Category: Gold and Silver 2010
The analysis published under this category are as follows.Friday, December 31, 2010
Is Gold Or Fiat Currency In a Bubble / Commodities / Gold and Silver 2010
It is easy to argue that gold is in a bubble.
But as I pointed out last month: Deutsche Bank's head commodities researcher [Michael Lewis] wrote in September:
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Friday, December 31, 2010
Gold Ends 2010 with 11th Annual Bull Market Gain / Commodities / Gold and Silver 2010
THE PRICE OF GOLD ended 2010 with an AM London Gold Fix of $1410.25 per ounce on Friday, racking up its 11th consecutive annual gain vs. the world's major currencies.
Bullion Vault's Global Gold Index – which measures the gold price in terms of the world's top 10 currencies, each weighted by the issuing economy's GDP – showed a rise of 29.9% for the year.
Thursday, December 30, 2010
The Last Angry Man's Problem With IMF Gold Sales / Commodities / Gold and Silver 2010
Adrian Ash of BullionVault.com writes that "the International Monetary Fund said it has completed the gold bullion sales program begun in October 2009," and now 403 tonnes of gold have been sold.
I bring this up all the time because the whole thing pisses me off because we gave those IMF bastards the gold to provide gold-standard legitimacy for their stupid fiat currency, the Special Drawing Right (SDR). And yet here they are selling the gold we loaned them! Gaaahhh!
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Thursday, December 30, 2010
How to Buy Silver at a 10%-20% Discount / Commodities / Gold and Silver 2010
Brian Hunt writes: Sooner or later, every precious-metal investor is confronted with a big problem...
It goes like this: First, a big bull market in gold and silver – like the one that started in 2001 – enjoys a major run higher. (Think back to when gold shot from $650 an ounce in July 2007 to $1,000 an ounce in early 2008.)
Thursday, December 30, 2010
Gold Consolidates Over $1400/oz - CFTC Data Bullish - Silver Nominal 30 Year High / Commodities / Gold and Silver 2010
The final week of 2010 has seen a continuation of trends seen in markets throughout the year with equities and commodities continuing to rise. Investors increasingly wary of inflation are pushing commodity prices - particularly metals - higher, with copper hitting a new record nominal high, palladium reaching a nine-year high and silver at a new 30-year record nominal high at $30.90/oz (€23.25/oz and £19.86/oz).
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Wednesday, December 29, 2010
Gold Three Month Consolidation May Be Over / Commodities / Gold and Silver 2010
One of the most interesting realizations I have gained from studying the financial markets is that success comes from developing a clear set of rules and sticking to them despite the current psychology and tenor of the market. Contrary to popular opinion being successful in the market is not based on how smart you are or what university one attended, it is sticking to your discipline and following a methodology.
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Wednesday, December 29, 2010
Net Asset Value of Certain Gold and Silver Precious Metal Trusts and Funds / Commodities / Gold and Silver 2010
I have lightened up on my bullion longs, and taken down some of the paired trade hedges on the other side. I own no miners at this time and my leverage is nil. I am interested in the short side of US equities but am biding my time. They did not break until the second week of January last year as I recall.
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Wednesday, December 29, 2010
Gold Breaks $1400, Hits New Euro & GBP Records as Silver Gains 6% / Commodities / Gold and Silver 2010
THE PRICE OF GOLD held above $1400 per ounce for Dollar investors in London trade on Wednesday morning, gaining more than 24% from the start of 2010 despite this year's strong recovery in the US currency's forex value.
Asian stock markets recovered from yesterday's 1% drop – sparked by China's Christmas Day rate hike to 5.8% on bank loans – but European stock markets held flat on their first full return from the festive break.
Wednesday, December 29, 2010
Gold Bears Predicting The Price Of Gold / Commodities / Gold and Silver 2010
Bears are by nature cautious and while caution can be an ally, it can also be fatal where bold action is required.
It is understandable that investors who believe in paper money and paper-denominated assets do not understand gold. Gold, after all, is the natural refuge of disbelievers in the current financial paradigm; and, as today’s credit and debt-based paper markets come under increasing pressure and gold moves increasingly higher, most “paper bulls” remain increasingly perplexed.
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Wednesday, December 29, 2010
Investing in Gold Ahead of the Chinese / Commodities / Gold and Silver 2010
There are a lot of things in this world that I do not understand, and perhaps it is because of this persistent befuddlement that, for some mysterious reason, I think it is Highly, Highly Significant (HHS) that the Chinese Gold & Silver Exchange is planning "a first"; an international gold contract denominated in renminbi.
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Wednesday, December 29, 2010
Timely Silver Love from the WSJ / Commodities / Gold and Silver 2010
While it has become a bit of a meme that “the revolution (in currency) will not be televised,” at least one mainstream news outlet is starting to focus some attention on the improving metals market. All across the world, the headlines from the Wall Street Journal read “Price of Silver Soaring,” as two journalists document the explosion in investment interest in the metals markets.
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Wednesday, December 29, 2010
Gold and Silver Lease Rates Jump at Year End / Commodities / Gold and Silver 2010
Through the usually flat week between Christmas and New Year's celebrations, at least one (or perhaps a handful) investor is looking to borrow some gold and silver this year. Overnight, lease rates exploded by more than 500% on both gold and silver.
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Tuesday, December 28, 2010
Three Things that Could Halt Gold’s Run / Commodities / Gold and Silver 2010
Normally we write about the things and conditions that cause precious metals to rise. While these things may be obvious, the corresponding rise in the bull market will not always be consistent and linear. Small and large corrections will occur along the way. Some will be purely technical while some have real drivers. There are three things that can precede a deep correction or consolidation in the precious metals complex.
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Monday, December 27, 2010
The Case For Buying Gold Today / Commodities / Gold and Silver 2010
The establishment argument against gold comes down to the statement that it is a collectable that earns no yield. Art, rare coins, stamps and gold and silver bullion do not earn a yield. Stocks, bonds and real estate earn yields, so the prudent investor should focus on these assets rather than gold or precious metals.
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Monday, December 27, 2010
No Signs of a Gold and Silver Bubble Despite Record Advances in 2010 / Commodities / Gold and Silver 2010
History has been peppered with financial bubbles and we’ll get to that, but first, is gold in a bubble?
So far it's been the amazing, runaway investment of the past decade. If you'd put your money into gold at the lows about 10 years ago, you'd have made approximately 400% return. That's left pretty much everything else—stocks, China, housing—in the dust, and we don’t mean gold dust.
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Friday, December 24, 2010
Will Gold Price Fall in a Real Economic Recovery? / Commodities / Gold and Silver 2010
We have heard many commentators implying that a U.S. economic recovery that leads to the sort of growth that was seen before 2008 will give investors reasons to divest from gold. As the year end approaches and another year is on us, it seems wise to us to look at this carefully. All of us would dearly love to see a real recovery, with rising housing prices moving back to levels seen in 2008, strong employment data and consumers with plenty of disposable income to make life stress free again. In such a climate, one can understand that these desires would be accompanied by a fall in the gold price, which to many is a thermometer measuring the ailments of the developed world economies. But is that the reason that gold is at current levels?
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Friday, December 24, 2010
Gold Stocks HUI Falling Wedge / Commodities / Gold and Silver 2010
You can consider this Gold Market update to be gift wrapped. As I am unable to get presents to each and every reader this year for logistical reasons, these Gold and Silver Market updates are going to have to suffice, which is perfectly reasonable given how bullish they are.
Little has changed since the last updates were posted on the 5th December, but what change there has been has increased immediate upside potential in both gold and silver substantially, as the minor reaction in gold and sideways action in silver of recent weeks has served to further unwind the earlier overbought condition.
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Friday, December 24, 2010
Silver Steep Uptrend About to Break Higher / Commodities / Gold and Silver 2010
You can consider this Silver Market update to be gift wrapped. As I am unable to get presents to each and every reader this year for logistical reasons, these Gold and Silver Market updates are going to have to suffice, which is perfectly reasonable given how bullish they are.
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Friday, December 24, 2010
Investor Gold Profit, Protection Despite Banking Cartel Manipulation Intervention / Commodities / Gold and Silver 2010
“Is the gold price being manipulated? There are those who say no, while others say yes - notably The Gold Anti Trust Association (GATA) - and on balance it looks to an impartial observer (relatively) that the answer is probably in the affirmative. But perhaps no more so than any other commodities and some stock prices. There is a whole mammoth industry out there - the big banks, hedge funds etc. - whose whole purpose is to make money from money and the more you have in the first place the easier it is to do. Not by producing anything useful, but through manipulation of prices through short selling in huge volumes to drive prices down, buying on the turn, allowing prices to rise back up, taking profits, then more short selling to drive prices down again and the cycle continues. This works better in a bull market, which gold has been in for the past ten years or so.
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Thursday, December 23, 2010
How Gold Can Protect Your Portfolio From the Economic Insanity / Commodities / Gold and Silver 2010
Investors should be gravely concerned about the future of their portfolios, according to a newly released report from Bullion Management Group Inc (BMG). The reason? Because today’s fiscal and monetary policies have set the stage for a wrenching period of currency devaluation, portfolio destruction and potentially devastating inflation.
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