Category: Gold & Silver
The analysis published under this category are as follows.
Monday, December 03, 2007
Gold Short-term Uncertainty But Long-term Bullish / Commodities / Gold & Silver
By: Merv_Burak
Well, Friday was five in a row. We had two previous five in a row down days this year. One was followed by a reasonable rally while the other was followed by a lateral move which then morphed into the Aug to Nov rally. Is there a rally ahead?Read full article... Read full article...
Sunday, December 02, 2007
Gold and Silver Analysis - Fairweather Friends / Commodities / Gold & Silver
By: Joe_Nicholson
“ With each passing week, the pressure on the Fed threatens to bubble over, and it's becoming more and more likely the FOMC will again find itself in a position where it's obliged to cut rates or risk a huge selloff in equities markets. Silver may be the first tell for the direction of the next move. $13.50 continues to look like solid support, if we get there, and with what looks like a five-wave move down off the recent highs, silver will some work to do to avoid slipping lower before attempting new highs. Gold… having penetrated the $750-775 support area mentioned in the TTC forums, it's possible the near term bottom is in here, but… making that bet is not a high risk/reward proposition.” ~ Precious Points: Bullion Bouillabaisse, November 17, 2007Read full article... Read full article...
Saturday, December 01, 2007
Golds Friday Sharp Fall - A Conspiracy Theory? / Commodities / Gold & Silver
By: Adrian_Ash
"... Trying to ride this bull market in gold often feels like trying to get your heaviest friend home after way too much beer..."
THE GOLD PRICE just closed out November '07 at an average of $806.25 per ounce, a new record high – and the third record month on the run.
Not that you'd know that from reading the newswires this weekend, however. And fair's fair.
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Friday, November 30, 2007
Gold Holding Pattern - Economy-Wide Crunch" Now Looming in Europe / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT GOLD MARKET slipped from a small overnight bounce early in London on Friday, recording an AM Fix that was 5% below Monday's start as world equity markets rose on the promise of fresh interest-rate cuts from the US Fed.
Looking at the latest data on Gold Market futures – where the front-month contract is now trading $50 below its near-record top of Nov. 8th – "the net long Comex position declined by 12.4% in the two weeks" to Nov. 20th, note the team at Mitsui.
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Friday, November 30, 2007
Gold in Potential Double Top Pattern / Commodities / Gold & Silver
By: Mike_Paulenoff
Under the circumstances, I thought the equity market handled "the day after" in relatively strong fashion. I leave you this evening with an updated look at the GLD, which closed in precarious technical condition...Read full article... Read full article...
Thursday, November 29, 2007
Gold Gives Back Overnight Gains Ahead of Key US Data, Bernanke Speech; Oil Jumps 4% on Cut to US Supplies / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES gave back an overnight bounce to $808 per ounce as the New York opening drew near on Thursday, trading just below last night's close at $802.50.
Oil prices surged more than 4% after an explosion in Canada cut one-fifth of the United States ' daily crude imports. US stock futures pointed lower.
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Thursday, November 29, 2007
Gold and Silver Strong Bull Market Intact - HUI Bullish Signals / Commodities / Gold & Silver
By: Peter_Degraaf
The pull-back we are seeing in gold and silver is nothing more than some high-volume backing and filling, within the major uptrend. The annual Christmas rally which started in August has a lot of life in it yet.
The sub-prime mortgage debacle is nowhere near solved, and we can count on the central banks to do what they do with every problem they run into: print more money.
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Wednesday, November 28, 2007
Gold $800 - A New Generation / Commodities / Gold & Silver
By: David_Vaughn
Will 800 become the ceiling or preferably the new floor?
Short term I don't know, but I am excited watching so much positive strength in this market. The crap is hitting the fan and gold is responding appropriately and properly. My personal opinion is that 800 may just become a floor price for gold. But who am I to know?
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Wednesday, November 28, 2007
Gold Falls in Unision with Crude Oil / Commodities / Gold & Silver
By: Gold_Investments
GoldGold was down $12.50 to $813.80 per ounce in New York yesterday and silver was down 35 cents to $14.46 per ounce. Gold has continued to sell off in Asia and European trading and is at $797.50 per ounce at 1200 GMT. Gold remains near record highs in euro, British pounds and other currencies and is trading at £387 GBP (up from £401 on Monday) and €541 EUR (from €561 on Monday).
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Wednesday, November 28, 2007
Gold Bounces from 5% Loss as Dollar Gains, Eurozone Bonds Fall on Inflation Shocker / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES continued to plunge early Wednesday, bouncing off $792.50 as the Asian session ended – more than $43 per ounce (5.1%) below Monday's two-week top.
After the first hour of London trade, the Gold Price stood nearly 7% below the 27-year high of $845 hit on Nov. 7th. The sell-off following that attempt on gold's all-time peak – recorded back in Jan. 1980 at $850 – was both sharper and more severe than this week's drop so far.
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Tuesday, November 27, 2007
Gold Dives 2.2% from Monday's Top as Dollar Bounces / Commodities / Gold & Silver
By: Adrian_Ash
Indian Gold Prices Near All-Time High; Chinese Demand Rises 24% in Q3
SPOT GOLD PRICES dived in the first-half of London trade on Tuesday, recording an AM Fix of $823.25 per ounce, some 1.4% below Monday's morning fix.
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Monday, November 26, 2007
Precious Metals Bull Market - Why Silver Is About To Take Over For Gold / Commodities / Gold & Silver
By: Captain_Hook
The US Dollar ($) is losing its global reserve currency status, and the rate at which this is occurring is accelerating in direct proportion to easy money policy of the Fed. As with the $'s reaction to the Fed's policy decision, any further administered rate cuts will be met with an accelerating decline in the $, along with unfavorable and opposite reactions in market rates. This is why gold was able to slice through $800 easily Friday, because the commercial shorts (banks) are the same people who are exposed to trillions of Structured Investment Vehicles (SIV's), Collateralized Debt Obligations (CDO's), and various other forms of toxic waste; and they are discovering a direct bailout may not be forthcoming. This in turn cranks up the need for even easier money policies of course, which is why neither gold nor the $ ever correct much on trend, and is a condition that will be with us for some time considering the banks have only come clean with approximately 5-percent of their true exposures to toxic debt. This is why gold could vault to $1,000 and beyond by Christmas. Read full article... Read full article...
Monday, November 26, 2007
Gold Surges in European Trading to $835 / Commodities / Gold & Silver
By: Gold_Investments
GoldGold surged $26.90 to $824.60 per ounce in New York on Friday and silver was up 35 cents to $14.74 per ounce. Gold's safe haven qualities were again in evidence and gold was up nearly 5% for the week. Gold has since moved upwards in Asia and European trading and is at $835.50 per ounce at 1200 GMT. Gold also surged in euro, British pounds and other currencies and is trading near new record all time highs in pounds and euro at £403 GBP (up from £387 on Thursday) and €561 EUR (up from €541 on Thursday).
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Monday, November 26, 2007
Gold Breaks New Record Highs vs. Sterling and Aussie Dollar as Bear Market Looms for Global Stock Markets / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES leapt in early trade Monday, gaining nearly 0.9% in the first hour of London trade to reach an 11-session high of $836 per ounce.
For British investors, Gold Priced in Pounds Sterling broke a new all-time record high above £404 per ounce, gaining 6.9% from its three-week low of midnight last Monday.
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Sunday, November 25, 2007
Gold Long-term Bull Market Uptrend Remains Intact / Commodities / Gold & Silver
By: Merv_Burak
It was a shortened week but still a good one. A bounce off the intermediate term moving average line places gold in a good position to continue the rally.
GOLD : LONG TERM
The rally since August had reached the initial projection of $840 a few weeks ago and the new target is now $915. After reaching that initial projection gold reacted lower for a couple of weeks but bounced back to the up side this past week. As seen on the intermediate term chart, gold bounced off its intermediate term moving average line, still far above its long term line. Although the long term P&F chart has reversed its plotting direction it is still far away from reversing its bullish trend.
Friday, November 23, 2007
Rush to Gold as Global Banking Crisis Unfolds / Commodities / Gold & Silver
By: Julian_DW_Phillips
This week saw the $ cross the $1.48 line to the € heading for $1.50 after the U.S. markets closed for Thanksgiving. It then bounced after the London market had opened on Friday. We do expect a bounce, but not for long as a secondary phase of the crisis comes into play. What crisis, you may well ask? It is the sub-prime crisis/credit crunch/$ crisis as it spreads into the global economy [as well as inside the U.S. of A.]Read full article... Read full article...
Friday, November 23, 2007
Gold Peaked, Euro Peaking, Dollar Rallying / Commodities / Gold & Silver
By: Mike_Paulenoff
Not only does my work tell me that the GLD (Gold ETF) has peaked, it also is telling me the Euro may have hit a signficant high, and is ripe for a significant downside correction, which will pressure the gold as well...Today's conspicuous test of 150.00 is followed by what so far represents a key downside reversal amidst very significant momentum failures to confirm new highs since the 1.4600 area. Caution is the watch-word for the euro vs dollar now, which should impact gold prices negatively in the days ahead.Read full article... Read full article...
Friday, November 23, 2007
Gold Drops 1% from Sudden Spike as US Dollar Bounces from New Record Lows / Commodities / Gold & Silver
By: Adrian_Ash
STRONG BUYING late in the late Asian session on Friday drove Gold Prices to a series of one-week highs as the US Dollar sank to new all-time lows vs. the Euro before suddenly putting in its fastest rally in a month.Read full article... Read full article...
Friday, November 23, 2007
Will the Gold Bull Market Deflate? / Commodities / Gold & Silver
By: Alex_Wallenwein
Of course not. Ever tried deflating a balloon that hasn't been blown up yet? Kind of hard to do, isn't it?
When we think and talk about things, we often unknowingly accept and attach misleading labels to them, without giving it any thought at all. It's sort of a "garbage in, garbage out" principle. We accept a label others have unthinkingly given a subject, and then we run with it, which means by necessity that we are misapplying it.
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Thursday, November 22, 2007
Poor, Poor Investors & Analysts Who Have Blinders On To Real Inflation Adjusted Returns / Commodities / Gold & Silver
By: Investmentscore.com
As an investment, we do not favor gold and silver over US stocks or US stocks over gold and silver, but rather we believe that all investments are cyclical and that recognizing and investing in the long term trend is the key. However, in our opinion bypassing the distorting effects of inflation for a clearer perspective of the markets real performance is the secret.Read full article... Read full article...