Category: Gold and Silver 2010
The analysis published under this category are as follows.
Thursday, January 21, 2010
Gold Tumbles and UK Slips into Wage Deflation / Commodities / Gold and Silver 2010
By: Adrian_Ash
THE PRICE OF GOLD dropped for the second day running in London on Thursday, taking this week's loss to almost $30 per ounce before bounce off 3-week lows at $1102.50.
Emerging-world stock markets shed another 0.8%, while commodities steadied but the US Dollar extended its 5-month highs against the Euro.
Thursday, January 21, 2010
Gold, A Technical Perspective / Commodities / Gold and Silver 2010
By: Dudley_Baker
With the big $27an ounce sell off in gold on Wednesday, many are ready to throw in the towel, again.
Every time we have a significant sell off, on any given day, everyone gets panicky. We have seen this numerous times in the past and we will continue to see days of panic in this long term bull market.
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Thursday, January 21, 2010
Gold Plunges as Chinese Tightening Leads to Economic Jitters and Risk Aversion / Commodities / Gold and Silver 2010
By: GoldCore
Gold fell 2.2% yesterday and has fallen again in early London trading and is testing support at $1,100/oz. More significant support is at $1,080/oz and a close below that level could lead to a fall to stronger support at previous resistance at $1,030/oz. Gold is currently trading at $1,105.00/oz and in euro and GBP terms, gold is trading at €787/oz and £684/oz respectively. The possible insolvency of Greece with the attendant negative ramifications for the euro is seeing gold continually test the €800/oz mark.
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Thursday, January 21, 2010
What's Driving the Gold and Silver Prices Now? / Commodities / Gold and Silver 2010
By: Julian_DW_Phillips
The gold market changed dramatically in 2009 and thanks to GFMS we now have evidence of these changes. The main features of these changes are: -
Mine production was up by 6% in 2009. Supply of gold scrap was up by 27%. Jewelry demand was down by 23%. World Investment jumped from 885 tonnes to 1820 tonnes, a year-on-year gain of 105%
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Wednesday, January 20, 2010
Gold Price Slides As U.S. Dollar Gains / Commodities / Gold and Silver 2010
By: LiveCharts
The spot rate gold price has dipped back to $1,122.10 per ounce thanks to the continuing resurgence of the dollar. The dollar has improved slowly but steadily in recent weeks as it becomes more likely the Fed will raise interest rates sometime in the next several months.
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Wednesday, January 20, 2010
Gold and Base Metals Breaking Currency Link / Commodities / Gold and Silver 2010
By: Adrian_Ash
THE PRICE OF GOLD for Euro investors rose for the third session running in Asia and London on Wednesday, but slipped to $1125 vs. the Dollar as global stock-markets and commodities fell on news of fresh credit tightening by the Chinese authorities.
Tuesday, January 19, 2010
Precious Metals Stocks Provide Important Details Regarding The Next Gold Bottom / Commodities / Gold and Silver 2010
By: Przemyslaw_Radomski
In the previous essay dedicated to gold and silver we have summarized that the very-long-term price projections are still in place and paint a bullish picture for long-term investors holding gold, silver, and corresponding equities. On the other hand, the short-term outlook remains bearish for the precious metals market.
Tuesday, January 19, 2010
Gold Set to Break Higher as UK Inflation Jumps / Commodities / Gold and Silver 2010
By: Adrian_Ash
THE PRICE OF GOLD slipped against the US and UK currencies on Tuesday but rose to a one-week high for Euro investors as the single currency fell on a series of poor data.
Construction output in the 16-nation Eurozone shrank 8% in Nov. from the same month in 2008, new figures showed. Economic sentiment in Germany also fell on the ZEW survey.
Tuesday, January 19, 2010
Gold to Hit $1,600 in 2010 as Financial and Economic System Collapse / Commodities / Gold and Silver 2010
By: LewRockwell
Gold price volatility has picked up in the past few weeks as diverging views about the next move in the price of gold have intensified. The gold price declined $152 off its early December high of $1,226.50 before rallying to move comfortably back above $1,100 per ounce. While gold has seen violent daily and monthly oscillations, the longer-term trend has been decidedly positive over the past decade – with investors driving up the gold price 281% over the past ten years.
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Monday, January 18, 2010
Gold the Only Defence Against Bad Keynesian Economic Policies / Commodities / Gold and Silver 2010
By: Ned_W_Schmidt
In the 1930s, as the world was deep in economic depression, Keynes put forth some ideas on remedying the situation. Before any determination of the effectiveness of those proposals, the Third Reich invaded Poland. With that 1939 event, the second world war was born. While world war did not improve the economic conditions of the world, it did put a lot of people to work.
Monday, January 18, 2010
Gold ETFs Shrink as New Platinum, Palladium Funds Draw Aggressive Buying / Commodities / Gold and Silver 2010
By: Adrian_Ash
THE GOLD PRICE ticked higher for US and Euro investors early Monday but held inside a tight range while Asian stock markets closed the day 1% lower and European shares rose.
Little economic news was due for release as US markets stayed closed for Martin Luther King Day.
Monday, January 18, 2010
The Three Major Questions That Will Determine the Gold Price in 2010 / Commodities / Gold and Silver 2010
By: Miles_Banner
2009 saw the FTSE Industrial Metals and Mining sector return more than 350% for the year. The dollar index fell by 4.2% and gold raced to a new record of US $1,226, eventually dropping to a 24% gain over the year.
Monday, January 18, 2010
Gold and the Science Of Market Speculation / Commodities / Gold and Silver 2010
By: Howard_Katz
The gold market appears to be just a little past a crucial turning point. At the time of the Dec. 3, 2009 top, my expectation was for a short term decline to $1,000. It appears that this was too pessimistic, and the evidence now says that gold had a short term bottom at $1,075 on Dec. 22, 2009.
Saturday, January 16, 2010
Gold Price Waiting for Trigger for a Futher Decline / Commodities / Gold and Silver 2010
By: Merv_Burak
Unexpected events often have a shock effect on the markets. The shock may last for some time or go away quickly. As far as the precious metals market is concerned, the recent earthquake should have only a minor effect.
Friday, January 15, 2010
Gold and Silver Taking a Breather or Beginning a New Downtrend? / Commodities / Gold and Silver 2010
By: Przemyslaw_Radomski
President Obama’s administration has not been aggressive enough in fixing the root causes that led to the near economic collapse. In a recent speech, Federal Reserve Chairman Ben Bernanke said that it was regulatory failure, not low interest rates that were responsible for the housing bubble and subsequent financial crisis.
Bernanke denied any Fed culpability for inflating the housing bubble and blamed the "under-regulated" financial sector, which had designed and sold unconventional and exotic mortgage products which later turned out to be toxic.
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Friday, January 15, 2010
U.S. Dollar Rally Could Put Gold Under Pressure / Commodities / Gold and Silver 2010
By: Mike_Paulenoff
Apart from why the dollar (DXY) abruptly reversed to the upside this morning, purely from my technical perspective this action is what I have been awaiting: some signal that all of the corrective-looking weakness off of the Dec 22 high at 78.45 into the 1/13 low at 76.60 actually was a correction.
Friday, January 15, 2010
How Does the U.S. Dollar Really Affect the Gold Price? / Commodities / Gold and Silver 2010
By: Julian_DW_Phillips
General view of U.S. influence on the gold price - We have to ask ourselves what prompts investors large and small to go out and buy gold for their portfolios. Are they moved by a single piece of news that is seen on television or one piece of U.S. economic news? No, the average gold investor has accumulated reasons over time, which convinces him that it is wise to hold gold. But the real truth is that the gold market is global and affected by a vast number of investors each with his own reasons for buying gold from Mongolia to Manhatten. And at this moment in time, it is the non-U.S. investor that is driving the gold price.
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Friday, January 15, 2010
Gold Consolidates as US Regulator Targets Speculation / Commodities / Gold and Silver 2010
By: Adrian_Ash
THE PRICE OF GOLD in Dollars ticked back from $1145 per ounce for the third time in two days early Friday, slipping in what one dealer called "choppy trading" as silver also retreated.
"We are riding a small Elliot Wave higher," said Thursday technical analysis from Scotia Mocatta, the bullion bank.
Friday, January 15, 2010
Is the Gold Correction Over? / Commodities / Gold and Silver 2010
By: Seven_Days_Ahead
The Technical Trader’s view:
Thursday, January 14, 2010
Gold Super Spike to $5,000 / Commodities / Gold and Silver 2010
By: Money_Morning
Peter Krauth writes: Let me get right to the point. Gold's going to $5,000 an ounce.
I know that sounds preposterous to most people. In fact, some of you probably think I'm crazy.