Category: Gold & Silver
The analysis published under this category are as follows.
Wednesday, July 25, 2007
Daily London Gold Market Report - Gold Falls to Trendline Support on Dollar Rally / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES fell below $680 for the first time in four sessions early Wednesday, sinking 1.3% from Tuesday's peak to dip beneath $677 per ounce – the current trendline of the rally starting in late June.
The severe pullback in gold only came for US investors, however, as the US Dollar bounced hard from a near record-low on its trade-weighted index. Knocking nearly one cent off the Euro inside three hours – and coming on the back of no economic data whatsoever – the Dollar's sharp rally kept the Euro Price of Gold in a tight range around €493 per ounce.
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Tuesday, July 24, 2007
GOLD: What's Next? / Commodities / Gold & Silver
By: Aden_Forecast
The nagging reality that gold's bull market is 6 ½ years old has caused many to think that gold should have a decent correction this year.
Who would've thought in May, 2006 when gold shot up to $722 that a year later gold would have trouble getting near the $700 level? This does sound toppy, but gold is telling us to stay invested.
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Tuesday, July 24, 2007
Gold: Insurance or Risk Asset? / Commodities / Gold & Silver
By: Adrian_Ash
"...Could the trend of gold up, everything else up, have just reached its end...?"
IT TOOK A WHILE for the financial media to catch on. "Gold funds fattened on war, global instability and a falling Dollar in 2003," said USA Today as the next year began.
The paper failed to note that none of those calamities had stalled the equity markets ongoing recovery. "Gold bugs hope that 2004 will be even better," it went on, "but an outbreak of good news could dash those hopes."
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Tuesday, July 24, 2007
ASX XGD Breakout – Gold Rules! / Commodities / Gold & Silver
By: Neil_Charnock
With several key gold stock “break outs” being reported around the globe at present – I have another confirmation for you all – the Australian gold index has broken to the upside as well. Physical gold is a little overbought short term – very short term but I don't expect a deep correction or a long correction just a dip – for now let's look at the companies because they often show strength before physical metals launch. The important 5000 point level has now been broken in the ASX Gold Index – the little known XGD Index (little known even in Australia ) and here is a chart thanks to our friends at Yahoo Finance. You will note the strong RSI level achieved back in April at +80 which warned us this was possible - and now the most important test is the break at the 5000 level.Read full article... Read full article...
Tuesday, July 24, 2007
Daily London Gold Market Report - Gold Demand Remains Strong / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES recovered $683 per ounce by late morning in London on Tuesday, but remained shy of yesterday's 11-week peak $2 higher.
"There is good-sized buying out there with the current market price," said Paul McLeod at Commerzbank in New York to Reuters late on Monday. "We are also seeing the buyers move up their targets a little bit. I think the market will be supported underneath here."
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Monday, July 23, 2007
Gold and Silver Short-term Correction Expected / Commodities / Gold & Silver
By: Roland_Watson
It's interesting times for gold and silver as the dollar bears and bulls fight it out over the 80 level of the US Dollar Index. As expected, gold and silver have risen in opposition to the dollar but the $1.15 move over the month for silver and $40 for gold may be getting long in the tooth. First we look at silver and then check out our gold sentiment indicator, which uses google hits on key gold phrases.Read full article... Read full article...
Monday, July 23, 2007
Gold Breakout - Are You Awake Yet? / Commodities / Gold & Silver
By: David_Vaughn
How about that gold chart below? Does that look like evidence of a crash to you? Give me a break.
Notice anything peculiar in the gold market? If you are real astute you have noticed a predictable oscillation in the gold price this past year or so. This is interesting. This is kind of like looking at a glass half full or half empty. Volatility in a given market can be a good thing or a bad thing.
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Monday, July 23, 2007
Daily London Gold Market Report - Gold Targets Next Resistance at $693 / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF GOLD traded in a tight range early Monday, briefly nearing Friday's two-month high of $685 per ounce before recording the highest Gold Fix in London since May 9th at $683.50.
"Gold seems to be supported at the moment by both the weak Dollar and strong crude," said a Bank of China gold trader to Bloomberg this morning.
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Sunday, July 22, 2007
Gold and Silver Analysis - Precious Points: Good As Gold / Commodities / Gold & Silver
By: Joe_Nicholson
“There is strong overhead resistance in gold, first at $680 and again just below $700, but over the past year every consecutive weekly close above the 5-week moving average has signaled a move to a new high… Silver resistance lies overhead near $13.40 and again just below $14. If we really start rolling, the possible target for this move is near $14.50.” ~ Precious Points: Are Metals Next?, July 14, 2007Read full article... Read full article...
Sunday, July 22, 2007
Weekly Gold and Silver Technical Analysis Report - 22nd July 2007 - Technically Precious with Merv / Commodities / Gold & Silver
By: Merv_Burak
All in all, a pretty good week. The major gold Indices are finally breaking out of their year long lethargy and may be making a dash towards the 2006 highs. Is this the start of something big?Read full article... Read full article...
Friday, July 20, 2007
Daily London Gold Market Report - Gold Short-term Pullback / Commodities / Gold & Silver
By: Adrian_Ash
GOLD PULLED BACK from a fresh nine-week high overnight to hold steady above $676 per ounce during the Asian and early London sessions on Friday.
Trading more than 1.3% above last week's Dollar close, gold for immediate delivery also touched a new one-month high versus both Sterling and Euros before slipping just below £330 and €491 respectively.
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Thursday, July 19, 2007
Daily London Gold Market Report - Gold Rallies to 8 Week Peak / Commodities / Gold & Silver
By: Adrian_Ash
GOLD PRICES rose nearly 1% by mid-morning in London on Thursday, reaching $673 per ounce by the Morning Fix – the highest fix in US Dollars since May 14th.
Priced against Euros, gold hit a one-month high at €486.90 per ounce, and the metal was rose 0.8% from Wednesday evening against the Pound Sterling. Fixed at £328.18, the metal then rose further as the Pound slipped on the currency markets.
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Thursday, July 19, 2007
Gold Shines on Further Secular US Dollar Weakness / Commodities / Gold & Silver
By: Ashraf_Laidi
The dollar resumes its broad sell-off as Chairman Bernanke's speech and the Fed's central tendency forecasts present no real deviation in the existing negative dollar flows, which have escalated in the Asian session following Bear Stearns' announcement on its sub-prime hedge funds. The secular deterioration in the US dollar is highlighted via the 5% increase in gold prices over the past 2 ½ weeks. Gold today is surging by $8 per ounce to $674 per ounce, its highest level in 2 months.Read full article... Read full article...
Wednesday, July 18, 2007
Daily London Gold Market Report - Gold Forecast $1400 by 2015 / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES rose steadily throughout the Asian session on Wednesday, hitting a new high for the week above $669.90 before slipping to $667.75 per ounce at the AM Fix in London – the highest Fix since June 7th.
Global stock markets fell sharply, meantime, knocking 1.1% off the Nikkei in Tokyo and shaving 0.7% off the FTSE in London .
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Tuesday, July 17, 2007
Daily London Gold Market Report - Gold Slips Below $665 / Commodities / Gold & Silver
By: Adrian_Ash
GOLD SLIPPED nearly $2 per ounce during the first-half of London trade on Tuesday, nearing the US open below $665, its lowest price since Thursday.
"The Dollar is still the main driver of gold prices and there will be a set of important data points this week which may influence the Euro/Dollar exchange rate and hence gold," reckons Michael Widmer, director of research at Calyon Bank.
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Monday, July 16, 2007
Daily London Gold Market Report - Immediate Trend Uncertain / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF GOLD barely moved early Monday, trading in a $1 range before rising to break $668 per ounce as the US open drew near.
"Overall trading is not that great, and I don't see buying interest from Indonesia ," said a bullion dealer in Singapore to Reuters. "Demand from Thailand is still OK because of the Thai baht."
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Monday, July 16, 2007
Gold Outlook For the Week Ahead - Gold Consolidation Expected / Commodities / Gold & Silver
By: Nadeem_Walayat
Gold rallied strongly during the week to key resistance above $670 which now threatens to end the corrective downtrend from $698 that has seen gold fall to a low of $641 three weeks ago.
Gold Outlook
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Sunday, July 15, 2007
Weekly Gold and Silver Technical Analysis Report -15th July 2007 - Technically Precious with Merv / Commodities / Gold & Silver
By: Merv_Burak
Nice little rally in the precious metals but for now the emphasis is on the “little”. Rallies happen, longevity is rare. Let's take a closer look.
U.S. DOLLAR INDEX
Before going into a gold analysis, a few words about the U.S. Dollar Index shown here two weeks ago. Over the past two weeks the $ Index has moved lower and is sitting right on top of its indicated P&F support, at 81. As mentioned, it has been here several times in the past 20 years with significant rallies following. Only once had it dropped below this P&F support but then only for a couple of short weeks. Looking at a daily futures chart we see that the dollar is below the 81 level, more than half way towards the 80 level. Momentum is negative and the volume action seems to suggest that no one likes the $. What should we expect if the $ should drop decisively below support?
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Saturday, July 14, 2007
Gold and Silver Analysis - Are Metals Next to Explode to New Highs? / Commodities / Gold & Silver
By: Joe_Nicholson
The turning gears of Bernanke's beautiful machine continue to sound like music to the ears of precious metals investors! Given the repeated testing and holding of the 50-week average in gold on Friday, this will remain the important level to watch for confirmation of the short term rally. ~ Precious Points: The All's Well That Ends Well , July 14, 2007
Stocks exploded to record highs on Thursday and Friday, but metals were mostly left behind. The suggestion is that the move in stocks was less related to fundamentals and more to sentiment, with a short squeeze in equities driving a rally that overlooked gold and silver. But now with gold confirming two weekly closes above the 5-week moving average, the metals could be heating up for their own run at new records.
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Friday, July 13, 2007
Gold Entering Strongest Seasonal Rally Period - Gold Bull Seasonal's 2 / Commodities / Gold & Silver
By: Zeal_LLC
Investment and speculation are ultimately the world's greatest probabilities games. Traders exist in a realm of constant uncertainty, where capital must be deployed today well before the unknown future arrives. To increase the odds of success for any trade, traders should only deploy when probabilities swing way into their favor.
So it is not surprising that virtually all financial-market analysis is designed to help deepen our understanding of the underlying probabilities governing the markets at any time. The whole gamut of research approaches from fundamental to technical to sentimental ultimately boils down to gaming whether or not today is a high-probability-for-success opportunity to buy or sell.
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