Since July, Bullion falls hard, fast
By Mark Ferguson – COIN VALUES Market Analyst
In the face of daily major financial news that’s negative, precious metals’ prices have managed to fall just like paper-asset based investments have. Historically, precious metals have been used as hedges, to preserve asset value during times like these. But not now.

Since mid-July, silver has plummeted from more than $19 per ounce to between $10 and $11 at this writing (Sept. 16).Gold has fallen from more than $975 per ounce to below $750 per ounce during the same time period.
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Gold Price Spike Breakout or Temporary?
By The Market Oracal
Although gold staged an amazingly powerful rally last Wednesday and Thursday, some are worried that the reaction on Friday, seemingly in response to the newly hatched “bailout plan” by the government and the Fed, marks the start of a slump back into obscurity as the bailout plan “works”, so that last week’s sharp rally turns out to have been nothing but a temporary spike. So let’s make several things clear.
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Radical gold bugs gloating, but guarded
By Peter Brimelow, MarketWatch
Radical Goldbugs 1, Financial Establishment 0. However this game ends, the bugs are looking better right now. I call the group of writers publishing in Bill Murphy’s Le Metropole Café pay Website “radical” gold bugs because they argue, not just that gold is a defense against governments debasing the currency, but also that the U.S. government and its agents have been actively manipulating the gold price downward to help sustain the financial asset bubble
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Gold May Rise for Second Straight Week on Demand for Haven
By Pham-Duy Nguyen – Bloomberg
Gold may rise for a second straight week as investors seek a haven from credit-market turmoil. Fourteen of 22 traders, investors and analysts surveyed from Mumbai to Chicago on Sept. 18 and Sept. 19 advised buying gold, which surged 13 percent last week to $864.70 an ounce in New York. Seven said to sell, and one was neutral.
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Asia Gold-Investors cash in on rally, premiums under pressure
By Lewa Pardomuan – Reuters
Investors across Asia sold back their bullion for cash after prices briefly jumped to $900 an ounce as fears of financial stability in the United States spurred speculative buying, dealers said on Monday.
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Gold Market Update
By: Clive Maund – GoldSeek
Although gold staged an amazingly powerful rally last Wednesday and Thursday, some are worried that the reaction on Friday, seemingly in response to the newly hatched “bailout plan” by the government and the Fed, marks the start of a slump back into obscurity as the bailout plan “works”, so that last week’s sharp rally turns out to have been nothing but a temporary spike. So let’s make several things clear.
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The Reality of the Bailout World
by GoldSeek
September of 2008 will go down in financial history as the most dramatic moment since 1929 and 1987. Unprecedented recent actions by the government and monetary authorities will be studied for years to come. Today, nobody fully understands what really happened in the past few weeks. These events will be analyzed and re-analyzed in the future and a greater understanding will be gained.
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Silver Market Update
By: Clive Maund – SilverSeek
Although silver investors may be understandably disappointed at its rather muted rally last week compared to that in gold, we should keep in mind that silver makes its best gains towards the end of gold uptrends, not at the start of them, which is where we are now. In the last update a snapback rally was predicted for silver on account of its severely oversold condition and proximity of strong underlying support and this is what we are now seeing.
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