Category: Gold & Silver 2009
The analysis published under this category are as follows.Wednesday, March 04, 2009
Gold Continues to Correct From $1000 / Commodities / Gold & Silver 2009
Gold fell for the seventh straight day yesterday and is now down nearly 9% from its recent high just above $1,000/oz - see chart below).Read full article... Read full article...
Tuesday, March 03, 2009
Tyler Mordy: Gold-Backed ETFs on a Roll / Commodities / Gold & Silver 2009
It was Warren Buffett who said that you learn who's been swimming naked when the tide goes out. But it is Tyler Mordy who's pointing out the few swimsuit-clad investment products standing on the shore now that the tide of economic growth has clearly ebbed—and some of them have a golden glow. A widely recognized innovator in the design and application of actively managed Exchange Traded Fund portfolios, Tyler is Research Director for HAHN Investment Stewards and publishes its ETFocus every other month. In this exclusive interview, he tells The Gold Report readers that global multi-asset ETF portfolios having investments in gold and gold stocks present excellent opportunities not only for preserving but building wealth. Case in point: inflows of 105 tons into gold-backed ETFs in January—approximately half the world's gold mine output for the month—pushed ETF bullion holdings to a record 1,317 tons.Read full article... Read full article...
Tuesday, March 03, 2009
Gold Swoons as Stocks Bounce / Commodities / Gold & Silver 2009
THE PRICE OF GOLD slipped to fresh 3-week lows at the New York opening on Tuesday, dropping 2.2% to $907 per ounce as world stock markets bounced everywhere but London.Crude oil rallied above $41 per barrel. Long-dated Treasury bonds fell, pushing interest rates higher.
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Tuesday, March 03, 2009
Quantative Easing Implementation to Drive Currencies Lower and Gold Higher / Commodities / Gold & Silver 2009
Asian stock markets followed their US counterparts in falling overnight and after an initial rally in Europe, indices are again under pressure (especially the FTSE which is down another 1.8%).Read full article... Read full article...
Monday, March 02, 2009
Gold Correcting Towards Oversold Buying Opportunity / Commodities / Gold & Silver 2009
Two things happened in the 1960s. Most importantly, that decade ended. Second, consumers and investors began learning to not be fooled by governmental policies and actions. That learning experienced was reinforced by the many policy errors of the 1970s.Read full article... Read full article...
Monday, March 02, 2009
Gold GLD ETF Pullback Doesn't Inflict Meaningful Technical Damage / Commodities / Gold & Silver 2009
No, the gold and SPDR Gold Trust ETF (NYSE: GLD) markets have not provided much in any sort of hedge in the past week or so. However, looked at from a relative strength perspective, the enclosed chart pattern of the GLD clearly remains the inverse of the major equity market ETFs. Let's notice that the GLD has pulled back about 7% from its Feb 20th high, but has not inflicted any damage to the underlying chart structure. In fact, the GLD has pulled back to its mid-Feb upside break point, in the vicinity of 90.00-91.00, which thus far has contained the selling pressure.Read full article... Read full article...
Monday, March 02, 2009
Gold Gains as Stocks Crash / Commodities / Gold & Silver 2009
THE SPOT PRICE OF PHYSICAL GOLD back half of an early Asian bounce Monday morning, recording its first London Gold Fix of March at $949.50 per ounce.Almost 6% above its average level of 2009 to date, the Gold Price also rose for UK and European investors, while European shares sank, dumping 3.5% by lunchtime in Frankfurt.
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Monday, March 02, 2009
Debt Lies Exposed, Hope and Massive Change / Commodities / Gold & Silver 2009
I have just got back from a camping trip and feel clear and refreshed. It is good to get away briefly and to clear the head and look at things from outside the trees. Yes inside the forest you cannot see any wood for all those trees and your view can be very microscopic.Read full article... Read full article...
Monday, March 02, 2009
Gold Safe Haven in the Worst Deflationary Slump since the 1930s / Commodities / Gold & Silver 2009
Gold rose sharply in Asia and was up by more than $10 per ounce before trading even commenced on the TOCOM – it rose from $941.60/oz to nearly $960/oz but has given up some of those gains in early trading in London and is now trading back at $950/oz.Read full article... Read full article...
Sunday, March 01, 2009
U.S. Dollar Double Top Points to New Gold Bull Run / Commodities / Gold & Silver 2009
Gold ran at its highs of last March, before reacting back heavily, as expected and predicted in the last update. The 1-year chart makes very clear why it has reacted back so. It hit the upper return line of a steep uptrend channel in a very overbought condition as shown by the RSI and slow stochastic on this chart, and various other oscillators that are not shown. Hence it had very little chance of following through with a breakout to new highs, as we had earlier observed. Despite its retreating back from the vicinity of its dollar highs there can be doubt that recent action has been bullish and augers well for the future, for with the break above the October highs, gold can be seen to have broken the trend of lower highs and lower lows that dogged it last year, with the result that all its principal moving averages have swung into bullish alignment - and it has broken above the last restraining fan line, opening the door to another major upleg.Read full article... Read full article...
Saturday, February 28, 2009
Gold Bull Market Just Beginning / Commodities / Gold & Silver 2009
In this update from Sascha Opel, former chief editor of the first newsletter about the German "Neuer Markt" (New Market), he gives us his current thoughts on the precious metals market. Sascha's company, Orsus Consult GmbH, publishes one of the most popular German newsletters on commodities and junior mining and exploration. (www.rohstoffraketen.de)
The Gold Report: Sascha, we last interviewed you in May 2008. At that time you felt that we were beginning a period of re-establishing gold as currency. Would you review your thinking on this viewpoint for our readers?
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Saturday, February 28, 2009
The Golden Rule of Investing 2009 / Commodities / Gold & Silver 2009
Visions of Absolute Wealth - As defined by the most valued currency throughout the history of humankind, an exclusively visual presentation of nearly ALL-THINGS vs. the value of Gold illuminates precisely where absolute wealth and truth reside.Read full article... Read full article...
Friday, February 27, 2009
Stock Market and Gold Double Top Price Pattern / Commodities / Gold & Silver 2009
"The bigger the top, the bigger the drop – whether in gold or the S&P index..."
A DOUBLE TOP – or so technical analysts say – is an ugly chart pattern signalling not only a reversal of trend, but an all-out collapse.
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Friday, February 27, 2009
Pep Talk for Panicky Gold Investors / Commodities / Gold & Silver 2009
SUDDEN SHIFT, FICKLE FOLKS - What a difference one week makes! With a gold price daring the $1000 mark in defiance, boldness prevailed, investors took heart, analysts cheered, and the establishment cringed. This week, with a very ordinary selloff in consolidation, optimism has vanished in what can only be characterized as silly. Gold & silver will take over the globe as anchors in a sea of shifting sands, all in time. We have seen the crude oil price fall from $140 something to $40 something, the Dow Jones Industrial stock index fall from 14,000 something to 7000 something, the housing price index fall every month by over 10% on an annual basis, and hundreds of billion$ vanish in bank equity.Read full article... Read full article...
Friday, February 27, 2009
Gold Surges as Stocks Tumble on U.S. Economic Slump / Commodities / Gold & Silver 2009
THE SPOT-GOLD MARKET regained a third of this week's 6% drop Friday morning in London, trading back above $960 an ounce on a flood of bad economic and financial news.The US economy shrank by 6.2% annualized at the tail-end of 2008 said the Bureau of Economic Analysis – the worst rate in 25 years – while personal spending fell by 5¢ in the dollar.
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Friday, February 27, 2009
Gold Targets $1,200 as Central Banks Sales Dwindle / Commodities / Gold & Silver 2009
Gold’s correction continues and it has fallen for four days in a row now but the long term fundamentals remain very sound. Bargain hunters are likely to reemerge at these levels which should be supportive.Read full article... Read full article...
Friday, February 27, 2009
How Does Silver Perform During Deflation? / Commodities / Gold & Silver 2009
A question many of our readers have asked. Today, most investors are fairly convinced that gold does fairly well during a deflationary environment. Since gold has held better than all asset classes these past several months, many mistakenly believe that gold does best during inflations, but they are not sure about gold during deflations. The fact is, from times past, gold actually does best during deflations, rather than inflations.Read full article... Read full article...
Friday, February 27, 2009
Gold 2009 Supply and Demand Impact on Gold Price / Commodities / Gold & Silver 2009
As the gold holdings of the Barclays Gold Trust and the World Gold Council's gold Exchange Traded Funds across the globe grew larger than the gold holdings of Switzerland this week, we look at the dramatic shape of the likely Supply/Demand formula for 2009. Since the end of 2008 until now the gold market has changed shape and it promises to be a structural change should what we see now continue! Just how much gold is being absorbed at the moment from what sales and purchases? To understand this fully we have to look at the last reported figures in the gold market on Demand & Supply. [We use the numbers supplied by the World Gold Council for this purpose.]Read full article... Read full article...
Thursday, February 26, 2009
Gold Slips Again as Global Stocks Bounce / Commodities / Gold & Silver 2009
THE PRICE OF PHYSICAL GOLD slipped further in Asia and London on Thursday, dropping to a two-week low beneath $940 an ounce as world stock markets rose for the second time in 13 sessions.Read full article... Read full article...
Wednesday, February 25, 2009
War for Muslim Gold and Silver: Goldsmiths Part XXXIX / Commodities / Gold & Silver 2009
As discussed in an article on World Power Blocs at www.analysis-news.com , and in other Goldsmiths' material, there is strong evidence that in coming days the Muslim empire of the South will have treasures of gold and silver which may invite a military invasion, evidently by a power bloc in the North. The Northern power will seize, steal or otherwise take possession/rulership of the gold and silver treasures in the South.Read full article... Read full article...