Barclays Comfortable With Gold and Platinum, but Sees Silver Fundamentals as "Tarnished"
- Written by Marc Courtenay
- Tuesday, 20 May 2008
In their latest Commodity Investor report, Barclays Capital forecast a "tarnished outlook" for silver this year, asserting that "silver's fundamentals appear to be the weakest within the precious metals complex." It appears they are a bit more optimistic on gold pricing, however. We assume Barclays; projections are not long-term and, like us, they perceive some weakness in the precious metals markets over the next few months.
Add a commentGold's Short-Term Uptrend is Broken, Long-Term Trend is Bright
- Written by Marc Courtenay
- Friday, 04 April 2008
The Bespoke Investment Group (http://www.bespokepremium.com/) recently released the following charts of great interest to all gold investors. Silver investors know that gold and silver usually move in lock-step with each other, although we at ChecktheMarkets.com anticipate silver outperforming gold over the next few years. The following is the information from Bespoke Investment Group:
Add a commentGOLD CHIEFS VERY BULLISH ON GOLD PRICES
- Written by Marc Courtenay
- Thursday, 13 March 2008
THE CEO OF YAMANA GOLD (NYSE:AUY) AND THE CEO OF GOLDCORP (NYSE:GG) ARE CONVINCED GOLD PRICES [AND SILVER'S PRICE] ARE GOING MUCH HIGHER!
Soaring gold prices are likely to breach $1,500 an ounce in 2008, the chief executive of Canada's Yamana Gold Inc said in early March.
"There is a good chance we will see it before the end of this year," Peter Marrone told the Reuters Global Mining Summit in London.
Gold was quoted at on March 12th at over $981 an ounce. Silver has rebounded yet again to well over $20. Analysts see volatility in the near-term and maybe even a correction as this leg of the bull market is getting a little long in the teeth. But the longer-term looks brighter than ever.
Add a comment5 Fundamentals to Drive Gold Prices Higher in 2008, Surprisingly Higher
- Written by Marc Courtenay
- Wednesday, 20 February 2008
Since hitting record highs above $900 since the first of the year, gold had shown continued strength at those price levels amid expected volatility, and analysts at Blanchard and Company Inc. say five specific fundamentals will continue to drive the price up through the end of 2008. Their point of view and insights harmonize well with the other precious metals experts we have interviewed and studied.
"Gold has experienced a shift in fundamentals when compared to 1980's speculative highs, and today there are five factors that will drive prices higher - supply and demand, dollar weakness, institutional buying, the price relationship between gold and oil, and global economic uncertainty," says Donald W. Doyle, Jr. Chairman and CEO of Blanchard. "Expect some price consolidations, which are healthy for the market, and view them as buying opportunities because we see the price ultimately going significantly higher than current levels in the long-term."
Add a commentSeven Good Reasons Why Gold Prices Will Continue to Rise
- Written by Marc Courtenay
- Friday, 25 January 2008
It's not hard to find 7 solid reasons why gold (and to the same extent silver) will be under increasing pressure to break to new highs over the months ahead. In fact the next several years will be a great, big upside surprise to most of the investing public. It's like watching a rumbling, smoking, belching volcano and wondering when it will erupt.
The question is whether a continuing decline in the value of the dollar will immediately begin to create greater demand for gold as an alternative to the dollar as a store of value. That question has pretty much been answered since the Federal Reserve did their unexpected 75 basis point rate cut on January 22, 2008. The compelling reasons, sound reasons that gold prices will continue to go up to new highs are undeniable and are the following:
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