Gold Price and Zero Discount Value (ZDV)
October 27, 2009 By Leave a Comment
Gold $2,000 Based on Banking System Zero Discount Valuation
An earlier article introduced the concept of gold’s Zero Discount Value (ZDV). Applied to the central bank whose only asset is gold and whose liabilities are currency and bank reserves, the ZDV is a value for gold such that every outstanding dollar liability in the central bank’s monetary base (currency plus bank reserves) is backed by an equivalent dollar’s worth of gold. It is what the dollar price of gold would be if the central bank’s liabilities were 100 percent backed or covered by gold. [Read more...]
Gold to Exceed $1000
October 26, 2009 By Leave a Comment
October 2009 has developed into a truly glorious month. For the first time in history the average monthly price for US$Gold will exceed $1,000. Certainly all are celebrating such a wonderful event. Perhaps the most important aspect of this remarkable event is that the purveyors of price suppression and manipulation theories can now turn off the lights in their caves. Reality has crushed their misconceptions. If an $800 bull market is price suppression, give me some more!
Gold Nears Record Weekly Close
October 23, 2009 By Leave a Comment
GOLD HEADED into the weekend more than 0.6% up on the week here in London on Friday, gaining as world stock markets also rose alongside crude oil and commodity prices.
Recording an AM Gold Fix of $1061.25 an ounce – its best-ever Friday fix in Dollars – gold also rose against the Euro as the single currency held flat vs. the Dollar.
Gold Price Support
October 22, 2009 By Leave a Comment
Gold May Have More Price Support now Than at any Time Since 1989
The central banks of the world are changing tune. Since 1989, the banks have been net sellers of gold reserves, meaning that as a group they have sold more than they have taken in. This is an important point because the large gold sales of central banks tend toward lowering the spot price of gold. The news emerging from a September 2009 GMFS report is that central banks as a whole are once again becoming net buyers, and their purchases have the potential to put upward pressure on the price of gold in the public markets. [Read more...]
Gold Holding Steady
October 22, 2009 By Leave a Comment
Amidst Concerns About Disorderly Monetary and Economic Crisis Increasing...
Gold is currently trading at $1,054.60/oz. In euro and GBP terms, gold is trading at €704.60/oz and £637/oz. Support for gold is currently seen at $1,043/oz and resistance at $1,070/oz.
$1,000 Is the New Floor for Gold
October 21, 2009 By Leave a Comment
Renowned Guru Predicts New Gold Floor
"$1,000 an ounce is thought by some to be gold's ceiling..." John Doody wrote last week to his subscribers. "We see it as now the FLOOR."
When John Doody talks about gold, I listen...
This year, his Top Ten List of gold stocks is up over 100%. John says his Top Ten list has averaged a 30% annual return since the start of his newsletter, Gold Stock Analyst. John has been writing Gold Stock Analyst for about 15 years. [Read more...]