Category: Gold & Silver 2009
The analysis published under this category are as follows.Wednesday, April 08, 2009
Gold Sales – Scams and Big Money / Commodities / Gold & Silver 2009
Today I am offering some information on the hidden world outside the mainstream gold trade and investment scene. There is much ignorance and confusion on the subject – scams, victims, criminals, legitimate business and big money. It is an essential trade for many economies and for people that rely on gold sales for their survival. What a great subject – intrigue, scandal, danger, survival, opportunity and excitement!Read full article... Read full article...
Wednesday, April 08, 2009
Inflationary Economic Stimuli Bullish for Gold Prices / Commodities / Gold & Silver 2009
THE PRICE OF PHYSICAL GOLD pushed higher as world equities fell early Wednesday, rising above last week's close against both the Euro and British Pound.
Recovering all but $5 of Monday's sharp $30 drop for US investors, the Gold Price then dropped back to $883 an ounce.
Read full article... Read full article...
Wednesday, April 08, 2009
Fear of Severe Inflation Driving Investors into Gold / Commodities / Gold & Silver 2009
Gold rose 1.2% yesterday from oversold levels (silver +0.9%) despite stock markets falling, the dollar strengthening and oil falling for a second day. The rally has continued in Asian and early European trading as equities are again under pressure and gold is again receiving a safe haven bid.Read full article... Read full article...
Wednesday, April 08, 2009
Flow-Through Financing - A Win-Win for Junior Miners and Investors / Commodities / Gold & Silver 2009
An enviable finance vehicle available only in Canada allows junior miners to "flow-through" their exploration expenses to their Canadian investors. In return, investors enjoy significant tax breaks and ownership in resource stocks. This week, The Gold Report caught up with Ronald J. Wortel, MBA, P.Eng., E.V.P. of mining investments for MineralFields Group, an industry leader in such investments. In this exclusive interview, Ron explains the prospects and profits borne of these mutually beneficial financing arrangements.Read full article... Read full article...
Tuesday, April 07, 2009
Gold Rallies Despite U.S. Dollar Strength / Commodities / Gold & Silver 2009
Gold fell a further 2.7% yesterday (silver nearly 4.8%) as the animal spirits from the G20 communiqué and much vaunted IMF gold sales led to further selling and the shorts continued to press their advantage. Dollar strength and oil weakness also contributed to the sell off yesterday.Read full article... Read full article...
Tuesday, April 07, 2009
Gold Follows U.S. Dollar Higher as Stocks and Crude Oil Fall / Commodities / Gold & Silver 2009
THE PRICE OF GOLD bounced overnight Tuesday in Asia, regaining two-thirds of yesterday's sharp losses against everything except the US Dollar, which rallied hard from one-month lows on the currency market.World equities added to yesterday's losses on Wall Street, dropping back below 4,000 on the FTSE100 here in London.
Read full article... Read full article...
Monday, April 06, 2009
Gold Continues to Trend Lower / Commodities / Gold & Silver 2009
Spot gold prices continue lower this morning. Last Thursday's weakness and close beneath a 6-month trendline ($908) precipitated additional selling pressure that has continued into this morning's reaction low at 873.00 – so far. Let's notice that the 200-day moving average now is slightly rising at $860.75, with the daily RSI pointed down and making new lows for this move. The juxtaposition of the declining RSI with the falling price structure argues for still-lower prices that likely will test the 200 DMA in the upcoming hours.Read full article... Read full article...
Monday, April 06, 2009
Gold and Safe Havens Tumble as Commodities and Stocks Rise / Commodities / Gold & Silver 2009
THE SPOT-MARKET PRICE of physical gold fell to a 10-week low against the US and Canadian Dollars in Asia on Monday, falling 2.5% as world stock markets rose again and commodity prices reached a four-month high.Read full article... Read full article...
Monday, April 06, 2009
Gold Falls, Will it Rebound? / Commodities / Gold & Silver 2009
Gold fell 2.85% (silver -3.9%) last week as risk appetite returned due to the G20 communiqué. The selloff has continued in Asia this morning and gold fell to a low of $873/oz prior to rebounding somewhat.Read full article... Read full article...
Sunday, April 05, 2009
Gold Short-term Bearish Signals / Commodities / Gold & Silver 2009
It wasn't such a good week for gold and it looks like the coming week may not be that great either. My short term moving average of the price of gold has just moved below my intermediate term moving average price. This is very often a warning that a short period of negative prices is upon us. But why would gold want to go lower?Read full article... Read full article...
Friday, April 03, 2009
Has the G-20 Saved the Financial World? Gold Bull Market Over? / Commodities / Gold & Silver 2009
The G-20 has authorized $1 Trillion in Funding for the I.M.F. The Trade package and the beefing up of the I.M.F. were achieved how? Through the synthetic currency of the I.M.F. the S.D.R. . [the Special Depository Receipts] and additional U.S.$ to boost the body internationally. This new money is being freshly printed. Yes, they are ‘created'. Just as “Quantitative Easing” relies on newly issued dollars, so does the international funding the G-20 has issued. The difference is that this policy is an international issue of money so will not be seen in any national context.Read full article... Read full article...
Friday, April 03, 2009
Gold and Silver- To buy or not to buy – That is the question / Commodities / Gold & Silver 2009
Historically, and based on 35 years of data, gold usually puts in a bottom in March and a top in April. We've had the bottom in March (on March 18 th ), and we await a top in April.
This top in April usually lasts for several months, resulting in sideways action with a downward bias and another buying opportunity in June or July.
Read full article... Read full article...
Friday, April 03, 2009
Gold Bouncing Around $900 on Further Bad U.S. Jobs Data / Commodities / Gold & Silver 2009
THE PRICE OF PHYSICAL GOLD slipped in a tight range near yesterday's two-week lows early Friday, bouncing around $900 an ounce for US investors as the 3-day jump in world stock markets faded.New data showed the US shedding jobs at a faster pace in March. A revision to Jan.'s figure pushing total job losses so far in 2009 above two million.
Read full article... Read full article...
Friday, April 03, 2009
Silver Market Forecast for 2009 and 2010 / Commodities / Gold & Silver 2009
silberinfo: David, 2008 had a great beginning with silver over $21 but it ended poorly. From a fundamental point of view not much has changed. Why the high volatility?
D. Morgan : From my perspective the market was overbought in March 2008 and in fact I sent a sell signal to all Morgan Report subscribers telling them to take some money off the table. Many did. I did not put out a buy signal until September 2008 but was too early and watched the market go down further. The last buy signal was around the 10th of December 2008, after the metals market had made a clear bottom. We have already taken partial profits on that.
Read full article... Read full article...
Friday, April 03, 2009
Bob Prechter on Silver & Gold / Commodities / Gold & Silver 2009
In case you hadn't noticed: Over the past year of financial turmoil, the "safe haven" premium of precious metals has offered about as much support as a rubber ducky in a tsunami. Despite a string of powerful rallies, silver and gold remain well below their March 2008 peaks.Read full article... Read full article...
Thursday, April 02, 2009
G20 on IMF Gold Sales and SDRs / Commodities / Gold & Silver 2009
"...Additional resources from agreed sales of IMF gold will be used, together with surplus income..."
APRIL FOOL'S CAME a day late to the gold market this week.
Thursday, April 02, 2009
Gold Falls as G20 Fight Deflation by Any Means / Commodities / Gold & Silver 2009
THE PRICE OF physical gold fell against all major currencies early Thursday, dropping 2% versus the Dollar as global stock markets jumped and Treasury bonds were sold lower.Crude oil bounced hard, back above $50 per barrel, as base metals and foodstuffs crept higher.
Read full article... Read full article...
Thursday, April 02, 2009
Gold Extra Scrap Supply Countered by Middle East Demand / Commodities / Gold & Silver 2009
Gold rose slightly yesterday as the dollar fell out the outset of the G20 Summit in London. In trading in London, gold is down some 1% this morning as risk appetite returns to markets with stocks surging internationally.Read full article... Read full article...
Wednesday, April 01, 2009
When Gold Ruled the Earth, Part I / Commodities / Gold & Silver 2009
"Gold's investment performance has dominated this decade. How come so few people have noticed...?"
NO FOOLING! It doesn't matter which currency you earn, spend or invest, gold bullion has been the best-performing asset class bar none this decade.
Read full article... Read full article...
Wednesday, April 01, 2009
Gold Sentiment and Trend Analysis / Commodities / Gold & Silver 2009
In recent writings I have forecasted a consolidation or small correction in Gold. It rebounded $300/oz while most markets sputtered. Yet, at $1,000/oz Gold was overbought and meeting technical resistance while stock indices and commodities were in the process of bottoming. As predicted, the Fed's monetization and “reflation” trade has thus far failed to lift Gold past $1,000/oz. Money is moving into other markets at a time when Gold is relatively extended, but extremely extended in relation to these other markets. Various sentiment data provide us with greater confirmation that the ancient metal of kings is in a period of consolidation.Read full article... Read full article...