Category: Gold & Silver
The analysis published under this category are as follows.
Tuesday, September 09, 2008
Investors Panicking Out of Gold is Not the Answer / Commodities / Gold & Silver
By: Chris_Galakoutis
Watching the US markets, including the dollar, rally of late in light of the stream of horrific economic news, including this past weekend's announcement of a historic US government bailout of Fannie Mae and Freddie Mac, was sort of like watching Barry Bonds chase down Hank Aaron's all-time baseball home run record last year.Read full article... Read full article...
Tuesday, September 09, 2008
Gold Trades in Narrow Range Despite Supply Shortfalls / Commodities / Gold & Silver
By: Mark_OByrne
After initial falls, gold has rallied in morning trade in London as the dollar has given up some of its recent sharp gains. Gold's rise comes despite the further fall in oil prices but gold remains firmly in its recent narrow range between $780 and $840.Read full article... Read full article...
Tuesday, September 09, 2008
Physical Gold for Sound Money and Trustworthy Governments / Commodities / Gold & Silver
By: Dr_Ron_Paul
Last week I discussed how sound money contributes to peaceful relationships around the world. It is not gold, in and of itself that excites me, but the many benefits of sound money. Another benefit is financial security.Read full article... Read full article...
Monday, September 08, 2008
Intraday Spot Gold Trading with GLD ETF / Commodities / Gold & Silver
By: Chris_Vermeulen
Today was another one of those great days for a spot gold trade using the free intraday charts by Kitco. I'm not sure if anyone watched the free Kitco 24 Hour Spot Gold Chart which is shown below but I watch it like a hawk. It doesn't take long to get a feel for how gold moves through out the 24hr day. Once you get a feel for it and see the same things happen every week opportunities start to pop up on the radar.Read full article... Read full article...
Monday, September 08, 2008
Driving Forces for Gold for the Rest of 2008 / Commodities / Gold & Silver
By: Michael_J_Kosares
"The next Fourth Turning is due to begin shortly after the new millennium, midway through the Oh-Oh decade. Around the year 2005, a sudden spark will catalyze a Crisis mood. Remnants of the old social order will disintegrate. Political and economic trust will implode. Real hardship will beset the land, with severe distress that could involve questions of class, race, nation, and empire." -- William Strauss and Neil Howe, The Fourth Turning , 1997 Read full article... Read full article...
Monday, September 08, 2008
Gold Battered by Fannie, Freddie Nationalization / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT PRICE OF GOLD whipped violently in Asian trade on Monday, shooting 1.8% higher after the US government nationalized the massive Freddie Max and Fannie Mae mortgage lenders, before giving back $10 of that move to trade at $808 an ounce by lunchtime in London. World stock markets leapt and government-bond prices fell, meantime, pushing the German Dax index almost 3.4% higher as 10-year Bund yields rose one-tenth of a per cent to 4.10%.
Read full article... Read full article...
Monday, September 08, 2008
Nationalisation of Fannie and Freddie is Bearish for US Dollar, US Stocks and Economy / Commodities / Gold & Silver
By: Mark_OByrne
Gold surged at the open in Asia with news of the de facto nationalisation of the US' mortgage giants in what amounts to the largest bailout in world financial history. It has since given up some of these gains in early trading in Europe due to more counter intuitive dollar strength which looks increasingly overbought.Read full article... Read full article...
Sunday, September 07, 2008
Gold & Silver Long-term Bearish Trend Continues / 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.
Read full article... Read full article...
Saturday, September 06, 2008
US Unemployment Report Saves Gold ...but for how long? / Commodities / Gold & Silver
By: Chip_Hanlon
Friday morning's huge surge in jobless numbers has knocked the dollar, thus causing gold to pop up nearly $20 as I write this near the open. The conclusion's simple enough: such economic weakness will prevent the Fed from raising rates anytime soon (Fed funds futures now suggest only a 2% chance the Fed will raise rates by year-end, down from 40% odds just one month ago).Read full article... Read full article...
Friday, September 05, 2008
Central Banks Drowning in US Dollar Seek to Expand Gold Reserves / Commodities / Gold & Silver
By: Adrian_Ash
"...My God, this is the time. If everyone wants gold we're all going to be ruined, because there is not enough gold to go around..." – J.F.K. to the Fed chairman, Aug. 1962
ONCE UPON A TIME money meant gold (and ever less silver), freely exchanged between private individuals looking to buy and sell, invest and spend.
Read full article... Read full article...
Friday, September 05, 2008
Poor US Unemployment Report Boosts Gold / Commodities / Gold & Silver
By: Mark_OByrne
Gold rose sharply soon after the poor unemployment report as the dollar fell and equities have again come under pressure with sharp falls in international markets.Read full article... Read full article...
Friday, September 05, 2008
Gold Fails to Hold Above $800 in the Face of US Dollar Strength / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES struggled below $800 per ounce in Asia and London on Friday, heading towards a 5% loss for the week as the US Dollar rose yet again versus everything else except Treasury bonds.Crude oil dipped towards $106 per barrel, while the Australian Dollar – a key "commodity currency" – hit new 12-month lows.
Read full article... Read full article...
Thursday, September 04, 2008
Gold Stocks Bull Market and Crash Analysis / Commodities / Gold & Silver
By: Neil_Charnock
This is Part 2 - Big Bang – big bang for your buck – isn't that what investors want? Yes we all want the ten bagger or better. But where is one going to come from next. As I said in the first article – Big Bang Part 1. “Haven't the easy pickings already been taken this far into the PM Bull? After all the low hanging fruit has been taken hasn't it? You can see that from the charts on the HUI and the XAU can't you? That is not to say these magnificent indices will not go higher but I am talking about the easy pickings and leverage.” Read full article... Read full article...
Thursday, September 04, 2008
Gold Bull Market to be Boosted by Paralysed Central Banks / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES gave back half of a 1.6% rally at lunchtime in London on Thursday, trading at $809 per ounce as crude oil prices rose and global stock markets fell once again.Asian-Pacific equities slid for the fourth day running, while German stocks stood 0.8% lower after the European Central Bank (ECB) kept Eurozone interest rates on hold at 4.25%.
Read full article... Read full article...
Thursday, September 04, 2008
Gold Range Trades Pending Bull Market Resumption / Commodities / Gold & Silver
By: Mark_OByrne
Gold was flat in New York yesterday despite the increasingly bullish macro environment. Gold closed at $803.40 down $1.20 and silver closed at $12.92 down 12 cents.
Gold rose in early trading in London but has subsequently given up some of the gains as the dollar has rallied again (1.4456 to the EUR).
Read full article... Read full article...
Wednesday, September 03, 2008
Gold Undergoing New Bearish Consolidation / Commodities / Gold & Silver
By: Mike_Paulenoff
The near-term pattern and technical set-up earlier this morning in spot gold -- which corresponds to the SPDR Gold Shares (NYSE: GLD) for ETF traders -- pointed to an upside thrust to test key near-term resistance at $810.65 concurrent with a test of key near-term euro/$ resistance at 1.4450/80. While the euro did rally a touch above 1.4480, the rally did not sustain, which helped to thwart the rally attempt in spot gold, which failed to claw its way above $810.00. Read full article... Read full article...
Wednesday, September 03, 2008
Strong US Dollar Blasts Gold to Below $800 / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT PRICE of physical gold sank below yesterday's two-week low early in London on Wednesday, dropping to $790 before bouncing to $801 an ounce as Western stock markets fell sharply.US Treasuries rose, pushing real yields after inflation almost 2% into the red on the 10-year bond, while the Euro slipped below $1.44 on the currency markets – a fresh six-month low.
Read full article... Read full article...
Wednesday, September 03, 2008
Gold Slide Continues Despite Soaring Inflation and Unprecedented Demand / Commodities / Gold & Silver
By: Mark_OByrne
Gold fell in early trading in London on further falls in oil prices ($108.24 a barrel - Light Sweet Crude Oil Future - Combined - OCT08) and on the continuing rally in the dollar (reached 1.4386 to the Euro) but gold has recovered some of its early losses.
Concerns regarding the outlook for corporate profits internationally and for the health of the global economy is weighing on stock markets and should lead to safe haven demand for gold as it did in the first year of the credit crisis.
Read full article... Read full article...
Tuesday, September 02, 2008
Gold Used as Political Weapon Could See Bounce Back above $900 / Commodities / Gold & Silver
By: Captain_Hook
Gold is a political metal, where to this day its primary movements are still governed more by politics than any other factor taken in the proper light. You see it's all about the dollar ($), and it's role as global hegemony, where post World War II its imposition as the world's reserve currency was in effect de facto / soft colonialism and economic domination. So, gold's rise since 2001 is actually the measure of global de-colonization in effect, with recent actions taken by Russia in Georgia an acceleration of the trend. That's right, and while Russia may not have the ‘superpower' status it was credited with up until the Union's fall, which accelerated with the dismantling of the Berlin Wall in 1989, it has been re-organized under Putin into a regional power of strategic (perhaps supreme with its energy related stranglehold on the rest of Europe) importance, both economically and militarily once again.Read full article... Read full article...
Tuesday, September 02, 2008
Gold Follows Crudes Slide Lower / Commodities / Gold & Silver
By: Mark_OByrne
In light Labour Day trading gold fell yesterday as Hurricane Gustav did not impact the Gulf of Mexico as severely as had been expected.
Gold has continued to fall in trading in London as oil prices have continued their recent slide and are down nearly 5% to near $105 a barrel (Light Sweet Crude Oil Future - Combined - OCT08) and the dollar has risen to a 7 month high against the euro (below $1.45) and the US dollar index has risen to a 10 month high.
Read full article... Read full article...