Category: Gold and Silver 2010
The analysis published under this category are as follows.Wednesday, March 17, 2010
Gold Support "Increasing" After Fed Sticks at Zero, China Told to Raise Rates / Commodities / Gold and Silver 2010
THE PRICE OF BULLION gold in the wholesale London market touched a 7-session high against the Dollar early on Wednesday, slipping back as US inflation data came in tamer than expected, and China was advised by the World Bank to tighten its interest rates.
The Euro rose to its best Dollar-value in almost 5 weeks after the Federal Reserve maintained its zero-rate stance in Tuesday's policy announcement.
Wednesday, March 17, 2010
Gold Rises On Higher Oil Prices, Low Interest Rates And Increasing Sovereign Risk / Commodities / Gold and Silver 2010
Gold reached a high of $1,127/oz in US trading before closing with a gain of 1.55%. It has since jumped from $1,126/oz to $1,132/oz in late Asian trading this morning as the Bank of Japan announced emergency steps to prevent continuing deflation (see below). Gold is currently trading at $1,128.00/oz and in Euro and GBP terms, gold is trading at €821/oz and £740/oz respectively.
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Wednesday, March 17, 2010
Marc Faber Says Accumulate Gold As All Currencies are Set to Fall / Commodities / Gold and Silver 2010
Marc Faber speaks on various countries economic downfall, worldwide bailouts and the effects it will have on currencies. He gives his thoughts on buying gold.
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Tuesday, March 16, 2010
Gold is Money, Unlike the World’s Currencies, Gold Retains its Value / Commodities / Gold and Silver 2010
In a speech I recently gave at The Empire Club of Toronto , I referred to gold as the "anti-currency." Gold is not and never has been a currency. Gold is something entirely different and far more valuable. It is money.
"If you're holding paper currency, you have to have some kind of trust that the country that issued it is not just going to print its way out of its problems. That's a real concern right now. Gold, on the other hand, has real intrinsic value, unlike a paper currency which can be debased by its government." - – Sacha Tihanyi, currency strategist, Scotia Capital
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Tuesday, March 16, 2010
Gold Jumps Ahead of Fed Interest Rate Decision / Commodities / Gold and Silver 2010
THE PRICE OF WHOLESALE gold bullion jumped at the start of New York dealing on Tuesday, recovering half of last week's losses for US and Eurozone investors ahead of today's decision on Dollar interest rates from the Federal Reserve.
New data showed economic sentiment sliding in the 16-nation Eurozone, while Consumer Price Inflation came in at just 0.4% for Feb. – half the expected pace.
Tuesday, March 16, 2010
Federal Reserve Rising Interest Rates Positive for Gold? / Commodities / Gold and Silver 2010
Gold dipped to $1,101.15/oz in early US trading before recovering to close with a gain of 0.37% despite continuing dollar strength. It rose in Asian trading and has range traded from $1,109/oz to $1,113.50/oz so far in European trading this morning. Gold is currently trading at $1,114.00/oz and in euro and GBP terms, gold is trading at €813/oz and £739/oz respectively.Read full article... Read full article...
Tuesday, March 16, 2010
Challenging Gold Price None Manipulation Analysis / Commodities / Gold and Silver 2010
A reader has written in challenging me on my view that the gold price is not being manipulated at this juncture in time. FYI, here is my response to him
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Tuesday, March 16, 2010
Will Gold Price Get Compressed? / Commodities / Gold and Silver 2010
We go into a Fed week sitting right at the highs made a couple of months ago in the S&P. It should lead to a couple of more days up. Monday is stacked with data in the AM. Some of it should be market moving.I looked at the long term picture on the SPY earlier in the week. Today I will look at GLD..
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Tuesday, March 16, 2010
Currencies and Gold Analysis / Commodities / Gold and Silver 2010
The following excerpt is from the currency section of the latest full-length market wrap report, available on the Honest Money Gold & Silver Report website. All major markets are covered: stocks, bonds, currencies, and commodities, with the emphasis on the precious metals - the only secular bull market existent.
Currencies
Before getting into the analysis of the dollar and the euro, I'd like to show a few charts of the inter-market relationships between gold, the dollar, and the euro.
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Tuesday, March 16, 2010
PDAC and Gold Fever / Commodities / Gold and Silver 2010
Perhaps something akin to prospectors rushing from around the world in the grips of gold fever to California in the middle of the 19th century, thousands flock to the annual PDAC (Prospectors & Developers Association of Canada International Trade Show & Investors Exchange) to pan for nuggets for their organizations or for themselves. For this exclusive interview, The Gold Report caught up with Kaiser Bottom-Fish Report editor John Kaiser on the last day of the 2010 PDAC last week in Toronto. John finds that the bigger the event gets, the more patience and effort it seems to take, but those who are persistent and willing to dig can still cart away useful information and insights. Read on as he shares his takeaways.
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Tuesday, March 16, 2010
The Currency Markets and the Gold Price / Commodities / Gold and Silver 2010
Dear Reader, Over the past few months there has been a growing amount of interest in the currency markets especially the pound, the euro and the dollar. Each has faced issues that have exposed weaknesses. The pound has long come into criticism for being overvalued. The euro has been dragged through fresh scepticism by the Greek crisis, and the dollar continues to be questioned as the reserve currency of choice.
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Monday, March 15, 2010
What's Going to Happen to Gold Next? / Commodities / Gold and Silver 2010
This week could be shaping up to be an extraordinary week in the markets. I strongly recommend that traders everywhere take precautionary measure measures to protect capital.
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Monday, March 15, 2010
Gold Cautious Ahead of Fed Interest Rate Decision / Commodities / Gold and Silver 2010
THE PRICE OF GOLD gave back an early 0.6% rise vs. the Dollar as New York opened for business on Monday, slipping together with world stock markets and commodity prices ahead of tomorrow's Federal Reserve interest-rate decision.The Euro and Sterling both fell on the currency market, helping the gold price for European and UK buyers to rise.
Monday, March 15, 2010
Gold Supported by Geopolitical and Sovereign Risk as S&P and Moodys Warn US / Commodities / Gold and Silver 2010
Gold fell in US trading on Friday from $1,119/oz to $1,098/oz to close with a loss of 0.54% and a loss of nearly 3% for the week. Silver was again more resilient and fell less than 2% last week. Gold has range traded from $1,102/oz to $1,106/oz so far in Asian and European trading this morning. Gold is currently trading at $1,103.00/oz and in euro and GBP terms, gold is trading at €804/oz and £732/oz respectively.Read full article... Read full article...
Sunday, March 14, 2010
Gold, Where We’ve Been…And Maybe Where We’re Going / Commodities / Gold and Silver 2010
Presently there are about 5 billion ounces of gold floating around out there some where. More and more investors are adding gold to their portfolios as insurance. Gold has become the 3rd largest asset held by world central bankers. And many families are adding gold to their personal portfolios as they come to discover that all is not right in Alice in Financial Land.
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Sunday, March 14, 2010
Technical View of What’s Next for Precious Metals, Stocks & the Dollar / Commodities / Gold and Silver 2010
Last weeks price action unfolded just as we expected. Money poured into stocks with the focus being on small cap, banks and technology stocks. The fact that these sectors are showing strength while utilities, health care and consumer staples lag is a good sign that investors are once again taking risks in the market.
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Sunday, March 14, 2010
Gold Tumbles Into Short-term Bearish Trend, Long-term Still Bullish / Commodities / Gold and Silver 2010
It’s been a bummer of a week but all is not lost yet. Markets go up, down and sideways. This seems to be one of those intermediate term sideway periods with short term ups and downs.
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Saturday, March 13, 2010
Paper Gold Market Is Going to Explode, Buy Physical Bullion NOW! / Commodities / Gold and Silver 2010
Evidence seems to be mounting that we are headed towards some sort of implosion in the paper Gold market, and perhaps the currency/bond markets in general. Let’s take a look:
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Saturday, March 13, 2010
Jim Rogers Says Buy Gold, Silver and Copper To Protect From Devaluing Currencies / Commodities / Gold and Silver 2010
Noted commodities investor and author of bestselling books like Hot Commodities and A Bull in China, Jim Rogers says investors should continue to buy gold, silver and copper as governments across the world are dishing out heaps of printed currencies with declining values.
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Friday, March 12, 2010
Is Gold Starting to Trade Like a Currency? / Commodities / Gold and Silver 2010
"Remember when $25, 000 was a success? Now it is a garbage collector." ~ Frank Dane
At one point on Monday the Dollar was trading in the red and Gold which should have shot up was actually trading roughly 10 dollars lower. As the Day progressed both the Dollar and the Euro were trending upwards together while Gold continued to slide. The story below attempts to provide a reason for this phenomenon.
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