Category: Gold and Silver 2011
The analysis published under this category are as follows.
Thursday, August 25, 2011
Gold Correction UnderWay, Buy Back in at $1600 / Commodities / Gold and Silver 2011
By: George_Maniere
Yesterday we witnessed the mother of all head fakes. The ishares ETF GLD was unbelievably overbought. We began Tuesday with the spot price of gold at $1900.00 and more telling the RSI was at 80. This is “nosebleed territory” This correction which I wrote about on Tuesday was long overdue. Since the 1st of July gold has run up in a parabolic move. There was a two day pullback in Mid August when the CME raised margin requirements 22%. That slowed down gold for two whole days. Well today, for the second day in a row, gold dropped another $104.00 to close at $1757.30. There was no news that drove the price down. I believe it was a healthy and expected correction that as I have said was long overdue. The RSI as I mentioned was at 80 and dropped to 54.34. I expect we may get another drop tomorrow but that should do it. I have written that I was looking for a correction to $1600.00 - $1650.00 and another 100 point drop tomorrow will put us right in the sweet spot for another continued run up. Read full article... Read full article...
Thursday, August 25, 2011
Transaction Volume Lifting Silver / Commodities / Gold and Silver 2011
By: Dr_Jeff_Lewis
Behind the meteoric rise in silver prices might be the European banking crisis, or it may be Ben Bernanke’s next Federal Reserve meeting. Though the headlines promote one very basic idea—a catalyst necessarily drives prices in the financial markets—transactions must take place for silver prices to move. It now appears that the catalyst has a driving force: the American public.
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Thursday, August 25, 2011
Gold, the Dollar and the Failure of Currencies / Commodities / Gold and Silver 2011
By: Julian_DW_Phillips
The U.S. Fed and Congress want to see a far weaker dollar against all other currencies but can't see it because of the structure of the currency system!
In the last two weeks we have seen the strongest and most respected currencies being purposely weakened by their own central banks. It is at times like these, when the going gets tough that national monetary priorities are fully exposed. There are major dangers in these policies because of the role that currencies have played since gold was written out of the monetary system in the early seventies. Then the role of currencies was broadened to include: -
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Thursday, August 25, 2011
Gold Pure Media Bias / Commodities / Gold and Silver 2011
By: Andy_Sutton
Bloomberg News has been cheered in recent months for several ‘movements’ in quasi-honest reporting, most notably a recent article on the $1.2 Trillion (at a bare minimum) that went to the global aristocracy from the US fed at the height of the 2008 financial crisis. The very fact that this slice of men without a country profited so insanely from the crisis should give most people are pretty good idea of how contrived the crisis was to begin with.
Thursday, August 25, 2011
Gold Fear, Greed Mania / Commodities / Gold and Silver 2011
By: Jeff_Clark
By Jeff Clark, Casey Research : Is the mania here?
When most investors hear the word “mania” they think of a runaway market induced by greed. You know, that animal-like instinct we all occasionally feel, the one promising riches from a market on a rip-roaring tear.
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Wednesday, August 24, 2011
Why Did Gold and Silver Price Fall? / Commodities / Gold and Silver 2011
By: Eric_McWhinnie
It was an ugly day for precious metals (NYSE:DBP). On Tuesday, gold (NYSE:GLD) and silver (NYSE:SLV) both fell as the Dow (NYSE:DIA) gained the most points in two weeks. Gold dropped the most in a year after reaching a new nominal high of $1917.90 per ounce. Silver also declined and reached a session low of $41.50 before rebounding back above $42. Since gold and silver often play off each other, let’s take a closer look at gold as it provides a clear reason for the pullback.
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Wednesday, August 24, 2011
Germany May Want PIIGS Gold as Security for ‘Bailouts’, Merkel’s Officials in Damage Limitation Mode / Commodities / Gold and Silver 2011
By: GoldCore
All major currencies are lower against gold today with the Japanese downgrade and concerns about global growth taking their toll on Asian stock markets. While European indices have eked out gains, some selling of peripheral European debt has been seen again and yields on German bunds have risen.
Wednesday, August 24, 2011
Gold to Roubini: $21,500 Ker-Pow! / Commodities / Gold and Silver 2011
By: Adrian_Ash
Squint hard enough at the Nasdaq Bubble, and apparently you can see the future of gold...
The GREAT SAGE HIMSELF – seer of the financial crisis, gloom-n-doomster extraordinaire – Nouriel Roubini thinks today's gold investors are "sheep or lemmings".
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Wednesday, August 24, 2011
Gold and Interest Rates, More than Joined at the Hip / Commodities / Gold and Silver 2011
By: Rob_Kirby
“Interest rates to remain at zero for the next two years.” Those were the words of Fed Chair - Sir Benjamin of Bernanke last week. With inflation beginning to pick-up – the notion that rates would remain at zero for a prolonged period of time seems “paradoxical” to conventional economic thought. There have been other misunderstood ‘paradoxes’ in economics in modern times. Here’s how Wikipedia explains the relevance of this famous benchmark in economics:
Wednesday, August 24, 2011
Gold and Silver Are Soaring Amidst Global Fears / Commodities / Gold and Silver 2011
By: Eric_McWhinnie
While the markets may be breathing a sigh of relief with the Dow (NYSE:DIA) up 37 points on Monday, gold (NYSE:GLD) and silver (NYSE:SLV) are signaling more problems await the global financial system. On Monday, gold and silver continued to rally after last week’s impressive gains. Furthermore, Citigroup (NYSE:C) and Hugo Chavez continue to fuel precious metals (NYSE:DBP) higher.
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Wednesday, August 24, 2011
Gold Eyes $2,000, Is it a Bubble Ready to Burst? / Commodities / Gold and Silver 2011
By: Gary_Dorsch
Even the most avid gold bugs, who’ve been stockpiling vast quantities of the barbaric metal for decades, and endured their fair share of panic shakeouts, were probably in a surreal state of “shock and awe,” while watching the price of the yellow metal soar to within 1% of the psychological $2,000 /oz level this week. It’s as if somebody launched a rocket on the Fourth of July. Since then, the price of gold has soared $400 /oz, zooming higher in a parabolic pattern. After all the bullish chatter on the blogosphere over the past decade, Gold, - the so-called barbaric metal, has triumphed over the stock peddlers on Wall Street.
Tuesday, August 23, 2011
Gold Reaches $1,913.50, Smart Money Moving into Silver / Commodities / Gold and Silver 2011
By: GoldCore
All major currencies are higher against gold today including the US dollar, despite the dollar falling on international markets.
Gold reached new record nominal highs at $1,913.50/oz overnight and profit taking and traders nervous about potential margin increases have led to a 1% fall in dollar terms today. Gold has fallen by more in euro and sterling.
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Tuesday, August 23, 2011
Unreasonable Gold Nutcases Simply Seek Shelter Says Pimco / Commodities / Gold and Silver 2011
By: Ben_Traynor
THE PRICE of physical gold touched new record highs against all major currencies at the start of Asian trade Tuesday, falling back by 2% as European stock markets then extended their rally from the summer's near-20% plunge to date.
Industrial commodities also rallied for the second day running, while major-economy government bonds ticked lower once more, nudging interest rates higher from last week's near-record lows.
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Tuesday, August 23, 2011
Gold Prices Hit Another Record – But Silver is the Play to Make / Commodities / Gold and Silver 2011
By: Money_Morning
Jason Simpkins writes: Gold prices had another record-breaking day yesterday (Monday), with gold for December delivery climbing 2.1% to close at another all-time high of $1,891.90 an ounce on the Comex.
But as impressive as gold's run has been, silver may be the better bet.
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Tuesday, August 23, 2011
Gold Value Propositions in Turbulent Times / Commodities / Gold and Silver 2011
By: The_Gold_Report
It's a good time to stock up on gold stocks, according to Charles Oliver, senior portfolio manager with Sprott Asset Management, who sees a number of the equities trading at their lowest prices of the decade. As he tells readers in this exclusive Gold Report interview, "Gold has gone up 20%. The stocks have gone down. They are very cheap. These companies are increasing their earnings, they're increasing their cash flow, they're increasing their dividends—what a great opportunity."
Monday, August 22, 2011
The Neverending Gold is a Bubble Story / Commodities / Gold and Silver 2011
By: Frank_Holmes
Gold continued to make headlines last week, reaching nearly $1,900 an ounce on Friday before resting around the $1,850 level. Gold’s 15 percent rise to new nominal highs over the past month has rekindled “gold bubble” talk from many pundits. Long-term gold bulls have been forced to listen to these naysayers since gold reached $500 an ounce. If you would have joined their groupthink then, you would’ve missed gold’s roughly 270 percent rise since.
Monday, August 22, 2011
Gold on the Verge of a Major Price Correction? / Commodities / Gold and Silver 2011
By: David_Banister
Just under two weeks ago I wrote about gold likely running to a final top with various levels ranging from 1862 to 1907 per ounce as likely. So far, we bottomed with a pivot at $1730 which I mentioned to my paying subscribers and we have run to as high as $1898 per ounce counting futures trading on August 22nd. What should we expect now as the most likely intermediate trading pattern for Gold?
Monday, August 22, 2011
Gold Extremely Dangerous Parabolic Curve as Speculators Build Massive Positions / Commodities / Gold and Silver 2011
By: Ned_W_Schmidt
Near the end of any investment cycle a transfer of ownership normally occurs, from investors to speculators. The asset moves from strong hands to weak hands, from real ownership to fictional ownership in the market for contracts for future delivery. That usually set up conditions for the penalty phase, as those still bleeding from the Silver bear market fully understand.
As we learn from Japan, owners of physical Gold in all forms are aggressively liquidating. From "Tokyo struggles to keep pace with gold rush" by L. Whipp from Financial Times, 20 August,
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Monday, August 22, 2011
Gold Nears $1,900 - Venezuela Formally Requests Gold Holdings Held by BOE Ship by Sea / Commodities / Gold and Silver 2011
By: GoldCore
All major currencies have fallen against gold and silver again today with gold reaching new record nominal highs in most fiat currencies including U.S. dollars. Gold reached a new record of $1,894.80/oz - just shy of $1,900/oz.
Monday, August 22, 2011
Gold Touches $1890 as Treasury Buyers Look to QE3 / Commodities / Gold and Silver 2011
By: Adrian_Ash
THE PRICE OF physical gold rose Monday morning for the thirteenth time in sixteen August trading sessions so far, recording new all-time highs against all major currencies bar the Japanese Yen as London dealing began.
The price of physical gold briefly broke above $1890 per ounce as Asian stock markets closed the day lower again, but European equities then bounced, with London's FTSE-100 index jumping 2% to regain 100 of the 775 points lost so far in August.
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