Category: Gold & Silver 2009
The analysis published under this category are as follows.Sunday, September 13, 2009
COT Report Increasingly Bearish for Gold / Commodities / Gold & Silver 2009
Investors will much more readily forgive a market commentator who is bullish and wrong than one who is bearish and wrong. This explains why, with gold tantalizingly close to breaking out to new highs, bearish or cautious articles on the yellow metal are few and far between. Amongst the bullish commentaries we have Jim Willie’s "13 reasons for major Gold Breakout" and the "A light goes on in Russell's brain" by the venerable Richard Russell.
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Sunday, September 13, 2009
Gold Breaks Out Triggers Multiple Time Frame Buy Signals / Commodities / Gold & Silver 2009
Gold is back in the spot light as it flirts with the $1000 per ounce level. This closely watched commodity looks as thought it will rocket higher because of the multiple trading time frames indicating breakouts.
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Sunday, September 13, 2009
Bye, Bye to American Heritage / Commodities / Gold & Silver 2009
The definition of our American Heritage is simply the handing down from generation to generation a tradition of freedom and self sufficiency. Of course, as we all know, those days are receding rapidly.
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Sunday, September 13, 2009
Gold Double, Triple Top or New Bull Run? / Commodities / Gold & Silver 2009
A dull week until Friday, when gold moved to within striking distance of all time highs. But something tells me that it might not make it this time. New highs may have to wait, again. I hope I’m wrong.
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Sunday, September 13, 2009
Gold Warning, Risk of 50% Retracement to $650 / Commodities / Gold & Silver 2009
“The Concept of Probability in the Mathematical Representation of Reality” by Hans Reichenbach
"Real mathematics is not crunching numbers but contemplating them - and the mystery of their connections." ---Charles Krauthammer, Pulitzer Prize winning essayist
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Sunday, September 13, 2009
Gold and Silver Precious Metals Analysis / Commodities / Gold & Silver 2009
Precious Metals - A few weeks ago I mentioned that palladium was breaking out to new highs for the year, and that its move was a good sign for the other metals, which would likely follow its lead. Platinum jumped in line this week and made a new high for the year. The weekly charts show platinum and palladium well off their all-time highs, while gold is knocking on the door to set new all-time highs.
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Sunday, September 13, 2009
China's Growing Impact on the Global Gold Market / Commodities / Gold & Silver 2009
There is little doubt that China nowadays has the financial muscle to effectively control the global gold price. The mere sniff of a report that it is taking gold into its official reserves to counteract dollar decline is sufficient to, at the least, stabilise the gold price - and there seems to be little doubt that it is so doing, but at the moment in a manner that is not designed to de-stabilise the dollar or, on the other hand, not to contribute to a quantum leap in the yellow metal's valuation - yet.
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Sunday, September 13, 2009
The Secret Bull Market / Commodities / Gold & Silver 2009
Gold’s recent push above $1,000 an ounce is finally catching Wall Street’s attention. And yet many of the talking heads on TV still rush to say that gold is not a good long-term investment, that it’s “dead money” because gold doesn’t really do anything.
That’s a lie. Gold does something very important — preserve your wealth in an age when paper currency can be printed by the metric tonne. And gold has been doing a lot more than that since 2001. Take a look at this chart showing the 10-year performance of gold vs. the S&P 500 …
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Saturday, September 12, 2009
Does Gold $1,000 Gold Signal Stock Market Correction? / Commodities / Gold & Silver 2009
Does gold rising and climbing to $1,000 signal a pending stock correction? No.
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Saturday, September 12, 2009
The Real Threat of Government Gold Confiscation / Commodities / Gold & Silver 2009
As the fifth part of this series we now look at this question: "How will Gold Confiscation affect the citizens of other countries, in the event their Central Bank takes their gold?"
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Saturday, September 12, 2009
Gold and Silver Price Forecast of $1,150 and $30 / Commodities / Gold & Silver 2009
Long Term: Madison Avenue Research Group's outlook for gold and silver is bullish. Our sentiments echo Peter Barnes, CEO of Silver Wheaton whom in a BNN interview on September 8, 2009 said "Over the next two or three years silver is going through USD$30/oz”. Barnes believes weakness in the US dollars will drive precious metal prices and excessive monetization will have a significant inflationary effect at some stage saying "it is only a matter of when".
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Friday, September 11, 2009
Gold, Canary in the Coal Mine / Commodities / Gold & Silver 2009
Like a battering ram in a medieval siege, gold keeps hammering away at the gate. For the third time in less than twelve months, the yellow metal is once again crashing into the $1,000 per ounce level. As of press time, it looks like gold will close above that level today and will set a new record in the process. Even if the breach is fleeting, who can doubt that it will mount another assault soon? In the meantime, there is no shortage of market analysts who are not buying gold while questioning the motives of those who are. Although they offer a variety of strained reasons, they nearly all agree that it has nothing to do with inflation, which is nearly universally considered dead and buried. As a self-confessed gold bug, I can assure all that inflation is the only reason I buy gold. And recently, I'm buying a lot.
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Friday, September 11, 2009
U.S. Dollar Wanes, Gold Shines / Commodities / Gold & Silver 2009
The dollar continues to press to marginally lower lows this morning and could be heading for a test of its year-ago low at 75.89. Meanwhile, gold prices have climbed above Tuesday’s high at $1,008.30, which should trigger continuation towards a test of the all-time high at $1,033 thereafter on the way to $1100. Our SPDR Gold Shares (NYSE: GLD) model portfolio position has benefited from the action.
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Friday, September 11, 2009
Assets In Rydex Gold Fund / Commodities / Gold & Silver 2009
Figure 1 is a weekly chart of gold. In the lower panel is the amount of assets in the Rydex Precious Metal Fund.
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Friday, September 11, 2009
Gold Pushes Over $1,000 as Weekend Nears / Commodities / Gold & Silver 2009
THE SPOT PRICE of gold rose back above $1,000 an ounce as the start of US dealing approached on Friday, as European equities added to this week's gains and crude oil held above $71 per barrel.
The Dollar bounced from new 2009 lows on the currency market, helping gold priced in Euros climb back above €685.
Friday, September 11, 2009
Has Barrick Mining Been Barricked by the U.S.? / Commodities / Gold & Silver 2009
According to an announcement dated September 8, 2009, Barrick is going to throw into the dustbin its long-standing hedge policy, and pay for buying back its hedge-book by diluting the value of its common stocks through issuing more than 81 million new shares, or about 10 percent of the outstanding. The so-called hedges of Barrick have been thoroughly discredited and will soon be history. So-called, because the long-term forward sales contracts in question that the parvenu gold miner has invented and flaunted are not proper hedges and never have been. They are a fraud. They are naked short positions pretending to be balanced by gold ore reserves in the moon (or on this earth which, for hedging purposes, is practically the same thing). Part of the newsworthy story, of course, is the fact that the hedge book of Barrick has been increasingly under water for some nine years now, threatening the unfriendly giant with drowning.
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Friday, September 11, 2009
Gold Sees Further Profit Taking / Commodities / Gold & Silver 2009
Gold saw further profit taking yesterday and fell to support at $982/oz. Thereafter it staged an impressive rally and briefly broke back through $1000/oz. Currently, it has fallen just below this level but is constantly testing that mark and appears to be consolidating at the $1,000/oz mark. With the dollar under significant pressure, a test of new highs should be imminent.
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Friday, September 11, 2009
Gold Short-term Price Targets / Commodities / Gold & Silver 2009
A recent, initial bull break in Gold price has been much trumpeted (the 2008 peak has yet to be breached, note). Keeping excitement tempered we currently focus on a shorter term bull target, whilst also keeping in mind what is required for the bull picture to go awry.
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Friday, September 11, 2009
Precious Metals, What Do I Do Now? / Commodities / Gold & Silver 2009
It seems more and more people are waking up to the fact that gold and silver are not only moving up but are also much safer investments currently than any other alternative. At the present time, I treat the commodity differently than I treat the underlining mining equities. As far as buying bullion or coins, basically I think investors should buy them at any time. Certainly you’re better off buying silver at $15.00 than you are if you’re buying it at $20.00, but the metals themselves, from a long-term perspective, will preserve your wealth and possibly multiply it. Many agree that the real metal is your core position. That is the investment that really counts the most.
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Friday, September 11, 2009
Gold, How 2 Trades Could Have Turned $1,000 into $1.7 Million / Commodities / Gold & Silver 2009
This is a short video designed to illustrate how '2 Trades' vs. a 'Buy and Hold' strategy could have produced about 88 times better investment results over a 38 year period. This three minute video moves quickly, so watch closely.
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