Category: Gold & Silver 2009
The analysis published under this category are as follows.
Monday, October 05, 2009
Gold Continues to Rally on Rising on Risk Appetite / Commodities / Gold & Silver 2009
By: Adrian_Ash
THE WHOLESALE PRICE OF PHYSICAL GOLD held tight around London's AM Gold Fix of $1004.25 an ounce early Monday, starting the week 1.4% higher from last Monday as world stock markets opened the week 4% down.
Government bond prices rose, pushing the yield offered by 10-year UK gilts down to 3.43%, their lowest level since late April.
Monday, October 05, 2009
Gold Surges Through $1,000 as Poor US Jobs Report Leads to Renewed Risk Aversion / Commodities / Gold & Silver 2009
By: GoldCore
Gold surged back through $1,000/oz on Friday, as the dollar weakened based on poor US non-farm payroll data. It is holding above that level and a continued hold above $1,000/oz should signal that gold has strong fundamentals despite its recent behaviour being influenced by short term dollar fluctuations.
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Sunday, October 04, 2009
Gold and Silver Quick Consolidation or Serious Breakdown? / Commodities / Gold & Silver 2009
By: Przemyslaw_Radomski
In my previous essay, I commented i.a. on the situation in the U.S. Dollar. I wrote the following:
There are several factors that make me think that we may move a little higher - above 77 but not higher than the 78 level. The declining trend line (thick blue line) provides a solid resistance right now, and it has not been reached yet. Moreover, the breakdown below December 2009 low has not been verified yet, and a brief move higher from here would verify it.
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Sunday, October 04, 2009
Gold Needs to Hold Important Support / Commodities / Gold & Silver 2009
By: Douglas_V._Gnazzo
Gold - Gold had a good week, gaining $12.10 (+1.22%) to close at $1003.00 for a weekly gain of +1.22%. So far this year gold is up 13.7%.
The daily chart below shows GLD testing its recent breakout above the June high, as marked by the dotted horizontal support line. Gold has already tested this level previously and bounced higher.
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Sunday, October 04, 2009
Gold Long-term Rating Remains Bullish / Commodities / Gold & Silver 2009
By: Merv_Burak
So, the 2016 SUMMER Olympics will be held in WINTER. Do I have that right? On the other hand I guess it’s summer all year round in Rio. Nothing helped the precious metals market this week. Maybe we’ll see more movement this coming week.
Sunday, October 04, 2009
Gold Price Forecast October 2009 Update / Commodities / Gold & Silver 2009
By: Bill_Downey
There was financial life before the 2008 meltdown……….and there is going to be life after the 2008 meltdown. It is the most significant event in modern day financial history as far as the total effect and financial drawdown that it has unleashed. It’s a shock wave and repercussion that stems from the August 1971 removal of the United States Dollar from the gold standard by Richard M Nixon. If you have time I urge you to watch the broadcast from that evening. You can Google it. It’s worth the listen, especially listening to Nixon telling the American people that this is being done for their sake and their well being. Telling us that it’s to make the nation competitive again (sic). To teach the dollar speculators a lesson proclaimed Nixon. Watching it now, I couldn’t help but ponder how naïve we must all have been to swallow that dialogue.
Friday, October 02, 2009
What Do Gold Price Fundamentals Say about the Future of Money? / Commodities / Gold & Silver 2009
By: Julian_DW_Phillips
The gold price is now holding just below $1,000 and consolidating. Why is it at a high point having fought to get there over the last 18 months or so? Since it first broke through the 30 year high of $850 it has held its ground. It has steadily built a base over $850 and is moving if it has not already moved to a clear Point of Resolution, where it will show itself as either having had its day or is at the beginning of a new day. Which way will it go? As many believe that it move the opposite way to the $, it is telling us that the $ is also at a Point of Resolution.
Friday, October 02, 2009
New Upleg for Gold? / Commodities / Gold & Silver 2009
By: Mike_Paulenoff
Gold -- and the SPDR Gold Shares (NYSE: GLD) -- has rocketed off of its lows, largely in reaction to the weaker dollar that emerged in the aftermath of the disappointing Jobs data -- and because Mr. Market senses that the Gov't may well have to pump additional substantial liquidity into the "economy" to avert another deflationary downward spiral...which is perceived to be bullish "eventually" for gold.
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Friday, October 02, 2009
Gold Drops with Stocks Hits Worst US Jobs Data in 26 Years / Commodities / Gold & Silver 2009
By: Adrian_Ash
THE SPOT PRICE OF PHYSICAL GOLD fell hard in London on Friday, slipping to a three-day low of $989 per ounce after the United States reported its worst unemployment rate since June 1983.
Global stock markets had already sunk for the fourth session running, before the US Dollar rose further – adding to last night's two-week high – on news of 263,000 job losses in September.
Friday, October 02, 2009
Gold's Record Monthly Close Is Significant from a Technical Perspective / Commodities / Gold & Silver 2009
By: GoldCore
Gold is down slightly this morning but still continuing to knock on the door and consolidating near the psychological $1,000/oz mark. The gold market will probably be relatively quiet until the release of US non- farm payroll data this afternoon. Depending on the figures, which are expected to be quite poor, an aversion to risk should further bolster gold's appeal.
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Friday, October 02, 2009
Silver as Money? Give Me a Break! / Commodities / Gold & Silver 2009
By: David_Morgan
Tom Jeffries of HoweStreet.com Interviews David Morgan of Silver-Investor.com.
Tom Jeffries: David Morgan is editor and publisher of The Morgan Report. Full disclosure: it is my favorite publication. David is one of the leading experts on silver in the world. The Web site is silver-investor.com. You get all the details about The Morgan Report.
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Thursday, October 01, 2009
Gold is a Bargain At $1,000 / Commodities / Gold & Silver 2009
By: Michael_J_Kosares
Despite a four-digit price tag, gold remains a relative bargain when a little perspective is applied.
Thursday, October 01, 2009
Gold Price Manipulation Game Has Changed, The Achilles Heel Exposed / Commodities / Gold & Silver 2009
By: Rob_Kirby
In a discussion I had earlier this week with Dr. Jim Willie, we discussed how the prices of gold and silver have been arbitrarily managed for years. In this discussion, I contended that, while the prices of gold and silver have been closely managed, the growing “off-take” of physical bullion is inflicting great damage on price managers. We can see manifestations of this reality in that price corrections [sell-offs] are much shallower and shorter lived than they were even last year. Jim asked me if I could provide any “hard data” or minutia showing the amounts of physical metal being taken off the market in recent weeks.
Thursday, October 01, 2009
China’s lack of gold reserves and its young gold mining industry / Commodities / Gold & Silver 2009
By: Miles_Banner
Over the last few weeks we’ve been paying more attention to China as it emerges from the East. There are three reasons why China poses such an interesting potential return of value for traders.
Thursday, October 01, 2009
Gold Bid Back Above $1,000 Despite Dollar Rally / Commodities / Gold & Silver 2009
By: Adrian_Ash
THE PRICE OF GOLD opened the fourth quarter of 2009 above $1000 an ounce on Thursday, holding onto yesterday's 1.5% gain as equities dropped worldwide and the US Dollar rose on the forex market.
Government bonds were flat. Crude oil retreated from Wednesday's jump above $70 per barrel.
Thursday, October 01, 2009
What Is Money?, Precious Metal Coinage / Commodities / Gold & Silver 2009
By: Gary_North
The case for precious metal coinage as the best form of money arises from two things: first, an understanding of how money developed in the past; second, an understanding of economic theory.
Wednesday, September 30, 2009
Gold Sets New Monthly Record High / Commodities / Gold & Silver 2009
By: Adrian_Ash
THE PRICE OF GOLD moved back above $1000 an ounce Wednesday morning in London, heading for its best-ever monthly average in Dollar as the US currency lost 3.5% of its forex value from the end of August.
Asian shares finished the day higher, but Tokyo's Nikkei's closed September down 2.5% on the month.
Wednesday, September 30, 2009
Gold Well Supported in Mid to High $900/oz Region / Commodities / Gold & Silver 2009
By: GoldCore
Gold is currently trading at $1,001.80/oz and has bounced from a low of $991/oz and continues to follow currency movements. This week is the first week of the new Central Banks Gold Agreement, which caps gold sales from official reserves.Read full article... Read full article...
Wednesday, September 30, 2009
Is Gold a Reasonable Investment or Not? / Commodities / Gold & Silver 2009
By: Washingtons_Blog
This essay rounds up arguments for gold as a reasonable investment.
Wednesday, September 30, 2009
Peak Gold +Weak U.S. Dollar =Gold Price $2,000+ / Commodities / Gold & Silver 2009
By: The_Gold_Report
A highly regarded resource sector expert who discusses his field fervently whenever possible and whose writings include the top-ranking Outstanding Investments, Byron King brings his views direct to The Gold Report audience in this exclusive interview. Unconvinced that the recession is behind us, he is equally sure that the "bottomless pit" mentality of stimulus spending will wreck the dollar. Those are among the reasons he sees $2,000-per-ounce gold on the not-too-distant horizon.