Category: Gold & Silver 2009
The analysis published under this category are as follows.Saturday, December 12, 2009
Sell Your Gold Only IF You Want to Lose Money! / Commodities / Gold & Silver 2009
Something about gold just makes people irrational. The latest meme making the rounds in the mainstream media is that gold is a bad investment over the longer term. A couple of radio hosts asked me about it, and even Bloomberg ran a story on this earlier this week, saying that gold can’t beat the returns on a checking account over the last 30 years. The rest of the story was about while hedge fund managers are buying gold, it’s a poor investment for regular folks.
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Saturday, December 12, 2009
Jim Rogers Says Gold Not a Bubble, Silver a Better Buy / Commodities / Gold & Silver 2009
Commodities are still a great place to invest, while some currencies also offer value and investors should stay away from US stocks and bonds, Jim Rogers, chairman of Jim Rogers Holding, told CNBC Thursday.
Rogers has long been bullish on commodities, especially since central banks started to print money to combat the financial crisis.
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Friday, December 11, 2009
Has Gold Lost Its Glitter Again? / Commodities / Gold & Silver 2009
Periodically through the bull market for gold that began in 2001, after gold has rallied significantly off an intermediate-term low the media belatedly picks up on what has happened and becomes very excited about gold and its prospects. That’s usually an indication that the intermediate-term move is just about over, with one more spike up created by additional investors getting caught up in the media’s excitement, and jumping in.
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Friday, December 11, 2009
Gold is Money in Extreme Times, Have They Now Arrived? / Commodities / Gold & Silver 2009
It was Alan Greenspan who said that, “gold is money in extremis”. By this all understood that when times got tough, gold became money that people could trust. But what constitutes “in extremis”?
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Friday, December 11, 2009
Gold Brutal Sell off Over or Just Beginning? / Commodities / Gold & Silver 2009
Gold fell almost 5% last Friday to below $1,160 an ounce on the latest “positive” jobs data. Tuesday, gold futures fell for a third straight session as worries about credit problems in Greece and Dubai helped the U.S. dollar extend gains. This clearly is the beginning of the gold correction that I have been predicting for weeks (Market Alerts about exiting positions were sent on Nov 27th and Nov 30th).
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Friday, December 11, 2009
Gold and the Last Real American Dollar / Commodities / Gold & Silver 2009
Every now and then there are extraordinary events that occur that end up shaping the world for many years to come. The Lincoln and JFK assassinations come to mind. More recently, 39 years ago (Dec 8 1980), John Lennon was gunned down in front of his own house. In many ways, the generation that grew up with him, grew up that night. As he eloquently put in his post Beatles album, "The Dream is Over." For that generation it was.
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Friday, December 11, 2009
GLD ETF and Fake Gold Conspiracy Theories / Commodities / Gold & Silver 2009
As the world’s second-largest exchange-traded fund, and sixth-largest holder of gold bullion, the GLD gold ETF has grown into a juggernaut. GLD’s mounting popularity among stock-market investors and speculators has made it one of the most powerful forces in the global gold markets. This ETF’s success is all the more remarkable considering it was born just 5 years ago, its rise to prominence has been meteoric.
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Friday, December 11, 2009
China Buying Gold, The Big Story / Commodities / Gold & Silver 2009
Squinting at the gold news from China, both official and private...
CHINA'S LATEST SLEW of positive data "raises the prospect" of Beijing tightening its easy money and fiscal policies, or so the newswires claim. Currency strategist Steven Barrow at Standard Bank adds that China could be more significant for global liquidity than the United States, too.
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Friday, December 11, 2009
Gold Long-term Bull Market Means Buy the Dips / Commodities / Gold & Silver 2009
THE PRICE OF GOLD ticked higher in Asia and early London trade Friday, heading towards the weekend at $1140 an ounce – some 3.4% below the record weekly finish of a fortnight ago – as world stock markets crept towards new 14-month highs.
The "safe haven" Dollar and Yen both eased back on the currency markets, but the British Pound failed to benefit, taking the gold price in Sterling back up to £700 an ounce.
Friday, December 11, 2009
Gold Market Awaits U.S. Retail Sales Data / Commodities / Gold & Silver 2009
Gold has been as high as $1,138.50/oz overnight and has consolidated on yesterdays higher close - the first in four trading sessions. Gold is currently trading at $1,138.50/oz and in euro and GBP terms, gold is trading at €772/oz and £698/oz respectively.
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Friday, December 11, 2009
Are GLD and SLV ETFs Good Proxies for Gold and Silver Bullion Investing? / Commodities / Gold & Silver 2009
This analysis takes a look at the trend relationship between Gold and Silver their respective ETF's as the next in a series of articles as part of my unfolding inflationary mega-trend scenario that I intend on completing before the end of December which will be published as an ebook that I will make available for FREE. Ensure you are subscribed to my always free newsletter to get the latest analysis in your email box and check my most recent analysis on the probable inflation mega-trend at http://www.walayatstreet.com
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Thursday, December 10, 2009
All That’s Gold Does Not Shine / Commodities / Gold & Silver 2009
The well worn phrase, “All that shines is not gold” can be turned about when talking of investing in gold to say, “All that’s gold does not shine.”
Gold has been a fine investment as of late, but how has it done over a long period? How about over a lifetime of investing in comparison to other major assets, such as 3-month Treasuries, US aggregate bonds, and all country world stocks?
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Thursday, December 10, 2009
How to Forecast the Gold Price / Commodities / Gold & Silver 2009
Long-term readers know that gold moves inversely to the dollar, meaning if the dollar drops, gold tends to rise (and vice versa). This happens with about 80% regularity. But what many gold writers haven’t acknowledged is the leveraged movement our favorite metal has demonstrated this year to the world’s reserve currency.
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Thursday, December 10, 2009
Gold Down 10% in Days But Fundamentals Remain Sound / Commodities / Gold & Silver 2009
Gold is trading at $1,127/oz and in euro and GBP terms gold is trading at €766/oz and £692/oz. Support for gold is currently seen at $1,109/oz and resistance at $1,145/oz.
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Thursday, December 10, 2009
Gold Tracks Dollar, as Ticking Debt Time Bombs Threaten Euro / Commodities / Gold & Silver 2009
THE PRICE OF GOLD was little changed Thursday morning in London, recording its lowest AM Fix since Nov. 13th at $1125 per ounce as the US Dollar held onto this week's rally on the currency market.
Both the Swiss and UK central banks kept their key interest rates at historic lows of 0.25% and 0.50% respectively.
Thursday, December 10, 2009
Gold Price Top Indicated by Record Trading Volume / Commodities / Gold & Silver 2009
Last week we saw unusually high volumes of short sellers in the COMEX futures market. On Friday, 4 th December, we saw the biggest volume of sellers in the SPDR (GLD) ETF in its 5 year history. In four working days, between the 3 rd – 8 th December, Gold has had a sharp sell off, dropping more than $100. Together, these show the volatility of investment demand and draw into question whether this is a top for the gold price…
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Wednesday, December 09, 2009
Should the Weakness in The Silver-to-Gold Ratio Make You Worried? / Commodities / Gold & Silver 2009
In my previous essay, apart from commenting on the current situation and suggesting that the top is in for the precious metals sector, I also wrote about the positive fundamental outlook for this particular market as far as long term is concerned. I wrote the following:
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Wednesday, December 09, 2009
Awaiting Downtrend Reversal Signal for Gold / Commodities / Gold & Silver 2009
From the perspective of the Bollinger Bands, spot gold prices appear to be traversing the entire band width from $1225 to $1099 prior to expectations of a tradable low (buying opportunity). Let’s keep an eye on spot gold prices for additional weakness into the $1100 area and a technical upside reversal signal. If such a scenario unfolds, then we should look for a buying opportunity in the SPDR Gold Shares (NYSE: GLD) in the 108.30-107.90 target zone.
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Wednesday, December 09, 2009
Gold Gets Hit Hard, Goldbugs Buying Opportunity or Time to Panic? / Commodities / Gold & Silver 2009
On Thursday of last week, gold hit an all-time high of $1,227 an ounce. Since then, gold’s price is down to $1,145 per ounce for a quick loss of nearly 7 percent.
Strong U.S. employment data were cited as the reason behind this move and other fireworks in the financial markets.
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Wednesday, December 09, 2009
Gold Bounces from $1125 / Commodities / Gold & Silver 2009
THE PRICE OF GOLD bounced from a new 3-week low of $1125 in Asia and London on Wednesday, rising back above what several analysts called "key support" at $1138 as the US Dollar eased back on the forex market.
European equities moved in a tight range, unchanged from nine weeks ago.