Category: Gold & Silver
The analysis published under this category are as follows.Wednesday, August 08, 2007
GOLD THOUGHTS - Rise of Gold Over Paper Equities Continues / Commodities / Gold & Silver
As U.S. mortgage market infrastructure continues in collapse, era of paper assets is fading into history. Last week's chart showed that Gold has provided higher returns than paper assets over past ten years. Today's graph places situation in a longer term perspective. Era of real assets, personified by Gold, is early in a cyclical upswing. Good part is yet to come. Plotted is ratio of US$Gold to S&P 500. When rising, Gold is performing better than paper equities.
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Tuesday, August 07, 2007
Silver Market Update - Gold Outperforming Silver / Commodities / Gold & Silver
The bullish arguments relating to silver are this week almost identical to those set out for gold in the Gold Market update, to which readers are referred , and it only remains to highlight the differences.
Gold has been outperforming silver all year to date, and although this could change anytime, there is no sign of it yet. A recent example is the fact that gold has broken clear out of the restraining “Distribution Dome” shown on its chart, whereas silver has only managed a marginal breakout above its dome pattern. Also, late last week, gold got close to its July high, which silver did not by a margin.
Tuesday, August 07, 2007
Gold Market Update - Crumbling Dollar Increases Chances of Successful Gold Breakout / Commodities / Gold & Silver
The outlook for gold turned decidedly more bullish last week when it broke above the confines of its “Distribution Dome” for the second time in the space of as many weeks. This breakout, which is less likely to fail than the last one did, has once again put gold in position to break strongly above last year's highs, an event made more and more likely - some would say inevitable - by the crumbling dollar.
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Monday, August 06, 2007
Gold Analysis “A Star Rises!” / Commodities / Gold & Silver
Take a look below at gold's Friday price action. Gold is so much like a spring. Every time it finds itself being pushed down it jumps right up again. What you are looking at below is the evidence of a true bull market in action.Read full article... Read full article...
Sunday, August 05, 2007
Weekly Gold and Silver Technical Analysis Report - 5h August 2007 - Technically Precious with Merv / Commodities / Gold & Silver
And away we go. The plunge of the previous week is almost corrected – except for the volume. On the whole, speculators are still leery about this market so the up side is still not a done deal.
GOLD
I find so often that a quick glance at a long term P&F chart quickly tells us where we are in the scheme of things. With the daily ups and down of the gold market one can quite quickly get confused and frustrated wondering where we stand. The chart above tells us we are still in a long term bull market but below previous highs. Although bullish, we are moving laterally within that trend. We have two serious resistance levels to overcome before we can say that we are in a new raging bull market. Those resistance levels are the $690 and $720 levels (keeping in mind that with a $15 unit chart one needs $705 and $735 to breach these levels).
Sunday, August 05, 2007
Gold and Silver Analysis - Tough Love from Bernanke and Co? / Commodities / Gold & Silver
“The extension of the bull market in precious metals may very well still be preparing to get underway… The daily chart shows gold approaching oversold levels on the RSI and first support at the 200-day moving average… An upward move faces overhead resistance at the 5-week moving average, about $664, and the 5-day average at $672. Silver… has a relative equilibrium point around which the white metal may remain bound until the fundamental undercurrents suggesting a new surge in metals are realized.” ~ Precious Points: Precious Mettle , July 28, 2007
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Friday, August 03, 2007
Gold Forecaster A Step Towards a Structurally Higher Gold Price - U.S. Protectionism & Capital Controls / Commodities / Gold & Silver
As the move to keeping what nations have already Protectionism is in full swing. This will inevitably disturb the currency world, who quite rightly will look to something that will protect them from the rising volatility in the currency markets alongside seeping confidence from the U.S $. This 'something' will include gold and gold investments. Both Protectionism and Capital Controls will enter the scene as this happens as testified to by history.
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Thursday, August 02, 2007
Time to take out more Gold as Insurance Against a Financial Market Crash! / Stock-Markets / Gold & Silver
Larry Edelson writes: The market action I've been warning you about — a sharp drop in the Dow down to at least 11,000 — has started. There should be no doubt about that now.
We've recently seen …
The worst U.S. stock market decline in almost five years. Last week marked the S&P 500's steepest weekly drop since September 2003, and it was the worst week for the Dow since March 2003. All this just after I warned you repeatedly right here in Money and Markets that the U.S. markets were headed for a sharp contraction.
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Wednesday, August 01, 2007
GOLD THOUGHTS - Gold Versus Stock Returns / Commodities / Gold & Silver
WE WIN! This week's chart is of ten year returns on $Gold(7.4% compounded annually) and U.S. paper equities(6.1% total return compounded annually). As the chart shows, the place to have had your money for past ten years has been Gold. These results will no doubt be kept a secret from many investors. Many money management activities are about generating fees, not providing performance. Why tell clients they could have earned more money somewhere else? Is that not one grand and glorious graph! We won, and paper asset are in second place. Remember what they say about second place. Second place is first loser! Will CNBC keep this a secret from investors?
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Monday, July 30, 2007
MPTrader - Gold in Bullish Coil Ready to Spring / Commodities / Gold & Silver
Heading into the final session of July, let's have a look at the very big picture of spot gold, which shows that the price structure has gyrated into the nose of a year-long coil pattern, which is positioned in the top 30% of the entire bull phase from the August 1999 low through the May 2006 high.Read full article... Read full article...
Monday, July 30, 2007
Goodbye Gold Bears! / Commodities / Gold & Silver
Our little friend is just racing to prove itself. And prove itself it will and in a very big way. This little friend of ours is a powerful little friend. This little friend eventually is heading much, much higher. Which means our gold stock profits are going to climb and make many wealthy.
A crisis is occurring before us. Gold is rising and getting ever closer to its present ceiling of 700 an ounce. I know for a fact there are many who worship the gold price and the major tenet in their religion is that gold must fall back to 50 dollars an ounce. How bitterly disappointed and shell shocked these fervent gold bear soldiers must be to continue to watch gold strengthen.
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Sunday, July 29, 2007
Precious Metals Analysis - Launching Hummingbirds / Commodities / Gold & Silver
Buy gold and go to the beach: An investment strategy after my heart. So the positive movement in the precious metals markets over the past few weeks was welcome action as the family vacationed at our lake cabin. We were all enchanted by the tiny tenants of a hummingbird nest anchored to a small hemlock in our side yard. Growing vigorously to an overflowing size they were aggressively testing their wings and nearly ready to fly.Read full article... Read full article...
Sunday, July 29, 2007
Weekly Gold and Silver Technical Analysis Report - 29th July 2007 - Technically Precious with Merv / Commodities / Gold & Silver
So, this is what it looks like when you go over the cliff. Danger, professionals at work, do not try this on your own. With a future's volume of over 253,000 on Thursday (the highest daily volume in my 20 years of data), these must be the “professionals” all following the leader like lemmings.
Who's the Boss?
No sooner does one revert back to the bullish side (as I did last week) but the market slaps him on the fingers and shows him who's the boss. The market is just not listening to those of us who would like to see higher gold prices.
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Sunday, July 29, 2007
Gold and Silver Analysis - Precious Metals Take Less of a Beating than Stocks / Commodities / Gold & Silver
“The Fed's approach to monetary policy may force it to cut rates if the subprime and credit issues reduce overall demand for base money… In addition to the technical indicator provided by the 5-week and 5-day moving averages shown above, the fundamental outlook for the intermediate term is based on this potential devaluation of the dollar if the Fed is forced by credit issues to intervene.” ~ Precious Points: Good as Gold , July 21, 2007
“Bernanke's speech was exactly the sort of rhetoric you'd expect from a man prepared to undertake a massive devaluation to try and stave off a credit crisis.” ~ Precious Points: Are Metals Next , July 14, 2007
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Saturday, July 28, 2007
Gold Positive: Iran wants Yen from Japan Not the US Dollar for Crude Oil - Who and what next? / Commodities / Gold & Silver
At the heart of the global monetary system lies the use of the U.S.$ as the currency used to pay for the globe's oil. Any change in that role has a disproportionate impact on the importance of the $ as well as its value relative to the globe's other currencies. If the oil producing nations of the world decided to use other currencies for oil payments then the global monetary system itself is undermined, making gold more attractive and long-term a safer place to hold one's savings.Read full article... Read full article...
Friday, July 27, 2007
Gold Secular Bull Market Versus US Dollar Secular Bear Market / Commodities / Gold & Silver
Over the past couple weeks the financial markets have burst free from their usual summer doldrums to provide some welcome excitement. Prices that have long seemed locked in stasis with trivial daily moves are now witnessing dramatically increased volatility. It is great to see the markets getting interesting again!
While mainstream attention remains focused on the rising amplitude and frequency of down days in the general stock markets, the volatility in the currencies has also accelerated considerably. As a dollar-denominated American investor and speculator riding the secular gold bull, I've found the behavior of gold and the US Dollar Index particularly intriguing lately.
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Friday, July 27, 2007
Daily London Gold Market Report - Gold Bargain Hunting on Pull Back / Commodities / Gold & Silver
GOLD FELL BACK from an overnight rally in Asia during in the first-half of London trade on Friday, giving back $3.50 per ounce to record an AM Fix of $663.50.
"Yesterday's fall in the gold market was a pure reaction to the equities market," reckons Ng Cheng Thye, head of precious metals at Standard Bank Asia.
"This morning we saw a lot of bargain hunting."
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Friday, July 27, 2007
When Is It Time To "Worry" About Our Gold and Silver Investments? - Part 2 / Commodities / Gold & Silver
In part one of this article ( July 12, 2007 ) we established that it may not be helpful to worry about our investments during relatively "normal" market conditions and behaviors. Take silver and gold for example.
- June, July and August regularly means a seasonally weak price action for silver and gold.
- During this time of year investor and commentator expectations and sentiments are generally negative.
- Metals price chart patterns forming which are similar to previous bullish patterns such as 2005 where a year and a half correction preceded a significant price advance.
Thursday, July 26, 2007
Daily London Gold Market Report - Gold Short-term Weakness / Commodities / Gold & Silver
SPOT GOLD PRICES held flat from last night's US close by lunchtime in London on Thursday, pulling back $2 from an overnight spike to trade at $675.50 per ounce.
The metal had earlier closed Hong Kong unchanged at the same level. Gold dealers in the crucial Indian market – where jewelry and investment-bar demand accounted for one ounce of gold in every five sold worldwide last year – reported slower sales after gold's recent rally to 11-week highs against the Dollar.
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Wednesday, July 25, 2007
GOLD THOUGHTS - Gold Above $700 Justified by Fundementally Weak US Dollar / Commodities / Gold & Silver
Let's see if we can sort this out. Bank One invests client money in leveraged CDO fund managed by Bank Two. Bank One lends money to leveraged fund. Leveraged fund collapses to “negligible value” under Bank Two's expertise with CDOs. Clients of Bank One lose their money .Read full article... Read full article...