Gold News 16 Oct 2008

We will eventually see much higer gold prices, says Marc Faber
Marc Faber, the Swiss fund manager and Gloom Boom & Doom editor and publisher expects much higher gold prices as major currencies lose their purchasing ...

Diwali sales down; buyers wait and watch
Gold prices are normally high during the festive season but due to the recession, a strange trend has been observed. For once, people are actually coming ...

COMMODITIES-Recession fear slams oil, copper, grains
Gold prices were higher despite the higher dollar amid light safe-haven buying. Spot gold was at $844.45/846.30 an ounce at 1656 GMT, down from a session ...

Why Are Gold Prices Falling? Hint: It’s NOT Because Of the Dollar
Yet -- from its March 17 record peak, GOLD prices have plummeted more than 20%. As for an explanation, the mainstream experts have prepared an “exception” ...

GLOBAL MARKETS-Global stocks slide, gold rises on recession fear
Shorter-term US and euro-zone government debt rose, gold prices jumped more than 1 percent and the less-risky yen gained after reports on US retail sales ...

Recession fears hit oil, metals, grains
Almost alone, gold prices bucked the trend as nervous investors bought bullion, often considered a safe haven in turbulent times. Concerns were growing that ...

The Countdown of a Manipulated Gold Price Is Running Out
Yes, this is a paper market movement and for gold the price has been depressed. Also remember, banks are not lending money to each other and they have to do ...

Gold Blogs:

JP Morgan raises 2008/9 gold price forecast
However, it is trimming its expectations for platinum, palladium and silver prices on fears over falling demand for the more industrial precious metals. The bank now sees gold prices at $904 an ounce in 2008, against a previous forecast ...

Gold - Gold Price v Mini Stock Prices
Merrill Lynch this week reported that they are predicting gold prices to rise higher, maybe even to $1500 oz. Good news for gold investors. They have suggested that inflationary pressures will return to gold and commodity markets as a ...

Gold Stocks: Oversold?
However, gold is refusing to lie down and is trading at $841/oz as we write. Gold stocks on the other hand have been sold off even faster than mainstream equities (more…) Related on Gold Prices: Gold and Gold Stocks: The Correction ...

Commemorative collectors: Modern $5 gold prices
Does anybody know of any other good deals (or steals) in $5 gold commems right now? I think the prices on these 06's are just way too cheap right now. I think there's a lot of up side to these in the near future (although I'm not ...

The Countdown of a Manipulated Gold Price Is Running Out
Investors should preferably buy gold stocks such as Goldcorp (GG), Barrick Gold (ABX), Newmont Mining (NEM), AngloGold Ashanti (AU) or Harmony Gold (HMY) to gain direct exposure and leverage to a rising gold price. ...

16 October 2008 by Gerald

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