Category: Gold & Silver
The analysis published under this category are as follows.
Wednesday, March 26, 2008
Gold Healthy Three Leg Short-term Correction / Commodities / Gold & Silver
By: Ned_W_Schmidt
Effectiveness of a central bank can be measured several ways. For investors, that assessment is by return provided by equity capital in a nation and value of the nation's money. This week's chart shows that Federal Reserve deserves a failing grade. Back line is total return, including dividends, of S&P 500 over past ten years. That return has been a little more than 3% per year for ten years, and essentially zero for past eight.Read full article... Read full article...
Tuesday, March 25, 2008
Words of Wisdom - Stay the Course with Commodities / Commodities / Gold & Silver
By: Dudley_Baker
Here's more from that subscriber of ours down in Argentina who we have dubbed 'Crazy Like a Fox' for his insights into the economy, financial markets and commodities and the way he has positioned himself in these troubled times to profit from those insights. Like his previous emails to us which we edited into articles ("Crazy Man's Rant - He's Crazy like a Fox", "A Crazy Man's Rant or Right On - You be the Judge", "Lighten up and Enjoy the Commodities Ride" and "Commodities are for 'Crafty' not 'Crazy' Investors) we have done the same with his latest which we received this past Thursday after the commodities debacle of Wednesday. If his previous 'emails' are any indication you will enjoy and prosper from what he has to say.Read full article... Read full article...
Tuesday, March 25, 2008
Gold Recovers as Stock Markets Stabalise / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT PRICE OF GOLD regained a three-session high early Tuesday, rising 1.1% as London re-opened after the long Easter weekend to touch $936 per ounce – a level first broken at the end of January.Asian and European stock markets meantime turned sharply higher, led by financial shares buoyed by J.P.Morgan's revised five-fold offer for Bear Stearns.
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Tuesday, March 25, 2008
Gold Rallies on Bargain Hunting After Recent Sharp Drop / Commodities / Gold & Silver
By: Mark_OByrne
Gold was down $2.30 to $918.30 per ounce in trading in New York yesterday while silver was up 12 cents to $17.07 per ounce. 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 $930.65, £467.24 and €598.57 (from $913.50, £461.60 and €591.15 last Thursday).Read full article... Read full article...
Monday, March 24, 2008
Silver Violent Correction Towards Buying Territory / Commodities / Gold & Silver
By: Clive_Maund
Although it may retreat a little more over the next week or two, Silver is now at/close to buying territory after its violent correction last week. Much of what has been written in the Gold Market update applies equally to silver and so readers are asked to refer to this information in that update. Read full article... Read full article...
Monday, March 24, 2008
Gold Dramatic Correction Back into Buying Territory / Commodities / Gold & Silver
By: Clive_Maund
Gold is back in buying territory after its dramatic correction back to key intermediate trendline support.
In the last update we were looking for gold to break out above the $1,000 level. It did and briefly got to about $1030 before it turned tail and dropped precipitously. Interestingly, the short-lived run at $1030 occurred last Sunday at the time of the Bear Stearns emergency, and the time when the crisis was at its most acute was the point at which gold topped out, which is what one would expect.
Monday, March 24, 2008
Gold and Silver Analysis- What Goes Up Must Come Down,,,, / Commodities / Gold & Silver
By: Joe_Nicholson
“The current trend now is clearly down as confirmed by violation of the 5-week sma on Tuesday and it should be expected that rallies will be used as an opportunity to further liquidate long positions. And because gold in has moved so far so fast a substantial decline will likely ensue. But it would take a move below $750, that's over 25% from Monday's high, before there's serious damage to the bull market. It may not look pretty between now an then, but until conditions change, the 50-week moving average serves as support for the bull market.” ~ Precious Points: Gold Gets Sold , March 19, 2008Read full article... Read full article...
Sunday, March 23, 2008
Gold Downward Spiral Targeting Primary Up-trendline at $840 / Commodities / Gold & Silver
By: Merv_Burak
What does one say after a week like this past one? Memories of an old movie come to mind and the saying “it was the best of times, it was the worst of times”, then off they went to the guillotine. Those with their heads still intact might eventually benefit down the road.
GOLD : LONG TERM
For those with a long term focus the long term P&F chart suggests that there is still no worry about a bear market. The price of gold would have to drop to the $885 level to break below both a (secondary) up trend line and two previous lows, or more importantly must move to the $840 level to break below the primary up trend line. Should such a break come, that would project down to the $720 level for now, but first things first. Let's check where we are with the normal charts and indicators.
Saturday, March 22, 2008
The US Fed Engineered Commodities Price Plunge / Commodities / Gold & Silver
By: Alex_Wallenwein
The world-wide fiat system functions like a roach motel: Investors check in - but they NEVER check out! By it's latest hit on commodities, the Fed as the system-leader gave investors a shot across the bow. The message: "If you try to leave, we will hurt you!"
("Leaving the fiat system" here means to store your wealth in more tangible forms that are not as susceptible to engineered currency collapses.)
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Saturday, March 22, 2008
Gold Trading has Changed Due to Impact of Gold ETF Holdings / Commodities / Gold & Silver
By: John_Handbury
The introduction of Gold Exchange Traded Funds (GETFs) has changed the fundamental supply and demand dynamics of the gold market. Now goldbugs, rather than crudely storing gold in their basements, can buy shares in companies that actually store the physical gold bars in secure warehouses. Read full article... Read full article...
Thursday, March 20, 2008
Gold Sinks Like a Stone to $906 On Heavy Investment Fund Liquidation / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF GOLD sank as European markets opened for business on Thursday, giving back a 2% rally in Asia to plummet towards a new one-month low, just shy of $906 per ounce.Bouncing more than 12% beneath Monday's all-time record high of $1,034, the Gold Market then rallied to record an AM Fix in London of $913.50 per ounce – its lowest level since Feb. 18th.
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Wednesday, March 19, 2008
Gold Gets Sold / Commodities / Gold & Silver
By: Joe_Nicholson
TTC members were told Thursday morning we could be “hours or days” from a top in gold. The top actually printed two trading days later on Monday, when front month gold futures moved briefly above 1030 and sold off, producing a bearish reversal candle on the daily chart below.Read full article... Read full article...
Wednesday, March 19, 2008
Credit Crisis Hits Gold As Margin Calls Hit Investment Funds / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD and gold futures prices sank as the US open drew near on Wednesday, falling almost 3% to bounce off a seven-session low as oil prices and soft commodities continued to tick lower and European stocks climbed back from an earlier 1.2% drop.In Australia a major real-estate investment fund today faced a A$30 million margin call (US$27.9m), reports the Herald Sun, while the highly-geared Wesfarmers fund denied rumors it could only re-finance an outstanding US$3.7 billion private-equity debt at 4% above prevailing cash rates.
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Wednesday, March 19, 2008
Gold Healthy Consolidation Following US Interest Rate Cut / Commodities / Gold & Silver
By: Mark_OByrne
Gold was up $2.20 to $1003 per ounce in trading in New York yesterday while silver was down 30 cents to $19.89 per ounce. In illiquid electronic trading after the Federal Reserve cut interest rates by 75 basis points, very counter intuitively gold fell in value by nearly 2%. With gold already up by more than 19% so far this year (some 10 weeks), consolidation is healthy and to be expected.Read full article... Read full article...
Tuesday, March 18, 2008
Gold to Sell off to $940 on US Interest Rate Cut Decision / Commodities / Gold & Silver
By: Mike_Paulenoff
Big day for gold and the streetTRACKS Gold Shares (NYSE: GLD) because just about everyone believes that the Fed will cut rates 75 to 100 bps, which will crush the dollar and trigger another upleg in gold. My technical work argues differently -- that the GLD has peak and that "good news" will be sold at the top of the Jan-Mar channel, and the GLD will traverse towards the lower portion of the channel, now in the vicinity of 94.00. Read full article... Read full article...
Tuesday, March 18, 2008
Gold Recovers and Stocks Bounce Ahead of US Interest Rate Cut / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES ticked higher vs. both the Dollar and Euros in London on Tuesday, gaining more than 1.3% from an overnight dip against each currency as global stock markets bounced after Monday's shock losses.By lunchtime in London – where the AM Gold Fix was set nearly $20 below Monday's record of $1,023.50 per ounce – the MSCI World Index stood 0.9% higher to show its first gain since Wednesday last week.
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Tuesday, March 18, 2008
Gold Strong as Safehaven in the Face of Worst Financial Crisis since 1987 Crash / Commodities / Gold & Silver
By: Mark_OByrne
Gold was up $2.10 to $1000.80 per ounce in trading in New York yesterday while silver was down 25 cents to $20.36 per ounce. Gold surged on the open in Asia yesterday and reached a new record high ($1030.80 per ounce). Subsequently, with U.S. stock markets miraculously recovering, gold succumbed to profit taking and ended the day only slightly higher.Read full article... Read full article...
Monday, March 17, 2008
Gold Jumps 3% as Panic Selling Hits Banking Stocks / Commodities / Gold & Silver
By: Adrian_Ash
PHYSICAL GOLD PRICES leapt more than 3% at the start of world trade on Monday – and the US Dollar and Asian stock markets sank – on news that the Federal Reserve will today start lending directly to New York investment banks to "bolster market liquidity and promote orderly market functioning."
The Gold Market then gave back half of its early gains to $1,015 per ounce, while European equities lost more than 3% from Friday's close.
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Monday, March 17, 2008
Gold Soars to $1027 on Bear Stearns Collapse / Commodities / Gold & Silver
By: Mark_OByrne
The London AM Gold Fix at 1030 GMT this morning was at $1023.50, £508.45 and €649.51 (up from $997.00, £491.617 and €641.158 Friday).
We are at new record nominal highs in gold in most major currencies and gold has surged through £500 per ounce (GBP) with sterling falling significantly against major currencies especially the euro (0.79).
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Sunday, March 16, 2008
Gold $1000 and Bullish, Silver Boxed in for a Breakout / Commodities / Gold & Silver
By: Merv_Burak
WOW! $1000 per oz. Where to from here? I still remember when the DOW first breached its 1000 mark. It was 10 years before it went anywhere after that. I don't see the same for gold, but who knows?
GOLD : LONG TERM
Well, it hasn't quite hit my long term P&F projection of $1020 but it got awfully close. Maybe this week. The next projection would then be $1125. The very long term $1600 projection is getting closer and closer.