Category: Gold and Silver 2010
The analysis published under this category are as follows.Tuesday, November 02, 2010
The Best Way to Invest in the Long-Term Gold Bull Market / Commodities / Gold and Silver 2010
The gold price recently made a new high amid widespread concern over weakness in the U.S. dollar. The gold rally has been driven by strong global demand among investors seeking a safe haven. Demand has been driven mainly by uncertainty over the economic outlook, as investors continue to recover from the fallout of the financial crisis two years ago.
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Monday, November 01, 2010
Gold Slips as Silver and Oil Rise with Stocks, Greece Wants Debt to be Restructured / Commodities / Gold and Silver 2010
THE PRICE OF GOLD gave back an overnight rise to 8-session highs at $1365 per ounce in London trade on Monday morning, falling back as US stock markets opened strongly higher following better-than-expected manufacturing data.
Crude oil prices jumped almost 2.5%, and silver prices touched new three-decade highs above $25 an ounce.
Monday, November 01, 2010
Inflated Gold or Inflation? / Commodities / Gold and Silver 2010
The price of gold has moved back to $1360 gaining nearly $40 the last two trading days. The intraday high was $1388 just two weeks ago. The pullback to $1320 invited those who think gold prices are inflated to pontificate about the metal correcting. There have been some analysts who believe gold will drop to $1000 before year end. Of course on the other side there are those who see gold at $2000 before year end. Since testing support near the $1150 level in July, gold moved up more than 20% before this recent pullback, which has been the rationale for gold prices being inflated.
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Monday, November 01, 2010
China's Diversification Plans and QE2 See Gold Remain Robust / Commodities / Gold and Silver 2010
Gold and silver rose in all currencies as markets opened in Asia, prior to giving up those early gains. However, in trading in London this morning both precious metals have risen and are higher as the dollar has come under pressure again. Equity markets are mixed in Europe despite most Asian markets closing positively - except for the Nikkei which fell 0.52%.
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Monday, November 01, 2010
David Morgan Explains Why Silver Has Broken Out and Catching Up and Where It Goes Next / Commodities / Gold and Silver 2010
Daily Bell: David, welcome back and thank you for sitting down with us today. Remind us about the difference between silver and gold both as precious metals and money metals.
David Morgan: "The major monetary metal in history is silver, not gold." – Nobel Laureate Milton Friedman in an interview with James Blanchard at the New Orleans Investment Conference. November 7, 1993. The above quote is fact of monetary history but few in the West study or know silver's history. Yes, gold is money but silver has been used as money more often, in more places, by more people than gold ever has.
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Monday, November 01, 2010
Gold, Oil, SPX Trading Around the U.S. Mid-term Election / Commodities / Gold and Silver 2010
This week we have a major wild card (Election) happening on Tuesday. Most of you know I don’t get involved with political discussion for several reasons... one of them being that I am Canadian “an outsider” looking in.
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Sunday, October 31, 2010
Silver Breakout to New Highs or Trading Range? / Commodities / Gold and Silver 2010
We saw a strong rally by silver on Friday that took it to a new closing high, although it did not get above earlier intraday highs. As we can see on our 6-month chart silver did just manage to stay above its uptrend line on the recent reaction, which gives it a chance short-term to break out to new highs, although given the outlook for gold it looks more likely that it will back and fill for a while between the lows of about a week ago and its recent new highs. The development of such a trading range would involve failure of the uptrend shown, which should not lead to the price dropping below the low of about a week ago, although there would be some chance of the price later dropping back towards the rising 50-day moving average.
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Sunday, October 31, 2010
Gold and Silver Correct From Extremely Overbought Levels, But Too Early for a New Upleg / Commodities / Gold and Silver 2010
Gold and silver at last staged the expected correction necessary to unwind the extremely overbought condition that had persisted for weeks. Once the correction started we had figured it would take gold down to about $1300, probably with a 3-wave movement, and although it did drop to about $1316 at its lowest point intraday, the bullish action late last week makes a return to the $1300 area much less likely.
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Sunday, October 31, 2010
Cash Sitting on the Sideline Will Find Its Way to Gold / Commodities / Gold and Silver 2010
Robert Parker is a well known investment expert, Senior Advisor at Credit Suisse and a frequent television commentator. So when we had a chance to hear him give a presentation to an exclusive group of the bank’s heavy weight clients in an invitation-only event, we were interested to hear what he had to say. Or more to the point, we wanted to know what the bank’s wealthiest clients are hearing.
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Sunday, October 31, 2010
Gold Divorces from the U.S. Dollar / Commodities / Gold and Silver 2010
Nobody knows nothing. The data, cooked and contrived as it is, gives no definitive answer. The bulls think the economy is mending but ever so slowly. The bears think the economy is taking on water and bound to sink like the Titanic. Investors are clueless and there is an election a few days away. Bernanke described the current conditions very well with his ‘unusual uncertainty’ reference a few months ago. We are all guessing. Which way is Bernanke guessing?
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Saturday, October 30, 2010
The Fed's Secret Gold Swap Arrangements / Commodities / Gold and Silver 2010
Chris Powell writes: The precious metals markets have tremendous potential for investors. But they are also wrapped up in great mystery – deliberately so.
Gold is the worst understood financial market. Most official data about gold is actually disinformation.
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Saturday, October 30, 2010
Gold and Silver Update, Is US Debt a Recipe for Economic Disaster? / Commodities / Gold and Silver 2010
The United States has dug the biggest economic hole in human history. It has become so severe that if you listen carefully, you’ll hear the Chinese – the biggest holders of American debt, wondering if they’ll ever get their money back. The foundation of the US dollar is already under threat. If it does collapse, it will take down other economies and currencies down with it.
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Saturday, October 30, 2010
Gold Price Add 12 Zeroes / Commodities / Gold and Silver 2010
Where Volcker wrung inflation out of the system, Bernanke is wringing cash-savers' necks...
AS WE NEVER TIRE of boring anyone who'll listen, it's not inflation alone that makes gold prices rise. If it were, the last decade's four-fold rise would be missing, and gold wouldn't have dropped by three-quarters during the 1980s and '90s.
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Friday, October 29, 2010
Gold Bull Market Virtuous Cycle, Investor Essential Preparation for 2011 / Stock-Markets / Gold and Silver 2010
"Fundamental and technical factors for gold are now in total harmony and gold is entering a virtuous circle that will drive the price up at its fastest pace since this bull market started in 1999.
It is a fact that gold in US dollars (and many other currencies) has gone up 400% in eleven years or 16% per annum annualized.
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Friday, October 29, 2010
Gold and the Horrible Implications of QE, November 3rd Judgement Day for Keynesian Economics / Commodities / Gold and Silver 2010
Some market participants may be treating 3 November, next Wednesday, as if it will just be another day. However, that day will reveal the results of the U.S. election, and may be the first day of a new era. For the first time in 78 years U.S. voters may, one, declare Keynesian economics a complete and utter failure, and, two, repudiate further mismanagement of the U.S. economy by Keynesian ideologues. Should that happen, some cause for celebration may be in order.
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Friday, October 29, 2010
Gold Mining Stocks Mergers and Aquisitions / Commodities / Gold and Silver 2010
If you are at all attuned to the gold-stock sector, you’ve likely noticed a pickup in activity on the deal-making front this year. And indeed the gold miners are doing some moving and shaking. In fact, this industry is undergoing a consolidation unlike anything we’ve seen in this entire bull market. And for a variety of reasons, this may only be just the beginning.
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Friday, October 29, 2010
Fraudulent Silver Price Manipulation / Commodities / Gold and Silver 2010
Since we received reports from the CFTC that market players have made "repeated" and "fraudulent efforts to persuade and deviously control" silver prices, we have heard that HSBC Holdings Plc and JPMorgan Chase & Co. are facing an investor's lawsuit of placing "spoof" trading orders to manipulate silver futures and options prices in violation of U.S. antitrust law. The investor, Peter Laskaris, alleges that starting in March 2008, the banks colluded to suppress silver futures so that call options, or the right to buy, would decline, and put options for the right to sell would increase, according to the complaint filed yesterday in federal court in Manhattan. The collusion was also intended to maintain prices at levels at which some options would expire as worthless.
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Friday, October 29, 2010
Gold and Silver Jump as GDP Data Reveal US Inflation Rise, Economists Urge QE / Commodities / Gold and Silver 2010
THE PRICE OF GOLD rose sharply at the start of New York trade on Friday, jumping 1.2% from an earlier low in London to hit $1352 per ounce – some 1.8% higher from last week's finish – as new data showed weaker-than-expected US economic growth, with much stronger-than-forecast price inflation.
World stock markets had already sagged before the Commerce Dept. said GDP expanded by 2.0% annually between July and Sept.
Friday, October 29, 2010
Gold Consolidates in October as QE2 and US Elections Loom / Commodities / Gold and Silver 2010
Gold is marginally lower in dollar terms and in most currencies except for the euro this morning as there are renewed budget and sovereign debt concerns in the eurozone. Peripheral sovereign bonds have fallen sharply in value (see below) - although losses were limited by rumours that the European Central Bank may have resumed bond purchases. This is leading to weakness in the euro and gold rising in euro terms as traders question whether the period ofrecent euro strength was overdone.
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Thursday, October 28, 2010
U.S. Dollar Chart Suggests Caution for Gold Bulls / Commodities / Gold and Silver 2010
Spot gold prices have been in a corrective mode since mid-October and have given up a modest 5.5% from the $1387.65 high. More importantly, however, is that the price structure is probing important July-Oct support in the $1316-$1314 area, which must be contained to avert additional weakness into the area of the rising 50 DMA, now at $1295.
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