Category: Gold & Silver 2009
The analysis published under this category are as follows.Tuesday, December 22, 2009
Did Gold, GLD Just Go Parabolic? / Commodities / Gold & Silver 2009
Apparently one test for a bubble popping is when prices start to go parabolic.
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Tuesday, December 22, 2009
Gold Going Higher or About to Pop? Part1 / Commodities / Gold & Silver 2009
I get more emails and questions about Gold than any other investment class on the planet. With that in mind, I wanted to take a few minutes today to map out my thoughts on this subject.
For starters, we need to consider that there are, in fact, two types of Gold: actual physical bullion OR paper Gold (Gold as represented by an ETF or futures contract)
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Monday, December 21, 2009
Gold Hit by End of Year Profit Taking / Commodities / Gold & Silver 2009
THE WHOLESALE PRICE of gold ticked higher in a tight range against the US Dollar early Monday, rising 1.9% from Friday's 5-week low in what dealers variously called "quiet", "lackluster" and "weak" trade.
Most Asian stock markets ended the day lower, but European share buyers showed a near-1% profit as banks and financial stocks bounced from last week's near-10% drops.
Monday, December 21, 2009
Gold Bugs Cheer Up, Happy Days Are Coming / Commodities / Gold & Silver 2009
Gold bugs have been sad for the past few weeks as gold has tumbled from above $1200/oz. Cheer up gold bugs. Happy days are coming. One of the great buying opportunities of all time is just around the corner, and our next task at the One-handed Economist is to identify this buying point as closely as possible. As always, to get the really good stuff you must cross my palm with silver. However, do not let this discourage you.
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Monday, December 21, 2009
U.S. Dollar is Going Up, Get Out of Gold! / Commodities / Gold & Silver 2009
Certain old market adages just don't seem to go away and are perpetuated by novice investors who seek to find some meaning in markets and their interrelationships. Mainstream financial commentators are more than happy to repeat and regurgitate such claptrap endlessly, creating "rock solid" market wisdom.
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Sunday, December 20, 2009
Silvers Failure to Breakout Means Get Out or Get Reamed / Commodities / Gold & Silver 2009
Silver’s failure to break out to new highs during gold’s recent ramp was a clear non-confirmation with bearish implications. The underlying weakness is given added emphasis by the marked convergence of the major uptrend in force from October - December of last year. We can see this on silver’s 2-year chart.
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Sunday, December 20, 2009
Gold GLD and Oil USO ETF BubbleOmics Mis-pricing / Commodities / Gold & Silver 2009
Since it was “freed” from the dollar in 1971 and until quite recently the history of Gold was (1) central banks (allegedly) attempted to keep the price down by manipulating the market, and (2) there was a reasonably good correlation between the price of gold and the price of oil.
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Sunday, December 20, 2009
Gold Disaster Ahead? / Commodities / Gold & Silver 2009
Thursday was a bummer. Is there a disaster ahead? The "blow-off" is continuing as expected but for how long? Questions, questions, but do we have any answers? Let's see.
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Saturday, December 19, 2009
Gold Bull Market Is Nowhere Near the Top / Commodities / Gold & Silver 2009
The U.S. dollar has reigned as the world's reserve currency for more than 60 years. That's a real anomaly in the history of paper money, according to Stansberry & Associates Investment Research founder Porter Stansberry, but the dollar's days on the throne are numbered. With a sea-change in the monetary system on the horizon—and drawing ever-nearer as more and more U.S. creditors turn toward hard assets and away from paper dollars—he tells The Gold Report in this exclusive interview that the world is approaching a return to "at least a de facto gold standard." Porter does not recommend bullion as "insurance" (because that suggests hope for the dollar when there is nothing to pin hope on) but rather as "the perfect natural money."
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Friday, December 18, 2009
Is Financial Markets Volatiltiy a Bad Sign for the Gold Price? / Commodities / Gold & Silver 2009
Gold, is it inherently Volatile?
A 5% correction in one day, is this reasonable? That happened to gold and many would say was consistent with its reputation as a volatile market. But at the same time most markets reflected the same volatility and have recently been doing so regularly. Actually, gold’s reputation as a volatile market [when others are stable] is misplaced.
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Friday, December 18, 2009
Gold and Silver Correct But What If The Stock Market Really Plunges? / Commodities / Gold & Silver 2009
The recent tumble in the price of gold came as no surprise to experienced technical traders and to readers of Premium Update. We gave you a heads up to close out your speculative gold positions before the beginning of the correction. Keep in mind that even the strongest bull markets need to pause and correct before moving higher. I’m not even sure that the decline we have seen so far should be labeled a correction.
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Friday, December 18, 2009
Gold Falls as U.S. Dollar Gains Despite Iran Iraq Conflict Risk / Commodities / Gold & Silver 2009
Gold dipped sharply to $1,094/oz yesterday and recovered to range trade from $1,104/oz to $1,109/oz overnight. Gold is currently trading at $1,101.00/oz and in Euro and GBP terms, gold is trading at €770/oz and £683/oz respectively. Gold has given up its early gains and is trading flat on the day so far. Further dollar strength on speculation that the Federal Reserve may begin increasing interest rates sooner than expected has contributed to further falls in the gold market.
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Friday, December 18, 2009
Gold Bounces from 6-Week Low as Oil Jumps on Iranian "Incursion" of Iraq / Commodities / Gold & Silver 2009
THE PRICE OF GOLD bounced from its lowest Dollar-level since Nov.8 early in London on Friday, trading back above $1100 an ounce as world stock markets also rose but headed into the weekend nearly 1% down for the week.
Nearing a weekly gain vs. the Euro above €770 an ounce, gold showed its third week-on-week loss for UK and US-Dollar investor, down 7% and 10% respectively from early Dec.'s all-time record highs.
Friday, December 18, 2009
Gold Price Pullback Looks Set to Continue / Commodities / Gold & Silver 2009
The uptrend in Gold over the last few months was characterized by steady acceleration and muted setbacks. The 27-Nov Dubai sell-off, albeit brief, suggested growing fragility and, after certain Fibonacci projections were reached, the market finally started to let off steam. There should be further downside prior to resumption of the long term uptrend.
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Thursday, December 17, 2009
Gold Falls Hard on Stronger U.S. Dollar / Commodities / Gold & Silver 2009
THE PRICE OF GOLD fell hard in Dollars but held flat for non-US investors early Thursday in London following yesterday's Federal Reserve statement on monetary policy.
Vowing to keep interest rates at zero "for an extended period", the Fed said it will withdraw "emergency liquidity facilities" by Feb. 2010 – including the unlimited Dollar-swaps currently offered to central banks globally.
Thursday, December 17, 2009
Gold Enters Silly Season Trading Zone / Commodities / Gold & Silver 2009
We are already in the “silly season” and what I mean by that is after December 15 most traders are not serious about the markets and they’re not committed to any large positions for the balance of the year.
I've had a number requests to do a video on gold, so here it is. As you will see in the video, gold has fallen back to an area that should provide support, however it will remain choppy and thinly traded for the balance of the year.
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Thursday, December 17, 2009
Gold Supported by Risk Aversion on Sovereign Debt Risk / Commodities / Gold & Silver 2009
There were no surprises from FOMC meeting yesterday and gold rose 1% despite dollar strength and US equities remaining flat. One of the FOMC statement notes may prove important for gold's outlook and this was that the emergency liquidity facilities will be removed on 1st February, 2010.
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Thursday, December 17, 2009
Gold Price Held to Ransom by Interest Rates / Commodities / Gold & Silver 2009
It’s all gone wrong. The momentum has stopped. Gold’s run has been stunted. Now we need to work out if this is a short term top or a more permanent feature.
Gold looks very pivotal right now. All eyes are on the direction of the dollar. Any hints of interest rate rises will induce a bullish dollar sentiment which would in effect result in a lower gold price. Because of today’s uncertainty the gold price is being held to ransom by speculators reacting to news and data.
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Thursday, December 17, 2009
Political Decision Making Process Guarantees Much Higher Gold Prices / Commodities / Gold & Silver 2009
"Lack of confidence in the gold price bull prevails. Almost everyone seems obligated to hedge when predicting price, in spite of having marshaled an array of intimidating and compelling facts and arguments" says Arnold Bock and in his article below he questions why there is so much reluctance.
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Thursday, December 17, 2009
Gold Beginning of the Current Cycle to $2,000 / Commodities / Gold & Silver 2009
We recently had a chance to interview David Morgan of the Silver-Investor.com—home of The Morgan Report a financial newsletter focusing on Money, Metals, and Mining.
David Morgan is one of the leaders in forecasting growth and value in silver, gold, rare earth elements and other resource opportunities. He offered his thoughts on everything from the future of the U.S. dollar to the current silver and gold price cycle.
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