Category: Gold & Silver 2009
The analysis published under this category are as follows.
Tuesday, November 24, 2009
Gold Prices Move Higher in a World of Paper Currencies and Paper Promises / Commodities / Gold & Silver 2009
By: GoldCore
Gold has maintained last week's and yesterday's gain and is currently trading near record nominal highs at $1,166/oz, £705/oz and €781/oz. New levels of resistance and support are $1,175/oz and $1,152/oz.
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Tuesday, November 24, 2009
Is the Gold Price a Bubble? / Commodities / Gold & Silver 2009
By: Michael_S_Rozeff
Gold remains undervalued, even at its current price of $1,150 an ounce. One signal of this is that at current market prices of gold, the notes of the FED – its dollar bills – are not fully-backed by gold. That is to say, gold’s price is lower than the Zero Discount Value (ZDV) of gold by a wide margin.
Tuesday, November 24, 2009
Gold Perspective on a World Gone Economically Mad / Commodities / Gold & Silver 2009
By: Adam_Brochert
Since up is down and left is right in an anchorless fiat currency world, one must keep a perspective on things. As a Gold investor, I am not exactly bullish on the U.S. Dollar. However, I also am not bullish on other international paper currencies, either. I wouldn't place faith in the Euro, the British Pound, the Swiss Franc, the Japanese Yen or the Chinese Yuan over the next few years. When the chips are down and the global economy falters, every country now seems to have an endless ability to create more debt and start the party up again - it's like watching synchronized swimming for the damned.
Tuesday, November 24, 2009
Gold Inverse Head and Shoulder Pattern Revisited / Commodities / Gold & Silver 2009
By: Douglas_V._Gnazzo
The following excerpt is from our full weekly report available for subscribers only. Please note that the section below on gold is from the May 1, 2009 report that discusses gold's inverse head & shoulders formation that was still forming at the time - waiting for confirmation that recently occurred.
Bonds
Interest rates are showing their strong influence on the markets. The Fed and other central bankers have been busy plying their trade: intervening in what are supposed to be free markets.
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Tuesday, November 24, 2009
Gold Soaring Towards $1200 Target / Commodities / Gold & Silver 2009
By: Aden_Forecast
Gold is soaring, hitting new record highs almost daily. This C rise is going strong. Our initial $1200 target level for this year's rise has nearly been reached, but gold could go higher.
This is good news for all of us who have been invested in gold for the past eight years. But even for those of you who invested in more recent times, gold has been a good and profitable investment.
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Monday, November 23, 2009
Gold Danger as $1,100 Triggers 34% Drop in Demand / Commodities / Gold & Silver 2009
By: Ned_W_Schmidt
Well, we may have a little deja vu all over again. What is the commonality between oil at $140 and Gold at more than $1,100? The answer is that demand for the oil was declining as oil approached $140, and the same is happening in Gold. From "Gold demand falls 34 per cent in 3rd quarter: World Gold Council," economictimes.indiatimes.com, 20 November, we read:
Monday, November 23, 2009
Gold Upside Targets / Commodities / Gold & Silver 2009
By: Mike_Paulenoff
As spot gold hits the next optimal target zone around $1172, let's look at the big picture of the SPDR Gold Shares (NYSE: GLD). The next optimal target zone off the big base formation in the GLD is 117.00/50. If no profit-taking and/or corrective action occurs in and around 117 (give or take a couple of dollars), then the concept of “vertical blow-off” gets into full swing, with a potential next target of 128-132.
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Monday, November 23, 2009
Gold Hits New USD, Euro and GBP Record Highs / Commodities / Gold & Silver 2009
By: Adrian_Ash
THE PRICE OF GOLD rose against all major currencies early Monday in Asia, recording fresh all-time highs against the US Dollar, British Pound and Euro.
This morning's London Gold Fix – used as a clearing and benchmark price, and set today at $1166.00, £702.41 and €778.53 per ounce – stood 293%, 284% and 171% higher respectively from this time 10 years ago.
Monday, November 23, 2009
Gold Surges to Record Nominal Highs in USD and EUR; $1,200/oz Soon? / Commodities / Gold & Silver 2009
By: GoldCore
Gold has rallied to new record nominal highs in dollars with geopolitical concerns about Iran escalating and the dollar falling again. Possibly of more importance are increasing concerns about the unprecedented and huge public debt levels in large industrialised nations and the as of yet remote possibility of sovereign default (there are concerns that sovereign default could, like subprime, be the catalyst for the next stage in the global financial crisis).
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Monday, November 23, 2009
Is Gold in a Bubble? / Commodities / Gold & Silver 2009
By: Robert_Blumen
Gold has recently broken out to new highs, topping $1150/ounce. The financial media doesn’t trust this move. Widespread commentary has it that gold is in a bubble. Google reports numerous hits for a search on "gold bubble nov 2009." Financial writer and frequent television guest Dennis Gartman agrees:
Read full article... Read full article..."It is a gold bubble and to say otherwise it’d be naïve," Gartman said. He called the trade on the precious metal: "mind boggling and unbelievably crowded," but also said he is currently long – or betting gold will go higher.
Monday, November 23, 2009
Reply To Paul Krugman Attack on the Gold Standard / Commodities / Gold & Silver 2009
By: Howard_Katz
“Selection of gold as our state mineral is acknowledgement of the intimate part it has played in the history of our people and of the fact that mining is a major California economic activity.” Governor Edmund G. Brown, Apr. 23, 1965 (signing legislation designating gold as California’s official state mineral.
Monday, November 23, 2009
Gold, Silver and Crude Oil Out Perform Their Equities? / Commodities / Gold & Silver 2009
By: Chris_Vermeulen
Since the market crash in late 2008 we have seen investors favor quality stocks that pay dividends and have steady earnings. Fast growth companies and equities with physical resources like commodities have also done well.
Let’s examine the monthly charts of gold, silver, oil and natural gas – and observe how they have traded in comparison to their mining equities
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Sunday, November 22, 2009
Gold Long-term Elliott Wave Pattern / Commodities / Gold & Silver 2009
By: Ronald_Rosen
SUNDAY SERMON - SIGMUND FREUD (1865-1939)
“He was a medical doctor who specialized in neurology.
Freud considered personality to be like an iceberg; most of personality exists below our level of awareness, just as the massive part of an iceberg is beneath the surface of the water.
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Sunday, November 22, 2009
Is Investing in Gold Only for Losers? / Commodities / Gold & Silver 2009
By: Merv_Burak
The move in gold since late October cannot be maintained. Is there a rest or reaction ahead? Let’s see what the indicators say.
ONLY FOR LOSERS
I read an interesting article in one of the daily newspapers about investing in gold (bullion). The author made the case that investing in gold is a losing proposition and inferred anyone investing in gold must be nuts. His basic point was that if you had invested in gold “at the top” in 1980 when it was above $800 and held on to it you would have lost your shirt in the next couple of decades as gold dropped below the $300 mark. Now, do you see the fallacy in this kind of argument? There are a couple.
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Sunday, November 22, 2009
Precious Metals Silver SLV and Gold GLD ETFs / Commodities / Gold & Silver 2009
By: Piazzi
Since the last time I wrote about SLV, silver price has strengthened dramatically and has hit a new high for the year
In that post, I mentioned the overall technical posture of SLV and said
Overall SLV has a positive technical profile, and as long as it maintains its posture, I might be tempted to treat pullbacks as buying opportunities.
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Sunday, November 22, 2009
Gold a Channel Buster or Runaway Parabola? / Commodities / Gold & Silver 2009
By: Clif_Droke
The XAU Gold Silver Index closed 0.84% lower on Friday, Nov. 20, to finish options expiration week at 184.28. The Gold Bugs Index (HUI) was 0.96% lower at 472.64. December gold finished the week at $1,146 while December silver closed the week at $18.44.
Saturday, November 21, 2009
Commodity ETF's Liquidity Flows Creating Gold Buying FeedBack Loop / Commodities / Gold & Silver 2009
By: The_Gold_Report
Today's extraordinary loose monetary conditions are "benefiting hard assets," according to James Passin, co-founder and manager of Firebird Global Fund and Firebird Global Fund II. Surplus liquidity is flowing into ETFs that buy commodity futures and physical commodities, which James says, is "creating a feedback loop" that is driving up the price of resources. James discusses gold's momentum, as well as its associated near-term risks and shares some hot companies and sectors he's following right now in this exclusive interview with The Gold Report.
Saturday, November 21, 2009
What Will Drive the Gold Price in the Days Ahead? / Commodities / Gold & Silver 2009
By: Julian_DW_Phillips
Gold is higher than ever before and is still climbing. Many investors are waiting for a fall in the gold price, because they are looking at the past market shape, that has not factored in the major sea-change in the shape of demand. Even many institutional analysts have not realized just what has happened to the market and turn only to their charts to decipher the next moves. You our subscribers, we hope, have realized from our writing and forecasts that a great deal more is still to come in this gold market in the years to come.
Friday, November 20, 2009
Gold Trend Channel Break OutOut What Does This Mean For You? / Commodities / Gold & Silver 2009
By: Przemyslaw_Radomski
Let me begin this week's essay by quoting a part of last week's update, in which I mentioned that the regular interpretation of the trend channel in gold might be misleading this time:
Still, there is a specific phenomenon in the technical analysis that I've noticed during my observations - when a pattern becomes "evident" so that everyone and their brother sees it and are able to act upon it, the price does exactly the opposite to what it is expected to do. There is a good reasoning for that to take place.
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Friday, November 20, 2009
Gold GLD ETF Impact / Commodities / Gold & Silver 2009
By: Zeal_LLC
Five years ago this week, an obscure little ETF called StreetTracks Gold Shares was born. As the first American ETF enabling stock traders to gain direct price exposure to a physical commodity, GLD was truly revolutionary. Now known as SPDR Gold Shares, this ETF has proven to be a smashing success.