Category: Gold & Silver 2009
The analysis published under this category are as follows.Tuesday, July 07, 2009
Why Trillion-Dollar Infusion May Not Produce Inflation—or Drive Gold Up / Commodities / Gold & Silver 2009
Where is the aggressive inflation that was supposed to follow the government's tremendous expansion of the money supply? Why hasn't the new money propelled the price of gold higher? Pierce Points author Dave Forest shares his answers, which counter traditional theories, in this exclusive Gold Report interview. He also talks about some of the companies he likes no matter which way the pendulum swings. Juniors with plenty of project options to choose from are among the equities Dave favors. In his view, those with a strategy for discovery and the cash to do it are good protectors of investment that will do well regardless of what happens on Wall Street—in either an inflationary or deflationary environment.
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Tuesday, July 07, 2009
Gold "Nearing Break-Out" as Obama Economic Stimulus Fails / Commodities / Gold & Silver 2009
THE PRICE OF GOLD gained more than 1.0% for both US and UK investors on Tuesday morning in London, unwinding yesterday's losses as European stocks rose but volatility hit the currency markets.
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Tuesday, July 07, 2009
Gold Looks to Currencies for Guidance / Commodities / Gold & Silver 2009
Gold: Gold is presently trading at $925.00 and seems to be looking for guidance from currency movements. The market remains directionless with GBP/USD, EUR/USD and stock markets having come off their yearly peak at the start of June. The range still remains $913 to $945. One should be cognisant that this drifting price range remains despite the unfolding deteriorating economic backdrop.Read full article... Read full article...
Tuesday, July 07, 2009
Bad News for Gold Bulls / Commodities / Gold & Silver 2009
Don't shoot the messenger. In the last Gold Market update (click here to access), we mentioned the range in which Gold was trading then.
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Monday, July 06, 2009
Who Will Buy the I.M.F. Gold and When? / Commodities / Gold & Silver 2009
At last, the U.S. Congress has permitted the U.S. representative at the I.M.F. to vote to sell the 403 tonnes of gold the I.M.F. bought from Brazil and Mexico. As it is not an individual member's gold we fully expect the members of the fund to OK its sale. The legislation will permit U.S. representatives to the I.M.F. to agree to its planned sale of 13 million ounces of gold, one-eighth of the organization's holdings.
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Monday, July 06, 2009
GOLD Futures Analysis & Trading Strategy July 6th, 2009 / Commodities / Gold & Silver 2009
Gold Spotprice Analysis - Gold in USD (one ounce = US$931.50)- During the last two weeks the price of gold moved sideways between US$948 and US$913. It looks like the correction since early june took at least a break. Exactly at the 61,8% Retracement of the last rally at US$912,70 the market found a shortterm bottom and Gold went up to nearly US$950 pretty quickly. At this level resistance was too strong and selling started again. At the end of last week Gold was down already more than 15 dollar closing at US$931.
Monday, July 06, 2009
Fed Monetization of U.S. Debt to Drive Gold Higher / Commodities / Gold & Silver 2009
Global condemnation of the Obama Regime’s failing economic policies continues to grow. India is now questioning their investment in U.S. dollar denominated assets. That nation is the latest to join China, Russia, and Brazil in publicly worrying over the consequences of those misguided policies. BRIC has now become the most prominent activist investor group trying to either create an alternative to the U.S. dollar or force sound financial policies on the U.S.
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Monday, July 06, 2009
Are Gold and Silver Both Ready For Their Next Substantial Upleg? / Commodities / Gold & Silver 2009
I like gold and the whole precious metals market which is why I follow it, invest in it and base my professional life around it. Warren Buffet, one of the world’s savviest investors, doesn’t like gold at all. He doesn’t believe in it. In fact, in a speech he gave at Harvard University in 1998 this is what he had to say about gold:
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Monday, July 06, 2009
Gold Down vs. "Safe Haven" U.S. Dollar / Commodities / Gold & Silver 2009
THE PRICE OF GOLD for US investors fell 1.2% in London on Monday morning, but held flat against other major Western currencies as all markets bar government bonds fell against want one dealer called the "safe haven" Dollar.
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Sunday, July 05, 2009
Gold Outperforms the U.S. Dollar During Deflation / Commodities / Gold & Silver 2009
Karl Denninger over at Market Ticker just came out with his 2009 prediction review bashing Gold and Robert Prechter has considered the entire run in Gold since 2000 some kind of weird Elliott Wave correction despite a 300% advance from the early 2000s. Deflation and Gold are not incompatible and it seems odd to me that such seasoned commentators are blind to it. I respect both of these gentlemen and their opinions but I disagree with their views on Gold.
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Friday, July 03, 2009
Gold is Money and Nothing Else / Commodities / Gold & Silver 2009
The title of this post is actually a quote from Mr. JP Morgan in the early 1900s during a Congressional hearing in the United States. Big league bankstas know the role of Gold in the system. Gold is the asset base upon which paper schemes and leverage are constructed. Gold is not a way to get rich, but it is savings and it is money.
Friday, July 03, 2009
Silver Stocks and ETF / Commodities / Gold & Silver 2009
When the words “precious metals” are spoken, gold is usually what comes to mind first. And in the universe of PM stocks it is indeed gold that most miners are after. The vast majority of PM mining companies explore for and ultimately seek to find the Ancient Metal of Kings. But gold is not the only precious metal.
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Friday, July 03, 2009
Gold Ends Week Down Nearly 1% / Commodities / Gold & Silver 2009
THE PRICE OF GOLD recovered one-half of Thursday's drop in London on Friday, heading into the close 0.7% down for the week as world stock markets held flat after yesterday's sharp losses and government bonds ticked higher.
Friday, July 03, 2009
Silver Response to Inflation and Deflation the United States / Commodities / Gold & Silver 2009
The following is an excerpt from the March issue of The Morgan Report. This followed a lengthy discussion of how silver and gold both performed during inflationary and deflationary periods. Most of what I wrote was based upon the work of Roy Jastram and his work on Silver the Restless Metal and the Golden Constant.
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Thursday, July 02, 2009
Captial Gains Tax Charged on Gold Profits / Commodities / Gold & Silver 2009
Capital Gains on Gold are punitively taxed at a higher rate than stocks or other investment capital gains, as they are treated as "collectibles." This is yet another way the government discourages Gold ownership and forces people to accept their intrinsically worthless paper tickets. Forcing people into the fiat casino so that they can be stripped of the fruits of their labor is the heart of what Gold Versus Paper is against.
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Thursday, July 02, 2009
Preserve Your Wealth with Precious Metals / Commodities / Gold & Silver 2009
“I’m not so much interested in the return on my money as I am the return of my capital." -Will Rogers
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Thursday, July 02, 2009
China Wants New Global Currency Which is Positive for Gold / Commodities / Gold & Silver 2009
Gold: China has requested that a new global currency be discussed at next week's Group of Eight meeting in Italy. The news sent the dollar into a downward spiral and the price of gold rallied above $940, confirming its status as a currency hedge.
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Thursday, July 02, 2009
Gold Bull Market Next stop is $2,100 not $1,300 / Commodities / Gold & Silver 2009
Practically everyone in the gold community has mentioned the inverse head and shoulders pattern on the gold chart and the corresponding $1,300 target. The target is correct but the interpretation of the pattern is not entirely correct. That target comes from the pattern being a reversal pattern but in the current case of Gold it is not a reversal pattern. There is no downtrend it is reversing from. However, the pattern can actually function as a continuation pattern as John Murphy explains in his book, Technical Analysis of the Financial Markets:
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Thursday, July 02, 2009
Gold Price Slumps After Failing to Break Higher / Commodities / Gold & Silver 2009
THE PRICE OF GOLD slumped into the New York opening once again on Thursday, dropping sharply from above $940 for the second time in two days as the Dollar rallied and stock markets fell on worse-than-expected US jobless data.
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Thursday, July 02, 2009
Gold: The Line of Least Resistance / Commodities / Gold & Silver 2009
Gold ! The ancient metal of kings. A lot has been written and discussed lately about gold's ability and inability to go parabolic and move past the 1000 USD barrier. There are fundamentally based discussions about effects of quantitative easing, the monetary basis, M3, the prospect of hyper-inflation vs. deflation, derivatives, artificial gold price suppression, Commitment of Traders reports.
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