Category: Gold and Silver 2011
The analysis published under this category are as follows.
Thursday, April 21, 2011
Silver Breaks Above $46 on Short Squeeze Rumour / Commodities / Gold and Silver 2011
By: GoldCore
Gold and silver have surged to new record nominal highs in dollar terms (all time and 31-year) with the dollar falling sharply on international markets. Silver has continued to surge in all currencies and has surged to a new record nominal high of $46.25/oz (£27.85/oz and £31.54/oz) on growing rumours of a short squeeze involving a billionaire or state interest attempting to corner the silver market (see FT news story below).
Thursday, April 21, 2011
Gold Tops $1,500 in Flight to Quality / Commodities / Gold and Silver 2011
By: Mike_Shedlock
The New York Times reports Gold Tops $1,500 an Ounce in 'Flight to Quality'
The list of factors that have supported the price of precious metals in recent weeks is long. It includes worries about the sustainability of European debt levels — and whether countries like Greece will soon default; the threat of a possible downgrade of U.S. credit ratings amid an impasse over raising the debt limit and dealing with the budget deficit; the weaker dollar; rising inflation in many parts of the world and continued unrest in North Africa and the Middle East, which has pushed up oil prices.Read full article... Read full article...
Thursday, April 21, 2011
What Does $1,500 Gold Really Mean? / Commodities / Gold and Silver 2011
By: The_Gold_Report
When the price of Comex gold futures kissed a record high $1,500/oz. Tuesday before settling back to the high $1,400s at day's end, and then topped the benchmark in early trading Wednesday, the smack sounded a lot like "I told you so." The Gold Report's expert contributors explain what this milestone means for investors going forward.
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Thursday, April 21, 2011
Gold Inflation Hedge? / Commodities / Gold and Silver 2011
By: Submissions
Ian R. Campbell writes: A recent article asks (and I think answers) the question “Is Gold Really An Inflation Hedge?” - reading time 3 minutes. The article includes charts comparing the price of physical gold with year/year U.S. inflation, with University of Michigan U.S. inflation expectations, and with the U.S. Federal Reserve Balance Sheet. The article concludes that the evidence shows the gold price increase of the past 11 years (gold breached U.S.$1,500 this morning for the first time, trading at just under U.S.$1,505 as I write this at 7:00 a.m. ET) can’t be attributed solely to inflation, and says “It is key to understand that the exposure you obtain from buying/selling gold is not exclusively linked to the inflation rate”, and that “the fundamental reason gold has value is that it is an alternative to paper currency, and what makes gold attractive to hold vs. a paper currency is what it yields on a real basis”.
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Wednesday, April 20, 2011
Gold Breaks $1500, Silver Hits 8th Record in 13 Days / Commodities / Gold and Silver 2011
By: Adrian_Ash
THE PRICE OF WHOLESALE gold bullion jumped above $1500 per ounce in London on Wednesday, setting new Dollar and Sterling highs but falling sharply against the Euro as the single currency rose to its highest level since 2009.
World stock markets surged almost 2% on average, as news of stronger-than-expected US corporate earnings came alongside a fresh rumor of Greek-debt "restructuring" from a German official.
Wednesday, April 20, 2011
Gold New $1,500/oz Record Nominal High, Targets Inflation Adjusted High of $2,400/oz / Commodities / Gold and Silver 2011
By: GoldCore
Gold has breached the $1500/oz level and reached new record nominal highs at $1,505.65/oz. Since yesterday it has gradually risen in all currencies and is approaching record nominal highs in all major currencies. Gold has risen to EUR1,037/oz, GBP920/oz, AUD1,412/oz, CHF1,344/oz and JPY124,640/oz, and is now not far from recent record nominal highs of EUR1,054/oz, GBP922/oz, AUD1,440/oz, CHF1,349/oz and JPY126,000.
Wednesday, April 20, 2011
Gold Launched to New Record Highs by 50 Factors / Commodities / Gold and Silver 2011
By: Jim_Willie_CB
Edification is not the word that comes to mind when observing an interview with Larry Fink of Blackstone this morning on network financial news. It was inspirational if not humorous, and somewhat pathetic. Of course the interviewer treated him like royalty, when just a syndicate captain, a Made Man. As a cog within the US financial hierarchy, he was asked why Gold is approaching record price levels near $1500 per ounce. He gave his best 10-second answer, showing no depth of comprehension but an excellent grip of propaganda laced with simplistic distortion. He said, "GOLD IS RISING FROM ALL THE GLOBAL INSTABILITY, AND NOT FROM INFLATION AT ALL." Sounds good, but it lacks much reflection of the world of reality burdened by complexity and interconnectivity that the enlightened perceive.
Tuesday, April 19, 2011
Gold $5,000 and Silver $300 are Credible Forecast Targets / Commodities / Gold and Silver 2011
By: Midas_Letter
Q: What do CNBC, George Soros, Warren Buffet and every other mainstream investment commentator on the price of gold have in common for the last ten years?
A: They are all wrong.
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Tuesday, April 19, 2011
Gold Hits New Dollar & Sterling Records, Fundamentals "Very Supportive" / Commodities / Gold and Silver 2011
By: Adrian_Ash
THE WHOLESALE PRICE of physical gold rose again in London trade on Tuesday, hitting fresh record highs for both US Dollar and British Pound investors after yesterday's "negative watch" announcement on US government debt from ratings agency Standard & Poor's – a "shot heard round the world" according to one London bullion dealer.
Tuesday, April 19, 2011
How to Buy Silver At a Bargain Price Using Options / Commodities / Gold and Silver 2011
By: Money_Morning
Larry D. Spears writes:
In last Wednesday's Money Morning special report on silver, several of our financial gurus projected higher prices ahead for "the other precious metal." Since then, silver has climbed about 5% -- hitting $43 an ounce yesterday (Monday). Silver is now nearing its record high of $50.35 set in January 1980.
Tuesday, April 19, 2011
Gold Real Safe Haven, as U.S. Soviergn Debt Status Questioned / Commodities / Gold and Silver 2011
By: GoldCore
Gold and silver closed higher yesterday (+0.45% and +0.65%) after S&P, somewhat belatedly, cut its outlook for the US from stable to negative. While the move seemed to surprise some, many market participants have been warning that this was inevitable for some time.
Monday, April 18, 2011
Gold and Silver Set New Records as Athens Denies Debt Restructuring / Commodities / Gold and Silver 2011
By: Adrian_Ash
THE PRICE OF GOLD jumped to a new all-time high of $1489 per ounce in Asian trade Monday, slipping back as the Dollar then rose vs. the Euro despite Greek protestations that Athens isn't seeking a "restructuring", in which it would effectively default on a portion of its debt.
Major-economy government debt rose in price, but Greek bonds sank – pushing yields to fresh post-Euro highs – while global stock markets began the Easter-shortened week with a 0.5% drop.
Monday, April 18, 2011
COMEX Gold Default Risk Triggers Pension Fund to Take Delivery of $1 Billion of Bullion / Commodities / Gold and Silver 2011
By: GoldCore
Concerns that the sovereign debt crisis may be entering a new phase and the risk of contagion has seen peripheral eurozone bonds fall sharply and the euro fall against major currencies and gold today.
Sovereign debt risk, global inflation concerns, geopolitical risk, disappointing European earnings and concerns about Japan's coming reporting season have seen equities weaken and new record nominal highs for gold and silver (all time and 31-year).
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Sunday, April 17, 2011
Silver Continues to Outpace Gold / Commodities / Gold and Silver 2011
By: Merv_Burak
Once again silver is out pacing gold in the weekly performance. Is it too much of a good thing? Only time will tell. Lower gold volume versus higher silver volume seems to suggest the betting is really on silver.
Friday, April 15, 2011
Can You Pass The 2011 Gold Investing Quiz? / Commodities / Gold and Silver 2011
By: Jeff_Clark
Jeff Clark, BIG GOLD writes: CPM Group recently released their 2011 Gold Yearbook, an invaluable resource for us gold analysts. Mostly a reference book, even a gold enthusiast might find it dry reading. But I loved it, and as I studied it on a plane, I kept finding data that made me perk up.
To have a little fun with it, I thought I’d summarize what I read in the form of a quiz. See how many you can get correct. Regardless of your score, I’m sure you’ll agree with the ramifications each point makes for the gold market.
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Friday, April 15, 2011
Silver Screaming Inflation / Commodities / Gold and Silver 2011
By: Adrian_Ash
Who wants gold when silver looks to offer turbo-charged inflation protection instead...?
The CURRENT SURGE in bids to buy silver might seem dramatic, but it's more measured by far – to date, at least – than the true silver bubble of Sept. 1979 to Jan. 1980.
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Friday, April 15, 2011
What Does Silver’s Recent Performance Relative to Crude Oil Mean For Investors? / Commodities / Gold and Silver 2011
By: Przemyslaw_Radomski
Gold market witnessed a bumpy roller coaster ride during the week. An interesting thing to observe was the reasons that economic commentators gave for price fluctuations. On Tuesday gold for June delivery lost $14.50 to settle at $1,453.60 an ounce at the Comex division of the New York Mercantile Exchange. The gold price has traded as high as $1,468.50 and as low as $1,445 while the spot gold price was shedding more than $11. The reasons for the decline were explained by falling oil prices and by a Goldman Sachs report with a short-term bearish call on oil and copper, the industrial bellwethers. (The term “bellwether” refers to the practice of placing a bell around the neck of a castrated ram leading his flock of sheep so that the movements of the flock could be noted by hearing the bell).
Friday, April 15, 2011
U.S. Budget Impasse has Momentous Significance for Holders of Gold and Silver / Commodities / Gold and Silver 2011
By: Jeb_Handwerger
Regardless of whether a compromise is reached over the approaching lockdown of the United States ceiling and the raising of the debt, this impasse has momentous significance for holders of gold (SPDR Gold Shares (GLD)) and silver (iShares Silver Trust (SLV)). The serious weaknesses of our economic structure is exposing it as a paper tiger. Instead of seeking fiscal sanity, the inability of our leaders to agree on even the smallest of issues is reminiscent of the Roman Empire dealing out bread and circus to the masses when Rome could no longer afford the good times and the games.
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Friday, April 15, 2011
Is the Gold Price Really Rising? / Commodities / Gold and Silver 2011
By: Julian_DW_Phillips
If we look at the gold price in the euro, we see it holding between €1,010 and 1,020 for the last couple of weeks. In the Swiss Franc it is doing much the same. However, in the dollar it has been rising, hitting new highs at $1,475. Today it jumped to €1,026 and through $1,480. If we follow the suggestion of Robert Zoellik the head of the World Bank, that gold should be a 'value reference' for the gold price, then we cannot look at the gold price in an individual currency, we must look at the currency's value against gold.
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Friday, April 15, 2011
Rhodium Deeply Oversold Relative to Gold and Silver Which is in a Bubble / Commodities / Gold and Silver 2011
By: Ned_W_Schmidt
RHODIUM TRADING THOUGHTS is about timely and profitable trading of precious metals. We do not believe every turn in the market can be called. Our goal is that our recommendations should be profitable. Profits are the goals, not trades. Do not expect all recommendations to be profitable. No system can achieve that lofty goal.