Category: Gold & Silver
The analysis published under this category are as follows.
Thursday, April 03, 2008
Gold Works Off Oversold Condition Ahead of Next Downleg / Commodities / Gold & Silver
By: Mike_Paulenoff
The strength off of yesterday's low at 86.05 to 88.40 in the streetTRACKS Gold Shares (NYSE: GLD) represents a recovery bounce within an incomplete downside correction that projects into the 83.00 target zone prior to completion. The only question for me is whether or not "the bounce" continues higher to 90.00 prior to the next rollover. My intraday work is telling me that at the very least, the GLD needs more time to work off the near-term oversold condition ahead of the next downleg. I will remain on the sidelines for now.Read full article... Read full article...
Thursday, April 03, 2008
A New Floor in the Gold Price? / Commodities / Gold & Silver
By: Adrian_Ash
"...And here's where the thick red-wax crayon joins the slump of Spring 2008 to the big spike of May 2007..."
AFTER NOTING an historic move higher in the Gold Price last month, maybe we should be wary of picking a bottom today.
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Wednesday, April 02, 2008
A $1 million Wager for Gold Bears / Commodities / Gold & Silver
By: Prieur_du_Plessis
Gold bullion is under water at the moment with the price having dived sharply over the past two weeks. This move has triggered a myriad opinions ranging from the end of gold's 7-year bull market to a mere healthy correction in an ongoing uptrend. But few pundits have as strong a conviction as Jim Sinclair who is putting his money where his mouth is – $1 million smackaroos, to be exact, that the gold price will trade at US$1,650 before the second week of January 2011. Any takers? (Let's hope this is not Jim's version of an April Fool's hoax!)Read full article... Read full article...
Wednesday, April 02, 2008
Gold Recovers as Emerging Economies Scramble to Cap Food-Price Inflation / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF GOLD rose steadily in European trade early Wednesday, adding more than 1% from last night's New York finish as Asian stock markets closed sharply higher.European stock markets held flat, however, while crude oil added one dollar to $101.96 per barrel and short-dated US Treasury bonds bounced higher from Tuesday's sell-off.
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Wednesday, April 02, 2008
Gold and Silver- What's Changed? / Commodities / Gold & Silver
By: Bill_Bryan
The Metals, both Gold and Silver , as well as the entire commodity spectrum in recent sessions have been/are being pounded for hefty losses as crimson litters the landscape.It is apparent that the entire complex now seems to be taking the "elevator down".
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Tuesday, April 01, 2008
Gold Sinks Below $900 on "Panic Selling" of Commodity Investments / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT PRICE of physical gold bullion sank to a two-month low of $889 at the start of London trade on Tuesday, taking the last fortnight's losses to more than 14% before recovering to $897 per ounce.Crude oil recovered $1 after dropping to $100 per barrel, copper futures dropped 2.5%, and soft commodities continued to plunge in what one analyst called "panic selling".
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Monday, March 31, 2008
Gold and a Newer Generation / Commodities / Gold & Silver
By: David_Vaughn
Well, now that gold has surpassed 1,000 an ounce it should be preparing for its dramatic descent. The fact is that the common man has been brainwashed for 20 years that gold is bad and evil. Now that it is over 900 he knows by all his learning that gold should soon drop through the floor. Small investors all around the country are selling their physical gold for paper dollars.Read full article... Read full article...
Monday, March 31, 2008
Silver, Gold and JFK the Last American Hero / Commodities / Gold & Silver
By: Darryl_R_Schoon
hero, def. a man distinguished by exceptional courage and nobility and strength - wordnet.princeton.edu/perl/webwn
Like everything in our past, the late American president, John Fitzgerald Kennedy, exists as a memory. Struck down by an assassin in a decade where bullets—democracy's deadly equalizer—quieted those brave enough to champion change, e.g. JFK, Martin Luther King and Robert Kennedy, President John Fitzgerald Kennedy was a true American hero; and heroes, while a champion to many are, by definition, a threat to some.
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Monday, March 31, 2008
Gold and Silver Bearish Momentum / Commodities / Gold & Silver
By: Merv_Burak
The week started okay but ended on a sour note. It's not the time to panic yet but not the time to plunge in either. One should have well placed stops, relax and watch the action in comfort. Let others tear their hair out worrying what will happen next.
GOLD : LONG TERM
Nothing much has happened in the long term P&F chart so no need to comment on it this week. You may go to archive commentaries for still appropriate P&F analysis.
Sunday, March 30, 2008
Gold and Silver Remain Overbought / Commodities / Gold & Silver
By: Joe_Nicholson
“Notice two important indicators may be showing short term support ahead in gold. Silver may be putting in an internal fourth wave.” ~ Precious Points: What Goes Up…, March 22, 2008
If last week's update said gold could go to $800 and silver to $15 without technically damaging their bull markets, then some might assume the positive price action last week in precious metals must be super-bullish and that it's time to pile back in. But that's clearly not the case, as shown in the weekly gold chart below.
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Sunday, March 30, 2008
Gold Fundamentals Are Being Ignored / Commodities / Gold & Silver
By: John_Handbury
Almost every article on gold seems to be stating that the yellow metal is being bought up due to these troubled economic times. If I hear the words “safe haven” again, I'm going to be sick. In other words, it is proposed that investors will lose confidence in the value of the dollar and revert back to the olden days of bartering in physical goods. Analysts are throwing around ridiculous forecasts for gold of $2,000, $5,000, even $100,000 per troy ounce. Read full article... Read full article...
Saturday, March 29, 2008
Investing in Junior Gold Stocks / Commodities / Gold & Silver
By: Zeal_LLC
“Junior gold stocks” is a three-word expression that for some breeds dismay, trepidation, and anger. But for others it illuminates excitement, opportunity, and profits. Regardless of which camp an investor resides, one thing is for certain. During this fantastic 7-year-running secular gold bull, the junior gold stock realm has been host to a highly-volatile range of sentimental extremes. Read full article... Read full article...
Friday, March 28, 2008
Gold Drops 1.5% as US Core PCE Inflation Falls / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES dropped to a three-session low as the New York opening drew near on Friday after the Commerce Dept. said a key measure of US price inflation dipped last month.The "Core PCE" inflation – which strips out both food and fuel prices, and which is closely watched by the Federal Reserve – rose by 2.0% in the year-to-February, just shy of Wall Street forecasts.
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Friday, March 28, 2008
Gold's Performance as a Safe Haven Asset / Commodities / Gold & Silver
By: Mark_OByrne
Gold has traded sideways to slightly down in Asian and early trading in London this morning. Gold was down 30 cents to $948.80 per ounce in trading in New York yesterday while silver was up 17 cents to $18.49 per ounce. The London AM Gold Fix at 1030 GMT this morning was at $944.50, £473.05 €598.28 (from $948.25, £470.60 and €600.31 yesterday). Thus, while gold was slightly down in euros and dollars it was stronger in pounds with the pound weakening on the deteriorating UK outlook (more below). Read full article... Read full article...
Friday, March 28, 2008
Silver Bull Market Outperforming Gold / Commodities / Gold & Silver
By: John_Lee
In August of 2004, when Silver was $6 and Gold was $380 I wrote the 4 reasons for liking silver more than gold.
- Supply and demand -
Mine production could not satisfy physical demands of either gold or silver. However, I like silver better because most official sectors, such as the US government, have run out of silver. Only governments do nutty things like selling a valuable asset to suppress its price. I trust the private enterprises holding silver stockpiles to be logical (i.e. profit-seeking) participants in the silver market.
Thursday, March 27, 2008
Gold Slips as US Dollar Bounces Despite US Economic Slowdown / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF GOLD slipped 1.1% early in London on Thursday, giving back yesterday's bounce to fall below $943 per ounce as world equity markets ticked higher and crude oil reached a one-week high after a militia attack on Iraq's main oil terminal."The Gold Market at the moment continues to drift sideways," says Mitsui in Sydney . "With quarter-end approaching, the metal's momentum to the upside could well be capped in the immediate term."
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Thursday, March 27, 2008
No Tears for Gold / Commodities / Gold & Silver
By: Michael_Pento
So, the word on the street—both Wall Street and Main Street—is that the rally is over for gold and other hard assets . It's time to look elsewhere for increasing value, right? Actually, we believe the recent sell off is a blip rather than a reversal of a trend, one which will provide an entry point for those who are paying attention.Read full article... Read full article...
Wednesday, March 26, 2008
You Think $1,000 Gold is Important? / Commodities / Gold & Silver
By: Adrian_Ash
"A dead, defunct currency says the world's money supply is about to unleash an awful inflation..."AMID ALL THE BROU-HA-HA over gold hitting $1,000 an ounce for three short days this month, another milestone in this nine-year bull market went completely un-noticed.
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Wednesday, March 26, 2008
Gold Rallies Sharply on Deepening Credit Crisis / Commodities / Gold & Silver
By: Mark_OByrne
Gold was up $16.50 to $934.80 per ounce in trading in New York yesterday while silver was up 70 cents to $17.70 per ounce (see more on silver shortages below) . Gold has rallied in Asian trading and again in trading in London this morning. The London AM Gold Fix at 1030 GMT this morning was at $945.75 £473.68 and €602.01 (from $930.65, £467.24 and €598.57 yesterday).Read full article... Read full article...
Wednesday, March 26, 2008
Gold Bounces on ECB Inflation Warning / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF PHYSICAL GOLD bounced 1.3% into the start of London trade on Wednesday, reaching a one-week high above $948 per ounce as the US open drew near.Global stock markets ticked lower, meantime, and crude oil prices rose 1.6% to $102.85 per barrel.
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