Monthly Archives: February 2008

Capital Gold Group Report: CALPERS – LARGEST US PENSION FUND – BULLISH ON HARD ASSETS

Posted on February 29, 2008 by b.whitman

By Saijel Kishan Feb. 28 (Bloomberg) — The California Public Employees’ Retirement System, the largest U.S. pension fund, may increase its commodities investments 16-fold to $7.2 billion through 2010 as raw materials prices surge to records. Calpers, which has about … Continue reading →

Posted in Uncategorized | Tagged , , , , , , | Comments Off

Capital Gold Group Report: WEAK DOLLAR PUSHES GOLD TO RECORD $970 AN OUNCE

Posted on February 28, 2008 by b.whitman

By STEVENSON JACOBS AP Business Writer NEW YORK (AP) — Gold prices trekked higher Thursday, touching a record $970 an ounce as an inflationary combination of high oil prices and a falling dollar pointed investors to the relative safety of … Continue reading →

Posted in Uncategorized | Tagged , , , , , , , , , , | Comments Off

Capital Gold Group Report: GOLD TOUCHES NEW RECORD HIGH OF $967.70 AN OUNCE

Posted on February 27, 2008 by b.whitman

By Polya Lesova, MarketWatch Last update: 4:24 p.m. EST Feb. 27, 2008 NEW YORK (MarketWatch) — Gold futures rose sharply Wednesday, touching a record $967.70 an ounce, propelled by the euro’s surge to a new high against the U.S. dollar. … Continue reading →

Posted in Uncategorized | Tagged , , , , , , , , | Comments Off

Capital Gold Group Report: Dollar Falls Again Pushing Gold Higher

Posted on February 26, 2008 by b.whitman

NEW YORK (MarketWatch) — Gold futures reversed earlier losses on Tuesday, as the dollar fell against major counterparts on bleak U.S. economic data, while traders reconsidered the importance of an expected sale of gold reserves by the International Monetary Fund. … Continue reading →

Posted in Uncategorized | Tagged , , , , , , , , , , , , , | Comments Off

Capital Gold Group Report: Spot gold up on weak dollar, higher oil prices

Posted on February 25, 2008 by j.ryman

Reuters, Feb. 25, 2008 LONDON – Gold prices rose today as the dollar fell against the euro and oil prices moved up to almost $100 a barrel, while platinum held firm. Spot gold was up at $947,70/$948,50 a troy ounce … Continue reading →

Posted in Capital Gold Group Gold News | Tagged , , , , , , , , | Comments Off

Capital Gold Group Report: China Became World’s Top Gold Producer In 2007

Posted on February 24, 2008 by b.whitman

  by Shu-Ching Jean Chen 01.18.08, 4:30 AM ET   Hong Kong – As it has done in many other manufacturing industries, China has made the most of its cost advantage to become the world’s largest gold-producing country, replacing South … Continue reading →

Posted in Uncategorized | Tagged , , , , , , , , , , | Comments Off

Capital Gold Group Report: Precious Metals Spike on Weak Dollar

Posted on February 23, 2008 by b.whitman

Feb 22, 2008 – 04:58:00 HKT    NEW YORK (AP) – Precious metals prices soared Thursday, with gold, silverand platinum hitting record highs after a drop in the dollar led traders toshift funds into hard assets as safe-haven investments. Other … Continue reading →

Posted in Uncategorized | Tagged , , , , , , , , , , , | Comments Off

Capital Gold Group Report: CHINA GOLD — Demand up 26%

Posted on February 22, 2008 by j.ryman

Business Times China’s love of solid gold could be fueling the sharp rise in the precious metal’s price. In the week beginning February 18th, gold prices rose to $948.60 (£482)per ounce. This coincided with China usurping the US as the … Continue reading →

Posted in Capital Gold Group Gold News | Tagged , , , , , , , , | Comments Off

Capital Gold Gold Group Report: Shanghai Futures Exchange Will Make World Gold a Dragon

Posted on February 21, 2008 by j.ryman

Capital Gold Group Report:  The Shanghai Futures Exchange’s new gold contract, which opened January 9, will take world gold prices over the $1000/ounce mark, predicts Victor “Trader Vic” Sperandeo, CEO of N.Y. City-based Alpha Financial Technologies LLC. Speaking from Dallas, … Continue reading →

Posted in Capital Gold Group Gold News | Tagged , , , , , , , , | Comments Off

Capital Gold Group Report: PRECIOUS METALS BULL MARKET

Posted on February 21, 2008 by b.whitman

NEW YORK (MarketWatch) — Gold futures soared to a new record high of $958.40 an ounce Thursday, boosted by weakness in the dollar and the metal’s appeal as a hedge against inflation. The new record high of $958.40 surpassed the … Continue reading →

Posted in Uncategorized | Tagged , , , , , , , , , , , , , , , | Comments Off