Category: Gold and Silver 2011
The analysis published under this category are as follows.
Friday, July 08, 2011
India’s Gold, Silver Imports Surge 200%, Chinese Bullion Demand Surging Further / Commodities / Gold and Silver 2011
By: GoldCore
Gold is trading at $1,528.33/oz, €1,071.99/oz and £958.08/oz.
Gold was lower in most currencies except the euro this morning as euro weakness has kept gold close to record nominal highs in euros. Gold is 2.7%, 3.3% and 4% higher in dollars, pounds and euros for the week and looks set to close higher and near nominal highs in all currencies.
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Thursday, July 07, 2011
Silver Platter Investor Opportunity / Commodities / Gold and Silver 2011
By: Jim_Willie_CB
Every few years, a tremendous opportunity arises. The autumn months of 2007 and the autumn months of 2008 offered such an opportunity to buy silver. That $11 silver price is long gone. Many smart folks seized it. Whatever can be said on such silver platters applies almost equally to gold. The silver sprint gains are typically much larger than the gold steady gains. The coming autumn months will feature a gaggle of supposed financial analyst experts backpeddling in their hasty damage control. They have been broadcasting a wide assortment of low level propaganda posing as competent analysis, as they attempt to make the point that the anti-USDollar trade is done, the gold trade is over, the silver trade is spent. They are so wrong.
Thursday, July 07, 2011
The Greek/B.I.S. Currency Gold Swap / Commodities / Gold and Silver 2011
By: Julian_DW_Phillips
The Bank of International Settlement holds 500.7 tonnes of gold as at the end of 2010. Why?
In the third quarter of 2009 it held just under 120 tonnes. These were part of currency/gold swaps. There are no details of the names of the counterparties. Coincidentally, they could be nearly the total of the 'official' gold holdings of Greece, Portugal and Spain.
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Thursday, July 07, 2011
Gold Falls, U.S. Debt Ceiling Plan B Insane / Commodities / Gold and Silver 2011
By: Ben_Traynor
U.S. DOLLAR gold prices dropped to $1525 an ounce Thursday morning London time – still 2.5% up from where they ended last week – as stocks and commodities gained and US Treasury bonds fell, while rumors spread that the US Treasury is holding secret debt ceiling talks.
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Thursday, July 07, 2011
Royal Mint Silver Production Surges 100%, Sovereign Edward Supply Tight but Bullion Premiums Low / Commodities / Gold and Silver 2011
By: GoldCore
Gold is trading at $1,525.62/oz, €1,069.93/oz and £955.18/oz.
Gold is marginally lower in pounds and dollars and marginally higher in euros ahead of the key interest rate announcement from the European Central Bank (1245 GMT). The Bank of England kept interest rates at historic lows of 0.5% and the ECB is expected to increase rates by 25 basis points to 1.5% today despite the Eurozone debt crisis.
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Wednesday, July 06, 2011
Why Gold, Silver and Copper Mining Investors Must Follow Peru / Commodities / Gold and Silver 2011
By: Jeb_Handwerger
The elections in Peru of Humala, an avowed radical socialist, is an ongoing development of great significance for precious metals and mining investors. It is not an event that has gone unnoticed by experienced speculators. Mining investors (GDX) worldwide are watching July 28th when the new regime takes control. So far in 2011 investors have sold off mining assets in Peru and buying the underlying metal.
Wednesday, July 06, 2011
Bullish on Euro and Gold / Commodities / Gold and Silver 2011
By: Mike_Paulenoff
Based on the contracting, coil-consolidation type patterns carved out in the euro/dollar and in spot gold since the first week of May, those two markets right now are warning us to expect potentially powerful, bullish upside resolutions. This should propel the euro/dollar to 1.51-1.53 and spot gold prices to $1590-$1620.
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Wednesday, July 06, 2011
Rising Interest Rates Not ETF's Are Kryptonite to the Gold Price / Commodities / Gold and Silver 2011
By: Adrian_Ash
When real headwinds blow for the gold price, they'll blow from the East, not from falling gold ETF sales...
SO AFTER The Economist and Harper's both tried (and failed) to tar all gold investors with the same "idiot gold-bug" brush, trust our friends at the Financial Times to mistake Western investment funds for the entire global gold market.
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Wednesday, July 06, 2011
Euro Gold Rises to EUR 1,056/oz as Portuguese Bonds Melt Down / Commodities / Gold and Silver 2011
By: GoldCore
Gold is trading at $1,515.06/oz, €1,055.42/oz and £945.73/oz.
Gold is marginally higher in most currencies today and has risen a further 0.55% against the euro to EUR1,056/oz. It is just 3% from the record nominal high in euros at €1,087/oz due to the risk of contagion in the Eurozone.
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Wednesday, July 06, 2011
Gold Rises as Portugal Catches Eurozone Debt Plague / Commodities / Gold and Silver 2011
By: Ben_Traynor
WHOLESALE MARKET gold bullion prices held steady around $1517 per ounce for the bulk of Wednesday morning London time – 2% up from Friday's close – while stocks and commodities slumped and US Treasury bonds gained after Portugal saw its sovereign debt downgraded to junk.Read full article... Read full article...
Wednesday, July 06, 2011
Silver Bottoms Amid Subtle but Bullish Factors / Commodities / Gold and Silver 2011
By: Jordan_Roy_Byrne
Successful market timing is based on careful use of technical analysis and sentiment analysis. Technical analysis measures supply and demand and sentiment analysis takes that a step further by looking at investor attitudes their positions and money flows. This information helps us assess probabilities. Nothing is certain but we want to see strong evidence before forecasting a turn in the market. In regards to Silver, we see strong evidence that a bottom is in place and the market will move higher in both the short and intermediate term.
Tuesday, July 05, 2011
Rise of the Barter Economy / Commodities / Gold and Silver 2011
By: Peter_Schiff
Imagine a day when you go to buy a quart of milk, ask the price, and the cashier says, "that'll be a tenth ounce silver." As the US dollar's decline accelerates, several efforts around the country are trying to make this vision a reality.
Historically, paying for items in silver or gold was actually quite common. We happen to live in an unusual time and place where generations have grown up trading exclusively in paper. While my parents still used dimes made of silver, we have now gone several decades with no precious metals in any of our official coinage. But this system of money by government fiat is unsustainable.
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Tuesday, July 05, 2011
Asian Bargain Hunters Boost Gold Price / Commodities / Gold and Silver 2011
By: Ben_Traynor
THE WHOLESALE market price to buy gold climbed to $1505 an ounce Tuesday morning London time – 1.2% up on last Friday's close – while stocks, commodities and US Treasury bonds also gained after yesterday's Independence Day holiday in the US.
"Bargain hunting [has] helped the metal rebound from its low on Friday," notes Swiss precious metals refiner MKS.
Tuesday, July 05, 2011
Gold Price Should Double / Commodities / Gold and Silver 2011
By: Tony_Caldaro
While the potential for a continued extension of Major wave 3, of Primary V, did not pan out: http://caldaro.wordpress.com/.... The primary count, an Intermediate wave B rally, did. Gold is now in a downtrend and still correcting in Major wave 4, after completing a Major wave 3 high at $1563 in late April.
Tuesday, July 05, 2011
Gold Targets $1,800/oz on Seasonal Strength and Deepening Eurozone and U.S. Debt Crisis / Commodities / Gold and Silver 2011
By: GoldCore
Gold is trading at $1,504.13/oz, €1,039.34/oz and £933.89/oz.
Gold is higher today and showing particular strength against the euro and the Japanese yen. The relief rally seen in equities since the latest Greek ‘bailout’ is under pressure as S&P have said the debt rollover proposal would be a “selective default”. The ECB may selectively reject the S&P Greek downgrade and arbitrarily select the best credit rating being offered.
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Tuesday, July 05, 2011
Gold Price Downside Limited / Commodities / Gold and Silver 2011
By: Bob_Kirtley
Despite some calling for an explosive summer rally in gold, prices fell again this week on the back of easing concerns over Greek sovereign debt as the Greek parliament successfully passed the austerity legislation required to access additional bailout funds. This was due to the erosion of what we call gold's "Eurozone Debt Crisis Premium" and, as explained in our article last week; gold prices were not likely to rally in any sustainable manner. However the question is where are gold prices heading from now and how should one go about trading or investing in this environment.
Monday, July 04, 2011
Gold Rallies as Greeks Lose Sovereignty for Eurozone Expertise / Commodities / Gold and Silver 2011
By: Ben_Traynor
THE WHOLESALE market price of gold bullion rose to just under $1497 per ounce Monday morning in London – 0.7% up on last week's close – before easing back around lunchtime.Stock markets gained and commodities were mixed after news that a plan to roll over Greek sovereign debt could be declared a default.
Sunday, July 03, 2011
Gold Continues to Target a Downtrend to $1400 / Commodities / Gold and Silver 2011
By: Merv_Burak
So far the head and shoulder pattern in gold, highlighted here for the past couple of weeks, is acting right on schedule. If all continues to perform as expected then we are heading towards the $1400 area. BUT seldom do things go as expected. Go with the flow but always be prepared for the unexpected.
Sunday, July 03, 2011
Got Physical Silver? / Commodities / Gold and Silver 2011
By: Anthony_David
According to the annual report released by metals consultancy GFMS Limited for The Silver Institute, the annual industrial demand for silver will grow from about 487.4 million ounces recorded in 2010 to 665.9 million ounces in 2015. While emerging technologies are expected to contribute significantly to this demand, it is apparent that established uses will still be the major demand driver.
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Saturday, July 02, 2011
Gold and Silver Investors, Don't Underestimate The Chinese / Commodities / Gold and Silver 2011
By: Julian_DW_Phillips
Premier Wen Jiabao has just completed a tour of Europe. When you listen to the media, they will inform you of the benefits to the countries visited, but there is another agenda that is not highlighted. Look at what is happening in China -- gold markets and the activities of the central bank in that market -- and a very clear picture emerges of what is likely to happen with gold as China moves towards its prime objectives.