Marc Faber Precious Metals
While Marc Faber has been busy blasting the banks and their practices, he mentioned recently that as far as it relates to commodities, and precious metals specifically, is if he is "right about further monetization and further government debt growth, the risk is really not to own any precious metals at all."
Faber and others acknowledge the possibility of a gold correction, depending on the liquidity in the markets, and says it could drop as low as $950 to $1,050 an ounce if that happens.
That would only be a temporary event and would be the time to load up on more gold if that's the circumstances.
Faber remains a bull on gold, and again confirmed it as a place of safety and a haven in ongoing turbulent times.
As far as equities go for 2010, Faber believes they will perform in an up and down manner throughout the year.
Again, gold and other precious metals are a must according to Faber, and not to own some is indeed to take a real risk.
Marc Faber Precious Metals
Showing posts with label Godl Prices. Show all posts
Showing posts with label Godl Prices. Show all posts
Thursday, February 4, 2010
Thursday, December 3, 2009
Investors Flock to Commodities, Gold
There seems to be very little concern by investors that gold will have a major correction any time soon, as the ongoing weakening of the U.S. dollar has them rushing to the yellow metal for safety and inflation concerns.
Just about every weak now gold breaks a new high, and commodities are becoming hot again, even before the economic recovery really even starts, which shows what will happen with commodity prices once that reality hits.
Spot gold rose to $1,226.10 an ounce recently, and investors like Peter Schiff believe it'll continue riding all the way up to $5,000 an ounce in the years ahead. Commodity superstar Jim Rogers also remains bullish on gold, although he thinks there's a possibility of a correction, and so while he's not buying, he's definitely not sellign either. He's hoping a correction will come and he can buy it at even a cheaper price.
Aluminum
Aluminum has been on its own run in 2009, increasing by an enormous 60 pecent just since March, to reach $2,166 a ton. Much of the reason behind the increase in aluminum price is concern over whether supply can meet the surging demand, as companies and countries will eventually start making major orders again, and stocks as of this writing are at 4.6 million tons.
Copper
Copper is primarily being driven by investors, as stocks stand at 445,400 tons, with demand down, but awaits a real recovery which could cause demand to explode.
Sugar
Supplies of sugar in the top sugar consuming area of the world, including India and Pakistan, have been struggling, and so white sugar futures have surged to a record $635.00 a ton.
Crude Oil
Even though oil increased by 44 cents to $77.04 a barrel, that won't hold, as concerns over too much supply in that case will drive prices down again. Crude stocks increased to more than the projected 2.1 million barrels.
Commodities in general, at this time, are responding to the collapsing U.S. dollar, and the surety of extraordinary inflation in the years ahead from the outrageous bailouts by governments around the world.
As far as this affects the prices of commodities, once the prices are driven by demand again, and investors pour even more into them, it's sure to make the commodity bull market of the last decade look like a calf.
Just about every weak now gold breaks a new high, and commodities are becoming hot again, even before the economic recovery really even starts, which shows what will happen with commodity prices once that reality hits.
Spot gold rose to $1,226.10 an ounce recently, and investors like Peter Schiff believe it'll continue riding all the way up to $5,000 an ounce in the years ahead. Commodity superstar Jim Rogers also remains bullish on gold, although he thinks there's a possibility of a correction, and so while he's not buying, he's definitely not sellign either. He's hoping a correction will come and he can buy it at even a cheaper price.
Aluminum
Aluminum has been on its own run in 2009, increasing by an enormous 60 pecent just since March, to reach $2,166 a ton. Much of the reason behind the increase in aluminum price is concern over whether supply can meet the surging demand, as companies and countries will eventually start making major orders again, and stocks as of this writing are at 4.6 million tons.
Copper
Copper is primarily being driven by investors, as stocks stand at 445,400 tons, with demand down, but awaits a real recovery which could cause demand to explode.
Sugar
Supplies of sugar in the top sugar consuming area of the world, including India and Pakistan, have been struggling, and so white sugar futures have surged to a record $635.00 a ton.
Crude Oil
Even though oil increased by 44 cents to $77.04 a barrel, that won't hold, as concerns over too much supply in that case will drive prices down again. Crude stocks increased to more than the projected 2.1 million barrels.
Commodities in general, at this time, are responding to the collapsing U.S. dollar, and the surety of extraordinary inflation in the years ahead from the outrageous bailouts by governments around the world.
As far as this affects the prices of commodities, once the prices are driven by demand again, and investors pour even more into them, it's sure to make the commodity bull market of the last decade look like a calf.
Saturday, November 14, 2009
Gold Has Much More Upside
Gold Prices
There is a basic principle seasoned investors use to check to see if any type of investment could be experiencing a bubble, and this is when the majority of the public understands it and claims to have a piece of the action. That's the same with gold, and while many people are talking like this has happened with the precious metal, it's highly doubtful that's the case.
What has really happened with gold to me is the financial press and news outlets have been covering it more, but that doesn't translate to the regular person on the street who really doesn't follow those programs. In other words, those that always follow business and investing news are aware of the reason gold is going up and why it will continue, but those that are average investors haven't picked up on it yet, so the upward price movement of gold isn't happening simply because of a hoard of investors joining in a gold feeding frenzy.
So when you hear that we are in a gold bubble, that isn't true at this time, and could even be part of a strategy of speculators who have shorted the yellow metal and could be getting clobbered as it keeps on moving up. Rumors like that are part of playing the speculation game, and very well could be the reason it's becoming part of the conversation.
The bottom line is everyday people haven't really understood or started to invest in gold yet, and until that happens, a bubble is still on the far horizon. This doesn't mean it won't happen, just that gold prices are being moved by market forces and economic circumstances, not by talk around the water cooler.
Gold Prices
There is a basic principle seasoned investors use to check to see if any type of investment could be experiencing a bubble, and this is when the majority of the public understands it and claims to have a piece of the action. That's the same with gold, and while many people are talking like this has happened with the precious metal, it's highly doubtful that's the case.
What has really happened with gold to me is the financial press and news outlets have been covering it more, but that doesn't translate to the regular person on the street who really doesn't follow those programs. In other words, those that always follow business and investing news are aware of the reason gold is going up and why it will continue, but those that are average investors haven't picked up on it yet, so the upward price movement of gold isn't happening simply because of a hoard of investors joining in a gold feeding frenzy.
So when you hear that we are in a gold bubble, that isn't true at this time, and could even be part of a strategy of speculators who have shorted the yellow metal and could be getting clobbered as it keeps on moving up. Rumors like that are part of playing the speculation game, and very well could be the reason it's becoming part of the conversation.
The bottom line is everyday people haven't really understood or started to invest in gold yet, and until that happens, a bubble is still on the far horizon. This doesn't mean it won't happen, just that gold prices are being moved by market forces and economic circumstances, not by talk around the water cooler.
Gold Prices
Tuesday, March 4, 2008
Silver Quietly Increasing in Value: Up 35 Percent this Year
So far in the short two months of 2008, silver has enjoyed running up by 35 percent, breaking the $20 mark today. We don't have to feel bad for gold though, as it's risen by 17 percent in 2008, a very hefty rise as well.
It's doubtful it will continue at this pace at all, and the inherent volatility of silver offers its own risk. Even so, during 2008, we'll probably see the metal grow in price, albeit at a much slower pace than it has been.
With the declining use of silver in the photography industry, this is surely an investor driven rise, and should be in the foreseeable future.
That will add to the possibility of a lot of ups and downs because of the potential for profit taking, although it should still steadily rise throughout the year. That, and the increase in scrap sales has to be watched carefully.
People will have to watch that they don't become "Silver Surfers."
It's doubtful it will continue at this pace at all, and the inherent volatility of silver offers its own risk. Even so, during 2008, we'll probably see the metal grow in price, albeit at a much slower pace than it has been.
With the declining use of silver in the photography industry, this is surely an investor driven rise, and should be in the foreseeable future.
That will add to the possibility of a lot of ups and downs because of the potential for profit taking, although it should still steadily rise throughout the year. That, and the increase in scrap sales has to be watched carefully.
People will have to watch that they don't become "Silver Surfers."
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