Category: Gold and Silver 2011
The analysis published under this category are as follows.
Tuesday, November 08, 2011
Gold retests $1800 as Italian Bond Yields hit "Dangerous Levels / Commodities / Gold and Silver 2011
By: Ben_Traynor
THE DOLLAR gold price climbed to $1796 an ounce Tuesday morning London time – 2.3% up on last Friday's close – as stocks rallied and government bonds sold off ahead of a key budget vote in Italy.
The previous day, gold hit its highest level in nearly seven weeks during Monday's US trading, when it rose to $1798 per ounce.
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Tuesday, November 08, 2011
Gold in Stair-Step Pattern Ahead of Potential Thrust / Commodities / Gold and Silver 2011
By: Mike_Paulenoff
Spot gold continues to claw its way higher despite an otherwise "risk-off" profile for the session in equities (as seen in our hourly chart comparison with the e-mini S&P 500), along with bonds and foreign exchange.
The stair-step pattern off of last week's low (from Nov 1) at 1681.30 has the right look of a forthcoming vertical acceleration towards 1820 next. Only a sudden downside reversal that breaks key near-term support between 1775 and 1765 will compromise my near-term outlook.
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Tuesday, November 08, 2011
The Euro Mess Brings Out the Best in Gold / Commodities / Gold and Silver 2011
By: Eric_McWhinnie
Gold continues to rise as European debt worries linger on in the financial markets. On Monday, gold and silver both climbed higher as the true sentiment about gold was revealed by Germany. As I write, gold is closing in on $1800, while silver is nearing $35. Although there are many rumors flying out of Europe regarding possible solutions, there is one topic that is not open for discussion.
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Monday, November 07, 2011
Gold Gains amid Berlusconi Confusion, Greece "Must Reform or Get Out of the Euro" / Commodities / Gold and Silver 2011
By: Ben_Traynor
U.S. DOLLAR gold bullion prices climbed to their highest level in almost seven weeks on Monday, hitting $1778 an ounce – 3.1% above where they started the month, amid confusion over whether or not Italy's prime minister had resigned.
Silver bullion hit a high of $34.80 per ounce – 0.3% below last week's high, but 8% above last week's low.
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Monday, November 07, 2011
Germany to G20: German Gold “Must Remain Off Limits”, Instead Sell Italian Gold / Commodities / Gold and Silver 2011
By: GoldCore
Gold is trading at USD 1,767.90, EUR 1,283.90, GBP 1,101.60, JPY 138,011, CHF 1,583.90, and AUD 1,711.70 per ounce.
Gold’s London AM fix this morning was USD 1,764.00, GBP 1,102.78, and EUR 1,286.65 per ounce.
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Monday, November 07, 2011
Gold Bull Hammer, as Greek Disaster Movie Continues to Unfold / Commodities / Gold and Silver 2011
By: Clive_Maund
Gold did exactly as predicted in the update last weekend - it dropped back briefly to touch the bottom of our short-term reaction target range at $1680 before rebounding, as we can see on the 4-month chart below, and we were buyers around $1705 and below. The rebound on Tuesday left behind a clear bull hammer on the chart, which is positive. After the rebound gold advanced to the next resistance level shown, which may force another reaction this coming week, especially as Commercial short positions, which are still overall bullish, rose significantly last week - any such reaction should again be bought, although with downside volume now lighter than upside volume and silver now looking set for another upleg, there may be no reaction at all. The Prime Minister of Greece Mr Papandreou got "taken behind the woodshed " by Mr Sarkozy and Mrs Merkel for threatening to tip over the apple cart and wreck their plans with his referendum brainwave, but as this is a family website, we won't repeat here what they said to him, but it served to put him back on side.
Monday, November 07, 2011
Silver Reacts Back to Support Along $33.50 Area / Commodities / Gold and Silver 2011
By: Clive_Maund
Silver did what was expected of it last week, by reacting back to support in the $33.50 area, although it very briefly touched $32 intraday on Tuesday, and then, also as expected it bounced back. On the 4-month chart the action last week looks like a normal reaction, that may be a bull Flag, within a young uptrend that was signalled by the clear break above important resistance in the $33 area, which marked the top of the now completed intermediate base pattern.
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Monday, November 07, 2011
Falling Inflation, The Most Bullish Sign For Gold / Commodities / Gold and Silver 2011
By: Bob_Kirtley
Whilst many may argue that gold is an inflation hedge and therefore inflation is bullish for gold, in reality the dynamics at play here are not that simple.
In our view, gold is a currency. Therefore fluctuations in its price are largely based on its perceived value relative to other currencies. We would not suggest that its role as an inflation hedge is a primary reason for being long gold, since there are far more direct and efficient ways to hedge against inflation risk in this modern financial environment. We do however see currency devaluation as a primary reason to own gold. If one thought the Yen was going to strengthen against the dollar, then one would move USD holdings into JPY. If one thought the Yen was going to weaken against sterling, then one move JPY holdings into GBP. This environment is unique as across the world governments and central banks are trying to lower the value of their currencies. Therefore there is nowhere to go, except for gold which cannot be printed in an attempt to erode its value.
Sunday, November 06, 2011
Gold Price Action Remains Overall Bullish / Commodities / Gold and Silver 2011
By: Merv_Burak
Nothing much has really happened since my last post a few weeks back. Yes, gold went down a little and up a little but no real move of significance. I’m not yet sure if such lack of real action is positive or negative. Only time will tell. In the mean time let’s see how we ended the week.
Saturday, November 05, 2011
Why Gold and Silver Stocks Are Likely to Rally from Here… / Commodities / Gold and Silver 2011
By: Przemyslaw_Radomski
Is Greece the canary in the coal mine? Less than a week after European leaders crossed the T’s and dotted the I’s on the debt-restructuring plan for Greece, the prime minister's ruling party called for a surprise referendum on the E.U. debt deal. Then on Thursday he called it off. Sovereign debt and fiat currencies are all paper.
All that is happening only heightens talk about gold as money. But first, let’s have a definition of money, it being a subject that interests almost everyone on the planet. Like Voltaire said: “When it’s a question of money everyone is of the same religion.”
Saturday, November 05, 2011
Is Europe Warming Up Gold for its Final Act? / Commodities / Gold and Silver 2011
By: Eric_McWhinnie
On Tuesday, Greek Prime Minister George Papandreou surprised European leaders when he called for a referendum on the new aid package for Greece. Since then, the referendum has already been cancelled. It was the latest drop in the roller coaster ride that’s called Europe. Concerns continue to mount on how Europe to fix Greece, and after that Italy. Unfortunately, between all the headlines and rumors concerning Europe, nothing has really changed. Europe is in a world of hurt that will lead to either a total overhaul of the financial system, or more money printing. Considering gold futures hit a six-week high at $1,765 on Thursday, precious metal investors are preparing for the latter.
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Saturday, November 05, 2011
Gold Futures Through a NEoWave Lens / Commodities / Gold and Silver 2011
By: Glenn_Neely
Interview with NEoWave Founder Glenn Neely
This article is Part 2 of a 3-part interview series with Glenn Neely, founder and president of NEoWave Institute. In these 3 interviews, conducted by blogger Bud Fox, Glenn Neely looks ahead at 3 specific trading markets (Euro, Gold, and Treasuries) through the lens of Wave structure and explores what Wave theory tells us about the next 5-10 years.
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Friday, November 04, 2011
Gold Hovers as Dominance of Dollar Could End as IMF Considers Increasing Liquidity / Commodities / Gold and Silver 2011
By: Ben_Trayner
DOLLAR PRICES for gold bullion continued moving in a range bound fashion around $1758 an ounce – 8.3% up from where they began October – after the release of US nonfarm payroll data, which showed the US economy added 80,000 jobs last month.
The unemployment rate meantime fell to 9.0% in October – down from 9.1%, where it spent the previous three months.
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Friday, November 04, 2011
Central Banks Quietly Accumulating Gold - Declared Purchases of 206 Tons Through September 2011 / Commodities / Gold and Silver 2011
By: GoldCore
Gold is trading at USD 1,759, EUR 1,271.10, GBP 1,097.40, JPY 137,261, CHF 1,552.30, and AUD 1,690.40 per ounce.
Gold’s London AM fix this morning was USD 1,756.00, GBP 1,096.47, and EUR 1,269.61per ounce.
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Friday, November 04, 2011
Gold on a Run to $2000 by Year End / Commodities / Gold and Silver 2011
By: George_Maniere
“All men see these tactics whereby I conquer, but what none
Can see is the strategy out of which victory is evolved.” --Sun Tzu—
The Dow Jones industrial average jumped 208 points Thursday after Greece scrapped a referendum on unpopular budget cuts and the European Central Bank unexpectedly cut interest rates. It was the second straight day of big gains in the stock market.
Thursday, November 03, 2011
Gold Hits 6-Week High, Papandreou Won't Last til Tonight / Commodities / Gold and Silver 2011
By: Ben_Traynor
U.S. DOLLAR prices to buy gold jumped to a six-week high of $1757 an ounce late on Thursday morning – though only 0.7% above last Friday's close – following reports that Greek prime minister George Papandreou was on the verge of offering his resignation.
Stocks and commodities gained, while the Euro dropped sharply following the European Central Bank's decision to cut interest rates.
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Thursday, November 03, 2011
US Mint Sales Show Buyers Want Silver / Commodities / Gold and Silver 2011
By: Dr_Jeff_Lewis
The US Mint released its silver sales figures, relaying to investors what was already known—investors want silver, and silver only.
The Mint ran into problems during September, taking more orders for coins than it had available in uncirculated condition. As of October 21, the problem in supplying the market with uncirculated coins has been smoothed out, and the market remains hungry for silver coins of all types, except those closest to numismatic coins.
Thursday, November 03, 2011
Indian Silver Demand to Blossom Amidst Festival / Commodities / Gold and Silver 2011
By: Dr_Jeff_Lewis
As fears of recession return, one major driver for silver consumption is still in play: India’s year-end festival. Shying away from high-priced gold, the more affordable alternative seems perfect at current prices, and some analysts believe 2011 demand could come in 50% higher than in 2010.
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Thursday, November 03, 2011
Questions to Ask Every Gold Mining Company / Commodities / Gold and Silver 2011
By: The_Gold_Report
Could a few simple questions help you find winners in the mining space? Dr. Michael Berry, publisher of Morning Notes, thinks so. Berry has taken years of experience picking resource stocks and boiled it down to key questions he asks of every company. He has refined his Discovery Investing philosophy into the Discovery Investing Scoreboard software, which debuts for investors in January at the Cambridge House Symposium in Vancouver. Berry turns his high-powered analysis toward the European debt crisis and what it means for gold in this exclusive interview with The Gold Report.
Wednesday, November 02, 2011
Silver Is Ready, Are You? / Commodities / Gold and Silver 2011
By: Hubert_Moolman
In my previous silver update, I presented the following chart, which indicated that silver was at a major crossroads:Read full article... Read full article...