Category: Gold and Silver 2010
The analysis published under this category are as follows.Monday, April 12, 2010
Gold Price Bubble Theorists Remain Silent as Gold Hits Record Highs in Euros and Pounds / Commodities / Gold and Silver 2010
Last week saw a record high in the gold price in pounds, a record high for the gold price in euros and a four month high in US dollars.
It’s been an extraordinary week for bullion. The gold price rose 2.44 percent against the pound. On Thursday the precious metal rose to an all time record of 757.9 pounds.
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Monday, April 12, 2010
Ride the Gold Bull Market to Glory … / Commodities / Gold and Silver 2010
I’ve got some important ground to cover with you today, so let’s get started.
First, no matter what happens in the world today …
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Monday, April 12, 2010
Gold Jumps to New 2010 High on Greece $55bn Bailout / Commodities / Gold and Silver 2010
THE PRICE OF GOLD for Dollar investors hit its best level since the record spike of 5 months ago on Monday, jumping at the start of Asian trade as the US currency fell hard on the European Union's weekend announcement of a €30 billion loan facility for Greece, with a further €10bn available from the IMF ($55bn all told).
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Monday, April 12, 2010
Gold Rallies to New 2010 High, 27 Year Record High in Yen / Commodities / Gold and Silver 2010
Gold jumped to as high as $1,164.38/oz in New York on Friday, and rose 0.69% on the day and 3% on the week. It rallied sharply on the open in Asia (from $1,159/oz to over $1,169/oz) and has since range traded from $1,162/oz to $1,169/oz in Asian and early European trading this morning. Gold is currently trading at $1,164/oz and in euro and GBP terms, at €855/oz and £754/oz respectively.
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Monday, April 12, 2010
Speculate In Gold / Commodities / Gold and Silver 2010
The explosive move in gold which I have been predicting for some months is now under way. He who hesitates is not lost, but he does make smaller profits. You have undoubtedly heard of the death of a thousand cuts. You now face the death (of your profit) by a thousand decisions to do nothing. But first, let us review the art of speculation.
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Monday, April 12, 2010
Everything Is Backed By “Nothing” Not Just GLD and SLV / Commodities / Gold and Silver 2010
To those who have spent countless hours trying to “crack” mankind's greatest mystery… your reward is honors in the blogosphere and 200 extra subscriptions!For those of who you found that ever elusive “manipulation” proof the world owes you all of its gold for your fine work. Truly, now, the world is a better place and all of our problems have been solved.
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Monday, April 12, 2010
Gold Bull Market Strong Week Takes Out March Resistance High / Commodities / Gold and Silver 2010
Gold had a strong week, adding $34.80, to close at $1161.60 (continuous contract), for a weekly gain of 3%. Gold made a new closing high for the year (2010), and is approximately 4.47% from its Dec. 2009 all-time high.
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Monday, April 12, 2010
Gold Prices Move Higher As The European Union Dithers on Greece Debt Crisis Bailout / Commodities / Gold and Silver 2010
We’ll kick off with a snippet from The Economist in an article they published entitled: ‘The Wax Melts’ dated 8thApril 2010:
GEORGE PAPANDREOU may have spoken too soon. On April 6th, just three days after the Greek prime minister claimed “the worst is over,” the yield on Greek ten-year government bonds leapt from 6.5% to above 7%. Yields remain at alarming levels, rising above 7.5% at one point on April 8th.
Sunday, April 11, 2010
How to be Disciplined Trading Gold with Cycles Analysis / Commodities / Gold and Silver 2010
Trading can be a lot of fun and profitable or a nightmare and very costly. It really just comes down to understanding the key areas, which will make or break your trading.
I have received a few emails asking me to explain more about how I stay disciplined, making sure my emotions don’t get the better of me. Some questions asked are:
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Sunday, April 11, 2010
Gold on a Tear Heading for a Test of All Time High / Commodities / Gold and Silver 2010
It’s been a good week for gold, actually a good two and a half weeks. Gold looks to be on another tear and is heading to test December’s high. I’d give it about two weeks to get into new highs otherwise the trend may stall.
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Sunday, April 11, 2010
The Golden Rule: Safe Strategies of Sage Investors (John Wiley & Sons) / Commodities / Gold and Silver 2010
The Golden Rule: Safe Strategies of Sage Investors aims to become the definitive source for independent investors wanting to know how to effectively invest in gold. The book contains contributions from 24 leading gold experts.Read full article... Read full article...
Friday, April 09, 2010
Gold and The General Stock Market - Rallying or Topping? / Commodities / Gold and Silver 2010
In the March 31st 2010 commentary, we've analyzed the general stock market along with the price of gold, and one of the things that we wrote was that a significant decline is not very likely at this point and the general market could rally further.
This is what we've seen since that time, but stocks have been recently rising on a relatively low volume, so you might wonder if it made us change our mind as far as the situation on the general stock market is concerned, and how it would affect the PM sector.
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Friday, April 09, 2010
Why Are Silver Sales Soaring? / Commodities / Gold and Silver 2010
Jeff Clark, Senior Editor, Casey’s Gold & Resource Report writes: The U.S. Mint just reported another record, but this time it wasn’t for gold. The Mint sold more Silver Eagles in March and in the first quarter of the year than ever before. A total of 9,023,500 American Silver Eagles were purchased in Q110, the highest amount since the coin debuted in 1986.
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Friday, April 09, 2010
Fiat Money Destined to Lose Against Gold / Commodities / Gold and Silver 2010
With Euro-rates stuck near zero, which currency will be next on the right-hand side of XAU...?
FOR THE FIRST five years of its life, the European single currency was as good as gold, at least as far as the gold market was concerned.
Friday, April 09, 2010
Silver's Surges 10% in 2 Weeks - Near Record in Euro Terms / Commodities / Gold and Silver 2010
Gold climbed steadily to as high as $1,153.70/oz in New York before reverting slightly to close unchanged for the day. It has risen from $1,150/oz to $1,158/oz in Asian trading this morning. Gold is currently trading at $1,157/oz and in Euro and GBP terms, gold is trading at €864/oz and £753/oz respectively. Gold and silver have given up some of their earlier gains as the dollar rose and then fell today.
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Friday, April 09, 2010
New Chinese Gold Market / Commodities / Gold and Silver 2010
We were going to post a piece on the dramatically changing COMEX gold market, which will affect the gold price, but decided this piece was more pertinent to the gold price itself. To read about the changes on COMEX you can subscribe at the address above.
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Friday, April 09, 2010
Gold Breaks Higher Targets $1240 / Commodities / Gold and Silver 2010
THE PRICE OF GOLD for Dollar investors touched its highest level in 3 weeks at $1158 an ounce early in London on Friday, rising together with stocks and commodities and setting its fifth record high vs. the Euro in five days.
"Gold looks like a buy given that it has broken through the $1150 topside resistance level," says one bullion-bank's technical analysis, "with $1161 the next major hurdle."
Friday, April 09, 2010
Gold Bull Market is Back in Play / Commodities / Gold and Silver 2010
The Macro Trader’s view:
Our views on Gold have been well aired over the months, if not years. We are long-term bulls. But the market has suffered several steep and often protracted corrections that have on occasion endured for months.
We judge the market is currently in such a phase, but shows signs that it is now coming to an end. Naturally we expect price action to resolve into a fresh leg of the long Bull Run. But what have been the dynamics behind the market over recent months and why now is it beginning to retest the upside?
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Thursday, April 08, 2010
Gold Strong on Global Fiat Currency Crisis Risk / Commodities / Gold and Silver 2010
Gold climbed steadily to as high as $1,153/oz in New York before reverting slightly to close with a gain of 1.56%. It has since range traded from $1,144/oz to $1,147/oz in Asian trading this morning. Gold is currently trading at $1,145/oz and in euro and GBP terms, gold is trading at €861/oz and £755/oz respectively.
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Thursday, April 08, 2010
Gold Hits Fresh Euro High as Banking Run Hits Greece / Commodities / Gold and Silver 2010
THE PRICE OF GOLD ticked back from a 12-week high for Dollar investors early Thursday, recording the best London Gold Fix since Jan.12th as the US currency rose against the Euro and global stock markets fell.
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