Category: Gold
Gold, Oil ETFs Surge on Weaker Dollar
Written by svanian
Monday, 28 November 2011 18:29
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Commodity exchange traded funds tracking gold and oil jumped Monday along with global equities as risk appetite recovered following a seven-day down streak for U.S. stocks. A weaker dollar helped fuel the gains.

U.S. Oil Fund (NYSEArca: USO) rallied 3.5% in premarket dealings following reports Eurozone leaders are considering closer fiscal ties in an effort to calm the sovereign debt crisis. In precious metals ETFs, SPDR Gold Shares (NYSEArca: GLD) rose 2% while iShares Silver Trust (NYSEArca: SLV) tacked on 3%.

The rally carried gold prices back above $1,700 an ounce. “What appears to be going on is that there are clear moves within Europe and a recognition that some sort of closer fiscal integration is necessary. Quite how you get to it from where we are now, I think remains very difficult,” said Nic Brown, analyst at Natixis, in a Reuters report.

“Gold is currently continuing to behave more like a risky asset than a safe haven in times of crisis,” Commerzbank said in a MarketWatch report. “In our opinion, this is attributable to the behavior of futures-market players who feel less pressure to sell as their risk aversion declines.” [Short Gold ETFs Boosted by Precious Metals Weakness]

In currency markets, the euro strengthened against the greenback. PowerShares DB US Dollar Index Bullish (NYSEArca: UUP) fell 0.8% in preopen trading Monday.

U.S. Oil Fund

 
American Eagle Gold Sales Top 50,000 Ounces
Written by svanian
Tuesday, 15 November 2011 04:34
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United States Mint American Eagle Gold Sales Top 50,000 Ounces.

The United States Mint announced last week that 65,000 American Eagle gold coins were sold in October. That amounted to 50,000 ounces of American Eagle gold coins sold during the month.

The most popular gold coin for the month was the one ounce gold coin, followed by the tenth ounce and the quarter ounce gold coin.

Investors continue to buy gold coins based upon the continuing economic crisis threat looming across Europe. The excessive printing of dollars also continues to support the price of gold coins. At Global Gold Group, we can help you leverage this opportunity with gold coins by investing in high quality gold bullion coins and collectable pre-1933 gold coins.

 
Is it safe to buy gold?
Written by svanian
Thursday, 03 November 2011 22:09
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I would like to hear your thoughts about this topic. Today I posted the article I saw on latimes.com about Goldline.
Prosecutors have filed criminal charges against Goldline International Inc.
This is an article you need to read, Goldline is one of the largest precious metal dealers in the world, most people feel safe buying from companies like Goldline because of how large they are and really as you can see that’s not the case. I advise you to be cautious when investing your money through anyone, do your research. That’s why websites like ours exist. We show actual customer reviews from their experience on purchases from specific gold dealers, and live up to date prices on their products, like gold coins, gold bullion, silver coins, silver bullion, platinum coins and platinum bullion.