Category: Gold and Silver 2013
The analysis published under this category are as follows.Friday, October 11, 2013
Long Gold, Short Silver And Exponential Demand / Commodities / Gold and Silver 2013
Each day more conspiracy theories are becoming conspiracy fact. From Enron to Madoff, the NSA to LIBOR, these scandals were "known" years before being acknowledged or embraced by officials or the mainstream media.
What remains unknown is the distortion this "new reality" will have on behavior and ultimately, the market and nowhere has the distortion been allowed to continue for as long as that associated with the Precious Metals.
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Friday, October 11, 2013
The UK Fuddles Its Way To Energy Crisis / Commodities / Gold and Silver 2013
THE US PREFERS DEBT CRISIS
For people outside the US its easy to laugh at America’s political system, which is once again showing itself to be hopelessly defective as it trundles the nation towards a possible default on its debt – about a half of which is held by non-Americans. In a development oozing geopolitical significance, China and Japan, America’s top creditors, have already made their stress and displeasure known in no uncertain terms. In the case of Japan, it was forced to step in and offer to pay for the US removal of its Okinawa base dating from World War II, because the US can't afford to remove it. China and other countries including Australia have warned they will increasingly not use dollars in their foreign trade.
Thursday, October 10, 2013
The Calm Before the Gold and Silver Precious Metals Storm / Commodities / Gold and Silver 2013
The financial hurricane hit the world in 2008 destroying huge swaths of assets, real estate valuations, numerous banks and financial institutions. As the storm cleared, the Fed and central banks stepped in by flooding the world with money to supposedly assist in dealing with the damage while providing special programs to rid the banks of debris and garbage clogging up their businesses.
After trillions of dollars of so-called monetary assistance, the financial damage appears to be repaired giving the public a false sense of security that the storm has finally passed. Unfortunately, the world has only dealt with the first part of the storm and is now sitting in the eye of the financial cyclone.
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Thursday, October 10, 2013
Gold Markets Are Not Efficient, Don't Reflect Fundamentals and Understate Market Value / Commodities / Gold and Silver 2013
It may be in the reader's mind that somehow all gold markets come together at some point and an exact representation of demand and supply is given by the gold price. The reality is that most markets are entirely separate from each other and reflect the buying and selling in that individual market only.
These markets are only joined by the 'arbitrage' activity, usually only by the professionals in the market -- banks mainly -- who can both electronically and physically move gold from one market to another.
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Thursday, October 10, 2013
Stay Away from Gold Says Morgan Stanley as India Doubles Silver Imports / Commodities / Gold and Silver 2013
WHOLESALE PRICES in Asia and London for physical gold slipped again Thursday morning, dipping back below $1300 per ounce as politicians in Washington mulled a short-term fix to avoid the $17 trillion debt ceiling triggering a government default in one week's time.
Silver also eased back, trading below $22 per ounce, as world stock markets rose and major government bonds slipped, nudging 10-year US Treasury yields up to 2.70%.
Thursday, October 10, 2013
Gold Bullion Market's Big Issues / Commodities / Gold and Silver 2013
Price action isn't the big players' big concern in gold and silver right now...
"FAITH and RELIGION," said Edel Tully of UBS, the Swiss investment and bullion bank.
"Those were key themes," she said, summing up this year's LBMA conference last Tuesday evening.
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Wednesday, October 09, 2013
Gold Bullion Continues to Drain Out of COMEX / Commodities / Gold and Silver 2013
It was announced this evening that President Obama will nominate Janet Yellen as the new Fed Chairman tomorrow, having been denied his first choice of Larry Summers by popular outrage.
There were big adjustments in the registered (dealer) gold inventories at JPM and HSBC yesterday as a total of over 40,000 ounces of gold bullion moved back to the customer storage category.
Wednesday, October 09, 2013
Yellen's Fed News Fails to Shake Gold's Lethargy, Goldman Targets $1050 / Commodities / Gold and Silver 2013
The WHOLESALE price of gold gave back this week's 1.4% gains Wednesday morning in London, dropping below $1310 per ounce as European shares recovered earlier losses.
Commodities ticked lower, as did non-US government bonds, while silver followed gold lower, but retained a 1.0% gain for the week so far.
Tuesday, October 08, 2013
Fueling The Gold Fire / Commodities / Gold and Silver 2013
Gold took quite a beating in September, bucking its seasonal average monthly return of 2.3 percent. The political battle between President Barack Obama and Congress, China’s Golden Week, and India’s gold import restrictions likely weighed on the metal.
September’s correction only adds to the negative sentiment toward the precious metal. The assumption from many market pundits is that gold is no longer attractive as an investment. With rising rates and continuing low inflation, U.S. investors believe they have a solid case for selling their holdings.
Tuesday, October 08, 2013
Bearish Western Gold Analysts, Whilst Chinese Imports Show Another 100-Tonne Month / Commodities / Gold and Silver 2013
The PRICE of gold halved yesterday's gains in London trade Tuesday morning, slipping below $1320 per ounce as European stock markets extended their drop and the US government shutdown continued.
Silver fell less than gold, edging back towards $22.20 from a new 3-week high hit overnight at $22.46 per ounce.
Monday, October 07, 2013
U.S. Government Shutdown Gold Fuel / Commodities / Gold and Silver 2013
The shutdown, albeit it temporary, of much of the U.S. government has drawn both fierce and mixed emotions. On one hand are those that believe a day without government is day with greater liberty. The other group is upset that government is prevented from repressing the spirits of a free economy. Regardless of which group you find yourself, as an investor one should recognize that the shutdown will increase the availability of the fuel necessary to push the price of Gold higher.
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Monday, October 07, 2013
Sense of Calm Keeps Gold Flat Despite Threat US Won't Pay Its Bills / Commodities / Gold and Silver 2013
PRECIOUS METAL prices were unchanged in what dealers called "thin, quiet" Asian and London trade Monday morning, despite increasing fears the US government will fail to meet its obligations in only 10 days' time.
"Congress is playing with fire," Treasury secretary Jack Lew told CNN on Sunday. Because "if the United States government, for the first time in its history, chooses not to pay its bills on time, we will be in default.
Monday, October 07, 2013
Comprehensive Look at the Gold and Silver Stock Indexes / Commodities / Gold and Silver 2013
In this Report I want to continue looking at the precious metals stock indexes and the consolidation patterns that have been building out since the June low. The reason I’m spending so much time looking at this possible consolidation area is so you can get a feel, in real time, how breakouts and backtest work. There is no better way to learn how the markets work than to watch how things unfold moment by moment. Its easy to say after the fact, yes I should have done this or that, but real time doesn’t give you the luxury of 20/20 hindsight.
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Monday, October 07, 2013
Silver Price Targets $31 Before of End 2013 / Commodities / Gold and Silver 2013
The reason for posting a new Silver Market update at this juncture is that we appear to be at an optimum 'buy spot', for gold, silver and Precious Metals ETFs and stocks, as both gold and silver have dropped back in recent weeks to mark out the Right Shoulder low of what is believed to be a large Head-and-Shoulders bottom.
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Monday, October 07, 2013
Gold Price Trend Forecast Into the End of 2013 / Commodities / Gold and Silver 2013
The reason for posting a new Gold Market update at this juncture is that we appear to be at an optimum 'buy spot', for gold, silver and Precious Metals ETFs and stocks, as both gold and silver have dropped back in recent weeks to mark out the Right Shoulder low of what is believed to be a large Head-and-Shoulders bottom.
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Sunday, October 06, 2013
What Did Congress Do to Gold Prices? / Commodities / Gold and Silver 2013
Sean Brodrick writes: The U.S. government is in crisis. After all, the government failed to pass a continuing resolution to fund government operations on Monday. The U.S. dollar fell.
But many traders are left wondering, “If it’s such a crisis, why isn’t gold doing better?” The last time we had this scenario, in December 1995, gold moved higher. But this time, gold tanked. Seems weird, right?
Sunday, October 06, 2013
Sillver - QE4ever, POMO4ever, Nevermore4ever / Commodities / Gold and Silver 2013
The central bankers have no rudder, adrift in a sea of fiat, taking everybody with them. Witness Cyprus and Greece being forced to walk the plank. Those who choose to stay on this Ship of Fools will suffer the same fate, even worse as the growing panic emboldens banker reactions.
Unless one has become anesthetized to the proverbial handwriting on the wall, symptoms are teeming all around. Barack "Yes We Can" [more than double the debt] Obama told everyone, promised everyone that he would cut the deficit in half. What he did not say is cutting it in half would then be the measure by which it would multiply. Issuing fiat does one thing and one thing only: it robs everyone of whatever value they have. It is a hidden transfer of wealth from you to the government, plain and simple.
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Saturday, October 05, 2013
Gold And Silver Central Bank Death Dance, Good News/Bad News / Commodities / Gold and Silver 2013
Last week, we began an article on the Central Bank Death Dance, and made it part 1, [here]. The main premise we want to address is why the broadly known demand factors for gold and silver are not being reflected in higher values.
People are not asking the right question[s] in determining that answer. What few are considering, or may not be aware of, is the US government defense of its fiat currency. Part 1 attempted to put the fiat Federal Reserve Note into its true context, for its defense is what keeps gold and silver at purposefully suppressed levels.
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Saturday, October 05, 2013
The Fed, Gold and Jobs / Commodities / Gold and Silver 2013
Miguel Perez-Santalla writes: How Labor Force Participation tells a different story about gold from the headline data...The most important part of an economy is simply employment. To ignore or sideline the importance of unemployment statistics is foolish. Including when you are considering what's happening to investments, including gold.
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Friday, October 04, 2013
Gold and Emperors With No Clothes - From Nero To Nixon To Obama / Commodities / Gold and Silver 2013
Today’s AM fix was USD 1,316.00, EUR 967.01 and GBP 817.04 per ounce. Yesterday’s AM fix was USD 1,309.00, EUR 961.58 and GBP 806.63 per ounce.
Gold inched up $1.40 or 0.11% yesterday, closing at $1,317.40/oz. Silver remained unchanged closing at $21.70. Platinum climbed $10.10 or .74% to $1,372.40/oz, while palladium climbed $3.47 or 0.5% to $700.47/oz.
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