Category: Gold and Silver 2010
The analysis published under this category are as follows.Monday, June 14, 2010
Gold Bugs All Aboard the Last Train For The Coast / Commodities / Gold and Silver 2010
All aboard, dear gold bugs. The train is slowly picking up speed and is leaving the station. It is your last chance to get aboard at a price reasonably close to $1,000/oz. Now you may not agree that $1,250 is reasonably close to $1,000, but when you see gold at $3,000, then you will agree. From the vantage of $3,000, then $1,000, $1,250 no big deal. The point is to be long of gold.
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Sunday, June 13, 2010
Bernanke’s Bind: One Chart Reveals Gold’s Next Move / Commodities / Gold and Silver 2010
“I don’t fully understand movements in the gold price…”That’s what Fed Chairman Ben Bernanke admitted this week. But if he were to look at what’s actually going on and every move he has made since 2008, he would understand the price of gold and see where it’s going next.
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Sunday, June 13, 2010
Gold Going to Parabolic Top of $10,000 by 2012 For Good Reasons / Commodities / Gold and Silver 2010
No wishful thinking here! As I see it gold is going to a parabolic top of $10,000 by 2012 for very good reasons - sovereign debt defaults, bankruptcies of “too big to fail” banks and other financial entities, currency inflation and devaluations - which will all contribute to rampant price inflation.
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Sunday, June 13, 2010
Gold New High Was Not Decisive / Commodities / Gold and Silver 2010
The week started out well but didn’t finish as such. Although gold made new highs it was not decisive. Should gold drop below the $1216 mark we might be in for more downside but if it closes above the $1250 level then the bull is expected to continue.
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Friday, June 11, 2010
Buy Gold Bullion, Royalties and Juniors / Commodities / Gold and Silver 2010
Chairman and CEO of his namesake company, Adrian Day Asset Management and Author of the Adrian Day's Global Analyst newsletter, Adrian Day is frequent contributor to The Gold Report because he never fails to deliver keen market insight or offer ways to safely grow your money—typically through value investing. Many of his firm's biggest holdings involve gold, where he sees plenty of opportunities in light of current market trends. Adrian holds bullion and "loves" gold royalties. But if you're not into royalties, he also offers promising names in the junior gold space in this exclusive interview.
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Friday, June 11, 2010
Gold Major Top? / Commodities / Gold and Silver 2010
In our previous essay we have emphasized the importance of the analysis of the Euro Index, while evaluating recent performance of gold. We have also featured a gold chart that included a resistance level which gold has just approached. Since that was the case, you might be wondering if the final top is in or not. Consequently, this essay is going to feature the updated version of the previous gold chart (charts courtesy by http://stockcharts.com), with an additional important factor - areas marked on the below chart with blue ellipses.
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Friday, June 11, 2010
Gold Minor Correction Completed? / Commodities / Gold and Silver 2010
The BIG picture of the SPDR Gold Trust (NYSE: GLD) continues to exhibit a series of higher lows and higher highs since the March 24 low at 106.34. My near-term work argues that the decline from new all-time highs at 122.45 to yesterday's low at 118.83 represents yet another pullback to a higher low.
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Friday, June 11, 2010
Why is China Promoting Gold Investments, If the Yuan is Going to Appreciate? / Commodities / Gold and Silver 2010
The Chinese government is encouraging investments in gold and is working to expand the range of gold investments there. But the U.S. and others believe that the Yuan is going to appreciate. Surely the Chinese investor will be hurt if this happens?
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Friday, June 11, 2010
Gold Where to From Here? / Commodities / Gold and Silver 2010
The focus of this month’s post will be about gold and the gold shares. Will the price of gold record 10 straight years of gains, or might it be in for a correction? A good starting point might be to understand what happened to gold and the gold stocks in the 1920’s & 1930’s, and why.
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Friday, June 11, 2010
Gold Set to End Lower on the Week on Weakening Economies / Commodities / Gold and Silver 2010
THE PRICE OF GOLD jumped out of a tight trading range at the start of New York dealing on Friday, rising to show a 0.5% weekly gain at $1227 an ounce as investment capital moved into "safe haven" assets on news of a sharp drop in US retail sales.
Falling by 1.2% in May – the fastest pace since Sept. – the headline retail figures sent the Dollar and Treasury bonds higher while stock markets gave back an earlier rise.
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Friday, June 11, 2010
Gold Gains as Risk Trade Back on Despite Sovereign Debt and Banking System Stress / Commodities / Gold and Silver 2010
Global equities and commodities have rallied due to increased risk appetite despite real lingering risks. Gold has gained for the first time in four days in global markets and some investors continue to diversify into the safe haven on concern that Europe's sovereign debt and fiscal crisis isn't over. Hopes for a continuation of the recent global economic rebound are high and have seen oil, copper and most commodity prices rise this week and equities stabilise. Gold is currently trading at $1,220/oz and in Euro, GBP, CHF, and JPY terms, gold is trading at €1,008/oz, £832/oz, CHF 1,393/oz, JPY 111,709/oz respectively.
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Friday, June 11, 2010
Is Gold Still a Buy and If So, Where? / Commodities / Gold and Silver 2010
The Technical Trader’s view:
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Thursday, June 10, 2010
Anatomy of a Three-Bagger: The Brett Resources Stock Story / Companies / Gold and Silver 2010
Jeff Clark, Casey’s International Speculator writes: Shareholders were treated to a big win last month when Brett Resources (V.BBR) was bought out by Osisko Mining (T.OSK), giving investors a triple from our initial recommendation. We talked with Brett Chairman Ron Netolitzky to get the story behind how he and his team made Brett a success, along with his thoughts on the junior market and gold. We think so highly of Ron that we've inducted him into our Explorers' League program...
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Thursday, June 10, 2010
Gold Seasonal Price Trends are Favorable for Summer Purchases / Commodities / Gold and Silver 2010
A momentous shift in the financial realm occurred at the turn of the millennium, but did so without fireworks -- not a single squib was heard on its behalf. After all, the gold market had long and dutifully languished, languished so utterly weary with its own 20-year bearish attitude that the proverbial "rock-bottom" was struck at $250 (and not just once but rather twice, as if to re-emphasize contempt at the price tag), a price so absurdly low it triggered a cathartic purging of all further legitimate bearish opinion on the matter. (Illegitimate bearish opinion continues to this day and suffers accordingly.)
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Thursday, June 10, 2010
Gold Analysts "Bullish" as Dollar Slips / Commodities / Gold and Silver 2010
GOLD DEALT IN large wholesale bars slipped in price for the second session running in London on Thursday, dropping 2.5% from Tuesday's record highs as European stock markets held flat and the US Dollar ticked lower on the currency market.
The central banks of both the Eurozone and the UK voted to keep interest rates on hold, sticking since spring 2009 at 0.5% and 1.0% respectively.
Thursday, June 10, 2010
Silver Underpriced, Insufficient Supply to Meet China’s Growing Demand / Commodities / Gold and Silver 2010
Richard Daughty writes: Most people have never heard of “the invisible hand” of the market, which is the surprising result of everyone working to get money with which to satisfy their own selfish interests, and it ends up benefiting everybody, a result that is so glorious that it seems that things are being guided by some “invisible hand.”
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Thursday, June 10, 2010
Bernanke's Claims That He Does Not "Fully Understand the Movement in the Gold Price" / Commodities / Gold and Silver 2010
Gold is currently trading at $1,223/oz and in euro, GBP, CHF, and JPY terms, at €1,017/oz, £840/oz, CHF 1,402/oz, JPY 111,318/oz respectively. Gold has fallen in all currencies today as traders have taken profits after the recent surge in prices. Gold priced in euros, UK pounds, Swiss francs and US dollars surged to record nominal highs on Tuesday on demand for a store of value. Concerns of a global economic slowdown allied with fears that debt laden European countries like Greece, Spain, Portugal and Hungary could default and lead to contagion have led to safe haven demand for gold in recent weeks.
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Thursday, June 10, 2010
Bernanke says Gold Acting Differently than Rest of Commodities Group / Commodities / Gold and Silver 2010
It's not often I agree with Ben Bernanke, but this time, in regards to gold, I do. Please consider Bernanke Says Gold, Commodities Conflict on Inflation.
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Thursday, June 10, 2010
Gold Trade for This Week / Commodities / Gold and Silver 2010
Hello All, This stuff is somewhat time sensitive.
The August Gold is leaving little “technical” gaps all over the place. Classical technical analysis suggests that gaps on a chart will be filled. (It doesn’t specify when though.) I will not worry about the gap on the downside being filled and instead, focus on the upside.
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Thursday, June 10, 2010
Silver Likely Market Top / Commodities / Gold and Silver 2010
Figure 1 is a weekly chart of the i-Shares Silver Trust (symbol: SLV). The pink labeled price bars are negative divergence bars. The divergence is between an oscillator indicator (called value charts) and price. (Of note, there is nothing unique about value charts as an oscillator other than I can program with it; as a matter of record, this is the same oscillator I use in all my charts.)
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