Category: Gold & Silver 2009
The analysis published under this category are as follows.Friday, September 25, 2009
The I.M.F. and Central Banks are Going to Support Gold! / Commodities / Gold & Silver 2009
As an almost revered subject, the question of whether central banks across the world will be buyers or sellers of gold is one usually left until after the event. Central Banks themselves are usually very unhappy to talk about their gold policy. When they do it is a once-in-several-years-event. As a result we watch the behavior patterns of the last decade to see what lies ahead.
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Friday, September 25, 2009
Gold Forecast 2009, It's All Falling Into Place / Commodities / Gold & Silver 2009
You may have watched my earlier video on the gold cycles and how important they are in this particular market, at this particular time. Today's action is indicative of the cycle that we were talking about in the video as it's pushing gold prices down into a cyclic time window.
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Friday, September 25, 2009
Gold Break Below $1,000 Finds Support at $990 / Commodities / Gold & Silver 2009
THE PRICE OF GOLD ticked higher early in Asian and London trade on Friday, briefly reaching $999 but remaining 1.3% below last week's finish after suffering its worst daily drop in three months.
Asian stock markets closed lower as European shares held flat – pegging the German Dax almost 2% down for the week.
Friday, September 25, 2009
China Voices U.S. Dollar Concerns at G20 Summit in Pittsburgh / Commodities / Gold & Silver 2009
Gold fell yesterday on technical driven profit taking and is currently trading at $996.75/oz. It traded in a range overnight of $991-$999/oz. Support is now at $990/oz and resistance is at the recent high at $1,024/oz. All eyes are on the G20 summit in Pittsburgh and trading is likely to be cautious prior to the meeting. The dollar fell this morning after a draft communiqué from the G20 suggesting that interest rates, including those in the United States, would remain low for the foreseeable future.
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Thursday, September 24, 2009
Gold Corrects Following Fed Statement as British Pound Sinks / Commodities / Gold & Silver 2009
THE PRICE OF GOLD bounced 0.8% from its third dip to $1007 in two days early Thursday in London, while world stock markets fell and government bond prices rose.
Commodities slipped 0.5% on the Reuters-Jeffries CRB index. The US Dollar held near 12-month lows on the currency market after the Federal Reserve voted Wednesday to keep its key interest rate at zero.
Wednesday, September 23, 2009
Gold, The Most Important Chart You Will See! / Commodities / Gold & Silver 2009
A chart is like a photograph. It locks in ‘the activity’ right up to the last moment. A chart is a reflection of the actions of multiple humans interacting in the marketplace. Since humans tend to act in ‘herd-like’ manner, reacting to the news they hear, read and see, a chart has a certain amount of predictive energy while it reflects the past.
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Wednesday, September 23, 2009
Gold and Silver Strong in All Currencies / Commodities / Gold & Silver 2009
Gold, silver and gold shares are jumping up. Gold hit a record high this month and all three are in ‘break out’ mode. The time of truth is at hand and it won’t take much more strength to confirm that a stronger phase of the eight year old bull market has begun.
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Wednesday, September 23, 2009
Gold and Euro Rally Against Weak U.S. Dollar / Commodities / Gold & Silver 2009
THE PRICE OF GOLD dipped 0.5% Wednesday morning in London, slipping to $1,012.50 per ounce as Asian stocks closed the day lower but European shares rose.
Government bond prices fell, pushing the yield offered by 10-year US Treasuries back to last week's finish near 3.47%.
Wednesday, September 23, 2009
How China became the '800-Pound' Gorilla in the Gold Market / Commodities / Gold & Silver 2009
Don Miller writes: With prices testing their record high of $1,033 an ounce set last year gold has again become the hot topic of conversation.
But while many analysts are focusing on threat of inflation - which could be a byproduct of the U.S. Federal Reserve's reluctance to withdraw monetary stimulus - investors should really be watching China.
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Wednesday, September 23, 2009
Gold Sitting on Top of the World / Commodities / Gold & Silver 2009
THIS SAYS IT ALL, “JUST WAITIN TO FALL”
I'm Sitting on Top of the World
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Wednesday, September 23, 2009
Silver Remains a Contrarian's Dream With Negative or No Media Coverage and No Public Involvement / Commodities / Gold & Silver 2009
The dollar fell sharply against most currencies yesterday and gold was strong in all currencies and held above $1,015/oz for most of the day. Both the London AM and PM fixes were higher from the day both in euro and pound terms (21-Sep-09 AM $999.25,£618.233, €681.756, PM $997.00,£616.307, €680.871 and 22-Sep-09 AM $1015.75,£622.396, €686.550 PM $1,014.00,£620.639, €686.109 - http://www.lbma.org.uk/?area=stats&page=gold/2009dailygold). Thus, while the pound and dollar have fallen against the euro, they have fallen by even more against gold.
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Tuesday, September 22, 2009
Gold $1,500 This Year / Commodities / Gold & Silver 2009
Post summer doldrums, we're now beginning to see a nice fall run up in the price of gold—one that marks the beginning of a parabolic move, according to Greg McCoach. The seasoned bullion dealer, investor and newsletter writer sees a number of factors culminating in ever-increasing prices going forward. In this exclusive interview with The Gold Report, Greg reveals current and forthcoming events that will continue driving the yellow metal's price northward. . .not the least of which involves the commercial real estate market and its "associated derivative sewage."
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Tuesday, September 22, 2009
Gold, GLD ETF 100 Barrier / Commodities / Gold & Silver 2009
The most salient feature of the hourly chart of the SPDR Gold Shares (NYSE: GLD) is that despite today’s up-gap opening and climb above 100, the bulls were – and still are – not able to sustain above the key 100 level. As of this moment, with the GLD at 99.43 and the huge unfilled gap area (down to 98.57) remaining on the downside, let’s watch closely to see if the price structure can leave the unfilled gap behind and instead revisit and hold the 100 area prior to or into the close. Such a scenario would be very constructive action and will point prices still higher in the hours ahead. Conversely, inability of the GLD to rally will be a sign of relative weakness that will point to the 98.50 area by default.
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Tuesday, September 22, 2009
The Reason Why Gold Hasn't Skyrocketed / Commodities / Gold & Silver 2009
With the printing presses in full printing mode, many people are questioning why gold prices haven't gone higher - much higher.
In my new video, I explain some of the subtle market cycles that are at play right now in this market. These short-term cycles have been the dominant force in gold all year and appear to be still in control of price action.
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Tuesday, September 22, 2009
Gold Jumps Above $1,000 on Strong Chinese Demand / Commodities / Gold & Silver 2009
THE PRICE OF GOLD rose 2.0% for US-Dollar investors overnight in Asia and London on Tuesday, recording an AM Gold Fix of $1015.75 an ounce as world stock markets also rebounded.
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Tuesday, September 22, 2009
Gold to Remain Strong on Global Inflation and Stagflation Risk / Commodities / Gold & Silver 2009
Gold pulled back slightly yesterday on profit taking and a firmer dollar. However, gold stubbornly refused to budge from the $1,000/oz price level and pushed back through that level last night as the dollar fell again. Gold's fundamentals remain very sound and yet most analysts remain bearish and much of the media has greeted gold's near record highs with tremendous scepticism. These are classic signs of a long term secular bull market as gold continues to climb the "wall of worry".Read full article... Read full article...
Tuesday, September 22, 2009
Speaking Silver’s Language / Commodities / Gold & Silver 2009
Richard Daughty writes: Everybody knows that I can always be counted on to go ballistic about silver being such a Screaming Freaking Bargain (SFB) because of (according to the most recent Official Mogambo Count (OMC)) more than a dozen very good reasons, which is a lot of reasons, and that at $17-and-change per ounce, silver is loudly saying, “Buy me! Buy me!” although obviously not in the literal sense, nor (perhaps less obviously) in the “voices in my head” sense, which shows I am responding to therapy and why everybody is so pleased with me.
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Monday, September 21, 2009
Gold, The Big Score / Commodities / Gold & Silver 2009
Well, here we are with the price of gold above $1,000. Since this is the day so many thought would never come, it is time for reflection. I have lived my life in a society in which most of the “experts” have been wrong over and over.
I was a gold bug in 1970, when gold was $35/oz. I turned bearish on gold Jan. 21, 1980, the day it hit its high of $875/oz. I became a stock bug in 1982 with the DJI at 780. Then I predicted Black Monday 1987. I turned bullish on gold again at the end of 2002 with the metal at $325. And I predicted a long term top in the stock market at the beginning of 2007.
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Monday, September 21, 2009
Australian Gold Stocks Exciting Performance / Commodities / Gold & Silver 2009
It has been a very exciting few weeks in the Australian Gold Sector since we announced a fresh break out. Before I go on I feel it is necessary to put this in context so I am providing a clear educational account of this event with perspective. Within the big picture this recent gold share price rise is only a small part of a follow through rally which commenced in the October to November lows of 2008. That period was in essence a “bear trap”.
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Monday, September 21, 2009
Gold Dips Back to $1,000 / Commodities / Gold & Silver 2009
U.S. DOLLAR GOLD PRICES slipped further from last week's 18-month high at $1,024 an ounce early Monday, briefly dropping south of $1,000 as world stock markets also fell, losing almost 1% on average.
Crude oil sank to a one-week low near $70 per barrel, while the US Dollar bounced almost a cent against the Euro from last Thursday's 12-month lows.