Category: Gold and Silver 2010
The analysis published under this category are as follows.Thursday, May 27, 2010
New Upleg for Gold GLD ETF / Commodities / Gold and Silver 2010
Is the "re-risk" trade back on for gold? Last week everyone was "de-risking," remember? The pattern carved out in the SPDR Gold Shares (NYSE: GLD) since the May 12 all-time high at 122.24 argues that major "de-risking" (otherwise known as profit-taking) emerged into the May 21 low at 114.01 (-7%).
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Thursday, May 27, 2010
Finally, Precious Metals ETFs I Can Safely Recommend / Commodities / Gold and Silver 2010
Chris Weber writes: In all the years I've recommended owning precious metals, I've preferred people buy and store actual gold, silver, or platinum.
But this is not always possible or convenient for at least some portion of people's money. That's why since the first gold exchange traded fund came out a few years ago, I spotlighted it.
Thursday, May 27, 2010
Gold Bullish Despite Frightening Deflation in Money Supply / Commodities / Gold and Silver 2010
THE PRICE OF PHYSICAL GOLD in wholesale dealing slipped from an early 6-session high in London on Thursday, ticking back to $1207 an ounce but remaining 3.1% higher for May-to-date.
World stock markets rallied further, cutting more than a third of this month's 8% losses.
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Thursday, May 27, 2010
Silver 'Poor Man's Gold' to Play Catch with as Ratio Falls / Commodities / Gold and Silver 2010
Silver has risen yesterday and today as it reverses recent sharp falls - many investors see silver as very cheap versus gold as seen in the gold silver ratio (see charts below) which is back to over 66.
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Thursday, May 27, 2010
The Gold and Silver Precious Metals Correction / Commodities / Gold and Silver 2010
It’s been an exciting week for traders as volatility levels are through the roof and the broad market is moving up and down like a yoyo. You cannot take your eyes off the screen if you have a large amount of money invested as you can quickly find yourself with a large profit or loss in the matter of minutes….Read full article... Read full article...
Thursday, May 27, 2010
The Coming Gold Price Explosion / Commodities / Gold and Silver 2010
Central Banker's Dream - (n) the unlimited expansion of fiat currency and credit without the disastrous effects of price inflation or a loss of confidence in the paper currency itself.
Why would the government want to suppress the price of gold and silver?
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Thursday, May 27, 2010
Gold, Silver and Mining Companies Shaping Up / Commodities / Gold and Silver 2010
We will kick off with a review of the charts for gold, silver and the gold bugs index, the HUI, in an attempt to see where we are now and just where we might go from here. However, to put the charts into context we need to take into consideration the surrounding political, economic and investment landscape.
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Wednesday, May 26, 2010
When Technicals Fail, Gold and Silver Investors are Better Served / Commodities / Gold and Silver 2010
Perhaps more now than ever in history (save for a few depressions), technical levels on everything from stocks, bonds and even precious metals have disappeared. No longer are support and resistance lines, moving averages, or oscillators stealing the show. Instead, investors are buying and selling with their gut, and overall, it’s probably for the better.
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Wednesday, May 26, 2010
Gold Rises as Funds Scramble for Safe Assets / Commodities / Gold and Silver 2010
THE PRICE OF GOLD in wholesale dealing rose throughout Asian and London trade on Wednesday, touching 1-week highs above $1215 an ounce as world stock markets bounced from their recent plunge.
Crude oil also rallied, regaining $70 per barrel. Silver prices caught up with gold, rising 3.3% from last week's finish to $18.68 an ounce.
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Wednesday, May 26, 2010
Gold Surges towards Euro 1,000 on Global Flight to Safety / Commodities / Gold and Silver 2010
The flight to safety yesterday saw gold and US and German government bonds rise while equities fell internationally. Gold's rise was marginal but was significant all the same given the very sharp falls seen in equity and commodity markets. Gold rose sharply in euros and in the commodity currencies as these currencies came under pressure.
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Tuesday, May 25, 2010
Gold Cheap as Stocks Slumps / Commodities / Gold and Silver 2010
THE PRICE OF GOLD in wholesale dealing rose against all currencies on Tuesday, breaking above $1200 an ounce as world stock markets sank for the third time in 5 sessions.
"We are not bullish on gold because of inflation expectations," says Walter de Wet at Standard Bank, "but because of monetary policy.
Tuesday, May 25, 2010
Gold Analysis and Buy Low Sell High Double Whammy / Commodities / Gold and Silver 2010
News just to hand informs me that Spain is just about to do a “Greece” as their banking system is without funding. In the end this is not about maintaining global growth or the European Union it is about the survival of the financial system as we know it during this major historic transition. Gold is about to go through the roof and not just in Euro terms.
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Tuesday, May 25, 2010
Gold Remains Firm on Geopolitical Risks and Fears of a 'Perfect Storm' / Commodities / Gold and Silver 2010
Gold's safe haven qualities are again being seen after its higher close yesterday despite falling US equity indices and it remaining robust today (down 0.4% in USD terms) despite sharp falls in Asian and European indices. Some analysts are warning of a "perfect storm" that could again destabilise the global financial and economic system. While "perfect storm" talk may be hyperbole there can be little doubt that the many extreme headwinds have led to a degree of risk similar to that seen after the collapse of Lehman Brothers.Read full article... Read full article...
Tuesday, May 25, 2010
Interview with Nick Leeson on Gordon Brown Gold Sales and GATA / Commodities / Gold and Silver 2010
Nick Leeson is a former derivatives broker and investment officer of Barings Bank. His unsupervised, unauthorised trading caused the collapse of the 233 year old Barings Bank, the United Kingdom's oldest investment bank, in 1995.The losses of $1.3 billion were considered massive at the time.
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Monday, May 24, 2010
Holding Gold / Commodities / Gold and Silver 2010
"We're seeing gold actually rise in all currencies. That seems to be a reflection of the concern and distrust for central bank authorities, political authorities and what's going in the world that we're living in," says Doug Groh, senior research analyst with the Tocqueville Gold Fund in this exclusive interview with The Gold Report. The fund is almost 10% bullion, which Groh says dampens the volatility of the fund's other holdings. He holds gold and thinks you should, too.
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Monday, May 24, 2010
Gold Sell in May and Go Away, Will Summer Doldrums Knock the Gold Price? / Commodities / Gold and Silver 2010
The global gold market has always seen India as the largest individual source of demand for gold. It has reached 850 tonnes in the best years and even in the worst years has been over 300 tonnes. It has been possible to track the seasonality of this demand fairly easily during this time. This demand has been labeled as Jewelry demand, we believe wrongly. But this title helps us to understand the Indian market for gold. Indian gold demand is centered on the family, the strongest of Hindu India’s institutions.
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Monday, May 24, 2010
How Low Will Silver Go? / Commodities / Gold and Silver 2010
Jeff Clark, Casey’s Gold & Resource Report : We released our 2010 Silver Buying Guide last week and the silver price promptly cratered. So does this change our view of gold’s shiny cousin? Hardly.While industrial uses comprise about half (53%, according to GFMS) of silver’s demand, making it susceptible to bigger falls than gold in a weak economy, it is equally clear silver also responds well to inflation, as well as serious financial “dislocations” (to put it nicely).
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Monday, May 24, 2010
The recent COT report shows an intriguing story in Gold positions / Commodities / Gold and Silver 2010
For the week the Gold price is down 4.45% in UK pounds, 4.55% in US dollars, and 6.12% in Euros (London PM fix).
For the year to date the gold price is still up… 17.78% in UK pounds, 5.19 % in US dollars, and 20.62% in Euros (London PM fix).
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Monday, May 24, 2010
Gold Trend Forecast to $1,350 then Crash to $1,000 / Commodities / Gold and Silver 2010
The Pathology of the Bureaucracy - What would you say if it was suggested that our business and political leaders, the larger bureaucracy, and their market managers were all acting in an increasingly irrational fashion, and are exacerbating negative long-term effects with all their meddling in things they should better leave alone, those being any market they decide to manipulate for whatever reason. Would you say that one sentence sums up a large part of the condition our condition is in without naming all the names, politics, etc. as none of this really matters in the end?
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Monday, May 24, 2010
Gold Rises on "Perfect Storm" Safe haven Investment Demand / Commodities / Gold and Silver 2010
THE PRICE OF GOLD in all currencies ticked higher in Asia on Monday, briefly touching $1190 an ounce before easing back in London as a rise in Asian stock markets failed to spur European equities.
The Euro and Sterling both fell hard vs. the Dollar. US crude oil contracts slipped below $70 per barrel.