Category: Gold & Silver
The analysis published under this category are as follows.
Tuesday, December 11, 2007
Gold Falls AHead of US Fed Interest Rate Cut / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES slipped back from an overnight high of $810.50 in early London trade, recording an AM Fix of $806.75 per ounce and then dropping to $804.50 as the US open approached.Read full article... Read full article...
Monday, December 10, 2007
Gold to Take Cue From US Fed Interest Rate Decision / Commodities / Gold & Silver
By: Gold_Investments
GoldGold was down $6.90 to $794.40 per ounce in New York on Friday and silver was down 10 cents to $14.34 per ounce. Gold has rallied in Asian and early European trading and is trading at $801.50/802.00 per ounce at 1200 GMT. Gold has traded sideways in pounds sterling and euro to £392 GBP (down from £394 at 1200 GMT Friday) and €545 EUR (down from €547 at 1200 GMT Friday).
Last week gold was up 1.5% and silver was up 2.6%.
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Monday, December 10, 2007
Gold Rises 0.7% Early Monday as Oil Slips & Banking Stocks Rally Despite UBS Profit Warning / Commodities / Gold & Silver
By: Adrian_Ash
Fed Set to Cut US Interest Rates Even as Global Inflation Surges - GOLD PRICES rose throughout the Asian session on Monday, starting the week in London just above $800 per ounce – a gain of 0.7% from Friday's US close – for physical metal delivered immediately.
Crude oil prices slipped 0.8%, meantime, while the US Dollar hit a four-week high vs. the Japanese Yen.
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Sunday, December 09, 2007
Gold and Silver Gearing Up for a Big Move / Commodities / Gold & Silver
By: Merv_Burak
Something tells me there is a big surprise ahead. How big, which way and when, well that's what makes life interesting.
GOLD : LONG TERM - The long term usually changes very slowly so there is no use posting a long term chart each week. From the long term stand point nothing has changed from last week, or the week before. To summarize, the long term P&F chart is still bullish. Gold price is still well above its positive sloping moving average line. The long term momentum indicator is also still in its positive zone but giving us some warnings of the under performance of the strength in recent price action. All in all, the long term is still rated as BULLISH .
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Sunday, December 09, 2007
Gold and Silver Analysis - Consolidation in Gold and Silver / Commodities / Gold & Silver
By: Joe_Nicholson
“This update has been writing for weeks that it would be relative weakness in Europe that would cause exchange rates to tip in the other direction. With the Fed closer to the end of its accommodations than the stubborn hold outs in London and at the ECB, holders of those currencies have wisely begun to suspect the ride up, for now at least, is ending. In all likelihood, the Fed will probably look to keep the cut light and favor further open market activities including a possible change in the discount rate while Treasury and other government entities come to the aid of the ailing housing market that's the real source of the problem. In the meantime, it's possible gold and silver will continue to face headwinds and lose their panic premium as investors put money back to work in financials and other stocks.” ~ Precious Points: Fairweather Friends, November 25, 2007Read full article... Read full article...
Saturday, December 08, 2007
Gold Pushed Higher by Carry Trade and Capital Market Tsunamis / Commodities / Gold & Silver
By: Julian_DW_Phillips
The gold price has not only been reacting to the absolute levels of the oil price and the fall of the $, but to the instability, uncertainty and downright fear in the Capital markets and the banking system. Two reasons why there is such a drama has been the activities of the "Carry Trade" and the resultant Capital Tsunamis, or even the complete lack of available capital [much as the shoreline pulls right back before the Tsunami hits].Read full article... Read full article...
Saturday, December 08, 2007
Gold in Large Coil Pattern Suggests Powerful Thrust To the Upside / Commodities / Gold & Silver
By: Mike_Paulenoff
No, I have not taken gold and the streetTRACKS Gold Shares (NYSE: GLD) off my radar screen, but I have to tell you that I do not have a high-confidence directional call right here. The pattern carved out in the GLD off its 11/08 high has taken the form of a large coil that exhibits a series of lower-highs juxtaposed against higher lows. Unless or until the GLD breaks key coil support at 77.00-76.80, my work argues that the overall pattern is bullish, and will resolve itself in a powerful thrust to the upside to new high territory in the vicinity of 85.00.Read full article... Read full article...
Friday, December 07, 2007
Gold and Oil Rally Higher on Inflation Hedge / Commodities / Gold & Silver
By: Mike_Clark
GoldGold was up $4.10 to $801.30 per ounce in New York yesterday and silver was up 14 cents to $14.44 per ounce. Gold has drifted sideways in Asian and early European trading and is trading at $801.50/802.00 per ounce at 1200 GMT. Gold was also up in pounds sterling and euro to £394 GBP (up from £389) and €547 EUR (up from €541).
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Friday, December 07, 2007
Gold Prices Volatile Ahead of Jobs Data; Gold Miners Hit Trouble Closing Hedge Books / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES flipped around the $800 mark early Friday in London , approaching the US open almost 2% above yesterday's start as key US jobs data loomed.
"Volatility, volatility, volatility," writes Wolfgang Wrzesniok-Rossbach in the latest Precious Metals Weekly from Heraeus.
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Friday, December 07, 2007
Soaring Inflation Means the Bull Market In Gold and Commodities Has Further to Run / Commodities / Gold & Silver
By: Aden_Forecast
Huge moves have been taking place this year (see Chart 1 ). It's a big deal but, with the exception of oil, not many people are paying attention. In fact, it seems like most people don't really care, and that's good for us.
At the New Orleans Investment conference in October, for example, attendance was lower than last year. Several of the speakers also commented on a general lack of enthusiasm.
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Thursday, December 06, 2007
Russian Government and Investors Aggressively Buying Stakes in the Gold Industry / Commodities / Gold & Silver
By: Gold_Investments
Gold Gold was down $3.90 to $797.20 per ounce in New York yesterday but silver was up 3 cents to $14.30 per ounce. Gold has drifted downwards in Asian and early European trading and is trading at $786.50/787.00 per ounce at 1200 GMT. Gold also fell in pounds sterling and euro to £389 GBP (down from £394) and €541 EUR (down from €546).
The dollar strengthened to a monthly high against the euro and oil fell sharply to below $87 a barrel and this and technical selling is leading to gold's sell off. The recent lows at $775 per ounce should provide support and there could be range trading consolidation between $775 and $845 prior to a likely challenge of the record 1980 high in the coming weeks.
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Thursday, December 06, 2007
Gold Slides as Oil & Bonds Fall, Stocks Rally Ahead of Bush's 'Hope Now' Rescue for US Subprime Market / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES continued to slide early Thursday, falling more than 1% from Wednesday's New York close to trade at $786 per ounce by the time the Bank of England made the first cut to Pound Sterling interest rates in two years at midday in London .Read full article... Read full article...
Wednesday, December 05, 2007
Why One Ounce of Gold (or Silver or Platinum) Can Cost More, or Less, Than Another… / Commodities / Gold & Silver
By: Mike_Clark
Have you ever noticed that two bullion coins which contain the exact same amount of the same precious metal, can sometimes sell for a different price?
For example, at the time of this writing, the spot price of gold is $787.50 per ounce. Yet, numerous dealers quote a selling price of $830.80 for the one-ounce American Gold Eagle, $826.90 for the one-ounce Canadian Gold Maple Leaf, and $819.00 for the one-ounce South African Gold Krugerrand.
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Wednesday, December 05, 2007
Gold Trades Above $800; Commodity Bull Market "Still in Early Stages" / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES held above $800 per ounce early Wednesday even as the US Dollar rose on the world's currency markets, while crude oil broke back above $90 per barrel after the Opec oil cartel agreed in Abu Dhabi to keep output quotas unchanged.
The resulting 2% jump in oil prices "spurred late buy-backs in gold" in Tokyo, according to Tatsuo Kageyama at Kanetsu Asset Management, helping the Gold Price on Tocom futures for delivery in Oct. '08 to gain 2% as well.
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Wednesday, December 05, 2007
Dow Jones Loses Global Purchasing Power Due to Dollar Devaluation / Commodities / Gold & Silver
By: Ned_W_Schmidt
The business media keeps telling investors to remain faithful. Paper equities, despite their continuing under performance, are they claim the place to put your wealth. A broken clock is right twice a day, and that seems to beat the record of most of gurus appearing in the business media. We are repeatedly told that the market is just shy of a high, making a high, or consolidating gains. What is important though is not the level of market or the price of an investment.Read full article... Read full article...
Tuesday, December 04, 2007
Gold Continues to Consolidate Rally From Late August / Commodities / Gold & Silver
By: Gold_Investments
GoldGold was up $5.10 to $788.20 per ounce in New York yesterday and silver was up 9 cents to $14.07 per ounce. Gold rallied after the close in the New York Access Market and subsequently was flat in Asia before rallying again in trading in London to $794 per ounce at 1200 GMT.
Gold is trading at £384 GBP (up from £379) and €539 EUR (up from €534).
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Tuesday, December 04, 2007
Gold Recovers Overnight Dip as Euro Jumps on Rising Inflation; Subprime Home-Loan Bonds Downgraded / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES recovered an overnight dip by lunchtime in London on Tuesday, trading above $795 per ounce as European stock markets stood 1% lower for the day.US bond prices held near recent highs while the Euro rose on the currency markets, gaining almost one cent from last night's two-week lows to the Dollar.
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Monday, December 03, 2007
Gold and Oil Fall as Pressure Builds for European Interest Rate Cuts / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT GOLD MARKET slipped back from an overnight spike early Monday to hit $778 per ounce – a two-week low – just before the US open.
Asian stock markets were little changed, while European bourses began the week lower. Wall Street futures pointed down, capping their four-day rally, and crude oil futures dropped almost a dollar to trade at a one-month low beneath $88 per barrel.
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Monday, December 03, 2007
Silver Building Up to Resume Uptrend / Commodities / Gold & Silver
By: Clive_Maund
There are various general points set out in the Gold Market update, relating to the dollar, that are equally applicable to silver, so this Silver Market update will only focus on the detail differences particular to Silver.Read full article... Read full article...
Monday, December 03, 2007
US Dollar Rally to Fail Before USD 80, Gold Correcting First Phase of a Major Up / Commodities / Gold & Silver
By: Clive_Maund
Some readers may have seen a trades list produced by Goldman Sachs recommending that investors short gold next year. This report has been allocated to the circular filing along with the government inflation statistics.
With the dollar rally predicted on www.clivemaund.com early on Thursday getting underway immediately afterwards, the question is how far this rally will carry, and how much further gold and silver will react as a result.