The Gold Blog

Further news about the divergence of the futures and physichal bullion markets. In a story entitled ‘Gold set to cement safe haven status‘ the FT relates how:
Bankers at the Kyoto’s meeting said spooked investor were so deeply worried about the stability of the financial system, than rather than just investing in gold, they were placing [...]

“Gold Will Be Looked At In A Very Different Light Going Forward”
Gold rose yesterday on bank failures and systemic fears in Europe and after the US Congress voted against the Paulson and Bush bailout plan (gold closed at $888.40, up $7.20 while silver closed at $12.93, down 45 cents). Subsequently, gold surged in after hours [...]

Gold and silver rose slightly Friday (gold closed at $881.20 up $6.80 while silver closed at $13.38 up 19 cents). They were thus higher (gold by 2% and silver by 8%) for a second consecutive week which is very bullish from a technical basis and with momentum and the trend now up it looks like [...]

New World Financial and Economic Order
Gold and silver fell yesterday (gold closed at $874.40 down $13.30 cents while silver closed at $13.19 down 18 cents) despite the wider markets becoming increasingly nervous regarding the possible US bailout.
Oil rose but the dollar’s strength, despite the litany of increasingly bearish news confronting the world’s reserve currency, led [...]

Physical Demand Surges Internationally on Supply/Demand Fundamentals and Macroeconomic, Inflation and Systemic Risk
Gold was flat while silver rose yesterday (gold closed at $887.70 up 90 cents while silver closed at $13.37 up 25 cents) as gold continued to consolidate near eight week highs. The COMEX October gold contract expires later today and there are significant [...]