Category: Gold and Silver 2010
The analysis published under this category are as follows.Wednesday, May 12, 2010
EuroZone Selling Gold to Save the Euro / Commodities / Gold and Silver 2010
Is the Eurozone one final U-turn away from a 20-fold rise in gold prices...?
HAPPY SELLERS a decade ago when gold hit rock-bottom, might the Eurozone states now sell gold at all-time highs to help settle government debt today?
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Wednesday, May 12, 2010
Europe Bailout The Worst $1 Trillion Ever Spent, Sends Gold to New Highs / Commodities / Gold and Silver 2010
Dr. Steve Sjuggerud writes:
Just under $1 trillion...
That's what the European Union promised in an emergency rescue package to stabilize the euro currency and Europe's financial woes.
Wednesday, May 12, 2010
Gold and Silver The Only Game in Town 2010-2011 / Commodities / Gold and Silver 2010
There are numerous reasons both fundamental and technical as to why the precious metals complex will surge over the next 18 months. The sector’s surge will be reinforced by the lack of an obvious trend in most other markets. Gold, Silver and the mining stocks will surge while other markets languish.
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Wednesday, May 12, 2010
Gold's New Record Highs Tell of Inflation Threat from Sovereign Debt Crisis / Commodities / Gold and Silver 2010
THE PRICE OF PHYSICAL GOLD in London's wholesale market jumped to new all-time highs against all-but-three of the world's major currencies on Wednesday morning, breaking US$1245 an ounce by lunchtime.
German and US government bonds slipped as world stock markets rallied together with crude oil and base metals.
Wednesday, May 12, 2010
Gold Bullish Breakout to New Highs, Miners Exhibiting Massive Accumulation / Commodities / Gold and Silver 2010
Gold’s break out to new highs has very bullish connotations going forward. It puts the odds squarely in favor of a C-wave continuation.
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Wednesday, May 12, 2010
Gold New Record High; Silver Surges 4% and Breaks Above Long Term Resistance / Commodities / Gold and Silver 2010
Gold has rallied to a new record high ($1,244.80/oz) on continuing concerns about sovereign debt contagion and the risk posed to the single currency. Gold rose to $1,224/oz early in New York yesterday, it then fell off slightly before closing with a new record closing high and a gain of 1.61%. It has range traded from $1,228/oz to $1,234/oz in Asian and early European trading this morning prior to rising to new record highs in dollars, Swiss francs, pounds and euros. Gold is currently trading at $1,231/oz and in euro and GBP terms, at €968/oz and £820/oz respectively.Read full article... Read full article...
Wednesday, May 12, 2010
Who Did the I.M.F. Sell 24.4 Tonnes of Gold To? / Commodities / Gold and Silver 2010
The impact of the I.M.F. sales of gold on the gold price itself will not be given here, but is given in the Gold Forecaster newsletter, issued weekly.
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Wednesday, May 12, 2010
Gold, Silver and Stocks Pricing Trend Indicates Change in Investor Sentiment / Commodities / Gold and Silver 2010
Anyone paying attention to the stock markets and the precious metals markets will tell you that the correlation that we've grown accustomed to has flip-flopped. Previously, precious metals and the stock markets traded in unison; a 2% up day for the stock markets meant 2% up in gold and silver. A drop in the stock markets meant a drop in the metals markets. However, this is no longer true, as precious metals have broken free!
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Tuesday, May 11, 2010
Gold Hits New USD High as Europe's "Bail-Out Bounce" Fails / Commodities / Gold and Silver 2010
THE PRICE OF GOLD hit a new record high against the US Dollar at Tuesday's PM Fix in London, surging more than 3% from yesterday's low as world stock markets fell once again with commodities.
The Euro dropped 4¢ from yesterday's "bail-out bounce", giving back most of Monday's gain to trade below $1.27.
Tuesday, May 11, 2010
Gold Miners GDX ETF on the Move / Commodities / Gold and Silver 2010
The Market Vectors Gold Miners ETF (NYSE: GDX) emerged from a 5-month accumulation pattern today, as it gapped-up above 51.10/20, and has continued to an intraday high at 52.75 so far. Let's notice, however, that the 5 month accumulation pattern fits into a much larger potential accumulation pattern that spans back to March 2008.
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Tuesday, May 11, 2010
Gold And Silver’s Big Move And The Very Special Circumstances That Causes It / Commodities / Gold and Silver 2010
From October 2008 to date the gold price has performed rather well. It is up 77.6% from the intraday low of $682 on 24 October 2008. It is of course not the only good up since then; in fact most goods are quite well up in nominal dollar terms.If a good is up in price 77% in a period of about 1.5 years it would probably be reasonable to expect at least a slowdown in the pace of price growth or even a gradual decrease. Unless, there are very special circumstances present, such as one could probably have in a case of hyperinflation or say an extreme sudden shortage of that good which cannot be immediately replenished etc. one would certainly not expect it to accelerate further at an even faster rate as before. Read full article... Read full article...
Tuesday, May 11, 2010
How to Make Money Trading the Gold Market / Commodities / Gold and Silver 2010
Perhaps no other market in the world elicits such emotion and passion than the world's gold market. One only has to mention gold, and theories just come out of the woodwork in regards to conspiracy, market manipulation, and a host of other less than savory subjects.
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Tuesday, May 11, 2010
Gold Tests Record Highs as Euphoria on Short Covering Rally Fades / Commodities / Gold and Silver 2010
Gold has recovered from the slight sell off seen yesterday and stayed above $1,200/oz in Asian trading before rallying in early European trading. The initial euphoria that saw stocks and the euro surge yesterday has quickly dissipated with the euro giving up most of yesterday's gains and stocks coming under pressure this morning.Read full article... Read full article...
Tuesday, May 11, 2010
Gold And The Myth Of Free Markets / Commodities / Gold and Silver 2010
Some conspire to take power; others conspire to keep it
What we don’t know explains what we don’t understand. This is why the work of the Gold Anti-Trust Action committee, GATA, is to be admired. Much of the exposure of the US government’s hidden hand in the manipulation of the gold markets is due to GATA’s work. What most still do not understand is the extent of that hidden hand and its effect on America, a nation many believe to be free.
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Monday, May 10, 2010
Increasing Sovereign Bailouts and Worsening Economy Boost Gold and Silver / Commodities / Gold and Silver 2010
More than the perception increasing sovereign bailouts in a worsening economy around the world will bolster precious metals moving forward, countries that are still paying their bills will need to have greater percentages of gold in reserve in order to maintain any semblance of currency stability in what might escalate into quasi-hyperinflation despite what faulty money supply measures will have the consensus believe. This is why gold is rising in the collective faces of the deflationists, and why it will continue to confound such views. It’s because the gold is gone and in short supply in a world that will need it to facilitate currency stability and trade increasingly; this, as confidence in governments and bureaucracies around the world are called into question.
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Monday, May 10, 2010
Gold "Calms" as Stocks, Euro Leap on Brussels' €750bn "Shock & Awe" / Commodities / Gold and Silver 2010
THE PRICE OF GOLD fell hard from last week's record-high finish on Monday morning, losing 2% vs. the Dollar as commodities and global equities jumped on news of the European Union's new €750 billion "Stabilization Mechanism" plan.
The Euro currency leapt 2.6% during Asian trade, rising back above $1.30 – a level first broken in late 2004 – for the first time in five sessions.
Monday, May 10, 2010
The Gold Bull Market Ratio, Paperbugs Don't Understand How Far We Have to Go / Commodities / Gold and Silver 2010
The value of common stocks relative to Gold is about to accelerate in the opposite direction the Larry Kudlow and Jimmy Jack Cramer crowd are expecting. The concept of relative wealth is an important one for Gold bulls to comprehend and embrace, as it allows them to calculate gains in something besides unstable paper debt-backed fiat currency, which is a worthless measure of value. In other words, it negates the need to worry about the inflation-deflation debate.
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Sunday, May 09, 2010
Optimizing Your Gold Investment Vehicle / Commodities / Gold and Silver 2010
Sam Kirtley writes: There are many different investment vehicles one can use to invest in gold. The key aspects that we as investors and traders look for are the vehicles relationship and correlation with gold prices, and how much that correlation is or isn’t leveraged to the gold price. More leverage is not always the objective of an investor, one may be looking for less sensitivity to the gold price, or simply to match gold’s performance.Read full article... Read full article...
Sunday, May 09, 2010
Silver Continues to Underperform, Failing to Clear Strong Resistance / Stock-Markets / Gold and Silver 2010
You have to feel a little sorry for silver. It has been suffering from an identity crisis - it can't make up its mind whether it's an industrial metal or a Precious Metal. You could see this on Thursday when as gold surged and the stockmarket tanked, it hardly moved. It was like a bewildered child at a country crossroads not knowing whether to follow its big brother gold and take the high road, or to follow the man with the candy and take the low road.
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Sunday, May 09, 2010
Gold Targets New All Time High Whilst Gold Stocks Avoid Market Crash / Commodities / Gold and Silver 2010
Gold ended last week very close to new highs against the dollar, which was a remarkable achievement given that the dollar soared and that the stockmarket fell heavily. The NYSE tried to explain away the near 1000 point drop in the DJIA intraday on Thursday as being due to some sort of technical glitch, but the more plausible explanation for us is that it was occasioned by temporary blind panic, which should it recur would have rather unfortunate consequences, to put it mildly. The implications of this formidable strength in gold are immense, for what this means is that it has arrived at the point where it no longer matters much what the dollar and stockmarkets do - it's going up anyway. The reason for this is that we are now advancing rapidly into the endgame of the global fiat experiment, which is concluding as it inevitably must with mess and mayhem.
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