sugar down, cotton down, rice down, wheat down, CRB Commodity Index down -- what the devil is going on?
Bears beat up on gold bullionn24 April 2008
The outlook for bullion is to the downside for now; a longer-term positive outlook appears, however, to remain intact.
Signs of the times11 April 2008
Bob Hoye advises that the orthodox research crowd is handicapping itself with inadequate research.
Merrill Lynch sees $1,000 gold by 200920 February 2008
Merrill Lynch analysts Michael Jalonen and Jeffrey Schok have increased their gold price forecasts to an annual average of $1,000/troy ounce by 2009...
Secular commodities bull continues into 200817 January 2008
The rebirth of the secular bull market of commodities beginning in 2000 can be mainly contributed, first, to the cresting and eventual decline of the U.S. dollar and, second, the mounting economic expansion of China and India..
Survey: $1 000 gold possible in 200817 January 2008
"We have to start viewing $1 000 as a clear possibility for later this year," precious-metals consultancy GFMS said on Thursday.
Heightened gold volatility expected in 200812 December 2007
The latest study from VM Group implies that gold investors should make the most of 2008.
Gold at $900/oz in 200811 December 2007
The gold price will surge to a record high of $900/oz ..
An Embarassment of Riches, Part II21 November 2007
The Goldilocks protagonists will say, "Yes, consumption is a symptom of economic strength." Personally, I think it depends on how consumption came about.
Gold price hiatus slows overall rate of increase20 November 2007
The market has taken a longer pause for breath from its heady rapid runup to $840 only a couple of weeks ago but the overall uptrend should still be in place.
RBCCM predicts bullish gold price upswing15 November 2007
The Royal Bank of Canada’s investment banking arm is looking to $900 gold in 1Q 2008 ...
Gold May `Easily' Rise to $1,000, Marc Faber Says15 November 2007
Gold may ``easily'' rise to a record $1,000 an ounce next year as the dollar weakens...
Where's it all going?13 November 2007
Pakistan in chaos, the US continuing to run massive current account deficits, the dollar suddenly rallying, the stock market shaky, US banks reeling...
Bretton Woods II: Coming Apart at the Seams7 November 2007
Emerging market currencies are on the move and the risk is of a further down leg for the US currency that could develop into a disorderly crescendo.
Gold powers through $800 - hang on for a bumpy upwards ride4 November 2007
Gold moved through $800 on Friday with hardly a pause for breath, which keeps it on track for $900 plus by the end of the year.
Newmont sees extended gold bull run18 October 2007
World number-two gold producer Newmont believes that the golden bull will continue to run “for a number of years”.
IMF chief reverses dollar position, says U.S. currency has room to fall16 October 2007
IMF chief de Rato said the dollar has more room to fall over the next several years...
Boomers and Clean Gold12 October 2007
It's just starting. I'm talking about the monster drain on money ...
Macro, supply/demand could send gold soaring to $1,000/oz9 October 2007
Citigroup suggests that $1000/oz gold could become a reality ...
US Money Supply is headed higher9 October 2007
The extremely competitive exports of Asia and particularly China has exerted deflationary pressure ...
Gold to punch through $800/oz in 200826 September 2007
Gold guru Martin Murenbeeld is predicting an average gold price of $823/oz for 2008 ...
Gold could test $85021 September 2007
One of the surprises in the current frothy and volatile gold market, which could see prices testing $800 by year-end ...
Bullish on gold; may see short squeeze20 September 2007
Juerg Kiener, MD and CIO of Swiss Asia Capital is bullish on gold and silver and soft commodities. He has long positions in crude and he believes gold may see a short squeeze. He is also bullish on nickel on 50% correction. He is cautious on base metals and energy.
Gold bull run set to continue13 September 2007
Gold's bull run is likely to continue in the medium term and prices may surge beyond last year's 26-year high, boosted by safe-haven buying, strong fundamentals and tensions in the Middle East.
All that is gold does not glitter17 July 2007
So what does the future hold? Will gold continue to do well? Will gold shares continue to under-whelm?
Credit Suisse prefers gold as base metals prices due for correction14 May 2007
Credit Suisse warns that base metals markets are becoming increasingly overheated with a potential price correction looming. The prospects for gold, however, continue to improve with lower central bank sales, and reduction of hedgebooks.
Ten to Fifteen Year Uptrend1 May 2007
Raymond James says long-term and seasonal trends support investment case for mining equities.
Harmony bullish on gold, uranium25 April 2007
South African gold miner Harmony (HAR) is bullish about prospects for the dollar gold price
Gold fund strategy for the decade - Building on Brown's Bottom19 April 2007
Changes in the world gold production scenario have, of necessity, meant that to stay ahead of the game, gold fund managers have had to make major strategy changes.
Gold stock “buy” signal pops up18 April 2007
The spot-gold to Philadelphia gold & silver index ratio is currently predicting a 22.5% return for a one-year stock holding.
8 Bullish Factors6 April 2007
Balance of probabilities favours gold at $730 by year-end, average $765 in 2008
Patrick Hosking27 March 2007
In the past five years institutional investors have diverted growing sums into commodities, attracted by the yields and the diversification properties. Energy and many raw material prices have soared, with booming demand from China and India cited as explanation, producing strong returns for many commodity investors.
America and the Dollar Illusion25 October 2006
The dollar is still the world's reserve currency, even though it hasn't deserved this status for a long time. The devaluation of the dollar can't be stopped - it can only be deferred. The result could be a world economic crisis.
America's Middle Class Has Become Globalization's Loser24 October 2006
At the beginning of the 21st century, the United States is still a superpower. But it's a superpower facing competition from beyond its borders as well as internal difficulties. Its lower and middle classes are turning out to be the losers of globalization.