Category: Gold and Silver 2011
The analysis published under this category are as follows.Monday, January 03, 2011
BubbleOmics & Gold Expose America’s Suicide Pact with God’s Workers / Commodities / Gold and Silver 2011
The original reason Professor Nouriel Roubini started to fret about the US economy was when he noticed, in about 2003, that its current account deficit was becoming positively “Argentinean”. Here is a line from paper he put out with Brad Setser in 2004:
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Monday, January 03, 2011
Celebrating the Creation of a Government Agency Dedicated to Making Gold More Valuable / Commodities / Gold and Silver 2011
We seem to have missed the celebration. Forget Christmas. Forget New Year's Eve. 23 December was the big day, and we should have all been partying. What should we have been celebrating on that day? On 23 December 1913 the Federal Reserve Act was passed by the U.S. Senate, creating the most monumental mistake of governance in 97 years.
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Friday, December 31, 2010
Gold Ends 2010 in a Bullish Fashion – What’s Next? / Commodities / Gold and Silver 2011
It's instructive to look at the end of the year financial magazines and see their analysis of the past year and their projections for the future. For example, the special issue of Fortune Magazine Investor's Guide 2011 had a glimmering stack of gold coins on the cover with a headline “Gold Gone Wild.”
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Friday, December 31, 2010
Forecast, Silver Will Be Worth More Than Gold / Commodities / Gold and Silver 2011
It’s shiny, it’s fairly rare, and it has been the world’s de facto reserve currency anytime the S has hit the fan historically. Though it has been prized by civilizations since before recorded history, it’s no secret that there is really no meaningful use for the precious metal gold in comparison to the widespread use of many other metals. Once it is mined it is essentially fabricated into gold bars, coins, jewelry or, at times, sprinkled onto exquisitely expensive desserts in five star Manhattan restaurants.
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Thursday, December 30, 2010
Gold 2011: "Old Normal" Returns / Commodities / Gold and Silver 2011
This year marked a step-change in the nature of gold investment demand...
MOST PEOPLE rightly think of gold bullion as an inflation hedge. But it's only now, ten years into this bull market, that this "old normal" so clearly applies.
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Thursday, December 30, 2010
Gold "Entering America's Consciousness" as Professional Traders Target $1500 by April / Commodities / Gold and Silver 2011
THE PRICE OF GOLD rose further for Dollar investors in Asian and London trade on Thursday, but edged back from yesterday's new all-time highs vs. the Euro and Sterling as the US currency slipped on the forex market.
Dollar gold prices touched a 3-week high just shy of all-time records at $1415 per ounce, and the silver price reached new 30-year highs at $30.89.
Tuesday, December 28, 2010
Gold Tertiary Trend Headed Higher as Gold Consolidates at Higher Levels / Commodities / Gold and Silver 2011
I have been watching recent developments around the world with considerable interest. There are renewed riots in Greece, new demonstrations in Italy, a growing divide between citizens and government in Ireland while tensions in Spain and Portugal increase daily. Also there are new developments in Belgium, Hungary and Poland as the debt disease spreads its own deadly version of the famous “green shuts” that have yet to materialize in the United States.
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Monday, December 27, 2010
If You Haven't Bought Silver Yet, Read This / Commodities / Gold and Silver 2011
Chris Weber writes: The last time I was able to identify a period when a precious metals correction was about over happened two years ago...
At that time, gold hit a low of $693 and silver $9.63. Since then, gold has risen about 100%, but silver has soared 206%. This is an extraordinary occurrence in just two years.
Tuesday, December 21, 2010
Gold 2011 Forecast at $1500, $1600 or "Outrageous" $1800 on Euro Crisis, US-China Currency War / Commodities / Gold and Silver 2011
THE PRICE OF GOLD in professional wholesale dealing touched a 4-session high early Tuesday at $1390 per ounce, rising for Euro and UK investors as world stock markets hit new two-year highs.
Platinum prices rose to $1715 the ounce at today's London Fix, gaining some 14.6% higher from New Year 2010.
Tuesday, December 21, 2010
Gold's 2011 Bullish Outlook as US at Risk of Joining Eurozone in Debt Crisis / Commodities / Gold and Silver 2011
Gold is up slightly after yesterday's 0.5% gain and appears to be consolidating just below $1400/oz. Gold is being supported by growing energy and food inflation and continued sovereign debt concerns. Recent days have seen the cost of insuring French debt rise to record levels and France's AAA rating is now at risk due to the spreading Eurozone debt contagion. Nor is the US immune to the debt crisis as many US cities are at risk of defaulting in 2011 (see news below). Gold may be anticipating problems in this regard in 2011 - as it has done in recent years.
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Monday, December 20, 2010
Obama Tax Cuts Will Push Investors Further to Gold / Commodities / Gold and Silver 2011
Starting January, American workers will start to see changes in their paychecks as the Social Security tax break that was signed into law last Friday takes effect. Workers normally allocate 6.2% of their wages to Social Security on the first $106,800. This will be reduced to 4.2%. The Social Security tax cut is just one part of the package that was passed. Additional measures include extending benefits for the long-term unemployed and passing a lower tax rate for inheritance above $10 million (from the proposed 45% to 35%).
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Friday, December 17, 2010
Silver Gold Ratio Reversion to the Mean / Commodities / Gold and Silver 2011
Silver has been a rock-star in recent months, rocketing higher to dazzling gains. After such a blistering near-vertical ascent, technicians understandably fear this metal has become wildly overbought. Nevertheless, an alternative perspective on silver’s recent levels counters its extreme technicals. Compared to gold, its primary driver, silver actually looks reasonably-priced today.
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Friday, December 17, 2010
Outlook for Gold and Silver During 2011, Will the Rally Continue? / Commodities / Gold and Silver 2011
Gold has gained 26% this year, putting it on track for its third double-digit gain of the last four years. To chart gold’s price movements since 2000 take a piece of paper and draw an outline of an imaginary mountain slope (think Everest) with a few footholds to rest on the steep way up. There is still a long way up before you can plant the flag at the top.
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Thursday, December 16, 2010
Gold Will Set New Highs in 2011 on Low U.S. Interest Rates / Commodities / Gold and Silver 2011
THE PRICE OF GOLD in wholesale London dealing slipped back to an overnight low beneath $1380 per ounce Thursday lunchtime, trading 0.5% down for the week as world equities held flat and the US Dollar eased back on the forex market.
Commodity prices were little changed, with crude oil holding above $88 per barrel.
Wednesday, December 15, 2010
Silver Price Forecast Rise to $40/oz in 2011 and $400/oz by 2015 / Commodities / Gold and Silver 2011
Gold has fallen in dollars but is flat in sterling and euros this morning. Moody's has cut Spain's debt rating on contagion concerns which has seen the euro fall. Germany's opposition to further government financed aid is leading to tensions with the ECB, which is itself now under financial pressure and may need an increase in capital if it is to continue buying sovereign European debt.
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Sunday, December 05, 2010
Six MORE Forces to Push Gold Higher into 2011 / Commodities / Gold and Silver 2011
Gold recently logged a 25% gain so far this year, and many people think it’s time to bank gains and head for the benches. While I’m never opposed to grabbing nice gains, I think there are much NICER gains to come in gold.
I can give you a list of forces I’ve told you about before — lack of new supply, new and surging demand from gold ETFs, the world’s central banks switching from net sellers to net buyers, and more.
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