Category: Gold and Silver 2013
The analysis published under this category are as follows.Monday, January 28, 2013
The Big Picture behind Germany Taking Half of Its Gold Home / Commodities / Gold and Silver 2013
Bundesbank announced last week that they'll repatriate 674 metric tons of their total 3,391 metric tonne gold reserves from vaults in Paris and New York to restore public confidence in the safety of Germany's gold reserves. The transfer from the Federal Reserve is set to take place slowly over a seven year period and will only be completed in 2020.
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Monday, January 28, 2013
Bank of England Gold - The Doubts Remain / Commodities / Gold and Silver 2013
Last week I wrote about the mess the Bundesbank has found itself in over its gold bullion. But they are not alone: the Dutch, Austrian, Mexican and now even the Swedish central banks are also coming under public pressure to explain themselves and to repatriate their gold.
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Monday, January 28, 2013
Is The Gold Tide Now Turning? / Commodities / Gold and Silver 2013
An open mind is essential for economic survival in today’s fast changing world – but one should be conscious of the potential for being attracted to arguments that lead to prejudicial outcomes.
The chart below (courtesy stockcharts.com) is a 5% X 3 box reversal Point &Figure chart of the ratio of gold shares/gold price. I have chosen this scale for the purpose of identifying long term trends
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Monday, January 28, 2013
Gold and Silver Miners Making Waves and New Trends / Commodities / Gold and Silver 2013
The precious metals sector has been dormant since both gold and silver topped in 2011. But the long term bull market remains intact. As long as we do not have the price of gold close below the lower yellow box on the monthly chart then technical speaking precious metals should continue much higher.
Large consolidation periods (yellow boxes) provide investors with great insight for investments looking forward 6-18 months upon a breakout in either direction (up or down). The issue with investing during these times is the passage of time. One can hold a position for months and sometimes years having their investments fluctuate adding extra stress to their life when they really do not need to.
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Sunday, January 27, 2013
The Time Is Now For All Gold Investors! / Commodities / Gold and Silver 2013
Sunday, January 27, 2013
Gold And Silver – All Fundamentals/Opinions Are Useless / Commodities / Gold and Silver 2013
All general statements are untrue, [including the one above and this one].
There are exceptions to every general rule, so they cannot always be true.
There is truth to the consideration that all fundamentals and opinions are
useless in the markets, as they pertain to timing, and timing plays a huge
role when investing/trading. What fundamentals/opinions do is put one’s
belief system into a context with regard to the market[s]. If one wants to
profit from any belief, he/she is then pitted against the forces of the
marketplace in their exercise.
Friday, January 25, 2013
Gold Price Forecasts - "It's All My Fault" / Commodities / Gold and Silver 2013
Common sense dictates that when you need information or advice on something you're unfamiliar with, you consult with a professional. That's what people do, whether refinancing a home, choosing an insurance product, or fixing a broken heater. While professionals certainly have their own agendas, they still know more about their products or services than others, and can at least help them make more informed decisions.
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Friday, January 25, 2013
Silver Investing and the Sanctity of Savings / Commodities / Gold and Silver 2013
A basic issue with silver investing for many people is that the actual metal is scarce, valuable and increasingly vulnerable to explicit and implicit confiscation.
Yet silver is not only an investment vehicle. It also acts as an alternative savings vehicle to saving wealth in fiat currencies.
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Friday, January 25, 2013
The Price of Silver in the Age of Broken Promises / Commodities / Gold and Silver 2013
The price of silver remains at the mercy of the big banks that make of the majority of the short side at COMEX — which is still the primary paper pricing mechanism for silver.
Could silver prices go above $50 and beyond this year — and then perhaps retest $50 as a floor?
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Friday, January 25, 2013
Gold Backed Bonds - An Alternative To European Economic Austerity? / Commodities / Gold and Silver 2013
Today’s AM fix was USD 1,670.25, EUR 1,243.39, and GBP 1,058.93 per ounce.
Yesterday’s AM fix was USD 1,677.00, EUR 1,258.06, and GBP 1,059.18 per ounce.
Silver is trading at $31.55/oz, €23.54/oz and £20.04/oz. Platinum is trading at $1,689.00/oz, palladium at $723.00/oz and rhodium at $1,200/oz.
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Friday, January 25, 2013
Gold Looking Sloppy Short term, But Pullback Attractive / Commodities / Gold and Silver 2013
The GOLD PRICE slipped back to last night's near-two week lows at $1665 per ounce Friday lunchtime in London, heading for a 1.1% drop on the week as world stock markets and other "risk assets" rose.
Silver also ticked lower to trade 2.7% beneath Wednesday's 5-week highs.
Germany's Ifo index of business sentiment meantime hit its best level since June.
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Thursday, January 24, 2013
Bored Gold Traders But Long-Term Case "Robust" as Russia Buys / Commodities / Gold and Silver 2013
PRECIOUS METALS prices fell in Asian and London trade Thursday morning, taking gold and silver to 1-week lows as commodity prices also dropped and stock markets stalled.
Shares in Apple Inc. were set to open New York trade 8% lower after the gadget giant reported weak Christmas sales.
New purchasing managers' data today showed business activity and sentiment in China rising to a two-year high.
Thursday, January 24, 2013
Forget Germany, Check Out Turkey's Central-Bank Gold / Commodities / Gold and Silver 2013
Now here's a central bank really putting gold to good use...
AMID the brouhaha over Germany's gold reserves at the Bundesbank, there's another central bank using gold actively to bolster its currency and financial stability.
The strategy looks the same – sitting on big stockpiles of the stuff. But the aim differs, because gold is much closer to the everyday financial system. The tactics differ too. Because the central bank hasn't bought and paid for this gold. Private citizens have.
Thursday, January 24, 2013
Faber to Shiller: “You Keep Your U.S. Dollars And I’ll Keep My Gold” / Commodities / Gold and Silver 2013
Today’s AM fix was USD 1,677.00, EUR 1,258.06, and GBP 1,059.18 per ounce.
Yesterday’s AM fix was USD 1,692.25, EUR 1,268.84, and GBP 1,066.19 per ounce.
Silver is trading at $31.92/oz, €24.05/oz and £20.26/oz. Platinum is trading at $1,692.75/oz, palladium at $718.00/oz and rhodium at $1,200/oz.
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Thursday, January 24, 2013
Buy Silver if Global Economy Strengthens / Commodities / Gold and Silver 2013
George Leong writes: In April 2011, when silver was trading at $50.00 an ounce, Bank of America Merrill Lynch was extremely bullish and suggested $80.00 was possible. (Source: “Prospect of silver hitting $80 shakes up stock, ETF markets,” International Business Times, May 1, 2011, last accessed January 22, 2013.) Of course, this hasn’t been the scenario, as the metal faces tough resistance at $35.00. Until there is a strong breakout here, I doubt the $40.00-level will be achievable.
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Wednesday, January 23, 2013
Goldman Sachs Short-Term Bullish, Long-Term Bearish Call On Gold / Commodities / Gold and Silver 2013
Goldman Sachs predicts a gold spike in the near term to $1800+, but eventual decline to about 1200 by 2018. Their view is that safe haven seeking behavior will reduce as economies heal and interest rates rise, and risk assets appreciate. In particular, they are concerned that when interest rates revert from negative real rates to positive real rates, the price of gold will experience strong negative pressures, which they feel will probably outweigh other factors that may produce positive price pressures.
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Wednesday, January 23, 2013
Silver Bars Being Secured By HSBC – Buy $876 Million Worth From Poland / Commodities / Gold and Silver 2013
Today’s AM fix was USD 1,692.25, EUR 1,268.84, and GBP 1,066.19 per ounce.
Yesterday’s AM fix was USD 1,692.50, EUR 1,268.17, and GBP 1,068.36 per ounce.
Silver is trading at $32.33/oz, €24.32/oz and £20.46/oz. Platinum is trading at $1,700.50/oz, palladium at $725.00/oz and rhodium at $1,200/oz.
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Wednesday, January 23, 2013
Gold Holding Steady as Chinese Demand Slows / Commodities / Gold and Silver 2013
GOLD continued to hover near one-month highs above $1690 an ounce Wednesday morning, where it has spent most of this week, with dealers in India and China citing a slowdown in physical bullion demand.
Silver climbed above $32.30 an ounce, a one-month high, as stocks and commodities were broadly flat and US Treasuries gained.
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Wednesday, January 23, 2013
Germany Prepares: The Bundesbank Repatriates Gold Reserves / Commodities / Gold and Silver 2013
It is official: Germany is set to repatriate a large share of its gold reserves. This is one of the most definitive measures the country has taken in light of the ongoing global crisis.
Earlier this month, the Bundesbank (Germany's central bank) announced its intention to take delivery of over half of its gold reserves by 2020, gradually transferring it to gold vaults in Germany.
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Tuesday, January 22, 2013
German Gold Claw Back Causes Concern / Commodities / Gold and Silver 2013
Last week the Bundesbank (the German central bank) surprised markets around the world by announcing that it will repatriate a sizable portion of its gold bullion reserves held in France and the United States. To many, the news from the world's second largest holder of gold signaled a growing, if clandestine, mistrust among central banks, possibly fueled by diverging policy goals. The Germans have attempted to tamp down the alarm by highlighting the myriad of logistical, practical and historical reasons that qualified the announcement as unremarkable. But the size, scope, and timing of the move makes it hard not to draw more strategic conclusions.
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