Category: Gold and Silver 2013
The analysis published under this category are as follows.
Thursday, July 25, 2013
Gold Backed China’s Yuan Set To Become Global Reserve Currency? / Commodities / Gold and Silver 2013
By: GoldCore
Today’s AM fix was USD 1,312.00, EUR 994.92 and GBP 857.63 per ounce.
Yesterday’s AM fix was USD 1,340.00, EUR 1,012.31 and GBP 872.40 per ounce.
Gold fell $22.50 or 1.68% yesterday and closed at $1,319.90/oz.
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Thursday, July 25, 2013
Why Gold Prices Are Rising Now / Commodities / Gold and Silver 2013
By: Money_Morning
Tony Daltorio writes: After watching some drastic one-day plunges this year for the yellow metal, investors are wondering why gold prices are rising now– could this be the start of a healthy, prolonged rebound?
On Monday, gold enjoyed its biggest one-day jump in more than a year. It hit a four-week high as gold finally broke through the $1,300 an ounce technical resistance level and finished above $1,335 an ounce.
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Thursday, July 25, 2013
Comex Gold Explained / Commodities / Gold and Silver 2013
By: Adrian_Ash
Miguel Perez-Santalla writes: A primer on how physical gold stocks are held for Comex contracts, and what stock changes mean...
There has been a lot of misinformation recently about Comex warehouse gold stocks.
Most notably, there's confusion about how this year's sharp drop in the quantity of gold bullion held in Comex warehouses might point to some looming shortage of metal to settle gold futures contracts, or even signal an outright default by sellers to buyers.
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Thursday, July 25, 2013
Gold GLD ETF Reverses as TLT Breaks Down / Commodities / Gold and Silver 2013
By: Anthony_Cherniawski
GLD briefly slipped above its 50-day moving average yesterday, but could not hold it as support. Today is day 26 of the new Master Cycle. The reversal in a minute Wave [iv] makes it extremely left-translated and bearish for several more months.
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Wednesday, July 24, 2013
Silver and Crude Oil Interesting Parallels / Commodities / Gold and Silver 2013
By: DeviantInvestor
Crude
Crude Oil bottomed (weekly data) about 12/25/1998 at $10.75. It rose erratically for several years, hit another low on 8/24/2007 at $68.70, and then rallied dramatically to an all-time high of $147.20 on 7/11/2008. Subsequently, crude collapsed to $35.35 on 12/26/2008.
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Wednesday, July 24, 2013
Did Gold Start to Respond to the U.S. Dollar Price Moves? / Commodities / Gold and Silver 2013
By: P_Radomski_CFA
Yesterday, gold climbed up to over $1,347 per ounce after the U.S. dollar slipped against other currencies. The American currency dropped to a one-month low slightly below 82 after extending a broad decline for a third session. Investors are probably wondering if it will drop any further.
The recent price action suggests that market players are still long the dollar, which could weigh on the greenback, said Hiroshi Maeba, head of FX trading Japan for UBS in Tokyo.
What if he is right? Will the buyers manage to push the USD Index higher? What impact could such action have on the gold’s chart? Could it trigger a correction?
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Wednesday, July 24, 2013
Gold Price Slips But Up 13 Days Running on "Stop-Loss Fiesta" / Commodities / Gold and Silver 2013
By: Adrian_Ash
The PRICE OF GOLD fell $10 per ounce from a new 5-week high in London on Wednesday morning, but stood higher for the 13th session running amid what one trading desk called "a stop-loss fiesta".
"There [is] still a lot of short positioning to unwind," says a note from finance and refining group MKS in Geneva, "with very little seen in terms of any pullbacks."
Tuesday, July 23, 2013
Gold Price Now Heavy After Historically Strong 1-Month Rally / Commodities / Gold and Silver 2013
By: Adrian_Ash
The PRICE OF GOLD eased back to $1330 per ounce Tuesday morning in London, dropping 0.7% from yesterday's 5-week highs as commodities slipped with major government bond prices.
Asian stock markets rose as the Japanese Yen edged lower. European stocks and US equity futures crept 0.2% higher.
"We believe there is a strong element of short covering behind the recent buying in gold," says one broker's note, pointing to the record-large number of bearish bets held by speculative traders in gold futures.
Tuesday, July 23, 2013
Gold Surges As COMEX Default May Send Gold Price Over $3,500 / Commodities / Gold and Silver 2013
By: GoldCore
Today’s AM fix was USD 1,326.75, EUR 1,007.10 and GBP 864.84 per ounce.
Yesterday’s AM fix was USD 1,313.75, EUR 998.21 and GBP 859.22 per ounce.
Gold climbed $39.30 or 3.04% yesterday and closed at $1,333.70/oz.
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Tuesday, July 23, 2013
Gold in a (Un)Tapered World / Commodities / Gold and Silver 2013
By: Axel_Merk
Gold is up, even getting a positive mention in Barron's. Is it Japan's election or the tapering of the taper talk that's driving gold higher of late? Is this a bounce or the beginning of a new major uptrend in gold? Read full article... Read full article...
Tuesday, July 23, 2013
Best Days for Gold Still Ahead / Commodities / Gold and Silver 2013
By: Michael_Pento
The prevailing mantra on Wall Street is that gold's bull market is now over and it's time to bury precious metals as an investment theme for the indefinite future. Their rational is based on the belief that many investors held misguided fears during the credit crisis about a breakout of massive inflation and economic chaos, which drove gold to nearly $2,000 per ounce. Of course, (the perma-bulls claim) those worries have now completely failed to materialize and will never be a genuine risk in the future.
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Monday, July 22, 2013
A Closer Look at Developing Gold Price Bottom / Commodities / Gold and Silver 2013
By: Jesse
"The banks have essentially been told by the Federal Reserve they're allowed a certain number of sins. Just not as many as there used to be." Brad Hintz, Sanford and Bernstein
Here is a closer look at the gold bottom that everyone and their brother was rushing to call last week, so they could claim prescience.
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Monday, July 22, 2013
Gold Jump Pulls Mining Stocks Higher as Asian Dealers Fear Summer Shortage / Commodities / Gold and Silver 2013
By: Adrian_Ash
The WHOLESALE price of gold leapt in thin Asian trade Monday morning, jumping 1.7% inside half-a-minute and then extending its run in London to new 1-month highs at $1322 per ounce.
London-listed gold equities followed, with shares in Randgold Resources – tipped today by analysts at both J.P.Morgan and Morgan Stanley as better able to cut costs and avoid write-downs than competitors – rose 2.5%.
Monday, July 22, 2013
Gold Derivative Distortions Perfect Storm / Commodities / Gold and Silver 2013
By: Alasdair_Macleod
The purpose of this article is to explain how derivatives have distorted gold prices with particular reference to the US futures markets. This will enable us to anticipate the price effect when the distortion is eventually unwound.
When a derivative is created it diverts supply and demand from the underlying commodity. If it is then hedged into the underlying commodity the price effect is the same as if it was a simple commodity transaction. Enter the “honest speculator”, who is neither producer nor consumer, but seeks to profit by trading derivatives for profit, without an intention of taking delivery. The speculator who does not roll his positions into subsequent future contracts brings forward demand or supply only to reverse the price effect later in the life of the contract. In this case speculators provide liquidity with no lasting price distortions.
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Saturday, July 20, 2013
Gold And Silver – When Precious Metals Bottom Is Irrelevant To Your Financial Health / Commodities / Gold and Silver 2013
By: Michael_Noonan
As ardent as Precious Metals, [PMs], buyers are, a good many of them do not comprehend
their importance. Everyone agrees they are resoundingly better than any fiat currency, as
history has amply proven. However, few consider the why PMs are so anathema for all
central bankers.
There was a time in this country when gold and silver were the coin of the realm. Actually, they still are! The Coinage Act of 1792 has never been repealed, and that means, by law, gold and silver are, [read section 20], the current money of account of the United States. There is a very potent message within that Act, and like we said last week, Knowledge is not of value, using it is.
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Saturday, July 20, 2013
Strong Contrarian Buy Signal on Gold Stocks / Commodities / Gold and Silver 2013
By: Jordan_Roy_Byrne
Contrarian thinking is easy but successful contrarian investing is difficult. Most amateur contrarians neglect that the crowd is right most of the time. It’s only at market turning points where the crowd is wrong and contrarians are right. In recent weeks the voices against precious metals have not only appeared but grown. Weeks ago we debunked a rant of a widely followed mainstream blogger and commentator. He was ranting against the gold stocks and his rant was devoid of any analysis or actionable information. Meanwhile, more mainstream calls to sell gold stocks have popped up and during what likely will be exactly the most inopportune time to sell.
Saturday, July 20, 2013
Gold vs Savings - Ben Bernanke vs. Rothschild's Obscure Clerk / Commodities / Gold and Silver 2013
By: Adrian_Ash
Does the Fed chairman really not understand what drives savers to gold...?
BEN BERNANKE, today's most powerful banker, said this week that nobody really understands gold prices, including himself. Victorian Europe's richest man, and bullion broker to the Bank of England, N.M.Rothschild at least took the trouble to check.
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Friday, July 19, 2013
Gold Short Squeeze / Commodities / Gold and Silver 2013
By: Zeal_LLC
Futures speculators have responded to this year’s extreme bearishness plaguing gold by amassing wildly-outlying record short positions in it. These huge and highly-leveraged bets can only be unwound by buying gold futures to cover the shorts. As gold continues rebounding out of its recent hyper-oversold lows, the futures traders on the short side will have to buy. This will likely fuel a massive short squeeze.
Major short squeezes are the stuff of market legends, rare and extreme events. Whenever a price falls particularly far and fast, traders wax exceptionally bearish on it. They extrapolate the downside action continuing indefinitely, and some want to play that momentum. So they reverse the usual trade of buying low then selling high. They effectively borrow the asset from someone else to sell it in the open market.
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Friday, July 19, 2013
Gold Miners "Rushing to Hedge" as Gold Price Rallies / Commodities / Gold and Silver 2013
By: Adrian_Ash
GOLD crept higher in quiet summer trade in London on Friday, adding 0.4% for the week as world stock markets also rose but commodity prices fell back.
Silver held 2.5% below last Friday's finish in Dollars.
Government bond prices were unchanged.
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Friday, July 19, 2013
Cheap Gold and Silver Prices - The Deal of a Lifetime? / Commodities / Gold and Silver 2013
By: Dr_Jeff_Lewis
The gold and silver markets have fallen dramatically in the wake of the FOMC signaling an end to its controversial Quantitative Easing or QE programs. The pricing in of such FedspeakQE taper-talk has also triggered a yield spike in southern Europe that could deepen that region’s existing debt crisis.
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