Category: Gold & Silver 2009
The analysis published under this category are as follows.Friday, November 20, 2009
Gold Investing Expert: Bob Moriarty Goes on Record / Commodities / Gold & Silver 2009
We live in a world that is totally insane. We have one US government agency buying worthless paper from another US government agency and the public nods their heads in agreement just as if it makes perfect sense.
It doesn't make any sense at all; it's like taking water from one end of a swimming pool and carrying it down to the other end and believing you are making a difference.
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Friday, November 20, 2009
Gold Contrarians Will Get Killed / Commodities / Gold & Silver 2009
In the last ten years, the financial world has experienced quite a few bubbles. Ten years ago there was the tech bubble. Then the housing bubble. And then the credit bubble. There was an Oil bubble too. With all these bubbles popping up, so to has an increase in bubble calling and contrarian thinking. As a result, sentiment analysis has become more popular.
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Friday, November 20, 2009
Gold Hits New UK Sterling High / Commodities / Gold & Silver 2009
THE PRICE OF GOLD slipped for the second day running for Dollar investors early in London on Friday, nearing the weekend 1.7% above last week's finish as commodities fell, government bonds rose, and world stock markets dropped.
Gold priced in British Pounds hit a new all-time record at the AM Gold Fix of £690.83 per ounce.
Friday, November 20, 2009
Gold and Silver Set For Parabolic Move Like 1970s? / Commodities / Gold & Silver 2009
Gold was unchanged yesterday and remained near record nominal highs as equities fell and the dollar staged a moderate rally. Gold appears to be attempting to consolidate at these higher levels and the unchanged close will encourage the bulls and support is now at $1,130/oz. Gold has moved back up to $1,144.70/oz and remains near record nominal highs in euro and sterling - €770/oz and £690/oz.
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Friday, November 20, 2009
Gold’s Evolving Supply and Demand / Commodities / Gold & Silver 2009
Since 2001 gold has been on a bull run. The gold price has had to factor in the results of the credit crunch for the past 2 years. That means for the previous 6 years gold has been rising independent of the worries of investors looking for safe havens. In that time demand has risen from investors, jewellers and industry.
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Friday, November 20, 2009
Gold Steam Roller Running Towards $1300 / Commodities / Gold & Silver 2009
The gold market continues to steam roll ahead as it gets closer to our $1,300 target zone.
As we have stated before, gold is in a fully fledged bull market and sharp pullbacks are to be expected. This is not to say the bull market is over; it is more to say that pullbacks should be looked upon as opportunities to add to or initiate new positions.
Friday, November 20, 2009
Gold as a “Go To” Asset Class / Commodities / Gold & Silver 2009
We believe there is room for more gold price gain, near term. A “true” gold market in which the yellow metal is being treated as an asset class in its own right is building around the uncertainties in other markets. That is different from recent warehousing cycles when gold moved most strongly during the final up stage of a resource/economic cycle. This time around gold is being treated as a market and currency hedge, not as a goody bag being handed out at the end of a party. The most interesting note on that score of late is news from India that October saw a large uptick for buying gold in forms such as bars that are used to invest.
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Thursday, November 19, 2009
Gold Dip "Offers Buying Opportunity" as Zero Rates Seen Until End-2010 / Commodities / Gold & Silver 2009
THE PRICE OF GOLD slipped early Thursday in London, losing almost 2% from yesterday's new Dollar record as global stock markets also fell despite a report from the OECD which doubled 2010 growth forecasts for the world's richest economies.
The US Dollar rose sharply on the forex market, but the drop in gold outpaced the drop in non-Dollar currencies, helping the gold price in Sterling retreat 1.1% from Wednesday's 9-month highs.
Thursday, November 19, 2009
Gold Back Near Record Nominal Highs in EUR and GBP / Commodities / Gold & Silver 2009
Gold reached new record nominal highs in dollars yesterday and reached $1,146/oz overnight and has since pulled back slightly. Gold is currently trading at $1,136/oz. In EUR and GBP terms it is trading at €764/oz and £680/oz respectively.
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Thursday, November 19, 2009
Gold Bugs Look Out Below / Commodities / Gold & Silver 2009
Gold’s Expanded Flat Correction Major Wave Four Lasted Twenty Eight Months Between April 1974 And August 1976.Read full article... Read full article...
Thursday, November 19, 2009
What Gold Did During the Great Depression / Commodities / Gold & Silver 2009
It seems to be the question of the week for me when speaking to people..What did Gold do during the Great Depression. Well if you had the physical you were required by law to turn it into the FED govt. In return you a certificate. Basically it was illegal to own physical gold during the darkest hours of the depression. However gold shares went through the roof. I had a client forward me a chart of Homestake mining.
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Thursday, November 19, 2009
Gold the Golden Constant is History Itself / Commodities / Gold & Silver 2009
Buy it for the gold bug in your life this Christmas...
SINCE STOCK-MARKET BULLS never read history (meaning anything from the day before yesterday and least of all the pink pages' price/earnings column today), the library shelves marked "332" are typically left free for bears and gold investors to roam.
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Wednesday, November 18, 2009
Zinc Dimes, Counterfeit Tungsten Gold and Lost Interest / Commodities / Gold & Silver 2009
In 1964 the USGovt introduced the zinc dimes clad with silver. They at least admitted the debauchery publicly. Now pre-1964 silver coins are all considered different, and valued differently too, higher. Rome committed the same coinage fraud 1900 years ago. Their Empire went bust as the city burned almost concurrently. Ayn Rand is a guiding light for Alan Greenspan, the enabling destroyer of the US banking system, destroyer of the US household archipelago, and dispatcher of the US industrial base to Asia. He is the hero icon worshipped by Wall Street. The irony is thick, that his career was spent following Old Europe orders that delivered the slow motion coup de grace to the American Empire.
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Wednesday, November 18, 2009
Roubini Says Gold $2,000 is Utter Nonsense / Commodities / Gold & Silver 2009
“Maybe [gold] will reach $1,100 or so but $1,500 or $2,000 is nonsense.” That’s what Nouriel Roubini said a few days ago at the Inside Commodities Conference in New York.
The comments from the economist credited with foreseeing the banking crisis were aimed squarely at investing legend Jim Rogers.
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Wednesday, November 18, 2009
Central Banks Increasing Gold Reserves / Commodities / Gold & Silver 2009
Since 1991, central banks around the world have collectively reduced their gold holdings by some ten percent. However, it now appears that attitudes are changing.
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Wednesday, November 18, 2009
Fiat Money and Debt Monetization Pushing Gold Higher / Commodities / Gold & Silver 2009
When gold broke out of a triangle formation in early September, a technical buying signal was generated. I discussed this bullish signal in my Money and Markets column and told readers that a move to new all-time highs had probably begun. Hence, I strongly recommended gold.
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Wednesday, November 18, 2009
Is Record High Gold Cheap? / Commodities / Gold & Silver 2009
THE PRICE OF GOLD leapt in the professional market to yet another all-time Dollar high early in London on Wednesday, coming within 50¢ of $1150 an ounce as global stocks held flat on the MSCI World Index.
Crude oil ticked back up towards $80 per barrel, while long-dated government bonds crept lower, pushing the yield offered to new buyers marginally higher.
Wednesday, November 18, 2009
Most of Investing Public Missing Out on Gold Bull Market / Commodities / Gold & Silver 2009
Gold reached a new record nominal high again this morning at $1,148/oz and is currently trading at $1,146/oz. In EUR and GBP terms gold has risen to €767/oz and £680/oz respectively.
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Tuesday, November 17, 2009
Silver Cycles, Silver-to-Gold Ratio, and the USD Index Analysis / Commodities / Gold & Silver 2009
In the last several days I received many letters in which Readers commentend on my analysis of the seasonality on the silver market (thank you), so I decided to provide you with more detailed analysis of silver in the following essay.
I will begin with a reply to the letter from a Subscriber, who mentions that „the 30 year seasonal charts for silver show Nov to be a higher drop, but the 15 year seasonal chart shows the trend to have changed“. The question is which seasonal tendencies one should rely on. As always, it is useful to put things into proper context before making any calls.
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Tuesday, November 17, 2009
Gold Holding Firm Despite Climbing U.S. Dollar For Now / Commodities / Gold & Silver 2009
The cash Dollar Index (DXY) is climbing meaningfully today, but so far gold and silver do not really care. Spot gold is down a sparse $2-$3 and the SPDR Gold Shares (NYSE: GLD) flat, ignoring the climb in the DXY for now.
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