Category: Gold and Silver 2010
The analysis published under this category are as follows.Monday, December 06, 2010
Gold and Silver Bull Markets Can Withstand Liquidation / Commodities / Gold and Silver 2010
THE PRICE OF GOLD touched a near-record $1419 per ounce in Asian trade early on Monday, easing back as the Euro slipped vs. the Dollar and world stock markets stalled after last week's sharp gains.
Government bond prices rose, nudging yields lower. Crude oil slipped from new two-year highs above $89 per barrel.
Monday, December 06, 2010
The Gold Price Key Relationship With Real US Interest Rates / Commodities / Gold and Silver 2010
Gold investors tend to focus overwhelmingly on the relationship between the US dollar and gold, citing that a lower dollar leads to higher gold prices in US dollars. Whilst this may be generally true, there is another relationship that does not get as much attention as we believe it deserves, and that is the relationship gold has with US real interest rates. For the first few years of this gold bull market, it was sufficient simply to acknowledge the USD down, therefore gold up dynamic, but now things have changed. Over the past couple of years gold has rallied when the greenback has been making gains, as well as when it was weakening, therefore investors must now take note of the inverse relationship between US real interest rates and gold, which has been observed consistently over the last couple of years.
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Monday, December 06, 2010
Silver No Sign of an End to Accelerating Advance / Commodities / Gold and Silver 2010
Although silver's uptrend which began in August has been steep, and it is still substantially overbought after its "running correction" of recent weeks, there doesn't appear to be any sign of it ending in the near future. On the contrary, silver looks set to continue to rise steeply and the rate of advance may even accelerate.
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Monday, December 06, 2010
Gold and Silver Looking Great Both Technically and Fundamentally / Commodities / Gold and Silver 2010
Things really couldn't look better for gold and silver both fundamentally and technically - and this is said in the knowledge that there are still a lot of naysayers around - if there weren't we really would have cause to be worried. Fundamentally, the major development of recent days that caused markets to soar is the realization that the addled leaders of Europe are set to put aside any principles or laws that stand in the way and backstop the European bond markets, before following the glorious example set by the US and wholeheartedly embracing the instant solution to all problems large and small (apart from insignificant matters like high unemployment) - QE heavy. They are going to step in and support the markets and print as much money as it takes. This is of course great news for the markets - the interests of the elites and of speculators are to be protected at all costs - and the costs will be pushed onto the ordinary guy in the street in the form of roaring inflation.Read full article... Read full article...
Sunday, December 05, 2010
Gold, WOW! That Was Some Week / Commodities / Gold and Silver 2010
WOW! That was some week. Gold at new closing highs (but not intra-day highs) and silver going gung-ho. But wait, what’s this? Relatively low volume, for both, on this recent move. Could this be a fake move? Who knows but it is something to think about.
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Sunday, December 05, 2010
Start Hoarding Gold and Silver Right Now / Commodities / Gold and Silver 2010
Carl Delfeld writes: Over the past decade, gold has trounced stocks across the board.
No big secret there, of course.
But the margin of the beating might surprise you…
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Saturday, December 04, 2010
The Irrationally Rising Gold Price? / Commodities / Gold and Silver 2010
I have made so many wrong calls in the past few months that I’m starting to wonder why.
Because I have for years had a policy of not using the charts for “trading” decisions it has not been impacting on either my ego or my bank balance that I have been wrong or that I have been wrong so often. What has been bothering me is what have I been missing?
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Saturday, December 04, 2010
Gold and Silver Investors and Year End Tax Loss Selling / Commodities / Gold and Silver 2010
What has been completely overlooked or not mentioned during this sizable run up in stock market profits, including the precious metals sector, is the imminent advent of tax loss selling. Every year around this time, as sure as snow falls in Vermont, more than ever, there are reasons why this unmentioned event is apt to be at least modestly affecting stocks before the year end especially precious metals.
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Saturday, December 04, 2010
Gold and the Twilight of the Euro / Commodities / Gold and Silver 2010
Germany's "swivel-eyed" gold bugs simply show more imagination than journalists, policy-makers and academic economists...
MONEY is always and everywhere a political phenomenon, nowhere more clearly than Germany.
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Saturday, December 04, 2010
Silver Shortage Pre Panic Trend Line, 21st Century Bull Market Junctures / Commodities / Gold and Silver 2010
For years we have heard of the coming silver shortage but somehow price was always contained and was a wild swinging commodity. But that changed last spring when allegations of silver manipulation made it to mainstream internet sites and became a focal point of testimony by Bill Murphy of GATA to the CFTC in early spring.Since last August the silver market has been on a tear to the upside and the physical market is now again facing reported shortages. The demand for coin is at its highest levels in 25 years as reported by coin dealers.
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Friday, December 03, 2010
China's Gold Demand Explodes / Commodities / Gold and Silver 2010
Chinese demand is behaving as we predicted. If you look at the recent history of Chinese gold demand, you start in 2003 when gold ownership was acceptable, having been banned from 1945 until then. This occurred at a time when the agency for the People's Bank of China began buying gold for their reserves. Prior to that, HSBC tried to persuade China to buy gold, but the time was not quite right for them. Now it is very right for China to buy gold. What has happened since 2003 and during 2010?
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Friday, December 03, 2010
Gold Rises on Weak US Jobs Data, Bull Market "Dependent" on Low US Rates / Commodities / Gold and Silver 2010
THE PRICE OF GOLD reversed an earlier dip towards yesterday's low of $1385 per ounce at the start of New York dealing on Friday, holding onto a sharp drop vs. the Euro as the single currency rose – and the Dollar fell – on news of much weaker than expected US jobs growth.
World equities had moved sideways – and major-economy government bonds fallen – but broad commodity markets rose, with US crude oil contracts pushing to fresh two-year highs above $88 per barrel.
Friday, December 03, 2010
Gold and Silver Ready to Break out on Chinese Demand, Korean Tension and Currency Risk / Commodities / Gold and Silver 2010
Gold is higher in all currencies again this morning (see Cross Currency Table below) and is heading for a second weekly gain in dollars (and other major currencies), as China's imports surged, geopolitical risk in the Korean peninsula remains elevated and uncertainty about the euro, currencies and paper assets in general is leading to continued safe haven demand.
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Friday, December 03, 2010
The Gold Confiscation Con Scare Tactic To Get You to Buy Gold Coins / Commodities / Gold and Silver 2010
If you've spent enough time in the gold community, you might be under the impression that the most imminent threat to the average American isn't terrorism or unemployment, but rather gold confiscation. Starting with the fact that FDR confiscated gold during the last Great Depression, and continuing to the quite accurate forecast that we are headed into an even Greater Depression, unscrupulous coin dealers have been pushing investors to buy expensive "numismatic" or "collectible" coins that they claim would be protected from government seizure. The only problems are that the original motive for confiscation no longer applies and the "protection" offered by major coin dealers wouldn't actually help you keep your gold.
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Thursday, December 02, 2010
Gold, Wealth You Can Wear / Commodities / Gold and Silver 2010
Jeff Clark, Senior Editor, BIG GOLD writes: In 1975, as Saigon was falling, South Vietnamese refugees were air-evacuated into Guam and the U.S. The company Deak-Perera was hired by the State Department to serve as the official "money changer" for the refugee camps, and it quickly became apparent to the employees that even the most prominent of Vietnamese citizens arrived with nothing but the clothes on their backs and whatever belongings they could carry. It was a somber scene.
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Thursday, December 02, 2010
All That Sparkles Isn’t Necessarily Gold / Commodities / Gold and Silver 2010
Precious metals have become a household investment. Your neighbor may not be buying gold bars and putting them in the garage, but the average investor is putting more of their money into the sector. Gold historically has been the metal of choice and has offered market beating performance since the summer of 2002. If you google ‘gold investing’ you get more than 77 million choices. Leave it to Wall Street to come up with an excess of ways to invest in the metal.
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Thursday, December 02, 2010
Gold Sits Tight as Chinese Imports Jump on Negative Real Rates, Spain Calls for Joint-Euro Fiscal Policy / Commodities / Gold and Silver 2010
THE PRICE OF physical gold bullion in large, wholesale-market approved bars traded near 3-week highs in London on Thursday, holding within 1% of yesterday's new all-time records for Euro and Sterling investors as world stock markets rose alongside commodities.
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Thursday, December 02, 2010
China's Gold Imports Soar by Massive 500% on Investment Demand / Commodities / Gold and Silver 2010
Gold and silver are higher again today in all currencies after eking out marginal gains yesterday, when gold rose to new record nominal highs in euros and in British pounds at £895.44/oz. The weakness of sterling against gold shows that the euro and the dollar are not the only currencies about which investors are concerned. Gold at $1,391/oz remains some 2% below its record nominal high seen on the 9th of November ($1,421/oz London PM Fix) and after the recent period of consolidation looks set to challenge this level again.
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Thursday, December 02, 2010
Silver Price Forecast $86.75 in 2011, Precious Metals Investment Strategies / Commodities / Gold and Silver 2010
Peter Krauth writes: Forecasting prices for anything can be tricky. And a precious-metal commodity such as silver is no exception.
With gold holding the leash on its "lapdog" - silver - the performance of the so-called "yellow metal" holds the key to silver prices in the New Year.
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Thursday, December 02, 2010
Gold Price Forecast to Hit $1900 In 2011 / Commodities / Gold and Silver 2010
Peter Krauth writes: Gold investors are a happy bunch. Those with the luck or foresight to have boarded the golden railroad back in 2001 have experienced a fivefold investment in the "metal of kings." That works out to compounded return of better than 20% a year.
Such a torrid performance has evoked claims that this is just another financial bubble - that's soon to burst.
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