Archive for the ‘Metals’ Category

Predictions for gold, stocks, and currencies

Sunday, February 14th, 2010

Interesting article here that predicts gold prices will slide while large gains can be made with certain currencies in Asia. They say go heavy on stocks but from developed rather than emerging markets.

Gold to go up 10% in the next 12 months?

Tuesday, February 24th, 2009

Investors are buying record amounts of gold bars and coins, shunning risky assets for the relative safety of bullion amid renewed fears about the health of the global financial system.

The move into gold is being driven by the very rich, with bankers saying that some clients are hoarding gold in their vaults. UBS and Goldman Sachs said last week that investor hoarding would drive prices back above $1,000 an ounce.

Here’s the link from Feb 10, 2009

Robert Kiyosaki says buy silver, stocks, real estate

Sunday, March 2nd, 2008

Best-selling author Robert Kiyosaki wrote Rich Dad, Poor Dad and other books. Here’s what he said recently:

“If you have $10,000 cash, I would take $5,000 and buy silver either in an exchange-traded fund or coins and sit on the rest instead of keeping all of it in cash, because the purchasing power of silver will go up and cash will go down,” Robert Kiyosaki said in a recent interview.

“The real estate and stock market are having sales,” he said. “So, this is the time to look for bargains. Between 2004 and 2005 was the worst time for real estate and stocks.

Gold last week and next: Central Fund of Canada, IAMGold Corporation

Saturday, March 3rd, 2007

Over the past 5 years, gold stocks have been my best investment. Just look at CEF and IAG I used to own WHT and sold it when they were merging with IAG) compared to the S&P 500 on the chart.

Yet with gold down like crazy this week despite all the geopolitical uncertainty that is supposed to be good for gold, you have to wonder. Here’s one author who is not bullish on gold and sees short term pain.

Nickel and Copper prices too high to resist

Tuesday, April 25th, 2006

Apparently thieves are starting to target nickel and cooper because “nickel has jumped from 5,000 dollars per tonne in 2000 to highs of 19,000 dollars, while copper surged by 50 percent last year, driven partly by high demand from China.”

Thieves aren’t just ripping copper pipes out of vacation homes anymore. Gangs in France are taking hostages and carjacking trucks full of nickel. It sounds extreme, but one group of thieves filled up two trucks with copper scrap and got away with about 200,000 Euros worth of copper.