Category: Gold and Silver 2011
The analysis published under this category are as follows.Thursday, March 17, 2011
Gold, Silver, Food, Chinese Hungry for Purchases of All Kinds / Commodities / Gold and Silver 2011
Without having feet on the ground, it is nearly impossible to understand precisely what is happening in China. The middle class is exploding, but jobs for skilled workers are few. New cities are going up overnight, but the pictures show that no one is actually living there. In many cities, hundreds of buildings are erected, left to be ghost towns for many months or even a few years before the buildings are again destroyed and new buildings are erected in its place.
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Wednesday, March 16, 2011
Gold Recovers $1400, "Support Strengthened" as Japan Crisis Worsens / Commodities / Gold and Silver 2011
THE PRICE OF GOLD rose in London trade on Wednesday to regain $1400 per ounce as a rally in Japanese shares failed to prevent further losses in global stock markets.
With 450,000 people now homeless in freezing conditions, technicians at the stricken Fukushima nuclear plant were forced to abandon their work by a jump in radiation levels. 150 miles away, Russia joined France in moving to evacuate its embassy staff.
Wednesday, March 16, 2011
Silver Bullion Coin Premiums Rise; Asian Demand for Gold Robust / Commodities / Gold and Silver 2011
Markets have recovered somewhat from the recent sharp sell offs despite the worsening nuclear situation in Japan. Gold and silver have made very tentative gains from the falls seen yesterday as commodity and equity markets (and the Nikkei in particular) have stabilised somewhat after the recent sharp falls.
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Wednesday, March 16, 2011
Checking in on Relative Gold / Commodities / Gold and Silver 2011
Relative Gold is also known as the real price of Gold. Its essentially a comparison of Gold against various asset classes. Why is this important? There are two reasons. First, the real price of gold tends to lead leverage performance (e.g the HUI/Gold ratio). Second, the real price of Gold often provides hints of the future direction of the nominal price of Gold.
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Wednesday, March 16, 2011
Natural Disasters and Political Uncertainty Cause Investors To Flee Paper to Gold and Silver / Commodities / Gold and Silver 2011
Last week the Japanese earthquake darkened the skies with an unexpected flock of black swans. On top of an act of nature, we have the persisting presence of eurozone debt fears, currency wars, the Middle East unrest, and the near bankruptcy of many states in America. The Wisconsin problem goes far beyond one local state; there are 46 Wisconsins that have accumulated billions of dollars of deficits. States have more than trillions of dollars in pension obligations which they will be unable to pay. Unions are unwilling to budge and have taken to the streets in protest. Sheer survival mandates humongous cuts in spending. This places US states between a rock and a hard place as they will have to incur serious job cuts with an already high unemployment rate.
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Tuesday, March 15, 2011
Gold Drops as Japan's Nuclear Panic Hits Global Stock Markets / Commodities / Gold and Silver 2011
THE PRICE OF GOLD fell 3% against a rising US Dollar on Tuesday morning, bouncing from a 4-week low of $1384 per ounce as world stock-market and commodity prices sank on news of radiation leaks from Japan's earthquake-hit nuclear plants.
Tokyo's Nikkei index closed Tuesday down at a 22-month closing low, slumping nearly 11% for the day as officials advised people within 30 miles of the Fukushima Daiichi facility to stay indoors.
Tuesday, March 15, 2011
Silver Manipulation Investigation May Spark Price Spike / Commodities / Gold and Silver 2011
Finally, after years of revelations by whistleblowers such as Ted Butler (ButlerResearch.com) and former metals trader Andrew McGuire, the U.S. Commodity Futures Trading Commission is conducting an investigation into possible criminal manipulation of the COMEX silver market. Specifically, McGuire has charged, and Butler has reported, that JP Morgan traders collude with other traders to instigate sell-offs in silver in order to depress prices, then buy up the metal in order to profit when prices recover.
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Monday, March 14, 2011
Gold and Silver Price, Beware What You Read! / Commodities / Gold and Silver 2011
It has become a media tradition for moves in the gold price to be related to some political event or a civil war or a major tragedy such as the earthquake in Japan, when the events have a negligible effect on those markets. We find it unfortunate that this happens because it is misleading. For instance, this morning we were informed that the gold price had risen in the dollar, because of Japan's earthquake and tsunami. In fact it was almost entirely accounted for by the fall in the dollar against the euro. The gold price shows its market movements most clearly in the euro, not in the U.S. dollar. A glance across the euro gold price of the last week reinforces that statement, whereas the gold price in the dollar clearly shows the movements in the euro plus the moves of the U.S. dollar against the euro.
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Monday, March 14, 2011
Why Gold and Silver Stocks Are Positioned to Soon Move Much Higher / Commodities / Gold and Silver 2011
I am at a loss for words (something that rarely happens to me) as to why so many in the Precious Metals Sector have become so negative at this juncture in this Historic Precious Metals Bull Market. No doubt, many have “2008-itis”, thinking that the Dow is going to crash. Of course, that has been the daily mantra since the top in 2000, hasn’t it?
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Monday, March 14, 2011
Gold Up, Commodities Down as Tokyo Shares Plunge on Post-Tsunami Economic Fears / Commodities / Gold and Silver 2011
THE PRICE OF GOLD leapt at the start of Asian trade on Monday, gaining 1% as engineers in Japan fought a third potential meltdown at nuclear reactors hit by last week's catastrophic tsunami.
With at least 10,000 people thought dead, the Nikkei stock index shed more than 6% and the Bank of Japan offered a one-day record of ¥15 trillion ($184bn) to the Tokyo money market.
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Monday, March 14, 2011
The Rule of Gold After the Financial Collapse / Commodities / Gold and Silver 2011
James Hunt writes: In a secular world, the operative “Golden Rule” is “He Who Has the Gold Makes the Rules”. The condition of the global financial banking system is untenable. The aggregate amount of debt worldwide is anyone’s guess. The introduction of derivatives and counter claims pushes the chain of obligations into the unknown. All that is left is for central banks to create mountains of uninterrupted counterfeit money to roll over and delay the inevitable. The IMF chart of World Currency Reserve is a skyrocket line to oblivion. It does not reflect a healthy stockpile of treasure, but certainly manifests a new debt machine running to infinity.
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Monday, March 14, 2011
Japan Risk of Nuclear Catastrophe after Explosion Impacts Financial Markets / Commodities / Gold and Silver 2011
The world is still coming to terms with the terrible tragedy in Japan. A second explosion at the Fukushima nuclear reactor overnight and Pentagon reports of radiation being detected 60 miles away from the reactor suggest widening nuclear contamination leading to concerns of a nuclear catastrophe.
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Monday, March 14, 2011
What the End of QE2 Means for Gold / Commodities / Gold and Silver 2011
In the last six weeks gold has erased all the losses from the short-lived correction. Gold is back setting new all-time highs and silver is up more than 30% in the past six weeks.But as precious metals are adding to their gains, there are a lot of perceived headwinds coming for gold in the months ahead.
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Sunday, March 13, 2011
Gold Reversal Ahead? / Commodities / Gold and Silver 2011
Over the past several days gold has been hitting all time highs BUT the momentum indicator was telling us that the move was on greatly diminished strength. Reversal Ahead?
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Sunday, March 13, 2011
In the Silver Pit No One Can Hear You Screaming / Commodities / Gold and Silver 2011
The Bankmistress and her merry band of pranksters threw a major hissy fit this morning, smacking down the precious metals sector and related trades, like the miners, to such an extent that I put out a special notice about what I was seeing in the markets. In fear and trembling I actually stepped in and bought position in size and leverage more than ordinary, since the miners had been discounted so badly, even given the decline in the equity markets which also seemed like a trading gambit. It seems like a no-brainer now, but let me assure you at the time it seemed a bit wanton, falling knife-wise.
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Saturday, March 12, 2011
Richard Russell Says Gold is the Safest Currency / Commodities / Gold and Silver 2011
Speaking at the Casey Research Gold and Resource Summit, Richard Russell told the audience, “I’d feel much better holding everything I own in gold. Holding dollars means holding a depreciating asset and I feel much more confident holding gold.” He went on to say, “The good part about gold is it can’t go bankrupt and it’s very hard to manipulate gold because it’s international. I know the Fed would love to manipulate gold but it can’t control it because it’s traded all over the world, every hour of the day and night.” We’ve got these highlights and more from a Q&A with Richard Russell in the video below.
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Saturday, March 12, 2011
A Comeback for Gold Backed Money? / Commodities / Gold and Silver 2011
Andrey Dashkov, Casey Research writes: Several legislative initiatives caught our attention recently. All of them are related to the monetary role of gold and range from proposals to return to the gold standard, to minting gold and silver as an alternative currency, to having all state transactions carried out in gold and silver coins, to permitting citizens to run their own mints.
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Saturday, March 12, 2011
Crude Oil, Gold, and Silver – Important Timing Connection? / Commodities / Gold and Silver 2011
Recent developments in precious metals space raise series of questions in terms of sustainability of yellow and white metal moves in the foreseeable future. In order to gauge near-term precious metal moves, investors track precious metals’ relationship between currency fluctuations, stock market influence and crude oil prices. In this essay we would like to provide you with our thoughts regarding crude oil.
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Saturday, March 12, 2011
Expect Silver to Keep on Sizzling / Commodities / Gold and Silver 2011
Sprott Money executives Eric Sprott (chairman) and Larisa Sprott (president), sing the praises of the "poor man's gold" in this exclusive interview with The Gold Report. "All the data supports the thesis that silver is undervalued," says Eric—who serves as chairman of Sprott Inc., as well as CEO, CIO and senior portfolio manager of Sprott Asset Management LP. "We'll certainly see a three-digit price," he adds. Larisa explains how the company's business model differs from others in the space and reveals plans to open Sprott Money USA within the year.
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Saturday, March 12, 2011
Gold and Silver Still U.S. Dollar Dependent / Commodities / Gold and Silver 2011
Despite the troubles in the Middle East and its ramifications for oil prices the real driving force behind both silver and gold prices is still the US Dollar. The inverse relationship remains intact and as the dollar tries once again to get some traction, gold and silver prices are capped.
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