Category: Gold & Silver
The analysis published under this category are as follows.
Friday, July 13, 2007
Daily London Gold Market Report - A Chance to Buy the Dip / Commodities / Gold & Silver
By: Adrian_Ash
GOLD RECOVERED an overnight dip in Asia during the first half of London trade Friday, reaching back above $668 for the fourth time in two days as the US open drew near.
"Sentiment is definitely firm at the moment given the consistent record highs we are seeing on the Euro," says Brandon Lloyd for Mitsui.
"It wouldn't be surprising at all for gold to reach its next target in the mid-$670 area tonight. If the US Dollar does manage to find the strength to recover some of its losses, then gold should find support at $660."
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Thursday, July 12, 2007
Silver Market Update - Silver Gives Major Buy Signal / Commodities / Gold & Silver
By: Clive_Maund
The technical situation for silver closely parallels that for gold and therefore most of the arguments set out in the Gold Market update are applicable to silver. In this update we will therefore confine ourselves to highlighting the important points of difference between the two metals. One important development over the past week or so for silver has been the improvement in its COT structure that has at last given a major buy signal.Read full article... Read full article...
Thursday, July 12, 2007
Gold Market Update - Gold Gearing Up for a Powerful Rally / Commodities / Gold & Silver
By: Clive_Maund
There are several factors coming together now to suggest that a powerful rally in gold is drawing near, and because they are so clear and potent, they do not require a long-winded description.
On the 2-year chart for gold we can see how it has stabilized above an important support level in the $635 - $640 area over the past few weeks. This after having broken below a long-term trendline dating back to mid-2005 that may have caused some to short the metal and who thus must be growing increasingly concerned at the lack of downside follow through, although they are probably finding solace in gold's insipid performance over the past week as the dollar has fallen sharply.
Thursday, July 12, 2007
When Is It Time To "Worry" About Precious Metals? / Commodities / Gold & Silver
By: Investmentscore.com
Let us clarify that we do our best to take the emotional element out of our trading decisions and we do not "worry" about our investments. Instead we pay especially close attention to the markets and our investment decisions at critical junctures. But for expediency we will use the term "worry" in this article.So when is it time to worry? It is our opinion that an investor should pay close attention and possibly "worry" when truly unusual market behaviors, or "anomalies", take place.
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Thursday, July 12, 2007
Daily London Gold Market Report - Gold Rallies to Key Resistance Level at $665 / Commodities / Gold & Silver
By: Adrian_Ash
GOLD PRICES ROSE steadily through the Asian and early London sessions on Thursday, touching $665 per ounce for US investors as the US open drew near.
Gold also recovered more than 0.7% from yesterday's low against the British Pound, but rose more slowly versus the Euro, only just breaking €482 per ounce.
"Funds are shifting more into gold for safe-haven reasons as currencies, stocks and bonds are all volatile now," said Tatsuo Kageyama, an analyst at Kanetsu Asset Management in Tokyo , to Reuters earlier.
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Wednesday, July 11, 2007
Gold: Where to now? / Commodities / Gold & Silver
By: Brian_Bloom
The past month has required extraordinary attention to be paid to the charts as the gold markets have been approaching a decision point.
On June 21 st , 2007 this analyst stuck his neck out by calling for an upside break. (See http://www.321gold.com/editorials/bloom/bloom062107.html )
So far, it has been a fairly nail biting time, but the call seems to have been reasonable. Now what?
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Wednesday, July 11, 2007
GOLD THOUGHTS - Gold Headed to Above $700 / Commodities / Gold & Silver
By: Ned_W_Schmidt
Good news just keeps rolling in. Aircraft carrier Enterprise off on summer cruise to Middle East. Horton has collapsing home sales. S&P and Moody's analysts awake from naps to reconsider ratings on some CDOs. Ten year rate of inflation in U.S. at highest level since 2002. Oil prices moving up. Radical Islamic groups in effort to take control of Pakistan, and its nukes. Israeli general warns time may be running out on halting Iranian nuclear weapon program.Read full article... Read full article...
Wednesday, July 11, 2007
Daily London Gold Market Report - Gold Rallies Whilst Stocks Fall / Commodities / Gold & Silver
By: Adrian_Ash
OLD TRADED $2 above Tuesday's US close in the first-half of London trade on Wednesday, approaching lunchtime just shy of $666 per ounce.
Aside from growing demand for investment gold, "additional buying in gold also comes from the strong support around the $650 level," said Pradeep Unni at Vision Commodity Services in Dubai to Reuters earlier.
"Every time gold slips below $650, physical demand [for jewelry fabrication] is seen to creep in. This has been a trend for the last four months."
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Tuesday, July 10, 2007
Gold Forecaster - Global Watch - A Real Step Forward, in the Opening of Chinas Gold Markets / Commodities / Gold & Silver
By: Julian_DW_Phillips
Over the last few years a lot of reports have described how China's gold markets have been opening up. We have commented in the Gold Forecaster that the changes have been superficial at best , but have laid the groundwork for the eventual opening of the gold market there.
The ‘acid' test will come when the provincial and even rural centers in China have banks/jewelers that sell gold at prices close to if not at the prices to be found elsewhere in the world. With the infrastructural development of China moving at a fast pace now this time is getting closer. A step that precedes this and brings such a situation within reach of the broad Chinese public has now taken place.
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Tuesday, July 10, 2007
Daily London Gold Market Report - Gold on the Cusp of a Breakout / Commodities / Gold & Silver
By: Adrian_Ash
GOLD TODAY held onto Monday's gains early in the London session, hitting $661.15 per ounce at the Morning Fix – the highest AM Fix since June 7th for Dollar investors.
John Reade at UBS in London today advised investors to start buying gold, according to a Bloomberg report, before large speculators build their holdings, perhaps sending prices higher over the coming month.
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Monday, July 09, 2007
Forget The Gold Price! / Commodities / Gold & Silver
By: David_Vaughn
Let's get back to the subject of gold stocks…when do you buy and when do you sell? The million dollar question.
You know I am tired with such a preoccupied absorption of the gold price. Now I don't want to be a hypocrite here because I know I myself often get excited watching gold move higher. That is our natural human reaction to be excited about something climbing, whether it's a possum or a squirrel climbing high into an oak tree. But it is also natural to have a desire for truth and come to an understanding of what matters most when we are talking about making money.
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Monday, July 09, 2007
Gold and Silver Analysis - K30 It All Adds Up – Don't Be Confused / Commodities / Gold & Silver
By: Neil_Charnock
What has been so interesting about the gold and silver markets over the past few months? Very simply there has been massive selling of physical bullion and a massive supply of negative news.
However despite this; we have seen very strong resource share price performance on the ASX and very strong appreciation of the resource currencies – and we have seen relative price stability in the precious metals too. Gold demand has almost met the increased supply as consumers have grown used to relatively higher gold price levels in India and the Middle East . There has been some other significant demand also.
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Monday, July 09, 2007
Daily London Gold Market Report - Fresh funds are flowing into gold / Commodities / Gold & Silver
By: Adrian_Ash
GOLD OPENED Monday in London just shy of Friday's close at $656 per ounce – more than $4 higher from last week's start against the US Dollar – before rising to a five-session high of $657.80 per ounce.
"Fresh funds are flowing into gold as we're in the early part of the third quarter, although the market is still nervous because of uncertainty over the outlook for global interest rates," said Shuji Sugata at Mitsubishi Futures and Securities to Reuters earlier.
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Sunday, July 08, 2007
Gold and Silver Analysis - All's Well That Ends Well / Commodities / Gold & Silver
By: Joe_Nicholson
Previous tests of the 50-week moving average have preceded significant rallies over the past year. Two consecutive weekly closes above the 5-week moving average constitute “confirmation” of a new upleg in the gold bull market… silver tends to exaggerate the trends in gold and… a tentative buying level is beginning to be described. ~ Precious Points: The Beauty of Bernanke's Machine , June 30, 2007Read full article... Read full article...
Friday, July 06, 2007
Gold & Dow Jones Update - Policy Implications / Commodities / Gold & Silver
By: Brian_Bloom
Regular Readers will be aware of the fact that I have recently had the temerity to stick my neck out and call for a strong rise in the Gold price and precious metal related investments.
The two charts below – courtesy Bigcharts.com – are particularly illuminating
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Friday, July 06, 2007
Gold: The Fundamental Rules / Commodities / Gold & Silver
By: Adrian_Ash
"...Asia's booming economies are colliding with its traditional love of gold. If you like unstoppable investment trends, it might pay to take note..."
SO THE FUNDAMENTAL rules still apply in the credit markets then – and complex mortgage derivatives leveraged to the Nth degree still need the original home-buyer to meet his monthly repayments if they're to avoid blowing up.
You might have expected someone at Bear Stearns...then Queens Walk in London...and now Italease in Milan, Italy...to have spotted this simple fact.
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Friday, July 06, 2007
Global Demand for Gold is Increasing - Global Gold 3 / Commodities / Gold & Silver
By: Zeal_LLC
As American investors and speculators in precious metals and their miners, it is really easy to lapse into a provincial perspective. Although the American PM markets are certainly very important, there is a massive world out there beyond our country. The entire populace of the United States represents less than 5% of the world's people, and a similar tiny fraction of potential investors.
We Americans have been incredibly blessed with unparalleled per-capita wealth, and it is great to see other nations around the world thriving economically too. In any country more free enterprise ultimately leads to better standards of living and more surplus capital to invest. Some of this capital will certainly find its way into gold, the ultimate long-term investment throughout human history.
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Friday, July 06, 2007
Daily London Gold Market Report - Gold Under Pressure / Commodities / Gold & Silver
By: Adrian_Ash
GOLD MOVED in a $4 range early Friday, reaching lunchtime in London little changed from Thursday's sell-off at $649.50 per ounce.
"As the metal continually fails to make its mark above the 100-day moving average," says the latest technical analysis from Standard Bank in Johannesburg , "it should remain under pressure in the near term.
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Thursday, July 05, 2007
Daily London Gold Market Report / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES moved gently higher against the US Dollar in London on Thursday, adding $2 per ounce from the overnight start in Asia to break $656 just before the US open.
"People are reluctant to take new positions ahead of New York trade today after the Fourth of July holiday," reckoned Shuji Sugata at Mitsubishi Corp. Futures in Tokyo , to Bloomberg earlier.
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Wednesday, July 04, 2007
Gold Thoughts - Loss of US Manufacturing Means Little Benefit From Depreciating Dollar / Commodities / Gold & Silver
By: Ned_W_Schmidt
Economists spend considerable time fantasizing about a world than only exists in theory. If they become really good at it, they can move on to managing a speculative hedge fund. In that world, fantasizing has been elevated to a new higher level, one that uses computer algorithms.Read full article... Read full article...