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Why gold? What does the price of gold
have to do with anything? Good question.... keep reading...
Here is why we are monitoring the price of gold....
Gold powers to
record high on dollar, eyes $1,000/oz
By Atul Prakash
LONDON (Reuters) - Gold
set an historic high above $975 on Friday, propelled by speculative
buying on the back of record high oil and a lifetime-low dollar
against the euro. Read
the Entire Article.
Gold futures climb
to a close at 1980 levels :: Inflation concerns, CPI rise spark
renewed metals rally; indexes at records
SAN FRANCISCO (MarketWatch)
-- Gold futures climbed almost $13 an ounce Wednesday to close at
their highest level since 1980 as continued high crude prices and
the biggest jump in consumer prices in a year fanned inflationary
fears. Read
the Entire Article.
Change Is Upon
Us (News Dated 3/06/2006)
(by Paul Van Eeden) Longtime
readers of my commentaries may recall that I have been waiting for
the dollar to fall while US interest rates rise at the same time.
Even though it may not be intuitive that the dollar could fall while
interest rates rise, I think current events in both China and Japan
are setting the stage for it to happen.
To show how significant
recent announcements from both China and Japan are I am going to
recap the events leading up to them. If the following is too brief,
I suggest you read past commentaries on my website (www.paulvaneeden.com)
for more background. Read
the Entire Article.
J.P. MORGAN SEES GOLD NEAR $600/OZ BY YEAR-END (News Dated
1/23/2006)
LONDON (Reuters) - Gold prices may reach almost $600 an ounce by
the end of the year on supply worries, firming jewellery demand,
geo-political concerns and favourable currency environment, J.P.
Morgan Securities said in a report on Monday. Read
the Entire Article.
GOLD TOPS $500 IN OVERNIGHT TRADE (News Dated 11/29/2005)
LONDON (MarketWatch) -- Spot gold and gold futures topped $500
an ounce in after-hours trading Monday, passing an important psychological
barrier that hasn't been eclipsed in almost 18 years. Read
The Entire Article.
GOLD COULD HIT $US725 ON CHINA DEMAND -- by David
Vaughn
Gold really is preparing to drastically & spectacularly take
off soon & to cross a new threshold into a modern era &
a new price range.
GOLD READY TO TAKE OFF! -- by David Vaughn
Gold will now with certainty eventually rise to over $1,000 dollars
an ounce. With the Chinese Yuan revaluation & all the factors
that are now slowly coming into play it is only a matter of time
before gold resumes its upward climb. A point very pertinent to
drive home at present is just how serious the cards are now stacked
against the U.S. Dollar.
CHINA’S REVALUATION: “BIG JOURNEYS BEGIN WITH
SMALL STEPS” -- by Richard Benson
Just because the financial markets and press have responded to
the revaluation of the Chinese currency with a big yawn, as China
continues to take small steps toward making the Yuan a complete
convertible currency, the real question is “could the Chinese
Yuan become a world reserve currency on par with the Dollar, Euro,
and Japanese Yen?
With Headline statements like this is it no wonder that the world
will be under a one world currency sooner then most think. The gold
will back it! I believe that gold will be the number one source
to back the one world currency that will also lead to a one world
court system, government system, and so on.
Once the gold hits $1,000 an ounce you can bet that soon the world
will be gearing up for a one world currency. They will make a world
reserve. Keep watching the gold prices.
Alfred………
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