Dollar

In our previous article on gold, we examined the situation in the U.S. dollar and the euro as many times in the past they gave us important clues about future precious metals’ moves.

Sentiment in the financial markets always gets re-balanced by two variables: time and price.

There has been much discussion recently about the growing cost of running to be President of the United States.

This Wednesday Goldman Sachs reiterated its position that investors should buy gold.

Jan Skoyles looks at the recent stories of countries abandoning the dollar for gold in international transactions. This will have implications for the gold price, but will it have an impact on further debates involving the gold standard.

This week marked the Year of the Dragon in the Chinese calendar, and according to Chinese mythology, Dragon years bring powerful changes and optimism representing imperial power, prosperity and good luck.

Analysts for Goldman Sachs have recently predicted that low interest rates will keep gold prices climbing for the rest of this year and into 2012 and raised their price forecasts for the precious metal to $1,930 per ounce from $1,860. So far this year, the price of gold is up about 26 percent.

Conventional wisdom has it that there are three safe haven currencies—the Swiss Franc, the Japanese Yen and the U.S. dollar.

You have just watched the “gold punisher” administer an incredible eleven day beating on the US dollar. From about $1478 to $1610, gold has now risen 11 days in a row.

The dollar is and has been in a strong down trend for many years and I feel as though it’s getting close to another major land slide