Category: Gold & Silver 2009
The analysis published under this category are as follows.Wednesday, April 01, 2009
Gold Up as G20 Battle-Line Drawn Between Franco-Germany & Anglo-America / Commodities / Gold & Silver 2009
THE SPOT PRICE of physical gold rose in London trade early Wednesday, while Asian stock markets caught up with Tuesday's US gains but European shares slipped back.Government debt – set to swell $3 trillion worldwide in 2009 on the back of stimulus spending – held flat, keeping the yield offered by 10-year US Treasury bonds below 2.70% per annum.
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Wednesday, April 01, 2009
G20 Summit Dominates Markets / Commodities / Gold & Silver 2009
Gold rose 0.8% yesterday (silver -0.4%), as the dollar came under pressure ahead of the G20 gathering in London.
It was the last day of the first quarter which saw gold rise 4.3% which is a second straight quarterly gain. In the quarter, gold was up some 10% in euro terms and some 6% in pound terms.
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Tuesday, March 31, 2009
Gold Benefits from U.S. Debt Monetization / Commodities / Gold & Silver 2009
The world does not need a New World Money backed by government IOUs. We already have an ideal One World Money in the form of Gold. It satisfies fully all the requirements of money. And most important, it has clearly demonstrated durability as a store of value. Gold, however, has one failing that prevents it from it being adopted by the nations of the world as the One World Money. Politicians cannot “print” more of it with which to buy votes. Can anyone imagine a U.S. Congress denying itself the right to spend money?Read full article... Read full article...
Tuesday, March 31, 2009
Gold Gains on 1st Quarter of 2009 / Commodities / Gold & Silver 2009
THE SPOT PRICE of gold bullion held inside a $10 range early Tuesday in London, heading into March's close at $922 an ounce as world stock markets rose and the US Dollar have back half of its recent gains.For the three months starting Jan. 1st, the Gold Price was on track for a 4.7% gain.
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Tuesday, March 31, 2009
Gold Falls ahead of G20 Summit / Commodities / Gold & Silver 2009
Gold fell yesterday (both gold and silver were down some 1%) in volatile trade which saw some very determined selling each time gold looked set to break out above $930/oz. There appears to be support at $890/oz to $910/oz and resistance between $930/oz and $960/oz. Read full article... Read full article...
Monday, March 30, 2009
Gold Falls Hard on G20 Summit Jitters / Commodities / Gold & Silver 2009
THE PRICE OF GOLD fell hard Monday lunchtime in London, dropping nearly 2% against the US Dollar to hit an 8-session low as world stock markets tumbled and the "risk averse" US Dollar and Japanese Yen both rose on the forex market.Crude oil fell hard towards $50 per barrel – down 7% from last week's four-month high – while government bonds rose sharply but stayed on track for their worst Jan. to March performance since 1996.
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Monday, March 30, 2009
Gold and Silver Succumb to Profit Taking / Commodities / Gold & Silver 2009
Gold and silver succumbed to profit taking (gold down 3.2% and silver down 2.5%) last week as risk appetite returned to markets with the tentative recovery in equity markets continuing.Read full article... Read full article...
Monday, March 30, 2009
Commodities Trading, Gold, Silver and Crude Oil Take a Breather / Commodities / Gold & Silver 2009
Last week all three resources pulled back after posted gains the week before. This week will be interesting with gold trading at support, silver just above and oil looking like its going to come down and test support as well. This week I figure we will see some bounces or breakdowns occur.Read full article... Read full article...
Sunday, March 29, 2009
Paul Revere and Gold / Commodities / Gold & Silver 2009
Remember the story of Paul Revere?
He rode his horse through town shouting that the British were coming? That is basically what the web sites have been doing for about 20 years. But what did Paul do when the British eventually arrived in the street? At that point there was no use shouting any longer from his horse that the British were coming. Because at that point they had arrived.
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Sunday, March 29, 2009
Gold Confusing Trend Amidst Long-term Weakening Bull Market / Commodities / Gold & Silver 2009
Over the past three weeks gold hasn't been able to figure out which way it should go, or is it just that speculators are not sure what to make out of the global economic mess. Just a thought but as I understand it government taking over a countries economic activity has never in history resulted in success.Read full article... Read full article...
Saturday, March 28, 2009
Governments Printing Money Can't Make Money / Commodities / Gold & Silver 2009
Jay Taylor, who shares the results of his investment research with subscribers to his widely read Gold, Energy & Technology Stocks weekly e-newsletter, has just added a weekly radio program to his array of tools investors can use to survive in these dark days on Wall Street and Main Street—maybe even thrive. It's called “Turning Hard Times into Good Times,” and aired for the first time on March 24. In this interview, he talks about the program's focus, and reiterates what he told The Gold Report readers in December—that gold stocks represent the best investment these days. Buying gold stocks may be riskier than holding bars or coins, but the upside potential of owning mining shares is commensurately that much greater as well. Jay also argues against the folly of thinking we can cure what ails us by running the printing presses faster and faster to pump more and more paper currency into the economy.Read full article... Read full article...
Friday, March 27, 2009
Gold the Only Asset Not Being Debased by Central Bank Money Printing / Commodities / Gold & Silver 2009
THE SPOT PRICE of gold dropped Friday morning in London, heading into the weekend at $921 an ounce – some 3% beneath Monday's start – as the US Dollar rose on the currency markets and world stock markets ticked lower.US crude oil prices slipped back towards $54 per barrel, but remained 5% up on the week.
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Friday, March 27, 2009
Gold and Silver Rally on Deepening U.S. Dollar Concerns / Commodities / Gold & Silver 2009
Gold and silver rose ($939.80 up $4.40 - Silver $13.65 up 18 cents) yesterday on deepening concerns about the dollar and fears that its reserve currency status is threatened.Read full article... Read full article...
Friday, March 27, 2009
Is Silver Gold's Poodle? / Commodities / Gold & Silver 2009
Last week I updated our readers about a video shot at the Orlando Money Show. This week I have two videos where we discuss the ups and downs of the silver market and how silver differs from gold as an investment.Read full article... Read full article...
Thursday, March 26, 2009
Why the Gold Price is Set to Soar / Commodities / Gold & Silver 2009
Gold has been one of the best investments in what is increasingly looking like a "lost decade" for most asset classes, yet, despite its steady, workmanlike gains - an average annual increases of 16 percent since 2001 - many gold investors are extremely disappointed with its recent performance.Read full article... Read full article...
Thursday, March 26, 2009
Gold Bullish on Real Interest Rates Outlook / Commodities / Gold & Silver 2009
THE SPOT PRICE of gold rose further on Thursday in London, recovering one-half of this week's $35 drop to hold above yesterday's sharp jump to $938 an ounce.US stock markets opened the day higher, but European shares were flat, while commodity prices rose nearly 1% on average, led by crude oil.
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Thursday, March 26, 2009
Gold Price Bounces off Support on Strong Internals / Commodities / Gold & Silver 2009
GLD Gold ETF Fund – Daily Trading ChartThis week gold has been pulling back after last week's massive one day rally. Hopefully that rally was not a one-day wonder but rather a sign that smart money is still moving into gold and not most retail traders trying to make a quick buck.
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Thursday, March 26, 2009
Gold Price Seasonal Trend Pattern Has Changed! / Commodities / Gold & Silver 2009
The changing of the gold seasons .Unlike most metals gold had a defined set of seasons over the year. The factors that dictate these seasons are very well established based on past demand patterns. But these seasons have now changed as we will see from May onwards, when gold goes into its quiet time often referred to as the "Doldrums" after the area in the Atlantic where there are no Trade Winds taking sailing ships back and forth. Below is why you cannot expect such quiet times and such busy times that we saw in the past!
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Wednesday, March 25, 2009
Gold Strong as Global Money Inflation Sparks Political Battles / Commodities / Gold & Silver 2009
THE PRICE OF GOLD ticked lower once more early Wednesday, bouncing higher from $918 an ounce for the second day running in London as world stock markets rallied on a strong Wall Street start.Like the German Dax and UK FTSE100, however, the S&P index stood more than 10% below its start of the year.
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Wednesday, March 25, 2009
Ride the Commodities Rally on Fed Trillion Dollar Money Printing / Commodities / Gold & Silver 2009
Sean Broderick wrotes: Industrial commodities are bouncing off their bottoms and headed higher. What's driving this move?
Simply put: The Fed has cranked up the printing presses and is throwing hundreds of billions of dollars at anyone who looks like they might buy toxic debt. This is unsticking the credit market for the short-term. And it's also lighting a fire under equities and commodities around the world as traders and investors start to bet on a recovery.
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