Category: Gold & Silver
The analysis published under this category are as follows.
Friday, July 11, 2008
Gold Soars on Rumours of Imminent Israeli Attack on Iran Nuclear Facilities / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES came within one dollar of a 15-week high early Friday in London, jumping 2.6% from yesterday's low as European stock markets fell for the sixth time in nine sessions.Crude oil prices meantime shot $4 to a new record high of almost $146 per barrel after the Jerusalem Post quoted Iraqi sources saying that Israel is practicing and preparing air strikes on nuclear sites in Iran .
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Thursday, July 10, 2008
Gold Rally Approaching Key Resistance / Commodities / Gold & Silver
By: Mike_Paulenoff
As we speak the streetTRACKS Gold ETF (NYSE: GLD) is pushing up against a 3-month resistance plateau around 93.30/40, which if hurdled should trigger upside acceleration of the March-July rounded base-like pattern. All of the action between March and July represents a correction that turned out to take the form of a high-level rounded base formation as well, which is exerting intense upward pressure on a series of rally peaks that occurred since March. If (when) hurdled, the GLD should accelerate towards 99-100.Read full article... Read full article...
Thursday, July 10, 2008
Gold Jumps as European Equities Sink / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF GOLD leapt 1% to a one-week high at the US opening on Thursday while oil prices struggled near $136 per barrel and European stock markets caught up with the S&P's latest 2% drop.The Dollar was little changed against the Euro and British Pound, despite news of a 53% jump in US home foreclosures last month from June '07.
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Thursday, July 10, 2008
Gold Homing in on $1000 Barrier as Stocks Deliver Zero Growth over Last 10 Years / Commodities / Gold & Silver
By: Mark_OByrne
Gold finished trading in New York yesterday at $926.30 , up $ 5.40 and silver was up to $18.07 , up 23 cents . Gold rose again in the New York Globex electronic market and in early trading in Asia and has remained firm in early European trading .With geopolitical risk remaining high and financial risk elevated (as seen with U.S. financial stocks yesterday experiencing their largest one day fall since the start of the current financial crisis nearly a year ago - meaning that the benchmark S&P 500 is officially in a bear market) gold is again receiving safe haven and inflation hedging investment flows which is resulting in higher prices.
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Thursday, July 10, 2008
Gold's Underlying Truth and Dow Jones Potential to Fall by 75% / Commodities / Gold & Silver
By: Brian_Bloom
As a reasonably intelligent man of 61 years of age, this analyst is not unmindful of the fact that his recent preoccupation with the wisdom of the Ancients has been raising eyebrows – if not questions as to his sanity – amongst regular and (previously?) loyal readers. What possible linkage could an understanding of the Ancients have with investment and making money?
Those who have been puzzled may rest assured. I have not been going off with the pixies. There are solid reasons; and one of these reasons flows from the fact that, in today's markets, everyone and his brother is a technical analyst.
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Wednesday, July 09, 2008
Gold Corrects After Recent Bullish Run as Iran Tests Long-range Shahab-3 Missile / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT PRICE OF GOLD gave back a 1% rally in London on Wednesday, trading $20 per ounce below this time last week as crude oil managed only a slight bounce on news of an Iranian missile test.Already subject to international sanctions over its nuclear research program, Tehran said today it successfully fired a Shahab-3 missile overnight, capable of reaching Israel.
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Wednesday, July 09, 2008
Gold Forecast to Rise to £1,800 (GBP) / Commodities / Gold & Silver
By: Mark_OByrne
Gold finished trading in New York yesterday at $920.90 , down $ 5 and silver fell to $17.8 4 , down 1 cents . Gold again traded down in the New York Globex electronic market and in early trading in Asia prior to rallying in late trading in Asia and and early European trading back above it's opening price in New York yesterday . Read full article... Read full article...
Wednesday, July 09, 2008
The Indian Gold Train is Leaving the Station ... / Commodities / Gold & Silver
By: Alex_Wallenwein
Indians who sold their gold in 2007 to buy stocks are now paying out the wazoo for their gross misjudgment. In January of 2008, the Bombay Stock Exchange fell by more than 4,000 points. It is now a full 8,000 points short of its January 8th peak, Read full article... Read full article...
Tuesday, July 08, 2008
Gold Volatile as Bear Market Grips Stocks / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF GOLD surged and then fell back in yet more volatile trade early Tuesday, regaining all of yesterday's 1.9% drop before slumping $14 per ounce.
The Gold Price then picked up again as world stock markets sank, oil prices ticked below $140 per barrel, and government bonds rose further.
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Tuesday, July 08, 2008
Grim Economic Outlook Drives Gold and Equities Lower / Commodities / Gold & Silver
By: Mark_OByrne
Gold finished trading in New York yesterday at $925.90 , down $6 and silver fell to $17.85 , down 43 cents . Gold then sold off somewhat in the New York Globex electronic market before rising again in Asian and early European trading to over $930 per ounce. A lessening likelihood of a military confrontation with Iran contributed to the fall in oil and gold's slight sell off.Read full article... Read full article...
Monday, July 07, 2008
Silver Short Positions Fallacies / Commodities / Gold & Silver
By: David_Morgan
I recently read an “advotorial” suggesting silver to be a fantastic investment, and I could not agree more. However, the author was stating that all short positions have to eventually be covered with physical silver and that when this took place there would be a price explosion.
It is a fallacy that all short positions have to be covered and the shorts will have to buy silver to cover. First, to state that all positions have to be covered is misleading; a position can remain open for a very long time, because as the contract becomes due, it can be rolled over. Technically, it is not the same position, because when it is “rolled forward,” it is a different month and involves a different contract, but basically the contract is moved out to a later date. This rolling takes place all the time in the futures markets.
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Monday, July 07, 2008
Gold Drops 2% from Post-Bear Stearns High / Commodities / Gold & Silver
By: Adrian_Ash
PHYSICAL GOLD BULLION PRICES fell hard in Asia and London early on Monday, dropping almost 2% from Friday's 15-week closing high – their best level since peaking above $1,000 per ounce as the Federal Reserve stepped in to rescue Bear Stearns in mid-March.Crude oil futures dropped more than 1.5% to dip below $143 per barrel, almost 2.3% below the most record high, hit last Thursday.
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Sunday, July 06, 2008
Gold's Technical Buy and Sell Signals / Commodities / Gold & Silver
By: Brian_Bloom
Short term buy signals are being given by the gold share indices
- This, in context of medium term sell signal for gold itself, with a price target for gold at $780 an ounce
- This, in context of a long term buy signal and a visible price target of $1400 an ounce
Sunday, July 06, 2008
Profit from the US Fed Inflating the Commodities Bubble / Commodities / Gold & Silver
By: Martin_Hutchinson
U.S. Federal Reserve Chairman Ben S. Bernanke ignored the warnings of most economists last week, and kept the benchmark Federal Funds rate at 2%, far below the actual rate of inflation.
As a result of this non-move, investors can probably look forward to having global commodities boom to continue for at least a while longer.
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Friday, July 04, 2008
Gold vs. the World Chart / Commodities / Gold & Silver
By: Adrian_Ash
Olivia & Tatiana Van Vredenburch write: "...Take a look at this Global Gold Index, showing the price of gold against the world's top 10 largest currencies..."
BACK IN 1969 the International Monetary Fund (IMF) created a new kind of money – the ultimate form of international money, it believed – called the Special Drawing Right.
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Friday, July 04, 2008
Inflation Fuse has Been Lit, Protect Your Wealth With GOLD / Commodities / Gold & Silver
By: Money_and_Markets
Larry Edelson writes: First things first: Your family and your health. With a long holiday weekend coming up, enjoy both!
Then, when you get back on Monday, I want you to make darn sure you have plenty of gold in your portfolio. Why? Because your wealth is at stake. The Federal Reserve has lit the inflation fuse, and is bound and determined to devalue the U.S. dollar even more than they already have.
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Friday, July 04, 2008
Gold Hold Recent Advance in Thin European Trade / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES drifted in thin trade on Friday, bouncing off yesterday's low at $930 per ounce as crude oil ticked down and the US Dollar held flat after Thursday's 1.2% jump. New York was closed for the long Independence Day weekend." Gold is still holding onto its recent extreme gains very well," noted the Mitsui team here in London this morning.
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Thursday, July 03, 2008
ECB Interest Rate Hike Sends US Dollar High and Gold Lower / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES recovered an overnight dip early in London on Thursday, re-touching this week's two-month highs as crude oil broke new all-time records near $146 per barrel and the Dollar fell after the much-expected Eurozone rate-hike.
As flagged by European Central Bank members since April, the ECB in Frankfurt today raised its overnight lending rate to 4.25%, widening the Euro's advantage over US Dollars to 225 basis points.
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Wednesday, July 02, 2008
Gold Short-term Delta Cycle Turning Points for July / Commodities / Gold & Silver
By: Ronald_Rosen
Our governments through their ignorance, stupidity, or just plain corruption for political purposes have delayed the full expression of the gold cycle until very near the end of the cycle. This means to the highest probability the price of gold will soon begin to explode to the upside. The only thing the delaying actions by governments and various banking authorities have produced is a monumental explosion in the gold price in order to meet the deadline of assigned time i.e., “ There is an appointed time for everything. And there is a time for every event under heaven.” Ecclesiastes 3:1Read full article... Read full article...
Wednesday, July 02, 2008
Gold Retreats on Credit Market Systemic Risk / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES ticked lower early Wednesday, giving back half of Tuesday's gains to new 11-week highs as crude oil turned higher but Asian stock markets fell yet again.Despite yesterday's bounce in US equities, "the CDX 5-year investment-grade credit spread widened more than four basis points," notes Manqoba Madinane for Standard Bank in South Africa .
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