Category: Gold & Silver 2009
The analysis published under this category are as follows.Friday, December 04, 2009
Gold Sinks Through $1200 on U.S. Jobs Data / Commodities / Gold & Silver 2009
THE PRICE OF GOLD sank through $1200 an ounce for the first time in 3 days on Friday, falling fast to $1190 and below on news that US unemployment rose by just 11,000 last month.
Wall Street analysts had expected 111,000 job losses for November. The unemployment rate ticked down to 10.0%.
Friday, December 04, 2009
What Should Gold and Silver Investors Do Now? / Commodities / Gold & Silver 2009
A change of market - Understanding fundamentals - We have talked about a complete change of tone and shape in the market place in the last few weeks that has altered the future of gold. It has taken 10 years for this to happen, but it is here at last.
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Friday, December 04, 2009
Gold Market Awaits U.S. Unemployment Report / Commodities / Gold & Silver 2009
Gold touched $1,211.72/oz overnight but has since pulled back. Gold is currently trading at $1,203.70/oz. In EUR and GBP terms it is trading at €799.11/oz and £724.34/oz respectively.
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Friday, December 04, 2009
What Will Happen When China Catches Gold Fever? / Commodities / Gold & Silver 2009
The calls grow louder and louder each trading day if one listens to the financial news. And I am starting to realize they may be right. Gold could be in a bubble. In fact, this is why I invested in Gold in the first place years ago. It was because I thought Gold would be the next bubble and would make me a lot of money.
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Thursday, December 03, 2009
Gold Plated Tungsten Bars, Yes or No? / Commodities / Gold & Silver 2009
The gold world has been ablaze for the last few weeks with a sensational story from fifteen years ago that the US government allegedly manufactured/bought some 1.3 to 1.5 million 400 oz, gold-plated, tungsten bars. Some 640,000 of these bars were allegedly stored at Fort Knox, and the balance was sold/shipped to central banks/other parties around the world.&
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Thursday, December 03, 2009
Gold Price Going to Run High Until it is Exhausted / Commodities / Gold & Silver 2009
THE PRICE OF WHOLESALE gold hit yet another record high against all major currencies bar the Aussie Dollar and Japanese Yen on Thursday, peaking above US$1226 an ounce at lunchtime in Hong Kong.
"Volumes are thin. There is less buying in the physical market, and scrap seems to be entering the market faster," says Walter de Wet at Standard Bank.
Thursday, December 03, 2009
Christmas and Chinese New Year Makes December a Good Month for Gold / Commodities / Gold & Silver 2009
Gold reached a new nominal high overnight of $1,226/oz. Gold is currently trading at $1,218.40/oz and in euro and sterling terms, gold is trading at €807/oz and £732/oz respectively.
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Thursday, December 03, 2009
Gold Booms in the Dubai Aftermath / Commodities / Gold & Silver 2009
Here in Britain we’re use to bad weather, it’s been frosty and raining here all week. It gives us our sense of humour we tell ourselves as we step out the door and open the umbrella. But there are times when you get caught out. Times when everything looks rosey outside but then suddenly the clouds form and the skies open up and the rain poors down.
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Wednesday, December 02, 2009
Gold Nexus for Powerful Struggle Underway for New Global Financial World Order / Commodities / Gold & Silver 2009
Gold Desafio: Global Struggle - The gold market has become, despite little recognition by the financial press, the battlefield for global control of the financial world. To the winner go the spoils and access to the helm. To the winner goes control of global banking, dominance in commerce, and the advantage in some degree of printing money on a credit card that all nations must finance indirectly. Nevermind the military aspect. In the Untied States, the custodial control of the USDollar as global reserve currency enabled it to spawn numerous syndicates with criminal impunity, since under the USGovt aegis (if not management).
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Wednesday, December 02, 2009
Investors Be Smart, Buy Gold and Diversify / Commodities / Gold & Silver 2009
How the government tries to fleece you and what you can do about it
After a relaxing Thanksgiving break, I anticipated to return to work in a lighter frame of mind. However, the following item from FOX News crushed that hope right away:
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Wednesday, December 02, 2009
The Recurring Gold Price Bubbles / Commodities / Gold & Silver 2009
A lot of people are getting all worked up about the rising price of gold. Some say the current move has gone "parabolic" and that we're in the midst of a "blow-off top" akin to the early 1980s peak that saw the gold price disappoint investors for years afterward.
Just this morning, Hu Xiaolian, a vice-governor at the People's Bank of China, called gold a bubble and implied that the central bank wasn't much interested in buying thousands more tonnes of bullion as bank reserves at current prices.
Wednesday, December 02, 2009
Four Reasons Why Silver Will Outperform Gold / Commodities / Gold & Silver 2009
Again in 2009, silver has waltzed from its lows to create returns considerably higher than gold in the same time period. However, why should one precious metal outperform another?
Rarity
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Wednesday, December 02, 2009
Is This Your Last Chance to Buy Precious Metals Cheaply? / Commodities / Gold & Silver 2009
Long-term investors and analysts alike are siding with precious metals, virtually exclaiming that a surge in precious metal prices is in the future. These investors are finding that today's high inflation, excessive government bailouts, and incredibly low interest rates are a perfect mix for higher silver prices.
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Wednesday, December 02, 2009
Gold $1,200 Means Defacto Resurrection of the Gold Standard / Commodities / Gold & Silver 2009
One-way bets against the US-dollar have been building-up over the past eight-months, and are now estimated to total about $550-billion, in what’s popularly dubbed the US-dollar “carry trade.” Its predecessor, the infamous “yen carry” trade, also gained a lot of notoriety, when the Bank of Japan pegged its interest rates far below those of any other economy on the planet. At its peak in the summer of 2007, the “yen carry” trade grew in size to $1.2-trillion, providing the high-powered octane that pumped-up commodity and stock markets worldwide.
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Wednesday, December 02, 2009
Gold vs. Fiat Currencies and Sentiment / Commodities / Gold & Silver 2009
Figure 1 is a weekly chart of gold (cash data) through last week's close. The indicator in the middle panel measures gold's 52 week performance relative to a basket of 8 currencies.
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Wednesday, December 02, 2009
Gold Relentless in its Surge Higher Above $1200 / Commodities / Gold & Silver 2009
THE SPOT GOLD PRICE raced to new all-time highs overnight Wednesday, rising 1.3% from yesterday's peak to hit $1217 an ounce at the start of London trade.
The gold price in Euros broke above €800 an ounce for the first time ever, and broke new records against all other major world currencies bar the Aussie Dollar and Japanese Yen.
Wednesday, December 02, 2009
Gold Surges as Competitive Currency Devaluation and Debasement Continues / Commodities / Gold & Silver 2009
Gold reached a new nominal high overnight of $1,216.73/oz. Gold is currently trading at $1,214.40/oz and in euro and sterling terms, it is trading at €804/oz and £731/oz respectively.
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Wednesday, December 02, 2009
Jim Rogers Says Government Budget Deficits Pushing Up Gold Prices / Commodities / Gold & Silver 2009
What is the real reason behind the historic rise in gold prices? Futures and spot prices of gold across global commodity bourses and bullion markets have been surging for the past few months. Gold price touched a high of $1195 per ounce in the last week of November.
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Wednesday, December 02, 2009
The Global Gold Bull Market / Commodities / Gold & Silver 2009
Does anyone remember how so called Gold experts (like Jon Nadler over at Kitco.com) were recently saying that the move in Gold wasn't meaningful because it was only making new highs in U.S. Dollar terms? Are all those experts currently publishing articles to admit how they were pretty far off base? Since I already know the answer to this question, here's a 1 year price of Gold priced in Euros (from goldprice.org):
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Wednesday, December 02, 2009
Silver's Turn to Shine / Commodities / Gold & Silver 2009
Not that there's a link between the two, but as the legendary Peter Grandich celebrates his silver anniversary as a market commentator, he tells The Gold Report in this exclusive interview that having been left behind in the big run-up in gold, silver's time has come to steal the limelight for a while. Peter, who started publishing The Grandich Letter 25 years ago and this month celebrates his first anniversary as Agoracom's market analyst too, also considers the current stock market rally as a gift delivered in the eye of the storm. Longer term, he expects America's underlying economic problems to result in prolonged sagging trading performance such as Japan has experienced over the past 20 years. Accordingly, he's alerting investors "to remove their bullish hats if they're still wearing them." As Peter's motto goes, "It's better to be a live chicken versus a dead duck."
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