Category: Gold and Silver 2011
The analysis published under this category are as follows.Tuesday, March 08, 2011
Silver and Gold Remain Near Record Highs as Greek and Portuguese Debt Hammered / Commodities / Gold and Silver 2011
Silver is higher against all currencies today and remains near yesterday’s 31 year high of $36.75/oz. Gold is slightly higher against most currencies, especially the Swiss franc and euro.
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Tuesday, March 08, 2011
Gold and Silver over the next month or so / Commodities / Gold and Silver 2011
Last month I calculated Silver was about to go ballistic - I think a 28 % price rise is pretty impressive in one month. I presumed gold would follow at a more leisurely pace. It did. Short term though the fundamentals of each are disconnected. Gold is reflective of safe haven mode where as silver is in highly speculative mode.Read full article... Read full article...
Monday, March 07, 2011
Silver Going Parabolic, Time to Sell and Reinvest in Gold / Commodities / Gold and Silver 2011
Kenny Rogers may not be widely known as a great philosopher, but one of his legendary songs carried a message well worth knowing. It goes, "Know when to hold them, and know when to fold them." Last week in the game of world monetary poker, the ECB raised the limit. Now the Federal Reserve will have to demonstrate it has what it takes to play poker with the big boys. Question is not if it will fold, but when it will fold. June or sooner?
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Monday, March 07, 2011
Gold Hits New Dollar High as Greek Debt Downgraded Again / Commodities / Gold and Silver 2011
THE PRICE OF GOLD rose new all-time highs vs. a falling US Dollar on Monday morning in London, hitting almost $1445 per ounce as European stock markets held flat and major-economy government bonds slipped, nudging interest rates up.
Crude oil rose to new 29-month highs as more rebel-held town's fell to Libyan forces loyal to Colonel Gaddafi.
Monday, March 07, 2011
Crude Oil, Gold Rise Whilst Silver Surges to Record on MENA Contagion / Commodities / Gold and Silver 2011
Concerns about Libya, Saudi Arabia and the Middle East and North Africa continue to dominate markets. There are growing concerns of contagion and oil supply disruptions from the region. Oil and gold have risen and silver for immediate delivery surged another 2.3% after climbing to $36.5375/oz, the highest price since February 14, 1980 when silver reached a its nominal high $50.35/oz.
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Sunday, March 06, 2011
Physical Silver Price is Really $50 per Ounce (80% Premium on COMEX Silver Non-Delivery) / Commodities / Gold and Silver 2011
This just in from Harvey Organ's review of the gold and silver market.
Wynter_Benton update on their recent raid With permission, I can update the results of our raid. It was successful beyond imagination but that "success" has spawned even more questions about the price of paper silver going forward. It was reported by SGS that he heard that on Friday Blythe was offering 30-50 percent premium and that at least 4500 hundred contracts will stand for delivery. I am here to give you a more accurate update (and a first hand account of what happened on Friday Feb 25). Our group was detemined to stand for delivery going into Monday because we were not going to take a 30 percent premium on a price of $33.50.
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Sunday, March 06, 2011
Why Investing in Gold, Silver, Commodities is STILL the Way to Go! / Commodities / Gold and Silver 2011
Arnold Bock (with Lorimer Wilson) write: Back in 2005 I commented in an article that “my investment portfolio is almost exclusively invested in a basket of commodities (gold, silver, potash, uranium and crude oil) of which the bulk is precious metals. A third of my investments are in gold and silver bullion and a range of individual commodity-related stocks, from the very large producers to the very early stage small junior exploration companies, or their long-term warrants where they exist. Two thirds are in precious metals ETFs.”
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Saturday, March 05, 2011
Dwindling Comex Silver Bullion, But Where Is the Gold Coming From? / Commodities / Gold and Silver 2011
I wonder how much of this silver being sold is leased out from unallocated accounts and holdings in ETFs.
How unfortunate for the silver shorts that the bankers lack a ready supply of bullion from the central banks. Most national stores of silver in the west have already been depleted.
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Saturday, March 05, 2011
PSY-OPS To Force Gold and Silver Price Down, Profitable Antidotes for Investors / Commodities / Gold and Silver 2011
“Psychological Operations”
“Planned operations to convey selected information and indicators to foreign audiences to influence their emotions, motives, objective reasoning, and ultimately the behavior of foreign governments, organizations, groups, and individuals. The purpose of psychological operations is to induce or reinforce foreign attitudes and behavior favorable to the originator's objectives. Also called PSYOP. See also overt peacetime psychological operations programs; perception management. (emphasis added)
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Saturday, March 05, 2011
Junior Gold Miners Premium from Social Unrest Spreading Out of Africa and into Americas / Commodities / Gold and Silver 2011
Sprott Asset Management Senior Portfolio Manager Charles Oliver says the social unrest in the Middle East could lead to a premium for junior companies operating in North and South America. He's even betting on it, saying, "I believe juniors will give you the best long-term outperformance and alpha." He's taken profits on companies with exposure to Africa and moved that cash into others with primary assets in the Americas, where, he says, there is much lower risk. Charles discusses a basket full of those names in this exclusive interview with The Gold Report.
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Friday, March 04, 2011
Gold and Silver Mining Stocks Gain Momentum, What's Next? / Commodities / Gold and Silver 2011
Mounting social and political unrest in the Middle East boosted appeal for commodities as a safe investment option in recent weeks. Crude oil topped $100 a barrel and near month gold and silver futures traded above $1440 and $35 respectively, in the NYMEX. Besides geopolitical developments, currency fluctuations and stock markets influenced precious metals.
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Friday, March 04, 2011
Cheap Money, Speculation andGold Hoarding / Commodities / Gold and Silver 2011
Vigilant? Jean-Claude Trichet ain't no Charles Bronson...
CLICK HERE and you'll find a picture of $1 billion – in cash – courtesy of Austrian artist and prankster Michael Marcovici.
Click here, on the other hand, and you'll find proof of $1 billion-worth of physical gold bullion, every last gram of it privately-owned by customers of Bullion Vault.
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Friday, March 04, 2011
Gold Cuts 5th Week-on-Week Dollar Gain / Commodities / Gold and Silver 2011
THE PRICE OF GOLD eased back for Dollar investors on Friday in London, but headed for its fifth weekly gain in a row, as official data said US unemployment retreated to 8.9% last month.
Non-Farm Payrolls showed their strongest rise since June, just besting analyst forecasts.
Friday, March 04, 2011
Silver Backwardation Continues, Silver Eagle Premiums Rise After US Mint Discontinues Production / Commodities / Gold and Silver 2011
While gold is marginally higher today, silver has risen nearly 1% against the dollar and other currencies. Backwardation continues with spot (for immediate delivery) trading at $34.45/oz while the Dec12 contract trades at $34.22/oz and Dec13 at $33.90/oz. Backwardation has eased since last Friday somewhat (see table below) but continues which suggests continued tightness in the physical silver bullion market.
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Friday, March 04, 2011
Gold Has No Intrinsic Value and Not a Store of Value / Commodities / Gold and Silver 2011
Gold is a valuable thing to store. However, it is not a store of value. Gold has intrinsic properties that make it valuable. However, it does not have intrinsic value.
I mention this, because, at some point, you will read about gold as a store of value. You will read of gold's intrinsic value. Every time you read either of these phrases, you will know that the author does not understand economic theory.
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Thursday, March 03, 2011
Gold and Silver Breaking New Highs As U.S. Dollar Loses Appeal As Safe Haven / Commodities / Gold and Silver 2011
The gold (GLD) and silver (SLV) meteor keeps soaring in the skies over Wall Street as the US dollar (UUP) is parachuting into new lows. The spot price of silver this week broke $34.40, zooming into a record high area unseen since 1980. On March 1, gold followed its poorer brother by breaking out at $1425. The US dollar is challenging all-time lows. It does not take a PhD from Princeton to realize that there may be a problem here. Maybe the recent radical central bank actions should be reconsidered? True, 401(k)'s look good, but it has come at the expense of significant dollar debasement.
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Thursday, March 03, 2011
Euro-Gold Drops 1% in 30 Mins as Trichet Vows Strong Inflation Vigilance / Commodities / Gold and Silver 2011
BOTH GOLD and spot silver prices fell sharply in London trade lunchtime Thursday, finding a floor some 1.5% and 2.3% below this week's record highs vs. the Dollar after European Central Bank president Jean-Claude Trichet said a Eurozone rate rise is "possible" next month.
The gold price in Euros dropped 0.9% in just 30 minutes to trade 2.5% below this week's 7-week high of €33,500 per kilo.
Thursday, March 03, 2011
China Gold Demand Voracious, Chinese Yuan Gold Standard? / Commodities / Gold and Silver 2011
Gold and silver have recovered somewhat from slight falls in Asia overnight and are now higher against the British pound and Swiss franc which are weaker this morning. With geopolitical instability looking set to escalate and the real possibility of a military confrontation in the Mediterranean, any sell off in the precious metals will likely be tentative.
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Thursday, March 03, 2011
Silver, Rethinking “Buy on the Dips” / Commodities / Gold and Silver 2011
Perhaps no more do we hear this common phrase “buy on the dips” than in raging bull markets. Investors who have long sought to price themselves into strong markets have used this phrase to justify their patience. However, truthfully, “buying on the dips” isn’t at all rational.Read full article... Read full article...
Thursday, March 03, 2011
As Silver Prices Rise, Silver Volatility will Grow / Commodities / Gold and Silver 2011
It does not seem uncommon to log online or turn on a TV and see silver head higher. Save for a few weeks in January, the trend toward higher prices has been in effect since August, when most people were still thinking silver at $20 was overvalued. At $33, it’s still a bargain.Read full article... Read full article...