Category: Gold and Silver 2012
The analysis published under this category are as follows.Friday, March 16, 2012
India Doubles Customs Duty on Gold Bullion, Central Banks buy on Dip / Commodities / Gold and Silver 2012
Gold’s London AM fix this morning was USD 1,649.00, EUR 1,263.02, and GBP 1,049.05 per ounce.
Yesterday's AM fix was USD 1,646.75, EUR 1,262.26and GBP 1,052.57 per ounce.
Gold closed in New York yesterday at $1,657.30/oz. Gold tumbled in Asia and its low hit $1,645.86/oz and high $1,664.71/oz and is now trading in Europe at $1,646.73/oz.
Read full article... Read full article...
Friday, March 16, 2012
Simple Index Called Gold 1980 Top, Now Points to At Least $3,000 / Commodities / Gold and Silver 2012
Dincer YILMAZ writes: The ultimate function of gold is being money. Therefore it is natural that value of gold against other currencies responses to supply-demand laws. If a competitor currency (for example US dollar) becomes relatively abundant than gold, one can expect gold to appreciate against the other currency. On the other hand, the same competitor currency can offer advantageous real rates to investors and depositors, so gold depreciates this time due to higher demand for the other currency even if the other currency’s supply growth rate exceeds gold’s supply growth rate.
Read full article... Read full article...
Friday, March 16, 2012
When to Buy Silver, the Metal of Emperors? / Commodities / Gold and Silver 2012
This is a question that pops up in our mail box on a regular basis. The standard answer for the average retail buyer who has neither the time nor the inclination to do the hard yards, in terms of due diligence, is to layer-in your acquisitions via a rolling programme of purchases. This can be implemented regardless of the day to day 'white noise' that has many behaving as though they had spent the morning in a double shot Expresso Drinking Contest. Sell, Buy, Buy, Sell.... we all know that emotional white knuckle ride and it needs to be side lined. Try Chill, Relax, Relax and Chill for a day or two and switch to a herbal tea.
Read full article... Read full article...
Thursday, March 15, 2012
Gold "Vulnerable" as U.S. Treasury Bond Market Sell-Off Worsens / Commodities / Gold and Silver 2012
The WHOLESALE-MARKET gold price twice rose within a few cents of $1650 per ounce in London Thursday morning, adding 0.9% from yesterday's fresh 8-week low as industrial commodities ticked lower again.
The price of silver bullion rallied 2.3% to $32.40 per ounce, but remained over 5% down for the week so far, being "very much influenced" by the gold price according to one Swiss precious-metals dealer.
Read full article... Read full article...
Thursday, March 15, 2012
South African Gold Production Dives To 90 Year Lows / Commodities / Gold and Silver 2012
Gold’s London AM fix this morning was USD 1,646.75, EUR 1,262.26, and GBP 1,052.57 per ounce.
Yesterday's AM fix was USD 1,662.00, EUR 1,271.61 and GBP 1,057.93 per ounce.
Read full article... Read full article...
Wednesday, March 14, 2012
Stock Dividends Are Getting Physical Paid in Gold and Silver / Commodities / Gold and Silver 2012
Gold often receives criticism from investors such as Warren Buffett for not producing a yield. This claim often falls on deaf ears because proven gold miners such as Newmont Mining Corp. and AngloGold Ashanti both pay a dividend north of 2 percent. However, the downside to these dividends is that they are paid in a fiat currency, somewhat defeating the intentions of gold investors. A new dividend program seeks to change this process by giving investors the choice to receive dividends in the form of physical bullion, instead of paper or electronic dollars.
Read full article... Read full article...
Wednesday, March 14, 2012
Gold Stairway to Heaven / Commodities / Gold and Silver 2012
It's now 6 months since gold hit its current all-time high. How long 'til the next...?
Thanks to hindsight, the bull market in gold which followed Richard Nixon unpegging the US Dollar, and therefore the rest of the world, from its last pretence of a Gold Standard sounds as inevitable today as Jimmy Page's solo in Stairway to Heaven, also a 1971 classic.
Read full article... Read full article...
Wednesday, March 14, 2012
Big-Picture Uptrend Still Intact for SLW, Silver / Commodities / Gold and Silver 2012
Although Silver Wheaton (SLW) remains under bleeding pressure as we speak, my big picture work argues that a new bull phase for the stock has been in progress since the October 4 low, and that recent weakness from the Feb 29 high at 40.39 to today's low at 33.55 (so far) is the tail end of a pullback within the still-dominant uptrend pattern.
As long as SLW weakness is contained above 32.00, my work argues in favor of being long.
Read full article... Read full article...
Wednesday, March 14, 2012
What's Driving the Gold, Silver Prices? / Commodities / Gold and Silver 2012
Gold rose to $1,700 last week and is holding that level in a very tight trading range.
The last few weeks have seen a larger consolidation pattern forming, pointing to a much bigger consolidating pattern that implies far more than just a short-term trading move just ahead of us. The forces that drive both supply and demand in the very short-term are just about in balance, so it is appropriate that we look at these forces to see how they influence gold prices in the short, medium, and long term.
Read full article... Read full article...
Tuesday, March 13, 2012
Gold Buyers "On the Sidelines" Playing "Wait and See" Ahead of FOMC Announcement / Commodities / Gold and Silver 2012
SPOT MARKET gold prices drifted as low as $1694 per ounce Tuesday morning in London – 1.3% down on the week so far – while stocks and commodities rose slightly and US Treasuries dipped ahead of today's US Federal Reserve interest rate decision.
Silver prices fell to $33.43 per ounce – 2.5% down on last week's close – before, like gold, recovering some ground before lunchtime.
Read full article... Read full article...
Tuesday, March 13, 2012
Buy Gold Because a Currency Crisis is Coming / Commodities / Gold and Silver 2012
Gold’s London AM fix this morning was USD 1,694.75, EUR 1,291.44, and GBP 1,082.63 per ounce.
Yesterday's AM fix was USD 1,705.25, EUR 1,299.93 and GBP 1,088.57 per ounce.
Read full article... Read full article...
Tuesday, March 13, 2012
Are Investors Still Bullish on Gold? / Commodities / Gold and Silver 2012
According to Bloomberg, hedge funds decreased bets on higher commodity prices for the first time in seven weeks. This comes shortly after China cut its official economic growth forecast to 7.5 percent this year, the lowest since 2004. While money managers slashed bets on copper by the most in two months, demand for precious metals remains strong.
Read full article... Read full article...
Monday, March 12, 2012
Silver the Restless Metal / Commodities / Gold and Silver 2012
Silver is a much smaller market than the gold market and quality research about the poor man’s gold can be less easy to find. One academic who does stand out though is the late Professor Roy Jastram, whose works on gold lead him to an investigation into silver’s monetary history and record. His book ‘Silver: the restless metal’ is much cited by silver experts like David Morgan, but being out of print is now not that easy to get hold of. The Amazon book markets in the US and UK were trading at >$140 when we looked, so we headed down to the British Library in London to get hold of a copy. Published in 1981, this book is a look at silver’s recorded monetary history with a forward look at what the future might hold for the silver price.
Read full article... Read full article...
Monday, March 12, 2012
Battered Gold Drops Below $1700 / Commodities / Gold and Silver 2012
THE DOLLAR gold price fell back through $1700 an ounce as US markets opened on Monday, continuing its slide begun when Asian markets opened several hours earlier.
The silver price dropped to $33.63 per ounce – a 2.0% fall on last week's close – while stocks and commodities edged lower and US Treasury bond prices gained.
Read full article... Read full article...
Monday, March 12, 2012
China's SAFE: "We Wont Put All The Eggs In One Basket" / Commodities / Gold and Silver 2012
Gold’s London AM fix this morning was USD 1,705.25, EUR 1,299.93, and GBP 1,088.57 per ounce.
Friday's AM fix was USD 1,699.50, EUR 1,285.36 and GBP 1,078.30 per ounce.
Read full article... Read full article...
Monday, March 12, 2012
Silver Chart Analysis Indicates Why Silver Price Is Likely To Pass $150 / Commodities / Gold and Silver 2012
In a previous article, I wrote about the shift to measuring wealth in ounces instead of Dollars. In that same article, I expressed my opinion that I consider silver bullion to be one of the best current opportunities to increase one's gold ounces.
Here, I would like to point out some interesting signals on the long-term chart for silver.
Read full article... Read full article...
Saturday, March 10, 2012
Gold's Inflation Problem / Commodities / Gold and Silver 2012
Gold goes up with inflation. Except when it goes up regardless...
EVERYBODY'S fretting about inflation. Central bankers say there's too little, or will be (just you wait). Lesser mortals feel there's way more than the official numbers let on. And finance professionals think there's a lot more ahead.
Saturday, March 10, 2012
Do Gold and Silver Investors Believe QE Will Be Dialed Back? / Commodities / Gold and Silver 2012
After two days of consecutive gains, gold and silver briefly dipped into the red after Friday’s job report. The Labor Department’s monthly report said the United States economy added 227,000 jobs in February, compared to expectations of 213,000. Furthermore, hiring in January and December were better than previously thought. Those figures were revised to show 61,000 additional jobs. The economy has generated an average of 245,000 new jobs in each of the last three months.
Read full article... Read full article...
Friday, March 09, 2012
Possibility of a Bounce Up in Gold and Silver / Commodities / Gold and Silver 2012
On Tuesday gold prices continued to break down, falling for a fifth consecutive day breaking below the 200-day moving average. On February 6th we suggested getting out of the speculative long positions, and reiterated it yet once again just a day before the crash. But this week on Tuesday, our SP Gold Bottom Indicator flashed a long-term buy signal. The indicator is just one of the unique proprietary investment tools developed by Sunshine Profits, available only to our subscribers. We tend to take this particular signal seriously since it has proved to be uncannily accurate in the past (you can click the chart to enlarge it if you’re reading this essay on sunshineprofits.com).
Read full article... Read full article...
Friday, March 09, 2012
Time to Accumulate Gold and Silver / Commodities / Gold and Silver 2012
Jeff Clark, Casey Research writes: Do you own enough gold and silver for what lies ahead?
If 10% of your total investable assets (i.e., excluding equity in your primary residence) aren't held in various forms of gold and silver, we at Casey Research think your portfolio is at risk.
Read full article... Read full article...