Category: Gold and Silver 2010
The analysis published under this category are as follows.
Monday, March 22, 2010
Gold Price Hit by Heavy Selling / Commodities / Gold and Silver 2010
By: Adrian_Ash
THE PRICE OF GOLD and silver both slipped hard early Monday, falling to new one-month and 3-week lows respectively as the US currency rose after Congress approved the White House's universal health-care bill, deemed as "what change looks like" by President Obama.
The gold price dropped through $1100 an ounce, a level first breached on the way up in early Nov. 2009, as world stock markets also fell together with crude oil.
Monday, March 22, 2010
Obama's Health Care Bill to Contribute to Surging US Budget Deficits / Commodities / Gold and Silver 2010
By: GoldCore
Gold sold off aggressively on Friday, closing at $1107.40/oz in New York, showing a loss of 1.8% on the day. However, it was still up 0.54% on the week which is important from a technical perspective. Gold traded nearly flat this morning in Asian trading and is currently trading at $1,104.70/oz and €816.48/oz & £736.37/oz in euro and GBP terms respectively. Read full article... Read full article...
Monday, March 22, 2010
Short term Bullishness for the Gold Price Continues / Commodities / Gold and Silver 2010
By: Miles_Banner
Gold rallied to a high of 1133.3 last week but fell sharply by Friday’s close. A reverse head and shoulder pattern has emerged that forecasts a short term bullish trend for the gold price…
Last week the dollar rally continued to find strength as leading EU member officials, one by one, questioned what the EU’s response to the Greek problem should be.
Read full article... Read full article...
Sunday, March 21, 2010
Gold, A Quick Look at the Charts / Commodities / Gold and Silver 2010
By: Bob_Kirtley
Taking a quick look at the above chart we can see that gold prices appear to be stuck in a trading range for now and may continue to trade sideways until we get some sort of resolution to the European Fiasco. The long term trend is still up so we must learn to expect these knocks along the way. Shortly after gold had risen above the $600/oz level (many moons ago) we wrote that you would never see $600/oz gold again and the detractors fired in the brick bats accordingly, well it wont be too long before $1100/oz is history too
Sunday, March 21, 2010
Silver Trendline Failure SELL Signal / Commodities / Gold and Silver 2010
By: Clive_Maund
Silver never did confirm gold’s breakout to new highs, which has always been grounds for some caution. It has followed the path predicted in the last update to the letter, as can be seen on the older 6-month chart included beneath the current chart below, but has run into trouble this month at resistance at the underside of its earlier broadening channel.
Sunday, March 21, 2010
Gold Succumbing to Bullish Dollar / Commodities / Gold and Silver 2010
By: Clive_Maund
The dollar succeeded in confounding many experts late last week with a sudden strong rally. Fred Starkey earlier described it as marking out a Head-and-Shoulders top, which it appears to have aborted, “Fractal Dave” was caught out by the big drop in gold on Friday caused by the dollar strength, when he had expected it to rise. Peter Schiff recently set out the fundamental case why the dollar should plunge - which has not been invalidated, but in this business timing is everything. Only the wavers, who have been steadfastly bearish, ended the week looking good at last. We are well aware of their arguments, and have not gone along with them thus far, because there was money to be made. In practical terms being right too soon is as bad as being wrong.
Sunday, March 21, 2010
Gold Rally Disintegrates on Friday / Commodities / Gold and Silver 2010
By: Merv_Burak
Four up days almost all disintegrated in one day. We seem to be getting too many sharp down days over the past few months, or is that just an illusion?
Friday, March 19, 2010
HUI Gold Stocks Post Panic Recovery / Commodities / Gold and Silver 2010
By: Zeal_LLC
Gold stocks continue to face a stiff psychological headwind. As measured by their flagship HUI index, they were ripped to shreds in late 2008’s brutal stock panic. In only 13 trading days, the HUI plummeted 49%! Many gold-stock investors simply gave up after seeing the HUI hit its worst levels in over 5 years.
Friday, March 19, 2010
Gold Nears New Euro Record High / Commodities / Gold and Silver 2010
By: Adrian_Ash
THE PRICE OF GOLD was little changed for US investors in London on Friday, heading for a 2% weekly gain as the Dollar rose against everything on the forex market but the commodity-currencies of Canada and Australia.
European stock markets pushed 1% higher from last Friday's close, while Euro and Sterling bonds both fell with their currencies.
Friday, March 19, 2010
Gold and Stocks 1-2-3 Reversal / Commodities / Gold and Silver 2010
By: Toby_Connor
Today will be the 28th day of the rally out of the February 5th bottom. We are now in the trading band for the daily cycle in stocks to bottom. (The cycle rarely lasts much longer than 35-40 days). So, as I said in my last post, we are due for a short breather any time now.
Friday, March 19, 2010
Sterling Gold Near Record Highs as General Election Looms / Commodities / Gold and Silver 2010
By: GoldCore
Gold went from as low as $1,119/oz up to $1,128/oz in US trading before closing with a gain of 0.32%. It has range traded from $1,120/oz to $1,125/oz in Asian and European trading this morning. Gold is currently trading at $1,123/oz and in Euro and GBP terms, at €827/oz and £741/oz respectively.
Friday, March 19, 2010
Gold and Hyperinflation, Watch the Bond Market Not Bank Lending or Velocity / Commodities / Gold and Silver 2010
By: Jordan_Roy_Byrne
A few weeks ago we wrote about the true cause of hyperinflation, which is a major break or failure in the bond market. It has nothing to do with demand, bank lending or the velocity of money as many have suggested. It is a confidence issue. It is not a rise in inflationary expectations but a loss of confidence in a country being able to repay its debts. As confidence is lost, interest rates rise. Monetization occurs when the cost of servicing the debt consumes too much of the overall budget, so that the government can’t provide basic services or loses its ability to function on a day-to-day basis.
Thursday, March 18, 2010
Gold, In the Shadow of the Castle / Commodities / Gold and Silver 2010
By: David_Galland
David Galland, Managing Director, Casey Research writes: These days it takes very little to set me off on yet another rant against the American political class – a proxy for governments the world over.
Thursday, March 18, 2010
New Gold GLD ETF Upleg? / Commodities / Gold and Silver 2010
By: Mike_Paulenoff
Gold should not be up today, but it is. The strength of the dollar against the euro and the yen usually has a negative impact on gold, but something else appears to be going on that the price pattern and technicals are warning about.
Read full article... Read full article...
Thursday, March 18, 2010
Silver SLV ETF / Commodities / Gold and Silver 2010
By: Guy_Lerner
In our first crack at this, I felt that SLV was vulnerable. In the article, "As A Corollary To A Higher Dollar....GLD, GDX, SLV", I stated: "it is my expectation that precious metals will be under pressure." In this market, where almost all assets move in one direction, SLV got slammed over the next 2 weeks. Good call!
Thursday, March 18, 2010
Gold & Silver Trend Higher as Germany Cancels Greek Debt Crisis Rescue / Commodities / Gold and Silver 2010
By: Adrian_Ash
THE PRICE OF GOLD in the wholesale bullion market bounced up from its second dip in two sessions to $1120 an ounce as the US opened for business on Thursday, pushing higher for Sterling and Euro buyers as world stock markets held flat.
"The equities markets have been a bit firmer," said one commodities strategist in Sydney to Reuters overnight. "That's probably taken a little bit of interest away from gold.
Thursday, March 18, 2010
Will Gold and Silver Investors Ever Get a Tax Overhaul? / Commodities / Gold and Silver 2010
By: Dr_Jeff_Lewis
With tax time right around the corner, investors of all types are preparing their finances to determine their final tax burden. While some investors are paying as little as 15% on their capital gains, precious metals investors are stuck paying 28% – but perhaps not for long.
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Thursday, March 18, 2010
Why PM Investors Should Ignore the Dollar Index / Commodities / Gold and Silver 2010
By: Dr_Jeff_Lewis
Often thrown around as the end-all solution for tracking the value of the US dollar, the dollar index is one of the poorest indicators for the true performance of the currency itself. Silver investors who pay heed to the dollar index will certainly be led astray, as there are fundamental reasons why the index simply is not accurate.
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Wednesday, March 17, 2010
Was That The Beginning of a New Rally For Gold and Silver? / Companies / Gold and Silver 2010
By: Przemyslaw_Radomski
In our previous essay we mentioned that although it was not clearly visible in the past weeks, looking at the charts with the RSI and stochastic readings in mind, silver's historical cyclical tendencies point to a downturn. This decline could be easily triggered by a downturn on the general stock market.
Wednesday, March 17, 2010
He Who Has the Gold Makes the Rules / Commodities / Gold and Silver 2010
By: Adrian_Ash
The decline of the West, measured in tonnes...
AS THE AGE-OLD Golden Rule puts it, "He who has the gold makes the rules" – an historical fact proven most recently by the United States' dominance of global monetary politics since WWII.
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