Category: Gold and Silver 2010
The analysis published under this category are as follows.Friday, September 03, 2010
Gold Prices to Challenge All Time High / Commodities / Gold and Silver 2010
So much for a lackluster summer and the summer doldrums as gold prices increase by around $100/oz in August 2010, to close at $1251.20/oz . As the chart shows August has been a great month for gold prices setting the stage for a ‘Fall’ rally which we expect to be dramatically to the upside. The technical indicators are now in the overbought zone and we would normally expect gold to take a breather, however, these indicators have been known to stay high for prolonged periods of time.
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Thursday, September 02, 2010
Powerful Silver SLV ETF Uptrend / Commodities / Gold and Silver 2010
The iShares Silver Trust ETF (NYSE: SLV) acts very powerfully as the price structure continues to stair-step higher within a well-defined trend channel in the aftermath of the completion of the May-Aug. bullish coil pattern. The optimal target zone for the completion of the current upleg is 19.90-20.00.
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Thursday, September 02, 2010
Silver About To Break Out Big! / Commodities / Gold and Silver 2010
(Excerpted from August 31st forecast to our Paying subscribers, who were alerted at $18.73 per ounce, now $19.50)
Silver is one asset class I do not cover very often, but have been largely bullish on since $6 an ounce many years ago. It can be considered “poor man’s Gold” as they say. I believe Silver is about to stage a pretty large advance based loosely on the Elliott Wave pattern I see unfolding after a 9 odd month consolidation. (Obviously, there are also fundamental fiat currency/debt events worldwide that give it the underlying bull chart pattern).
Thursday, September 02, 2010
Gold Ignored and Still Dismissed by U.S. Media / Commodities / Gold and Silver 2010
THE PRICE OF GOLD rose back above $1250 an ounce for the second time this week – and the sixth time since May – on Thursday morning in London, as government bonds ticked lower together with energy prices.
Soft commodities rose, as did base metals and platinum. Silver prices touched a new 16-week high at $19.57 an ounce.
Thursday, September 02, 2010
Gold and Silver Challenge Resistance Levels as Physical Market Remains Tight / Commodities / Gold and Silver 2010
Risk appetite increased yesterday as the first day of the new month saw equity buyers return and bond prices fall. Gold and silver prices fell marginally but remained near multi week highs and in gold's case very near the all time record high (nominally). European equity markets are a bit more tentative this morning and the pound and the dollar have come under selling pressure.
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Thursday, September 02, 2010
Hedge Your Bets in Small and Micro-Cap Gold and Silver Stocks / Commodities / Gold and Silver 2010
Everyday New York-based investment gurus Jeff Mosseri and Doug Loud make key decisions for their high net-worth clients. Many of those decisions involve strategically positioning investors in small- and micro-cap gold and silver plays. In this exclusive interview with The Gold Report, you will learn some of the names of those plays and how they use Mosseri and Loud as hedges against a failing economy.
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Wednesday, September 01, 2010
Gold Imminent Breakout and Investment In Failure / Commodities / Gold and Silver 2010
Many observers to the wild gyrations, deep contortions, extreme measures, and other bizarre activity in the government and banking arenas are suffering from severe confusion. The public is alarmed, even frightened, by the sequence of events, without much benefit of comprehension of what is happening or which clans are in control. The degree of deception hit a peak during the TARP Fund creation and disbursement, done behind private closed doors for the replenishment of sacred preferred stock, that bridge between corporate bonds and stock equity. The deception hit a very high pitch with the financial titan failures, the entire string of them. It has never stopped since.
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Wednesday, September 01, 2010
Gold Sets New Monthly Record High in August / Commodities / Gold and Silver 2010
After yesterday's 1% rise, gold traded sideways in Asia but has risen again in early European trading as the dollar has fallen and oil risen after yesterday's sharp falls. Gold has risen in dollars, pounds , yen and Swiss francs which are all weaker today but is slightly weaker against the euro and commodity currencies. Gold was up 5.6% in August thereby regaining the 5% losses seen in July.
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Wednesday, September 01, 2010
How to Buy Silver, Special Report / Commodities / Gold and Silver 2010
Peter Krauth writes: As precious metals go, silver may not have quite the same mystique as gold.
But let's be honest: The "white metal" has its backers, too.
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Wednesday, September 01, 2010
Why the Bank of Japan's Economic Stimulus is Good For the Gold Price / Commodities / Gold and Silver 2010
The issue this week was the meeting of the Bank of Japan where they debated what to do about a Yen strong enough to damage Japanese exports, the mainstay of the Japanese economy. It was agreed that Japan will spend 920 billion yen [$10.8 billion] on economic stimulus and compile an extra budget if needed.
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Tuesday, August 31, 2010
Gold Thrusts Higher / Commodities / Gold and Silver 2010
Not sure what specifically triggered the pre-market thrust in gold and in the SPDR Gold Shares (NYSE: GLD), but there are probably 10 fundamental reasons we can come up with, aside from the resumption of the "flight-to-safety" excuse.
Right now, every time I think about the reason for a powerful new upleg in gold prices, my mind gravitates to the following thought -- that questions about the efficacy of the most powerful governmental institutions on the planet (the Fed and the BOJ) might slowly but surely be eating away at investor confidence that current eco-financial problems can be appropriately dealt with, and remedied.
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Tuesday, August 31, 2010
Addendum to the 'Flations - Gold $5,000 / Commodities / Gold and Silver 2010
Federal Reserve Chairman Ben S. Bernanke delivered a much-anticipated speech on Friday, August 27, 2010. There was no reason to think this talk would be more or less important than his other talks except for the degree of hysteria whipped up by the media in advance. Bernanke was addressing an audience of fellow central bankers and their camp followers at an annual gathering in Jackson Hole, Wyoming. There have been memorable comments at these late summer getaways, such as, in 2005, when past-Federal Reserve Board Vice Chairman Alan Blinder claimed then-current-Federal Reserve Chairman Alan Greenspan might be the "greatest central banker who ever lived."
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Tuesday, August 31, 2010
Gold Holds in Tight Range as Stocks Fall / Commodities / Gold and Silver 2010
THE PRICE OF GOLD held in a tight range as London re-opened after the Summer Bank Holiday on Tuesday, slipping $3 an ounce to $1235 as world stock markets fell again to near the end of August some 6% down on the month.
Silver prices reversed an earlier 1.5% drop to trade back at $19.12 an ounce.
Tuesday, August 31, 2010
Gold Forecast to Hit $1500 During 2011 / Commodities / Gold and Silver 2010
Concerns that the US economy is sliding back into recession has led to equities internationally coming under pressure and further flows into safe-haven assets. Gold and silver have consolidated from last week's gains and remain near closing levels from yesterday and last week. The yen - a preferred carry trade at times of financial stress - rose back to a 15-year high against the dollar as doubts remain about Japan's attempt to weaken the currency. Interestingly, despite the yen's recent strength, gold remains near multiyear record highs in the Japanese currency (see chart).
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Monday, August 30, 2010
Silver and Gold Fall from Favor / Commodities / Gold and Silver 2010
It seems many main stream commentators from the financial channels have abandoned the precious? Rather than beating the drum that gold is over $1000 per ounce we hear that gold is in a bubble.Read full article... Read full article...
Monday, August 30, 2010
Major Gold Rally Coming … / Commodities / Gold and Silver 2010
I’m seeing unusual strength in the gold market. Strength that has reversed the very short-term negative trends in gold to positive, and even given me a new cycle projection on my software.
In fact, I believe gold’s recent action is so significant, it’s bearing important messages about the future. I’ll get to those in a minute, and how you should prepare your finances. First, more on the recent action in gold …
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Monday, August 30, 2010
Silver Up 6% Last Week - Gold-Silver Ratio at 65 Sees Value Buyers Accumulating Silver / Commodities / Gold and Silver 2010
Markets nervously await data this week including the important monthly jobs number which will likely again underline the risks of a double dip recession. While Asian shares advanced, European shares (London closed for a public holiday) have been more tentative this morning and the US futures are marginally positive. Currencies markets have not seen much movement but yen is stronger again today despite concerns that the government action will not be able to control currency price movements.
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Monday, August 30, 2010
Ratio Analyses Suggest Gold and Silver Will Go MUCH Higher! / Commodities / Gold and Silver 2010
“Analyzing the long-term relationships of gold with other assets suggests that, in most instances, physical gold and silver and the shares of the companies that mine those precious metals have major upside potential – truly major – in the years to come.”So said Ronald-Peter Stöferle in a 71 page report* on gold he recently released. In an e-mail** to me he implored that I “spread the (golden) word” which I have done below, in Part 2 (access Part 1*** below), in a reformatted and edited [...] version for the sake of clarity and brevity and to ensure a fast and easy read. Stöferle went on to say:
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Monday, August 30, 2010
The Price of Gold is on the Rise, A September Song / Commodities / Gold and Silver 2010
The time has come. Look to the skies.
The price of gold is on the rise.
In bullish years, on Labor Day
The price of gold becomes in play.
Sunday, August 29, 2010
Silver Stages a Bullish Breakout / Commodities / Gold and Silver 2010
After looking extremely vulnerable for weeks, silver staged an upside breakout last week that has taken the price away from the danger zone and also signaled a probable breakout to new highs that, should it occur after such a prolonged standoff, can be expected to lead to a powerful uptrend that takes the price to a target area in the high $20’s.
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