Category: Gold and Silver 2010
The analysis published under this category are as follows.Thursday, May 20, 2010
Gold Gets Political / Commodities / Gold and Silver 2010
The Punch-and-Judy distraction of Glenn Beck vs. Brooklyn and Queens' finest...
IT WAS CERTAIN to happen at some point. Because we all have a choice – "a choice between the natural stability of gold and the honesty and intelligence of the members of government," as the playwright and early Socialist George Bernard Shaw put it.
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Thursday, May 20, 2010
Gold, Crude Oil, U.S. Dollar and SP500 Technical Trading Report / Commodities / Gold and Silver 2010
It has been an interesting week in the market as stocks and commodities push to extreme support levels. Below I have posted some charts showing where the market is currently trading at and what I think is likely to unfold.
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Thursday, May 20, 2010
Gold's Sell-Off a Correction in Ongoing Bull Market / Commodities / Gold and Silver 2010
Now that all of the "I told you so's," and market "revisionists" are telling us that gold is a terrible "defensive position" and no one should have thought otherwise, let's have a look at what the multi-month technical set-up indicates in the SPDR Gold Trust (NYSE: GLD).
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Wednesday, May 19, 2010
The End of the Gold Bull Market / Commodities / Gold and Silver 2010
David Galland, Managing Director of Casey Research, interviews... David Galland.
Q. With gold and gold stocks on a tear, does Casey Research still recommend holding 1/3 of a portfolio in cash?
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Wednesday, May 19, 2010
Gold, Precious Metals, Commodity Currencies and Stocks Fall / Commodities / Gold and Silver 2010
Gold closed with a loss of 1.09% yesterday. It rose from $1,206/oz to $1,220/oz in Asian and early European trading this morning. Gold subsequently came under pressure due to profit taking and institutional selling driving prices through key technical levels. Gold is currently trading at $1,190/oz and in euro and GBP terms, at €965/oz and £827/oz respectively.
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Wednesday, May 19, 2010
Deflation and Economic Weakness Are the Best Catalysts for Gold / Commodities / Gold and Silver 2010
Recently, I had written about how a deflationary impulse in the capital markets would be a catalyst for the gold stocks. This turned out to be accurate as stocks and commodities weakened while treasuries and the US Dollar advanced. Gold and gold stocks also moved higher. Nevermind the comments I received about how we are in an inflationary period and Gold will go down in a deflationary period.
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Wednesday, May 19, 2010
Gold Parabolic Rise Resolution Crash Target / Commodities / Gold and Silver 2010
A crucial component to many processes is the catalyst. It really has nothing to do with the process, but the presence of the catalyst acts an enabler. Greece may have been one of those catalysts. In terms of the world, Greece has no economic meaning. Greece is way out in the decimals. Economic problems of California are certainly larger. Yet, no one is buying Gold because of the end of the California dream. No one is talking about the dissolution of the U.S. because of the economic collapse of California, Illinois, and New Jersey.
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Wednesday, May 19, 2010
Gold Hit by High Volatility as Eurozone Risks Failure / Commodities / Gold and Silver 2010
THE PRICE OF GOLD fell hard versus the surging US Dollar in Asia and London on Wednesday, falling to a 1-week low of $1202 an ounce as world stock markets and commodities also sank.
Banned by German regulators from making "naked" bets against Eurozone government debt, speculative pressure instead squashed the single currency to a new four-year low of $1.2150 late on Tuesday.
Tuesday, May 18, 2010
Bullish on Gold and the U.S. Dollar / Commodities / Gold and Silver 2010
On one hand, gold prices cannot seem to catch a bid today, but on the other, spot gold has undergone a very orderly pullback from last Friday's high at $1250.45 to this morning's low at $1206.50 (-3.5%). For a market that needed a correction, the weakness in gold has the right look of a minor pullback within an incomplete upleg off of the Feb low. Add to the gold analysis, the behavior of the Dollar Index (DXY), which has turned up sharply in the last two hours largely in response to reports of German resistance to approval of the $1 trillion loan package for the entirety of the EC (as distinct from the 22 billion EUR package specifically for Greece), and because of reports of an impending ban on German equity naked short sales.
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Tuesday, May 18, 2010
Silver Investors Should Diversify, Too / Commodities / Gold and Silver 2010
Diversification is the most important part to any solid financial plan, and precious metals are no exception. Silver investors should plan to diversify within their silver holdings to protect their wealth and to allow for opportunities to profit in the future.
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Tuesday, May 18, 2010
Gold Continues to Retreat From New All Time High / Commodities / Gold and Silver 2010
THE PRICE OF WHOLESALE gold bullion bars fell further in London dealing on Tuesday, extending the discount to 3.2% from Friday's record high against the Dollar as world stock markets and commodity prices bounced sharply.
The US Dollar eased back, losing 1% from yesterday's four-year high to the Euro.
Tuesday, May 18, 2010
Gold Falls on Profit Taking as Retail Investors Remain Hesitant / Commodities / Gold and Silver 2010
Gold fell for a fourth day in Europe due to profit-taking but is likely to remain supported due to continued concerns about sovereign debt contagion and currency risk. Gold rose to a record intraday nominal high of $1,249 a troy ounce last Friday but has since pared back its gains and is now trading at $1,209.95 an ounce, down 1.3% on the day amid a combination of profit taking and increased risk appetite.
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Monday, May 17, 2010
Gold Price Short-term and Long-term Projections / Commodities / Gold and Silver 2010
When The Gold Report last interviewed Laurentian Securities Analyst Eric Lemieux, he talked about his favorite explorers, especially in the James Bay area, with its exploration plays and favorable geological, geographic and social fundamentals. Eric is back with more on Canada's junior gold sector in this exclusive interview.
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Monday, May 17, 2010
Why More Investors Like Gold / Commodities / Gold and Silver 2010
Gold is charging up to new highs, so it’s no surprise that the level of interest in this financial asset is charging up as well. Last week I did interviews with CNN, CNBC, USA Today and Reuters, and in most cases a specific question came up – “Should people be buying or selling gold right now?”
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Monday, May 17, 2010
Gold "Well Positioned", Hits New Euro Record, as Oil Drops with Asian Stocks / Commodities / Gold and Silver 2010
THE PRICE OF GOLD in London's wholesale market slipped 1.2% from an early gain vs. the Dollar on Monday, touching new record highs for Euro and Sterling investors as Asian stock markets closed the day sharply lower.
European stock markets rallied as the Euro currency bounced from a new 49-month low at $1.2240.
Monday, May 17, 2010
Euro Gold Near €1,000 On Euro Currency Survival Concerns / Commodities / Gold and Silver 2010
Gold has dropped from $1,242/oz to $1,230/oz in Asian and early European trading this morning. Gold closed with a slight loss of 0.11% in dollars on Friday while it was stronger in most other currencies. For the week, gold rose by 1% in dollars and by much more in other currencies and especially in the beleaguered euro.Read full article... Read full article...
Monday, May 17, 2010
Gold New High / Commodities / Gold and Silver 2010
Oh, traders smart put out the buys.
The price of gold is on the rise.
The price of stocks is very grey.
They sell in May and go away.
So gold bugs have a smiley face.
It rises at a rapid pace.
But stock bugs have a face that’s long.
And that’s the message of my song.
Monday, May 17, 2010
Gold, Where Next? / Commodities / Gold and Silver 2010
So far in 2010, all eyes in the gold market have been looking up at $1225 wondering whether gold will get back to that all time high? Now that question has been answered, yet another arises, where next for gold?
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Sunday, May 16, 2010
Gold New All Time High, Bit the Uneasy Feeling is Still There / Commodities / Gold and Silver 2010
A new all time high for gold but the uneasy feeling is still there. The move was on lower strength than the previous move in Nov. Is gold just running out of steam?
GOLD: LONG TERM - So, we’ve made it into new high ground (just barely so) with gold. Is this the start of a new move towards those higher highs everyone is looking for? Just to recollect your memory, a few weeks back my projections for gold were to the $1230 level followed by a move to $1470 and then to the projection almost everyone is making, the $1600 level. All this from the long term P&F chart.
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Friday, May 14, 2010
Silver Seasonal Trend Analysis, Sell in Early May and Lose Average $1 per Ounce Each Year / Commodities / Gold and Silver 2010
We would like to begin this essay by touching on the popular belief that precious metals - and especially silver - tend to drop heavily this time of the year. The saying suggests selling in May and going away - is this really the best way to go? At Sunshine Profits we're rather reluctant to take the common knowledge for granted - we prefer to dig deeper and check ourselves if every fact is really fact, not just an opinion.
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