Category: Gold & Silver 2009
The analysis published under this category are as follows.
Monday, July 27, 2009
Silver Increasingly Bearish COT Data / Commodities / Gold & Silver 2009
By: Clive_Maund
Although silver moves very much in lockstep with gold, it is looking considerably stronger than gold at this point. The reason for this is its role as an industrial commodity - when the stockmarket is high and rising, as now, silver usually outperforms gold, but once the stockmarket turns, silver then underperforms.
Monday, July 27, 2009
Gold and Gold Stocks at Risk of Serious Reversal / Commodities / Gold & Silver 2009
By: Clive_Maund
The chances of gold breaking out to new highs in the near future are rapidly diminishing as the heavy hitters who have always prevailed up to this point are dramatically ramping up their short positions. Our COT chart shows a big increase in Commercial short positions just over the week up to last Tuesday to levels that in the past have preceded major reactions in gold. While there is still a fair chance of gold making a run at its highs over the short-term, there is considered to be very little chance now of a breakout to new highs, and any such advance towards the highs would likely be accompanied by a further ballooning of Commercial short positions to an even more extreme level that would all but guarantee a heavy reaction.
Monday, July 27, 2009
Precious Metals Rally Running Out of Steam, Or Going a Lot Higher? / Commodities / Gold & Silver 2009
By: Przemyslaw_Radomski
In the previous essay I wrote the following: Recently the precious metals market has been influenced by developments in the general stock market, which contributed to a considerable extent to its recent downswing and subsequent rally. At the moment, the technical situation for the main stock indices is favorable, which means that precious metals are likely to move higher as well.
Monday, July 27, 2009
The Day the U.S. Dollar Died and Gold was Reborn / Commodities / Gold & Silver 2009
By: Bill_Downey
Who would have thought that the information age would be so confusing? Given the same set of conditions, man has this tendency to find different interpretations of the same data. For instance, there is a huge inflation/deflation debate going on. The problem (for some of us) is that both sides can and do give good argument for their respective side. When I read a good deflation article, I am convinced that it will be so. That is, until I read a good inflation article. Then I tend to start thinking inflation again.
Monday, July 27, 2009
Gold Bull Market Guaranteed to Make new Highs During 2009 / Commodities / Gold & Silver 2009
By: Douglas_V._Gnazzo
Gold - For the week gold gained $14.10 (+1.50%) to close at $951.50 (continuous contract). This was the highest weekly close in the last seven weeks, so it is a positive development, especially if it holds.
The daily chart below shows gold approaching overhead resistance, as represented by the late March high, which is marked by the upper white horizontal line on the chart.
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Saturday, July 25, 2009
Gold Marking Time Ahead of Next Direction Explosion, Up or Down? / Commodities / Gold & Silver 2009
By: Merv_Burak
It was actually somewhat of a BLAH week in the market. Monday was gang busters and then nothing for the rest of the week. Gold seems to be marking time waiting for the next explosion, up or down.
PRECIOUS METAL FUNDAMENTALS
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Saturday, July 25, 2009
Will Big U.S. Banks Be Forced to Cover Large Gold Short Positions? / Commodities / Gold & Silver 2009
By: Julian_DW_Phillips
For many years, accusations that JPMorgan Chase, Citigroup, Bank of America and Goldman Sachs have wide open and huge, exposed short positions against gold and silver, have been made by groups like GATA and others. In the United States these four banks control over 90% of the derivatives market. They too will be subject to "substantial supervision and regulations," including conservative capital requirements and strong business conduct standards. U.S. Treasury Secretary Timothy Geithner is set to propose giving securities and futures regulators authority to police the over-the-counter derivatives market. Discussions on these regulations begin next week.
Friday, July 24, 2009
The Appeal of Advanced-Stage Development Assets / Commodities / Gold & Silver 2009
By: The_Gold_Report
Primevest Capital Corp. President Ryaz Shariff reaffirms his long-held status as a commodity bull in this exclusive interview with The Gold Report, telling us to expect significant upticks in the markets once demand resumes. He also talks about some of the value-creating catalysts he seeks among the investments he makes. High on his list are advanced-stage development explorers that could attract a sensible suitor or two from among the majors.
Friday, July 24, 2009
Gold's Quest to Break Above $1000 / Commodities / Gold & Silver 2009
By: Zeal_LLC
Big round numbers are irresistibly alluring. There is some kind of psychological gravity about them that captures people’s attention. Remember when the Dow 30 first breached 10k (March 1999) or oil first exceeded $100 (February 2008)? These were major financial-media events that spilled widely into the mainstream consciousness.
Thursday, July 23, 2009
Three United States Gold Scenarios, Fort Knox, Fort Hocks or Fort Shocks / Commodities / Gold & Silver 2009
By: Stewart_Dougherty
For 72 years, the building at the intersection of Bullion Boulevard and Gold Vault Road in Fort Knox, Kentucky has symbolized the financial strength of the United States of America. The United States Bullion Depository, better known as Fort Knox, is said to contain 147.3 million troy ounces of gold, over half the nation’s total reported gold bullion holdings of 261.5 million troy ounces. The remaining 114 million ounces are said to be stored at the Denver and Philadelphia Mints, the West Point Bullion Depository, and the San Francisco Assay Office. Assuming a price of $1,000 / ounce, the nation’s gold is worth $261.5 billion. If the metal is actually there, it represents the largest sovereign stockpile of gold bullion in the world.
Thursday, July 23, 2009
Gold Consolidating Below $960, Supported by Fed Quantitative Easing / Commodities / Gold & Silver 2009
By: Adrian_Ash
THE PRICE OF GOLD slipped $8 an ounce from its best level since June 12th in London on Thursday, dropping back from $957 as European stock markets struggled near break-even but US stocks began the day higher.
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Thursday, July 23, 2009
Gold and Gold Stocks Preparing to Rocket Higher / Commodities / Gold & Silver 2009
By: Chris_Vermeulen
It’s that time again when the gold bugs come crawling out of the wood work.
Monthly, weekly and daily charts are all about to move close together and when then happens be ready to buy gold and gold stocks (golden rockets). Technically speaking we are still a long way from the HUI monthly chart breaking out to the up side. But if this bullish price action continues our weekly and daily trading signals will reap big rewards as we enter gold early before the next leg (rally) higher.
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Wednesday, July 22, 2009
Economic Crisis Hit Italy Hits Crisis Over Anti-Crisis Gold Tax / Commodities / Gold & Silver 2009
By: Adrian_Ash
If this sounds like a rough and clumsy translation of Italy's proposed gold tax, you should see the original...
THERE'S ONLY so many ways you can say "No" in Italian (just the one in fact), and the Bank of Italy has used them all in defending its gold hoard from Rome's over-spent politicians in the last 10 years.
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Tuesday, July 21, 2009
Gold to Outperform in Very Impressive Fashion / Commodities / Gold & Silver 2009
By: The_Gold_Report
With a number of factors coalescing in the not-too-distant future, the bulls will restore golden days for gold, according to Brien Lundin. As editor of Gold Newsletter, one of the world's oldest and most respected precious metals and mining stock advisories, he should know. With a transition toward an inflationary environment underway, he figures that the worst of the financial crisis has passed and that the market "generally" will not test new lows. In this exclusive chat with The Gold Report, Brien also says we may be surprised to see how quickly greed and speculation replace the fear and trepidation that have gripped the market for the past year or so.
Tuesday, July 21, 2009
Gold Steady as Fed Delays Quantitative Easing Exit Plan as Debt Monetization Risks Inflation / Commodities / Gold & Silver 2009
By: Adrian_Ash
THE PRICE OF GOLD ticked back above $950 an ounce Tuesday lunchtime in London as US stock futures pointed higher for the 7th session running.
Government bond prices slipped. Crude oil ticked higher above $64 per barrel.
Tuesday, July 21, 2009
Gold Steady as Dollar Continues to Weaken / Commodities / Gold & Silver 2009
By: GoldCore
Gold: Gold continues to hold steady in the face of continuing dollar weakness. The dollar has firmed up slightly this morning, resulting in gold dipping below the $950/oz mark, a level it sustained in trading yesterday. Activity in gold ETFs has been particularly positive with the ZKB ETF reporting the 4th consecutive week of positive inflows and news that bank vaults in Switzerland are having capacity issues due to the volumes of gold and silver being stored there.
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Monday, July 20, 2009
Significant Rally for Gold as Massive Debt Monetization Becomes Necessary / Commodities / Gold & Silver 2009
By: Ned_W_Schmidt
Failing economic policies of the Obama Regime are setting the stage for the next significant rally for $Gold as massive debt monetization becomes necessary. Before going into that though, we need to understand the situation with the U.S. economy. That will allow us to understand how coming Federal Reserve actions will push $Gold above $1,000. Read full article... Read full article...
Monday, July 20, 2009
Gold Jumps vs. All Currencies, Physical Buying "Provides Support" / Commodities / Gold & Silver 2009
By: Adrian_Ash
THE PRICE OF GOLD rose sharply against the US Dollar on Monday morning in London, jumping 1.6% to a 6-week high at $954 an ounce as world stock markets also rose yet again.
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Monday, July 20, 2009
Gold Breaks Through Resistance / Commodities / Gold & Silver 2009
By: GoldCore
Gold: Gold is currently trading at $946.50/oz and has broken though resistance of $939 and $942 very quickly. Fresh interest in the metal as an inflationary hedge surfaced on Friday on the back of a weaker dollar and higher oil prices.
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Monday, July 20, 2009
Seven Myths About Gold Debunked, Bubble Bursting Warning Target $600? / Commodities / Gold & Silver 2009
By: Andrew_Butter
A bubble is when prices gets distorted from fundamentals by speculation, fear, market manipulation...etc; they are different from cycles which are the natural trade-off and re-adjustment of supply and demand; the difference is that bubbles pop (The Seven Immutable Laws of Bubbles: Example, Housing Markets in USA, UK & Duba). The problem with understanding gold is it's hard to work out the fundamentals, which explains why there are so many myths about it.