Category: Gold & Silver
The analysis published under this category are as follows.
Monday, August 27, 2007
Weekly Gold and Silver Technical Analysis Report - 27th August 2007 - Technically Precious with Merv / Commodities / Gold & Silver
By: Merv_Burak
Good week but on pathetic daily trading volume. Professionals still on vacation ??? Let's see where we are.
GOLD : LONG TERM : Semi-Log Scale
I was sort of unsure which long term chart to show this week, a bar (or candlestick) chart or a P&F chart. However, the P&F chart shown with the 03 Aug 2007 commentary has still not budged. It is still as it was then. All that action over the past few weeks made not a smidgeon of effect on the P&F chart. For those interested in what it looks like you can go to the archives of some web sites publishing these commentaries. I will show the P&F again one of these weeks, especially if there is some movement in the chart.
Read full article... Read full article...
Saturday, August 25, 2007
Gold and Silver Analysis - Precious Points: The Question of Deflation / Commodities / Gold & Silver
By: Joe_Nicholson
“Gold perfectly held the 50-week moving average long watched here as strong, critical support. Resistance in the 665/70 area will be crucial to any recovery next week. Silver could now be mired in a lower trading range for the near term. At the very least, silver will likely face considerable resistance before new highs can even be contemplated. The Fed has been working behind the scenes … as it shepherds domestic growth through this decidedly difficult period. Growth... is still the outcome Bernanke seems to favor strongly.” ~ Precious Points: Gold Got Sold, but Should You Hold? , August 18, 2007Read full article... Read full article...
Friday, August 24, 2007
Will Gold Benefit from Calmed or Crippled Confidence? / Commodities / Gold & Silver
By: Julian_DW_Phillips
The gold price has continued to look solid in the $650 area. Confidence in the banking, not just the mortgage system was given quite a blow last week. The $ rallied, but is in the process of turning down again. What lies ahead and why? Here are some of our views, which were published in the latest edition of the Gold Forecaster last week. These views are now being expanded there, with a closer look at the two types of "liquidity" supply.Read full article... Read full article...
Friday, August 24, 2007
Gold Rallies to $662 as Calls Mount for US Rates Cut; Foreign Investors Reduce Bond Holdings / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES moved sideways in London on Friday morning, dipping to an AM Fix of $659.75 before rising to touch $662 per ounce by lunchtime.
"People are nervous and not sure how gold is going to react," says Matthew Turner, an analyst at Virtual Metals. "It depends so much on the outside market.
Read full article... Read full article...
Thursday, August 23, 2007
Gold and Stocks Rise on Fed Interest Rate Cut Expectations / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES rose to a one-week early Thursday, gaining $2.50 from the previous night's US close and recording a Morning Fix of $662.25 per ounce in London
Gold leasing rates also rose strongly, hitting their highest level since Nov. 2003, as London 's largest bullion banks demanded a greater rate of return for lending their gold over the coming 12 months.
Read full article... Read full article...
Tuesday, August 21, 2007
Gold Recovers Early Dip After "Black Monday" Hits US Bonds; European Banks Fail to Sell Key Loans / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES pulled back after rising into the London opening on Tuesday, recording a Morning Fix of $655.50 before recovering $3 per ounce as European stock markets gave back their own early gains.
"The rebound in equities [has] helped support gold," reckons Wallace Ng at Fortis Bank in Hong Kong . "We also saw a bit of physical demand coming in this morning."
Read full article... Read full article...
Monday, August 20, 2007
Gold Starts Week Unchanged as Crude Oil Falls , Further Fed US Interest Rate Cuts Expected / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES dipped before rebounding early Monday, recording an AM Fix in London of $658.50 per ounce, virtually unchanged from Friday's US close.
"Some people are still afraid there might be more bad news ahead, and liquidity in the gold market is poor because most of the traders are not back from their summer holiday," said Ng Cheng Thye, head of Standard Bank's precious metals desk in Singapore , to Bloomberg earlier.
Read full article... Read full article...
Sunday, August 19, 2007
Gold and Silver Caught in Credit Crunch Downdrift / Commodities / Gold & Silver
By: Roland_Watson
At the time of writing this, the Dow Jones Industrial Average is down 9% from its record closing high of 14,000 set on the 19th of July. Since then, fears over defaulting sub-prime funds spilling into main markets has had large numbers bailing out of higher risk assets into the relative safety of government bonds and cash.Read full article... Read full article...
Saturday, August 18, 2007
Gold and Silver Analysis - Precious Points: Gold Got Sold, but Should You Hold? / Commodities / Gold & Silver
By: Joe_Nicholson
It's not at all likely that the credit crunch which plagued the markets last week will be resolved when trading on Monday resumes. But … it appears the Fed is sensitive to the market and will continue providing liquidity as needed, virtually on demand. The pace at which … the Fed is able to remove the billions of new dollars from the money supply, if at all, will largely determine the direction for metals in the coming weeks. All that is reasonably certain is that if the liquidity situation only deteriorates from here, which would probably have to occur before a rate cut is truly on the table, precious metals, along with most assets, will suffer in the short run. ~ Precious Points: Bernanke the Maestro , August 11, 2007Read full article... Read full article...
Saturday, August 18, 2007
Weekly Gold and Silver Technical Analysis Report - 18th August 2007 - Technically Precious with Merv / Commodities / Gold & Silver
By: Merv_Burak
Scary? Maybe, but we've been there before. $21 (or 3%) drop in gold price is not so unusual. What next? Let's take a quick look at where we've been and see if we can guess what to expect ahead.
Who's Panicking?
It's just my unsophisticated guess as to who has been panicking these past few days but it looks like the panicky people are in two classes. First are the commentators and media personalities. They doth not knoweth of what they speaketh off most of the time. The second are the industry professionals, you know the kind, those that continually advise you to look at the long term and not at the short term fluctuations. They are often the first to panic during short term troubles.
Read full article... Read full article...
Friday, August 17, 2007
Gold Bounces as European Stocks Rally; Asia-Pacific Ends the Week 10% Down / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES rose at the London opening on Friday, recovering the overnight bounce above $653 before slipping to $651.56 per ounce by lunchtime – a little more than 1% above Thursday's low.
European stock markets also rose despite a torrid session in Asia , bouncing 0.7% on average as London 's FTSE regained 1.4% and France 's Cac 40 put on 0.9% from Thursday's close.
Read full article... Read full article...
Thursday, August 16, 2007
MPTrader - Gold Losing Luster But Not Yet Violating Support / Commodities / Gold & Silver
By: Mike_Paulenoff
After a week of exhibiting great relative strength, spot gold prices -- and with them the streetTRACKS Gold Shares (NYSE: GLD) -- finally caved in to the intense selling pressure exerted by "the liquidators": those managers and investors who bailed out of the precious metals to raise cash, likely to meet anticipated margin calls, etc…or merely to preserve capital during very tumultuous times.Read full article... Read full article...
Thursday, August 16, 2007
Gold Bounces as World Stock Markets Slide; "No Bid" for Asset-Backed Derivatives / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES ticked lower during a torrid session for Asian and European stock markets early Thursday, avoiding the worst of the current sell-off in financial assets to record a Morning Fix of $664.15 per ounce in London . Read full article... Read full article...
Wednesday, August 15, 2007
Private Investors Moving into Gold - Autumn in August? / Commodities / Gold & Silver
By: Adrian_Ash
"...In a credit crunch, it's often said, cash is king. In which case, gold's just been crowned emperor..."
AT LEAST THE weather here in London suits the markets. More like October than August, the constant drizzle is broken only by chill gusts of wind, rattling the windows like a late autumn gale.
Read full article... Read full article...
Monday, August 13, 2007
Gold Analysis - How Asia Saved America - Maybe! / Commodities / Gold & Silver
By: David_Vaughn
Doesn't that chart below look sweet?
Of course I am optimistic. But I will admit that my optimism is built on a foundation of strong favorable fundamentals. And what you are observing below is one of those strong fundamentals acting in over drive. And so be it. I will not stand in its way.
Reading an interesting book, “How the Irish Saved Civilization,” Thomas Carhill. The premise of the story is that as the Roman civilization was crumbling one Irish man through a gargantuan effort began preserving western civilization for modern posterity. And of course the irony is that the Irish were the least civilized of that era yet they played an important and life preserving role in preserving ancient civilized knowledge, technology and literature.
Read full article... Read full article...
Monday, August 13, 2007
Daily London Gold Market Report - Chinese Inflation Data Bullish for Gold / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES slipped against the US Dollar early Monday, opening the week in London just shy of last week's start around $671 per ounce as global equity markets rose in response to fresh injections of cash from the world's leading central banks.
"Despite the recent sell off in gold from fund managers attempting to raise capital to cover margin calls on loss making positions in their portfolios, the yellow metal should bounce back and react positively given the amount of cash being fed into the global markets," says today's note from Standard Bank.
Read full article... Read full article...
Sunday, August 12, 2007
Gold and Silver Analysis - Bernanke the Maestro / Commodities / Gold & Silver
By: Joe_Nicholson
“The credit crunch panic has worked to the benefit of the metals and those who own them, but blindly relying on this to continue without any sort of correction is a risky bet. Another successful retest of the 5-week moving average, currently below $670, would further solidify the strength of the current uptrend.
“The Fed will attempt to placate what is approaching outright panic in some circles and will feel compelled to amend the language of its statement, but ... will resist an outright rate cut for as long as possible, though it will very likely continue quietly expanding bank reserves to mitigate damage to the system and spur liquidity.” ~ Precious Points: Tough Love from Bernanke and Co? , August 5, 2007
Read full article... Read full article...
Sunday, August 12, 2007
Weekly Gold and Silver Technical Analysis Report - 12th August 2007 - Technically Precious with Merv / Commodities / Gold & Silver
By: Merv_Burak
You'll sleep better at nights if you just focused on the intermediate or longer term trends. As an example, both moving averages of gold remained positive as did the price momentum indicator. Not yet time to panic from the perspective of these time periods.
GOLD : LONG TERM
Despite the volatility in the price action the long term P&F chart has not moved. I'll forgo any analysis of the P&F chart this week. You can go to last week\s commentary which remains unchanged.
As for the normal indicators, these have also changed very little. Gold is still above its long term moving average line and the line is still slightly pointing upwards. Price momentum is still in its positive zone but has been showing weakness versus price action for some time. The volume indicator remains below its trigger line and the trigger is still sloping downward. The volume indicator is the one indicator that has gone negative and has been negative for most of the past few months.
Read full article... Read full article...
Saturday, August 11, 2007
The Aborted Plan to Sell Italian Gold / Commodities / Gold & Silver
By: Julian_DW_Phillips
Sales of gold by European Central Banks are primarily for the adjustment of national reserves in terms of structure or size. They are not intended under the rules of the European Union, intended to pay the bills of the governments of Europe, so when the subject came up, after a consistent record of the Bank of Italy's refusal to even contemplate the sale of the country's gold reserves, everyone was surprised. The reality was suddenly the government of Italy wanted to put their hand into the country's coffers in an exercise that would never have solved the country's debt problems.Read full article... Read full article...
Friday, August 10, 2007
Volatility in the Commodities Bull Market / Commodities / Gold & Silver
By: Aden_Forecast
The commodity markets were bubbling this past month. Oil, lead, wheat and the CRB index closed at record highs and tin reached an 18 year high, driven by China 's fastest growth since 1994.
Volatility then set in as the subprime woes affected the commodity markets, but China and the world's demand for raw materials is the key to the ongoing bull market rises. Double-digit growth in China and a global economic boom of unprecedented proportions will continue to support the base metals, raw materials and precious metals for years to come.
Read full article... Read full article...