Category: Gold and Silver 2010
The analysis published under this category are as follows.Monday, October 18, 2010
Gold Still Under Owned / Commodities / Gold and Silver 2010
The debate is on. People are saying even if there is not deflation, at the same time there is no inflation, which is of course wrong. In the first place, inflation, which is defined as an increase in money supply (not prices), although growth rates are not hyperinflationary, still, they are rising. So, on the most basic level the premise these people are operating under is completely false. Prices are rising in under-owned asset groups (think precious metals and commodities) due to money supply growth, and falling in over-owned asset groups (think real estate and stocks), but all this has nothing to do with the inflation, which is a product of wrongheaded and unscrupulous government in that it’s indirect wealth confiscation.
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Monday, October 18, 2010
Gold Slips as Dollar Rallies, Correlation with Euro Holds at Record Level / Commodities / Gold and Silver 2010
THE PRICE OF PHYSICAL gold fell in Asian and early London trade on Monday, dropping to a 3-session low of $1354 an ounce as the US Dollar rallied and Asian stock markets ended the day lower.
Only New Zealand and Bombay equities avoided a drop in Asia-Pacific trade, while US crude oil contracts slid to a 1-week low of $80.35 per barrel.
Monday, October 18, 2010
Silver Is On The Move / Commodities / Gold and Silver 2010
The events of the past few months have been dominated by the decision of the Federal Reserve to undertake a further, massive easing. Since the emphasis will not be on lowering interest rates (because they are effectively zero), it is being called a quantitative easing (an easing by virtue of the quantity of reserves which the Fed pumps into the banking system) and has acquired the name QE2 (quantitative easing 2). Immediately, gold and silver broke into new all-time highs, the dollar collapsed against most foreign currencies, and many individual commodities started to race to the moon (which Ben Bernanke describes as a threat of deflation).
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Monday, October 18, 2010
Never Mind What The Fed Thinks, The Markets Have Decided QE2 is Coming / Commodities / Gold and Silver 2010
Gold prices embarked on a massive rally recently, rising from around $1210 to $1380 in just two months. Simultaneously the US index, which has a traditional inverse relationship with gold, has fallen from 83.5 to 76.5 as America puts a nose ahead in the current currency devaluation wars. The fundamental factor that is driving both gold and equities higher, and the USD lower is the expectation of a second dose of quantitative easing (dubbed QE2) by the US Federal Reserve.
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Sunday, October 17, 2010
Gold Enough Vigor to Delay the Inevitable? / Commodities / Gold and Silver 2010
The Mid term elections are upon us and we thought to consider what impact, if any, they may have on the stock market and precious metals.
Whether you call it a recession, or depression, or deflation, or recovery, for tens of millions of Americans there’s little difference. Americans point to the troubled economy as their most burning issue this year when deciding how to vote for 435 House seats and 37 out of 100 Senate seats, according to a nationwide CNN poll.
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Sunday, October 17, 2010
Gold Price About to Plunge? / Commodities / Gold and Silver 2010
Short term indicators are suggesting weakness in this latest move by gold into new highs. Are they telling us that a plunge is ahead?
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Saturday, October 16, 2010
Silver Major Price Breakout and Manipulation Timeline / Commodities / Gold and Silver 2010
During the spring and summer of 2010, the price of silver was caught in a trading range of $17.00-19.50. But that all changed at the beginning of September. From a rally low of $17.50 last summer, the price has exploded to the $25 dollar area in barely two months. What happened?
From a fundamental perspective the Perma bulls in silver have forever been describing the supply situation as one that cannot sustain demand and that a powerful rally to unprecedented heights would take place. To their credit and patience, the move may have finally started a few months ago.
Friday, October 15, 2010
Will the Gold, Silver, Oil and other markets tolerate a Euro $1.50 - $1.70 Dollar? / Commodities / Gold and Silver 2010
Fed Chairman Ben Bernanke said he thought the current high unemployment and low inflation environment would linger into 2011 and as a result there is a "case for further action" on the monetary policy front. Mr. Bernanke said the Fed might expand its holdings of longer-term securities. He also said that the Fed has little experience in judging the economic effects of more asset purchases. This tells us that we are stepping off into new territory. The same will be true of the rest of the world.
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Friday, October 15, 2010
Gold Junior Miners GDXJ ETF Analysis / Commodities / Gold and Silver 2010
Gold’s relentless climb to new record highs is driving a renaissance of investor interest in junior gold stocks. This fascinating subsector amplifies investing’s usual risk-reward equation to breathtaking extremes. While the great majority of junior golds will end up worthless, the few that strike it big enjoy some of the largest gains ever seen in the financial markets. We’re talking 100x+ returns!
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Friday, October 15, 2010
Gold and Silver Spike on Bernanke Speech / Commodities / Gold and Silver 2010
THE PRICE OF BOTH gold and silver bullion spiked sharply at the start of New York dealing on Friday, briefly nearing yesterday's record levels as Federal Reserve chairman Ben Bernanke spoke on monetary policy, and the US Dollar sank.
Failing to detail the size of quantitative easing now due – and admitting that policy-makers lack "experience" of its economic effects – Bernanke confirmed that the Fed is "prepared to provide additional accommodation if needed to support the economic recovery," in a speech on Boston.
Friday, October 15, 2010
Fort Knox Gold and What Your Should Do / Commodities / Gold and Silver 2010
But Ron Holland fears it’s not just the beer talking about Fort Knox.
Gold reached a record high of $1,376 per ounce this Thursday morning but I’m writing about Fort Knox because of an unexpected conversation I had yesterday with a distant friend. We have known each other for 35 years but have only seen each other once over the last two decades due to busy schedules and distance. He had a long distinguished career in the gold business before retirement and is now battling a terminal cancer which can be treated but not cured.
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Thursday, October 14, 2010
Aggressive Gold Investors Target $1400, and Silver $25 / Commodities / Gold and Silver 2010
THE WHOLESALE PRICE of gold and silver bullion retreated from fresh record highs against the Dollar early Thursday afternoon in London, slipping back from overnight jumps of 1.3% and 4.5% respectively as the US currency's latest plunge paused.
European stock markets reversed early gains, but Asian stocks ended the day more than 1.5% higher on the MSCI index, as the Japanese Yen squashed the Dollar to a new 15-year low beneath ¥81 and the Euro leapt above $1.41.
Thursday, October 14, 2010
U.S. Mint 5oz Silver Bullion Coins Nearing the Market / Commodities / Gold and Silver 2010
The U.S. Mint should soon release a new five ounce silver bullion coin that it first suggested would be launched “later in 2010.” The coins will be .999 pure and utilize the same design as the mint's “America the Beautiful” quarters, which were first coined at the beginning of the second quarter 2010.
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Thursday, October 14, 2010
Gold Reaches New Record Highs and Silver Reaches Record 30 Year Highs on U.S. Dollar Weakness / Commodities / Gold and Silver 2010
Gold rose to new record nominal highs and silver to 30 year nominal highs again this morning as the dollar weakened and there were renewed concerns that large banks may have to raise more capital. Gold's rise is not solely a dollar story with gold rising to near record nominal highs even in the safe haven currencies of the yen and Swiss franc. Gold rose to 112,537 yen an ounce in trading in London this morning, the highest price since June 28.
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Thursday, October 14, 2010
Gold, Euro Continue Gains on Weak U.S. Dollar / Commodities / Gold and Silver 2010
Despite some positive earnings reports, investors remain concerned about recovery prospects in the US. Analysts are also mixed about the long-term effects of the Fed buying Treasuries to help spark the economy.
Gold has not looked back since clearing $1,300 and has a Wednesday (October 13) morning spot rate of $1,358. Gold remains the investment of choice for safe money speculators who seem to have bought into the prospects of gold moving toward $2,000 in the near future.
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Thursday, October 14, 2010
Gold Investors Warning, Despite Record Prices Your Holdings May be Worth Less Than You Think / Commodities / Gold and Silver 2010
Keith Fitz-Gerald writes: Record gold prices are becoming an almost-daily headline, with the "yellow metal" making a run at $1,400 an ounce. And while this is great for the investors who are along for the ride, there is an important caveat - your gold may not be worth as much as you think it is.
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Thursday, October 14, 2010
Nothing Like Uncertainty to Boost Gold Prices / Commodities / Gold and Silver 2010
A snap shot of the year as captured by the above chart, shows that we have in first place silver, followed by gold, which is closely followed by the gold producers and in fourth spot, heading the wrong way, the US Dollar. Despite the stated strong dollar policy, the reality is that the United States Dollar is in free fall.
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Thursday, October 14, 2010
The Gold Contrarian Call / Commodities / Gold and Silver 2010
Numerous recent busts (technology, banks, internet, oil, stocks, etc) have given rise to the principle of contrarian investing. Contrarians seek to buy when sentiment is bearish or when a market is completely ignored. They seek to sell when a market is overpriced or overvalued. The problem nowadays is that everyone has bubble fatigue. The herd seems to think that whatever rises is a bubble and will automatically go bust.
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Thursday, October 14, 2010
Casey Gold Summit Offers Investment Nuggets / Commodities / Gold and Silver 2010
Carlsbad is several hundred miles south of Sutter's Mill, but the experts and investors who gathered for Casey Research's recent Gold Summit were just as enthusiastic about the precious metal as the prospectors who headed into the hills back in 1849. The Gold Report took the opportunity to speak with some of the many experts on hand. For three days, the leading experts in the resource investment sector gathered with investors to discuss the investment strategies. Doug Casey, Richard Russell, Ross Beaty, Eric Sprott, Ian McAvity, Rick Rule, Robert Prechter and Bob Quartermain all gave their varied impressions on the market and their investment ideas.Read full article... Read full article...
Thursday, October 14, 2010
Take Away the Financial Crisis Mentality and Gold Looks Precarious / Commodities / Gold and Silver 2010
When Tony Parry, a senior analyst with Sydney, Australia–based Resource Capital Research, builds his long-term models for Australian junior gold companies, he's using a long term gold price of $900 per ounce. Tony thinks gold's fundamentals are weak and that fear is artificially propping up the price. In this exclusive interview with The Gold Report, Tony makes the case for a lower gold price and tells us about some small gold companies Down Under with exceptional prospects for growth even at $900 gold.
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