Gold Rush Magazine

Forex Gold Forecast Gold Soars to New Record High

admin — Wed, 21 Jul 2010 06:43:11 +0000

Market Forecast Today’s Outlook June 16, 2010

By Gary S. Wagner

We have seen a very nice breakout to the upside. As we spoke about in yesterday report, the flag formation, is a technical formation that will, because of compressing ranges build energy, This energy is released as it breaks hard, to the up or downside. I was under the conviction that when it broke it would be to the upside, and am glad we saw just that.

Investors are losing confidence in our stock market. There are not many investments that can promise the potential of gold right now. For that reason I think gold will continue to rise. Our currently upside target is 1254. I think we have a very good chance of witnessing that price. The summer is typically the slow time for gold, we have not seen that to be the case, this summer.

Maintain current long, and move stop to 1230.00

Duration : 0:9:57

Technorati Tags: forex gold soars, gold commentary, gold forecast, Gold investment, gold report

Gold and Silver investing, reasons I started

admin — Sun, 18 Jul 2010 00:51:05 +0000

gold and silver: After so much of the value in my retirement accounts go down, and seeing the cost of living go up, I decided to get involved in precious metals.
It took me long enough but after 3 years I started buying gold and silver. Here are the reasons I started: 1. Sovereign debt is exploding across the developing world. 2. Most currencies are fiat, so they can be easily devalued. 3. Low interest rates make savings accounts not worth much. 4. Gold and silver is still accepted as valuable with the majority of the world’s population.

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Duration : 0:5:40

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Commodities Report: July 6, 2010: Oil Gains as Global Equities Rise, Gold Up on Greenback’s Decline

admin — Fri, 16 Jul 2010 15:21:07 +0000

Oil is on the rise in morning trade as global equities prices gain and the dollar slipped against major currencies. Speculation abounds, meanwhile, that BP plc (BP) is looking for support from private equity funds to stave off takeover bids.

Gold too is up as the greenback slipped and investors came in to buy up the yellow metal on dips. Base metals are up as the appetite to take on risks is seen to signal an improvement in global economic outlook.

At 0800 ET, Brent crude is up 1.5% at $72.55 a barrel, while light sweet crude is up 1.0% at $72.84 a barrel, and natural gas is up 2.8% at $4.82 a million British thermal units.

Gold is up 0.3% at $1,210.70 an ounce, and silver is up 0.8% at $17.86 an ounce, while copper is up 1.7% at $2.97 a pound.

There is growing speculation that BP is looking to private funds in Qatar, Kuwait, Abu Dhabi and Singapore to keep away hostile takeover bids from rivals including ExxonMobil (XOM) and Total (TOT).

In the mining sector, BHP Billiton (BHP) is up as Evolution Securities raised the world’s biggest mining company to a buy from add, while Independent Reserach too raised the company to a buy from hold.

Duration : 0:1:44

Technorati Tags: (XOM), BHP, Billiton, bp, Crude, ExxonMobil, gold, News, oil, stock, TOT, Total, Trading

2010 BP Gulf Oil Spill Photos

admin — Thu, 15 Jul 2010 04:24:53 +0000

Hard to look at photos of the 2010 gulf coast oil spill and all the devastation it is causing. The song is ‘Black Gold’ by the legendary Dr. John, a Louisiana native and a very outspoken resident against offshore drilling near such a vital American coastline.

Duration : 0:3:15

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gold and silver investments

admin — Tue, 13 Jul 2010 17:27:05 +0000

why you should buy gold and silver now

Duration : 0:2:54

Technorati Tags: currency, dollarr economy, gold, investing, investments, precious metals, silver