Category: Gold & Silver 2009
The analysis published under this category are as follows.Friday, November 13, 2009
Is the Gold and Silver Precious Metals Top Behind Us? / Commodities / Gold & Silver 2009
“Inside the Global Gold Frenzy” is the title of an article that appeared last week in The New York Times. It seems the mainstream media has finally caught on to what we’ve known for a long time - we are in the midst of an honest-to-goodness gold rush. The article pointed out some interesting facts.
Read full article... Read full article...
Friday, November 13, 2009
The IMF Sold Gold 200 Tonnes to India, What Will they Announce Next? / Commodities / Gold & Silver 2009
We have been prepped for this for so long now. It seems that the [concocted] cloud from the expected I.M.F. gold sales has been a threat to the gold price, for years. Now the clouds of speculation are being blown away and reality is presenting itself in a way never expected. Part of this has been the expectation that the I.M.F. gold sales would be dragged out over a long period. As we have been telling Subscribers for an equally long period, we did not think this would be the case, because the purpose of the sale was to maximize the proceeds and quickly. Now with India taking 200 tonnes of the 403.3 tonnes, our position has been verified.
Read full article... Read full article...
Friday, November 13, 2009
If Stocks Tank, Shouldn't Gold Soar? / Stock-Markets / Gold & Silver 2009
The following article is provided courtesy of Elliott Wave International (EWI). For more insights that challenge conventional financial wisdom, download EWI’s free 118-page Independent Investor eBook.
Read full article... Read full article...
Friday, November 13, 2009
Stock Market Rally Priced in Gold Not Dollars / Commodities / Gold & Silver 2009
Non-US investors haven't enjoyed the same stock rally as Wall Street. Whereas in gold...
"THE DOLLAR is still driving gold," agree the analysts, pundits and chart-watchers now scratching their heads about where gold is headed next.
Read full article... Read full article...
Friday, November 13, 2009
Gold Tries to Hang on to $1,100 / Commodities / Gold & Silver 2009
While oil and several major currencies have been major beneficiaries of the weak dollar, gold has really shined in light of the less desired greenback. One ounce of gold currently fetches $1,104.52, according to goldmoney.com.
Read full article... Read full article...
Friday, November 13, 2009
Has Gold Topped Out for the Year? / Commodities / Gold & Silver 2009
The the gold market took its first corrective action on the downside. The question many traders will have now is, have we hit the high end for gold this year?
Read full article... Read full article...
Friday, November 13, 2009
Gold Price Undergoing Correction / Commodities / Gold & Silver 2009
THE PRICE OF GOLD bounced from an overnight dip to $1101 an ounce in London dealing on Friday, heading into the weekend 0.9% higher from last week as world stock markets held onto their near-3% gains.
Crude oil fell towards $76 per barrel while government bonds were flat, as was the Dollar.
Friday, November 13, 2009
The Gold Price Today Effect / Commodities / Gold & Silver 2009
Welcome to another week. Today I’ll take you through the news that’s motivating higher production levels amongst gold miners, and news that’s causing some to restrict production levels. We’ll see politics being influenced and why the UK investor should be worried…
Read full article... Read full article...
Friday, November 13, 2009
Vietnam Gets the Gold Bug / Commodities / Gold & Silver 2009
Gold pulled back from its record nominal high of $1,123/oz yesterday, as a stronger dollar initiated a bout of profit taking. It is currently trading at $1,108/oz. In the short term, a first stop for support should be sought at $1,098/oz and a resistance of $1,119/oz.Read full article... Read full article...
Friday, November 13, 2009
It's About Gold, Not Inflation or Deflation / Commodities / Gold & Silver 2009
Gold's getting ready to have a short-term correction if it didn't start today. Trying to game short-term corrections in a raging bull market is a fool's game and there's no reason to do it. Simply buy on sharp pullbacks and hold on. It's not rocket science for those with a time horizon of more than a few days. One simple 10 year monthly log-scale chart can tell you where the current secular bull market is:
Read full article... Read full article...
Thursday, November 12, 2009
All That Glitters, SLV, GLD ETF's / Commodities / Gold & Silver 2009
Before discussing SLV or GLD, I would like to remind you that metal ETFs are not metals. They are supposed to be backed by metals. In fact, they are no more than promises and guarantees of some entity who is supposed to have the metals. Make sure you read, and understand related prospectus and other publications as you decide whether metal ETFs are suitable for your trading/investing needs.
Read full article... Read full article...
Thursday, November 12, 2009
Gld ETF Warning, Tungsten Filled Fake Gold Bars / Commodities / Gold & Silver 2009
“Gold Finger - A New Take On Operation Grand Slam With A Tungsten Twist”
I’ve already reported on irregular physical gold settlements which occurred in London, England back in the first week of October, 2009. Specifically, these settlements involved the intermediation of at least one Central Bank [The Bank of England] to resolve allocated settlements on behalf of J.P. Morgan and Deutsche Bank – who DID NOT have the gold bullion that they had sold short and were contracted to deliver. At the same time I reported on two other unusual occurrences:
Read full article... Read full article...
Thursday, November 12, 2009
The Ultimate Gold Bubble Test / Commodities / Gold & Silver 2009
Brian Hunt writes: In the past three months, there's been a very popular – and very wrong – thing to say about owning gold.
I hear it a lot from inexperienced Wall Street analysts, bloggers, and money managers who spend little time living in the "real world."
Thursday, November 12, 2009
Gold, Do we finally have your attention? / Commodities / Gold & Silver 2009
The past two weeks have brought two massive paradigm shifts to a Gold market that has been morphing literally on a daily basis for the past few months. During this time, the pundits and purveyors of misinformation and tripe have done their best to ‘student body left’ Gold back into obscurity as an ancient, barbaric relic. They certainly get an ‘A’ for effort. Now that Gold has made its debut above $1100 an ounce, they’ve switched their tactic and are now calling it a bubble. We’ll deal with why this cannot be the case in a bit.
Read full article... Read full article...
Thursday, November 12, 2009
Gold Hits Fresh Record High / Commodities / Gold & Silver 2009
THE PRICE OF GOLD in US Dollars retreated from a fresh 0.7% surge early in London on Thursday, falling back from a new all-time record of $1123 an ounce as Asian stock markets closed the day lower.
Crude oil fell below $79 per barrel – higher by more than 75% from this time last year – while government bond prices rose.
Wednesday, November 11, 2009
If the Gold Price Explodes, Silver Will go SuperNova! / Commodities / Gold & Silver 2009
How Will Niagara Falls Fit Through a Garden Hose?
“There’s no doubt in my mind that we’ll have a mania in gold. And because the gold and especially silver markets are so tiny, the rush into them will be like trying to push the contents of Hoover Dam through a garden hose. Our positions will go absolutely ballistic.” –Doug
Read full article... Read full article...
Wednesday, November 11, 2009
India’s Dramatic Gold Investment Renews Interest in Precious Physical Metals / Commodities / Gold & Silver 2009
The precious metals market was stunned when India opted to buy 200 tonnes, or nearly half, of the International Monetary Fund’s gold reserves. India’s dramatic play on gold is good for precious metals investors, and it generates renewed interest amongst traditional investors.
Read full article... Read full article...
Wednesday, November 11, 2009
Gold’s Rally Suggests Silver Will Ride the Coattails / Commodities / Gold & Silver 2009
As investors begin their shift away from currencies and into hard assets, gold has waltzed well past $1000 per ounce and has since pushed through $1100. Because precious metals have been long seen as an effective hedge against inflation, investors have been the biggest driver of demand.
Read full article... Read full article...
Wednesday, November 11, 2009
What's Gold's Next Stop? / Commodities / Gold & Silver 2009
After hitting our first upside target of $1,110 two days ago, gold prices backed off but still managed to close at their best levels today for a new record high close in New York basis the spot gold.
The question now is, what's going to happen to gold after it hit our first target level?
Read full article... Read full article...
Wednesday, November 11, 2009
Gold Continues to Gain Against All Currencies / Commodities / Gold & Silver 2009
THE PRICE OF GOLD rose to fresh record highs against the US Dollar for the fifth session in six in early London dealing on Wednesday, recording an AM Gold Fix above $1114 an ounce.
Up by more than 28% for 2009 to date for US investors, gold also rose against all other currencies, breaking its best level against the Japanese Yen since July 2008 above ¥3220 per gram as world stock markets gained, government bonds held steady, and crude oil ticked higher from $79 per barrel.