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  • What’s Driving Gold?

    01/04/2006 11:00:11 AM PST · by hubbubhubbub · 62 replies · 1,217+ views
    kitco ^ | January 4, 2006 | Frank Holmes
    These are good times for gold investors, according Frank Holmes, Chief Investment Officer for U.S. Global Investors. In a recent webcast, Holmes told listeners: “We have a unique situation where all critical drivers for gold are pointing in the same direction.” Holmes identified six key drivers and talked about why they are all pointing to higher gold prices. ”There are many components here that are driving gold, and they sort of rotate around,” says Holmes. “It’s not linear.” Currently, we are in a secular bull market in commodities because gold is the ultimate money, says Holmes, and because demand is...
  • Gold Prices Rise to New 24-Year High

    12/12/2005 11:44:40 AM PST · by DebtAndDelusion · 28 replies · 1,012+ views
    Forbes ^ | December 12, 2005 | AP
    Gold prices rose Monday, hitting fresh 24-year highs as investor interest in the yellow metal booms. On the New York Mercantile Exchange, spot gold was up $7.70 at $527 an ounce in morning trading. In European trading, spot gold rose as high as $541.30 an ounce. Spot gold is trading at levels not seen since 1981. Traders said the contract is testing resistance at $541.80 and $543.20, and that resistance would likely be a short-term top followed by a dip to $523.10 and $531.00. Long-term charts say that if the contract breaks through $543.20, however, it would be going for...