Category: Gold and Silver 2010
The analysis published under this category are as follows.Wednesday, January 27, 2010
The Best (and Worst) Places to Store Silver / Commodities / Gold and Silver 2010
After amassing a collection of silver coins, you quickly realize you have to find a place to store it – quickly. There are a number of ways and places to safely and discretely store your silver to protect it from corrosion, as well as theft.
Read full article... Read full article...
Tuesday, January 26, 2010
Gold and Silver Fall Again Towards Major Support / Commodities / Gold and Silver 2010
THE PRICE OF GOLD fell against all currencies except the Euro early in London on Tuesday, dropping near 4-week lows at US$1083 per ounce as the Japanese Yen and US Dollar rose, and world stock markets slipped yet again.
Crude oil dropped further below $75 per barrel while government bonds rose worldwide.
Tuesday, January 26, 2010
UK Economy Struggling to Recover, Sterling Gold Testing Resistance at £700/oz / Commodities / Gold and Silver 2010
Gold closed higher in New York yesterday at $1,096.85/oz. It rose overnight in Asia to over $1,103/oz prior to giving up those gains and moving downward slowly. Gold is currently trading at $1,091.00/oz and in euro and GBP terms, gold is trading at €775/oz and £674/oz respectively.
Read full article... Read full article...
Tuesday, January 26, 2010
Financial Elite’s Behaviour Has Opened Floodgates for Gold / Commodities / Gold and Silver 2010
In spite of philosophical differences in many areas of politics and economics, Ron Paul and Simon Johnson agree that the cosiness that exists between the U. S. Congress and the financial elite has not worked, and is not working, in the best interest of the average American. They both suggest that major changes must be made in that relationship to strengthen the American economy. Is it too late, however, to avoid the repercussions of an even weaker greenback, rising inflation and the opening of the floodgates in the price of all investments related to gold and silver?
Read full article... Read full article...
Monday, January 25, 2010
Why I Hope Gold Price Falls to $1,000 / Commodities / Gold and Silver 2010
As a self-professed gold bug, why would I possibly want my favorite investment to fall in value? Have the long hours finally caught up with me?
Read full article... Read full article...
Monday, January 25, 2010
Gold Unfinished Business on the Downside / Commodities / Gold and Silver 2010
If my work in spot gold is accurate, then the SPDR Gold Shares (NYSE: GLD) has unfinished business on the downside that will break the Dec-Jan lows at 105.31 and 106.01, on the way to 103.00-100.00 to complete the larger correction off of the 12/03 high at 119.54. For such a new downleg to emerge, my suspicion is that gold weakness will be a function of a sharp surge in the dollar. The question is what will trigger a flight to dollars. Global stock market weakness? European economic and/or “union” disintegration? Or continued fears of a contraction in China?
Read full article... Read full article...
Monday, January 25, 2010
Gold Following Euro Lower on Greece Debt Default Fears / Commodities / Gold and Silver 2010
THE PRICE OF GOLD failed to hold a brief rally above $1100 an ounce early in London on Monday, slipping back against all major currencies as Asian and European stock markets fell for the fourth session running.
US stocks ended Friday with their worst weekly loss since March 2009, back when the S&P 500 index hit a 12-year low.
Monday, January 25, 2010
Gold and Financial Markets Await Bernanke Re-Nomination / Commodities / Gold and Silver 2010
Gold is trading at $1,102/oz. In euro and GBP terms gold is trading at €777/oz and £682/oz. Support for gold is currently seen at $1,076/oz and resistance at $1,115/oz. Some calm has returned to markets in Europe after the sell off on Wall Street Friday and in Asia overnight.
Read full article... Read full article...
Sunday, January 24, 2010
Gold Scary Price Drop, When Every One Panics, Buy? / Commodities / Gold and Silver 2010
This week’s gold price drop almost looks scary but I’ll wait for a drop below $1075 before getting all flustered. The potential head and shoulder pattern (mentioned in previous weeks) remains in effect until then.
Read full article... Read full article...
Sunday, January 24, 2010
A Crucial Number for Silver Investors / Commodities / Gold and Silver 2010
Six years ago, on January 15, 2004, I officially recommended silver for readers of my Weber Global Opportunities Report.
We'd had silver stocks, and I'd owned silver personally, but I was waiting for silver to fall in order to get in at a better price for the newsletter readers.
Saturday, January 23, 2010
Gold Price Could Crash Below $1,000 / Commodities / Gold and Silver 2010
David Lew writes: After the historic boom, is gold price climbing down to $1,000 per ounce, to confirm to the controversial prediction that noted economist Nouriel Roubini made some weeks back? It looks so as gold is going bearish, in the weight of economic nervousness coming from the two important countries that matter – United States and China.
Read full article... Read full article...
Saturday, January 23, 2010
Gold is Money and Insurance Not an Investment, Tougher Year for PM Stocks / Commodities / Gold and Silver 2010
Itchy money made 2009 one of the best years on record for the junior resource sector, according to Mickey Fulp, the Mercenary Geologist. In sector terms, it won't be so easy to prosper in 2010, but nevertheless he's confident about the prospects ahead for specific companies that remain undervalued with respect to their peers. Further, he tells The Gold Report in this exclusive interview, by careful consideration of three key criteria—share structure, people and projects—investors have a strong chance of picking up equities that could double within 12 months.
Read full article... Read full article...
Friday, January 22, 2010
Counterfeit Gold, China's Next Big Fake Goods Export Market? / Commodities / Gold and Silver 2010
Dude Is That Gold Bar for Real?
As the 10-year gold bull continues its stunning run, rumors of fakery seem to be cropping up as fast as new Eagles can be minted. Should you be worried? Do you need to run to the coin shop for a home test kit?
Read full article... Read full article...
Friday, January 22, 2010
Silver Bull Market Seasonal Trend Analysis / Commodities / Gold and Silver 2010
Seasonality, the tendency for prices to consistently move in the same direction at particular times in the calendar year, is always fascinating. While it is intuitive for commodities dominated by orbital-mechanics-driven annual patterns, such as natural-gas demand surging in the cold winters, seasonality also exists in commodities without clear calendar connections.
Read full article... Read full article...
Friday, January 22, 2010
Is Gold's China Plunge A Physical Bullion Buying Opportunity? / Commodities / Gold and Silver 2010
THE PRICE OF GOLD held above yesterday's 3-week low in London on Friday, trading at $1093 per ounce as Asian stocks closed the week 5% lower on further signals that Beijing is moving to curb China's runaway credit growth.
Crude oil fell below $76 per barrel. Western government bonds rose.
Friday, January 22, 2010
Obama and Volcker Banking Reforms Spook Markets / Commodities / Gold and Silver 2010
Gold fell a further 1% yesterday and is trading at $1,093.80/oz. In euro and GBP terms gold is trading at €774/oz and £673/oz. Support for gold is currently seen at $1,088/oz and resistance at $1,112/oz.
Read full article... Read full article...
Friday, January 22, 2010
Silver Commodity Bears Look Well-Placed / Commodities / Gold and Silver 2010
The impressive 2009 recovery in Silver began to show signs of maturing in the latter part of the year, with price action in Dec giving a hint of bear fatigue. We remain content with the bearish stance that we hold in the Commodity Specialist Guide and now expect to see further confirmation of this.
Read full article... Read full article...
Thursday, January 21, 2010
Gold and Silver Plunge, The Final Part of The Downswing? / Commodities / Gold and Silver 2010
Although the picture this past year has been bleak, there are plenty of bright spots around the world. We touched on this point in one of our recent essays, and we would like to elaborate further. In economic terms, this decade was very kind to countries like China, India, Brazil and Indonesia. If you exclude the U.S., they also happen to be the four most populous nations in the world (The U.S. ranks third.) Together, they account for more than 40 per cent of the world’s population. All four countries have made remarkable progress this decade in terms of economic growth and standards of living.
Read full article... Read full article...
Thursday, January 21, 2010
Reasons Why Silver is the Most Undervalued Commodity / Commodities / Gold and Silver 2010
Silver prices still have a long way to rise before reaching their top. From industrial applications to its relative value, it’s easy to make the case that silver remains one of the most undervalued commodities.
Read full article... Read full article...
Thursday, January 21, 2010
Why Physical Silver Investors Love ETFs But Not Owning Them / Commodities / Gold and Silver 2010
Despite the various reasons silver investors should not buy exchange-traded funds and instead opt for physical metals, there are also many reasons why investors should love them.
Read full article... Read full article...