Category: Gold & Silver
The analysis published under this category are as follows.
Friday, November 07, 2008
Investors "Accumulating Gold" as Recession Hits / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES held steady again early Friday, recording an AM Gold Fix in London of $745 an ounce and standing 1.5%, 3.6% and 0.7% higher from the end of last week against the Dollar, Sterling and Euros respectively."We are now at a lower range," said William Kwan, head of bullion trading at Gold Capital Management in Singapore, to Reuters earlier.
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Friday, November 07, 2008
Is Gold Decoupling from Crashing Stock and Commodity Markets? / Commodities / Gold & Silver
By: Mark_OByrne
Gold continues to consolidate between $700/oz and $760/oz and looks set to rechallenge $800/oz in the coming days as safe haven buying reemerges on continuing concerns regarding the global financial system and economy.Gold was down marginally yesterday (some 1%). It surged after the Bank of England's massive interest rate cut of 150 bps but more counterintuitive trading was seen as gold was aggressively sold by US investment banks on the COMEX who did not appear to want to see gold surging above $760/oz and aggressively defended this position.
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Thursday, November 06, 2008
Gold Steady as UK Slashes Interest Rates to 57-Year Low / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT MARKET PRICE of Gold held steady in London on Thursday morning, trading just shy of $745 per ounce as world stock markets sank to a one-week low and UK interest rates were slashed to their cheapest level in more than five decades."The bears are back in full control," says Walter de Wet at Standard Bank in Johannesburg, "after bulls across the globe realized that current economic problems cannot be voted away.
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Thursday, November 06, 2008
Gold Retraces Following Post Election Profit Taking / Commodities / Gold & Silver
By: Mark_OByrne
Gold gave up some of the Election Day gains yesterday on profit taking due to sharply lower oil (WTI $Dec down $5.23 to $65.30) and commodity prices ( the CRB Commodities Index fell 10.25 to 267.97) on fears of significant demand destruction due to a protracted global recession. Silver was the exception and was more robust and continued to rise after the previous day's sharp gains.Read full article... Read full article...
Wednesday, November 05, 2008
Gold Choppy as Investors Review the Obama Bounce / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF GOLD slipped back from an overnight high of $769 per ounce in London on Wednesday, while European stock markets reversed one-third of Tuesday's "Obama Bounce" after the president-elect's US landslide was confirmed.The UK's FTSE100 index lost 1.3% on new data showing the manufacturing sector suffering its worst contraction since 1980.
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Wednesday, November 05, 2008
Brien Lundin: Is Gold Holding a Wild Card? / Commodities / Gold & Silver
By: The_Gold_Report
As difficult as it may be for precious metals investors to sit on their hands, that may be the best “action” for surviving this hazardous transition from deflationary to inflationary times. In this exclusive interview with The Gold Report, Gold Newsletter Editor Brien Lundin explains why it is absolutely inevitable that inflation will trigger a rise in gold and hints that a December “surprise” could end the waiting game. While his advice is to let this round of deleveraging and deflation end before making any serious plays, he names a few bargains that stand out even in a downturn. Read full article... Read full article...
Wednesday, November 05, 2008
President Obama Inherits Great Challenge akin to Carter and Roosevelt / Commodities / Gold & Silver
By: Mark_OByrne
Gold and silver both surged some 4% yesterday from oversold levels as the dollar weakened and oil surged. We said some weeks ago that the recent sell off in precious metals was likely to end around election day and believe that this has indeed happened and that gold will resume its secular bull market in the coming weeks. Important elections often see markets reverse course and witness trend reversals and this is one of the most momentous election victories in US history.Read full article... Read full article...
Tuesday, November 04, 2008
Gold Jumps as America Votes / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF GOLD jumped into the Wall Street opening on Tuesday, adding to an overnight rally and touching a 5-session high of $745 an ounce as European stock markets rose for the seventh-day running.The US Dollar slipped back ahead of today's presidential election, losing 2.5¢ to the Euro and reversing half of Monday's gains vs. the Pound Sterling.
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Tuesday, November 04, 2008
Gold Holds Steady Amidst Continuing Deflationary Pressures / Commodities / Gold & Silver
By: Mark_OByrne
Gold was up marginally yesterday despite further strength in the dollar and a further sharp fall in the oil price. Deflationary pressures continue to be prevalent and central banks internationally continue to aggressively cut interest rates in an effort to stimulate credit growth and inflate their way out of a possible Depression.Read full article... Read full article...
Monday, November 03, 2008
Gold Rally Stalls Despite Bail-Outs Sparking Huge Monetary Inflation / Commodities / Gold & Silver
By: Money_Morning
THE PRICE OF GOLD rose 2% early Monday, briefly touching $739 an ounce before slipping back as world stock markets continued to struggle after suffering their worst month in 21 years.Crude oil slipped again, while the US Dollar and Japanese Yen held steady on the currency markets after October's record surge, when "all the trades that worked well for the past five years went badly very quickly," as one Citigroup strategist put it to Reuters this morning.
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Monday, November 03, 2008
Gold Near Low as Massive Physical Demand Continues / Commodities / Gold & Silver
By: Mark_OByrne
Gold and silver have risen in Asian and early trading in Europe today. Last week saw gold fall some 1.4% while silver rose 4.9%. The performance of the precious metal mining shares may be an indication that we are at or near a low in this sell off as the HUI and XAU mining indices were up sharply last week - up 14.4% and 14.95% respectively. They tend to be a leading indicator of a trend reversal in the precious metals. Read full article... Read full article...
Friday, October 31, 2008
Eric Lemieux: Gold's Behavior Flies in the Face of Every Theory / Commodities / Gold & Silver
By: The_Gold_Report
In an exclusive interview with The Gold Report, Eric Lemieux, metals and mining analyst with Laurentian Bank Securities, describes gold's inexplicable descent as a violation of market fundamentals. Eventually the worsening supply deficit will energize the precious metals sector and when it does, he believes the junior explorers will be well positioned to benefit. He focuses on the emerging mineral wealth of the James Bay area of Quebec and discusses his favorite explorers. Read full article... Read full article...
Friday, October 31, 2008
Gold and Stocks End October With Huge Loss of Value / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD BULLION PRICES bounced from $725 an ounce early Friday, nearing the month's end nearly 10% down against most major currencies – including the Dollar – as world stock markets reversed this week's rally.Read full article... Read full article...
Friday, October 31, 2008
Gold Falls on Comex and Futures Selling Despite Huge Demand / Commodities / Gold & Silver
By: Mark_OByrne
Gold continues to surprise to the downside on the Comex and the futures markets in spite of huge physical demand, increasing supply issues and surging premiums on bullion products. Read full article... Read full article...
Friday, October 31, 2008
Silver Investing When Everyone Else is Panicking-Party Time…. Let's Celebrate! / Commodities / Gold & Silver
By: Investmentscore.com
When it comes to investing, does the title “Party Time…. Let's Celebrate!” sound counter intuitive right now? This title is the most opposite/contrarian and therefore it is likely the most appropriate title we could think of at this time. Why? Read full article... Read full article...
Friday, October 31, 2008
Silver Production Falls by 70%? / Commodities / Gold & Silver
By: David_Morgan
This headline should grab anyone's attention, especially those interested in the silver market. Before going forward, let me explain that fully 70% of silver is produced as a result of mining other metals, mostly base metals. Copper mining, for example, is responsible for 28% of the silver mined in 2007. Lead/Zinc mining yielded 32% of the silver mined in 2007. Finally, gold mining brought about 10% of the silver mined, again in 2007. All data is from GFMS World Silver Survey 2008, page 31. Read full article... Read full article...
Thursday, October 30, 2008
Gold to Explode Higher Following Mutual Debasement of World Currencies / Commodities / Gold & Silver
By: John_Browne
Despite the fact that the governments of the G-7 nations have injected some $3.5 trillion into their financial systems to prevent a meltdown of the world's financial system, stock markets are still reeling. With some stocks down by over 60 percent, many investors already have been through a disastrous erosion of wealth. The declines have not occurred in just a few days as they did in 1929. Rather, Government interventions, regulatory changes and bailouts have drawn out the fall in prices over a long enough time period to make it feel like a slow water torture. Read full article... Read full article...
Thursday, October 30, 2008
Gold Dips, Stocks Jump Despite US Recession Data / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT PRICE of physical gold slipped from a seven-session high for Dollar and Yen investors at the New York opening on Thursday, as world stock markets extended a four-day rally despite confirmation that the US economy has joined the UK in sliding towards recession.Read full article... Read full article...
Thursday, October 30, 2008
U.S. Inflationary Interest Rate Cut Bullish for Gold / Commodities / Gold & Silver
By: Mark_OByrne
Gold rose nearly 2% yesterday as the Federal Reserve decreased the fed funds rate by 50 basis points to 1.00%. Other central banks internationally are also slashing interest rates and there is increasing speculation that the Bank of England and the ECB may cut interest rates aggressively as early as this week and possibly even today in an effort to prevent international financial contagion causing a sharp global recession.Read full article... Read full article...
Thursday, October 30, 2008
Gold Insurance Against Continuing Financial Meltdown / Commodities / Gold & Silver
By: David_Vaughn
Wow! Are you excited?
The entire world is going through a generational and even a once in a hundred year cyclical change right before our eyes and we are witness to these historical events. All of these gold and financial sites for over 10 years have been predicting that this financial meltdown was coming.
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