Category: Gold and Silver 2010
The analysis published under this category are as follows.Sunday, April 18, 2010
Gold, Silver and Crude Oil ETF Trend Trading Forecasts / Commodities / Gold and Silver 2010
Last week was exciting with broad market and gold forming an intraday reversal pattern after a long overbought rally, then broke down though short term key support levels. While this move lower was tough on the pocket book for those who chased the market up the past few days and/or were not moving their protective stops up, this move is good for the health of the market.
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Sunday, April 18, 2010
Gold Technical Pullback, China Demand, Euro PIIGS and Goldman Sachs Paulson Massive Positions / Commodities / Gold and Silver 2010
Gold fell the most in two months as the SEC’s action against Goldman Sachs (GS) spurred investors rushing out of riskier commodities and into perceived safer assets such as the U.S. dollar. Futures for June delivery slid 2% in one day to $1,136.90 an ounce.
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Saturday, April 17, 2010
World Monetary System Collapse And Gold’s Parabolic Rise / Commodities / Gold and Silver 2010
We could be very close to the end of a financial era that started about 1971. The monetary system as we know it today, which is backed by a changing (non stable dollar), appears to be in its final stages and just waiting for a fierce run to gold, silver and certain other non monetary assets, to provide the death blow.
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Saturday, April 17, 2010
Gold Investment Demand Poised to Jump? / Commodities / Gold and Silver 2010
We were right in believing that the € and gold will and are de-coupling. But far more than that is happening in the gold markets of the world. But the process is an ebb and flow process, with this week seeing gold move with the € and last week moving independently of both. What is becoming clearer and clearer to investors is the gold price should not move with the € or with any other currency, as there are few common denominators between gold and currencies. The erosion of confidence in currencies is far more pertinent to the gold price. Along that line of thought a look over the last year and more is relevant to the future of gold.
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Friday, April 16, 2010
Silver Strong Rally Resulting in Silver/Gold Ratio Reversion / Commodities / Gold and Silver 2010
Silver’s recent rallying action is starting to catch traders’ attention. Since the end of its latest correction in early February, this white metal has surged 23% higher. It has well outperformed gold, which only climbed 9% over this same 9-week span. And based on silver’s strong historical relationship with gold, odds are today’s silver rally is only beginning. Silver’s gains should accelerate in the months ahead.
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Friday, April 16, 2010
Rising U.S. Dollar and Declining Gold or Vice-Versa? / Commodities / Gold and Silver 2010
The current situation on the USD Index and gold appears to be in tune with each other even though the statistical numbers don't confirm it, which is a particularly interesting state. Therefore, we decided to provide you with a follow-up regarding our recent gold / usd analysis and let you know what we believe is going to take place in the gold market soon.
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Friday, April 16, 2010
Is Silver Ready to Surge? / Commodities / Gold and Silver 2010
Main Street may know something that Wall Street’s chattering class doesn’t know. Because while Wall Street always seems to give silver short shrift, mom-and-pop investors are buying silver at a furious pace.
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Friday, April 16, 2010
Gold "Consolidates" as Greek Bail-Out Nears / Commodities / Gold and Silver 2010
THE PRICE OF GOLD turned higher from $1152.50 per ounce early in London on Friday, cutting this week's losses to 0.4% for Dollar investors as Asian stock markets closed sharply lower and government bonds rose.
Eurozone finance leaders denied that Greece has formally asked for emergency aid.
Friday, April 16, 2010
Gold Consolidating in USD and Near Record Highs in EUR and GBP / Commodities / Gold and Silver 2010
Gold went as low as $1,150/oz early in New York, it then rose to $1,161/oz before ending with a gain of 0.13%. It has range traded from $1,151/oz to $1,156/oz in Asian and European trading this morning. Gold is currently trading at $1,155/oz and in euro and GBP terms, gold is trading at €853/oz and £748/oz respectively. Gold rallied from below £745 to £749.60 per ounce overnight on UK hung parliament and economic concerns (see gold GBP chart below).
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Thursday, April 15, 2010
Gold Slips But "No Bubble" / Commodities / Gold and Silver 2010
THE PRICE OF GOLD slipped in lock-step with the Euro currency against the Dollar in London trade on Thursday morning, falling together with silver and other commodities despite China reporting its fastest economic growth in more than 3 years.
"More likely consolidation and sideways trading will continue," said one Hong Kong dealer in a note.
Thursday, April 15, 2010
Gold Near Record Sterling Price on UK Hung Parliament and Devaluation Concerns / Commodities / Gold and Silver 2010
Yesterday, gold rose to $1,161/oz early in New York, it then dropped to $1,152/oz before recovering to close with a gain of 0.59%. It has dropped from $1,158/oz to $1,152/oz in Asian and European trading today. Gold is currently trading at $1,152/oz and in euro and GBP terms, gold is trading at €850/oz and £748.50/oz respectively. Gold remains near record nominal highs in sterling terms and sterling is down by more than 10% versus gold year to date (see chart).
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Wednesday, April 14, 2010
Gold Sizzles as Europe Fiddles / Commodities / Gold and Silver 2010
Much to the relief of jittery global markets, Greece's chronic debt problem has been papered over in a burst of European solidarity and apparent magnanimity. But this act of mercy may cost Germany its key position of financial dominance over the European Central Bank (ECB), which, in turn, could be detrimental to the long-term health of the euro. And so even though the euro stiffened once the immediate default fears abated, the price of gold was pushed to a new all-time high in euro terms (and a five-month high in dollar terms). [i]
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Wednesday, April 14, 2010
Gold Inflation Perspective / Commodities / Gold and Silver 2010
David Galland Casey Research writes:
As the price of gold rises and the inevitable quacking begins again about the “barbaric” metal being overvalued, I thought a quick check-in with the historical perspective might prove useful.
The first of two charts that follow shows the long-term picture of gold from 1970 to the present, correctly adjusted for inflation.
Wednesday, April 14, 2010
Case for Gold "Positive" as Fed Promises "Low Rates for Extended Period" / Commodities / Gold and Silver 2010
THE PRICE OF GOLD held onto a volatile 1.3% gain vs. the Dollar on Wednesday, rising to $1160 an ounce after Federal Reserve chairman Ben Bernanke vowed in congressional testimony "that very low, extremely low rates will be needed for an extended period."
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Wednesday, April 14, 2010
Palladium Surges 8% in One Day to Test Long Term Resistance; Gold Short Term Correction? / Commodities / Gold and Silver 2010
Gold fell to as low as $1,145/oz in New York, it then recovered to close with a loss of just 0.86% yesterday. It has risen from $1,153/oz to $1,160/oz in Asian and early European trading this morning. Gold is currently trading at $1,160/oz and in euro and GBP terms, gold is trading at €850/oz and £753/oz respectively.
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Wednesday, April 14, 2010
Gold Bull Market Warming Up, Keep Your Eyes on the Golden Prize / Commodities / Gold and Silver 2010
Gold's bull market is starting to get warmed up again. The gains ahead in Gold are going to be greater than what we have seen since the secular bull market began at the turn of the century. Gold will continue to outperform general stocks, real estate, bonds and most if not all commodities.
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Tuesday, April 13, 2010
Gold and Silver Bull Market Phase 2, The Tipping Point is Upon Us! / Commodities / Gold and Silver 2010
A "tipping point" in sociological theory is defined as "the level at which the momentum for change becomes unstoppable." An idea or a movement has reached "critical mass."
I believe the global economy has reached that point.
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Tuesday, April 13, 2010
Gold Succumbs to Profit Taking After Breaking Above Resistance / Commodities / Gold and Silver 2010
Yesterday, gold jumped to $1,169/oz in Asia before falling in New York, it then recovered to close with a small gain of 0.11%. It range traded from $1,150/oz to $1,157/oz in Asian trading this morning. Gold is currently trading at $1,154/oz and in euro and GBP terms, it is trading at €847/oz and £750/oz respectively.Read full article... Read full article...
Tuesday, April 13, 2010
Gold and Silver Slip as Dollar Benefits from Greek Uncertainty / Commodities / Gold and Silver 2010
THE WHOLESALE PRICE of gold and silver bullion both dropped in London on Tuesday, pulling back 2.0% and 3.5% from Monday's early highs as world stock markets fell with crude oil, and the US Dollar rose.
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Tuesday, April 13, 2010
Marc Faber on Gold, the Coming Big Bust, hyperinflation, and then Collapse / Commodities / Gold and Silver 2010
Marc Faber, the Swiss fund manager and Gloom Boom & Doom editor, warns that when the next crisis hits, 'you'd see people flee from all paper currencies into precious metals'.
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