Category: Gold & Silver
The analysis published under this category are as follows.Monday, July 02, 2007
Turning Bullish on Precious Metals / Commodities / Gold & Silver
Gold's divergence since April was and still is troubling. Despite that divergence, multiple different indicators are now signaling that the precious metal sector could be at or approaching a major bottom. Though gold did break its uptrend from October 2006, it has failed to breakdown in a manner that would deem significant its recent underperformance. Another term for a breakdown that doesn't follow through is "shakeout." The converse is when a breakout occurs but isn't sustained.Read full article... Read full article...
Sunday, July 01, 2007
Weekly Gold and Silver Technical Analysis Report -1st July 2007 - Technically Precious with Merv / Commodities / Gold & Silver
Despite a small up tick near the week-end gold is still tracing a slow and steady downward slope. Will it accelerate or come to an end? --- Only THE SHADOW KNOWS (real old timers will remember).
The U.S. Dollar Index
A year or two back I used to review the US $ occasionally, and especially with the P&F chart. I was asked recently why I no longer do so. I had decided to concentrate on gold and silver and so the US $ reviews were just set aside. For old times sake here is the latest P&F of the US $ Index and a brief summary where it's at. The chart and summary are both from a longer term stand point.
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Saturday, June 30, 2007
Gold and Silver Analysis - The Beauty of Bernanke's Machine / Commodities / Gold & Silver
The metals can't be held down forever, but that doesn't mean that there isn't one last blast up the sleeves of their opponents, that even from here or hereabouts there couldn't be another selloff like we saw last September… If the Fed acknowledges … the weaker inflation data this could keep their overall posture in balance and signal a return to the prosperity enjoyed by all markets over the last twelve months. For a while. ~ Precious Points , June 24, 2007 Read full article... Read full article...
Friday, June 29, 2007
Silver Coiled and Ready to Spring / Commodities / Gold & Silver
Back in the middle of April I wrote an article that suggested a price pattern for silver that has not been publicized much. In an often polarized area of debate, it was a position that was neither bullish nor bearish but rather a suggestion that silver would drop into a channel formation prior to its next price explosion. I quote from the article:
Note how after the big drop in April 2004, silver also advanced in a similar fashion to our current moves on a rising trend line until the old highs of $8.50 were nearly taken out in December 2004. However, this trend broke to the downside to begin a channel movement for silver for some months before the true breakout occurred in September 2005.
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Friday, June 29, 2007
Gold Sales - The Reasoning Behind Switzerland's Policy Decision / Commodities / Gold & Silver
The classic question has to be asked again, what is the price of gold? If we answer $xxx, then we have to ask the next question, what is the price of a $?
Is the $ so reliable a store of value that it can be used as a measure of gold? This questions the very foundation of the paper currency system. Can one trust the $ or even the international monetary system? It's all a question of degree.
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Thursday, June 28, 2007
You Would Have Thought It Was a Gold Bull Market! / Commodities / Gold & Silver
There are just an overwhelming amount of bullish factors for gold and silver that are still cleverly being camouflaged so that the fewest possible can see them. From this point forward; remember the words of former Fed Chairman Paul Volker from the 1970's, “the one mistake that I made was in not capping the gold price.”
Do not forget that statement because they did not forget this time and that has created the most incredible investment opportunity for those that see through it that has ever existed. Control and manipulation in precious metals markets has reached a new level of transparency this year in an effort to discourage interest in the precious metals for their traditional investment merits.
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Thursday, June 28, 2007
Gold and Silver Bull Market LIFT OFF / Commodities / Gold & Silver
On Wednesday gold and silver selling exhausted at 640.00 and 12.00
There are a number of bells ringing this morning (AM Thursday), that tell us it's ‘safe to get back in the water'.
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Thursday, June 28, 2007
Precious Metals: Fortune Favours the Brave / Commodities / Gold & Silver
There are times when a dark cloud descends upon us casting a gloomy shadow of doubt over our investment decisions, testing our courage to the point of destruction.
As we write, the price of Gold has dipped to below $640.00 rendering the milestone of $700.00 a little more then a dream we once had. Yes it is tough to see your Gold investment take it on the chin with little or no come back. But are we not forgetting that this is a seasonal event and the month of June is probably the worst there is as the summer time blues weigh heavily on the markets.
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Thursday, June 28, 2007
What's Going On In the Precious Metals Sector? / Commodities / Gold & Silver
The past few days of trading in gold and silver are a great example of why we continually stress the importance of keeping the big picture in perspective. It is difficult not to become emotional when dramatic one day drops catch even the most seasoned investors off guard.
In the short term, strong dramatic price drops strike fear and doubt into our trading decisions. In these situations we are likely to sell out of our well considered investments and bury our heads in the sand as we can not bear to watch. Remember, if trading the financial markets was easy, everyone would be home building wealth and nobody would be working.
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Wednesday, June 27, 2007
GOLD THOUGHTS - Gold Investors Should Be Using This Selling to Add to Gold Positions / Commodities / Gold & Silver
Good morning sheep! All of you with money in hedge funds, that gave money to your alma mater so they could speculate in hedge funds, and that bought BX on offering, the clippers are ready. Shearing of sheep can now start as all sheep are in the pen. This week they closed the gate, and got out the clippers.Read full article... Read full article...
Wednesday, June 27, 2007
The Golden Lunch - Gold, Money or Commodity? / Commodities / Gold & Silver
"...The commodity view of gold fails to explain WHY people buy gold, whether it's rough jewelry in India or investment-grade bars stored in Swiss vaults..."
"LOOK, THERE ARE two schools of thought here – gold as a commodity versus gold as money..."
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Wednesday, June 27, 2007
Silver Looking Weak with High Downside Risk / Commodities / Gold & Silver
As the arguments set out in the Gold Market update are equally applicable to silver, they will not be repeated here, and in this Silver Market update we will only discuss the differences worthy of note.
Whereas gold broke down from its uptrend in force since mid-2005 only this month, Silver broke down from its similar uptrend late in April and early in May. This doesn't actually make much practical difference, for as we can see when the 2-year silver chart and 2-year gold chart are put side by side, where one goes they both go.
Wednesday, June 27, 2007
GOLD Downtrend Continues To Target $600 / Commodities / Gold & Silver
Two months have passed since the last gold analysis was posted Gold Forecast Elliott Wave Analysis of Gold - A Word of Caution for Gold Bulls , which implied an imminent 5th wave peak and trend towards $600.
Now two months on, Gold did make the high just shy of $700 at $698 since which gold has followed a shallow trend lower. Even though Gold broke the major uptrend line in mid May 07, the trend to date continues to be of a corrective nature. Which means that despite being in an immediate downtrend, the long-term gold bull market remains intact. Now gold bulls should NOT take that statement to imply its safe to buy gold today, as you do not buy a falling market!
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Tuesday, June 26, 2007
Gold Market Update - Gold Oversold and Near Support / Commodities / Gold & Silver
We have recently maintained a neutral/bearish stance on gold, which was not unreasonable given the way the earlier advance had petered out and been followed by weakness resulting in the failure of a long-term uptrend line that signaled a change of intermediate trend from up to neutral/down. However, the subsequent lack of downside follow through to break the price below key support at and above its long-term 200 and 200-day moving averages, combined with emerging evidence of significant accumulation of large Precious Metals stocks has justified a review and a shift in stance to neutral/bullish.Read full article... Read full article...
Monday, June 25, 2007
Gold and Silver Analysis - Precious Points : Gold a Threat to the Fiat Currency System / Commodities / Gold & Silver
“So as we continue to tread water in what was expected to be a period of ennui in the metals markets, we'll continue to monitor key support and resistance levels, as well as moves in the bond markets and trends in the Fed's open market activities.” ~ Precious Points: Enjoy it While it Lasts ?, June 17, 2007Read full article... Read full article...
Sunday, June 24, 2007
Weekly Gold and Silver Technical Analysis Report - 24th June 2007 - Technically Precious with Merv / Commodities / Gold & Silver
Gold just can't seem to get any steam for a good rally. Weakness seems to be the direction of least resistance.
GOLD : LONG TERM
Still no movement in the long term P&F chart so the last analysis of 25 May 2006 remains valid, i.e. a long term bull with projections to $780 and then to $915. As mentioned at the time, these projections look like pipe dreams but that's what the long term P&F chart is saying. With the present chart I still need a move to $600 before I can invalidate the bull signal and go to a bear.
Thursday, June 21, 2007
Gold Continues to Strengthen / Commodities / Gold & Silver
Gold does continue to strengthen regardless of what you think.
Below is the action in gold this past Tuesday. Is gold on the verge of crashing? Gold will crash the day the United States pays off all its debts to China and Asia . Will that day come any time soon? Don't think so.
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Wednesday, June 20, 2007
Analysis of the Seasonal Variations in the Price of Gold / Commodities / Gold & Silver
Bargain Buying: Use Seasonal Price Trends to Your Advantage USAGOLD-Centennial Precious Metals
One of the more intriguing curiosities of the current bull market in gold has to do with the annual buying opportunity which seems to crop up in the depths of the summer doldrums.
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Wednesday, June 20, 2007
Gold Thoughts: Continuing Inflation Means Gold will Continue to Outperfom Stocks / Commodities / Gold & Silver
Can double digit inflation exist in the headline number and “core” inflation remain muted? Does the cost of energy and food influence the cost structure of the world? Will China suddenly quit importing oil and food, causing prices to fall?
Will the real world ever become known to the statistically challenged individuals creating government estimates of inflation?
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Tuesday, June 19, 2007
Central Bankers - What's their long-term plan for Gold? / Commodities / Gold & Silver
Last week, the Bank of Switzerland announced that they plan to sell 250 tonnes of gold bullion into the market over the next two years. This comes shortly after news that the Bank of Spain had dumped more than 100 tonnes of the metal and word of additional sales by Belgium.
With the words "global inflation" on the lips of billions of people around the world and a rising price of gold sure confirmation of such, you have to wonder what the long-term plan is for Western central banks and their gold.
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