Blog
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Cramer Sees Gold Moving Above $2,000
- January 10, 2011
- Posted by: Orkan Ozkan
- Category: News
No CommentsLos Angeles – The gold price dipped to $1,368.20 an ounce on Friday and the price of silver followed gold closing at $28.72 an ounce after a week of profit taking and asset allocation. Gold bullion prices began the week on a strong note above $1,420 an ounce after ending 2010 with a 29.7 percent
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Survey Finds Gold Price To Hit $1,700 In 2011
- January 3, 2011
- Posted by: Orkan Ozkan
- Category: News
Los Angeles – The price of Gold ended the year at $1,421.20 an ounce after gaining 1.25 percent on Friday. The price of silver was up 1.60 percent on Friday to close the year at $30.88 an ounce, close to its highest level since 1980. Silver posted a record 83 percent gain for 2010, its
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International Monetary Fund Completes Gold Sale
- December 27, 2010
- Posted by: Orkan Ozkan
- Category: News
Los Angeles – Gold bullion prices closed higher at $1,381.80 an ounce on Friday bringing gold’s year-to-date gain to over 26 percent for 2010. Silver prices closed slightly lower at $29.22 an ounce for a 73 percent year-to-date gain and pushing the price of silver to its best year since 1980, when it reached an
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President Obama Signs $858 Billion Tax Package
- December 20, 2010
- Posted by: Orkan Ozkan
- Category: News
Los Angeles – Gold bullion prices closed higher at $1,374.00 an ounce on Friday just four percent below its recent all-time high of $1,432.50 reached on December 7. Silver rose higher closing at $29.12 an ounce as it increased the Gold-to-Silver ratio to 47, very close to its near four year low of 46 reached
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Obama Compromise Bullish For Gold
- December 13, 2010
- Posted by: Orkan Ozkan
- Category: News
Los Angeles – Gold bullion prices closed at $1,386.60 an ounce on Friday, 1.5 percent lower for the week and just 3.5 percent below a record all-time high of $1,430.95 an ounce reached on Dec. 7. Silver closed Friday at $28.59 an ounce, down 1.9 percent on the week after climbing to a 30 year
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Gold Price Supported By Geopolitical Uncertainty
- December 6, 2010
- Posted by: Orkan Ozkan
- Category: News
Los Angeles – The price of gold was up more than 3 percent for the week, closing at $1,413.10 an ounce, its biggest gain since April, while silver gained a whopping 9 percent for the week to close at $29.23 an ounce. The Gold-to-Silver ratio has just dropped to 48 this week. The ratio was at
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Canadian Bank Raises Gold Forecast to $1,700
- November 29, 2010
- Posted by: Orkan Ozkan
- Category: News
Los Angeles – Gold bullion prices rose 0.9 percent for the week closing at $1,363.30 an ounce after reaching an all-time high of $1,424.60 on November 9. Fundamentally, the gold price remains positive as gold gets ready to rise for a tenth consecutive year. Silver finished down 1.5 percent for the week at $26.71 an
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President Obama Says Chinese Yuan Still Overvalued
- November 15, 2010
- Posted by: Orkan Ozkan
- Category: News
Los Angeles – Gold bullion prices slid to $1,368.60 an ounce on Friday as silver followed gold lower to $26.02 per ounce. The week began with Robert Zoellick, World Bank President, creating a stir on Monday when he called for a “modified global gold standard.” Zoellick suggested, "The world's monetary system should consider employing gold
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Gold Price Could Reach $1,500 By Year-end
- November 8, 2010
- Posted by: Orkan Ozkan
- Category: News
Los Angeles – Gold bullion prices reached an all-time record high of $1,397.80 an ounce on Friday while the Silver price gained over 3 percent for the day and 9 percent for the week closing at $26.90 an ounce. The gold price gained 2.6 percent for the week, bringing gold's year-to-date rise to 27 percent,
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Higher Gold Price To Follow Quantitative Easing
- November 1, 2010
- Posted by: Orkan Ozkan
- Category: News
Los Angeles – Gold bullion prices rallied on Friday to $1357 an ounce up nearly 2 percent for the week. Silver closed higher at $24.57 an ounce, a gain of over 6 percent for the week as JPMorgan Chase & Co. and HSBC Holdings Plc were served with lawsuits by investors accusing the two banking
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