Archive for October, 2007
October 31st, 2007 | 
Author: 
The price of gold and the trading of gold stocks are hot topics in recent times. The price of gold is a well-studied area with plenty of information and opinions on the secular bull trend in gold. The correlation of gold stocks to the price of gold is a topic of interest for people trading gold stocks. An item of importance is the HUI Gold Bugs index on the AMEX (American Stock Exchange).
If you tried to buy gold stocks in August or September of 2008, you undoubtedly would have found yourself being stopped out as gold stocks were on a decline searching for a bottom. The HUI was around 300 in September and bottomed around 150 at the end of October. Near the end of January/2009, the HUI was back up to 300.
Supposing you did your due diligence and managed to buy gold stocks in the October/2008 timeframe and held it, you would be confronted with an interesting situation in February/2009. Having seen your investment double, what should you do? Should you take profit on your investment now and wait on the sidelines in anticipation of a correction in the price of gold and gold stocks? Should you continue to hold in anticipation of a further rise in gold? The $1000/ounce mark is on the horizon for gold with predictions abound on how high gold will reach, and when.
Let’s take a particular gold stock as an example for further discussion. Kinross Gold, KGC on the NYSE (New York Stock Exchange) and K on the TSX (Toronto Stock Exchange), is a HUI component. K on the TSX was at a low of $8.96 on October 24, 2008 and a high of $24.66 on January 20, 2009. Taking profit would yield $15.70 per share. An investor may choose not to take profit and continue to hold for long-term investment.
What if the predictions on the price of gold do not turn out? What if there is a correction in the price of gold? What if Kinross Gold diverges from its correlation with the price of gold, and suffers a pullback on its own? Do you take profits now, wait for the correction and then buy back later?
As an alternative, trading K on the basis of stock price trends (rise and drop cycles) can be equally profitable and allows for profits to be realized in real terms with continuing ability to react to the price movement of the stock. It is vitally important to use a good technical analysis method with the capability to react to price trends. Buy at the “valleys” and sell at the “peaks” in the stock chart.
StockTradersPlace analysis indicates a profit of $17.43 per share of K would be possible based on long and short positions traded during the period from October 24, 2008 to January 20, 2009.
StockTradersPlace (http://stocktradersplace.com) provides a trend following system that allows the trader to react to candlestick technical analysis indicators. The information is presented through candlestick charting to allow the trader to examine and visualize the trend following method in order to understand how it works and how it can be applied to successfully achieve winning trades on a consistent basis.
By: David S.Y. Wong
About the Author:
If you tried to buy gold stocks in August or September of 2008, you undoubtedly would have found yourself being stopped out as gold stocks were on a decline searching for a bottom. The HUI was around 300 in September and bottomed around 150 at the end of October. Near the end of January/2009, the HUI was back up to 300.
Supposing you did your due diligence and managed to buy gold stocks in the October/2008 timeframe and held it, you would be confronted with an interesting situation in February/2009. Having seen your investment double, what should you do? Should you take profit on your investment now and wait on the sidelines in anticipation of a correction in the price of gold and gold stocks? Should you continue to hold in anticipation of a further rise in gold? The $1000/ounce mark is on the horizon for gold with predictions abound on how high gold will reach, and when.
Let’s take a particular gold stock as an example for further discussion. Kinross Gold, KGC on the NYSE (New York Stock Exchange) and K on the TSX (Toronto Stock Exchange), is a HUI component. K on the TSX was at a low of $8.96 on October 24, 2008 and a high of $24.66 on January 20, 2009. Taking profit would yield $15.70 per share. An investor may choose not to take profit and continue to hold for long-term investment.
What if the predictions on the price of gold do not turn out? What if there is a correction in the price of gold? What if Kinross Gold diverges from its correlation with the price of gold, and suffers a pullback on its own? Do you take profits now, wait for the correction and then buy back later?
As an alternative, trading K on the basis of stock price trends (rise and drop cycles) can be equally profitable and allows for profits to be realized in real terms with continuing ability to react to the price movement of the stock. It is vitally important to use a good technical analysis method with the capability to react to price trends. Buy at the “valleys” and sell at the “peaks” in the stock chart.
StockTradersPlace analysis indicates a profit of $17.43 per share of K would be possible based on long and short positions traded during the period from October 24, 2008 to January 20, 2009.
StockTradersPlace (http://stocktradersplace.com) provides a trend following system that allows the trader to react to candlestick technical analysis indicators. The information is presented through candlestick charting to allow the trader to examine and visualize the trend following method in order to understand how it works and how it can be applied to successfully achieve winning trades on a consistent basis.
By: David S.Y. Wong
About the Author:
StockTradersPlace (http://stocktradersplace.com) provides a trend following method to boost your trading success. Use our stock trading method to execute winning trades on a consistent basis.
Grisel Schuneman
ewffaces asked:
Bob Chapman : excerpt of his weekly review on gold during his contribution to Goldseek Radio. Dow could go as low as 6000 in the coming months Host of the show is Chris Waltzek http://radio.goldseek.com/ The moving picture is Agnetha Faltskog, the girl with the GOLDEN hair.
Stephen Cossel
emartel01 asked:
Where is the best place to buy Gold or Silver bullion bars? On the internet (which site) or from a dealer? Where is the best place to buy precious metals that is certified?
Where is the best place to buy Gold or Silver bullion bars? On the internet (which site) or from a dealer? Where is the best place to buy precious metals that is certified?
What are the risks involved in buying precious metals?
Caitlin Ehrenberg
Mr Holmes says that there are several reasons for that not just one. He believes that all other commodities have gone through their inflation adjusted prices of 1980 except for Gold and Silver. So gold is more of a monetary asset, and its money around the world. Gold performs well in either inflation or deflation.
Thomas Winmill of the Midas Fund, one of the top performing precious metals funds believes that gold could see $1500 in the next 12 to 18 months. The fund managers have identified 5 factors which will drive gold prices higher.
1. Declining of the dollar.
2. More inflation in the future.
3. Investors will seek greater safety in gold.
4. Higher oil prices.
5. Gold should follow other commodities.
In a March 3, 2008 article entitled “Gold Beats Financial Assets as Investors Seek Haven”. Bloomberg reported that “Gold, Silver, Platinum and Palladium may be the best – performing financial assets this year as inflation and slow growth erode the value of the world’s major currencies, bonds and stocks.” “ Gold… may gain at least 24% this year as Federal Reserve Chairman Ben S Bernake prioritises cutting interest rates over controlling consumer prices.”
The long term outlook for the dollar are lower highs and lower lows. However, for gold bullion it is just the opposite, higher highs and higher lows. Gold is in a bull market because its core fundamentals are so outstanding.
The gold price is driven by supply and demand. Each year the world’s gold mines produce only 2,500 metric tonnes of gold. The best estimates indicate that the whole planet buys 4000- 5000 tonnes of gold a year. Therefore it is very clear that demand exceeds supply by 60% to 100%annually creating a structural shortage situation.
Also banks are no longer selling enough gold to make up for global demand above the amount of gold mined each year.
Billionaire financier George Soros was starting to buy gold once more. Mr Sorso has been a familiar name in gold. In April gold was at a 10 year low when he bought 10% of Newmont Mining Corporation from Sir James Goldsmith. In May gold prices shot up to $880 an ounce in two a days. Analysts have said that the huge push in gold has been triggered by talk that Mr Soros was changing his investment mix possibly shifting into gold from the weakening bond market as signs of a strengthening economy have raised concerns over renewed inflation in the US.
The key is that during times of crisis and fear gold rises and individual governments cannot stop it. During more predictable times governments are able to maintain control and keep a lid on the price of gold. This causes gold to move in a “stair step” pattern. Historically gold bullion has been immune from inflation since gold is one of the few investments that is not simultaneously an asset and at the same time someone else’s liability
By: Keith McGregor
About the Author:
Thomas Winmill of the Midas Fund, one of the top performing precious metals funds believes that gold could see $1500 in the next 12 to 18 months. The fund managers have identified 5 factors which will drive gold prices higher.
1. Declining of the dollar.
2. More inflation in the future.
3. Investors will seek greater safety in gold.
4. Higher oil prices.
5. Gold should follow other commodities.
In a March 3, 2008 article entitled “Gold Beats Financial Assets as Investors Seek Haven”. Bloomberg reported that “Gold, Silver, Platinum and Palladium may be the best – performing financial assets this year as inflation and slow growth erode the value of the world’s major currencies, bonds and stocks.” “ Gold… may gain at least 24% this year as Federal Reserve Chairman Ben S Bernake prioritises cutting interest rates over controlling consumer prices.”
The long term outlook for the dollar are lower highs and lower lows. However, for gold bullion it is just the opposite, higher highs and higher lows. Gold is in a bull market because its core fundamentals are so outstanding.
The gold price is driven by supply and demand. Each year the world’s gold mines produce only 2,500 metric tonnes of gold. The best estimates indicate that the whole planet buys 4000- 5000 tonnes of gold a year. Therefore it is very clear that demand exceeds supply by 60% to 100%annually creating a structural shortage situation.
Also banks are no longer selling enough gold to make up for global demand above the amount of gold mined each year.
Billionaire financier George Soros was starting to buy gold once more. Mr Sorso has been a familiar name in gold. In April gold was at a 10 year low when he bought 10% of Newmont Mining Corporation from Sir James Goldsmith. In May gold prices shot up to $880 an ounce in two a days. Analysts have said that the huge push in gold has been triggered by talk that Mr Soros was changing his investment mix possibly shifting into gold from the weakening bond market as signs of a strengthening economy have raised concerns over renewed inflation in the US.
The key is that during times of crisis and fear gold rises and individual governments cannot stop it. During more predictable times governments are able to maintain control and keep a lid on the price of gold. This causes gold to move in a “stair step” pattern. Historically gold bullion has been immune from inflation since gold is one of the few investments that is not simultaneously an asset and at the same time someone else’s liability
By: Keith McGregor
About the Author:
South African born Keith has lived in the south of England for most of his life. After graduating from University with a degree in Business Information Systems Management he decided to start Strawberrysoup; a website design company based in West Sussex and Dorset.
Keith successfully gained entry into the Southampton University Air Squadron and spent over 12 months training to fly. Since then he has continued to follow his interest in flying and has now began his own training in the form of a Private Pilot’s Licence.
Keith also spent 13 months working within the Image and Printing Group at Hewlett Packard in Bracknell. Throughout his time there, he was responsible for many activities including events organisation and website design and maintenance.
Mohamed Vicic
Posted in Customer Service | 
Tags: Bloomberg, Federal Reserve Chairman, Gold Bullion | 
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With the world economy wobbling and rescue package after rescue package not seemingly doing any good, you should start looking for better ways for investment and asset protection beyond stocks and mutual funds. Smart investors have recently turned to gold. Investing in Gold has long been proven one of the safest and most effective ways to protect personal assets against the inflation and uncertainties. For average Americans, the easiest way to add gold to their investment portfolios and protect their hard-earned money during recessions is to buy gold coins, especially those gold coins with small markups such as South African Krugerrand. Buy Krugerrands is now considered the No.1 choice for small investors to protect their assets.
Here are 5 good reasons why you should buy Krugerrands now!
1) For centuries, gold has been Recession Proof, and this has been proven during countless crisis situations over the past centuries.
2) Buying gold coins is one of the most practical ways to physically own gold. Gold Krugerrand coins are small weighing no more than 1 oz, making them easy to store and transported.
3) Gold Krugerrand coins, especially 1 oz Krugerrand coin, is the ideal coin for you to start. The South African gold Krugerrand coin was the first gold coin that contains exactly one ounce of pure gold, which makes it the best known of modern bullion coins. As a matter of fact, gold Krugerrand coin has always been one of the most available and best-priced coins of its type in the market. There are thousands of gold Krugerrands bought and sold online or at the gold dealers everyday, making Krugerrand one of the most popular Gold Coins among investors.
4) Since gold Krugerrand coins are already well known in the industry and any dealer are readily trade them, Krugerrand coins could be easily converted into cash should the need arise. This allows you to liquidate your asset very quickly when necessary.
5) Gold Krugerrands carry small premium over spot. That means Krugerrand coins cost less per ounce than the standard American Eagle Gold Bullion and thus give you more gold for your money. If you have $5,000 or less to spend, I recommend you put half in US 90% silver coin, and half to buy Krugerrands.
I recommend you checking out Gold Krugerrand for Sale. It is a specialized Gold Krugerrand for Sale site, offering a great selection of Krugerrand Gold Coins for sale. This website makes finding your dream 1 oz Krugerrand Gold Coin a million times easier. Be sure to try this website before you buy.
By: Wilson Snyder
About the Author:
Here are 5 good reasons why you should buy Krugerrands now!
1) For centuries, gold has been Recession Proof, and this has been proven during countless crisis situations over the past centuries.
2) Buying gold coins is one of the most practical ways to physically own gold. Gold Krugerrand coins are small weighing no more than 1 oz, making them easy to store and transported.
3) Gold Krugerrand coins, especially 1 oz Krugerrand coin, is the ideal coin for you to start. The South African gold Krugerrand coin was the first gold coin that contains exactly one ounce of pure gold, which makes it the best known of modern bullion coins. As a matter of fact, gold Krugerrand coin has always been one of the most available and best-priced coins of its type in the market. There are thousands of gold Krugerrands bought and sold online or at the gold dealers everyday, making Krugerrand one of the most popular Gold Coins among investors.
4) Since gold Krugerrand coins are already well known in the industry and any dealer are readily trade them, Krugerrand coins could be easily converted into cash should the need arise. This allows you to liquidate your asset very quickly when necessary.
5) Gold Krugerrands carry small premium over spot. That means Krugerrand coins cost less per ounce than the standard American Eagle Gold Bullion and thus give you more gold for your money. If you have $5,000 or less to spend, I recommend you put half in US 90% silver coin, and half to buy Krugerrands.
I recommend you checking out Gold Krugerrand for Sale. It is a specialized Gold Krugerrand for Sale site, offering a great selection of Krugerrand Gold Coins for sale. This website makes finding your dream 1 oz Krugerrand Gold Coin a million times easier. Be sure to try this website before you buy.
By: Wilson Snyder
About the Author:
Wilson Snyder is a freelance writer. Learn more about “Gold Krugerrands” at Buy Krugerrands.
Wilber Gauss
Posted in Personal Finance |
Tags: Buying Gold Coins, Investing In Gold, Smart Investors |
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loetzantiques asked:
http://www.iantiqueonline.com a collection of gold US coins
Shannon Gennett
usaelectionpolls asked:
Dave and I are average Joe citizens of the United States concerned about the constant devaluation of our currency… and we advise all of you to buy gold.
Major Eilertson
nick asked:
Our family need to buy a lot of jewelry for weddings, and we are wondering if this is the right time to buy gold. What is your opinion about the gold market?
Azalee Oursler
Our family need to buy a lot of jewelry for weddings, and we are wondering if this is the right time to buy gold. What is your opinion about the gold market?
Azalee Oursler