Category: Gold and Silver 2012
The analysis published under this category are as follows.
Thursday, October 18, 2012
World Gold Council Publishes Gold’s Q3 Summary / Commodities / Gold and Silver 2012
By: GoldCore
Today’s AM fix was USD 1,748.00, EUR 1,331.71, and GBP 1,081.42 per ounce. Yesterday’s AM fix was USD 1,747.75, EUR 1,333.86 and GBP 1,082.33 per ounce.
Silver is trading at $32.96/oz, €25.26/oz and £20.52/oz. Platinum is trading at $1,657.50/oz, palladium at $648.40/oz and rhodium at $1,200/oz.
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Thursday, October 18, 2012
Gold Is Not Back In Favor Yet… / Commodities / Gold and Silver 2012
By: Chris_Vermeulen
Despite the decline this past week, gold seems to be regaining favor with global investors, as just a week earlier it had been flirting with the $1,800 an ounce mark. Quite a change from the sentiment in early summer when some investors were questioning whether the yellow metal’s decade-long bull run was coming to a close.
Thursday, October 18, 2012
What Now For the Price of Silver? / Commodities / Gold and Silver 2012
By: GoldSilverWorlds
Ted Butler: It has been quite some time since my good friend and silver mentor, Izzy Friedman, has written something about silver. Devastated by the loss of his wonderful wife of 56 years, Gabriella, Izzy withdrew from his daily silver market observation and our telephone conversations in order to restructure his life around family and travel and contemplation. We have started to talk more frequently and he agreed to write something.
Wednesday, October 17, 2012
Gold Faces 'Fierce' $1810 Resistance Level / Commodities / Gold and Silver 2012
By: Jesse
Gold and silver bounced today, but follow through is everything.
I include an updated chart showing the formation of a potential cup and hand on the gold daily chart.
London Trader describes the competition to buy physical gold at these levels as 'fierce' and is seeing heavy buying stepping in as even central banks wish to convert dollars and euros to gold.
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Wednesday, October 17, 2012
Gold and Silver Price Breakout! / Commodities / Gold and Silver 2012
By: Peter_Degraaf
Are Gold and Silver preparing for another upside breakout? The battle is between the bullion banks with large short positions; and investors and hedge funds, (along with Asian central banks), that are protecting all or part of their net worth by owning some gold. It has been eleven weeks since my last article. In that article titled: "Gold and Silver Update" I indicated that the summer doldrums appeared to be over. Gold was trading at $1620 and silver at $28.03. I wrote that article with the observation that both metals were ready to rise, and I write today's article with a similar observation. The fundamentals have seldom been more favourable for the bull market in precious metals than they are today.
Wednesday, October 17, 2012
Do You Know Where Your Gold Is? / Commodities / Gold and Silver 2012
By: Ned_W_Schmidt
Owning Gold as wealth insurance is so widely accepted now as to make it a mainstream investment. A portfolio without Gold is like owning a home without insurance in a region where hurricanes are a normal weather event. The only remaining question facing an investor is what form of Gold to own and where to store it. The latter issue may be one not given sufficient consideration by investors. The question: Do you really know where your Gold is?
Wednesday, October 17, 2012
Gold Pullback to US$1700 "Would See Significant Support" / Commodities / Gold and Silver 2012
By: Adrian_Ash
WHOLESALE BULLION prices to buy gold recovered an early dip in London on Wednesday morning, rising back to $1750 per ounce as European stock markets also rose and the single currency hit its best level in more than a month.
The rising Euro knocked the price for French, German and Italian investors to buy gold back to a 6-week low of €1333 per ounce (€42,860 per kilo).
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Wednesday, October 17, 2012
Gold Price To Reach $2500 an Ounce In 2013 - GoldCore / Commodities / Gold and Silver 2012
By: GoldCore
Today’s AM fix was 1,747.75 USD, 1,333.86 EUR, and 1,082.33 GBP per ounce. Yesterday’s AM fix was USD 1,737.50, EUR 1,337.36 and GBP 1,080.40 per ounce.
Gold rose $11.25 or 0.65% in New York yesterday and closed at $1,747.65. Silver rose to 26 cents to close at $32.95 for a gain of 0.8%.
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Wednesday, October 17, 2012
Gold Price Forecast to Hit $2,300 by January 2014 / Commodities / Gold and Silver 2012
By: Jeff_Clark
Jeff Clark, Casey Research writes: While many of us at Casey Research don't like making price predictions, and certainly ones accompanied by a specific date, it's hard to ignore the correlation between the US monetary base and the gold price.
That correlation says we'll see $2,300 gold by January 2014.
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Wednesday, October 17, 2012
Reasons Why the Gold Market is Under Pressure / Commodities / Gold and Silver 2012
By: Michael_Pento
There are two reasons why the price of gold has been under pressure in the last few days. One of them is legitimate; while the other is completely without grounds.
Tuesday, October 16, 2012
America's Gold Run, Huge Deficit as Record Gold Exported Abroad / Commodities / Gold and Silver 2012
By: Steve_St_Angelo
In a stunning development over the first seven months of the year, the United States has run up a huge gold deficit as it has exported a record 424 metric tonnes of gold. This is indeed a significant amount when the U.S. exported a total of 488 metric tonnes for the entire year in 2011.
According to the USGS July Gold Mineral Industry Survey, the U.S. only imported 188 metric tonnes of gold between Jan-Jul, but exported 424 metric tonnes leaving a huge shortfall. Some of this deficit was made up by the U.S. domestic gold mine supply.
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Tuesday, October 16, 2012
Think of Gold as Anti-Fed, for a Golden Future / Commodities / Gold and Silver 2012
By: Giuseppe_Borrelli
Now that gold has declined for a couple of sessions, I can sense worry creeping back into the market place. Personally I think that’s healthy because too many people who know too little about gold have had too much to say about it. These corrections are the market’s way of telling them to shut up! I am fascinated by investors who can watch stock prices go nowhere for years, and yet they sat on stocks all that time and never complained. Gold on the other hand takes a breather for a week and these same investors will throw out the baby with the bath water. So far the spot price for gold has fallen from the October 4th closing high of 1,791.80 to yesterday’s close of 1,738.50; just enough to get the Chicken Little’s out and cackling.
Tuesday, October 16, 2012
Gold "Could See Deeper Downside Move" But "Uptrend Remains" / Commodities / Gold and Silver 2012
By: Ben_Traynor
SPOT MARKET prices to buy gold regained some ground Tuesday morning after dropping to a one-month low below $1730 per ounce, gold's lowest level since the US Federal Reserve announced open-ended quantitative easing last month.
Gold prices rose to $1743 per ounce ahead of US trading, while stocks and the Euro also rallied following news that suggested Spain is prepared to request a bailout.
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Tuesday, October 16, 2012
ETF “Costs and Liabilities” Sees Investors Migrating to Physical Gold / Commodities / Gold and Silver 2012
By: GoldCore
Today’s AM fix was USD 1,737.50, EUR 1,337.36, and GBP 1,080.40 per ounce. Yesterday’s AM fix was USD 1,747.25, EUR 1,347.56 and GBP 1,086.87 per ounce.
Silver is trading at $32.86/oz, €25.35/oz and £20.50/oz. Platinum is trading at $1,644.50/oz, palladium at $636.50/oz and rhodium at $1,160/oz.
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Tuesday, October 16, 2012
Gold – Inflation Hedge or Something More? / Commodities / Gold and Silver 2012
By: Bob_Kirtley
Gold serves numerous functions as an investment. Traditional reasons for investing in gold include:
- Inflation
- Investment market declines
- Burgeoning national debt
- Currency failure
- War or other extreme events
- Social unrest
Tuesday, October 16, 2012
How To Play a Comex Silver Default / Commodities / Gold and Silver 2012
By: John_Rubino
This week's interview with gold dealer Tom Cloud of National Numismatic Associates comes as precious metals are correcting and rumors are swirling around Comex silver.
Dollar Collapse: Hi Tom. It's been an interesting couple of days for silver, with a big Comex draw-down being followed by a sizable price drop. If the silver market wasn't so obviously free and honest, it might be tempting to suspect some kind of manipulation...
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Monday, October 15, 2012
Your Golden Worth / Commodities / Gold and Silver 2012
By: DeviantInvestor
Gold has been wealth and money, a store of value, and a means of exchange for more than 3,000 years. Only recently has debt been widely considered wealth. A US government T-Bond is considered “wealth” because the government promises to repay the loan with interest. Similarly, a corporate note is “wealth” because the corporation has promised to repay the note with dollars, and those dollars are still considered valuable. (Dollars are accepted because dollars are accepted.)
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Monday, October 15, 2012
India, China and Growing Silver Demand / Commodities / Gold and Silver 2012
By: Dr_Jeff_Lewis
With the Indian rupee having gained 7.3 percent against the U.S. Dollar since the end of August alone, silver prices express in rupees will likely soften in the near term.
This led at least one analyst to predict that silver's price direction in the short term could depend on Indian investors.
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Monday, October 15, 2012
Gold Drops Below $1750 as Bernanke Defends Monetary Easing / Commodities / Gold and Silver 2012
By: Ben_Traynor
WHOLESALE MARKET gold bullion prices hovered in a narrow range below $1750 an ounce in Monday morning's London session, after recovering some ground lost during Asian trading.
"We traded through lots of stop [losses] this morning," said one trader in Singapore, after gold began the week by dropping more than ten Dollars to $1742 per ounce, its lowest level in nearly three weeks.
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Monday, October 15, 2012
Gold And Silver Fall On Open In Asia As October Correction Continues / Commodities / Gold and Silver 2012
By: GoldCore
Today’s AM fix was USD 1,747.25, EUR 1,347.56, and GBP 1,086.87 per ounce. Friday’s AM fix was USD 1,767.00, EUR 1,362.80, and GBP 1,101.35 per ounce.
Silver is trading at $33.28/oz, €25.78/oz and £20.81/oz. Platinum is trading at $1,648.50/oz, palladium at $637.30/oz and rhodium at $1,175/oz.
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