Category: Gold and Silver 2012
The analysis published under this category are as follows.Tuesday, November 27, 2012
Immutable Golden Laws, Central Bank Extremes, Gold Standard Recall / Commodities / Gold and Silver 2012
Several immutable Gold Rules appear to be self-evident and powerfully manifested in the modern world of banker corruption, financial market intervention, currency debasement, phony accounting, and economic deterioration, all amidst powerful incessant media propaganda, against a backdrop of endless war. The global fascism movement has taken deepest root in what during the 1960 through 1980 decade was the capitalism regions steeped in democracy. Since the Lehman Brother scuttle and the Fannie Mae adoption and the AIG black hole admission, the financial crisis that began with the housing bubble and subprime mortgage bust has turned virulent. The global financial crisis is better described as a global monetary war to defend the toxic USDollar, whose sunset can be seen. In the last 12 to 18 months, the monetary war has again morphed, this time into a far more serious and financially violent global Gold War. Nations are fast realizing that their only true liquid assets of value are their gold reserves, and even they have been tampered with or stolen in a vast re-hypothecation scheme.
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Tuesday, November 27, 2012
Gold as Insurance. Why? How? / Commodities / Gold and Silver 2012
We have always put emphasis on the need to diversify while putting together your portfolio. Of various kinds of diversification, one is particularly important at the very beginning, when you decide to commit yourself to the precious metals market. This is the ability to divide your capital into three separate parts, each managed in a different way, and to stick with this structure even when the market is getting hot.
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Tuesday, November 27, 2012
Comex Gold Options Expiry Could See Gold Price Push to $1800 / Commodities / Gold and Silver 2012
THE DOLLAR gold price fell below $1750 an ounce Tuesday morning, though it remained near to where it started the week, as stock markets recovered yesterday's losses following news of a deal on Greece's debt burden.
"We continue to be bullish so long as gold holds above the $1705 low from mid-November," says the latest technical analysis from Scotia Mocatta.
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Tuesday, November 27, 2012
CME Declares Force Majeure Due To “Operational Limitations” On NYC Gold Depository / Commodities / Gold and Silver 2012
Today’s AM fix was USD 1,747.25, EUR 1,349.54, and GBP 1,090.46 per ounce.
Yesterday’s AM fix was USD 1,747.25, EUR 1,347.56, and GBP 1,090.87 per ounce.
Silver is trading at $34.08/oz, €26.41/oz and £21.34/oz. Platinum is trading at $1,620.50/oz, palladium at $666.40/oz and rhodium at $1,065/oz.
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Tuesday, November 27, 2012
Gold Prices Experience a ‘V’ Shaped Bounce / Commodities / Gold and Silver 2012
For those taking close interest today there was an interesting move in gold prices as the below chart shows. A ‘V’ shaped bounce of some $35.00 or so just before the close must have given a few gold bulls a real scare. Gold dropped briefly below $1720.00 so we can only imagine that someone has made a rather fortuitous purchase at this level.
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Monday, November 26, 2012
Gold Bugs and Anti-Gold Bugs / Commodities / Gold and Silver 2012
An article by David Weiner on the MarketWatch site reminded me of just how weak the economic arguments against the gold standard are. Its title: "A Fool's Gold Standard." I examine this article here.
The arguments by American critics of a gold standard all rest on this unstated presumption: The economic outcomes of policy decisions made by a committee of 12 salaried bureaucrats, 7 of whom were appointed by the president of the United States, and 5 of whom were appointed by the largest regional banks that own a majority of shares of the 12 regional Federal Reserve banks, are better for the nation than the decisions of millions of owners of gold coins, who seek their own interests.
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Monday, November 26, 2012
“Gold From The ATM” In Turkey As Gold Deposits Surge In Turkish Banks / Commodities / Gold and Silver 2012
Today’s AM fix was USD 1,747.25, EUR 1,347.56, and GBP 1,090.87 per ounce.
Friday’s AM fix was USD 1,734.75, EUR 1,345.39, and GBP 1,088.37 per ounce.
Silver is trading at $34.12/oz, €26.43/oz and £21.40/oz. Platinum is trading at $1,616.00/oz, palladium at $660.50/oz and rhodium at $1,060/oz.
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Monday, November 26, 2012
Gold Dips Ahead of Greek Debt Talks / Commodities / Gold and Silver 2012
U.S. DOLLAR prices to buy gold fell back below $1750 an ounce, a few Dollars below where they closed last week following Friday's rally, while stocks and commodities also edged lower and US Treasuries gained ahead of further discussion on Greece at today's meeting of Euro finance ministers.
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Monday, November 26, 2012
Why Gold Price Will NOT Break Above 1803 – MAP WAVE Analysis / Commodities / Gold and Silver 2012
Previously in my Gold update of the 18 October I assumed a rule break the spike low, and incorrectly scaled a pivot!! Also I have found yearly pivots 0, 1 and 2 which confirms that last Septembers high is Q3.
The recent action has highlighted that the user is wrong - me, and this was not a rule break and the revised count is shown below based on the MAP Wave Analysis rules!
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Sunday, November 25, 2012
Silver Major Uptrend Underway, Not to Late to Go Long / Commodities / Gold and Silver 2012
Recent action in silver has been very bullish. It barely paid lip service to the technical requirement to drop back and form a Right Shoulder to its Head-and-Shoulders bottom before breaking out of this base pattern back last Tuesday, without waiting for either gold to break out, or for the dollar to break down. When gold did actually break out on Friday, and the dollar broke down, it built on these achievements by breaking clear above the resistance near to its 50-day moving average.
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Sunday, November 25, 2012
Gold Breakout, Starts MAJOR Uptrend, Not Too Late to Jump Aboard / Commodities / Gold and Silver 2012
It was a big day for the Precious Metals sector on Friday, for the dollar broke down hard from its recent uptrend, and at the same time gold broke out upside from its Head-and-Shoulders base pattern. Silver anticipated this – it broke out from its base pattern back on Tuesday. These developments have grave implications for the dollar, but at the same time are believed to mark the start of major uptrends in gold and silver.
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Friday, November 23, 2012
Gold and Real Interest Rates / Commodities / Gold and Silver 2012
Early in gold’s secular bull, contrarian investors looked to real interest rates as one of this metal’s primary drivers. Eleven years ago when gold still languished under $300, mainstreamers scoffed at the notion that there would ever be sizable gold investment demand. But then, as now, negative real rates create strong incentives for bond investors to deploy significant fractions of their portfolios in this unique asset.
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Friday, November 23, 2012
Gold and Silver Blitzsilberkrieg Next Week / Commodities / Gold and Silver 2012
As a reminder there are option expiration in gold and silver on the Comex next week on Tuesday the 27th.
My friend Dave says he sees a bulge around 1800 in the gold option positions that could mark the heart of the resistance. This coincides with my own thinking.
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Friday, November 23, 2012
"Exciting Week" Ahead for Gold as Silver as US Prepares $99Bn Bond Sale / Commodities / Gold and Silver 2012
The DOLLAR PRICE of physical gold rose back to $1734 per ounce in London on Friday morning, nearing the top of the last 5 weeks' trading range as so-called "risk assets" also crept higher.
Asian and European stock markets were slightly stronger, while the single Euro currency pushed back above $1.29.
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Friday, November 23, 2012
Germany's Gold and Your Silver / Commodities / Gold and Silver 2012
The recent furor over Germany’s request to audit its gold reserves being held by central banks in New York, London and Paris has highlighted the fact that there is even more reason to have one bar in hand versus two bars in the bush in today’s uncertain world.
The controversy arose after the Bundesbank’s official requests for a full audit of German gold reserves were apparently been turned down by the foreign central banks responsible for storing the bulk of German gold.
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Friday, November 23, 2012
Silver Demand: Sentiment and Trends / Commodities / Gold and Silver 2012
A quiet battle is being fought in the silver market between investment interests and industrial demand.
The world is finally waking up to the fact that governments can take the real silver money out of circulation, but they cannot take the money out of silver as a commodity.
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Friday, November 23, 2012
Brazil Gold Reserves In Fixed Term Gold Deposits With Bullion Banks / Commodities / Gold and Silver 2012
Today’s AM fix was USD 1,734.75, EUR 1,345.39, and GBP 1,088.37 per ounce.
Yesterday’s AM fix was USD 1,729.75, EUR 1,344.23, and GBP 1,084.35 per ounce.
Silver is trading at $33.43/oz, €26.02/oz and £21.07/oz. Platinum is trading at $1,583.00/oz, palladium at $654.70/oz and rhodium at $1,040/oz.
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Thursday, November 22, 2012
Austrian Central Bank Has Parked 80% of Countries Gold Reserves In London / Commodities / Gold and Silver 2012
Today’s AM fix was USD 1,729.75, EUR 1,344.23, and GBP 1,084.35 per ounce.
Yesterday’s AM fix was USD 1,726.75, EUR 1,350.71, and GBP 1,085.05 per ounce.
Silver is trading at $33.38/oz, €26.00/oz and £21.00/oz. Platinum is trading at $1,588.25/oz, palladium at $650.60/oz and rhodium at $1,060/oz.
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Thursday, November 22, 2012
Bundesbank Sold Gold Just for Commemorative Coins / Commodities / Gold and Silver 2012
THE U.S. DOLLAR gold price traded close to $1730 an ounce during Thursday morning's London session, holding onto gains made a day earlier, as European stock markets edged higher, with US markets closed today for Thanksgiving.
"We believe that the German Bundesbank's sale of 4.2 tonnes of gold was intended solely for producing commemorative coins," says today's commodities note from Commerzbank, referring to International Monetary Fund figures published Wednesday showing October's buying and selling of gold by central banks.
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Thursday, November 22, 2012
Prepare For A Possible Gold And Silver Price Spike / Commodities / Gold and Silver 2012
The U.S. election results are in. The people have chosen. Subscribers are well aware of the changing rules of the game will conform to the latest economic developments. There may well be a period of negativity relating to the general markets due to the U.S. election, Fiscal Cliff and Year End Tax Loss Selling. We may see both parties come to some sort of conciliatory agreement to save the holiday season. This is known after the election as the Honeymoon Phase, when previously antagonistic parties feel the need to think “Can’t We All Just Get Along!”Read full article... Read full article...