Long gold, long silver, a lifeline for hedge funds? « Peter J. Cooper’s We...

" Perhaps the hedge fund managers should take their cue from the central banks which are not going to be selling gold over the next 12 months as they have been over the past four previous years. Supply is coming out of the market at a time of rising demand for a hedge...

Inflation will push precious metal prices much higher « Peter J. Cooper’s ...

" Once this obvious truth becomes generally accepted then we can expect a sudden shift by retail investors into gold and silver for protection against inflation. Both are very small markets by comparison to global equities, real estate or bonds - particularly silver, so the...

Dow slumps 7% on Black Monday, gold, dollar up « Peter J. Cooper’s Weblog

" But on Black Monday only one section of the stock market showed positive results: precious metal shares which had a leveraged gain on the gold price. In the choppy waters of financial markets this week there may be a chance for late-comers to the precious metals ball to...

Calm before the storm, yet again? « Peter J. Cooper’s Weblog

" In this climate the assets to hold are commodities in general, and precious metals in particular. Gold managed an eight-fold increase in the late 70s while silver soared even higher. Do not be surprised if history repeats itself, and oil prices also stay high."

How to leverage gold and silver without any borrowings « Peter J. Cooper’s...

" In any rising market for precious metals, and with inflation and dollar devaluation inevitable as part of the bail-out of the American financial crisis I do not see how we can be about to experience anything else, there have to be some associated asset classes that do...

Gold and silver should end this week higher « Peter J. Cooper’s Weblog

" It is perfectly possible that we will see more wild gyrations in precious metal prices, and even a return to $1,000 an ounce gold. Silver will follow in gold’s wake and show its usual gearing ratio to the yellow metal, which should make it the better performer. "

Historic $100 bounce in the gold price, gold as money « Peter J. Cooper’s ...

"What are we to make of the more than $100 gains in the gold price within the past 24 hours? It is certainly a historic day with the biggest movements in precious metals ever seen. But as US President Ronald Regan once commented: ‘You ain’t seen nothing yet!’"

Anand out of contention at Bilbao Grand Slam

"World Champion Viswanathan Anand bowed out of contention for a top finish in the Bilbao Grand Slam final chess tournament after losing from a better position against Levon Aronian of Armenia in the eighth round. After suffering his second loss in the tournament, Anand’s...

Unease over Guatemalan gold rush

"With gold prices skyrocketing, the Mayans of Guatemala find themselves caught up in a new rush for the precious metal.   Tema sits across from me, a Mayan with a mission. We are in the town of Sipacapa in the Western Highlands of...

RBS warns of Black Monday within three months, buy precious metals « Peter J...

" In a Daily Telegraph scoop today the bank warns that the S&P 500 will fall by more than 300 points to around 1050 by September. This Wall Street crash will reverberate through Europe, Asia and the emerging markets, and amount to ‘one of the worst bear markets over...

Gold and silver prices to rocket as inflation grows this summer « Peter J. C...

" Now if interest rates fall, say from the present two per cent to ‘an emergency’ one per cent, then the US dollar will take yet another tumble. Gold is inversely correlated to the greenback – so it will head in the opposite direction, and upwards in value. Silver is...

Attack on Coptic Monastary in Egypt

"CAIRO: Pope Shenouda III, head of the Coptic Church, called for heavy security presence around the Upper Egyptian Abo Fana monastery during a phone-in on Channel 2’s El Beit Beitak show on Saturday.The Pope also accused the Arab tribes living in the area of stealing LE 1...