Category: Gold and Silver 2013
The analysis published under this category are as follows.
Saturday, August 24, 2013
COMEX Gold Stocks Plunge To New Low as s JPM Takes a Large Delivery / Commodities / Gold and Silver 2013
By: Jesse
Registered (deliverable) gold on the COMEX fell to a new low as JPM took delivery of 28,809 ounces from Scotia Mocatta.
There were a few transfers from the Eligible to Registered category with the only one of note being 4,605 ounces at Scotia Mocatta.
Read full article... Read full article...
Saturday, August 24, 2013
Gold And Silver – Those Heeding Market Activity Are Being Rewarded / Commodities / Gold and Silver 2013
By: Michael_Noonan
Last week was an homage commentary to the market forces, what we always attribute as being the most reliable source of information. For the first time in many months, we began recommending the long side in futures, starting on 7 August: 19.42 for silver and 1308 for gold. We have been in and out a few times but continue to remain long, adding on Friday's strong rally.
The "news" has not changed all that much, with many PM proponents still promising the substantially higher prices. More articles are beginning to assert "Gold/Silver is ready for a substantial move higher," type-of-hype. Of course, these are the same people who have been singing the same tune for well over a year. The sin in lack of timing gets glossed over in the [old]"new" drumbeat.
Read full article... Read full article...
Saturday, August 24, 2013
A Quest For Gold and Silver Profitability / Commodities / Gold and Silver 2013
By: Richard_Mills
There's an interesting interview done by Geoff Candy over on mineweb. com. In the interview Geoff asks Gold Fields CEO, Nick Holland "What went wrong with the gold industry?" Holland's reply is very informative.
"I think if you go back to the late '90s when gold was at a low of about $250 per ounce the industry at that time was really hanging on by its teeth and in order to do so was high grading and if you look at the average grades companies were mining it exceeded the reserve grade and that was never sustainable.
Read full article... Read full article...
Saturday, August 24, 2013
Stock Market Ready for Further Growth? What Impact on Silver Price? / Commodities / Gold and Silver 2013
By: P_Radomski_CFA
According to Bloomberg, the Fed stimulus helped in pushing the S&P 500 up as much as 153% from its March 2009 low, as better-than-estimated corporate earnings also fueled equity gains. Of the 483 companies in the S&P 500 that have reported quarterly earnings this period, 71 percent surpassed profit estimates.
Saturday, August 24, 2013
Nanofiber and Silver Production / Commodities / Gold and Silver 2013
By: Dr_Jeff_Lewis
Silver production tends to center around two often unknown factors. First of all, many people seem unaware that byproduct mining is the primary source of new silver supply.Secondly, the broken price discovery mechanism for silver has resulted in artificially low prices that have led to the demise of many primary silver producers.
Read full article... Read full article...
Friday, August 23, 2013
Using Gold to Forecast Silver’s Final Blow-Off Rally / Commodities / Gold and Silver 2013
By: Hubert_Moolman
I have previously written about how gold can be used as a leading indicator for silver. Using this principle, there is an indication that we are at or close to the period for a 1979/1980 style rally in silver. The following is a simple concept but can make for some intense reading (a lot of concentration and possibly re-reading is required). Below is gold chart from 1968 to 1975:
Friday, August 23, 2013
China & India's Gold vs. Silver Imports Diverge as Analysts Warn on QE Taper / Commodities / Gold and Silver 2013
By: Adrian_Ash
The PRICE of gold held just shy of last week's 2-month closing high in London trade on Friday, retreating $10 from an overnight high of $1380 per ounce as world stock markets also held flat.
Silver prices were similarly unchanged for the day and the week, trading around $23.15.
Read full article... Read full article...
Friday, August 23, 2013
Gold Acts As A Safe Haven Against USD And GBP / Commodities / Gold and Silver 2013
By: GoldCore
Today’s AM fix was USD 1,374.50, EUR 1,028.59 and GBP 880.30 per ounce. Yesterday’s AM fix was USD 1,370.50, EUR 1,027.28 and GBP 879.60 per ounce.
Gold climbed $7.20 or 0.53% yesterday, closing at $1,374.60/oz. Silver rose $0.13 or 0.57%, closing at $23.05. Platinum surged $29.34 or 1.9% to $1,535.74/oz, while palladium climbed $10.85 or 1.5% to $752.35/oz.
Read full article... Read full article...
Friday, August 23, 2013
Goldman Sachs Got Us on Gold, They Won’t Get Us on Stocks / Commodities / Gold and Silver 2013
By: Profit_Confidential
Michael Lombardi writes:
This is a story of how the big banks pulled gold prices from under our feet, but why their plan for the stock market won’t pan out…
When gold bullion prices went into semi-crash mode in late spring of this year, some stories written by financial analysts suggest big banks colluding together to bring gold bullion prices crashing down. If you remember, The Goldman Sachs Group, Inc. (NYSE/GS) came out with a report saying gold bullion prices would go down…and magically, they did!
Friday, August 23, 2013
GOLD Price Sideways Within Larger Uptrend: Elliott Wave Analysis / Commodities / Gold and Silver 2013
By: Profit_Confidential
On Gold we are tracking a bullish continuation from 1272 that should be in five waves, because we are tracking wave C/3 which are both motive waves. Right now we can see only three completed legs, but current sideways price action seems like a fourth wave, so be aware of another rise in the near future, up to 1390-1400 zone.
Read full article... Read full article...
Friday, August 23, 2013
Reasons Why Gold Price Will Hit $5000/oz / Commodities / Gold and Silver 2013
By: Jim_Willie_CB
Back in November 2003, before the Hat Trick Letter was hatched and launched, a seminal article was written about 25 reasons why Gold will rise. It was updated afterwards, around 2008 with a couple more reasons. Given the extreme situation in the last few months, the entire outlook has changed. The gnarly intractable crisis began in late 2008 when Lehman Brothers failed, Fannie Mae was nationalized, and AIG was given a nationalist prop. In the last several months, the crisis has entered a new elevated level of perma-crisis and constant tension, widely recognized as something more serious, dangerous, and risk-filled.
Thursday, August 22, 2013
Gold and Silver Recover Fed Drop, S.African Mining "In Crisis" / Commodities / Gold and Silver 2013
By: Adrian_Ash
The PRICE of gold recovered overnight losses after the release of US Federal Reserve meeting notes in London trade Thursday morning, rising back to $1375 as major stock markets also rose with commodities.
The Dollar continued to strengthen, helping the gold price rally faster for non-US investors.
Thursday, August 22, 2013
Gold Investing, Not So Slim's Secrets / Commodities / Gold and Silver 2013
By: Adrian_Ash
Buying high and holding on with Mexico's bargain-hunting billionaire...
CARLOS SLIM HELÚ has a lot of money. Or rather, he owns a lot of assets. More than $73 billion-worth, according to Forbes magazine.
Wednesday, August 21, 2013
Silver Prices - The $100 History / Commodities / Gold and Silver 2013
By: DeviantInvestor
Step into the “Wayback Machine” and journey back in time to:
Wednesday, August 21, 2013
Is India Preparing to Confiscate its Citizens Gold? / Commodities / Gold and Silver 2013
By: Julian_DW_Phillips
In 1991, the Indian government pledged the nation's gold reserves against foreign loans that were provided to the nation from international sources. So they have already trodden the path of using gold to support their international presence and in international dealings.
The Indian Rupee exchange rate continues to decline, and far faster than other currencies. Over the last couple of years the Indian Rupee has fallen from Rs.42 to the dollar to the current rate of over Rs.63 to the dollar. While this reflects, in part, the withdrawal of 'hot money' (carry trade investments taking advantage of interest rate differentials between the dollar and the rupee) from the country, it also reflects the waning confidence in the Indian economy - although it continues to grow at over 5% -- and its currency. The Balance of Payments continues to worsen.
Read full article... Read full article...
Tuesday, August 20, 2013
What Happens When You Tell Indians to Stop Buying Gold / Commodities / Gold and Silver 2013
By: Frank_Holmes
India’s demand for gold during the second quarter of 2013 topped all other countries, according to the latest World Gold Council data. As noted by GoldCore, the demand for gold in India rose to its “highest in the last 10 years,” with jewelry, bars and coins demand, capping 310 tons during the period.
Tuesday, August 20, 2013
Silver To Rally Due To Coming Dow Stock Market Crash / Commodities / Gold and Silver 2013
By: Hubert_Moolman
Since the last update, the Dow has had a rally which exceeded the previous all-time high. The rally appears to be nothing significant, since it was likely just a retest of the previous breakdown – See the Dow -chart below (from freestockcharts.com):
Tuesday, August 20, 2013
U.K. Gold 'Exports' To Switzerland Explode Due To Allocated and Asian Demand / Commodities / Gold and Silver 2013
By: GoldCore
Today’s AM fix was USD 1,365.75, EUR 1,020.28 and GBP 871.29 per ounce.
Yesterday’s AM fix was USD 1,375.25, EUR 1,031.39 and GBP 878.47 per ounce.
Gold fell $6.40 or 0.47% yesterday, closing at $1,366.60/oz. Silver edged down $0.02 or nearly 0.09%, closing at $23.16. Platinum fell $14.52 or 1% to $1,504.49/oz, while palladium was down $10.75 or 1.4% to $749.75/oz.
Read full article... Read full article...
Tuesday, August 20, 2013
Drivers for Silver Price Up Trend / Commodities / Gold and Silver 2013
By: Money_Morning
Tony Daltorio writes: After slipping nearly 40% this year by June, silver prices today have rebounded, and now trade near $23 an ounce. Silver ended the week up 14%.
This puts the precious metal at a level not seen since May.
There are several reasons for this move up in silver prices - reasons that will carry silver prices to $40 an ounce - and then $60 an ounce - by 2014.
Read full article... Read full article...
Tuesday, August 20, 2013
Gold Bugs Will Love This Gold Price Chart / Commodities / Gold and Silver 2013
By: Money_Morning
David Zeiler writes: There's no shortage of catalysts pushing gold prices higher, but now gold bugs have another...
A technical analysis of the chart depicting gold's rocky ride over the past nine months shows that gold prices have only just begun to break out to the upside.
Read full article... Read full article...