Category: Gold & Silver 2009
The analysis published under this category are as follows.
Monday, September 07, 2009
Silver Eventually Set to Challenge $21 / Commodities / Gold & Silver 2009
By: Clive_Maund
Silver has made strong gains over the past couple of weeks as gold has broken out upside from its Triangle, but this rapid progress has resulted in it arriving once again at the important resistance level in the $15.90 - $16.40 area in a critically overbought condition. It therefore stands to reason that it is likely to react back or at least consolidate before significant further gains can be made, especially as the Commercials were piling on the shorts last week - and this is only what we know about as the data is only available up to last Tuesday's close, and it is fair to assume that they rose to even higher levels as silver rose sharply later in the week.
Monday, September 07, 2009
Gold Investment Underpinned by Wealth Preservation as Inflation Systemic Risk Rise / Commodities / Gold & Silver 2009
By: Adrian_Ash
THE PRICE OF GOLD held near last week's close in Asia and London on Monday morning, trading at $994 an ounce as analysts agreed $1,000 would soon be reached but argued whether that price is sustainable.
"Overall, the big picture [for gold] remains bullish," says the Sept. edition of Metal Matters from London market-makers Scotia Mocatta.
Monday, September 07, 2009
Quiet Day for Precious Metals During Labour Day Holiday / Commodities / Gold & Silver 2009
By: GoldCore
With the Labour Day national holiday in the US today, it should be a quiet day for the precious metals. However, even though a firmer dollar and a bout of profit taking pulled gold back from $1000/oz last week, it only retreated as far as $986/oz before climbing back to $994/oz. This is a strong indicator that gold can maintain its bull trend. The next level of resistance is $997/oz with $1,005/oz and $1,032/oz thereafter.
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Monday, September 07, 2009
Gold Short-term Overbought, Silver Critically Overbought / Commodities / Gold & Silver 2009
By: Clive_Maund
Gold has broken out of its large Symmetrical Triangle to the upside, and is now in position for "the big one" - the breakout above the wall of resistance approaching last year's highs in the $1030 area. However, those who are expecting it to accomplish this immediately are likely to be disappointed as its short-term overbought status and especially silver's critically overbought condition and very high Commercial short position are pointing to an imminent reaction, although this reaction should present a great buying opportunity ahead of the major breakout.
Monday, September 07, 2009
Gold Breaks Out of Symmetrical Triangle on Expanding Volume / Commodities / Gold & Silver 2009
By: Douglas_V._Gnazzo
Gold - Last week palladium was highlighted in this report, as it was making new highs, which suggested the other metals would soon follow. Gold reacted with a big move, adding $39.50 (+4.14%) to close at $994.40. In last week’s report on gold I wrote:
Sunday, September 06, 2009
Gold Short-term Trend Flattening Out / Commodities / Gold & Silver 2009
By: Merv_Burak
The week started slow, ended slow but the middle was a blast. With a long week-end ahead one is brave to try and predict what the next trading day will bring. So, the best we can do is to determine where we are.
Sunday, September 06, 2009
Gold and Precious Metals September Trend Analysis and Forecast / Commodities / Gold & Silver 2009
By: Przemyslaw_Radomski
It was a blockbuster summer for the bulls on Wall Street but September is historically the market’s worst-performing month and already as the month has just began we’ve begun to see some sharp pullbacks. Interestingly enough, on the flip side of the coin, September is historically the best month for gold.
I mentioned buying precious metals mining stocks two weeks ago - if you did, you would have made about 14% profit so far if you diversified in many stocks (HUI Index), and about 19% if you put your money in the top 3 stocks that my leverage calculator suggests as a speculative proxy for gold.
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Sunday, September 06, 2009
Gold is a Currency You Can Rely On / Commodities / Gold & Silver 2009
By: Adam_Brochert
I get comments and questions from people who don't understand why Gold is money and don't understand why it has any value other than as jewelry. The two most important functions of money in my opinion is that is function as a unit of exchange and a store of value. Money should also be durable, portable, divisible, acceptable, uniform and in limited supply to function effectively.
Sunday, September 06, 2009
Gold Is Speaking, Are you Listening? / Commodities / Gold & Silver 2009
By: J_Mike_Oliver
In the current global manic rush by central banks to inflate and by governments to spend that paper, there are a few observers who have expressed concern that at some future date this wholesale, last ditch Keynesian and Statist approach just might actually produce "inflation."
Sunday, September 06, 2009
Gold, Precious Metals Real or False Breakout? / Commodities / Gold & Silver 2009
By: The_BullBear
The recent move in gold and silver may be an important top, a decisive breakout or a prelude to a shakeout of weak hands before the real move. Let's examine the potential scenarios.
BULLISH: IT'S A MAJOR BREAKOUT
Saturday, September 05, 2009
Gold Final C Wave About to Begin / Commodities / Gold & Silver 2009
By: Ronald_Rosen
Sorry to remind you folks, but a bull market goes up on rising volume and rising open interest.
A correction in a bull market goes down on declining volume and declining open interest.
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Saturday, September 05, 2009
Out of the U.S. Dollar into Gold / Commodities / Gold & Silver 2009
By: Mike_Paulenoff
The dollar was on the defensive Friday after holding its value relatively
well since Wednesday¹s upside explosion in gold prices. Let¹s notice that
the Dollar Index (DXY) is pressing on its key Aug-Sept support line near
78.00, which is an ominous sign heading into a three-day weekend.
Saturday, September 05, 2009
The Conditions for Global Gold Confiscation, Part4 / Commodities / Gold & Silver 2009
By: Julian_DW_Phillips
As the fourth part of this series we now look at this question: “What circumstances will the world monetary system be in, in the event of the Confiscation of Gold by Central Banks?”
Friday, September 04, 2009
Gold, the Opportunity of a Lifetime.. A Year Later / Commodities / Gold & Silver 2009
By: Andy_Sutton
Last October was a pretty brutal time to be in the prognostication business. I had just called Gold the opportunity of a lifetime at the end of August at a price of around $800/ounce. By the time late October came around, the price had fallen to around $725 and the catcalls had begun in earnest. The Keynesian Kakistocracy was out in full force, hurling insults so rich and humorous that I felt compelled to write some of them down. Now a year later it is time to do another quick review and probably set myself up for yet another barrage of hate mail if the price of Gold doesn’t immediately set a course for Mars.
Friday, September 04, 2009
New Bull Market in Gold and Gold Stocks? / Commodities / Gold & Silver 2009
By: Q1_Publishing
Has a New Bull Market in Gold Emerged?
Up, up, and away…
That’s how gold stocks are moving. The Market Vectors Gold Miners ETF (NYSE:GDX) is climbing. And the recent move was exceptionally strong. The ETF, which tracks the major gold stocks has steadily climbed this week.
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Friday, September 04, 2009
Gold, Let's Get Physical With China / Commodities / Gold & Silver 2009
By: Adam_Brochert
The recent development of the Chinese government no longer restricting Gold and silver ownership and now actively promoting it is a very, very big deal (see article reporting this here and see this clip from Chinese television promoting silver - please remember that this item would not appear on Chinese television without explicit central government approval). To quote from the linked article:
Friday, September 04, 2009
Junior Mining Stocks CDNX Recovery? / Commodities / Gold & Silver 2009
By: Zeal_LLC
Every so often I’m asked to describe the role of juniors in the commodities industry. And I simply reply, “They’re like rabbits”. Rabbits are seemingly insignificant and useless animals. But in actuality they serve a critical role in the food chain as a valuable source of nourishment for larger animals.
Like rabbits, juniors are seemingly insignificant. But their function in commodities lifecycles is indispensable. And also like rabbits, juniors are a valuable source of nourishment to their predators. One of their major roles is to feed the larger resource companies, ultimately serving to provide sustenance and longevity.
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Friday, September 04, 2009
Gold Spikes to Near-term High Near $1,000 / Commodities / Gold & Silver 2009
By: LiveCharts
Apparently all it took for gold to push through near-term resistance levels was a 2-day pullback in equities and concern over the pending data on non-farm payrolls due out Friday (September 4) morning.
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Friday, September 04, 2009
Gold Surges on Flight to Safety / Commodities / Gold & Silver 2009
By: Adrian_Ash
THE PRICE OF GOLD slipped from Thursday's 6-month high of $999.50 an ounce today, dipping 1% as the US reported fewer job losses than analysts forecast for August but unemployment still rose to a fresh 26-year high of 9.7%.
Friday, September 04, 2009
Gold Closing in on Psychological $1000 Barrier / Commodities / Gold & Silver 2009
By: GoldCore
Gold continued its impressive move upwards yesterday triggered by a growing aversion to risk and technical buying signals. It breached strong resistance of $977/oz in early European trading yesterday and culminated by touching $999.50/oz in New York overnight. The $1000/oz is still a psychological barrier and anything close to that mark will probably instigate a period of profit taking.
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