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Gold Oversold

Commodities / Gold & Silver 2009 Mar 05, 2009 - 05:49 AM GMT

By: Mark_OByrne

Commodities Best Financial Markets Analysis ArticleGold fell for the eight straight session yesterday to have the longest losing streak since June 2006 (silver broke its losing streak). Gold is clearly oversold in the short term and due a bounce. The question is whether the bounce will lead to another challenge of resistance at $1,000/oz sooner than most expect or whether the bounce is a prelude to further weakness which could see gold fall to as low as support between $850/oz and $880/oz.


The global macro remains as supportive as ever with the Bank of England and the ECB set to slash interest rates closer to 0% today and the BoE set to commence quantitative easing.

The unprecedented challenge facing the global financial system is the solvency of large institutions and increasingly of the system itself as the shadow banking system poisons the well. This is leading to a continuing unavailability of credit and this is the challenge rather than the cost of credit. Indebted consumers and businesses’ financial pain may be alleviated in the short term but quantitative easing and printing money could lead to debasement of the world’s leading fiat currencies and to very significant inflation in the coming months.

We live in unprecedented financial and economic times and global macroeconomic and systemic risk is extremely high and set to remain high for the foreseeable future.

By Mark O'Byrne, Executive Director

Gold Investments
63 Fitzwilliam Square
Dublin 2
Ireland
Ph +353 1 6325010
Fax  +353 1 6619664
Email info@gold.ie
Web www.gold.ie
Gold and Silver Investments Limited
No. 1 Cornhill
London,
EC3V 3ND
United Kingdom
Ph +44 (0) 207 0604653
Fax +44 (0) 207 8770708
Email info@www.goldassets.co.uk
Web www.goldassets.co.uk

Gold and Silver Investments Ltd. have been awarded the MoneyMate and Investor Magazine Financial Analyst of 2006.

Mission Statement
Gold and Silver Investments Limited hope to inform our clientele of important financial and economic developments and thus help our clientele and prospective clientele understand our rapidly changing global economy and the implications for their livelihoods and wealth.
We focus on the medium and long term global macroeconomic trends and how they pertain to the precious metal markets and our clienteles savings, investments and livelihoods. We emphasise prudence, safety and security as they are of paramount importance in the preservation of wealth.

Financial Regulation: Gold & Silver Investments Limited trading as Gold Investments is regulated by the Financial Regulator as a multi-agency intermediary. Our Financial Regulator Reference Number is 39656. Gold Investments is registered in the Companies Registration Office under Company number 377252 . Registered for VAT under number 6397252A . Codes of Conduct are imposed by the Financial Regulator and can be accessed at www.financialregulator.ie or from the Financial Regulator at PO Box 9138, College Green, Dublin 2, Ireland. Property, Commodities and Precious Metals are not regulated by the Financial Regulator

Disclaimer: The information in this document has been obtained from sources, which we believe to be reliable. We cannot guarantee its accuracy or completeness. It does not constitute a solicitation for the purchase or sale of any investment. Any person acting on the information contained in this document does so at their own risk. Recommendations in this document may not be suitable for all investors. Individual circumstances should be considered before a decision to invest is taken. Investors should note the following: The value of investments may fall or rise against investors' interests. Income levels from investments may fluctuate. Changes in exchange rates may have an adverse effect on the value of, or income from, investments denominated in foreign currencies. Past experience is not necessarily a guide to future performance.

All the opinions expressed herein are solely those of Gold & Silver Investments Limited and not those of the Perth Mint. They do not reflect the views of the Perth Mint and the Perth Mint accepts no legal liability or responsibility for any claims made or opinions expressed herein.

Mark O'Byrne Archive

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Comments

1776 again
06 Mar 09, 03:14
The US FED, In Concert with other central banks, manipulates markets

Anyone with eyes to see, ears to hear and the power of observation knows that the FED/Treasury manipulate the commodity markets via their alias traders as well as the rest of the market, especially because they are scared to death they are going to lose their power. They lie, cheat and steal as the cabal they are, in concert with their well placed partners among our elected officials and their appointees, as well as with other central banks.

One cannot turn on either Bloomberg or Fox Business News market reports, streaming in in real time to see evidence of it. Check it out at times during the night at 2:30 through 345, at noon, and around 2:30 before the markets close. You will see the pattern.

When all securities are now in the name of CEDE & CO. as owner, so that the real owner is listed as the BENEFICARY OF CEDE & CO, it is just one computer entry to buy, sell and transfer OUR SECURITIES back and forth anonymously. and sell the securities that belong to US. Notice from my broker of the changes which will cancel out the delivery of certificates of ownership by individuals ceased as of January 2009.

Computer trading is their official method now, as it has been with the futures markets through the various alias entities used to manipulate the metals for a long time.


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