Category: Gold & Silver 2009
The analysis published under this category are as follows.Saturday, October 31, 2009
How and Why China Will Flood the Gold Market / Commodities / Gold & Silver 2009
Jeff Clark of Casey Research writes: As you read this, the Chinese government is doing an extraordinary thing... something nearly unheard of in the modern world.
It is encouraging citizens to put at least 5% of their savings into precious metals.
Friday, October 30, 2009
U.S. Dollar Vs Gold, The Fear Trade / Commodities / Gold & Silver 2009
It's been a dollar vs. gold story ever since the economy ran into trouble last fall, according to Blackmont Metals and Mining Analyst Richard Gray, who sees inevitable inflation down the road. "The trouble is there are no real applicable precedents we can use," he explains, noting the prodigious amount of stimulus money flooding the economy. In this exclusive interview with The Gold Report, Richard discusses major drivers behind gold's price rise, attributes of successful juniors and why he thinks gold's upside scenario is "maybe $1,100 or $1,200."
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Friday, October 30, 2009
Marc Faber Says Gold a Bargain Compared to S&P 500 Stocks / Commodities / Gold & Silver 2009
Well known economic analyst Marc Faber still likes gold, especially when compared to equity prices. In his October 2009 Gloom Boom & Doom report, Faber discusses his long-term outlook for the shiny yellow metal:
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Friday, October 30, 2009
Eastern European Currency Crisis Could Send Gold Soaring Despite a Rising Dollar / Currencies / Gold & Silver 2009
In Gold And The Watched Pot Theory I versed the following opinions on currency fluctuations:
Might the US dollar blow up? Yes it might. But so could the RMB if China floated it, and so could the British pound. No one seems to see the crisis brewing in Japan with a huge demographic problem, a shrinking population, falling exports, and no way to pay back its national debt.Read full article... Read full article...
Friday, October 30, 2009
Gold and Euro Fibonacci Trading / Commodities / Gold & Silver 2009
How Did a Dead Mathematician Nail Two Major Markets Yesterday?
The markets I am referring to are the gold market and euro markets. Readers of this blog will know from our previous videos and examples that we are big fans of Fibonacci retracement lines.
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Friday, October 30, 2009
Gold Sets Monthly New Record High / Commodities / Gold & Silver 2009
THE PRICE OF GOLD neared month-end above $1040 an once on Friday in London, approaching a new monthly high almost 5% above Sept.'s average as Asian stock markets closed markedly higher and the US Dollar held flat on the currency markets.
US stock futures pointed lower after Thursday's better-than-expected GDP headlines helped Wall Street to its best one-day gain since July.
Friday, October 30, 2009
Paul Tudor Jones 3rd Quarter Investor Letter: Another Gold (GLD) Bug / Commodities / Gold & Silver 2009
Einhorn, Paulson... and now one of the legends of the hedge fund business Paul Tudor Jones... have all jumped on the gold bandwagon. [May 16, 2009: John Paulson Continues to Pile Into Gold] [Mar 17, 2009: John Paulson Joins David Einhorn as Gold Bug with Stake in AngloGold Ashanti (AU)] While perhaps a "crowded trade" watching all these great minds agree on this topic simply reinforces my thesis.... this rogue central bank will keep printing US dollars until the cows come home. (and once the cows are in the barn, they'll keep printing just to make sure). And they are not the only one... it is a race to the bottom. [Oct 13, 2009: UK Sterling Following US Dollar into Abyss]
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Friday, October 30, 2009
Tudor Jones Joins Soros, Rogers, Einhorn and Paulson as Long Term Gold Bull / Commodities / Gold & Silver 2009
Gold is trading at $1.043/oz and traded in a $22 range over the last 24 hours, hitting a low of $1,026/oz yesterday morning.
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Friday, October 30, 2009
Gold Warning! / Commodities / Gold & Silver 2009
Nico Isaac writes: When prices in a financial market go from Sea Level to Outer Space in a relatively brief time, two scenarios are at work -- and they both start with the letters “B-U.”
When a precious metal goes from being a popular long-term investment of buy-and-holders to the quick, get-away “vehicle” of day-traders, two scenarios are at work -- and they both start with letters “B-U.”
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Friday, October 30, 2009
Gold Alarm! / Commodities / Gold & Silver 2009
The paperbugs need to fear the future. It is coming. It is inevitable. It is not gloom and doom, it is not guns and food in a wilderness cabin, it is not the end of the world, and it is not the inflation or deflation debate. It is simply a Gold bubble.
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Thursday, October 29, 2009
Silver Golden Accumulation Opportunity / Commodities / Gold & Silver 2009
Actually, the golden opportunity is for buying silver at current prices. The motive for lifting the USDollar was the gargantuan $115 billion in USTreasurys offered this week. With bond yields rising from gargantuan supply, the USGovt and USDept Treasury and USFed did not wish to have both bond principal values fall and the USDollar fall. So the witch doctors engineered a meager semi-lifeless US$ rally, and a full 100-cent silver price discount. The claim again came that the bond auction bid/cover was strong at over 3:1 ratio. But 1.0 of that comes from the primary dealers who are bound to bid. The rest came in majority from foreign central banks. Same Modus Operandi by the Big Boyz.
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Thursday, October 29, 2009
Gold and Silver, What is Your Exposure / Commodities / Gold & Silver 2009
A well-known truism is that every investor needs to start with savings. But what if that “savings” gave the investor too much exposure to risk? What investors or people in general need in this financial environment is savings that don’t deteriorate. We are in an environment now where the idea of making money, which is kind of the preamble to being American, is going away. In other words, today’s environment is, he who loses the least, wins, and the way that you do that is to hold a currency that doesn’t devalue over time.
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Thursday, October 29, 2009
Gold Bounces on Strong U.S. GDP Economic Stimulus Result / Commodities / Gold & Silver 2009
THE PRICE OF GOLD rose $10 from last night's 3-week low of $1027 on Thursday morning in London, gaining as Asian stock markets closed the day 1.5% lower and the United States reported an end to its economic recession.
GDP growth during June-to-Sept. was estimated at 3.5%, much-stronger than analysts forecast, as domestic prices also rose sharply – up 1.6% from a year earlier.
Thursday, October 29, 2009
Gold Weak Ahead of U.S Q3 GDP / Commodities / Gold & Silver 2009
Gold is trading at $1.033/oz and touched $1,026/oz in overnight trading. Gold fell again yesterday and continues to consolidate above the $1,000 level.
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Wednesday, October 28, 2009
Has Gold Topped? / Commodities / Gold & Silver 2009
That is the big question on many traders' minds as gold fell from a high around $1,070 to the lows seen earlier today.
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Wednesday, October 28, 2009
Gold, Don’t Believe the Hype / Commodities / Gold & Silver 2009
The recent bounce in the U.S. dollar to the 1.4750s, has further highlighted the correlation of 'risk' assets to dollar weakness.
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Wednesday, October 28, 2009
Gold Follows Sinking Stock Markets Lower / Commodities / Gold & Silver 2009
THE PRICE OF GOLD for Dollar investors fell for the fourth session running on Wednesday morning in London, dropping as world stock markets sank 1.5% and crude oil fell to $79 per barrel.
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Wednesday, October 28, 2009
Gold Drifts Lower Despite Record U.S. Debt Ever Sold in a Week / Commodities / Gold & Silver 2009
Gold closed trading at $1,037.20/oz. In euro and GBP terms gold is trading at €700/oz and £634/oz. Gold's short term frothiness after sharp gains has led to profit taking and an expected correction back down to previous resistance at the $1,030/oz level.
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Tuesday, October 27, 2009
Forecasting a U.S. Dollar Rally and Gold Downtrend / Commodities / Gold & Silver 2009
The dollar's not going to go straight down, according to Steve Palmer, president and CEO of AlphaNorth Asset Management:"I'm expecting the U.S. dollar to rally in the short term and gold to sell off." Forecasting a bit of a pullback in the next month or so followed by another rally before year's end, Steve also explains his 'bigger bang for your buck' penchant for exploration stories in this exclusive interview with The Gold Report.
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Tuesday, October 27, 2009
Gold Falls as U.S. Dollar Rises, But Are These Moves Significant? / Commodities / Gold & Silver 2009
Precious metals moved lower this week, which was accompanied by a decline in the general stock market and a small rally in the USD Index. The situation in the main stock indices is still rather unclear, so this week I would like to point your attention to the U.S. Dollar as it provides clues invaluable to anyone involved in the precious metals sector. After all, there is a clearly visible negative correlation between USD Index and gold, silver and PM stocks.
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