Category: Gold and Silver 2010
The analysis published under this category are as follows.Monday, February 15, 2010
Sugar Commodity Key Reversal Signals Bull Retreat / Commodities / Gold and Silver 2010
Another Key Reversal Week in Sugar has appeared, an earlier one seen in Sep-09, which marked a distinct pause in uptrend. Prospects for another pause/pullback phase are currently good, so we here take a look at the technical factors.
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Monday, February 15, 2010
Gold Price Weakness Due to Risk Aversion / Commodities / Gold and Silver 2010
Are the Gold bears broken? It’s not clear.
The Technical Trader’s view:
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Sunday, February 14, 2010
Gold Falling Bullish Wedge / Commodities / Gold and Silver 2010
The past week has seen the convergence of a variety of factors that together point to a powerful rally in gold soon. Thus it appears that we have been too cautious in the recent past. Little harm has been done, however, as gold has yet to break out of its downtrend and Precious Metals stocks have advanced but little, compared to what may be coming soon, although it would obviously have been ideal to get in on last Monday`s reaction following the preceding Friday's clear bull hammer in gold, silver and in many stocks.
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Sunday, February 14, 2010
Silver Price Trend Shows Strong Signs of a Bottom / Commodities / Gold and Silver 2010
We sidestepped the recent C-wave decline in the sector, in particular the plunge in silver, scaling back positions the day before it began, and as we now know the PM sector has followed the script set out in the Marketwatch update of the 19th January to the letter. However, the evidence that has accumulated over the past week or so suggests that we have since become too cautious - we should have stuck to that script as it now appears that the correction is over and that the PM sector is powering up for a major advance. Fortunately little has been lost provided that we get back on track without delay.
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Sunday, February 14, 2010
Gold Price Trend Forecast For February and March 2010 / Commodities / Gold and Silver 2010
Visual Guidance | Trade Triggers | Price Targets >> Gold
One of the highest standards in assessing trading models is to determine whether such models provide profitable entry set-ups and exit criteria with dependable levels of consistency.
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Sunday, February 14, 2010
Gold Potentially Bullish Falling Wedge Pattern, But Momentum is Bearish / Commodities / Gold and Silver 2010
The weekly action has been primarily to the up side but still we’ve gone no place. Since Dec gold has formed a downward sloping wedge pattern which usually breaks to the up side BUT the Penny Arcade Index is starting to give us a different warning.
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Saturday, February 13, 2010
Will Gold and Silver Follow Dollar Higher or Euro Lower? / Commodities / Gold and Silver 2010
We are so used to looking at gold rising when the $ falls that the concept of gold rising when the $ rises seems to break the rules. We have often commented that there is no rhyme or reason why the € and gold should move in step with each other. And yet they have driven mainly by COMEX speculators and traders for well over a year now. Just read most daily commentaries and you will see this link to an inverse path to the $ given as the main reason why gold moves.
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Saturday, February 13, 2010
Economic Recovery Signals Gold Bear Market Targeting $750 / Commodities / Gold and Silver 2010
As investment demand for gold—including its attraction as a preservation asset—diminishes in a recovering economy, Siddharth Rajeev, vice president of research for Fundamental Research Corp., suggests the price may dip back to the $750 neighborhood by 2012. But even at that level, he tells The Gold Report in this exclusive interview, "most projects can still make very good profits at very high margin," particularly those that manage to keep a lid on operating costs. Sid is also bullish on base metals in a recovering economy, and has a positive outlook on rare earth metals and uranium as well.
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Friday, February 12, 2010
Gold, Silver, Precious Metal Stocks Final Bottom? / Commodities / Gold and Silver 2010
It was exactly a week ago when precious metals and main stock indices formed a bottom and provided a favorable entry point for all willing to participate in the next move up in the metals. Consequently we've sent out a Market Alert, and our Subscribers were able to get back on the market during Monday's decline (with prices lower than there were at the end of the session on Friday). While it may seem that the worst is behind us, we still believe one needs to keep an eye on the situation in case it turns around in a flash - especially, if the general stock market is to move much lower from here.
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Friday, February 12, 2010
Greece Debt Crisis Is Another Investment Opportunity for Gold Investors / Commodities / Gold and Silver 2010
Athens-Upon-Tyne - So, who gets to play Lehmans in this comedic repeat...?
ISN'T GREECE marvellous?
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Friday, February 12, 2010
Will Silver Outperform Gold in 2010? / Commodities / Gold and Silver 2010
In a recent issue of Barron’s addressed the question of silver possibly having another outperformance in the coming year. The article asks, “Will the poor man’s gold shine in 2010?” The opinion piece (“Gold Isn’t All That Glitters,” by Allen Sykora) drew attention to the other white metals, platinum and palladium, and made a case for a strong recovery in global demand for these metals along with silver in the year ahead.
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Friday, February 12, 2010
Gold Nears Record High vs. Euro as German Economic Recovery Stalls / Commodities / Gold and Silver 2010
THE PRICE OF GOLD lost half yesterday's rise vs. the US Dollar on Friday in London, heading into the weekend some 1.9% higher from last week as government bonds rose and European shares held flat overall.
Gold priced in Euros rose back above €800 an ounce, nearing yesterday's 1-week high – and only 1.5% below its all-time peak of Dec. – after Thursday's EU summit ended with no action on Greece's deficit crisis.
Friday, February 12, 2010
Gold Technical Analysis, EUR/GOLD Breaks Above €800/oz / Commodities / Gold and Silver 2010
Gold was up 1.58% yesterday, closing at $1093.90/oz after having achieved a new session high of $1094.80/oz. It was flat in Asian trading but has given up some of yesterday's gains in European trading. Gold is currently trading at $1,080.80/oz and in euro and GBP terms €796.19/oz and 691.09/oz respectively.
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Friday, February 12, 2010
Marc Faber Says I will Never Sell My Gold / Commodities / Gold and Silver 2010
Marc Faber the Swiss fund manager and Gloom Boom & Doom editor said the governments of every developed economy will eventually default on their sovereign debts, so the one thing he will never do in his life is 'sell my gold.'
Potential defaulter include the US, the UK and Western Europe.
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Friday, February 12, 2010
Gold Important Juncture, and the United States a Giant Ponzi Scheme? / Commodities / Gold and Silver 2010
Let’s face it, the government-bond market in the West is a gigantic Ponzi scheme. Most governments in the ‘developed’ world are drowning in debt, they are running mind-boggling budget deficits and printing money like there is no tomorrow. Furthermore, under the guise of quantitative easing, their central banks are buying their own newly issued debt!
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Thursday, February 11, 2010
Silver Elliott Wave Analysis and Forecast Update / Commodities / Gold and Silver 2010
This a brief follow up to my Report of 13th January advising a SELL of Silver at $18.52. Silver has since been sold down to $14.62 in Wave 3 of 1 of C of Major Wave 2.
In Wave 4 of 1 we can expect to see typically a retracement of Wave 3 of between 38.2% to 50%. This would give us a target of $16.25 for the 38.2% and $16.75 for a 50% retracement. Obviously the wave 4 retracement can halt anywhere between those two targets and given the pressure to the downside in wave 5 may even fall a bit short.
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Thursday, February 11, 2010
This is Where Smart, Rich Investors Will Buy Silver / Commodities / Gold and Silver 2010
It was smartest thing on silver I've heard in a long time…
Not surprisingly, Chris Weber said it.
Thursday, February 11, 2010
Gold, the Ultimate Bubble / Commodities / Gold and Silver 2010
What George Soros said, and what the press said he said...
"GEORGE SOROS warns gold is now the 'ultimate bubble'," ran the Daily Telegraph headline.
Thursday, February 11, 2010
Gold Neutral Pending Greece Rescue / Commodities / Gold and Silver 2010
THE PRICE OF WHOLESALE gold bullion held in its tightest range for more than three months in Asia and London on Thursday, treading water as currency traders awaited details of a European rescue deal for Greece.
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Thursday, February 11, 2010
Bernanke, Geithner, and Mr. Market all say Buy Gold Now / Commodities / Gold and Silver 2010
The correction in gold prices has clearly unnerved many of the newly-minted gold bugs.
The simple fact gold is not going up $20 a day has sent the “hot money” running for the exits.
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