Category: Gold & Silver 2009
The analysis published under this category are as follows.Monday, June 22, 2009
GOLD Analysis and Trading Strategy / Commodities / Gold & Silver 2009
Here is my bi-weekly gold report in different currencies.
Gold spot price Analysis - Gold in USD (1 ounce = US$ 933.50)
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Monday, June 22, 2009
Gold Price Is Boiling Hot! / Commodities / Gold & Silver 2009
Excerpt From The Walrus and The Carpenter By Lewis Carroll
“The time has come, the Walrus said,
To talk of many things:
Of shoes - and ships - and sealing-wax
Of cabbages - and kings
And why the sea is boiling hot –
And whether pigs have wings."
Monday, June 22, 2009
Gold Hits 5-Week Low Ahead of Fed's "Dollar Devaluation" Vote / Commodities / Gold & Silver 2009
THE SPOT PRICE OF physical gold sank to new 5-week lows at $924 an ounce early in London on Monday, recording the lowest Gold Fix since 18th May as the US Dollar held steady on the foreign exchanges and world stock markets fell.
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Monday, June 22, 2009
Analysis of Sentiment Suggests that Precious Metals Are Likely to Shine Once Again / Commodities / Gold & Silver 2009
This essay is based on the Premium Update posted on June 20th, 2009 - In my previous Premium Update I have emphasized the meaning of sentiment and how one can analyze it to gain advantage over other market participants. I have received very positive feedback after posting it, so I decided to include a part of this week’s update dedicated to sentiment also into the publicly available free commentary.
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Monday, June 22, 2009
Gold Taking Directions From the Currency Markets / Commodities / Gold & Silver 2009
Gold: Gold steadied on Friday as the dollar index reversed earlier losses but Gold is still taking its direction from the currency markets. The Dollar remains in a very tight range ahead of a Federal Reserve meeting next week.Read full article... Read full article...
Monday, June 22, 2009
Silver Correction Over, Strongly Bullish Overall Pattern / Commodities / Gold & Silver 2009
We are believed to be at a good entry point for silver here as the overall pattern is strongly bullish, and the predicted reaction of the past few weeks, which has served to unwind the earlier overbought condition, is now thought to have run its course.
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Sunday, June 21, 2009
Gold Corrective Downtrend Imminent End to Target New Highs / Commodities / Gold & Silver 2009
Gold broke down and went into decline, as predicted in the last update posted early this month. At that time our maximum downside target was the strong support in the $880 area, but now there are strong signs that the decline has either run its course, or is close to having done so, and that a breakout to new highs may be close at hand.
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Sunday, June 21, 2009
Gold Potential Long-term Double Top Pattern / Commodities / Gold & Silver 2009
Gold dropped a little during the week but really went nowhere in the whole scheme of things. Lots of conversation about where gold is headed, in my local technical googlegroup. Here, you only get the simple, “where are we now?” and “what is the existing direction of trend?”. When things change my indicators will change and I will change with them.
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Friday, June 19, 2009
How the Gold Bull Market Ended / Commodities / Gold & Silver 2009
"Who needed gold when a clampdown on speculation collided with strong real returns paid to cash? And who doesn't need at least a little today...?"
TUESDAY, 22nd JANUARY was a day like any other, only more so, as 1980 got under way.
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Friday, June 19, 2009
Silver Gold Ratio Reversion Points to Serious Under Valuation of Silver / Commodities / Gold & Silver 2009
Silver has endured a rather tough June so far. After peaking just under $16 on the 2nd, this white precious metal plunged 12% to just over $14 by the 15th. This is certainly a significant decline for less than 2 weeks, so silver traders are anxiously wondering what it portends. Will silver languish in the summer doldrums again this year?
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Friday, June 19, 2009
Trading Gold with the Gold Direction Indicator / Commodities / Gold & Silver 2009
In my last article, posted on May 13th, I drew your attention to the HUI index. The article was titled: “All eyes are on Huey”. The article pointed out that the HUI index was breaking out at 350. As it turned out Huey rose to 400, an increase of 14%. At that point I alerted my subscribers to take partial profits as it appeared that the index was going to test the breakout. My subscribers saw me take some money off the table, as I e-mailed the trading details the same day.
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Friday, June 19, 2009
Gold Unmoved by IMF Gold Sales Approval / Commodities / Gold & Silver 2009
THE PRICE OF GOLD held in a tight range Friday morning in London, little changed from last week's close as government bonds ticked higher and world stock markets rose.
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Friday, June 19, 2009
What's Next for Gold and Gold Stocks / Commodities / Gold & Silver 2009
I am a big, big fan of Exter's liquidity pyramid. John Exter was a central bankster who worked at the federal reserve in the 1940s and 1950s. His concern about a global fiat money system, once it emerged, was that it would eventually blow out in a deflationary implosion rather than an inflationary one. This is not a common thesis, yet it is one I believe is being proven correct in front of our eyes.
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Friday, June 19, 2009
David Morgan Interviewed by Nancy Massicotte of The Opportunity Show / Commodities / Gold & Silver 2009
Ellis Martin: Welcome to The Opportunity Show. I’m Ellis Martin. Today we have an interesting interview from Vancouver, British Columbia, with our correspondent Nancy Massicotte and The Silver Guru, David Morgan.
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Thursday, June 18, 2009
Gold Finds Support, as Bank Regulation & Moral Hazard Spark Political Rows / Commodities / Gold & Silver 2009
THE SPOT PRICE OF GOLD held steady in a tight range early Thursday, unchanged for the week after Monday's 1.4% drop, as European shares fell for the fifth day running.
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Thursday, June 18, 2009
Gold Pushes Higher on World Bank China Growth Forecast / Commodities / Gold & Silver 2009
The long term trend line price of gold at $925, which has been steady since Monday, pushed higher today based on news that the World Bank has raised its growth forecast for China. The Chinese stock market rallied as did commodities across the board. Another main factor behind the return of bullish sentiment for gold is the euro.
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Wednesday, June 17, 2009
Russian President Calls IMF to Expand SDR's to Include Gold / Commodities / Gold & Silver 2009
Yesterday's comments by Russian President Dmitry Medvedev at the BRIC summit, calling upon the International Monetary Fund (IMF) to expand the currency basket of Special Drawing Rights to include the Chinese yuan, commodity currencies and gold in order that it matures into a reserve currency, is positive for gold as it shows how gold is again being viewed as an important monetary asset.Read full article... Read full article...
Wednesday, June 17, 2009
Gold Steady as Deflation Hits Commodities / Commodities / Gold & Silver 2009
THE PRICE OF GOLD slipped for US and Euro investors but rose towards 3-session highs for UK buyers on Wednesday as the British Pound fell on worsening economic news.
World stock markets dropped along with commodity prices, while new US data showed Consumer Price Inflation sinking to minus 1.3% in May, the sharpest year-on-year deflation in prices since Jan. 1950.
Tuesday, June 16, 2009
Gold Important Trading Update / Commodities / Gold & Silver 2009
Will the long-term support line stop the hemorrhaging in the gold market?
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Tuesday, June 16, 2009
Gold Hit by Deflation / Commodities / Gold & Silver 2009
THE SPOT PRICE OF GOLD recovered two-thirds of yesterday's 1.4% drop for US investors in London on Tuesday, but it dropped further against all other major currencies as the Dollar fell hard on the forex market.
"Gold is currently testing its 100-day moving average (925.24)," says a technical note from London market-makers Scotia Mocatta. "A substantial break below would be bearish [but] throughout April the 100-day proved a poor signal.