John van Eck
John van Eck Articles
The dollar price of gold broke out on the upside last week from the consolidation since May of its move from $278.70 an ounce at the end of 2001 to $ 330 an ounce in May. It closed at $ 333.20 an ounce last Friday. This move coincided with...
The prices of gold and gold mining shares since our last Update continued to consolidate their rapid January to May upward moves. Speculative long positions on the COMEX were unwound since the end of September, and a possible war in Iraq...
The prices of gold mining shares and gold during the third quarter of the year corrected their first half rises, but they continued to outperform the New York stock markets, as they did in 2001. The Financial Times Gold Mines Index climbed...
Gold and gold mining shares have regained their position as an important and accepted asset class and superior safe-haven investment in times of uncertainty and trouble. Weakness of the dollar, mounting tension between India and Pakistan...
The price of gold closed at $ 311 an ounce last Friday, approximately unchanged from our last Update. It has climbed 8 % from its March low of $290 an ounce, partly reflecting dollar foreign exchange weakness and a fall in the stock market...
The price of gold continued its upward path during the last two weeks and made a new two year high at $ 311.60 an ounce on Friday, up 12 % since the end of last year. Its strength was largely based on growing net investment demand stemming...
The 2001 Record
Philadelphia Gold/Silver Stock Index (XAU)
up
6.6 %
Gold
up
2.5 %
Dow-Jones Industrial Average
The dollar gold bullion price during the last two weeks resumed its upward trend, which began last April, closing on Friday at $278 an ounce, 1.4 % above our last Update. Due to the weakness of other currencies, gold's price has been...
The gold bullion price tested its November lows of $272 an ounce last week and closed on Friday at $273.90 an ounce. It is up 6.6 % from its April low of $255 an ounce.
Gold shares continue to perform better than gold bullion. The...
The tragic events of September 11th immediately resulted in a capital flight to safety and quality. The price of gold, the traditional store of wealth for thousands of years, jumped approximately 7 % to $290 an ounce. The prices of gold...
