Category: Gold & Silver
The analysis published under this category are as follows.
Thursday, June 12, 2008
A Primer on the Silver Basis- Putting Loin-Cloth On The Naked Bogeyman / Commodities / Gold & Silver
By: Professor_Emeritus
I started writing this piece as the sub-prime crisis was unfolding. I wanted to establish the connection between the silver basis and the budding banking crisis caused by phony bond insurance schemes and the lack of hedging irredeemable dollar debt with metal holdings. My original title was Putting Clothes on the Naked Bogeyman . As writing progressed I realized that it would take more than one article to dress up the bogeyman; hence the revised title. Read full article... Read full article...
Wednesday, June 11, 2008
US / China Trade Imbalance Driving Dollar Lower and Gold Higher / Commodities / Gold & Silver
By: Adrian_Ash
"...Take a gun-boat and 1,200 tonnes of opium, and America could close its trade gap with China tomorrow..."
DO DEFICITS MATTER? Right around the time that English missionaries produced the first Bible in Chinese, the British Empire found itself with a trickier kind of translation problem.
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Wednesday, June 11, 2008
An Historic Year for Gold... June 2007 to May 2008 / Commodities / Gold & Silver
By: Michael_J_Kosares
July, June, August 2007
- Subprime crisis hits media, discovered to be global
- World central banks inject billions to save financial system
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Wednesday, June 11, 2008
Gold Back to $1,000 on ECB Inflation Busting Interest Rate Rising Plan / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES ticked higher in London trade early Wednesday, recovering 1.3% from yesterday's one-week low as crude oil jumped back to $133 per barrel.Asian equities were mixed after the US Dollar retreated from a new 15-week high against the Japanese Yen above ¥107.70.
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Tuesday, June 10, 2008
Gold Slides as Dollar Bounces on Bernanke's New "Strong Dollar" Policy / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF PHYSICAL BULLION slid further in Asia and London on Tuesday, losing half of the Gold Market 's bounce from last Thursday's three-week low after Ben Bernanke – chairman of the US Federal Reserve – repeated his claim of wanting to fight inflation.Base metal and food prices sank, while crude oil dropped another 0.5% to trade more than $5 below Friday's All-Time Record Oil Price .
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Tuesday, June 10, 2008
Gold Weakens on Another Dollar Dead Cat Bounce / Commodities / Gold & Silver
By: Mark_OByrne
Gold closed at $894.80 in New York and was down 70 cents and silver closed at $17.15 down 22 cents. Both have sold off in Asia overnight and in early European trading this morning.Read full article... Read full article...
Monday, June 09, 2008
Gold Rally Failure Could be the Shorting Opportunity of the Year / Commodities / Gold & Silver
By: Joe_Nicholson
“The rising trendline from the May low will be a crucial support... with the 50-day sma continuing its decline, the convergence at the trendline will create a crucial decision area that could lead to the new lows mentioned here for weeks. Some Fed members have indicated a desire to reverse their rate cuts aggressively, which seems an optimistic outlook. Greenspan's assurances notwithstanding, the possibility remains of the entire mess devolving into a deep recession.”~ Precious Points: Confirmation , June 02, 2008 Read full article... Read full article...
Monday, June 09, 2008
Gold Follows Crude Oil Higher / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES rose sharply at the London opening on Monday, starting the week $20 per ounce above last Monday's start as crude oil dipped from its new all-time highs.
The US Dollar fell hard on the currency market. The Nikkei share index in Tokyo closed the day more than 2% lower.
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Friday, June 06, 2008
Gold Stocks Show Bullish Divergence / Commodities / Gold & Silver
By: David_Morgan
It is impossible to extrapolate anything from a single data point, however careful observation usually pays dividends especially when looking for certain clues that financial markets may signal. Today, Thursday June 5, 2008 I noticed that gold was down on the day and yet gold stocks were up. Silver actually had a rather positive day overall and many silver equities were up two to three percent on the day. Normally, when gold is off even slightly and gold stocks show mild strength it is a result of short covering. In fact this is most likely the cause of today's price action. Read full article... Read full article...
Friday, June 06, 2008
Government Raids and Seizures- How Safe Is Your Gold? / Commodities / Gold & Silver
By: Mike_Shedlock
Minyan "SC" is concerned about gold in safe deposit boxes. Just how safe is it? "SC" asks:
There is a disturbing comment by Jim Sinclair about safe deposit boxes in Britain not being so safe from the prying eyes of the government.
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Friday, June 06, 2008
Gold Correction Over / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE of SPOT GOLD rose more than 1% in London 's morning session on Friday, regaining last week's closing level of $888 per ounce as crude oil added to Thursday's record 5.4% jump.European stock markets held flat, meantime, while corn prices reached new record highs on news of heavy rains and flooding in the US mid-west.
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Friday, June 06, 2008
Gold Supported by Negative Real US Interest Rates / Commodities / Gold & Silver
By: Mark_OByrne
Gold closed at $872.20 in New York yesterday and was down $8.30 but silver closed at $17.07 and was up 23 cents. Both have rallied in Asia and in early European trading.The dollar is flat after yesterday's weakness but oil is up again (another nearly 2%) after yesterday's surge and this is leading to gold buying.
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Friday, June 06, 2008
Silver Conditions Ripe for a Major Uptrend / Commodities / Gold & Silver
By: Clive_Maund
The positive implications of silver's mid-May breakout from a pronounced bullish Falling Wedge downtrend channel have by no means been invalidated by the subsequent rather savage reaction that has got a lot of traders fooled into “thinking grizzly”. In the 1st place a post breakout reaction back to test support at the top of the downtrend channel is quite normal, and secondly the reaction has brought the price back down again to the zone of strong support shown on our 1-year chart, which is now being bolstered by the 200-day moving average rising into it.Read full article... Read full article...
Friday, June 06, 2008
Gold Ready to Begin Next Major Uptrend / Commodities / Gold & Silver
By: Clive_Maund
Gold is now in position to begin its next major uptrend, and in relation to where this uptrend is going to take it, it is considered to be at a very good price right now. According to the “Summer doldrums” crowd who are obsessed with seasonal factors, gold has to wait until August to go up, because everyone is preoccupied with Summer holidays, making the most of the good weather, pursuing pretty girls and looking after unruly kids released from the confines of school etc etc. Oh - is that so? - try telling that to Wall St traders who thought they were safe on the beaches of Long Island with their huge picnic hampers last August. Read full article... Read full article...
Friday, June 06, 2008
It's Not A Dollar Crisis- It's A Gold Crisis / Commodities / Gold & Silver
By: Professor_Emeritus
The title is a bow to Peter Schiff for his admirable article It's Not an Oil Crisis: It's a US Dollar Crisis .
Thirty-five years ago gold, symbol of permanence, was chased out from the Monetary Garden of Eden, replaced by the floating irredeemable dollar as the pillar of the international monetary system. That's right: a floating pillar. The gold demonetization exercise was a farce. It was designed as a fig leaf to cover up the ugly default of the U.S. government on its gold-redeemable sight obligations to foreigners.
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Thursday, June 05, 2008
Gold Continues to Consolidation / Commodities / Gold & Silver
By: Mark_OByrne
Gold closed at $ 880.50 in New York yesterday and was down $1.80 and silver closed at $16.84 and was up 5 cents . Gold initially rose in Asia prior to selling off and has continued to sell off in European trading.Gold continues to consolidate between $850 and $950 but the 200 day moving average at $875 and $850 look like providing strong support given the prevailing macroeconomic climate and the ever important supply demand fundamentals (see below).
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Wednesday, June 04, 2008
Gold Recovers One-Third of "Bernanke Plunge" / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES recovered one-third of yesterday's $18 plunge early Wednesday as crude oil slid to a three-week low and European equity markets dropped 2%, led lower by mining and banking stocks.The Euro ticked higher against the Dollar, regaining a quarter of Tuesday's two cent plunge.
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Tuesday, June 03, 2008
Neutral Dollar is Bearish for Gold / Commodities / Gold & Silver
By: Ned_W_Schmidt
As is readily apparent, the Gold market had been living this past year in those rare best of times. Federal Reserve was on a determined course to lower interest rates. That encouraged selling of U.S. dollar, pushing it down in value. At the same time, a mini mania developed in paper oil market. While no shortage of physical oil could be found, the paper oil market moved higher. Those factors emboldened Gold traders to bid the metal higher.Read full article... Read full article...
Tuesday, June 03, 2008
Gold Lifted Followng Bradford & Bingley Banking Sector Shockwaves / Commodities / Gold & Silver
By: Mark_OByrne
Gold closed at $893.50 in New York yesterday and was up $6.50 and silver closed at $16.87 and was up 4 cents .Gold's rise yesterday came despite little or no movement in the dollar and oil price and seems to have been primarily safe haven buying on continuing concerns about the credit crisis.
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Tuesday, June 03, 2008
Gold Safe Haven Play as Credit Crunch Hits Banks Again / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES slipped 0.5% as the US open drew near on Tuesday after touching yesterday's three-session high of $897 per ounce early in London .The European single currency – celebrating its tenth anniversary this week – also rose to its best level vs. the Dollar since Thursday, hitting $1.5630 on the currency markets.
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