Category: Gold & Silver
The analysis published under this category are as follows.
Tuesday, October 02, 2007
Gold Suffers Worst Drop in 7 Weeks as Euro Sinks; Expect Physical Demand to Rise; Global Credit Crunch Yet to End / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES sank in Asian and early London trade on Tuesday, dropping 2.1% from the overnight close in New York – when the Dow Jones index of US equities recorded a new all-time high – to bounce off $732 per ounce and deliver gold's sharpest losses since Aug.16th.Read full article... Read full article...
Monday, October 01, 2007
How Central Bankers Control the Gold Price / Commodities / Gold & Silver
By: Adrian_Ash
"...What is it with leading commercial banks – first Credit Agricole...now Citigroup – and their accusations of wanton gold-price manipulation by central bankers...?"
"IT WAS SO embarrassing... "I mean, who in the hell ever let the guy publish that report? Credit Agricole was a laughing stock. Everyone in the gold industry was amazed. It was just ridiculous..."
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Monday, October 01, 2007
Gold Up as Battered US Dollar Falls to New Low Against the Eur / Commodities / Gold & Silver
By: Gold_Investments
GoldGold made a new 28 year high close on the COMEX in New York Friday and again this morning. It closed at $743.10 on Friday and was up to $746.80 in early trading in Europe.
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Monday, October 01, 2007
Gold Dips as US Open Draws Near; Investment Banks Hit by Credit Crunch; London 's Financial Debt Soars / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES ticked higher in Europe on Monday morning, adding to Sept.'s 10% gain to record an AM Fix in London of $745.25 per ounce, before slipping as the New York open drew near to dip below $744.Read full article... Read full article...
Monday, October 01, 2007
Gold Critically Overbought - Reaction Lower to $700 Probable / Commodities / Gold & Silver
By: Clive_Maund
The way to be popular in this business it to tell people what they want to hear, which is that gold and silver are going up, up, up. However, if your priority is to assist people in making money or at least avoid losing it, then being popular has to be a secondary consideration. Read full article... Read full article...
Monday, October 01, 2007
Silver Short-term Fall to Present Another Buying Opportunity / Commodities / Gold & Silver
By: Clive_Maund
Even though recent action in silver has been very positive, with it finally breaking free from the shackles of its “Distribution Dome”, short-term it looks set to react significantly in sympathy with gold, a scenario that is made a lot more likely by last week’s sharp increase in the Commercials’ short positions. The long-term outlook remains strongly bullish, so if the expected short-term reaction occurs it will be viewed as presenting another buying opportunity.Read full article... Read full article...
Sunday, September 30, 2007
Gold and Silver Analysis - Precious Points: Approaching the Moment of Truth / Commodities / Gold & Silver
By: Joe_Nicholson
There can easily still be a higher high before this move is done. Silver could also easily see an extension of this move, probably as high as $14.20... if investor sentiment and underlying economic conditions continue to drive money toward inflation safe havens. Caution requires we not ignore … the certainty of increased housing defaults, the ongoing uncertainty of toxic asset ownership, the (un)health of the American consumer as assessed based on outstanding credit instead of retail sales, and now the pessimism of the Fed. Blowoffs end ugly for everyone except those who are forearmed with the knowledge they are taking short term positions and choose their trade vehicles appropriately. ~Precious Points: Is This the Big One, September 23, 2007Read full article... Read full article...
Sunday, September 30, 2007
Weekly Gold and Silver Technical Analysis Report - 30th Sept 07- Technically Precious with Merv / Commodities / Gold & Silver
By: Merv_Burak
Gold is moving into new high ground for this generation but still over $100 shy of an all time high (not including effects of inflation). Will we get there before the next generation?
GOLD : LONG TERM
The long term P&F chart has tacked on another X and has now given us another long term projection. In my 07 Sept 2007 commentary I calculated three earlier projections. With gold breaking into new high ground a final (for now) projection can be calculated to the $1125 level. Of course there are higher projections based upon a very long term chart shown last week but those are for much later consideration.
Saturday, September 29, 2007
Gold Rockets on US Dollar Troubles / Commodities / Gold & Silver
By: Christopher_Laird
Gold rose Friday well over $740 setting a new high (not inflation adjusted) since 1980. The USD dropped below a key 78 level on the USDX (currency index heavy Euro weighted). Oil is also rising based on USD weakness. This is not just a speculator driven rally in either gold or oil, as has been the case before the USD started to drop and stay below 80 on the USDX – a big change from the last several years.Read full article... Read full article...
Friday, September 28, 2007
Gold: Lagging Supply vs. Soaring Inflation / Commodities / Gold & Silver
By: Adrian_Ash
"...The gold mining industry just admitted that it lacks growth. The world's central bankers, in contrast, are expanding their production each and every day..."
SPOT GOLD PRICES just ended their sixth week of successive in London , peaking above last Friday's $740 peak and recording the highest Fix since 21st Jan. 1980 , the day of gold's all-time record spike to $850 per ounce.
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Friday, September 28, 2007
Gold Set for First Monthly Close Above $700 Since Jan 1980 / Commodities / Gold & Silver
By: Gold_Investments
GoldGold made a new 28 year high close on the COMEX in New York yesterday. It was up $4.70 to $732.50 at the close. In overnight trading in Asia and Europe gold has continued to rally and has risen to $738.00/738.50 per ounce as of 1130 GMT. There seems to be strong support now at $726. Read full article... Read full article...
Friday, September 28, 2007
Gold Touches New 27-Year High as "Friday Drivers" Get Busy Again / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES touched a new 27-year high above $740 per ounce early in London on Friday, as the US Dollar hit a new record low against the Euro and Brent crude oil in London ticked back from yesterday's fresh all-time high.
In the agricultural sector, global wheat prices are now approaching their biggest two-month gain since 1973, according to Bloomberg data, following a disastrous growing season in Australia , Canada and Ukraine .
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Friday, September 28, 2007
Precious Metals - Spot The Obvious First - Investing Simplified – Part Two / Commodities / Gold & Silver
By: Investmentscore.com
When you build a puzzle do you dump out 1000 pieces and randomly try to put together the picture, or do you look for the obvious corners, flat borders, build the frame and then fill in the details? So why do investors try to match a million random pieces of information in an attempt to try to build a clear picture?Read full article... Read full article...
Thursday, September 27, 2007
Gold Jumps into US Open as Mining Supply Flags & Fed Injects Another $6bn to the Money Markets / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES ticked higher in London early Thursday, recovering all of yesterday's late losses in New York before jumping towards the US open and trading above $735 per ounce, well above last week's closing level.
The US Dollar meantime slipped to a new record low against the Euro, and crude oil rose back above $81 per barrel.
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Thursday, September 27, 2007
Gold is underpriced by $1,400! Gold Long-term Target is $2,100! / Commodities / Gold & Silver
By: Money_and_Markets
Larry Edelson writes: I'm going to say it again — if you're not in the gold market, you're making a huge mistake.
Reason: Gold is the ultimate asset. It is the purest form of money, and the oldest, most durable wealth-preserving asset on the planet.
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Thursday, September 27, 2007
New High for the Euro as Gold Corrects / Commodities / Gold & Silver
By: Gold_Investments
GoldGold was down by $3 yesterday and ended the trading day in New York at $727.80.
In overnight trading in Asia and Europe gold rallied somewhat and has risen to $732.00/732.50 per ounce as of 1215 GMT.
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Thursday, September 27, 2007
Investing In Gold Can Make You Rich! / Commodities / Gold & Silver
By: David_Vaughn
Gold is unstoppable. Hope you haven't sold your quality gold shares.
Well, gold is settling comfortably above 700 an ounce – what now? If you're stupid you'll be selling all your gold shares because you fear gold dropping back to 640. If you have any common sense you will notice this upward move is more than a short term rally.
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Thursday, September 27, 2007
Silver in Bullish Technical Formation, Targeting Powerful Upmove $17.30 / Commodities / Gold & Silver
By: Mike_Paulenoff
If in fact the Fed must cut rates at least one or two more times, and must press Fed funds to 4.25-4.00% during this rate cut cycle -- avert recession and stimulate economic growth -- then just maybe the "inflation genie" will be allowed out of the bottle for a while. We will know that if and when Silver (not gold) starts to accelerate to the upside. When rising inflation psychology takes root, it will be the less obvious "precious" metal that flashes its buy signal.Read full article... Read full article...
Wednesday, September 26, 2007
Steepening US Treasury Yield Curve to Ignite Gold - Stagflation Around the Corner / Commodities / Gold & Silver
By: Jim_Willie_CB
The face of all the world has changed, since first I heard the footsteps of your official rate cut. Sorry, borrowed a front line from a Robert Browning love poem, who wrote about ‘footsteps of your soul' to Elizabeth Barrett. On September 18th, notes were taken on a host of prices immediately before the US Federal Reserve executed its cut of 50 basis points in both the Fed Funds target and the discount rate. The reaction in the entire price structures for the financial markets generally has been profound in only one week. Stocks are up. Foreign currencies are up. Oil and natural gas are flat but now down a little. Gold and silver up, along with their precious metals mining stocks. However, the anomaly sticks out like a sore bruised discolored thumb. Read full article... Read full article...
Wednesday, September 26, 2007
GOLD THOUGHTS - Gold To Correct Lower and US Dollar to Bounce from Oversold State / Commodities / Gold & Silver
By: Ned_W_Schmidt
Bailout Ben Bernanke, Chairman of U.S. Federal Reserve, last week demonstrated the intellectual bankruptcy at that institution. No broad based economic need for a 50 basis point interest rate cut was evident. Only purpose of rate cut was to aid investment banks and mortgage brokers. Further, that interest rate cut is now politically impossible to reverse without a crisis in the value of U.S. dollar.Read full article... Read full article...