Category: Gold and Silver 2013
The analysis published under this category are as follows.Friday, July 19, 2013
Gold Warnings for Precious Metals Bulls and Bears / News_Letter / Gold and Silver 2013
The Market Oracle NewsletterMay 24th, 2013 Issue # 11 Vol. 7
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Friday, July 19, 2013
Gold Bullish Forces / Commodities / Gold and Silver 2013
Sean Brodrick writes: Earlier this week, I was at The Oxford Club’s Private Wealth Seminar in Ojai, Calif.
It’s the same place Jimmy Kimmel got married at over the weekend. Apparently
I just missed catching a glimpse of Jennifer Aniston and Ellen DeGeneres.
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Thursday, July 18, 2013
The Powerful Case For Silver / Commodities / Gold and Silver 2013
I am a well-known "gold bug" because of my strongly voiced opinion that gold has been one of the best assets for protecting yourself from the US dollar's prolonged decline.
Lately, the precious metals have taken a beating, and I've been called to defend gold's future prospects in the media countless times. While I am confident that gold will rebound with a vengeance before long, I think investors are potentially missing an even greater opportunity in that other monetary metal: silver.
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Thursday, July 18, 2013
Gold Price Rallies But Very Oversold Mining Stocks Extend Losses / Commodities / Gold and Silver 2013
WHOLESALE GOLD traded in a tight range around $1280 per ounce Thursday morning after recovering over a third of yesterday's $30 drop from 4-week highs.
Gold miner equities, in contrast, extended their fall as broader stock markets rose.
By lunchtime in London, African Barrick, spun out of the world's largest gold producer in 2010, stood 2.2% lower but held above last month's record low.
Thursday, July 18, 2013
Gold and Silver Investors Greatest Secret Weapon / Commodities / Gold and Silver 2013
As the FED turns up the heat in the central bank frying pan, the frogs (public) don't realize they are being cooked to death by inflation. I am quite amazed how loud the sizzling sound has become, but for some odd reason hardly anyone notices it.
Unfortunately, we are well past the point of no return. It's only a matter of time now before the whole "Financial Cliff" falls off the mountain side. Until then, gold and silver investors will have to put up with some of the worst analysis ever to come out of government and MSM.
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Thursday, July 18, 2013
Gold and Silver Obviously Hit by Bernanke Testimony Bear Raid / Commodities / Gold and Silver 2013
Benny made it perfectly clear in his Humphrey Hawkins testimony today that QE, in whatever forms and permutations, is here to stay at least for this year. And when the Fed expands its Balance Sheet, it is most certainly 'creating money,' although as I have said often enough 'printing' is a colloquial expression of the same sentiment.
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Wednesday, July 17, 2013
The Game of Silver / Commodities / Gold and Silver 2013
Begin with what we know:
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Death and taxes.
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Political influence affects almost everything including most markets and much of the economy.
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MSM news is NOT a reliable source of information upon which to make decisions regarding silver investments.
Wednesday, July 17, 2013
Real Gold, Escaping Cash in the Bank / Commodities / Gold and Silver 2013
US and UK inflation rose faster than interest rates in June. Get used to it...
Just why do people choose to buy gold and silver? The answer from a quick survey of BullionVault users last week couldn't be clearer:
Inflation. Or rather, the erosion of money's purchasing power.
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Wednesday, July 17, 2013
Gold 'Indecisive' Below $1300, Asian Premiums Strong, Ahead of Bernanke Speach / Commodities / Gold and Silver 2013
The PRICE of GOLD held steady around $1285 per ounce Wednesday morning in London, trading unchanged for the week so far ahead of a key speech from US Federal Reserve chairman Ben Bernanke.
Giving semi-annual testimony to Congress on the direction of monetary policy, Bernanke was widely expected to clarify recent comments on reducing the Fed's $85 billion in monthly bond purchases through its quantitative easing program.
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Wednesday, July 17, 2013
Cyprus Resists International Pressure To Sell Gold Reserves / Commodities / Gold and Silver 2013
Today’s AM fix was USD 1,284.25, EUR 977.29 and GBP 845.68 per ounce.
Yesterday’s AM fix was USD 1,286.00, EUR 983.03 and GBP 853.24 per ounce.
Gold rose $7.40 or 0.58% yesterday and closed at $1,292.40/oz. Silver gained $0.06 or 0.3% and closed at $20.02.
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Wednesday, July 17, 2013
India's 'War' on Gold Shines on Silver Investing / Commodities / Gold and Silver 2013
Tony Daltorio writes: There's a major government move right now that's giving a huge boost to anyone investing in silver...
You see, when things go awry, governments have a tendency to pin the blame away from the government and on a convenient scapegoat.
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Wednesday, July 17, 2013
Gold Matter In “a banquet of consequences” Deficits / Commodities / Gold and Silver 2013
DEFICITS MATTER! Democrat Franklin Delano Roosevelt was the first to publicly declare that deficits did not matter since, he reasoned, we owe the money to ourselves. Dick Cheney, who should know better, made the same claim in behalf of Republican deficits. Deficit denial has never held water simply because holders of government paper – foreign or domestic — intend to be repaid and with interest. It’s that part about creditors demanding interest that blows a hole in the “deficits-do-not-matter” argument.
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Tuesday, July 16, 2013
Gold - What If? / Commodities / Gold and Silver 2013
By Grant Williams: A few weeks ago, I put a chart with which I am acutely familiar up on my Bloomberg. It is a chart I have studied every single day for over a decade, so by now I know pretty much every dip, every rally, and every sideways channel that makes up this particular pattern.
I remember where I was when the big moves took place, and I recall with great clarity my varying degrees of comprehension and incredulity over every meaningful change in direction.
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Tuesday, July 16, 2013
Timing the Gold Price Bottom / Commodities / Gold and Silver 2013
By Louis James, Chief Metals & Mining Investment Strategist
An interesting thing about the uptick in gold prices over the last couple days is the number of people asking me if I think gold has bottomed. This is somewhat amusing, since we all know that no one can time a market, and the questions are coming from my peers—professionals who should know better.
Tuesday, July 16, 2013
Gold and Silver Gain as Cyprus Back-Tracks on Selling Reserves / Commodities / Gold and Silver 2013
PRECIOUS METAL prices rose Tuesday morning in London, after the finance minister of Cyprus said selling some of the debt-laden Mediterranean island's gold reserves was "only an option" for raising cash.
"The possibility of selling gold is known, but only as an option," Harris Georgiades told journalists in Nicosia.
Tuesday, July 16, 2013
Petrodollar Recycling And The Gold Switch / Commodities / Gold and Silver 2013
PRAVDA WILL SAY ITS THE COLLAPSE OF CAPITALISM
President Nixon's head of the Federal Reserve, Arthur Burns vigorously opposed the Nixon plan to “close the gold window”, decided at Camp David through 13-15 August 1971 because Burns saw it as admitting defeat in the struggle against inflation. He said the policy mix including a “free float for the dollar” would not stimulate jobs, or prevent wage demands. The dollar would be weakened further driving up inflation - to the delight of the Soviets.“What the boys around the White House fail to see,” Burns scribbled in his diary, “is that the country now faces an entirely new problem—sizable inflation in the midst of recession.” He was overruled by Nixon.
Tuesday, July 16, 2013
Signs That the Silver Price Has Bottomed / Commodities / Gold and Silver 2013
I have not written a public article in several months. This is mainly because I have been waiting for a buying opportunity to develop in precious metals. As a fairly aggressive investor with a high risk tolerance, I took a stab when silver originally dropped to technical support around $27. I have a few small cuts from attempting to catch the proverbial falling knife, but I was quick to release and walked away relatively unscathed.
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Monday, July 15, 2013
Continuous Commodity Index Points to Rally in Gold and Silver / Commodities / Gold and Silver 2013
During the recent weeks we have seen commodities especially precious metals continue to drop in value. Market participant sentiment has become more bearish on commodities and couple that with a rising dollar it’s no wonder why we continue to see commodities as a whole fall in value.
Money has been flowing out of bonds at record levels this summer telling us most of market participants are feeling bullish on the stock market. This shift in sentiment of the masses are typical as they move their money from the risk on safer assets (bonds & commodities) and rotate into risk-on assets like stocks. While this is a bearish (contrarian sign) stocks could easily continue to rally for an extended period of time and possibly several more months before they actually top out.
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Monday, July 15, 2013
Why is Gold & Silver, the Precious Metals Complex Falling ? / Commodities / Gold and Silver 2013
A subscriber asked me this week why the precious metals complex has been falling and if the charts could show the reason why. From the Chartology perspective it’s really a no brainier why this sector has fallen on hard times.
Many of you may recall the bull market that occurred, in the stock markets, back in the 1990′s which was a traders dream come true. During that time gold and the precious metals stocks were not even on my radar screen as I was too busy trading the tech stocks to even consider the precious metals sector. I couldn’t tell you the price of gold or what a junior miner was. All I knew was that the action was in the tech stocks and that is all that mattered to me at the time. I know a lot of you folks were trading the precious metals stocks in the 90′s and by looking at a long term chart for gold or the XAU, which has the most history, those were some lean years to say the least.
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Monday, July 15, 2013
Cash For Gold ‘Giveaway’ As 'Cash Strapped' Europeans Sell Jewellery Amid Asian ‘Gold Rush’ / Commodities / Gold and Silver 2013
Today’s AM fix was USD 1,281.25, EUR 983.08 and GBP 850.65 per ounce.
Friday’s AM fix was USD 1,275.00, EUR 976.79 and GBP 842.70 per ounce.
Gold fell $0.90 or 0.07% on Friday and closed at $1,284.40/oz. Silver fell $0.29 or 1.44% and closed at $19.89.
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