Category: Gold and Silver 2010
The analysis published under this category are as follows.
Friday, October 22, 2010
Gold and Stocks Playing the Quantitative Easing Guessing Game / Commodities / Gold and Silver 2010
By: Clif_Droke
The headline discussion in the financial press of late has been about the recently announced quantitative easing program that the Federal Reserve has said it will undertake in order to further stimulate the economy. Financial commentators have bled their pens dry in speculating what impact the so-called “QE2” will have on stock and commodity prices. Read full article... Read full article...
Friday, October 22, 2010
Setting Up a Grid to Buy The Silver Dips / Commodities / Gold and Silver 2010
By: Dr_Jeff_Lewis
Currency traders have long used a grid system as a way to systematically buy into a currency at differing points and average in their positions. With silver emerging as a currency of choice among ordinary investors and even institutional hedge funds, it’s high time silver investors do the same.
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Thursday, October 21, 2010
Gold Price and Inflation Expectations / Commodities / Gold and Silver 2010
By: Rosanne_Lim
As the US industrial output shrank last month for the first time in over a year, it appears certain that the Federal Reserve will decide to release more monetary stimulus on its next policy meeting on November 2-3. A report on Monday revealed that home-builder confidence might have risen this month but it remains worryingly low. According to Paul Ashworth of Capital Economics based in Toronto, “The industrial production report illustrates, if anything, economic growth is still slowing rather than beginning to pick up again, which is yet another reason for the Fed to unleash QE2 (second quantitative easing)”.
Thursday, October 21, 2010
Robust Long Term Demand Fundamentals for Gold and Silver / Commodities / Gold and Silver 2010
By: Mike_Stall
The precious metals space is poised for robust gains in the long term on the back of strong supply- and demand factors. Declining mine production for precious metals has resulted in a tight supply scenario over the past few years, triggering prices. Key producers including South Africa, the U.S., Australia and Russia are showing signs of a gradual shortfall in potential output, creating a global supply deficit. Two other reasons have coerced prices to attain present levels: the upturn in industrial activities post recession and the return of investors due to subside in volatility. With demand remaining strong, a flat to negative supply scenario augurs well for precious metals.
Thursday, October 21, 2010
Gold Trend Choppy and Indecisive / Commodities / Gold and Silver 2010
By: Adrian_Ash
THE PRICE OF BOTH gold and silver was little changed against the US Dollar by Thursday lunchtime in London, evening out amid "a very choppy and volatile market" according to one dealer.
Asian equities closed the day lower, failing to pick up yesterday's 1.2% gain in US stocks.
Thursday, October 21, 2010
Gold and QE2 - Buy on the Rumour, Sell on the News? / Commodities / Gold and Silver 2010
By: GoldCore
Gold is little changed in London trading this morning with slight losses in dollar and euro terms and slight gains in Swiss franc and British pound terms. Expectations of QE2 are leading to further dollar weakness and continuing strength in commodities and precious metals. Gold could see a pullback on the QE2 announcement as we may see a "buy on the rumour, sell on the news" reaction from traders. However, the pullback would likely be another correction as physical demand, particularly from central banks, looks set to remain elevated for the immediate future.
Thursday, October 21, 2010
The World According to Gold, $1500 by Year End / Commodities / Gold and Silver 2010
By: Midas_Letter
$1500 by year end. That’s what the price of gold is going to be. If you buy an ounce of bullion today, you’ll sell it after the Christmas holidays for a profit of 8+%. The gloves are off in the ring of major global currencies, all the pretence is gone, and it’s a horribly blatant competition to devalue currencies that’s now underway. The disconnect between the actual purchasing power of the increasingly worthless dollar, pound, euro, yen and yuan and their near future purchasing power is the latency inherent in a globalized economy in terms of time. Price inflation is coming: it is the absolute outcome of monetary inflation in the absence of real stimulus (supply shortage and demand increase based on actual economic consumption growth – not rampant counterfeiting)
Thursday, October 21, 2010
Peter Schiff Wrong on Gold Stocks, Small Caps Leveraged to Gold Price / Commodities / Gold and Silver 2010
By: Jordan_Roy_Byrne
Days ago I was watching Peter Schiff on Yahoo Tech Ticker. Normally, I find myself in agreement with Schiff. This time, however I disagreed with his comments on the gold stocks. He was saying to buy GDX because the large-cap stocks were priced for a decline in Gold. He also said the speculative juniors were going nowhere. These things may be true and play out in his favor over the coming months and years.
Thursday, October 21, 2010
What Has Happened to the Gold Price Lately? / Commodities / Gold and Silver 2010
By: Julian_DW_Phillips
The gold price turned around at below the long-term trend line at $1,160 and rose in an almost straight line to $1,360 before building some support at $1,350. This was after almost 18 months of consolidation between $1,050 and $1,250. The long period of consolidation was while the markets believed that there was a good chance that the recovery would gain traction and all would be well. Then the news darkened and fear and uncertainty in large doses returned alongside worrying actions on the U.S. stimulation front and the world's foreign exchanges. But far more than that happened in the gold market. It was and is a combination of all these factors synthesizing that has driven the gold price to present levels.
Thursday, October 21, 2010
Doubling the Value of Silver / Commodities / Gold and Silver 2010
By: Richard_Daughty
With gold and silver going up in price like they are, I spend a lot of time secluded in the Big Mogambo Bunker (BMB), greedily calculating my profit with each little up-tick in price. I am so delighted that I alternate between, on the one hand, happily dreaming of happier days to come when silver and gold have gone up so much in the roaring inflation caused by the Federal Reserve creating so much money that I will have made So Freaking Much Money (SFMM), then, on alternatively, dreading the hyperinflation caused by the Federal Reserve creating so much extra money that it causes societal breakdown in a bleak and horrific post-apocalyptic nightmare of worthless dollars, violent clan rivalries, bloody warlords and weird alien invaders from some distant planet planting spores in our brains.
Thursday, October 21, 2010
Gold and Silver Breakout and Consolidation, China's Greek Dollar Swap Window to Dump Treasuries / Commodities / Gold and Silver 2010
By: Jim_Willie_CB
The Chinese are clever people. Their leaders play a good game of chess in the global scramble for commodity supply and financial dominance. Their patient strategy has tied the arms & legs of the USGovt, using their own debt securities as the binding rope. The accumulate almost reached a staggering $1000 billion, the ugly fruit of the Low-Cost Solution to invest in China from a decade ago. While much attention has come to saber rattling over currency manipulation and tiny 25 basis point interest rate hikes, even battles over rare earth metals, something has been happening in Europe of importance that involve a Chinese back door to dump USTreasurys. To be sure, the USGovt deficits and monetary policy have invited a selloff in the USDollar. In the latter months of 2009 and early months of 2010, the Jackass wrote frequently about the absurd notion of an Exit Strategy from 0% and Quantitative Easing.
Wednesday, October 20, 2010
Reason Why the Gold Price Collapsed / Commodities / Gold and Silver 2010
By: INO
Following the gold market as we do here at MarketClub, it was amazing that nobody, and I mean nobody, was bearish on this market. This always creates a problem as the markets tend to reverse when everyone is on one side and there's no one else left to buy.
Wednesday, October 20, 2010
Gold and Silver Slip But Investors Still Buying the Dips / Commodities / Gold and Silver 2010
By: Adrian_Ash
THE PRICE OF WHOLESALE gold and silver bullion failed to hold a rally in London trade on Wednesday, easing back from a bounce on "decent" Asian demand after a rise in China's benchmark interest rates yesterday sparked what one analyst calls "a knee-jerk sell-off across the commodities."
US crude oil contracts had earlier crept back above $80 per barrel, while broad commodity markets added more than 1%.
Wednesday, October 20, 2010
Gold Weak, Sterling Falls on Economic Concerns over Record UK Public Borrowing / Commodities / Gold and Silver 2010
By: GoldCore
The knee jerk reaction to the Chinese interest rate rise was an increase in risk aversion which saw falls in equity and commodity markets and this contributed to gold falling more than 2%. Poor earnings results also contributed to the weakness in equities. Gold's weakness was also likely due to the dollar rising and to profit taking after gold's recent gains. Support is at $1,325/oz and $1,300/oz and resistance is at $1,374/oz and the record nominal high of $1,385/oz (see chart below).
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Wednesday, October 20, 2010
Could the U.S. Government Seize Your Gold? / Commodities / Gold and Silver 2010
By: Money_Morning
Don Miller writes:
Could the government seize your gold?
It's a question that's being asked with increasing frequency these days. The United States is struggling with a post-financial-crisis economy that can't seem to get healthy, which has led to a ballooning budget deficit and a staggering national debt.
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Tuesday, October 19, 2010
Gold in a Low Inflation Environment / Commodities / Gold and Silver 2010
By: Adrian_Ash
Why this really isn't the early '80s recession replayed...
WHATEVER the problem is, a lack of money it ain't. Just so we're clear. Quite how more money might help, therefore, we can't say.
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Tuesday, October 19, 2010
Gold Plunges to 2 Week Low as U.S. Dollar and Yen Push Higher / Commodities / Gold and Silver 2010
By: Adrian_Ash
GOLD PRICES fell Tuesday lunchtime in London, unwinding an earlier rise made against all currencies bar the US Dollar and Japanese Yen, which then knocked gold bullion back to two-week lows at $1345 per ounce and ¥3530 per gram respectively.
European stock markets also slipped, while US crude oil fell back below $82 per barrel.
Tuesday, October 19, 2010
Gold Mining Stocks and Silver Set for Short-Term Correction / Commodities / Gold and Silver 2010
By: Przemyslaw_Radomski
Whether you call it a recession, or depression, or deflation, or recovery, for tens of millions of Americans, there’s little difference. With the Mid-term elections upon us the odds are that the voters might make the new Congress more conservative.
Generally, it is believed that a more conservative government might lean towards self-control in spending (yeah, right), restraint in Keynesian stimulus policies, which means moderating the quantitative easing.
Tuesday, October 19, 2010
Gold and Silver Try to Maintain Positive Momentum / Commodities / Gold and Silver 2010
By: GoldCore
Gold and silver maintained their positive momentum yesterday and eked out another daily gain after initial weakness. Both are marginally lower today and yesterday's lows of $1352/os and $23.70/os are now short term support which could be tested if we have a period of dollar strength. However, the technicals and the fundamentals remain resoundingly supportive of higher prices and the round figures of $1,400/oz (and $24/oz) remain short term price targets.
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Tuesday, October 19, 2010
How to Play Gold Short-term Top with Options Calendar Spreads / Commodities / Gold and Silver 2010
By: J_W_Jones
Recent price action in stocks and commodities reinforces the “don’t fight the Fed” mantra. What would our central bank be doing if it were not devaluing our currency, attempting to create inflation, and openly manipulating financial markets through a series of supposedly calculated open-market operations? I do not have any market prophecies; my crystal ball is on permanent vacation. The only certainty that presents itself is that the market pundits, the academics, and the analysts do not know exactly what is going to happen in the future.