Category: Gold and Silver 2012
The analysis published under this category are as follows.Friday, September 21, 2012
How High Can Gold Go? / Commodities / Gold and Silver 2012
Today’s AM fix was USD 1,773.75, EUR 1,361.28, GBP 1,089.19 per ounce.
Yesterday’s AM fix was USD 1,760.00, EUR 1,360.33 and GBP 1,088.03 per ounce.
Silver is trading at $34.71/oz, €26.84/oz and £21.42/oz. Platinum is trading at $1,638.50/oz, palladium at $670.30/oz and rhodium at $1,250/oz.
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Friday, September 21, 2012
Government and Gold confiscation: Tips to protect your assets / Commodities / Gold and Silver 2012
My advice to everyone is simple and clear: “Get out of the current financial system, avoid paper money and the banking system in general and move into physical precious metals.” David Stockman has put it this way: “ABCD – Anything Bernanke Cannot Destroy!”
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Friday, September 21, 2012
The Gold Standard: A Panacea or More Malaise? / Commodities / Gold and Silver 2012
Kira McCaffrey writes: The debt clock keeps on ticking. The U.S. federal debt recently surpassed the $16 trillion level and is still rising. The Republicans ushered the idea of a return to the gold standard to the center stage at their Tampa convention last month. Some see a return to the gold standard as a panacea to instill fiscal responsibility by our elected officials. While there are no easy answers or simple solutions to the massive debt crisis America faces, could a return to the gold standard be the answer? Let's take a look.
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Friday, September 21, 2012
Gold and Silver Benefit From a Shift in Fiat Currencies / Commodities / Gold and Silver 2012
We recall with some nostalgia that it was last year on September 6, that gold hit an all-time high of $1,923. This of course reminds us that a month before that the credit agency Standard & Poor's stripped the United States of its AAA rating on its bonds after partisan wrangling over raising the government's debt limit led the nation to the brink of default. And now in addition to nostalgia we get a feeling of déjà vu. The U.S. recently received another warning of a credit downgrade, this time from Moody's Investors Service. The credit agency said last Tuesday that it would most likely cut its Aaa rating on United States government debt, probably by one notch, if Washington's budget negotiations failed. This does not bode well for the U.S. dollar in the long run.
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Thursday, September 20, 2012
Euro-Gold Just 1% Off Record High, "Gold Is Money" / Commodities / Gold and Silver 2012
WHOLESALE PRICES to buy gold using US Dollars or British Pounds fell Thursday morning to trade just 1% below their 7-month highs of the last week.
Commodity prices dropped once again with Asian and European equities, while major-economy government bonds rose after new data showed Chinese factory output falling and Europe's private-economy contracting at the fastest pace in 3 years.
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Thursday, September 20, 2012
'Golden Cross' For Gold and Silver Signals Further Gains / Commodities / Gold and Silver 2012
Today’s AM fix was USD 1,760.00, EUR 1,360.33 and GBP 1,088.03 per ounce.
Yesterday’s AM fix was USD 1,774.50, EUR 1,361.44 and GBP 1,092.54 per ounce.
Silver is trading at $34.31/oz, €26.61/oz and £21.28/oz. Platinum is trading at $1,619.50/oz, palladium at $663.50/oz and rhodium at $1,225/oz.
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Thursday, September 20, 2012
Gold Capped Ahead of Election / Commodities / Gold and Silver 2012
It looks like there will be an attempt to cap gold and silver until the election or Kingdom come, whichever comes first. Some days it is hard to tell. The elites of the world seems quite determined to have another go at provoking destruction on a massive scale to escape the ennui of another Great Depression, successfully achieved once again.
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Thursday, September 20, 2012
Can Dividends Cure Gold Stocks Hangovers? / Commodities / Gold and Silver 2012
A market hangover may be causing suffering among gold mining equities, but there are still some cash-rich companies beguiling investors with record-breaking dividends. Dividend distributions are up by about one-third year-on-year from many major mining companies, according to David Christensen, chief executive and president of ASA Gold and Precious Metals Limited. The Gold Report spoke with Christensen at the Denver Gold Forum in this exclusive interview.
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Wednesday, September 19, 2012
The Fed’s Balance Sheet Puts Gold and Silver on the Warpath / Commodities / Gold and Silver 2012
After remaining calm for most of the summer, precious metals have been on the warpath like they have something to prove. Their move started last month and accelerated with the Federal Reserve’s latest quantitative easing program. The central bank’s third attempt to print prosperity has spurred a new round of balance sheet analysis and gold price targets.
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Wednesday, September 19, 2012
Gold Exhibits Strength! / Commodities / Gold and Silver 2012
Man is least himself when he talks in his own person. Give him a mask, and he will tell you the truth. - Oscar Wilde
This morning the Japanese came out with more easing and it comes on the heels of what China, the ECB and the Fed announced last week. Does anyone see a pattern here? The whole world is once again awash in liquidity. All of this serves to support stocks, commodities and gold although stocks and commodities have been surprisingly flat for the last two sessions. Maybe today will be different. One thing that has been strong, and remains surprisingly strong, is gold. Gold has been heading higher every since it tested the strong support at 1,522.20 way back in May:
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Wednesday, September 19, 2012
ECB Debasement Is Akin To Work Of Devil – Risk Of “Rapid Currency Depreciation” / Commodities / Gold and Silver 2012
Today’s AM fix was USD 1,774.50, EUR 1,361.44 and GBP 1,092.54 per ounce.
Yesterday’s AM fix was USD 1,756.75, EUR 1,344.31 and GBP 1,081.81 per ounce.
Silver is trading at $34.66/oz, €26.76/oz and £21.48/oz. Platinum is trading at $1,632.00/oz, palladium at $666.70/oz and rhodium at $1,300/oz.
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Wednesday, September 19, 2012
Gold Seen Breaching $1800 / Commodities / Gold and Silver 2012
THE SPOT gold price fell to $1772 an ounce Wednesday morning in London, a few hours after hitting its highest level for nearly seven months after the Bank of Japan became the latest central bank to announce further quantitative easing measures.
"It seems that the stars are now aligned for gold to move higher," says Anne-Laure Tremblay, analyst at BNP Paribas.
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Wednesday, September 19, 2012
Very Bullish Long-Term Outlook for Silver Stocks / Commodities / Gold and Silver 2012
While we have written about Silver here and there, we have not covered it publicly in over a year. The market made an obvious cyclical top last spring and the tremendous gains from late 2008 into 2011 would need to be corrected and digested. From May to July the market tested its lows successfully and formed support. The recent advance confirmed the lows and confirms that we are likely in a new cyclical bull market. Based on the technicals, Silver and silver stocks continue to show tremendous long-term potential.
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Tuesday, September 18, 2012
Gold Falls Back "On Profit Taking" / Commodities / Gold and Silver 2012
SPOT MARKET prices quoted for gold bullion traded just below $1760 an ounce Tuesday morning in London, 1% off the high hit last week after the US Federal Reserve announced its new open-ended asset purchase program.
"Immediate bullish upside momentum will be maintained while the gold price trades above Thursday's low at $1723.69," reckons Axel Rudolph, senior technical analyst at Commerzbank.
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Tuesday, September 18, 2012
Gold and Silver Cycles Analysis, Bubbles, Bubbles, Everywhere / Commodities / Gold and Silver 2012
Here is a great weekend report by a friend and trader who runs the financial site Financial Tap. Every once in awhile he makes his reports available to the public so they can see the quality analysis he brings to the table and he also offers a free trial to his premium service.
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Tuesday, September 18, 2012
Stagflation In Extremis and The Explosive Rise Of Gold / Commodities / Gold and Silver 2012
Stagflation is where economic growth slows, unemployment is high and prices rise.
Stagflation’s appearance in the 1970s was like an outbreak of three-headed children. It wasn’t supposed to happen. Prevailing wisdom—an oxymoron among economists—held that high employment and rising prices were economic handmaidens; and that, conversely, slowing economies and inflation were mutually exclusive
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Tuesday, September 18, 2012
All Signs Pointing to Gold / Commodities / Gold and Silver 2012
With another syringe of quantitative easing being injected into the U.S. economy’s bloodstream, Ben Bernanke is giving the markets their liquidity fix. The Federal Reserve’s action reaffirmed my stance I’ve reiterated on several occasions that the governments across developed markets have no fiscal discipline, opting for ultra-easy monetary policies to stimulate growth instead.
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Tuesday, September 18, 2012
Silver Price Decisive Strong Breakout Targets $60 / Commodities / Gold and Silver 2012
The strong uptrend in silver of the past several weeks is believed to mark the start of a major uptrend that should take the price comfortably to new highs before it’s done. On the 12-year log chart for silver below we can see that this uptrend is still in its infancy, as it has a target at the top channel return line shown, which means it should get to over $60 on this advance, a modest objective given the stunt pulled by the SPSC (Silver Price Supporters Club) over at the Fed last week.
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Tuesday, September 18, 2012
Gold Targets $2,400 on QE Money Printings / Commodities / Gold and Silver 2012
Last week was a momentous one when the financial world passed the point of no return. Right after a German court cleared the way for massive European QE to get underway, steamrollering opposition from German politicians and the German public in the process, the Fed announced not just QE3, which was expected, but open-ended and unlimited QE and suppression of interest rates over a longer timeframe. The Fed has declared open warfare not just against the dollar and savers in general, but against the entire American middle and lower classes, who will be progressively stripped of their assets and impoverished, the better to serve the interests of the banking class and the elites at large.
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Monday, September 17, 2012
Silver Prices and the Risk of Speculator Double Jeopardy / Commodities / Gold and Silver 2012
When the price of silver eventually explodes to the upside, the silver market and those who are responsible for regulating it will probably blame the speculators.
Specs, or those who trade in a market without having an underlying commercial interest,have become the modern day scapegoats for extreme market movements, even if such movements seem entirely justified by the underlying fundamentals.
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