Category: Gold & Silver
The analysis published under this category are as follows.
Friday, May 09, 2008
Gold Price Positive Developments / Commodities / Gold & Silver
By: Mark_OByrne
A firm note tracked the Gold price overnight and it is currently $888.90. Closing above $880 adds to that positive tone and the next resistance level stands at $897. The London AM Gold Fix at 1030 GMT this morning was at $887.25, £453.906 and €573.604 (from $872.25, £445.48 and €568.61 yesterday).Read full article... Read full article...
Friday, May 09, 2008
Gold and Silver Bull Market – The Fuse Is Lit! / Commodities / Gold & Silver
By: Peter_Degraaf
Much discussion has taken place in recent weeks, regarding the possibility that gold and silver might continue to sink to lower levels, as the summer doldrums set in.
Investors soon become shell-shocked with negative market analysis that looks at a half-full glass of water and refers to is as ‘half empty'.
Read full article... Read full article...
Thursday, May 08, 2008
Gold- The Only "Win-Win" Investment I know of / Commodities / Gold & Silver
By: Money_and_Markets
Larry Edelson writes: Gold's precipitous tumble from its record-high of $1,038 set on March 17 down to the recent $850 level has lots of people asking, "Is gold's bull market over?"
My answer: No! Not by a long shot!
I know you've been getting an earful from the talking-head ninnies about how the long-running commodity bull is getting short of breath and is about to be put out to pasture. Ignore them.
Read full article... Read full article...
Thursday, May 08, 2008
Gold Rallies on Indian Festive Demand / Commodities / Gold & Silver
By: Adrian_Ash
PHYSICAL GOLD BULLION hit a two-day high of $874 per ounce in thin trade Thursday morning in London, while world stock markets ticked lower and crude oil held just below yesterday's new record high of $123.93 per barrel.Government bond prices rose, pushing the yields offered to new buyers lower.
Read full article... Read full article...
Thursday, May 08, 2008
Gold Marks Time Ahead of US Jobless Claims / Commodities / Gold & Silver
By: Mark_OByrne
Gold traded around the $870.00 mark overnight with silver tracking movements around the $16.60 level. The London AM Gold Fix at 1030 GMT this morning was at $872.25, £445.48 and €568.61 (from $878.00, £446.38 and €565.25 yesterday).Read full article... Read full article...
Wednesday, May 07, 2008
Gold Follows Euro Lower / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF GOLD fell hard early Wednesday in London, losing 1.5% from Tuesday's peak to reach a two-day low as shock data from Germany drove the Euro lower against the US Dollar on the currency markets.Crude oil meantime pushed above $122 per barrel on news of terrorist attacks in Nigeria , the world's seventh-largest producer.
Read full article... Read full article...
Wednesday, May 07, 2008
US Economy No Recovery Whilst Housing Bust Continues- Gold $1200 / Commodities / Gold & Silver
By: Jim_Willie_CB
Once every several months, an opportunity is presented on a silver platter to purchase a spectacular investment in a strong uptrend, with loud indications of continued upward trend in price. Gold is heading well past $1200 and silver is heading well past $25 in the next several months, despite the orchestrated annihilation of honest valid reporting. How many times have the clowns on Wall Street and the financial subservient media networks claimed that the worst was over for the US Dollar, gold, the US Economy, the housing market, and bank bond losses? Read full article... Read full article...
Tuesday, May 06, 2008
Gold Strategy- Buying on the Dips / Commodities / Gold & Silver
By: Ned_W_Schmidt
Wheat price has broken. Rice price has a short-term top. Corn may be topping out. Gold is down. Silver has taken a dive. Housing prices are in the middle of decade long bear market. Yet, oil futures continue to move higher, fueled by margin led speculation. All of that oil action is happening when no shortages of petroleum seem to exist anywhere. Oil price is rising due to 93+% financing of the purchase price of a futures contract.Read full article... Read full article...
Tuesday, May 06, 2008
Gold Follows Crude Oil Higher / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD for physical delivery hit a one-week high at the London opening on Tuesday, unwinding one-third of the last fortnight's 12% plunge as crude oil hit new record highs above $120 per barrel.World stock markets fell, led by banks and home-building stocks, despite Bank of America confirming that it will push ahead with its $4.1 billion purchase of Countrywide, the biggest US mortgage lender.
Read full article... Read full article...
Tuesday, May 06, 2008
Gold Headed for Summer Seasonal Weakness? / Commodities / Gold & Silver
By: Julian_DW_Phillips
The gold market in the past has been seasonal, with the rule being, "Sell in May and go away". This lull in demand usually started in May and lasted until the middle-to-end of August, with the main demand appearing in the final quarter of the year and lasting until the end of May. Will it be the same this year? Bear in mind a big fall has happened already this last month.Read full article... Read full article...
Monday, May 05, 2008
Has Europe Declared War on the US Dollar? / Commodities / Gold & Silver
By: Michael_J_Kosares
Footprints lead to London Market Attack.
Gold suffers Collateral Damage.
When Jean-Claude Juncker, Luxembourg's premier and the chair of Europe's finance ministers, announced on April 23 that "financial markets and other actors [had not] correctly and entirely understood the message of the [recent] G7 meeting," his words went essentially unheeded. The Daily Telegraph's Ambrose Evans-Pritchard put that message in clear language. "[Juncker], he said, "has given the clearest warning to date that the world authorities may take action to halt the collapse of the dollar and undercut commodity speculation by hedge funds."
Read full article... Read full article...
Monday, May 05, 2008
Gold and Silver Update: All That Glitters / Commodities / Gold & Silver
By: Joe_Nicholson
“There's little evidence to suggest anyone actually wants a strong dollar, just a stable currency that will make business more transparent. The wave of inflation triggered by the current easy money policy has only just begun to materialize but, because of the consumer's link to interest rates through their home mortgages, it will be all but impossible for the Fed to make any more than token hikes in their target rate. What's more, because the spread between Fed funds and Libor remains stubbornly wide, it's quite possible the Fed will not be finished cutting rates this week, even if it pauses, as interbank lending continues to be fearful.Read full article... Read full article...
Monday, May 05, 2008
Factors In Defense of Gold / Commodities / Gold & Silver
By: Frank_Holmes
The price of gold has corrected by close to 20 percent since peaking on March 17. If you have been listening to the popular press and business TV, you may be convinced that the gold and commodity “bubbles” have popped.
Once you back away from the day-to-day noise and put things into perspective, we believe this correction in gold, while painful in the short term, is just another pause in a long-term secular bull market. As it has been said, bull markets climb a wall of worry.
Read full article... Read full article...
Sunday, May 04, 2008
Gold Severe Downtrend to Possibly Towards $660 / Commodities / Gold & Silver
By: Merv_Burak
Up, down, up, down, up but in the end the downs have it. For every $5 to $8 that gold goes up it goes down by $20. That's not the way to new highs. For now it looks like the down side is the direction of least resistance but for how long?
GOLD : LONG TERM
With the confirmation of a long term P&F bear market in progress this is what the long term P&F chart looks like now. The two previous lows were breached earlier at the $900 level and the up trend line was finally breached at the $870 level on Wednesday.
Friday, May 02, 2008
The Death Of Gold and Lessons from History / Commodities / Gold & Silver
By: Roland_Watson
A couple of weeks back I put out an article saying that "The Shoeshine Boy" principle may have flagged a major top in the gold market. The Times cover trumpeting gold was published one trading day before gold's $1030 top and is shown below.
Not surprisingly this generated a number of emails from gold bulls which with one exception disagreed to the point of employing four letter words you would not even use against alleged members of a gold cartel. Let me clarify one point, the use of the phrase "Death of Gold" was a play on the phrase "Death of Equities" though some readers thought this meant gold going back to $300 for the next 20 years.
Read full article... Read full article...
Friday, May 02, 2008
Gold Holds Above Four Month Lows Against Increasingly Bullish US Dollar / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES ticked higher from a four-month low early Friday, adding 0.9% to $855.90 per ounce before giving back $3 in London as world stock markets rose sharply and bond yields fell.Read full article... Read full article...
Friday, May 02, 2008
Precious Metals Tumble Ahead of Today's US Non-Farm Payrolls / Commodities / Gold & Silver
By: Mark_OByrne
The sharp sell off in the precious metal markets continued yesterday with gold down $13.80 to $848.90 per ounce in trading in New York yesterday and silver was down 38 cents to $16.12 per ounce. The London AM Gold Fix at 1030 GMT this morning was at $854.25, £429.92 and €551.31 (from $863.50, £434.64 €556.74).Should there be a continuance of the recent trend of dollar strength and oil weakness today then we could see gold test the 200 day moving average at $823.
Read full article... Read full article...
Thursday, May 01, 2008
What's behind the Sharp Slide in Gold and Silver? / Commodities / Gold & Silver
By: Gary_Dorsch
After watching the price of silver soar to as high as $15 /ounce in May 2006, Warren Buffet, the “Oracle of Omaha” offered some sagely words of wisdom. “What the wise man does at the beginning, the fool does at the end. At the start of the party, the punch is flowing and everything's going well, but you know at midnight, it's all going to turn into pumpkins and mice. People think they'll be able to get out just before midnight, but everyone else thinks that too. The problem is that, in commodities there are no clocks on the wall,” Buffet warned. Read full article... Read full article...
Thursday, May 01, 2008
Bear Stearns Rescue Reversed Gold Trend / Commodities / Gold & Silver
By: Christopher_Laird
Gold rallied a great deal, way beyond anything in recent years, as the 07 credit crisis began and spread. Since the explosion of the credit crisis around August 07, gold exploded from the $670s to a $1020s peak mid March. The Fed/Morgan Bear Stearns bailout occurred at that time. Right after, the financials rallied (XLF Spider) and gold has been selling off since. Other commodities also are following. The credit crisis caused a gold and commodity bubble. Read full article... Read full article...
Thursday, May 01, 2008
Gold Tumbles After Fed Interest Rate Cut / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES continued to slide early Thursday, falling below Wednesday's 13-week low to trade at $862.40 per ounce as bond yields ticked higher following yesterday's "baby-step" rate cut from the Federal Reserve in Washington .With continental Europe closed for May Day, the London stock market was little changed in thin trade, while the British Pound held onto its overnight gains vs. the Dollar above $1.9850.
Read full article... Read full article...