Category: Gold and Silver 2010
The analysis published under this category are as follows.Monday, January 11, 2010
My Journey Into Economics Says Virtually Everything You have Been Taught is a Lie / Commodities / Gold and Silver 2010
My journey into economics began in 1956 when I was a sophomore at Harvard. A classmate was arguing with me that the Federal Government did not have to balance the budget. He was sure of this because his professor had told him so.
My thinking was different. “If the Harvard Department of economics did not believe that we had to balance the budget, then they must be a bunch of idiots. I have nothing to learn from such people. I will learn my economics when I’m out of here Good bye John Harvard.”
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Monday, January 11, 2010
Dollar Trend and Gold Technicals and Hint at Further Downside / Commodities / Gold and Silver 2010
This past week the dollar did not seem to have as great of an impact on other markets as it usually does. Some investors believe a decoupling is taking place. I’m not convinced, at least not yet.
One week does not constitute a trend. The dollar’s December rally did not negatively affect the stock market, however, that may not continue to be the case. Time will tell. As the charts below show, the dollar has formed a falling flag. Whether the dollar breaks up or down out of the flag will have repercussions in other markets.
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Sunday, January 10, 2010
Gold Bounces Off Long-term Critical Suppport Trend Line to Target $1575 2010 / Commodities / Gold and Silver 2010
The first full week of trading in three weeks has been kind of positive but not all that bullish. Speculators are slowly dragging themselves away from their vacation spots and greater trading activity is expected over the next few weeks. For now, let’s see where we are.
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Friday, January 08, 2010
Gold Moves Higher, Start of a New Upleg? / Commodities / Gold and Silver 2010
The decade just ended was one in which the U.S. endured two market crashes, one at each end of the decade, the terrorist attacks of 9/11, a war in Afghanistan and a fiasco in Iraq that still drag on, Wall Street scandals highlighted by Enron, Hurricane Katrina, and the recent near economic meltdown. Is it any wonder then that Time Magazine couldn’t quite decide how to call this decade? The magazine came up with a few names: Decade from Hell, or the Reckoning, or the Decade of Broken Dreams, or the Lost Decade.
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Friday, January 08, 2010
HSBC Says "Get Your Gold the Hell Outta Here!” / Commodities / Gold and Silver 2010
Doug Hornig writes: That’s the directive that came down from HSBC USA in late November.
It seems that everyone these days wants gold. Real, physical gold coins that they can hold in their hands, or bars that they’re assured are resting safely in a well-guarded vault. HSBC’s New York vault, for example, buried deep below its 5th Avenue tower, where it has stored people’s gold since it inherited the facility from Republic Bank a decade ago.
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Friday, January 08, 2010
One More Nail In The Coffin Of The Gold Bears / Commodities / Gold and Silver 2010
“The State is that great fiction by which everyone tries to live at the expense of everyone else.” ….. Frederic Bastiat.
The bullish case for gold continues to build. The old adage ‘more dollars chasing fewer goods’ is particularly apt for gold.
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Friday, January 08, 2010
Gold Price Spikes Higher as U.S. Jobs Report Disappoints / Commodities / Gold and Silver 2010
Just when it appeared that the gold price was ready to reverse its long-running and fast-paced upward trend, speculators have begun to jump back in. After falling to a 60-day low of $1,080.50, the price of gold reached its highest point in just over a month at the close of New York trade on January 6th.
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Friday, January 08, 2010
Gold Price Suppression and Management to End / Commodities / Gold and Silver 2010
Is the Gold Price really Managed or Suppressed?
We have absolutely no doubt that the gold price has been and may well be, being either suppressed or managed.
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Friday, January 08, 2010
U.S. Dollar vs. Gold Forecast 2010 / Commodities / Gold and Silver 2010
In my last column, my predictions for 2010 (or at least the first part of it) were that both the stock market and commodities are destined for a fall, and that the dollar is the only major asset primed for a significant rise. This generated such reader comments as...
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Friday, January 08, 2010
Gold Stocks and The Market Forecast for 2010 / Commodities / Gold and Silver 2010
David Banister writes: I wrote a post here for ATP called “The bull case is not dead yet”. This ended up as an article on 321Gold.com, which you can review here: Bull Not Dead Article- Banister. I stuck my neck out, which I love to do once in awhile when the contrarian mood strikes me. I wrote a Feb 25th article this year going very bullish on the markets when everyone was bearish. I wrote an article in early August going very bullish gold and gold stocks, when they were not in bull mode. Obviously, if you stick your neck out enough you’ll get your head chopped off, but I only write these every 3-4 months or so… so far, so good.
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Friday, January 08, 2010
Still Bullish on Gold and Gold Stocks 2010 / Commodities / Gold and Silver 2010
Still all in on Gold and the Gold sector. My Gold is not for sale or trading, it is my cash and cash is king in a secular bear market. My Gold stocks are speculative vehicles with significant inherent risk that I largely trade in and out of, for better or for worse. I remain rabidly bullish on Gold and Gold stocks at current levels.
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Friday, January 08, 2010
Non-Farm Payrolls Sends Gold Higher and Dollar Lower as U.S. Job Losses Continue / Commodities / Gold and Silver 2010
THE WHOLESALE PRICE of gold bullion jumped after falling sharply in Asian trade on Friday, hitting $1130 an ounce after the United States reported much-worse-than-expected job losses for December.
Falling by 85,000 against forecasts of a possible rise, non-farm payrolls shrank for the 23rd month running, taking the total number of jobs lost since Jan. 2008 to 6.4 million.
Thursday, January 07, 2010
Gold's Steadfast Performance / Commodities / Gold and Silver 2010
Randal Strauss writes: From the end of 2001 ($276.50) to the end of 2009 ($1104.00), gold has exactly quadrupled in value, registering fairly modest and methodical gains each and every year for the past eight years. From any fair-minded assessment, there is certainly nothing frothy or bubbly about its performance of the past year as it compares very typically to the range of these other annual metrics on a percentage basis.
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Thursday, January 07, 2010
Gold Slips as France Slams "Monetary Disorder" / Commodities / Gold and Silver 2010
THE PRICE OF GOLD drifted $10 lower to $1130 an ounce in Asian and London trade on Thursday, holding 3% better for the week so far as world stock markets also fell.
Crude oil slipped back from new 15-month highs above $83 per barrel. US Treasury bonds fell but the Dollar rose on the forex market.
Thursday, January 07, 2010
Gold Investor Caution on Mixed Data and Macro Risks / Commodities / Gold and Silver 2010
Gold and silver rallied another 2% yesterday and gold reached as high as $1,140/oz overnight and has dropped slightly to rang trade between $1,134/oz and $1,131/oz. Gold is currently trading at $1,132.00/oz and in euro and GBP terms, gold is trading at €789/oz and £711/oz respectively.
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Thursday, January 07, 2010
Marc Faber Says Gold Is Cheap at $1100 Per Ounce / Commodities / Gold and Silver 2010
Global investing guru and publisher of the infamous Gloom, Boom and Doom report Marc Faber says gold is cheap at $1100 per ounce, reports Commodity Online from its Singapore office.
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Thursday, January 07, 2010
Gold 2010, This Time Is Different? / Commodities / Gold and Silver 2010
Buying gold today is a bet on things staying all too much the same...
TWO-THOUSAND-and-NINE should have been the year gold took a breather.
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Thursday, January 07, 2010
Gold Forecast Trend for January 2010 / Commodities / Gold and Silver 2010
The chart below is the ETF for gold (GLD). The chart will at first seem busy but we will take it one at a time and use it as a basis to map out the outlook. Let's start from the top.
Cycle - The typical gold cycle has a peak price between Mid February/March and a secondary bounce into May/June. In the chart below we can see the long term peaks hitting the top of the upper channel line. (Gold Arrows) The next peak is not due until this mid winter. But we hit the top of the LONG TERM UPPER CHANNEL LINE....a line that has marked the upper boundary of all the gold market peaks during last decade. Did we just get our cycle peak early?
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Wednesday, January 06, 2010
China's Private Gold Demand Beats 2009 Forecast / Commodities / Gold and Silver 2010
THE WHOLESALE PRICE of investment gold rose further in Asia and London on Wednesday, breaking 12-session highs above $1130 an ounce as world stock markets struggled and the Dollar ticked higher on the currency market.Read full article... Read full article...
Wednesday, January 06, 2010
Silver Surges and Gold Rises as Oil Hits 15-Month High / Commodities / Gold and Silver 2010
Gold rose again yesterday (marginally) and then dipped to $1,118.50/oz overnight and has recovered since. Gold is currently trading at $1,125.00/oz and in euro and GBP terms, gold has risen and is trading at €784/oz and £702/oz respectively. Gold is back above £700/oz as sterling has weakened on increasing concerns about the very large UK fiscal deficits. Gold priced in euro also remains robust as there are lingering concerns about the problems in Iceland but more importantly in Greece (not to mention Ireland and Spain).
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