Category: Gold & Silver 2009
The analysis published under this category are as follows.
Monday, June 15, 2009
Silver Heading for Higher Highs After Current Correction Ends / Commodities / Gold & Silver 2009
By: Roland_Watson
A week or so ago we gave the short term view of silver that a decent sized top was in. Our first choice Elliott wave pattern (see below) looked complete as you can see from the chart we reproduce below. We had an alternate wave count which would be invalidated if it went below $14.80. That has now happened so the first choice count is vindicated.
Monday, June 15, 2009
Gold Continues Trend Lower as Dollar Strengthens / Commodities / Gold & Silver 2009
By: Adrian_Ash
THE SPOT PRICE OF gold fell for US investors but held steady outside the Dollar early Monday as world stock markets and "risk assets" tumbled in the face of a fast-strengthening US currency.
Recording the lowest AM Gold Fix in three weeks at $932 an ounce, gold fell 0.8% vs. the Dollar after Russian finance minister Alexei Kudrin said the US currency was "in good shape" at this weekend's G8 summit of leading economies in Lecce, Italy.
Monday, June 15, 2009
Several Factors Suggest the Bottom in Gold and Silver Correction Is Near / Commodities / Gold & Silver 2009
By: Przemyslaw_Radomski
This essay is based on the Premium Update posted on June 14th, 2009
In my previous essay (and in my previous Premium Update, which you will be able read, as it is now posted on my website as a sample version) I wrote the following:
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Monday, June 15, 2009
The Precious Metal and Energy Trading Report / Commodities / Gold & Silver 2009
By: Chris_Vermeulen
We continued to see precious metals under pressure last week. The US dollar moved firmly higher on Friday which sent gold & silver plummeting lower. Oil continued to drift to new multi month highs while natural gas moved sideways.
Sunday, June 14, 2009
Gold Bullish Trend Intact Despite Strong Reaction From $1000 / Commodities / Gold & Silver 2009
By: Merv_Burak
The U.S. Dollar Index rallied for a few days but is once more showing weakness. With all that debt and printed money, how can the $ stay up there for so long? Both the $ and gold were down on the week. So much for moving in opposite directions.
Saturday, June 13, 2009
Gold Rally Continuation Potentially in Doubt / Commodities / Gold & Silver 2009
By: Mike_Paulenoff
The more I examine gold market technicals, the more suspicions I have about
its rally potential. The recent weakness in spot gold prices has just
pierced the sharply rising 20-day moving average for the first time since
the April lows at $864.50. In the past, a sustained downside violation of
the 20 DMA has represented a near-term sell signal that invariably runs
prices towards a test of the 50 DMA thereafter.
Saturday, June 13, 2009
Will the Gold Price Fall, When Consumer Confidence Really Rises? / Commodities / Gold & Silver 2009
By: Julian_DW_Phillips
Here we are with the gold price pulling back towards $900 after threatening $1,000. It hit $985 then pulled back into the $930's. Traders did not want to be in the lead in taking it over $1,000. Now it needs time to re-group and build up the strength and the reason why it should go through $1,000. Long-term investors have been on the sidelines since gold ran through the $900 level and COMEX speculators have jumped in 'boots an' all' taking it up on a Technical basis to just below $1,000.
Friday, June 12, 2009
John Embry Expects $1,500 Gold and Early Stage Hyperinflation by Year End / Commodities / Gold & Silver 2009
By: The_Gold_Report
Back for another thought-provoking conversation with The Gold Report, John Embry sees both good and bad news in the weeks, months and years ahead. For example, John— Sprott Asset Management's chief investment strategist—is braced for "an ugly summer," with "another significant test in the equity market." Before year-end, he anticipates $1,500 gold—but also the beginning of worldwide hyperinflation that may take many Americans by surprise. And while John is bearish on world economies for the next few years, within that same time he looks toward "numerous 5- and 10-baggers" among small-cap gold producers and junior explorers with solid projects.
Friday, June 12, 2009
Is Silver Money? (Revisited) / Commodities / Gold & Silver 2009
By: David_Morgan
I just returned from the Cambridge House Investment Conference in Vancouver, BC, and found this to be one of the best precious metals gatherings ever, not so much from the perspective of a number of attendees, but from the quality of the people who did attend.
Friday, June 12, 2009
Gold Tumbles on U.S. Dollar Rally / Commodities / Gold & Silver 2009
By: Adrian_Ash
Gold Unwinds 2/5ths of Rally as Dollar Rises; 5% Allocation Advised for Investors, 40% "Easily Justified" or Central Banks
THE SPOT PRICE OF GOLD slipped to new 3-week lows Friday lunchtime in London, unwinding two-fifths of the 14% rally from mid-April as the US Dollar rose and oil prices retreated from yesterday's new 8-month highs.
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Friday, June 12, 2009
Asian Central Banks Adding to Their Gold Reserves / Commodities / Gold & Silver 2009
By: Mark_OByrne
Gold: Gold's short term movements are still intrinsically linked to whatever the dollar is doing at the moment. Gold is currently trading at $949.50 and $950 seems to be where the market is settling for the time being. In the medium to long term, gold will still be sought after by investors wishing to hedge against very real inflationary worries. The US bond market is under huge pressure with increasing yields. A huge sell off would spark a fall in the dollar and a rise in long term interest rates.
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Friday, June 12, 2009
Silver Temporary Setback / Commodities / Gold & Silver 2009
By: Seven_Days_Ahead
A recent Key Reversal Day, ahead of key resistance. This could be enough to justify a shorter term bear stance in Silver, notwithstanding the latest rebound. And the reward/risk ratio looks sufficiently large too…
Thursday, June 11, 2009
Gold Near $950 as U.S. Treasury Bonds Fall Again / Commodities / Gold & Silver 2009
By: Adrian_Ash
THE PRICE OF GOLD rebounded off yesterday's low beneath $950 an ounce Thursday morning in London, ticking down from Monday's 3-month high as world stock markets held flat and government debt prices fell.Read full article... Read full article...
Thursday, June 11, 2009
Gold Tracking U.S. Dollar / Commodities / Gold & Silver 2009
By: Mark_OByrne
Gold: Gained nearly 0.5% yesterday as it continues to track the fortunes, or lack thereof, of the dollar. It is currently trading at $953.30. Very strong support is showing at $935 with resistance still looking to break the magic $1000 level.Read full article... Read full article...
Thursday, June 11, 2009
Commodity Markets, Gold, Silver and Oil- What to do Next? / Commodities / Gold & Silver 2009
By: Chris_Vermeulen
With so much happening in the market, emotions flying high and from being blinded by fear and greed many investors are wondering What do I do now?
Wednesday, June 10, 2009
Gold Rises as Stocks, Crude Oil Leap on Weak U.S. Dollar / Commodities / Gold & Silver 2009
By: Adrian_Ash
THE PRICE OF GOLD rose early Wednesday, recovering two-fifths of last week's 4.5% sell-off at $963 per ounce as stocks and crude oil leapt on Dollar weakness.
"The price action for the past week has been bearish following test of 990," says the latest technical analysis from London market-makers Scotia Mocatta. "We believe the market will look to sell Gold on any rally while 966 holds [as resistance]."
Wednesday, June 10, 2009
Gold Targetting Resistance at $968 on U.S. Dollar Weakness / Commodities / Gold & Silver 2009
By: Mark_OByrne
Gold
The gold market continues to track the dollar. As the dollar retraces recent gains against the major currencies, touching a two week low on Monday, gold currently stands at $961.10. With many FX analysts currently holding a medium-term bearish view on the dollar, the outlook remains positive for gold. The next resistance level for gold is at $968 followed by $983. Support is currently at $941 & $935.
Tuesday, June 09, 2009
Silver’s 61.8% Fibonacci Top Is Here / Commodities / Gold & Silver 2009
By: Florian_Grummes
It´s time again to update my technical perspective on silver.
Last week the strong rally in Silver ended exactly at the 61.8% retracement from the bear market since the summer 2008 from the $21.44 low to the november low $8.40. I still find id amazing how precise markets can be at times.
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Tuesday, June 09, 2009
Silver's Scarcity Price Premium / Commodities / Gold & Silver 2009
By: The_Gold_Report
'Silver and gold, silver and gold'. . .what to invest in—silver or gold? Investors on either side of this long-running debate are passionate about their precious metal of choice. But are they looking—or listening—to the right indicators? In this exclusive interview with The Gold Report, Mike Kachanovsky, aka 'Mexico Mike' from his Investor's Digest of Canada column, discusses historical changes in the gold-to-silver price ratio, shrinking supply. . .and what to buy.
Tuesday, June 09, 2009
Gold Positive Outlook / Commodities / Gold & Silver 2009
By: Adrian_Ash
THE SPOT PRICE OF GOLD ticked north of a tight $6 range Tuesday lunchtime in London, moving 1.4% above yesterday's two-week low to $957 per ounce as Asian stock markets closed lower and the US Dollar eased back on the currency markets.
Government bond prices rose, pushing long-term interest rates lower. Crude oil added 1% to move back above $69 per barrel.