Category: Gold and Silver 2011
The analysis published under this category are as follows.
Tuesday, June 28, 2011
Gold Trading at $1500, BOE’s Posen Says Stagflation Unlikely in UK / Commodities / Gold and Silver 2011
By: GoldCore
Gold is trading at $1,501.60/oz, €1,052.35/oz and £941.09/oz.
Gold is marginally higher in all currencies and 0.7% higher in sterling after a downward revision of UK GDP from 1.8% to 1.6% growth saw sterling decline. Stagflation appears to be taking hold in the UK with soaring food and energy costs eroding household incomes and economic growth continuing to decline.
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Tuesday, June 28, 2011
Gold Cash In, Not Out at $1,500 / Commodities / Gold and Silver 2011
By: The_Gold_Report
Some pundits are yelling for investors to take profits in junior resource stocks now. In this exclusive interview with The Gold Report, Richard (Rick) Mills, host of Ahead of the Herd online and editor of Ahead of the Herd newsletter, explains why $1,500 gold means investors should be cashing in, not cashing out.
The Gold Report: Last week, gold reached above $1,540/ounce (oz.) as fears escalated over Greece defaulting on its sovereign debt, most of which is owed to European banks. One telling figure is that the risk of default is so high that the interest rate on two-year Greek bonds is about 29%. Should we expect a continuing upward trend for gold throughout the rest of the year as Greece's debt story and the fears of contagion play out in Europe?
Monday, June 27, 2011
On Gold Bugs!, Fort Knox Gold Count?,Headlines – Internet as ‘Go To’ Media! / Commodities / Gold and Silver 2011
By: Ian_R_Campbell
An article yesterday titled 'Taking Issue with Some Gold Bugs' - reading time 4 minutes - is written by Jordan Roy-Byrne of The Daily Gold blog. In the article, Roy-Byrne, a self-confessed "gold bug both philosophically and in terms of investing" takes exception to a number of 'gold bug' headlines and talking points, being:
Monday, June 27, 2011
How Does the Eurozone Crisis Boost Gold and Silver? / Commodities / Gold and Silver 2011
By: Julian_DW_Phillips
Over the last year, perhaps the greatest concern of the developed world markets has been the Eurozone debt crisis and its effect on the euro. It has brought into sharp focus the seriousness of a nation's debt situation. In the last decade, we have blithely accepted that a nation can issue debt and be safe from default. Over this last year, that perception has changed considerably, as nations have been seen to have excessive debt. Nations are not unlike individuals, in that if you have too much debt and not enough cash flow, you will go into liquidation. Likewise, a nation can go bust! Two years ago, the euro was seen as counter to the dollar.
Monday, June 27, 2011
Gold Mixed as Soros Warns "We are on the Verge of an Economic Collapse" / Commodities / Gold and Silver 2011
By: GoldCore
Gold is trading at $1,502.40/oz, €1,055.87/oz and £939.18/oz.
Gold is mixed today after last week’s 2.4% fall. The short term trend remains negative but medium and long fundamentals remain supportive as do the very challenging and risky macro, sovereign debt and currency environment. Physical buying remains strong at the $1500 level with premiums for gold bullion bars higher in Singapore and Hong Kong.
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Monday, June 27, 2011
Gold Rebounds after Asia Selloff, Soros Warns "Economic Collapse Will Spread" / Commodities / Gold and Silver 2011
By: Ben_Traynor
A HEAVY selloff during Asian trading on Monday saw the gold price hit a five-week low of $1492 an ounce – before staging a rally after London opened – while stocks were flat and commodities fell further.The gold price at the London Fix on Monday morning was $1501 an ounce – a 0.9% drop from Friday afternoon.
Monday, June 27, 2011
Debunking Some Gold Bug Forecasts / Commodities / Gold and Silver 2011
By: Jordan_Roy_Byrne
I must confess I am a gold bug both philosophically and in terms of investing. We are entering a golden age for Gold as the bull market is destined to reach amazing heights and real and honest money reemerges as legal tender against fiat currencies that will soon be at the mercy of a sovereign debt crisis. All this being said, I take issue with some headlines listed here in friend Gary’s blog and some gold bug talking points. I’m listing some of these headlines and talking points and then my response.Read full article... Read full article...
Monday, June 27, 2011
Poorly-Timed SPR Oil Release Could Cost U.S. Taxpayers $1.5 Billion / Commodities / Gold and Silver 2011
By: EconMatters
World crude oil market has been rocked by the surprise announcement of the International Energy Agency (IEA) to release 60 million barrels of oil from member countries’ strategic petroleum reserves (SPR). The US led the effort by chipping in 50% of the planned release, while Japan, Germany, France, Spain and Italy are providing most of the rest.
Sunday, June 26, 2011
Gold Damaged by Heavy Volume Selling / Commodities / Gold and Silver 2011
By: Merv_Burak
The week started encouragingly but along came Thursday and Friday and that was it. The two day decline was with increasing volume action, which is significant. Expect a recovery soon but not a full recovery. Too much damage done by the past couple of days.
Sunday, June 26, 2011
Silver Looks Like Dipping Below $30 / Commodities / Gold and Silver 2011
By: Clive_Maund
As Stockcharts no longer see fit to run usable charts for silver and various other commodities - line charts are only suitable for schoolkids or journalists doing projects on the markets, not for serious analysis - we are going to use the chart for iShares Silver Trust (SLV) as a stand in for silver. It is a very accurate proxy, and should continue to be, unless of course, the markets were suddenly to discover that they don't have the silver in their vaults that they say they have.
Saturday, June 25, 2011
Gold headed to $5000? / Commodities / Gold and Silver 2011
By: Willem_Weytjens
After writing an article about the Platinum-to-Gold ratio, I decided to do more with the excel sheet, like calculating correlations and plotting the price charts for example.
In this article, I will just focus on the Gold price.
Saturday, June 25, 2011
Gold and Silver Fibonacci and Delta Time Charts Analysis / Commodities / Gold and Silver 2011
By: Alistair_Gilbert
Earlier this year there was much fanfare that Gold had closed out 2010 had higher levels than the previous year for 10 consecutive years and that this was the first time in history that any commodity had done this.
Without a doubt, it has been an exceptional performance, and whilst there have been plenty of reasons for its sustained performance to date, I believe that both the fundamentals and the chart are telling us that it is all about to change. On the fundamentals, interest rates have been on 100 year lows in order to prop up the failing banks from the 2008 crash.
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Friday, June 24, 2011
The Indian Gold Market / Commodities / Gold and Silver 2011
By: Julian_DW_Phillips
The Indian Gold market has reaffirmed its dominance in 2010 and will continue in 2011. Expect China to overtake the sub-continent in demand for gold. The love of gold in India goes far beyond a simple source of future profits. It is an expression of wealth, financial security and family stability. It also carries religious overtones.
Friday, June 24, 2011
Chinese Gold Sales to Surge Two Fold and Gold May ‘Rocket’ if Debt Crisis Spreads / Commodities / Gold and Silver 2011
By: GoldCore
Gold is lower again today after yesterday’s 2% fall in U.S. dollar terms. Gold’s fall in euros yesterday was mild due to euro weakness. Gold is marginally higher in euros today as the euro remains weak on continuing concerns about the Greek and Eurozone debt crisis.
Friday, June 24, 2011
Gold Loses 1.3% for the Week, Chinese Demand for Gold to Get Stronger / Commodities / Gold and Silver 2011
By: Ben_Traynor
THE SPOT PRICE to buy gold traded in a tight range around $1520 an ounce Friday morning London time – 0.5% above its one-month low – having fallen in Asian trading, while stocks gained after comments from China's premier that inflation in that country is under control.
Spot oil prices dipped Thursday after the International Energy Agency said it will release 60 million barrels of oil from strategic reserves.
Friday, June 24, 2011
Gold Prices: Will Gold Equity Investors Reap Big Gains? / Commodities / Gold and Silver 2011
By: Money_Morning
Frank E. Holmes writes:
Gold prices passed the $1,500 per ounce mark for the first time ever in mid-April and, aside from a couple of short pullbacks in early May, have set up shop in the neighborhood of $1,525 to $1,550 an ounce (gold closed at $1,553.40 on Wednesday).
So far in 2011, it's been relatively status quo for those investors who've embraced gold as a way to protect themselves from currency debasement, excessive money printing and inflation as prices have increased 7.67%. Bank of America-Merrill Lynch (NYSE: BAC) analysts are forecasting gold prices could fall to $1,400 an ounce during seasonal weakness in July before rebounding as high as $1,650 an ounce by early fall.
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Friday, June 24, 2011
India Slowdown Hardly a Concern for Gold and Silver / Commodities / Gold and Silver 2011
By: Jeff_Lewis
As we enter the summer doldrums, a period when many investors leave the financial markets for warm beaches and relaxing vacations, India has come onto the scene as a topic of choice.
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Thursday, June 23, 2011
Faber Continues to Like Gold and Silver as Euro-zone Debt Crisis is Flashing Red / Commodities / Gold and Silver 2011
By: GoldCore
Gold is trading at $1,540.00/oz, €1,081.46/oz and £962.86/oz.
Gold is marginally lower in U.S. dollars but continues to eke out gains in euros. The euro has fallen again today possibly as markets digest Trichet’s grim warning regarding financial contagion. Gold at €1,081.40/oz is less than 1% away from record nominal highs in euros at €1,088/oz.
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Thursday, June 23, 2011
Gold Drops after QE3 Disappointment, Faber Says "Don't Trust the Fed" / Commodities / Gold and Silver 2011
By: Ben_Traynor
U.S. DOLLAR gold prices continued falling Thursday morning in London, hitting $1538 per ounce – a 1.3% drop from Wednesday's high, and nearly back to where they started the week.
Stock and commodity markets fell and longer dated US Treasury bonds rose after US Federal Reserve chairman Ben Bernanke made no specific reference to QE3 – a third round of quantitative easing – at a press conference on Wednesday.
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Thursday, June 23, 2011
Armada of Black Swans Hitting U.S. Economy and Financial Markets, Gold Breakouts on QE TO INFINITY / Commodities / Gold and Silver 2011
By: Jim_Willie_CB
Mohammed El-Erian is given credit for the phrase 'The New Normal' to mean an altered state of perceived instability within the normalcy realm, as in crisis being called normal, like endless crisis. As buddy Jim Mess in Europe says, just like trying to redefine what debt default is, it sounds like high octane prevarication. El-Erian is considered one of the good guys. He managed to slip away from Harvard University without much smear, where he served on the management team of the giant multi-$billion endowment fund. If truth be told, Harvard hatched the Enron monster from its Business School as a project, funded by Citigroup, where JPMorgan created all the off-shore companies to hide their dealings. Building #7 in Lower Manhattan contained the records until it fell from structural sympathy. Harvard successfully made money all the way on the Enron runup, but also successfully shorted Enron all the way down. So El-Erian is hardly squeaky clean. He does give a good interview though, does not deal much in varnished truths, and is an avid NYMets baseball fan. At PIMCO, he worked on the team to direct the biggest bond fund in the world to turn its back on the entire USTreasury Bond complex. In fact, their Total Return Fund, its flagship bond fund, is net short on USTreasurys as a group. That means they own a raft of Credit Default Swaps for USGovt debt default and an assortment of other vehicles like the TNX and TYX that track the 10-year and 30-year bond yield. They recognize an asset bubble when they see one, and even invest in Gold.