Category: Gold and Silver 2010
The analysis published under this category are as follows.Wednesday, February 03, 2010
The Future Chapter of Investing: Precious Metals / Commodities / Gold and Silver 2010
Slowly but surely, the path to the future of investing is being carved. This time, it isn't equities or debt that is leading the charge; it’s none other than precious metals.
Read full article... Read full article...
Wednesday, February 03, 2010
Copper Commodity Market Top? / Commodities / Gold and Silver 2010
Copper, the metal with the Ph. D. in economics, has retreated some 12% over the last 4 weeks. Possible causes include: 1) slowing economic growth; 2) withdrawal of stimulus money worldwide especially in China; 3) supply demand imbalances; and 4) bubble dynamics that has seen excessive speculation in the metal.
Read full article... Read full article...
Wednesday, February 03, 2010
Gold and Euro Daily Media Noise / Commodities / Gold and Silver 2010
Five stars, one Dollar exchange rate, and a 51% gain in gold...
"GOLD RETREATS as Dollar gains," says a headline from Dow Jones Newswire.
Read full article... Read full article...
Wednesday, February 03, 2010
Gold Technical Turn Bullish / Commodities / Gold and Silver 2010
SPOT PRICES for wholesale gold eased off a new two-week high Wednesday morning in London, slipping back from $1125 an ounce as world stock markets also erased early gains.
Crude oil held onto Tuesday's 3.8% rise. Government bonds ticked lower, nudging interest rates up.
Wednesday, February 03, 2010
Gold Price Bubble, Is George Soros Right or Wrong? / Commodities / Gold and Silver 2010
George Soros has been quoted recently as saying gold is in a bubble. Now that's an interesting comment but based upon what?
Who are we to question the comments of one of the wealthiest men on the planet?
Read full article... Read full article...
Wednesday, February 03, 2010
Gold Breaks Above Euros €800/oz on Eurozone Debt Problems / Commodities / Gold and Silver 2010
Gold (and silver) rose some 1% yesterday prior to range trading in the US yesterday from - $1,110/oz to $1,115/oz. It has moved upwards Asian trading so far this morning jumping from $1,113/oz to $1,124/oz. Gold is currently trading at $1,121.00/oz and in Euro and GBP terms, gold is trading at €802/oz and £700/oz respectively. The continuing problems in the Eurozone are seeing the gold rise in Euro terms and a weekly close above €800/oz will be very positive technically.
Read full article... Read full article...
Wednesday, February 03, 2010
Silver Strong Long-term Bull Market, But Short-term Volatility / Commodities / Gold and Silver 2010
Perhaps you may have heard mentions recently of the Austrian School of Economics versus the Keynesian branch. Maybe you saw televised interviews with Congressman Ron Paul (R-Texas.) He is the Congressman who has been trying for decades to pass a bill that would give Congress the power to audit the Federal Reserve Bank. What was once a ridiculed, marginal proposal recently passed the House and will soon be considered by the Senate.
Read full article... Read full article...
Wednesday, February 03, 2010
Gold Investing and Nincompoops / Commodities / Gold and Silver 2010
My Grandmother’s favorite word for politely describing the obtuse among us aptly characterizes a recent attack on gold. And that it comes from an investment magazine that commands front-of-the-rack prominence in waiting rooms across our great land is reassuring evidence we have a long way to go in this gold bull market.
Read full article... Read full article...
Tuesday, February 02, 2010
Higher Highs coming in Gold! / Commodities / Gold and Silver 2010
The recent peak in gold on December 2nd was interrupted by a pullback that most likely ended with a double bottom on Jan 28th. To help us determine if this pull-back is ready to give way to the next big rally we take a look at all of the pullbacks of 10% or more since the Gold Bull started its run in 2001. There have been 9 such pull-backs, including the one just ending.
Read full article... Read full article...
Tuesday, February 02, 2010
Gold Jumps on Strong Demand Indicating Money-Velocity and Inflation / Commodities / Gold and Silver 2010
THE PRICE OF GOLD added to yesterday's 2.3% jump to reach 8-session highs Tuesday morning in London, while world stock markets also pushed higher and the US Dollar dipped from a 6-month high on the currency market.
Wholesale gold dealers noted "strong physical demand" in Asia, with "weak shorts" adding to the buying pressure, forced to close their bearish positions at rising prices.
Tuesday, February 02, 2010
Gold Rises Strongly as its Long Term Inverse Correlation to Equities Asserts Itself / Commodities / Gold and Silver 2010
Gold had a strong run in US trading yesterday closing above the psychological $1,100/oz at $1,103.60/oz. It moved sideways in Asian trading so far this morning prior to rising to $1,114/oz at the London AM Fix. Gold is currently trading at $1,114.50/oz and in euro and GBP terms, gold is trading at €794/oz and £694/oz respectively.Read full article... Read full article...
Monday, February 01, 2010
Gold and Silver the Next Rolling Bubble / Commodities / Gold and Silver 2010
A point I wanted to make clear with respect to our discussion the other day is hyperinflation must be justified in the minds of the doers, having the political will of the people behind them. This is why we will need another round of financial crisis for public consumption, and we know from comments made earlier in the week the set-up is for a possible black swan event in summer, with stocks topping out no later than spring.
Read full article... Read full article...
Monday, February 01, 2010
Gold Bounces as Speculative Excess Pulls Back / Commodities / Gold and Silver 2010
THE PRICE OF GOLD jumped into the start of New York dealing on Monday, rising 1.3% from last week's 3-month low as world stock markets struggled to hold flat.
Crude oil ticked back above $74 per barrel, while European government bonds were unchanged but US Treasuries fell ahead of President Barack Obama's 2010 budget announcement.
Monday, February 01, 2010
Gold Trend Remains Firmly Down Despite Dollar Rally Confronted by Massive US Budget Deficit / Commodities / Gold and Silver 2010
Gold fell slightly on Friday to result in slight fall for the week and a slight fall for the month of January - gold was down 1.1% in January. Gold started the first week of February at $1,081/oz and rose to $1,084/oz in Asian trading. Gold is currently trading at $1,081.60/oz and in euro and GBP terms, gold is trading at €780/oz and £681/oz respectively.
Read full article... Read full article...
Monday, February 01, 2010
Gold Bugs Short-term Pain But Long-term Gains / Commodities / Gold and Silver 2010
In the short term, gold bugs are in pain. The last 3 weeks have seen a pull back to the Dec. 22 low of $1,075 and have created a lot of short term anxiety. We have two possibilities. Either gold will continue down to the $1,000 support level, or it has already made its turn, will leave a gap above $1,000 and then break out above $1,229, April contract (the Dec. 3 high).
Read full article... Read full article...
Monday, February 01, 2010
Nymex Gold Futures and Options Trading / Commodities / Gold and Silver 2010
The J.E.D.I. Way will received a fill of $4.70 on its purchase order of the following put option on Nymex Gold on Monday, January 25, 2010:
(1) 1 - Nymex Gold April 2010 950 Put Option (Ticker Symbol: GCJ1950P)
Read full article... Read full article...
Sunday, January 31, 2010
Gold and Silver Melting Down or Bottoming / Commodities / Gold and Silver 2010
The past two months have been tough on the precious metals sector. We saw precious metals lead the market higher all of last year until December 2009 when prices plummeted as the US Dollar started to bounce. The continued rise in stocks indicated an extreme overbought condition and alerted us that a sharp pullback was going to take place.
Read full article... Read full article...
Sunday, January 31, 2010
Gold, Commodity and Stock Markets Are at a Critical Juncture / Commodities / Gold and Silver 2010
In this Gold Market update we are going to "cast our net wide" and consider the outlook not just for gold and PM stocks but also the dollar, other commodities and the the broad US stockmarket. The reason for this is that COMMODITY AND STOCKMARKETS ARE AT A CRITICAL JUNCTURE AND MUST REVERSE TO THE UPSIDE IMMEDIATELY to avert the risk of a catastrophic decline, similar to 2008 or even worse. The severe deterioration last week, which included a sharp breakdown by copper and PM stock indices starting to break down, and also the erosion of critical support in commodity and stockmarkets generally, has greatly increased downside risk. Should these markets accelerate into freefall, it will mean that the specter of deflation has come back to haunt the markets.
Read full article... Read full article...
Sunday, January 31, 2010
Silver Short-term Oversold Amidst Rapidly Worsening Broader Picture / Commodities / Gold and Silver 2010
After rising up to the return line of a high channel, silver broke lower and then plunged precipitously back to support near its 200-day moving average. We saw this coming and sidestepped it a day before the decline started in earnest, although the rise predicted to follow this reaction now looks way too optimistic given the severe deterioration that has set in across most markets, including in particular the copper and PM stock index breakdowns, which is increasing the risk of another deflationary rout.
Read full article... Read full article...
Sunday, January 31, 2010
Bernanke on the rise of GOLD / Commodities / Gold and Silver 2010
Bernanke was asked specifically whether the rise of GOLD should get him worried about the dollar reserve status. He doesnt seem to be too worried. But then he was not worried when the sub prime crisis was blowing off into his face in 2008.
Read full article... Read full article...