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Monthly Archives: December 2007

Reduced scrap gold sales suggest higher gold prices

Gold Fields Minerals Services (GFMS), the London-based metals consultancy, says that the sale of scrap gold in India and the Middle East this year is down compared with prior years. India and the Middle East are “price-sensitive” regions where gold sales usually increase with gold price increases. However, this year the average quarterly volume of

$1,000 gold in a recession?

In my last post, I noted that Jessica Cross, CEO of Virtual Metals, had forecasted $900 gold in 2008. Now, Citigroup (Citibank) sees the possibility of $1,000 gold if the US economy goes recessionary. If we do see a recession, Citigroup ranks gold as the best likely performer, followed by copper, aluminum and zinc, with

$900 gold in 2008? has posted an interview with Jessica Cross, CEO of Virtual Metals, who says “we’re going to be very surprised if we don’t see $900 an ounce in 2008.” Obviously, $900 gold within twelve months would be another major move. If we do see $900 in 2008, then we have to be ready to accept,

A ticking time bomb

The most often given reason for buying gold and silver by new investors is concern about the dollar. And, rightfully so. The dollar is in a precipitous decline in the foreign exchange markets, brought on by decades of deficit spending by our federal government. The fedgov’s deficit spending really got started after President Nixon “closed