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Gold demand outstrips annual mining production. Gold prices, now around $405/ounce, should continue to rise in 1996, probably to $500 or higher. If German and Japanese central bankers ease interest rates, the resulting inflation should also boost gold. Several gold mining stocks are analyzed.

The relationship between gold and silver cash and futures markets and the intertemporal behavior and predictability of the gold-silver spread were studied based on a 'no arbitrage' model. Results show that the manner by which the spread is defined can significantly affect trading results and that each cash and futures spread series are best presented using error correction representations. In addition, results indicate that returns from spreading are highly predictable and that for constrained and unconstrained cash and futures spreads, average trading rules can result in heavy losses.

Gold is not likely to regain its former glory as an investment medium, despite recent favorable developments. It was assumed that a nominal profit can be realized before inflation and taxes as long as inflationary expectations are greater than the cost of holding gold, once undisputed as the world's most famous commodity. However, this has led to prolonged periods of deflation during gold standard eras as money supply was dependent on physical supplies of gold., Don't call it a comeback. Gold may be ticking slightly higher, but the world's most famous commodity is far from reclaiming its gloried past. Still, it's a market worth trading. [...]

Metal prices are likely to increase in 1994 due to a number of political and economic uncertainties. A survey is conducted among trade experts to determine the market potential of four precious metals. These metals include gold, silver, platinum and palladium. Among the four, analysts believe that silver prices may be the most volatile commodity., If, as some analysts say, psychology is a major price mover in precious metals, then May should be a real schizophrenia inducer. That's when major metals producer South Africa is [...]

Precious little keeping gold, silver precious Riding a wave of bullish expectations, many precious metals traders found the Persian Gulf war downright malicious. The bulls aren't finding a silver lining [...]

After four months of economic reform, Brazil may be bogging down. Conditions are bringing new meaning to the term 'stagflation' with the nation trying to handle a stagnant economy amid [...]

Research into the intraday return volatility in gold futures contracts trade on the COMEX division of the New York Mercantile Exchange is presented. It was found that there is a clear U-shaped pattern in the intraday volatility, with the volatiles at the open and close of the market being higher than the volatility in the middle of the day.