Category: Gold & Silver 2009
The analysis published under this category are as follows.Saturday, May 09, 2009
Gold's Weak Rally Lags Silver Real Strength / Commodities / Gold & Silver 2009
Gold seems to want to move but is having a rough time of it. The strength behind the recent advance seems to be somewhat pathetic. Let’s go to the charts and indicators.
GOLD : LONG TERM
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Friday, May 08, 2009
Gold Means Security, Liquidity & Diversification / Commodities / Gold & Silver 2009
"I know the Government are intent on decimating the country's gold reserves...to replace them with a whole series of overseas currencies. [Yet] they are not only selling gold but devaluing our remaining gold supplies by announcing their intention to sell in advance, which leads to a lower price on sale..." Nick Gibb MP, debating the UK Finance Bill, 13 May 1999
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Friday, May 08, 2009
Gold Bull Market Momentumn Building / Commodities / Gold & Silver 2009
THE SPOT PRICE of gold rose for the sixth session running on Friday, reaching the best Gold Fix in London in five weeks before dropping half-a-per-cent – and outpacing a drop in the Dollar – as world stock markets and commodities also slipped back.
The Euro jumped above $1.35 to the Dollar for the first since April 5th on news of smaller-than-expected US job losses last month.
Friday, May 08, 2009
Upside Down Gold Trend and the Great Credit Contraction / Commodities / Gold & Silver 2009
John Exter was an internationally known banker and a gold bug in the true sense of the word. He graduated from Harvard and was present when Keynesian economics first came to the fore. He lived through World War I, witnessed the founding of the Federal Reserve, the Great Depression, and the establishment of the International Monetary Fund (IMF). He also presided over the New York Federal Reserve Bank. Mr. Exter’s work can be found on the Internet with a simple Google search.
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Friday, May 08, 2009
Gold Rises on Investor and Central Bank Demand / Commodities / Gold & Silver 2009
Gold rose for the fourth day yesterday and is up some 3.5% so far this week and set to complete a very strong week. As expected, under reported and leveraged silver has outperformed gold and surged more than 12% this week. A close above $14.60/oz, could see silver again challenge recent nominal highs at $20.88/oz.
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Thursday, May 07, 2009
Silver Leads Gold Higher as U.S. Dollar Teeters on the Brink / Commodities / Gold & Silver 2009
In a bizarre exercise intended to defend legitimacy, the bankers are engaged in a complex game of propaganda. They pressured the USCongress to relieve Wall Street from the chains of FASB Rule #157, and the senators & representatives obeyed their paying masters. The result has been a baseless stock rally led by insolvent banks that have lied desperately about their capital and earnings. The announced audited Citigroup profit of $1.6 billion in the first quarter was actually a deep $2.5 billion loss, provided the $4.1 billion in gimmickry was removed. The gimmicks pertained to toxic assets valued at fictitious model, shell games on loss reserves management, and illicit debt markdowns on the balance sheet. Thanks to Martin Weiss for the autopsy of Citigroup, the biggest zombie strutting in the global financial sector.
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Thursday, May 07, 2009
Gold Today and Nasdaq 1995, Secular Bull Market Fundementals / Commodities / Gold & Silver 2009
There are technical and fundamental similarities in all bull markets. In the case of Gold today and the Nasdaq in the mid 1990s, there are several key technical similarities. I will show these in two charts.
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Thursday, May 07, 2009
How Will Chinese Central Bank Gold Buying Impact the Gold Price Short and Long-Term? / Commodities / Gold & Silver 2009
Hu Xiaolian, head of the State Administration of Foreign Exchange (SAFE) informed us last week that the country's gold reserves had risen by 454 tonnes from 600 tonnes since 2003, when China last adjusted its state gold reserves figure.
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Thursday, May 07, 2009
Gold Hits 5-Week High as ECB Admits to "Quantitative Easing" / Commodities / Gold & Silver 2009
THE PRICE OF PHYSICAL gold spiked to its highest level since the start of April in London trade on Thursday, jumping above $923 before slipping $7 per ounce as the forex, commodity and equity markets leapt on a move to "Quantitative Easing" by the European Central Bank (ECB).
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Thursday, May 07, 2009
Gold Price Technical Analysis: Major Trend Direction / Commodities / Gold & Silver 2009
Today we're going to take a look at the gold market. While many traders have been frustrated with this market for the past several month, it has in fact performed quite well given the generally negative feeling for most markets.
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Wednesday, May 06, 2009
Gold Rises on Safe-Haven Demand / Commodities / Gold & Silver 2009
THE SPOT PRICE of Gold rose early Wednesday in Asia and London, recording a morning Gold Fix of $903.50 an ounce as emerging-world stock markets rose yet again, adding 41% from March's low.
Base metals and energy prices also pushed higher, and crude oil broke back above $54 per barrel as government bond prices fell.
Wednesday, May 06, 2009
Why Gold Looks Ready to Move Much Higher / Commodities / Gold & Silver 2009
Claus Vogt writes: I want to start off my first regular Money and Markets column with a simple statement: I am not a hardcore gold bug.
In other words, I am not always out looking for reasons to justify owning gold. I do not even believe gold is a productive asset!
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Wednesday, May 06, 2009
Gold to Remain Firm Due to Inflationary Pressures / Commodities / Gold & Silver 2009
Gold and silver rose marginally yesterday as the dollar again fell. Gold initially surged gold to over $914/oz (from $901/oz) prior to determined selling capped the price and saw it again fall below the psychologically important $900/oz mark. Silver was again more resilient and rose 2.8% to $13.40/oz. Both have gradually eked out gains in Asia and early European trading.
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Tuesday, May 05, 2009
Gold Jumps as U.S. Dollar Falls / Commodities / Gold & Silver 2009
THE SPOT PRICE of physical gold leapt 1.4% for US investors early Tuesday, unwinding the final third of last week's losses as the US Dollar fell hard on the currency market.
Retouching a one-week high for UK and European buyers – even as the Euro moved back above $1.34 and the British Pound broke its best level in 2009 at $1.51 – the Gold Price rose alongside Asian and London stocks, which added to Monday's sharp gains on Wall Street.
Tuesday, May 05, 2009
Gold and Silver Falling Despite Bullish Fundementals / Commodities / Gold & Silver 2009
Gold and silver both fell some 3% last week despite increasingly bullish technicals and fundamentals. Risk appetite remains high as seen in equity markets onward advance in the face of falling earnings and latent risk. Yesterday gold and silver soared as US stock markets opened and eked out strong gains of 1.8% and over 4% respectively, erasing last week’s losses.
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Monday, May 04, 2009
The MOST Important Investment You Can Make! / Commodities / Gold & Silver 2009
Larry Edelson writes: Now, to be sure all my readers know what I consider the most important investment you can make, or will ever make, in addition to reading my column published last Monday on my top three gold mining shares, today I want to make absolutely certain you also own physical gold.
Why? Because no portfolio is safe from today’s whirlwind of events and economic forces without gold.
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Monday, May 04, 2009
New Upleg for Silver SLV ETF? / Commodities / Gold & Silver 2009
Increasingly from a technical perspective the mid-April low at 11.64 in the iShares Silver Trust ETF (NYSE: SLV) appears to have ended a correction off of the Feb high at 14.45 and as well as initiated a new upleg that should hurdle a 10-month resistance line at 13.00 on the way to a test and hurdle of 14.45. At this juncture only an inability to hurdle 13.00 followed by a decline that breaks 12.20/15 will compromise the developing upmove.
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Monday, May 04, 2009
Gold and Silver Analysis and Trading Special Report / Commodities / Gold & Silver 2009
Gold and silver have been making a nice controlled pullback since their high in February. With precious metal prices drifting lower making clean looking waves like these it’s generally a sign of profit taking before another move higher.
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Sunday, May 03, 2009
Gold and Silver Bearish Trend Continues / Commodities / Gold & Silver 2009
Another down week for the precious metals. Neither gold nor silver seem to be able to get any steam behind their moves. Maybe there is still more down side to come. Let’s see if that 200 day moving average will hold.
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Saturday, May 02, 2009
Where to Find the Best Deals in Physical Gold / Commodities / Gold & Silver 2009
Jeff Clark writes: When gold breeched $1,000 an ounce this February, the mass media was full of reports of unprecedented coin demand and long wait times for bullion buyers. You couldn't open the paper without seeing a piece about the gold rush.
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