Category: Gold & Silver 2009
The analysis published under this category are as follows.Monday, January 04, 2010
One Golden Decade, 13 Decaying Fiat Currencies / Commodities / Gold & Silver 2009
Gold up, Dollar down...? Not entirely...
SO THE LAST DECADE of rising gold prices simply mirrored the US Dollar's steady decline. Right...?
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Monday, January 04, 2010
The Gold Bugs Were Right / Commodities / Gold & Silver 2009
Eric Janszen writes: Imagine you were knocked over the head in 1999 with the December issue of the Red Herring magazine. It weighed in at two pounds, such was the demand for advertising in that west coast technology bubble catalogue at the time. The NASDAQ had climbed over 4000, the S&P500 near 1500, and gold averaged $283 that month.
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Thursday, December 31, 2009
Gold the Investment of the Decade / Commodities / Gold & Silver 2009
THE PRICE OF GOLD rose sharply into the close of 2009 in short London trading on Thursday, adding 1.8% from Wednesday's one-week low as the US Dollar fell on the currency market and global equities ticked higher.
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Wednesday, December 30, 2009
Gold and Silver Stocks Bottom or Downtrend Pause? / Commodities / Gold & Silver 2009
The end of the year is usually calm on the capital markets. The volatility is low, as the money managers from all over the world take some time off and spend the Holiday Season with their families. At the same time, the end of the year is a perfect time for summarizing and reviewing this year's actions and making key decisions regarding the next year. The beginning of this essay will not be any different; especially that this is the year during which the Premium Service has been introduced on my website, so I believe that a brief review on this year's performance would be quite useful.
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Wednesday, December 30, 2009
Gold Cuts 2009 Gains to 30% as Eurozone Hits Deflation / Commodities / Gold & Silver 2009
THE WHOLESALE PRICE of investment-grade gold dropped to a 3-session low at the start of London dealing on Wednesday, cutting its 2009 gains vs. the Dollar to 30% and losing 2.1% for the week so far.
World stock markets fell together with government bonds. The US Dollar ticked higher on the forex market.
Tuesday, December 29, 2009
U.S. Dollar and Gold Trends into 2010 / Commodities / Gold & Silver 2009
The dollar finally broke through resistance at 23, which has turned into support. Price is backing up and testing support.
The CCI index at the bottom of the chart has gone from overbought (+200) to 89. When an asset moves from being this overbought to back below 100, it often signals a consolidation/correction is likely.
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Tuesday, December 29, 2009
Gold Rises with Equities, Crude Oil & Bond Yields in Thin Holiday Trade / Commodities / Gold & Silver 2009
THE PRICE OF GOLD held flat in what dealers called "subdued trading" early in London on Tuesday, returning from the Christmas holidays to record an AM Gold Fix at a one-week high of $1103 an ounce.
The gold price in Euros and Sterling also hit one-week highs, reaching above €765 and £689 an ounce respectively.
Monday, December 28, 2009
The World According to Gold / Commodities / Gold & Silver 2009
Ah….Christmas in Buenos Aires. At the risk of incurring the disdain of the family oriented, I revel in the absence of the cumbersome familiar Yuletide agenda. Instead of turkey, this year there will be steak and steak, with some more steak. That’s because, in case you’ve never been, Argentina reveres the preparation of beef as an elevated form of art. Coincidentally, they also make some of the world’s most interesting wines, and the combination is part of the daily intoxication that infuses the Buenos Aires cultural ambiance.
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Monday, December 28, 2009
Gold Is The Decade’s Best Investment / Commodities / Gold & Silver 2009
Happy holidays wishes to all, with a special season’s greetings to the permanent gold skeptics.
The decade that ends Thursday is on track to be the worst in recorded history for the U.S. stock market – worse than all of the many boom-and-bust cycles of the 19th century, worse than the Great Depression-era 1930s, worse than the recession-plagued 1970s.
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Monday, December 28, 2009
Gold Pullback to Support, A Historic Perspective / Commodities / Gold & Silver 2009
Today we stand on the threshold of one of the great moves in financial history. The signal comes as what is called a pullback to support. It will be my goal in this article to convey to you the immense power of such a formation. So simple, yet fraught with such potential for profit.
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Sunday, December 27, 2009
Silver Showing Positive Bullish Developments / Commodities / Gold & Silver 2009
Last week's update was too bearish - especially as there have been a number of positive developments this week not only in both silver and gold but also with respect to major elements having an important bearing on Precious Metal prices.
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Sunday, December 27, 2009
Gold Technical Picture Brightens / Commodities / Gold & Silver 2009
The technical picture for gold has brightened considerably over the past week, despite the price having continued to drop and the apparent failure of an uptrend. The reasons for this are to be found in the price action of gold itself and in what has been going on elsewhere at the same time.
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Saturday, December 26, 2009
Gold and Silver Forecast Update / Commodities / Gold & Silver 2009
What a month for gold and silver as they peaked and crashed by over 10% this month. But instead of being disspointed, I think this is the perfect fodder and stage for the next super fast bull rally. In fact the next move will be among the powerful and sustainable rallies in 7 year bull run of Gold as it will suck in even the most conservative of funds as Gold takes out levels like $1200, $1300 as if they were fig leaves.
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Thursday, December 24, 2009
Gold Back Above $1,100 for Christmas / Commodities / Gold & Silver 2009
THE PRICE OF GOLD rose back above $1100 an ounce in late Asian trade on Thursday, rising further in London's short pre-Christmas session as world stock markets ticked higher together with US Treasury bonds.
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Thursday, December 24, 2009
Good Time For Investors To Get Back Into Gold And Mining Stocks? / Commodities / Gold & Silver 2009
Please imagine a private room at a posh downtown restaurant. The guest list is invitation only and limited to the wealthiest clients of Bank Edmond de Rothschild, which specializes in private banking and wealth management. Rothschild is legendary with a reputation that has made the name synonymous with banking for several centuries. The family-owned bank has been passed down through generations and kept its reputation and solvency despite political turmoil, wars, persecutions, revolutions and market upheavals. It has done so with what the Rothschilds like to call “instinctive caution.&
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Wednesday, December 23, 2009
Will the U.S. Dollar Rally End the Gold and Silver Bull Market? / Commodities / Gold & Silver 2009
It has become clear to us that the media and so many institutional analysts are going to keep talking the $ up despite the lack of fundamental reasons. We feel that you will benefit most from a look at what lies ahead for the $ and its fundamentals and what could take it higher, if it does rise.
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Tuesday, December 22, 2009
Gold Being Driven Higher by Speculation Not Real Physical Demand / Commodities / Gold & Silver 2009
Over the last two days, we’ve looked at the current Gold bull market from historical and supply/ demand perspectives. Thus far, the data has lead us to believe that Gold has entered a speculative “mini-bubble” phase in bull market.
This scenario can of course change at any time should the public’s demand for physical bullion pick up again. However, until that occurs, Gold is in the same phase that Oil was in 2008: a speculative market in which sharp rallies or corrections can occur at any time.
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Tuesday, December 22, 2009
Gold GLD ETF Heading Down Towards 1-Year Trendline / Commodities / Gold & Silver 2009
The 12% drop in the SPDR Gold Shares (NYSE: GLD) from the Dec 3 high at 119.54 appears to have a bit more downside ahead, towards a confrontation with its 1-year trendline, now in the vicinity of 102.00 into 100.50 -- a support plateau that stretches back to March 2008.
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Tuesday, December 22, 2009
Is Gold Going Higher or Popping Now? Part2 / Commodities / Gold & Silver 2009
Yesterday, we analyzed the current bull market in Gold from a historical context. Right off the bat, we ran into some conflicting issues: from a timing perspective, Gold’s recent run is a little long of tooth, however, from a gains perspective, Gold still looks to have plenty of room to run (during the last Gold bull market, it rallied 750% during its second leg up).
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Tuesday, December 22, 2009
Gold Continues to Fall as U.S. Dollar Rises / Commodities / Gold & Silver 2009
THE PRICE OF GOLD slipped to a new 7-week low for US investors early Tuesday, dropping through yesterday's low at $1090 per ounce as world stock markets rose and government bonds fell.
The US Dollar rose for the ninth time in 13 sessions on the forex market, hitting its best level against the "safe haven" Japanese Yen since the start of November.