Category: Gold & Silver 2009
The analysis published under this category are as follows.Friday, September 04, 2009
Gold at the Final Frontier? / Commodities / Gold & Silver 2009
Readers of the Seven Days Ahead’s Macro Trading Guide will know we have been frustrated long-term bulls of this market, forced onto the sidelines as observers while a protracted 6 months period of sideways trading played itself out.
But over recent days the market has rallied convincingly, almost to a point where a run at the previous highs seems possible. Yet again, we have been caught out by failed rallies in this market on several occasions over recent months, and this has made us cautious.
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Friday, September 04, 2009
The Ten Rules of Silver Investing / Stock-Markets / Gold & Silver 2009
The following is a recent interview l did with Ellis Martin on the first rule of silver investing. As you will read, we got off topic but did cover a great deal of current concerns of investors.
Ellis Martin: Many years ago you were asked to write the ten rules of silver investing. Let’s start with that today. Rule Number One, when all else fails, there is silver . . . ?
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Friday, September 04, 2009
Is Now Your Last to Be Buying Gold Under $1,000? / Commodities / Gold & Silver 2009
Is now your last chance to be buying gold under $1,000 or is this a false breakout? All successful trend followers and commodity traders know they do not know the future. The fact is on Sept 2 Gold broke out of a multi month consolidation. Trend Followers and commodity traders that use breakouts bought at various points around $969 or even higher.
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Thursday, September 03, 2009
Gold Jumps Without U.S. Dollar Drop, Separation Before Liftoff / Commodities / Gold & Silver 2009
The latest development in the gold world is highly favorable. Summarize by saying from the rooftops that GOLD LEADS THE CURRENCIES in price movement. Gold is not only a metal, but the most important of currencies, whose importance will soon be confirmed on a worldwide basis. The enlightened realize that if gold had been a core to the banking systems, and to the currency systems, that the entire bank credit crisis would not have occurred. The dimwitted that dominate the landscape still utter nonsense about gold, only to have their prattle squelched and overrun, as it seems so tiresome and vacant anymore.
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Thursday, September 03, 2009
Add-On Zones for Gold GLD ETF / Commodities / Gold & Silver 2009
As we discussed with our subscribers yesterday, sometimes a thrust out of a large bullish coil triggers a multi-day vertical price move that does not allow anyone to buy a pullback – before it reaches a blow-off measured objective. In this case, the upside targets for the SPDR Gold Shares (NYSE: GLD) are 101 and then 105.
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Thursday, September 03, 2009
Gold, Is this the move we have been waiting for? / Commodities / Gold & Silver 2009
I believe the action in gold yesterday (Wednesday) should be looked at seriously as it pushes the gold market to its best level in almost 3 months.
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Thursday, September 03, 2009
Gold Jumps to Within 2% of 2009 High / Commodities / Gold & Silver 2009
THE PRICE OF GOLD touched new 3-month highs early Thursday against all major reserve currencies bar the Yen as stocks in emerging Asia rose but Tokyo shares fell.
European stocks held flat. Crude oil rose $1 per barrel, but remained 8% below last week's nine-month high of $75.
Thursday, September 03, 2009
Gold, Big Move Coming / Commodities / Gold & Silver 2009
It looks as though the multi-month correction in precious metals is coming to an end and very soon, we are going to get a major move. If the bull-market is still intact, then gold should break above US$1,000 per ounce within a few weeks. However, if the price of gold fails to do this, we could see a sharp decline in bullion and precious metals mining stocks. Put simply, if the price of gold fails to climb past US$1,000 per ounce and instead, it falls below US$920 per ounce, it will be a negative omen. At that point, our suggestion would be to immediately sell precious metals and related stocks.
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Thursday, September 03, 2009
Gold, Silver, Oil and Natural Gas Commodity Trading Report / Commodities / Gold & Silver 2009
Another crazy week in commodities with precious metals and precious metal stocks surging higher on heavy volume, while natural gas and crude oil move lower. Money seems to be rotating out of energy and into precious metals.
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Thursday, September 03, 2009
Gold is Still Money / Commodities / Gold & Silver 2009
By Robert Prechter, CMT
The following article is excerpted from a brand-new eBook on gold and silver published by Robert Prechter, founder and CEO of the technical analysis and research firm Elliott Wave International. For the rest of this fascinating 40-page eBook, download it for free here.
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Wednesday, September 02, 2009
Gold and China's Savings Glut, Galloping Consumption Part2 / Commodities / Gold & Silver 2009
"Gold still has a strong financial nature and remains an indispensable investment tool..." - Dr. Zhou Xiaochuan, governor of the People's Bank of China, writing in the LBMA's Alchemist magazine, Nov. 2004
CHINA IS A FARAWAY COUNTRY of which we know little. The Isle of Wight, on the other hand, is a small island two miles off England's south coast where my mother-in-law lives.
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Wednesday, September 02, 2009
David Morgan on the Junior Miners / Commodities / Gold & Silver 2009
The precious metals juniors have had a nice pop in the past few months. But according to David Morgan, veteran silver analyst and publisher of The Morgan Report, the real fun is just beginning. We spoke recently about why the sector has a bright future and how to tell the real companies from the story stocks.
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Wednesday, September 02, 2009
Gold Jumps vs. All Currencies on Job-Loss Economic Recovery Data / Commodities / Gold & Silver 2009
THE PRICE OF GOLD jumped 1% to a four-week high above $966 at the start of US trade on Wednesday, after the United States reported a sharp rise in productivity due to a 7% drop in the number of hours worked.
European stock markets added to Tuesday's sharp falls, with London's FTSE100 index hitting a nine-session low beneath 4,800.
Wednesday, September 02, 2009
Robert Prechter and What's Behind Moves In Gold? / Commodities / Gold & Silver 2009
In response to How Will China Handle The Yuan? I received many emails regarding a single statement I made: "Prechter, who does not view gold as money, thinks gold will collapse. Thus, not all deflationists think alike."
The first half of that statement "Prechter, who does not view gold as money" is an inaccurate representation of Prechter's views.
Wednesday, September 02, 2009
Gold and Silver Put in Robust Showing Despite Dollar Strength / Commodities / Gold & Silver 2009
Despite a firmer dollar in yesterday's trading, gold maintained its robust showing of the last few days and finished the day slightly higher. It is trading at a resistance level of $955/oz today. With equity weakness still very much to the fore, a sustained push for that all important, psychological level of $1,000/oz and beyond on safe haven demand seems likely in the coming weeks.
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Wednesday, September 02, 2009
Still Eyeing $1,200 Gold in 2009 / Commodities / Gold & Silver 2009
Bullish on gold since it carried a $400-per-ounce price tag, Blue Phoenix Chief Investment Strategist John Licata expects the king of metals to ring in the New Year with a $1,200-per-ounce crown. As he told The Gold Report in April, he still considers gold one of the best asset plays in the world. With recovery on the horizon, he's also high on silver—in part because a pickup in manufacturing will drive up demand. While he says it's premature to claim economic recovery, he isn't looking to copper to serve as the traditional harbinger of a return from recession this time. His rationale? Good economic news—while too inconsistent to make recovery imminent—is already baked in to copper's climb already this year.
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Tuesday, September 01, 2009
Gold's Price Pattern Points to Sharp Break-Out, Bank Analysts Target 39% Rally / Commodities / Gold & Silver 2009
THE PRICE OF GOLD fell as London returned from the Bank Holiday weekend on Tuesday, dropping all of Asia's 1% bounce and recording an AM Gold Fix at $949.75 an ounce.
European stock markets also fell, losing 1.2% in London and 1.5% in Frankfurt.
Monday, August 31, 2009
History Lesson: September Is Best Month for Gold / Commodities / Gold & Silver 2009
We’re heading into September next week, so it’s a good time to revisit the historic seasonality of gold and gold stocks.
Over the past four decades, September has been the best time for gold in terms of its month-over-month price appreciation. You can see this on the chart below – in a typical year, the price of gold in September rises 2.5 percent above its August price.
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Monday, August 31, 2009
Gold Growing Expectations of a Break Above $1000 / Commodities / Gold & Silver 2009
Gold is currently trading at $954/oz after finishing higher last week which was important technically. Gold is looking to close the month of August with a monthly higher close (July 31st close $953.75/oz) but the shorts will as ever be attempting to paint the tape. Expectations for gold to break above resistance at $1,000/oz in the coming months are growing and any dips are expected to be bought.
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Monday, August 31, 2009
Gold, A Technical Macro and Micro View / Commodities / Gold & Silver 2009
The seasonal factor for the gold market is due to turn up in the month of September. But we want to ask ourselves, WHAT needs to happen for it to kick in? Well, certainly the psychology has to be there. More importantly however, demand must be there. And what is the most likely demand factor this time of year? Christmas & holidays and India's wedding season.
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