Category: Gold & Silver 2009
The analysis published under this category are as follows.
Tuesday, February 10, 2009
Financial Times Lexx Favours Platinum Over Gold, Is the FT Right? / Commodities / Gold & Silver 2009
By: Mark_OByrne
Profit taking saw gold fall yesterday but continuing very robust demand for physical bullion and gold ETF’s for safe haven purposes means that this is likely another period of consolidation.
There is a dawning realization that we are in the early stages of a severe global recession and possibly even a global Depression. In this uncertain climate for the global financial system and the global economy itself, risk aversion is set to remain elevated and thus demand for physical gold bullion will also remain elevated. As it will for silver but less so for the purely industrial precious metals of platinum and palladium.
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Monday, February 09, 2009
Gold Price Market Manipulation Crime Scene Investigation / Commodities / Gold & Silver 2009
By: Rob_Kirby
Last week on Thursday February 5th, 2009, The President's Working Group On Financial Markets held their first official soiree with former New York Federal Reserve Bank President, Timothy Geithner, installed as President Obama's pick as Treasury Secretary.
In the spirit of “Change has come to America” and transparency, cameras were invited in for the ‘proverbial photo-op' in what was no doubt an attempt to demystify this shadowy organization. You can see this press conference for yourself beginning at the 3:20 minute mark of this video excerpt .
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Monday, February 09, 2009
Precious Metals Regaining Monetary Status / Commodities / Gold & Silver 2009
By: Captain_Hook
Loose in the head. As opposed to Hank Paulson, that's what traders now think of Geithner since he angered China before even getting in the door. They think he's loose in the head. So, delayed as the reaction was since he uttered the words Thursday, the trade bought gold, sold bonds, and who knows, maybe even reversed the dollar ($) despite the fact stocks look set to plunge. In this respect, Geithner's fumble, which is the only way to read that considering China is the US's biggest creditor, is the kind of thing that can cause trend changes, where we will find out soon if this is the case with respect to gold and the $. Read full article... Read full article...
Monday, February 09, 2009
Gold Plunges Below $900 Despite Central Banks Money Printing / Commodities / Gold & Silver 2009
By: Adrian_Ash
THE PRICE OF WHOLESALE gold bullion fell sharply at the New York opening on Monday, dropping 1.8% to a four-session low of $895 an ounce as the US Dollar also slipped on the currency market.World stock markets ticked down despite a fresh wave of central-bank and government aid, but crude oil crept back above $40 a barrel.
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Monday, February 09, 2009
Silver Surges But Remains Undervalued Compared to Gold / Commodities / Gold & Silver 2009
By: Mark_OByrne
Gold fell some 1.5% last week as investors took profits with gold having been up some 10% in the previous three 3 weeks. But the short and medium term prospects look sound in the light of strong fundamentals and some important indicators – silver was up by another 4.2% last week and the gold mining indices were also higher (XAU +4.6% and HUI +2.3%). The mining indices are often a leading indicator and silver usually underperforms gold in the early stages of rallies and outperforms in the latter. Silver’s recent strength (up by some 15% since the start of the year) may be a prelude to higher gold prices in the coming weeks. Read full article... Read full article...
Sunday, February 08, 2009
Gold in Bullish Trend Channel at Key Resistance Levels / Commodities / Gold & Silver 2009
By: Merv_Burak
The price of gold is hitting its head up against the ceiling set by the top activity from the Sept/Oct highs. Is it time for some downside action?
GOLD : LONG TERM - Due to some time constraints this week's commentary will be short and to the point. Just the facts.
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Friday, February 06, 2009
Gold.....Ready to Rumble! Part Two, Buying Gold / Commodities / Gold & Silver 2009
By: Richard_Mills
We Are Running Out of Gold - Production at existing mines is grinding down at the same time investor demand is climbing. A quick scan of last year's individual country production numbers shows declines right across the board except in China whose citizen's snap up all they can. China, for the second year in a row is now the world's top gold producing country, easily passing perennial top producer South Africa. Read full article... Read full article...
Friday, February 06, 2009
Gold GLD ETF Bullish Higher Highs / Commodities / Gold & Silver 2009
By: Mike_Paulenoff
The behavior of gold and the SPDR Gold Shares (NYSE: GLD) recently has been fascinating. Let's notice that the GLD has continued to carve out a series of higher lows off of the 1/15 pivot low at 78.73. It has been doing this DESPITE a stronger dollar and an overbought condition. Read full article... Read full article...
Friday, February 06, 2009
Silver/Gold Ratio Bullish Reversion to the Mean / Commodities / Gold & Silver 2009
By: Zeal_LLC
While wreaking its unbelievable destruction, last quarter's financial-market panic certainly showed no favoritism. Launching from ground zero in the financial stocks, shockwaves of selling blasted out through the entire market landscape. Everything speculators once loved was left in ruins, including silver. Read full article... Read full article...
Friday, February 06, 2009
Gold and Silver Insurance Against Financial Crisis / Commodities / Gold & Silver 2009
By: Julian_DW_Phillips
Just read leading U.S. newspapers and one see that Banker has become an unpleasant word as banks take in taxpayers money and give nothing out. Then you have the endless blame game ["we didn't force people to borrow money" - yes, you did through enticing, pushy adverts and a rising property market incited greed, which you peddled!] as Everybody loves to blame someone else as the global banking system continues to teeter on collapse as central bankers raise the amounts needed to save them and keep them going. So why do and did the banks need saving? The banking system in the last 50 years has gone from a source of loans in a cash society to the very financial artery of the economies of the developed world.Read full article... Read full article...
Friday, February 06, 2009
Gold Firm as US Jobless Rate Jumps / Commodities / Gold & Silver 2009
By: Adrian_Ash
THE SPOT PRICE of wholesale gold held inside a tight $7 range Friday morning as the United States reported its worst monthly job losses since 1974 and Japanese auto-giant Toyota posted its first annual loss since 1950.For the week, Spot Gold in Dollars neared the London close 1.2% below last week's finish, while crude oil slipped back to $40 per barrel.
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Friday, February 06, 2009
Gold Boosted by Unprecedented Global Money Printing / Commodities / Gold & Silver 2009
By: Mark_OByrne
Gold remains firm as there is increasing nervousness about the global economy and indeed nervousness about the global monetary system and this is leading to continuing strong investment demand. Gold remains at or near record highs in nearly all major currencies ($914.00 £622.11 €713.06) and looks set to regain its nominal record high of $1,030/oz in the coming weeks. UBS joined Goldman Sachs and Merrill Lynch in drastically increasing their gold price forecasts yesterday. UBS has increased its 2009 average gold price forecast to $1,000 an ounce from $700 as investors seek a safe haven from the financial turmoil.Read full article... Read full article...
Thursday, February 05, 2009
Why Silver is Set for a Great Year / Commodities / Gold & Silver 2009
By: Money_and_Markets
Sean Brodrick writes: Boy, I wish I had a time machine. I wouldn't have to go far — just back a few months to buy silver at under $9 an ounce (a 38% discount to recent prices) and gold at under $715 (a 27% discount to recent prices).
Well, I do have the next best thing, though — a list of undervalued gold and silver miners that are trading at dirt-cheap valuations to their gold reserves.
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Thursday, February 05, 2009
Currency Crisis: First Sterling, Now the Euro, and Then...? / Commodities / Gold & Silver 2009
By: Adrian_Ash
How to get a jump on the big central banks as interest rates race towards zero worldwide...
OF SIX CENTRAL BANKS voting on interest rates this week, only the European Central Bank in Frankfurt failed to reduce its cost of money to either record or multi-year lows, holding rates steady at 2.0%.
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Thursday, February 05, 2009
Gold is Dead and Neitzsche had Nothing to do with it / Commodities / Gold & Silver 2009
By: Oxbury_Research
“Gold kind of scares me because very often the people involved with it seem to be slightly insane.”– James Montier, head of equity research, Societe Generale, London
Some say that it doesn't matter when you buy gold, that you should buy it regularly and always, and that it represents the only true store of value. Fair enough. When all is said and done, buying gold may be the only means of acquiring real wealth for the very long term. Especially today, when all major currencies are devaluing by hook or by crook – some voluntarily, others not so – it behooves an investor to shore up his gold holdings.
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Thursday, February 05, 2009
Gold Price Disconnects from the U.S. Dollar / Commodities / Gold & Silver 2009
By: Jim_Willie_CB
The gold price has finally disconnected from its nemesis, the USDollar. This news should be read as the coming of spring after months of wintry torment, or as the sighting of land after 30 days adrift at sea in a derelict vessel. From 2002 to very early 2008, the gold price had risen from the massive speculative fervor that swept the United States and Europe, whose economies had been supplied largely by Asian factories. The mines from Latin America to South Africa to Australia greatly aided the process. Read full article... Read full article...
Thursday, February 05, 2009
Gold Boosted by Zero Yield, as World Currencies Devalue on Negative Real Interest Rates / Commodities / Gold & Silver 2009
By: Adrian_Ash
THE SPOT GOLD PRICE jumped sharply for US and Euro investors on Thursday morning in London, rising 1.7% and 1.4% respectively as world stock markets fell despite fresh cuts to central-bank interest rates.
Of five central banks voting on rates this week, only the European Central Bank (ECB) in Frankfurt failed to reduce its cost of money, holding rates steady at 2.0%.
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Thursday, February 05, 2009
Goldman Sachs Gold $1000 as Safehaven Asset / Commodities / Gold & Silver 2009
By: Mark_OByrne
With stock and bond markets under renewed pressure, gold remains very well bid and is up some 0.6% in early trading in Europe.
Goldman Sachs have increased their forecast for gold from the previously very low $700/oz to over $1,000/oz in the next three months due to “rising investor demand for safe haven assets”.
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Wednesday, February 04, 2009
Gold Part Commodity Part Currency Eyes $1,000 Near Term / Commodities / Gold & Silver 2009
By: Oxbury_Research
I love to analyze gold here in issues of Bourbon and Bayonets , especially with a focus on the macroeconomic issues that are extremely bullish for our favorite yellow metal. The economic crisis and complete lack of competence from our leaders has resulted in a current financial climate that will result in the most fantastic run the price of gold has ever experienced. The quantitative easing around the globe is definitely the greatest single bullish fundamental that will drive gold going forward. It's not the only reason gold will rise in price, but it definitely carries the most weight. Read full article... Read full article...
Wednesday, February 04, 2009
Gold Recovers Back to $900 as Global Demand Remains Robust / Commodities / Gold & Silver 2009
By: Mark_OByrne
Gold has recovered somewhat from the 1.5% loss yesterday to close at $890.60 (as did silver which was down 0.6%) and rose 1% in after hours and is trading at just below $900/oz in late morning trading in Europe.
While stock markets have had a relief rally on a return of risk appetite, the US bond market was again under pressure as was the dollar. Selling in bonds markets and of the dollar is likely to increase in the coming weeks and this should see gold look to regain the $1,000/oz mark.
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