Category: Gold & Silver 2009
The analysis published under this category are as follows.Sunday, May 17, 2009
The Silent "Stealth" Rally in Gold / Commodities / Gold & Silver 2009
It was a typical options expiration week with markets showing a lassitude that normally accompanies this event. Trading volume was relatively low and action was lacking for the most part across the board as traders seemed to be on a mental vacation this week.Read full article... Read full article...
Sunday, May 17, 2009
Gold's Manipulated Slow Stead Climb Higher / Commodities / Gold & Silver 2009
It’s been a steady climb all week, even on minus days the lows were always higher. However, the action still is not enthusiastic. Not that gold is about to plunge, it’s just that it doesn’t seem to be getting anywhere fast.
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Friday, May 15, 2009
Gold, When to Buy and Sell? Where Next? / Commodities / Gold & Silver 2009
It is always so easy to ask someone, “Can I buy at the bottom and sell at the top?” But life doesn’t let too many of us do that and when it does it has a nasty habit of letting us do it once or maybe twice then lets us get it wrong after that. Many believe that once you have the technical picture giving the top and the bottom that will do the trick, but alas, many technical analysts will come up with different prices for tops and bottoms.
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Friday, May 15, 2009
Gold 2009: Trend, Forecasts and the Story So Far / Commodities / Gold & Silver 2009
Whether inflation or deflation strikes, a growing number of people are fast buying gold for defence...
IT'S COMMON KNOWLEDGE that gold bullion proved the most reliable wealth-store during the vicious inflation of the late 1970s. Yet almost un-noticed, gold has once again been the best-performing asset bar none this decade, too.
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Friday, May 15, 2009
Reflections on the Price of Gold / Commodities / Gold & Silver 2009
I wrote an essay about gold a few weeks ago (Gold Price Forecast: Market-Long-Wave Analysis 2009-2012)
What was bothering me was along the lines of what Adam Smith once said, that "an owner-occupier house generates no income for its owner". That's of course until (perhaps) when he sells it; (equity withdrawals don't count- you are supposed to pay the money back so it's not income, and in those days they weren't blessed with the joys of credit default swaps). Gold is pretty similar.
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Friday, May 15, 2009
Gold Strong End to the Week on Rising Inflation / Commodities / Gold & Silver 2009
THE PRICE OF WHOLESALE GOLD held steady against most major currencies Friday AM, gaining for the second week running and nearing its best Dollar finish since late March at $928 an ounce.
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Friday, May 15, 2009
Gold Continues to Consolidate After Recent Gains / Commodities / Gold & Silver 2009
Further consolidation was seen yesterday with gold and silver rising marginally again and both look set to have a second strong week of gains.
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Friday, May 15, 2009
Silver Mining Company Implications of a “Sullivan-style Massive Sulfide Beds” Project Model / Commodities / Gold & Silver 2009
I almost always focus these weekly missives on the precious metals or economy but seldom write about mining companies. This week I decided to give our readers a little taste of one high potential situation we have been following closely. The name and symbol are left out intentionally because many Internet hosting sites do not want company names involved. This is intended to give the reader some insight into the type of potential a Massive Sulfide discovery may entail.
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Thursday, May 14, 2009
Gold Near 6-Week High as Bond-Insurer Defaults Hit Court / Commodities / Gold & Silver 2009
THE SPOT PRICE of gold ticked $5 lower from yesterday's 6-week high early in London on Thursday, holding flat for non-Dollar investors as world equities fell and the US currency bounced on the forex market.
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Thursday, May 14, 2009
Gold and Silver Flat / Commodities / Gold & Silver 2009
Gold and silver were essentially flat yesterday and consolidated on recent gains despite a slight dollar recovery and marked weakness in equity markets.
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Thursday, May 14, 2009
Gold, Silver and Crude Oil ETF Trading Update / Commodities / Gold & Silver 2009
This has been a volatile week for the market. Equities sold off Wednesday pulling precious metals stocks with it. Crude oil had a small pullback but energy stocks took a beating.
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Wednesday, May 13, 2009
Gold & the Euro: Metal vs. Money / Commodities / Gold & Silver 2009
Gold has now doubled since the Euro first got where it stands against the Dollar today...
SINCE THIS decade’s Dollar Decline first pushed the Euro above $1.35 in late 2004 – a level it reclaimed this week – the price of gold has gone on to double for both US and Eurozone citizens.
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Wednesday, May 13, 2009
Forensic Examination of the Gold Carry Trade, Is There A Supply Deficit? / Commodities / Gold & Silver 2009
If you ask the World Gold Council or their “official numbers keeper” - GFMS – they’ll say there is no persistent gold supply deficit. If you ask the folks at GATA – they’ll claim there is an annual 1,000 – 1,500 tonne gold supply deficit.
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Wednesday, May 13, 2009
Gold Retreats as U.S. Dollar Strengthens Despite Debt Crisis / Commodities / Gold & Silver 2009
THE PRICE OF PHYSICAL GOLD rose to its best level since April 1st in London trade on Wednesday, gaining 0.5% to $928 an ounce before slipping back on a bounce in the Dollar.
The Euro also retreated, down from a new 8-week high above $1.3720, while the British Pound sank 2¢ on a sharp cut in the Bank of England's forecast for the UK economy.
Wednesday, May 13, 2009
Gold and Silver Rally on Back of Increased Risk Aversion / Commodities / Gold & Silver 2009
Gold and silver rose again yesterday (1.2% and 2.3% respectively) as the dollar continues to come under pressure.Read full article... Read full article...
Tuesday, May 12, 2009
Gold Touches New Rally High as U.S. Dollar Falls / Commodities / Gold & Silver 2009
THE GOLD PRICE rose sharply for US investors in London on Tuesday morning, touching $922.50 an ounce as world stock markets held flat and the Dollar fell hard on the currency markets.
The Euro hit its best level in 8 weeks near $1.37, while US crude oil broke fresh 6-month highs above $59 per barrel.
Tuesday, May 12, 2009
Recovering U.S. Dollar Sends Gold and Silver Lower / Commodities / Gold & Silver 2009
Gold and silver took a breather from their gains of last week and consolidated yesterday with marginal losses for both metals. The dollar recovered somewhat from its sharp falls of last week as did long term US interest rates (10-Year: 3.180% -0.113) but US stock markets came under pressure.
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Monday, May 11, 2009
Government Wealth Destroying Policies to Drive Gold Much Higher / Commodities / Gold & Silver 2009
Will the wealth destroying policies of the Obama Regime make the People's Bank of China full-fledged Gold Bugs? Chinese officials announce their purchases of Gold, and continue to raise concerns about U.S. economic policy and the associated implications for the value of the U.S. dollar. One might think they have indeed become Gold Bugs. If that be the case, no real surprise should be registered. A casual observation of government economic policies around the world, and in particular in the U.S., since the invention of the central banking and fiat money would convert any rational individual into a Gold Bug. Given the wealth destroying policies of the Obama Regime, a large number of people might wake up to be Gold Bugs.
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Monday, May 11, 2009
Gold Firm Going into Seasonally Weak Period / Commodities / Gold & Silver 2009
THE PRICE OF GOLD ticked 0.7% lower early Monday, recording an AM Gold Fix in London at $912.50 per ounce as equities fell, government bonds rallied, and the US Dollar bounced one-cent from a seven-week low to the Euro.
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Monday, May 11, 2009
Gold Rises as U.S. Dollar Falls Sharply / Commodities / Gold & Silver 2009
Gold and silver prices rose last week (gold was up 3.1% and silver rose sharply by 11.6%) as the US dollar fell sharply and broke down technically and US bonds continue to sell off aggressively.Read full article... Read full article...