Category: Gold & Silver 2009
The analysis published under this category are as follows.Monday, July 20, 2009
Precious Metal Storage......Industry Leader is Leaving the Individual Storage Business / Commodities / Gold & Silver 2009
When an industry leader offers exceptionally low rates for storing precious metals it is easy to become complacent to the real costs associated with storage. Part of a successful storage program is to offer a service that is competitively priced without sacrificing safety. If the program’s expenses do not meet their incoming revenue, a decision has to be made. What many large depositories are finding out is that the old depository model for storing precious metals is simply unprofitable. The costs associated with storage and insurance are only rising. Some large depositories are raising their fees and others are walking away.
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Monday, July 20, 2009
GOLD Analysis and Trading Strategy for 20th July 2009 / Commodities / Gold & Silver 2009
Gold in USD (1 ounce = US$936,70
- Compared to the price two weeks ago nothing much has happened in the goldmarket. After a short drop down to 905US$ Gold moved up again to the rising 50d MA (US$ 938,03). Short covering, a weaker dollar and the strong rally in the broader stock market were responsible for the US$35 gain in the last 5 trading sessions.
Sunday, July 19, 2009
Gold and Silver Rose Rapidly Along With Most Stocks, But Is The Bottom Already In? / Commodities / Gold & Silver 2009
One way to make a killing in gold is to forgo blueberry picking. I read an article in this week’s New York Times about two Swedish grandmothers who found, what experts say, may be one of the richest gold deposits in Europe. The blueberry crop failed that summer, so instead of looking for blueberries, as they did every summer, these amateur geologists went prospecting around their small village.
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Sunday, July 19, 2009
What is Golds Current Trading Range? - Video Analysis / Commodities / Gold & Silver 2009
In today's video we'll be looking at gold.
One of the nice features about MarketClub is the fact that we have real-time gold prices. If you're going to be trading or looking at gold (XAUUSDO) you need real-time prices.
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Saturday, July 18, 2009
Gold Bullish Inverse Head and Shoulders Pattern? / Commodities / Gold & Silver 2009
The trend started to look good at the beginning of the week but petered out by week-end. Now, what’s next? Well, despite what I might have mentioned last week we just might be setting up a reverse head and shoulder pattern. Read about it in the short term section.
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Friday, July 17, 2009
Silver, the Metal of Hope / Commodities / Gold & Silver 2009
Recently I was asked to do an interview with Philip Judge of The Anglo Far-East Company.
After the interview was completed, Mr. Judge sent our interview out with a short story called "THE METAL OF HOPE."
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Friday, July 17, 2009
Gold Breaking Out To the Upside / Commodities / Gold & Silver 2009
The week is beginning with some major changes in equities, treasury bonds and commodity prices. Starting on Monday, Gold started significant move to the upside, turning both short and intermediate term charts bullish:
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Friday, July 17, 2009
Gold Remains Stable as Global Stock Markets Tick Higher / Commodities / Gold & Silver 2009
THE PRICE OF PHYSICAL GOLD slipped into the New York opening on Friday, easing back $2 from a London AM Gold Fix of $934.50 an ounce as global stock markets ticked higher for the fourth session this week.
Crude oil held onto Thursday's bounce above $62 per barrel. US government debt prices rose, pushing the yield on 10-year Treasuries down to 3.45%.
Friday, July 17, 2009
Gold Tight Trading Amidst Swine Flu Pandemic Fears / Commodities / Gold & Silver 2009
Gold continues to trade between $932/oz and $939/oz as it has done since Wednesday. The precious metals market may take direction from US corporate results today. Despite the ramifications of a possible bankruptcy by CIT Group, the commercial lender, US stocks closed near their highs for the year following a late rally.
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Thursday, July 16, 2009
With Inflation on the Horizon, Gold Prices are Ready to Rocket / Commodities / Gold & Silver 2009
Jason Simpkins writes: With the global economy on the mend, could gold be gearing up for another record-setting run? It sure looks that way. After peaking north of the $1,000 per ounce price level last year, gold hit a stumbling block when deflationary fears in the world's largest economy sucked the air out of commodities prices and sent hoards of investors stampeding into the safe-haven of U.S. Treasuries, and helped spawn a rebound in the U.S. dollar. Since that time, the global economic outlook - especially beyond U.S. borders - has improved, and gold prices have stabilized. The next step - many gold bulls say - is for the yellow metal to make a run for new highs.
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Thursday, July 16, 2009
U.S. Investor Cash leaving for Swiss Gold Vaults / Commodities / Gold & Silver 2009
THE PRICE OF GOLD slipped 0.7% early in New York on Thursday, repeating an earlier drop to $935 after gaining $30 an ounce so far this week.
European stock markets faltered, cutting earlier gains to 0.5% by late afternoon.
Thursday, July 16, 2009
Gold Climbs on the Back of U.S. Dollar Weakness / Commodities / Gold & Silver 2009
Gold: Gold continues to hold steady above the $930 level and has climbed in morning trading to $939. Indeed this climb is the biggest since April and is on the back of the continuing weakness of the dollar and a rally in oil prices. A weak dollar and inflationary fears are causing investors to seek alternative hedging strategies and gold is confirming its safe haven status with its continuing strength.
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Wednesday, July 15, 2009
... / Commodities / Gold & Silver 2009
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Wednesday, July 15, 2009
Gold Mid-Year Seasonal Trend Review July 2009 / Commodities / Gold & Silver 2009
During the course of the year, it is always good to sit back and review the current markets you’re involved in. In this manner, one would look at the performance not only from a percentage gain or loss basis, but in the field of seasonality as well. In other words, if we are interested in the gold market, we want to see if it is following the typical script in price movement in relation to past years. Keeping an eye on seasonality will alert you to when the best chance for highs and lows to occur during the year.
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Wednesday, July 15, 2009
Gold Follows Stocks Higher on Increased Risk Appetite / Commodities / Gold & Silver 2009
The PRICE OF PHYSICAL GOLD pushed higher once more early Wednesday, rising to its best level since July 2nd at $938 an ounce as world stock market also rose yet again and the United States reported faster-than-expected consumer price inflation.
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Wednesday, July 15, 2009
Gold Holding Steady at the $930 level / Commodities / Gold & Silver 2009
Higher than expected inflation figures out of the U.S yesterday buoyed the price of gold. Gold is holding steady at the $930 level, recovering from some of its recent losses. Gold’s fundamentals remain sound and the news that David Einhorn’s Greenlight Capital Inc. hedge fund has moved its gold position from an ETF into physical bullion in the second quarter, will further bolster the case for physical possession of the yellow metal to hedge against possible financial and economic difficulties.
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Tuesday, July 14, 2009
Gold, the King of Metals Will Keep Its Crown / Commodities / Gold & Silver 2009
Agoracom market analyst Peter Grandich, who isn’t among those who expect the world at large to emerge from “this absolutely horrific downturn” by year-end, instead sees good opportunities on the horizon for investors who want to “buy things on the cheap” because prices will fall in the equity markets. He also sees bright prospects for gold—particularly gold ETFs and mining companies that are in or near production and have potential for developing additional deposits. At the same time, Peter tells The Gold Report that the “severely wounded” U.S. economy should anticipate rougher and tougher times. Given his penchant for accurate predictions, that’s not a very comforting forecast.
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Tuesday, July 14, 2009
Gold, Silver, HUI, - Rally’s Are Starting! / Commodities / Gold & Silver 2009
A few weeks ago I drew your attention to the ‘golden cross-overs’ that have been showing up in so many charts. These cross-overs (where the 50DMA move into positive alignment with the 200DMA), are still intact, and continue to progress.
By way of review, here is the cross-over for the GLD gold ETF.
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Tuesday, July 14, 2009
Worried about Future Inflation? Don’t Be. Just Prepare and Prosper / Commodities / Gold & Silver 2009
As the table below depicts, commodity related stocks and their associated warrants are wasting little time recouping the major losses they incurred in 2008 and are already up 30% and 74%, respectively, YTD, even though they are currently suffering from the summer doldrums.
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Tuesday, July 14, 2009
Gold Rallies with Stocks Stocks as Goldman Earnings Boost Risk Appetite / Commodities / Gold & Silver 2009
THE PRICE OF GOLD jumped to a one-week high of $926 Tuesday lunchtime in London, ticking back with world stock markets and non-US currencies after US retail sales and producer-price inflation both showed a sharper than expected recovery.
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