Category: Gold and Silver 2011
The analysis published under this category are as follows.
Sunday, August 28, 2011
Gold Blow Off May Have Arrived / Commodities / Gold and Silver 2011
By: Merv_Burak
Gold Blow Off May Have Arrived
Boy, some of these moves are getting kind of scary. To keep your balance about things it might be very beneficial to watch the long term chart. It does not roller coaster like a short term one. On the other hand there may be just too much action missed between a short term and a long term trend.
Sunday, August 28, 2011
Gold Head and Shoulders Top? / Commodities / Gold and Silver 2011
By: Clive_Maund
After becoming monstrously overbought, gold suffered a heavy smackdown early last week as predicted in last week's update. It plunged back into support at the neckline of a potential Head-and-Shoulders top that we had delineated and then bounced strongly - so strongly that it calls into question the validity of this pattern. This action is shown in detail on the 2-month chart below. If the H & S pattern is negated by the price continuing to advance towards the highs again it does not mean that gold is not marking out an intermediate top or at least a consolidation, however, as it could morph into some other pattern like a Rectangle.
Sunday, August 28, 2011
Silver Failing to Break Above Resistance / Commodities / Gold and Silver 2011
By: Clive_Maund
After one more up day silver reacted back with gold as predicted in the last update and then found support at the lower trendline shown on its 6-month chart above its rising 50-day moving average. We now have to be careful with silver because there is widespread rampant bullishness with some extravagent targets being bandied about, and we know what usually happens when that is the case. Also, as set out in the Gold Market update, gold is still way overbought and thought to be vulnerable to a potentially substantial correction.
Sunday, August 28, 2011
Gold 2006 vs Gold Today, Does It Look Familiar? / Commodities / Gold and Silver 2011
By: Willem_Weytjens
On April 22nd, we wrote an article “Silver 2006 vs Silver Today, Does it look Familiar?”
The patterns were nearly identical… and so was the huge drop that followed.
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Saturday, August 27, 2011
Gold Opportunity Antidote to Cartel Created Crises / Commodities / Gold and Silver 2011
By: DeepCaster_LLC
“Gold Cartel Trifecta And Another Temper Tantrum
"They say the price of gas could soon be under $3 a gallon. Do you know what that means? You can now afford to drive by the house you used to live in, go by the job you used to have, and go see the bank where you used to have money." … Jay Leno
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Saturday, August 27, 2011
Gold and Silver Deeper Correction Due? / Commodities / Gold and Silver 2011
By: Julian_DW_Phillips
The rise in the gold price has continued and shown a break up above the trend line. This has always been a sign that the gold, silver prices have 'spiked'. This has always been a signal to be ready to take profits and be ready to go back in lower down.
This was a correct approach and we do not argue with the logic; however, a change is happening in precious metal markets. Over the last few weeks gold has run ahead but it has seen brief and shallow corrections until this last week when traders and speculators caused a 'spike' to $1.910, before an equally dramatic fall back to $1,716. This is not the sort of correction we are discussing here. The speed and extent of the correction did not reflect the market fundamentals.
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Friday, August 26, 2011
Stocks at Rock Bottom, Gold at Top, Is a Bigger Correction Underway? / Commodities / Gold and Silver 2011
By: Przemyslaw_Radomski
To quote Charles Dickens, this week was the best of times, it was the worst of times.
This week Quaddafi was finally cast out, Dominique Strauss Kahn was cleared, Japans’ credit rating was cut, Washington quaked and everyone waited with bated breath for the words from Jackson Hole, WY.
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Friday, August 26, 2011
Gold’s Strength and Vulnerability / Commodities / Gold and Silver 2011
By: Seven_Days_Ahead
The important thing to note is that a fall of $400 in the Price, some 20% from the Highs, would only bring the market back to the bull trend, rather than break it.
Friday, August 26, 2011
The Silver Tide is about to Rise / Commodities / Gold and Silver 2011
By: Bob_Kirtley
Silver has now been through a correction and consolidation phase and is all set for the next leg up. We’ll start with a quick look at the chart. First of all please note that the gap between the price of silver and the 200dma has closed considerably as this moving average heads north in support of silver prices. The RSI is now ‘middle of the road’ at 54.39 with room to go either way, however, we expect silver to move higher from here.
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Friday, August 26, 2011
Gold and Silver - The Cure for Panic and Anxiety / Commodities / Gold and Silver 2011
By: George_Maniere
There is something going on in the United States. I can’t quite put my finger on it but there seems to be a change in the attitude of the people. There is a pervasive sense of panic that has permeated every part of our society. I think that our citizens have come to the realization that we have come to a point that unless there are drastic actions taken by our leaders, our great nation is in for a systemic failure. I base this feeling I have on watching the tape and noticing a pattern of heavy selloffs, large purchases of gold and silver, a constant bombardment from the media that we are in serious trouble with the amount of debt we have amassed, growing unemployment, low wage menial jobs and big banks teetering on the brink. To emphasize my point on the banks we need look no further than Bank of America’s CEO Brian Moynihan saying that the bank was well capitalized and then selling Warren Buffet 5 billion dollars of preferred shares of stock. “Something ain’t right in Kansas, Dorothy!”Read full article... Read full article...
Friday, August 26, 2011
More Upside for Silver SLV ETF / Commodities / Gold and Silver 2011
By: Mike_Paulenoff
Increasingly, my composite technical work in silver and the iShares Silver Trust ETF (NYSE: SLV) is telling me that the decline from 43.08 to 37.92 since Monday is a completed down-leg within a larger, complex corrective period -- or in and of itself a totally completed correction.
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Friday, August 26, 2011
Will Silver Benefit From Rising Gold Margin Requirements? / Commodities / Gold and Silver 2011
By: Jeb_Handwerger
Readers of Gold Stock Trades continue to express an abiding interest in the “poor man’s gold” known as silver(SLV). Prominent among the questions they raise are: Quo Vadis Silver? Read full article... Read full article...
Friday, August 26, 2011
Will Gold Become Collateral for a Euro Zone Bailout? / Commodities / Gold and Silver 2011
By: Eric_McWhinnie
“Gold is Money. Everything else is credit.” -J.P. Morgan
Although Ben Bernanke says gold is not money, countries around the world sure are treating it as such. Last week, Hugo Chavez announced he was nationalizing Venezuela’s entire gold industry. Furthermore, the central bank of Venezuela has sent a statement via email requesting its 99 tons of gold holdings from the Bank of England. Gold is not only seen as currency by many, but also as a valuable hedge. Now, in exchange for bailout assistance, Germany is looking to hedge bailout repayment risk with gold.
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Friday, August 26, 2011
Buy Gold Price Dip With Both Hands / Commodities / Gold and Silver 2011
By: Jason_Hamlin
After making a new all-time high above $1,900, gold has plunged by $170 or roughly 9% in the past few days. Many factors have been blamed including the CME margin hike of 27%, money moving back into stocks or simple profit taking by funds to rebalance their portfolios after such a strong move. Others point to the routine take down of precious metals just prior to futures/options expiration.
Thursday, August 25, 2011
Chorus of Gold Bubble Callers Such as Roubini Out in Force Again / Commodities / Gold and Silver 2011
By: GoldCore
All major currencies have risen against gold again today as the vicious sell off seen on Tuesday and particularly yesterday continued in Asia overnight and in Europe.
Gold is trading at USD 1,723.80, EUR 1,192.10, GBP 1,052.90, CHF 1,369.50 and JPY 133,225 per ounce.
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Thursday, August 25, 2011
Gold Plunges by 11% But Doesn't Change Long-Term Fundamentals / Commodities / Gold and Silver 2011
By: Adrian_Ash
THE PRICE OF GOLD in professional wholesale dealing sank further on Thursday morning, plunging to a 9-session low of $1704 early in London – a drop of more than $200 per ounce from Tuesday's new record high.
"A glance at the gold price on a logarithmic scale suggests a correction was overdue," says Societe Generale's daily "macro" note.
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Thursday, August 25, 2011
Gold Sell-Off, Now What? / Commodities / Gold and Silver 2011
By: Willem_Weytjens
After reaching an all-time high well above $1,900 earlier this week, gold is now about $200 lower, just two days later.
We have been saying more than once that we should expect these kind of volatile moves in a parabolic end phase. The difficulty of parabolic moves, is to guess when it pops, and to get a chair before the music stops playing, because WHEN it pops (it always does at some point), the move down is very violent, like we have seen over the last 2 days.
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Thursday, August 25, 2011
Gold Price Pullback, Time to Sell? Or Buy? / Commodities / Gold and Silver 2011
By: Jeff_Berwick
I had one of those days. You know how sometimes you’re just humming along in your car in the zone… green lights at every intersection… slow-pokes in front of you moving to the slow lane before you lose patience and honk… just generally it’s as if the sea has parted for your journey.
Today was the opposite. It was like an obstacle course. I was expending twice the energy to get the usual amount of work done.
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Thursday, August 25, 2011
Gold Bump and Run Reversal, How Low Can Gold Go on a Correction? / Commodities / Gold and Silver 2011
By: Dr_Nu_Yu
Gold is in the second phase of a Bump-and-Run Reversal Top pattern, which typically occurs when excessive speculation drives prices up steeply, and is now at a critical juncture where substantially lower prices could be realized. Let me explain.
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Thursday, August 25, 2011
Gold Versus Gold Stocks / Commodities / Gold and Silver 2011
By: Adam_Brochert
Gold versus Gold stocks. A topic near and dear to my heart. One that I have studied relentlessly for the past several years. I am no mining expert. I am not the one that can point you to the next "ten bagger" in the junior mining sector. But I have been right in insisting that my subscribers favor Gold over Gold stocks and I continue to favor Gold (and silver) over the companies that dig these metals out of the ground. This is sector analysis, not an individual firm analysis.