Category: Gold and Silver 2012
The analysis published under this category are as follows.
Tuesday, October 30, 2012
Gold Supply Issues Offer Additional Price Underpinnings / Commodities / Gold and Silver 2012
By: Pete_Grant
Gold turned defensive in recent weeks, weighed by global growth concerns, persistent economic uncertainty in the eurozone and the United Sates, along with a rising lack of clarity about the likely outcome of next week's U.S. Presidential election. However, downside potential is thought to be limited by continued robust demand for the precious metal as a hedge against the global debasement of fiat currencies, as well as ongoing central bank demand for the purposes of reserve diversification.
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Tuesday, October 30, 2012
President Romney "Would Be Bad News for Gold" / Commodities / Gold and Silver 2012
By: Ben_Traynor
THE SPOT MARKET gold price traded just below $1715 an ounce during Tuesday morning's London session, little changed from last week's close, while European stock markets recovered their losses from a day earlier and UK and German government bond prices fell.
"Downside targets will be in focus while the gold price stays below the 17 October high at $1753.86," says Commerzbank senior technical analyst Axel Rudolph.
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Tuesday, October 30, 2012
Gold Being Remonetised As Banks In Turkey Target Gold Worth $302 Billion / Commodities / Gold and Silver 2012
By: GoldCore
Today’s AM fix was USD 1,713.50, EUR 1,322.66, and GBP 1,067.07 per ounce.
Yesterday’s AM fix was USD 1,712.00, EUR 1,326.72, and GBP 1,066.00 per ounce.
Silver is trading at $32.01/oz, €24.80/oz and £19.99/oz. Platinum is trading at $1,551.50/oz, palladium at $593.25/oz and rhodium at $1,075/oz.
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Tuesday, October 30, 2012
Where Should Gold Be Based On Inflation? / Commodities / Gold and Silver 2012
By: Graham_Summers
Since the Financial Crisis erupted in 2007, the US Federal Reserve has engaged in dozens of interventions/ bailouts to try and prop up the financial system. Now, I realize that everyone knows the Fed is “printing money.” However, when you look at the list of bailouts/ money pumps it’s absolutely staggering how much money the Fed has thrown around.
Monday, October 29, 2012
A Silver Lining For When Currency Dies / Commodities / Gold and Silver 2012
By: Dr_Jeff_Lewis
The global economy seems to be on a one way path to eventual destruction as interest continues to accumulate on the massive word-wide debt.Budget and trade deficits keep growing, but unfortunately without an engine for real and sustainable growth.
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Monday, October 29, 2012
Silver Futures - Concentration, Confidence and the COT Reports / Commodities / Gold and Silver 2012
By: Dr_Jeff_Lewis
The real value of the Commitment of Traders or COT Report for silver traders, (as Ted Butler, GATA, and others have been pointing out for years) lies in revealing the marked concentration of short silver futures positions held by the major bullion banks, who are classed as commercial traders. Read full article... Read full article...
Monday, October 29, 2012
Gold "Lacks Upside Drivers"as Hurricane Sandy Closes US Markets / Commodities / Gold and Silver 2012
By: Ben_Traynor
U.S. DOLLAR gold prices dropped below $1710 an ounce Monday morning in London, below where they ended last week, after failing to hold onto gains made in Asian trading.
Silver prices dropped below $31.80 an ounce, also down from Friday's close, as European equities also fell. US stock markets will be closed today as a result of Hurricane Sandy – the first unscheduled US market closure since September 11 2001, and the first to be caused by weather since 1985.
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Monday, October 29, 2012
Is Santa Coming Early for Gold and Gold Mining Stocks? / Commodities / Gold and Silver 2012
By: Chris_Vermeulen
If you own physical gold, gold mining stocks or plan on buying anything related to precious metals before year end, you are likely going to get excited because of what my analysis and outlook shows.
Since gold topped abruptly a year ago (Sept 2011) with a massive wave of selling which sent the price of gold from $1920 down to $1535, technical analysts knew that type of damage which had be done to the chart pattern could take a year or more to stabilize before gold would be able to continue higher.
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Sunday, October 28, 2012
Silver Downtrend Targets Support at $28.50 / Commodities / Gold and Silver 2012
By: Clive_Maund
The intermediate top in silver was called several weeks back in the last update. We had expected it to plunge, but instead into went into a more orderly steady decline, its measured rate of decline thus far being due to the fact that the dollar has not entered into a new uptrend – yet.
Saturday, October 27, 2012
Gold Mining Stock Margins Will Expand Further / Commodities / Gold and Silver 2012
By: Jordan_Roy_Byrne
Longtime readers know that we are a fan of intermarket analysis. The movement of certain markets influences other markets so it is always wise to analyze a handful of markets rather than just a single market by itself. Several years ago we learned from others before us how intermarket analysis can help us get a handle on the margins of gold (and silver) miners. Generally, Oil (energy) represents about 25% of the cost of mining while industrial metals prices can be a proxy for the costs of trucks, chemicals and blasting agents (like cyanide). It has been a while since we’ve looked at these charts but with the gold stocks having put in a major bottom it is time to analyze whether it is sustainable or not.
Friday, October 26, 2012
Big Jump in London Gold Trading / Commodities / Gold and Silver 2012
By: Adrian_Ash
Wholesale gold trading through London's global center just leapt towards summer 2011's records...
GOLD TRADING in London – heart of the world's wholesale bullion market – leapt in September.
How come? "The continued economic uncertainty in the Eurozone and US, the end of the holiday period and the start of the Indian festival season boosted clearing turnover," says trade body the London Bullion Market Association, releasing the new data to members on Thursday.
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Friday, October 26, 2012
Indian Gold Demand "Surprisingly" Absent as "Bearish Trend" Remains / Commodities / Gold and Silver 2012
By: Ben_Traynor
U.S. DOLLAR gold prices traded just above $1700 an ounce throughout Friday morning in London, following an overnight reversal of yesterday's rally, while European stock markets traded lower this morning following losses in Asia, ahead of the release of US GDP data later today.
"The trend remains bearish so long as gold trades below $1723," says the latest note from Scotiabank technical analyst Russell Browne.
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Friday, October 26, 2012
Gold To Rally Strongly In November After October Correction / Commodities / Gold and Silver 2012
By: GoldCore
Today’s AM fix was USD 1,704.00, EUR 1,316.44, and GBP 1,057.01 per ounce. Yesterday’s AM fix was USD 1,715.00, EUR 1,317.71, and GBP 1,063.24 per ounce.
Silver is trading at $31.76/oz, €24.72/oz and £19.80/oz. Platinum is trading at $1,552.80/oz, palladium at $594.20/oz and rhodium at $1,045/oz.
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Thursday, October 25, 2012
UK Economic GDP Growth News Dents Gold in Pounds / Commodities / Gold and Silver 2012
By: Ben_Traynor
WHOLESALE gold bullion prices rallied to $1718 an ounce Thursday morning in London, less than 24 hours after dipping below the $1700 mark for the first time since the US Federal Reserve announced a third round of quantitative easing last month.
Gold in Sterling however ended the morning lower at £1068 per ounce, close to yesterday's seven-week low, as the Pound rallied after the release of better-than-expected UK economic growth data.
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Thursday, October 25, 2012
Silver Demand In China For Wealth Protection to Climb to Record 7,700 Tons / Commodities / Gold and Silver 2012
By: GoldCore
Today’s AM fix was USD 1,715.00, EUR 1,317.71, and GBP 1,063.24 per ounce. Yesterday’s AM fix was USD 1,708.50, EUR 1,321.04, and GBP 1,069.28 per ounce.
Silver is trading at $32.11/oz, €24.81/oz and £19.88/oz. Platinum is trading at $1,580.75/oz, palladium at $602.30/oz and rhodium at $1,070/oz.
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Thursday, October 25, 2012
Sell Your Gold, Q4 Defence, Hedge Your Bets and Up Your Stops / Commodities / Gold and Silver 2012
By: Money_Morning
Keith Fitz-Gerald writes:
So far fourth quarter earnings have made a mockery of things.
Of the 20 S&P 500 companies that have provided Q4 guidance so far, 18 of them have guided lower, "slashing" their forecasts, according to Goldman Sachs and CNBC (as of Monday afternoon).
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Thursday, October 25, 2012
Forecasts for Gold, HUI Index And The US Dollar / Commodities / Gold and Silver 2012
By: Vin_Maru
Looking at the gold chart below, we can see that gold has been correcting over the last two weeks. When applying some technical analysis to the gold chart, we can clearly see that there would have been overhead resistance at $1800 since most of the year gold has traded between $1550 and $1800. A few weeks ago, we also noticed a big build in the short position on the Comex's Commitment of Traders report COT by the commercial and bullion banks. The effort to stop gold's advance at a key resistance level was successful in part because of the huge increase in the short position at that level, which is why we knew to take some profits and that would be an ideal place for a correction to start.
Thursday, October 25, 2012
Gold James Bond, and Europe's New Gold Standard / Commodities / Gold and Silver 2012
By: Adrian_Ash
Europe's huge gold reserves are currently more useless than Bond-villain Auric Goldfinger could wish...
LET'S SAY you owe the world €2 trillion, but you also hold the world's 4th largest hoard of physical gold.
Sounds like a no-brainer, right? Use Italy's gold to pay Italy's debt.
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Wednesday, October 24, 2012
Gold Falls as Draghi to Enter the Lion’s Den / Commodities / Gold and Silver 2012
By: GoldCore
Today’s AM fix was USD 1,708.50, EUR 1,321.04, and GBP 1,069.28 per ounce. Yesterday’s AM fix was USD 1,717.00, EUR 1,317.22, and GBP 1,072.12 per ounce.
Silver is trading at $31.93/oz, €24.77/oz and £20.02/oz. Platinum is trading at $1,577.25/oz, palladium at $596.70/oz and rhodium at $1,100/oz.
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Wednesday, October 24, 2012
Silver Price Volatility / Commodities / Gold and Silver 2012
By: Bob_Kirtley
Every picture tells a story and this picture depicts the volatility inherent in the silver market. With options expiry coming to fruition this week this sudden spike must have scared the whatsit out of the shorters. We sincerely hope that they managed to get back off the window ledge in time to see the price of silver come back to a level acceptable to them.