Category: Gold & Silver
The analysis published under this category are as follows.
Thursday, September 18, 2008
Gold's Safe-Haven Status Confirmed / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF PHYSICAL GOLD rose to $880 an ounce early Thursday – more than $100 above Wednesday's US opening – as world stock markets bounced on a "liquidity injection" of $242 billion from the big central banks, led by the Federal Reserve.Wednesday's sudden 10% jump in Gold came after the US Treasury said it had recapitalized the Federal Reserve's own balance-sheet with $40 billion.
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Thursday, September 18, 2008
Gold Largest One Day Price Rise in History / Commodities / Gold & Silver
By: Mark_OByrne
Gold and silver surged yesterday with gold up $69.30 to $847.30/oz and silver up $1.11 to $11.59/oz. Gold surged by 8.9% to $847.30 (silver +10.6%) at the close in New York and continued to surge in electronic trading to over $870/oz. Asian trading saw the surge continue and gold traded as high as $893/oz. Gold subsequently fell prior to rising to some $870/oz as markets began trading in London. These are unprecedented movements and gold rose from a low of $780 to a high of $893 or more than 14% in less than 24 hours. There is some confusion but some analysts say this is the largest one day dollar price move since 1980 and some saying the largest ever.
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Wednesday, September 17, 2008
Gold Upside Acceleration on Fears of Banking System Collapse / Commodities / Gold & Silver
By: Mike_Paulenoff
The big picture in the SPDR Gold Shares (NYSE: GLD) shows today's powerful upside acceleration from 77.00 to 82.00 amidst very strong and confirming underlying daily momentum RSI readings. The pattern, momentum, and pervasive fear that the US banking system has been compromised is fueling the run into gold and gold stocks, at least for now. My next optimal target zone in the GLD is 83.50-84.50.Read full article... Read full article...
Tuesday, September 16, 2008
Gold Market Bull or Bear? / Commodities / Gold & Silver
By: David_Vaughn
A Carnegie Mellon Professor gave what turned out to be his last lecture this past year. Professor Randy Pausch died just this last summer of cancer. His last lecture achieved remarkable attention. More than he ever expected. His principle theme in the lecture was advice to college students about how to pursue their career and attain their personal goals. The lecture was one of the most powerful given concerning offering hope and optimism. The message seemed to ignite over the Internet ultimately being heard by millions. Professor Pausch said that the lecture was primarily a message to his children to give them their fathers' testimonial before dying of cancer that he had been fighting for two years.Read full article... Read full article...
Tuesday, September 16, 2008
Gold Rises as Stock Markets Tumble / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES recovered an early 2.1% tumble on Tuesday, rising above $780 an ounce as Japan's Nikkei stock index closed almost 5% lower after Tokyo traders got back to work following a public holiday on Monday.
The Japanese Yen shot 3% higher on the forex market as "carry trade" debts – used to fund better-paying trades outside zero-interest-rate Japan – were pulled home in response to the weekend's demise of Lehman Bros. and Merrill Lynch, plus the ongoing threat of collapse at Washington Mutual and AIG.
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Tuesday, September 16, 2008
Gold and Silver Safe-havens in Face of Global Financial Meltdown / Commodities / Gold & Silver
By: Mark_OByrne
Gold and silver rallied Monday as the crisis on Wall Street worsened with gold up $21.70 to $782 and silver up 28 cents to $11.02. Gold fell slightly in Asian trading but has risen in early European trading to $780/oz. Gold's resilience is impressive considering the bloodbath seen in the oil pits where oil has fallen another 4% to below $92 per barrel (Light Sweet Crude Oil Future - Combined - OCT08). Other non currency commodities have also fallen sharply.
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Monday, September 15, 2008
Gold Spikes as Central Banks Unleash Emergency Funding / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES jumped 2.6% at the Asian opening on Monday but drifted back to $770 an ounce as world stock markets sank and money fled into government bonds following the overnight demise of two Wall Street giants.Lehman Brothers – a major player in the commodity futures market – filed for Chapter 11 bankruptcy just as the London Stock Exchange opened for business today, driving the FTSE100 share index more than 3.4% below Friday's close.
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Monday, September 15, 2008
Has SIlver 50% Price Crash Hit Bottom? / Commodities / Gold & Silver
By: Clive_Maund
It is not for nothing that silver is called "poor man's gold" for when the going gets tough it's the poor who disappear first under the wheels of the rich man's carriage. Thus, while the commodities rout has resulted in gold dropping by about a quarter from its highs, silver has plunged by a staggering 50%. In the last update we thought it had bottomed at about $12.30 as it was so oversold, but after a brief recovery rally it fell even further to an intraday low at about $10.20 on Thursday, hammered lower by continued dollar strength. Now, however, with signs that gold has hit bottom, or is about to, and good reasons to believe that the dollar is topping out, as set out in the Gold Market update, the savage decline in silver looks to have about run its course. Read full article... Read full article...
Sunday, September 14, 2008
Gold Extremely Oversold Suggests Imminent Bottom / Commodities / Gold & Silver
By: Clive_Maund
A confluence of factors suggests that we have just seen the bottom in gold and silver, or if not that the bottom is very close. The last update called the bottom too early as renewed dollar strength resulted in another downleg in the metals. After the recent heavy losses it may come as something of a surprise to many that the long-term chart for gold still looks positive, with the drop looking like a fairly normal correction.Read full article... Read full article...
Saturday, September 13, 2008
Gold Boxed-in Wating for Bullish or Bearish Breakout / Commodities / Gold & Silver
By: Merv_Burak
Tuesday took all of the steam out of the two week rally but then that was it. The rest of the week was basically a lateral drift. More downside or continued upside? Let's see.
GOLD : LONG TERM - The week's activity still did nothing for the long term. The P&F chart continues to be bearish and the indicators are all in the negative zone. On the long term the rating remains BEARISH until some more significant market action takes place.
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Friday, September 12, 2008
Commodities and Oil Bull Markets Crushed / Commodities / Gold & Silver
By: Zeal_LLC
After starting to recover a bit in mid-August, commodities have just been crushed in September. Selling is overwhelming and universal, shattering countless technical support lines. Investors' capital is being destroyed at a breathtaking rate. Fears are running very high and the financial media is gleefully declaring that “the commodities bubble has burst”.
Being heavily invested in this commodities bull myself, the intense selling in the last couple of weeks has indeed been painful. From the blizzard of e-mails I've received, it's apparent that even long-time investors are losing faith in this bull's longevity. As always during such a brutal hammering, capitulation is tempting. That's our natural human instinct when the markets move against us fast and hard.
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Friday, September 12, 2008
Gold Bounces on Building Treasury Bonds Deflation Trade / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES for physical metal rose steadily overnight in Asia and London on Friday, bouncing 2.8% from yesterday's 11-month low to touch $758 an ounce as world stock markets also ticked higher.Crude oil struggled above $102 per barrel despite Hurricane Ike strengthening as it heads for the oil-rich Texas coast.
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Friday, September 12, 2008
Gold Very Oversold, US Dollar Very Overbought / Commodities / Gold & Silver
By: Mark_OByrne
Gold was down again yesterday and fell to new 11 month lows at $742. Gold recovered in afterhours electronic trading and in Asian and early European trading today it has risen to over $755/oz. The dollar has fallen from recent highs against the euro of 1.3879 to less than 1.41 and oil has risen again on fears that Hurricane Ike may do more damage than expected to oil production facilities in the Gulf of Mexico.Read full article... Read full article...
Friday, September 12, 2008
Gold $2,000 an Ounce What Happened? / Commodities / Gold & Silver
By: INO
To many it is quite surprising that gold is getting closer to 700 an ounce rather than the 2,000 many were calling for. When gold was trading at the 1,000 level many people were expecting this market to zoom to 2,000 an ounce. When we first suggested that gold had actually given us a sell signal we received numerous e-mails, many of which were not flattering and some were just downright ugly. "How could you short gold are you an imbecile" and that was one of the nicer emails.
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Friday, September 12, 2008
Gold Price Manipulation or Deflationary Crash? / Commodities / Gold & Silver
By: Richard_J_Greene
The relentless selling we have seen over the past month in precious metals was kicked off by the manipulative interventions occurring right around the time of the Fannie Mae and Freddie Mac implosions in mid-July. Unprecedented short selling by two major banks in the futures market along with waves of naked short selling of resource stocks pushed indices and stocks through technical support on charts. Yamana Gold, which is one of the most successful gold companies saw short interest rise 72% in the first two weeks of August (without counting all the naked shorts). There is no reason to short this stock; it has been a star performer. Many investors have given up and portfolio managers that haven't given up are now forced to sell due to redemptions. These investors believe that the market is telling them a message and don't realize it is not a market message but a heavily controlled manipulation to make them believe so and to dupe them out of their positions. Read full article... Read full article...
Thursday, September 11, 2008
Gold Crashes Through Support on Hedge Fund Selling / Commodities / Gold & Silver
By: Mark_OByrne
THE PRICE OF GOLD fell yet again early in London on Thursday, slumping from an overnight floor of $756 to reach a new 11-month low at $739 per ounce.World stock markets fell for the seventh Sept. session in nine as investors fled all asset classes for cash, dragging Russian equities to a new two-year low and pulling Taiwanese stocks to their worst average since late 2005.
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Thursday, September 11, 2008
Gold Selloff Continues as Hedge Funds Deleverage / Commodities / Gold & Silver
By: Mark_OByrne
Gold's sell off continued yesterday and gold has fallen to new 11 month lows. Gold recovered slightly in Asian trading before a further sell off in early European trading. Gold remains under serious pressure as the dollar's rally has continued with the dollar reaching a 1 year high against the euro of $1.3890. Meanwhile, oil has fallen again and NYMEX sweet crude is now near the psychological $100 level.Read full article... Read full article...
Thursday, September 11, 2008
The Rebirth Of Gold And Silver Bull Market / Commodities / Gold & Silver
By: Roland_Watson
Back in April I wrote an article entitled "The Death of Gold" which suggested a longer term correction was on the cards for gold. I was partly led to that conclusion by the headline article below from The London Times dated 14th March 2008. Three days later gold topped at $1032 and has dropped as much as $773 for a 25% correction. Silver has not surprisingly fared worse with a drop as great as 45% due to its thinner and more volatile markets. Read full article... Read full article...
Wednesday, September 10, 2008
Gold Sinks to Test Critical Support Level / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF GOLD sank in Asia early Wednesday, falling 2.5% from the New York close to bounce off an 11-month low and hold around $774 in the first-half of London dealing.This fresh sell-off in Gold came as world stock markets also fell once again, erasing Monday's "Fannie-n-Freddie" bounce on the back of Wall Street's worst down-day of 2008 so far.
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Wednesday, September 10, 2008
Gold Falls Back below $800 Towards Support at $780 / Commodities / Gold & Silver
By: Mark_OByrne
Gold's sell off continued yesterday and despite mounting concerns about the health of the U.S. financial system, gold has fallen to 11 month lows. After closing below recent support at $780, gold continued to fall in afterhours electronic trading before a slight recovery in Asian and early European trading.Read full article... Read full article...