Category: Gold & Silver 2009
The analysis published under this category are as follows.Monday, August 31, 2009
Are We Facing a Banking Crisis? Is the Gold Price About to Explode? / Commodities / Gold & Silver 2009
FLIGHT TO SAFETY APPEARS IMMINENT
Summary
The markets appear to be anticipating a banking crisis.
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Monday, August 31, 2009
Gold Buying Opportunity of a Lifetime? / Commodities / Gold & Silver 2009
Beware: Gold is setting itself up for "the buy of a lifetime." Only the resource we're about to share with you will help you prepare for it.
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Sunday, August 30, 2009
Is the Stock Market Overbought What Does it Mean for Gold and Silver? / Commodities / Gold & Silver 2009
I have to confess to a love affair that goes back a long ways with that exciting, hyper-volatile metal-- silver.
This week The Wall Street Journal reported that silver has enjoyed greater price gains than gold so far in 2009. The Journal noted that silver often follows gold, although sometimes with greater moves since it is a less-active market and thus more prone to volatile price swings. Naturally, silver’s stillness is limited to many consolidation periods, and to the early parts of a particular upleg. When silver finally does move near the end of a rally, the move is likely to be substantial. So far in 2009, December silver futures have risen 26%, while December gold is up 6%, the Journal reported.
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Sunday, August 30, 2009
Gold and Silver Hidden Chart Messages / Commodities / Gold & Silver 2009
We may have seen a blow off high for the 30 year T-bond when the price moved up and out of the channel that has been in effect since 1987. This channel was in place for 22 years without being violated in either direction. A blow-off high may indicate that a breach of the lower channel line will occur. A close below the lower channel line will indicate rising interest rates. That would be bullish for the U. S. Dollar and bearish for gold Vis a Vis the U. S. Dollar.
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Sunday, August 30, 2009
Gold Continues Towards the Mouth of a Megaphone Pattern / Commodities / Gold & Silver 2009
Gold price continues to move towards the mouth of a megaphone pattern. The longer it stays within the megaphone the weaker a break-out may be. Let’s hear it for a break-out NOW, and on the up side.
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Sunday, August 30, 2009
Palladiums Bullish Posture Bodes Well for All Precious Metals / Commodities / Gold & Silver 2009
The Economy - Congressman Ron Paul continues his relentless fight for freedom and liberty. The man is simply amazing. Words cannot express his actions. Here are three bills he recently introduced.
- HR 3395: The Health Freedom Act
- HR 3394: The Health Information Protection Act
- HR 3396: The Congressional Responsibility & Accountability Act
Sunday, August 30, 2009
Precious Metals Bull Market, We Haven't Seen Anything Yet / Commodities / Gold & Silver 2009
The stock market's still on tap for a ferocious fall after Labor Day, claims TraderTracks editor Roger Wiegand—as he told The Gold Report a few months back. The veteran prognosticator doesn't see much to be encouraged about on the global economic front, either, with the engines of growth "melting like snow in July." However, he does see the makings of some "pretty exciting" action in precious metals.
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Saturday, August 29, 2009
Why Did the U.S. Government Confiscate Gold in 1933 and Can it Happen Again? Part3 / Commodities / Gold & Silver 2009
In this the third part of this series we look at the fall of gold as a medium of exchange and the freeing up of gold ownership from August 15th 1974 onwards.
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Friday, August 28, 2009
Gold Is Pale Because It Has So Many Thieves Plotting Against It / Commodities / Gold & Silver 2009
* The title is a quotation from Diogenes Laertius (fl. 2nd century A.D.) This was the favorite quotation of the late Chicago economist and gold expert Melchior Palyi.
25 years ago I visited Comex at the World Trade Center, watching the feverish activity in the gold pit from behind the glass wall in the gallery. A gentleman standing next, unknown to me, remarked: "One day this make-believe charade will come to a bad end. All that these guys are doing down there is creating ever more claims to the same lump of gold -- just as governments have been doing before they met their ignominious fate."
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Friday, August 28, 2009
Gold's Seasonal Bull Market / Commodities / Gold & Silver 2009
New gold investors are often surprised to learn that gold prices have a heavy seasonal component. Seasonality makes intuitive sense for commodities inexorably tied to orbital mechanics, like wheat. Their annual late-summer harvest really increases supply. But why should gold, which is mined evenly and continuously throughout the year, have big price swings governed by the solar calendar?
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Friday, August 28, 2009
Four Reasons Why Gold Will Rise During September / Commodities / Gold & Silver 2009
THE PRICE OF GOLD rose in early London trade on Friday, heading into the long August Bank Holiday weekend unchanged from Monday and little changed from the start of the summer at $952 an ounce.
World stock markets also rose, taking London's FTSE100 index to fresh 10-month highs and pulling government bond prices lower.
Thursday, August 27, 2009
U.S. Bank Enemies At The Gates Could Trigger Sudden Gold Breakout / Commodities / Gold & Silver 2009
While all manner of attention remains transfixed inside the United States on a remedy and recovery of its bank sector, once again Americans make dangerous assumptions. They tend to assume that the US Federal Reserve near 0% interest rates, Quantitative Easing (aka exploding Printing Pre$$ output), endless liquidity facilities (e.g. TALF), TARP funds (aka Wall Street slush fund), Stress Tests (rigged), bank stock sales (aided by FASB accounting fraud), bank carry trades (exploiting low short-term & higher long-term rates), and the passage of time can revive the US banking industry. They tend domestically to overlook the gradually worsening insolvency condition. Banks are bracing for a new wave of commercial mortgage losses, of prime Option ARMortgage losses, and credit card losses. The delinquency rate of prime Option ARMs is now higher than subprime home loans!!
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Thursday, August 27, 2009
Gold Break Out Looms as Stocks Battle Bonds / Commodities / Gold & Silver 2009
THE PRICE OF GOLD held inside this week's tight range early Thursday in London, trading up to $949 an ounce as Asian stock markets closed 1% lower and European stocks moved sideways.
Crude oil ticked lower towards $71 per barrel. Government bond prices rose.
Wednesday, August 26, 2009
Are the Bullion Banks losing their grip on Gold and Silver? / Commodities / Gold & Silver 2009
“The Central Bank is an institution of the most deadly hostility existing against the Principles and form of our Constitution. I am an enemy to all banks discounting bills or notes for anything but coin. If the American people allow private banks to control the issuance of their currency, first by inflation, then by deflation the banks and corporations that grow up around them will deprive the people of all their property, until their children will wake up homeless on the continent their Fathers conquered.” - Thomas Jefferson.
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Wednesday, August 26, 2009
Gold and China's Savings Glut, Part I / Commodities / Gold & Silver 2009
"They rush about in disorder, anxious slaves of the three M's – the moment, the mode, and the mob. They see too well their want of dignity and fitness, and need a false elegance to hide their galloping consumption..."
- Friedrich Nietzsche, Thoughts Out of Season II: The Use & Abuse of History (1874)
Wednesday, August 26, 2009
U.S. Dollar Versus Gold, the Flea on a Bull's Back / Commodities / Gold & Silver 2009
Gold versus paper. That's the real battle under the surface. This is the more important battle from a societal standpoint. Honest money or crooked money. Humans will always cheat, steal and lie, but when a system is set up specifically to promote cheating, stealing and lying, this is exactly what happens on a large scale. Though we were only on a quasi-Gold standard from 1934-1971 in the United States, it at least provided a modicum of restraint. Before 1933, we were on a fairly "pure" Gold standard for several decades.
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Wednesday, August 26, 2009
Rope to the Hyper-Inflationalists, Which direction the silver and gold price? / Commodities / Gold & Silver 2009
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Wednesday, August 26, 2009
Gold remains in narrow trading range / Commodities / Gold & Silver 2009
The price of an ounce of gold has remained fairly steady, in the $900 range, since May. The current spot gold rate in early New York trade is $947.80 per ounce, a gain of $2.90 so far on the day.
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Wednesday, August 26, 2009
Gold's Sluggish Summer Near Its End as Huge US Debts Threaten the Dollar / Commodities / Gold & Silver 2009
THE PRICE OF GOLD drifted sideways in what one Hong Kong dealer called "sluggish" trade early Wednesday, briefly touching $950 an ounce as a rally in Asian stock markets failed to carry over to Europe.
The Gold Price in Sterling rose to £582 an ounce, its best level since June 10th, as the Pound sank to a 6-week low on the forex market.
Wednesday, August 26, 2009
The Metastasis of Moral Hazard and its Effect on Gold / Commodities / Gold & Silver 2009
To those who study the numbers, it is now obvious that America’s fiscal situation is hopeless. Given the country’s current debt and unfunded liabilities of $75,000,000,000,000, an amount growing by at least $5,000,000,000,000 per year, it will be statistically impossible for the United States to pay its obligations unless it repudiates them in large measure, or the dollar is sacrificed on the altar of searing, society-altering inflation.
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