Category: Gold and Silver 2012
The analysis published under this category are as follows.Friday, August 24, 2012
Ready, Steady, GOLD / Commodities / Gold and Silver 2012
In anticipation of the ECB and the Federal Reserve deciding to stimulate the economy through an infusion of newly created paper money gold prices have started to recover and head north. We know that the Greek PM Antonis Samaras has met with Jean Claude Junker, President of the Eurogroup in order to try and secure more time for Greece to get its act together and that further meetings are planned in an attempt to resolve this problem. However, so many of these meetings have been held with very little emanating from them making it difficult for us to become enthusiastic about this latest round of what has been a merry-go-round of talks over the last two years. As we see it they will print rather than have Greece leave the eurozone as the fear of contagion worries them more than the fear of inflation.Read full article... Read full article...
Friday, August 24, 2012
Gold vs Stocks, Are You The Market’s “Sucker”? / Commodities / Gold and Silver 2012
The investment world is filled with misleading “facts” and flashy “materials” that cause investors to lose money. If one blindly follows what the average investor thinks and does, they are likely to wind up being the “sucker” in the market. If, on the other hand, an investor digs a little deeper and attains a unique insight on the market or “edge”, then the probability of profitability increases dramatically.
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Thursday, August 23, 2012
Gold Price Breaks Out / Commodities / Gold and Silver 2012
Following a quiet summer, gold has just risen to four-month highs. BullionVault founder Paul Tustain puts the action in context...
USUALLY I tend to focus on the reasons to buy gold rather than the timing. Timing is not my territory. But as we approach the anniversary of gold's all-time high, my thoughts turn to ebb and flow of the gold market.
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Thursday, August 23, 2012
Gold And Platinum Surge As Mining Unrest Spreads / Commodities / Gold and Silver 2012
Today's AM fix was USD 1,662.50, EUR 1,324.07, and GBP 1,047.57per ounce.
Yesterday’s AM fix was USD 1,640.50, EUR 1,315.87 and GBP 1,038.49 per ounce.
Silver is trading at $30.36/oz, €24.30/oz and £19.31/oz. Platinum is trading at $1,543.75/oz, palladium at $628.10/oz and rhodium at $1,025/oz.
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Thursday, August 23, 2012
Gold Price Ignited by Important Shift in US Fed Policy / Commodities / Gold and Silver 2012
WHOLESALE MARKET gold prices ticked lower in London on Thursday from the highest Dollar and Euro levels since end-April after rising again in Asian trade.
Wednesday's minutes from the US Federal Reserve's latest policy meeting "ignited" the gold investment market, according to one trader, with buy-stops triggered at $1650 according to another.
Thursday, August 23, 2012
Gold and Silver Rally Intensified on Fed's QE Statement / Commodities / Gold and Silver 2012
Gold and silver were rallying even as stocks were declining, when the Fed released its minutes from the most recent meeting this afternoon. The Fed is concerned about the lack of growth in the economy and signalled its willingness to invoke additional quantitative easing 'fairly soon.'
This intensified the rally in gold and silver and helped stocks to lose some of their early losses.
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Wednesday, August 22, 2012
Gold for Escape from Slavery / Commodities / Gold and Silver 2012
Vice President Joe Biden was accused of racism when suggesting a Romney administration would “unchain banks” that in turn might put the black audience he was talking to back into “shackles.” The political uproar overshadows a reality that knows no racial boundaries: a person in debt is not a free person; a nation in debt is not a free nation. Does it mean those with large bank accounts are free? Not so fast…
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Wednesday, August 22, 2012
Mistrust Fuels Continued Gold Demand / Commodities / Gold and Silver 2012
In the face of growing fears of a renewed global plunge into economic depression and a climate of low apparent price inflation, investors might expect commodities and precious metals to be falling in price. Instead, gold continues to hover around a relatively high $1,640 an ounce and silver at $29. At the same time, central banks - including those of the ever more important China, Russia and India - continue aggressively to buy gold.Read full article... Read full article...
Wednesday, August 22, 2012
Gold and Silver Breakout / Commodities / Gold and Silver 2012
After almost three months of consolidating, gold and silver have broken out of their bases. Though they continue to be well below their 2011 peaks, this seasonal move is expected to produce about a 10% advance.
Gold and silver often start a seasonal move in September and continue into November or December. 2011 was a prime example. Gold jumped from $1600 to over $1775 and silver shot up 10% from $30 to $33.
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Wednesday, August 22, 2012
Financial Alchemy and Fraud in Gold / Commodities / Gold and Silver 2012
The gold bull market is alive and well as the summer doldrums come to a close and gold accumulation and trading starts to heat up going into the fall. As the gold bull market matures and it draws more attention from investors all around the world, it does open up the doors for fraud. By now we have heard many stories and accusations about manipulations by central planners, bullion banks, short-sellers and futures traders. The regulators in the West have largely ignored these accusations and have looked the other way when it comes to oversight and creating a fair and legal market place for precious metals.
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Tuesday, August 21, 2012
Russia Accumulates Gold As Price Consolidates Below Resistance At $1,644/oz / Commodities / Gold and Silver 2012
Today's AM fix was USD 1,624.00, EUR 1,308.94, and GBP 1,030.26 per ounce.
Yesterday’s AM fix was USD 1,615.25, EUR 1,306.84 and GBP 1,028.04 per ounce.
Silver is trading at $28.95/oz, €22.40/oz and £18.44/oz. Platinum is trading at $1,495.75/oz, palladium at $604.70/oz and rhodium at $1,025/oz.
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Tuesday, August 21, 2012
Silver Hits 2-Month High / Commodities / Gold and Silver 2012
SPOT MARKET prices to buy silver rose to their highest level in two months Tuesday, hitting $29.09 per ounce– 3.5% up on last week's close – after extending gains from yesterday's trading.
"This changes [silver's] posture to bullish," says the latest technical analysis note from bullion bank Scotia Mocatta.
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Tuesday, August 21, 2012
Gold and Silver Shine on Weaker U.S. Dollar / Commodities / Gold and Silver 2012
Gold, silver and crude oil prices are closely related to the movement of the U.S. dollar. After a healthy consolidation, gold began to move up in August 2012. At the same time, deteriorating expectations for crop yields in the American Midwest moved corn and soybean prices to new highs. Higher food prices in late 2012 or early 2013 could have far reaching and geopolitically destabilizing effects likely to weigh on stocks, putting the shine back on precious metals. While billionaires George Soros and John Paulson are buying gold, silver has been in backwardation in recent weeks and silver held in ETFs rose to $16.2 billion according to Bloomberg.
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Tuesday, August 21, 2012
Gold Love Trade Cools as Central Banks’ Gold Demand Heats Up / Commodities / Gold and Silver 2012
The two largest gold buyers in the world that largely drive the Love Trade, China and India, underwhelmed the metals market with their subdued demand for the yellow metal during the second quarter of this year.
According to the World Gold Council’s (WGC) quarterly Gold Demand Trends report, total demand was 990 tons, which was about 7 percent lower compared to the second quarter of 2011. When you break down demand and look at the jewelry sector, you can see that Chindia remains about 50 percent of the world’s total gold demand. However, this quarter’s jewelry demand of a little more than 400 tons makes it one of the weakest periods in two years.
Tuesday, August 21, 2012
HFT Tail Wagging the Silver Price Dog / Commodities / Gold and Silver 2012
The use of HFT computer systems to execute large deals rapidly in electronic markets typically allows their users to take advantage of short-lived pricing disparities in large size.
Furthermore, the growth of High Frequency Trading or HFT in the silver derivatives market is exerting an ever-increasing influence on the price of physical silver. Unfortunately, the hedge fund crowd is now often mindless relying on computers to do their thinking for them.
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Tuesday, August 21, 2012
Great Expectations for Silver in an Inflationary World / Commodities / Gold and Silver 2012
Many observers currently expect the Chinese economy to land softly, perhaps relying on domestic stimulus measures alone. Nevertheless, while the inflationary bias in the developed world made it easier to accept more economic stimulus plans in 2008, the situation is now different.
This means that China and other developing Asian countries are now being faced with increased de-leveraging and other fear-based financial concerns, much like Western countries have experienced in recent years.
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Tuesday, August 21, 2012
Gold Price Forecast, Indian Demand Shifting Trends / Commodities / Gold and Silver 2012
One of the top stories in the financial markets in 2012 has to be the stagnation in the price of gold at around $1600 an ounce, which is down approximately 17% from its peak at $1920.30. Those bullish on the yellow metal have been disappointed in gold’s performance while those bearish on the shiny metal have reveled in its stagnation, saying that gold’s status as a safe haven is over.
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Monday, August 20, 2012
Gold and Silver Long-Term Technical Outlook / Commodities / Gold and Silver 2012
Knowing that it’s very likely that Gold and Silver have bottomed, we feel it is time to look at the charts and assess what may or may not be in store over the next year or two.
Gold has consistently made impulsive advances that were digested by multi-quarter corrections and eventually followed by a breakout and new impulsive advance. Following the last major breakout in late 2009, Gold enjoyed an extended impulsive advance that lasted two years. Previous impulsive advances lasted less than a year. Gold, having bottomed, remains well entrenched in another consolidation that is 12 months old. As we can see from the chart, previous consolidations lasted 16 to 20 months.
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Monday, August 20, 2012
Watch Out For A Silver Breakout Higher / Commodities / Gold and Silver 2012
An old melody advises us to look for the silver lining whenever dark clouds appear in the blue. There is economic and political upheaval all over the world, especially in the South China Seas. This may directly affect the world’s supply of industrial metals such as graphite, rare earths, molybdenum and tungsten.
Today we direct our attention to an area where silver is shining. Poor man’s gold may come into prominence shortly and provide our subscribers with possible profits.
Monday, August 20, 2012
Trade of the Year - Gold Versus Paper / Commodities / Gold and Silver 2012
I often harp on the Dow to Gold ratio, as I think it is the easiest way to see the "bigger picture" secular trend of poorly performing common stock markets (i.e. paper) relative to the free market's real money (i.e. Gold). I have been not-so-patiently waiting for a turn in this ratio back to the advantage of the Gold bulls. Well, we have now gotten to the point where I feel comfortable arguing that this ratio now is likely to provide the best trade over the next 12 months. When I say best trade, I mean the best potential reward/return relative to the risk.
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