Category: Gold and Silver 2010
The analysis published under this category are as follows.Wednesday, June 23, 2010
A Look At Gibson's Paradox And Gold / Commodities / Gold and Silver 2010
As I write these words in late June, 2010, I note that gold went to an all-time nominal high against the dollar on June 21. However, even though we find ourselves in the worst financial crisis since the 1930s, gold has still not reached a REAL, inflation-adjusted high. Using the numbers given to us by the U.S. government, gold would have to reach a nominal price of about $2,400.00 per ounce to equal its January, 1980, high of about $850 per ounce. Other analysts, such as the noted John Williams, of Shadow Stats, contend that gold would have to reach a nominal high of about $7,595.31 per ounce in order to equal its 1980 high in real terms. Suffice it to say that there are some who think that gold should be a lot higher in price than it is at present.
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Tuesday, June 22, 2010
Gold and Silver Price Conspiracies Earn Their Weight / Commodities / Gold and Silver 2010
Investigations into the trading at the COMEX have yet to make headlines, but they could uncover what traders have been seeing for a very long time. The price of gold and silver ebb and flow as part of a malicious attempt to corner the industry and create profitable opportunities for investment banks and hedge funds.
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Tuesday, June 22, 2010
Gold Ready for Parabolic Take Off? / Commodities / Gold and Silver 2010
GOLDEN TIMES - Gold is amazing. It’s been very strong, hitting record highs last week. Its bullish price action means investors and governments know it’s time to be in safe assets. The result is, gold continues to benefit as the world’s #1 safe haven.
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Tuesday, June 22, 2010
Gold Sits Tight vs. Rising Dollar / Commodities / Gold and Silver 2010
THE PRICE OF GOLD held tight vs. a rising US Dollar on London's wholesale market early Tuesday, trading back down from $1240 to last night's two-session low of $1232 an ounce.
World stock markets caught up with Wall Street's late fall, and commodity markets also fell.
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Tuesday, June 22, 2010
Gold Gives Up New Record Nominal Highs / Commodities / Gold and Silver 2010
Gold rose to a new all-time intraday high of $1265.07/oz in early European trading and then gave up its earlier gains in London yesterday. Gold came under concerted selling pressure in New York and fell in the final hours of trade ending near its late session low of $1237.83/oz with a loss of 1.40%. It has range traded in Asian and early European trading today.
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Tuesday, June 22, 2010
If They Don’t Own Gold, Don’t Trust Their Opinion on Gold / Commodities / Gold and Silver 2010
As an asset class, gold stirs the passions. Some folks love it, and others despise it. Be wary of those who will never own gold.
As I write this note to you on Friday, fingers flying over keys like the flickering quotes on my screens, Pink Floyd's "Learning to Fly" is playing on my speakers.
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Tuesday, June 22, 2010
The Dow on Gold’s Terms / Commodities / Gold and Silver 2010
Central banks money printing is out of control. The constant printing of all the world’s currencies is just another way for countries to default on their debt – the repayment of a creditor occurs using a currency whose purchasing power has been reduced. Gold’s price will continue, has to continue, too rise in value against all depreciating paper currenciesRead full article... Read full article...
Monday, June 21, 2010
Ratio of Gold Price to Stock Market / Commodities / Gold and Silver 2010
As anyone that has bought and sold a house in the past few years can attest, value is indeed neither fixed nor necessary reliable. Valuing a house, or any other asset, is as much science as carving up a chicken in the moon light at midnight with precision surgical instruments. The tools, such as present value, are precise mathematical calculations. However, the inputs border on being sorcery.
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Monday, June 21, 2010
Finding Gold in the Mainstream / Commodities / Gold and Silver 2010
The New York Times dedicated a chunk of last Sunday’s paper to gold as a mainstream investment. In other words, gold is now legit -- no longer can it be dismissed as the asset of choice for fringe types with a cellar full of canned goods and a stash of bullion buried in the backyard.
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Monday, June 21, 2010
Central Banks Diversifying into Gold / Commodities / Gold and Silver 2010
Gold rose to a new record (nominal) high in early European trading this morning at $1,265/oz. Gold finished last Friday up 2.3% and at a new weekly record high and is looking strong technically with rising moving averages and three consecutive higher weekly closes, and the higher monthly close in May. Given the strong technical and fundamental backdrop and the fact that the move up has been gradual (with gold only up 4% so far in June - see Currency Performance Table below) gold could make further gains and $1,300/oz looks like the next level of resistance.
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Monday, June 21, 2010
Gold New High As Investors and Central Banks Scramble for the Ultimate Safe Haven / Commodities / Gold and Silver 2010
THE PRICE OF WHOLESALE gold bullion rose to a second all-time high vs. the Dollar in two days overnight Monday, touching $1265 an ounce as world stock markets rose sharply on China's weekend promise to "enhance [the] exchange rate flexibility" of its Yuan.
The AM Gold Fix in London was set at $1259.50 an ounce, some 13% higher for 2010 to date.
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Monday, June 21, 2010
Gold Market Charting Characteristics / Commodities / Gold and Silver 2010
Each commodity and each economic good has its own characteristics, and before you trade any market seriously, you should stick your toe in the water, so to speak, (meaning to trade at a level you can afford). In this way, you can acquire knowledge of the characteristics of the particular market.
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Sunday, June 20, 2010
Gold Bubble? What Bubble? / Commodities / Gold and Silver 2010
We continue to hear pundits describe gold as a bubble. Certainly it will turn into a bubble before this is all over but we are hardly in the bubble stage yet. In order for a bubble to form you need the public to come into an asset class. The public is pretty dim and it can take 15-20 years before they "catch on". It took 18 before they noticed the tech bubble.Read full article... Read full article...
Saturday, June 19, 2010
Gold New All Time High Lacks Momentumn / Commodities / Gold and Silver 2010
We’re into new all time highs in gold, inflation non-adjusted. Still the move does not have the momentum (strength) behind it to give us all that enthusiasm one might want to give to the move. Go with the flow but watch out should the flow stop.
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Saturday, June 19, 2010
Will Gold Shares Catch Up to the Gold Price? / Commodities / Gold and Silver 2010
Gold share prices have not moved up in line with the gold price, why?
This has shaken quite a few investors, who based on past market moves, expect share prices to move roughly in line with the gold price in the belief that holding gold mining shares will produce the same if not more gains. It's time to look at the 'why' of this.
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Saturday, June 19, 2010
Gold Almost Free at Last / Commodities / Gold and Silver 2010
The U.S. dollar may only look good because its fiat currency brethren look bad, but declining confidence in paper money has thrust gold toward a position it hasn't enjoyed for a century or so— freedom from its seesaw relationship with the U.S. dollar. In this exclusiveGold Report interview, Gold Newsletter Editor and Publisher Brien Lundin—who also hosts the New Orleans Investment Conference—says that mounting troubles in Euroland threaten to end the traditional inverse correlation between the price of gold and the value of the U.S. dollar. Of course the dollar decoupling can only go so far. "Gold stands as the one currency that governments cannot debase or debauch," Brien says, but "the dollar is the only currency accepted by margin clerks."
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Friday, June 18, 2010
Inflation vs Deflation, The Winner is Gold? / Commodities / Gold and Silver 2010
The latest Consumer Price Index (CPI)reading will go a long way to ensuring most people miss out on the gold run.
The CPI came in at a very deflationary negative 0.2% for the month. Even the core CPI, which excludes food and energy prices, was a no-inflation-here low of 0.1%.
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Friday, June 18, 2010
Time to Focus on Silver / Commodities / Gold and Silver 2010
It is not exactly groundbreaking analysis to say that whats good for Gold is generally good for Silver. As observers of the precious metals know, Silver tends to lag Gold but eventually catch up quickly. In the long-term sense, Silver is still a year or two behind Gold as Gold has broken above all resistance levels. Technically speaking, we do favor Gold over the next few months, but ultimately, Silver is poised to catch up with vengeance.
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Friday, June 18, 2010
Gold Bull Market's Last Breath? Really? / Commodities / Gold and Silver 2010
Back in early 2000, during the euphoria of what later became known as the Dot.Com Bubble, one well-known professional investor stuck his neck out and predicted the bursting of that bubble. Jeremy Grantham was a bit early and was willing to give up millions in fees from customers who fled his fund transferring their money to managers who promised the party would never end. In 2000 Grantham predicted stocks would lose 3.9% per year annualized for the next 10 years and he was proven right.Read full article... Read full article...
Friday, June 18, 2010
Gold Sets New Record High Over $1,260 / Commodities / Gold and Silver 2010
As soon as investors think it is safe to invest in growth opportunities and more risky plays, economic concerns pop up somewhere in the world. The US is still trying to figure out if it is truly in economic recovery mode with job worries remaining and Europe is burdened with debt-ridden economies.
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