Category: Gold & Silver 2009
The analysis published under this category are as follows.Monday, August 03, 2009
Golden Umbrellas in an Economic Downpour / Economics / Gold & Silver 2009
Richard Daughty writes: I gotta admit that I am very jealous of Ambrose Evans-Pritchard, who is the international business editor of The Daily Telegraph, and who is famous and smart and probably makes a lot of money that he spends having fun with his many friends, while I am “none of the above” and pretty bitter about it, too.
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Monday, August 03, 2009
Buying Gold & Gold Investing / Commodities / Gold & Silver 2009
Buying Gold is picking up. The question is will Gold take out the $1,000 price range this time? Gold investing has been quiet recently. There seems no interest in the news since Gold fell off earlier in the summer. Buying Gold has fallen off. Now since buying Gold has fallen off…will Gold take out $1,000 this time since no one expects it to?
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Monday, August 03, 2009
Why Gold Could Breakout to $1,300 by End of 2009 / Commodities / Gold & Silver 2009
Gold may be nearing its next major leg up.
No investment ever goes straight up or straight down. During the last bull market in gold, the precious metal rose 2,329% from a low of $35 in 1970 to a high of $850 in 1980. However, during that time, there was a period of 18 months in which gold fell nearly 50% (see the chart below).
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Sunday, August 02, 2009
Gold Friday Price Surge, Volume Will Point the Way / Commodities / Gold & Silver 2009
If it wasn’t for Friday it would have been a miserable week for gold. It would be interesting to know the trading volume on Friday (it’s not usually available until Monday, for what reason has always been a mystery to me). More about this volume business below.
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Friday, July 31, 2009
Profitably Playing the Next MegaMove in Gold and Silver / Commodities / Gold & Silver 2009
“Is it not a huge conflict of interest that JP Morgan (JPM), a bank that perpetually ranks among the largest short positions against silver on the COMEX, is the custodian for the iShares Silver Trust (SLV)? According to silver analyst Ted Butler, JP Morgan is consistently among the one or two U.S. banks that hold more than 80% to 90% of the entire commercial net short position in COMEX silver futures. If you have positioned yourself to make huge profits from drops in the price of silver, is it reasonable for you to simultaneously desire investors to buy more physical silver (if indeed the SLV holds the amount of physical silver it claims)?
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Friday, July 31, 2009
Gold Rockets with the Euro / Commodities / Gold & Silver 2009
Gold prices and the SPDR Gold Shares (NYSE: GLD) have rocketed in sympathy with the thrust in euro/dollar to 1.4250 from 1.4030. What caused the simultaneous sudden spikes in gold and euro right now remains a mystery. However, the fact is that today’s surge in the GLD is pushing up against important resistance at 94.00, which if hurdled should trigger a run at more critical resistance at 95.85.
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Friday, July 31, 2009
Falling Global Gold Production / Commodities / Gold & Silver 2009
There is no denying gold’s store-of-value relevance throughout the history of the world. It has been and will always be the ultimate form of currency. Even today gold’s alluring and timeless qualities transcend every political, social, and monetary boundary that man puts into place. Gold’s core fundamentals will forever be rock solid.
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Friday, July 31, 2009
Silver Investing Risk and Reward Analysis / Commodities / Gold & Silver 2009
One of the questions I am asked most frequently is, “Where can I invest in precious metals to maximize returns?” The answer is not as straightforward as one might expect.
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Friday, July 31, 2009
Gold BreakOut on U.S. Dollar Devalution Expectations? / Commodities / Gold & Silver 2009
Some sage gold watchers are expecting a major $ devaluation before the end of the year! Some say it could be any day now. Certainly the fundamentals have pointed that way, as we have discussed for some time now, this despite the repeated "Strong $ Policy" statement from this and the last Administration. The concept is no doubt alarming and implies a radical change in global economics.
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Friday, July 31, 2009
Gold's Mini Rally After the Plunge / Commodities / Gold & Silver 2009
Gold: After falling by nearly $30/oz on Tuesday, to $926/oz, gold experienced a mini rally yesterday moving back to $938/oz in early trading. Whether this is a temporary bounce after a significant sell off remains to be seen.
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Friday, July 31, 2009
Commodities Still a Lot More Attractive Than Stocks / Commodities / Gold & Silver 2009
One has to admit, the stock market has shown remarkable resilience during this crisis. If we are to assume that the stock market has bottomed (I doubt it), then stocks managed to do so at levels far higher than they usually hit during recessions.
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Thursday, July 30, 2009
Gold Warning For Investors During Recessions Depressions / Commodities / Gold & Silver 2009
The following article is adapted 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 revealing 40-page eBook, download it for free here.
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Thursday, July 30, 2009
Gold New High of $1033 Should be Reached Due to Continuing Risk Aversion / Commodities / Gold & Silver 2009
Gold: Gold fell by $25 yesterday but has found reasonable support at $930/oz. In the short term, the daily momentum would appear to be bearish for gold and although it may experience a temporary bounce in the next day or two, a move to the downside should be expected, possibly falling as low as $905/oz.
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Wednesday, July 29, 2009
Gold Lacks Relative Strength / Commodities / Gold & Silver 2009
Gold is not going to breakout anytime soon. Its relative strength or lack thereof, is the chief reason. Gold has been rising recently, only due to the positive tide in most markets. In the chart below, you can see that the various ratio charts have formed a negative divergence to Gold. Gold has not only been weak against commodities and stocks but also foreign currencies. On the positive side, the ratio charts have formed a serious long-term positive divergence. Relatively speaking, Gold has bested its 2008 highs in most forms, but not in US dollars.
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Wednesday, July 29, 2009
Gold Price Implodes, What Happened to the Gold Market? / Commodities / Gold & Silver 2009
I think it came as a big surprise to many traders that the gold market imploded on Tuesday pushing to its lowest levels in several days.
The downward spiral was enough to trigger a daily "Trade Triangle" which moved us into the neutral camp on this market. Exiting our long gold position based on our "Trade Triangle" signals produced a very small profit or in some cases of break even trade.
Wednesday, July 29, 2009
Storing Bullion Internationally / Commodities / Gold & Silver 2009
"Tis the part of the wise man to keep himself today for tomorrow, and not venture all his eggs in one basket.”
Many investors internationally will wish that they had paid attention to the wise old proverb used by Cervantes in Don Quixote in 1605.
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Tuesday, July 28, 2009
The Three Triggers for the Global Gold Bubble / Commodities / Gold & Silver 2009
Peter Krauth writes: As you review your investment portfolio to size up your current exposure to gold, keep one key point in mind: When it comes to profits, there's no rush like a speculative gold rush.
And that's just what we have at hand.
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Tuesday, July 28, 2009
U.S. Dollar Dying, Gold Gleaming / Commodities / Gold & Silver 2009
Larry Edelson and Richard Mogey write: Although sharp rallies are always possible, we have no doubt the greenback’s long-term future is grim.
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Tuesday, July 28, 2009
Gold and Silver Moving Higher / Commodities / Gold & Silver 2009
The week ended with gold and silver closing near or at their highs for the week, with silver slightly outperforming gold.
The following charts illustrate the short term picture for both gold and silver:
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Monday, July 27, 2009
Rearranging Deck Chairs On The U$$ Titanic / Commodities / Gold & Silver 2009
America’s paper empire is slowly sinking into the sea, and all the powers that be can do about it is rearrange the deck chairs for a while as they wait for the inevitable. Increasingly, more and more people are comparing the US to Japan, and it’s 20-plus year bear market / economic doldrums, realizing try as they might, the prognosis for American is a match. This is of course why the stock market trading patterns are a match, because once you bubblize the real estate market (Japan peaked in 1990) it’s all over, as this assures a structural high in credit creation that cannot be fixed as easily as floating a new CDO, or throwing a trillion or two at the bond market. Nope – once you play that card, as Sir Allen did back in 2002 to counter the negative effects of the tech wreck, yet another bubble he inspired, there’s nothing left to do but inflate with abandon and hope nobody notices.
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