Category: Gold and Silver 2010
The analysis published under this category are as follows.Saturday, July 10, 2010
Gold, Double Stock Dips and Double Silver Tops / Commodities / Gold and Silver 2010
You read a lot recently about “double dip” and it does not refer to two scoops of ice cream, or to the Jerry Seinfeld episode when George takes a large tortilla chip, dips it into a bowl of dip, bites into it and dips it into the bowl again, much to the utter disgust of the person standing next to him.
Read full article... Read full article...
Saturday, July 10, 2010
Gold Bubble Talk is Just Fear Mongering / Commodities / Gold and Silver 2010
Many market participants and commentators are obviously having a hard time distinguishing between a bull market and a bubble. More and more articles are referring to the imminent burst of the “gold bubble” and to an alleged “crowded trade” but the facts quickly put such fear-mongering into perspective.
Read full article... Read full article...
Saturday, July 10, 2010
Gold's Seasonal Cycle, Time to Buy? / Commodities / Gold and Silver 2010
Buying gold in July or August only failed to pay once by year's-end since this bull market began...
SO WE GOT an abrupt switch in the short-Euro, long-gold trade last week.
Read full article... Read full article...
Friday, July 09, 2010
Gold Market Manipulated by U.S. Treasury and the Federal Reserve Bank / Commodities / Gold and Silver 2010
Recently we were again witness to three gold market takedowns. The first was engineered just prior to and into gold and silver options expiration. Then prior to the ETF GLD gold option expiry and the last manipulative attack commenced just prior to the dreadful unemployment housing and inventory statistics. This sort of action began in 1988 with the signing of the Executive Order by President Ronald Reagan entitled the President’s Working Group on Financial Markets,” ostensibly created to neutralize events such as the October 1987 collapse of the US stock market.
Read full article... Read full article...
Friday, July 09, 2010
Gold and Silver Rally as Scrap Sales Dry Up / Commodities / Gold and Silver 2010
SPOT-MARKET PRICES for wholesale gold crept back above $1200 an ounce in London on Friday, recovering half of this week's 2.2% drop as world stock markets pushed higher again.
The US Dollar and Japanese Yen both rose against the Euro and British Pound, while German bunds and UK gilts rose on weak inflation data, nudging yields lower.
Friday, July 09, 2010
Silver is Seriously Underpriced / Commodities / Gold and Silver 2010
At breakfast I told the kids that I was instituting some new austerity measures around here, and they became so insistent that I heard all about how this was going to “ruin” them and their stupid social lives that I did not have to tell them that I was going to use the money to buy silver, which would have sent them ballistic.
Read full article... Read full article...
Friday, July 09, 2010
Gold to be Supported by Massive Fiscal Challenges Facing the US and Western Economies / Commodities / Gold and Silver 2010
Gold fell $2.50 to $1195.30/oz yesterday and is now down 1% on the week. It traded sideways in Asia and down in early European trading. Another lower weekly close will again be bearish technically and would suggest that further retrenchment and consolidation may take place. A higher close today and on the week would help reverse the technical damage done recently.
Read full article... Read full article...
Friday, July 09, 2010
Gold prices at $10,000? / Commodities / Gold and Silver 2010
Forecasts for gold prices vary dramatically from $500/oz to as high as $15,000/oz and some go even higher, so we tracked back to when we started this web site and dug up our original forecast for gold prices found in an article entitled ‘Reasons to invest in Gold‘ posted on June 19th, 2006, four years ago when gold was trading at $562.30/oz. This is what we wrote back then:
Read full article... Read full article...
Friday, July 09, 2010
Gold Seasonality – Time to Buy? / Commodities / Gold and Silver 2010
In statistics, many time series exhibit cyclic variation known as seasonality. In my market research days, seasonality was a very important and accurate predictive indicator for my clients. This data was used to determine production, inventory, sales forecasts and strategically to determine the best times to promote products or offer price discounts.
Read full article... Read full article...
Thursday, July 08, 2010
Gold Struggling Near $1200 / Commodities / Gold and Silver 2010
THE PRICE OF PHYSICAL gold bounced from a new 6-week low early in London on Thursday, but struggled to hold above $1200 an ounce as world stock markets jumped together with commodity prices.
Silver prices touched a 1-week high at $18.24 an ounce as the gold price in Dollars rallied from its May 25th low at $1186.16.
Thursday, July 08, 2010
Gold To be Supported by Negative Real Interest Rates / Commodities / Gold and Silver 2010
Gold fell to an inter day six week low yesterday of $1,184.75/oz yesterday before a strong rebound which saw it close higher on the day at $1,197.80/oz. It rose above $1200/oz in Asian trade to $1,207.75/oz prior to giving up some of those gains in early European trade. Many traders and investors who have nee on the sideline in recent weeks see the present sell off as a buying opportunity.
Read full article... Read full article...
Thursday, July 08, 2010
Gold Below $1,200 Despite U.S. Dollar Concerns / Commodities / Gold and Silver 2010
It is a bit unusual, but gold prices are currently falling in line with US economic concerns, equity index drops, and dollar losses. Typically, gold is known as the “safe money” investment when there is economic uncertainty.
The Wednesday (July 7) morning gold price spot rate is $1,193.50. This is down slightly from a Tuesday close of $1,194.10 and it is sharply lower from Monday’s New York closing price of $1,208.90.
Read full article... Read full article...
Thursday, July 08, 2010
21st Century Gold Rush / Commodities / Gold and Silver 2010
With the prices of gold and silver rising and more currency flooding into the mining industry, won't supplies of gold and silver rise? Is there a potential for such a rise to outstrip demand?
Read full article... Read full article...
Thursday, July 08, 2010
Gold and Silver Good and Bad News / Commodities / Gold and Silver 2010
“The future ain’t what it used to be”. …..Yogi Berra
Judging by several E-mails I’ve received from anxious readers of my articles during the past few days, some of you are wondering if you should have ‘sold in May and gone away.’
Read full article... Read full article...
Thursday, July 08, 2010
Gold Stocks Poised for Breakout / Commodities / Gold and Silver 2010
Chen Lin is an independent investor living the dream. Since December 2002, he's turned slightly more than $5,000 into nearly $1M through value investing and exceptional market timing. Now he believes gold producer shares are poised for a breakout. "Every gold producer is making an incredible amount of money, and the market doesn't appreciate that much. That's a very interesting phenomenon. One thing will happen—either gold has to come down significantly or gold shares will go up significantly. I believe it's the latter," Lin says. In this exclusive interview with The Gold Report, Lin shares some favorite gold producers and explorers, as well as some pulp and paper stocks he thinks have some upside.
Read full article... Read full article...
Wednesday, July 07, 2010
Gold and Silver - Will They Protect You? / Commodities / Gold and Silver 2010
Wild predictions for the future price of gold and silver abound. For investors, watching our current crisis play out in slow motion relative to multi-year trends can be excruciatingly difficult.
Take, for example, those who invested in precious metals prior to the 2008 stock market and commodities implosion. Many took the advice of gold bugs like Peter Schiff, and had they bought in the first half of 2008, by November of the same year they would have seen their portfolios diminished by roughly 30%; even worse had they bought stocks in gold miners as opposed to the physical metal. Some may have sold and taken the loss, only to see gold rebound to new nominal highs just a year later.
Read full article... Read full article...
Wednesday, July 07, 2010
Gold and the Impending Death of Keynesian Ideology? / Commodities / Gold and Silver 2010
While planning the wake would certainly be premature, perhaps some funeral plans could be considered. Could we possibly be witnessing the impending death of Keynesian ideology? For more than 70 years governments have been controlled by Keynesian ideologists and those that have succumbed to their alchemy. Converting sand into Gold was a dream ultimately discarded as futile.
Read full article... Read full article...
Wednesday, July 07, 2010
Gold Over-Owned or Over-Reported? / Commodities / Gold and Silver 2010
Hey, let's ignore the facts. Just feel the frenzy...!
DID YOU HEAR about the giant gold coin auctioned in Austria late last month?
Read full article... Read full article...
Wednesday, July 07, 2010
Gold Slips to 6-Week Low as Eurozone Hits "Last Resort" with Gold Swaps / Commodities / Gold and Silver 2010
THE PRICE OF GOLD bounced from a new 6-week low in London trade Wednesday morning, recovering to $1192 per ounce after two news stories were seen extending yesterday's drop.
First, news broke that central banks – widely assumed to be from troubled Eurozone states – have used a record volume of their gold reserves to raise "gold swap" currency loans from the Bank for International Settlements (BIS).
Wednesday, July 07, 2010
Gold Swap with BIS is Positive for Gold / Commodities / Gold and Silver 2010
Risk aversion has returned today with Asian equity indices mostly down and European bourses also under pressure early after the increased risk appetite seen yesterday faded. Equities and commodities surged in value in Asia and European trade yesterday, but Wall Street did not follow through with equities giving up their early gains and ending up marginally. The increased risk appetite saw gold come under pressure again yesterday and once $1,200/oz was breached, gold quickly fell to the $1,190/oz level. Technical damage has been incurred and further falls to support at $1,160/oz seem possible.
Read full article... Read full article...