http://www.goldseek.com Fri, 20 Nov 2009 21:18:45 GMT The latest news from GoldSeek.com. en-us Copyright GoldSeek.com, Gold Seek LLC Gold Seek LLC Sat, 21 Nov 2009 05:00:00 GMT http://news.goldseek.com/GoldSeeker/1258779600.php http://news.goldseek.com/GoldSeeker/1258779600.php Gold saw decent gains in Asia before it fell almost 1% in London to as low as $1132.70 by a little before 8AM EST, but it then rallied back higher throughout most of trade in New York and ended with a gain of 0.37% at a new record closing high. Silver fell to as low as $18.025 before it also climbed back higher in New York and ended with a loss of just 0.05%. Sat, 21 Nov 2009 02:00:00 GMT http://news.goldseek.com/GoldForecaster/1258768800.php http://news.goldseek.com/GoldForecaster/1258768800.php Gold is higher than ever before and is still climbing. Many investors are waiting for a fall in the gold price, because they are looking at the past market shape, that has not factored in the major sea-change in the shape of demand. Even many institutional analysts have not realized just what has happened to the market and turn only to their charts to decipher the next moves. You our subscribers, we hope, have realized from our writing and forecasts that a great deal more is still to come in this gold market in the years to come. Fri, 20 Nov 2009 21:05:25 GMT http://news.goldseek.com/GoldSeek/1258751125.php http://news.goldseek.com/GoldSeek/1258751125.php Today's extraordinary loose monetary conditions are "benefiting hard assets," according to James Passin, co-founder and manager of Firebird Global Fund and Firebird Global Fund II. Surplus liquidity is flowing into ETFs that buy commodity futures and physical commodities, which James says, is "creating a feedback loop" that is driving up the price of resources. Fri, 20 Nov 2009 20:32:55 GMT http://news.goldseek.com/COT/1258749175.php http://news.goldseek.com/COT/1258749175.php COT Gold, Silver and US Dollar Index Report - November 20, 2009 Fri, 20 Nov 2009 19:22:04 GMT http://news.goldseek.com/EuroCapital/1258744924.php http://news.goldseek.com/EuroCapital/1258744924.php During President Obama's high profile visit to China this week, the most frequently discussed, yet least understood, topic was how currency valuations are affecting the economic relationship between the United States and China. The focal problem is the Chinese government's policy of fixing the value of the renminbi against the U.S. dollar. While many correctly perceive that this 'peg' has contributed greatly to the current global imbalances, few fully comprehend the ramifications should that peg be discarded. Fri, 20 Nov 2009 19:04:00 GMT http://news.goldseek.com/GoldSeek/1258743840.php http://news.goldseek.com/GoldSeek/1258743840.php Summing up, based on this week's price action, it seems that gold may need to move higher before correcting in a meaningful way. The key driving markets for precious metals, USD Index and the general stock market don't provide decisive signals, and the former has been recently trading rather independently from PMs, so it may not be needed to ignite a rally or a sell-off in the metals. Fri, 20 Nov 2009 19:00:00 GMT http://news.goldseek.com/GoldSeek/1258743600.php http://news.goldseek.com/GoldSeek/1258743600.php It nearly slipped through the cracks this week as mediastocracy marveled at the apparent lack of inflation as the PPI and CPI reports hit the wires. However, just beneath the surface, the financial and economic metamorphosis continues unabated. I am talking about Qatar and its very successful bond sale. Fri, 20 Nov 2009 18:00:00 GMT http://news.goldseek.com/GoldSeek/1258740000.php http://news.goldseek.com/GoldSeek/1258740000.php GoldSeek.com is proud to sponsor a new national investor forum, the Gold & Precious Metals Guild (GoldPMG.com). This forum will be held monthly in cities around the country, flying in speakers from top gold and precious metals mining companies, top bullion brokers, and best-selling authors to discuss gold and precious metals investment strategies. Fri, 20 Nov 2009 17:46:46 GMT http://news.goldseek.com/GoldSeek/1258739206.php http://news.goldseek.com/GoldSeek/1258739206.php The key to understanding the future path of the US economy and the Dollar is to understand the origin of the current situation - Nixon’s suspension of the gold standard created the Dollar bear market and transformed the US into an asset-based economy. Since then, the moves in the Dollar bear market have determined whether the US would grow, recede or become an asset bubble. Despite the Dollar’s continuous loss of purchasing power, most people still do not realize that the Dollar continues to be in a 38-year bear market. Ultimately, the market will lose faith in the Dollar, and it will then be clear that the asset-based economy was not viable. Fri, 20 Nov 2009 17:08:28 GMT http://news.goldseek.com/Zealllc/1258736908.php http://news.goldseek.com/Zealllc/1258736908.php Five years ago this week, an obscure little ETF called StreetTracks Gold Shares was born. As the first American ETF enabling stock traders to gain direct price exposure to a physical commodity, GLD was truly revolutionary. Now known as SPDR Gold Shares, this ETF has proven to be a smashing success.