Category: Gold and Silver 2010
The analysis published under this category are as follows.Sunday, October 10, 2010
Are U.S. Investors Driving the Gold Price? / Commodities / Gold and Silver 2010
The U.S. is a world of well educated, highly sophisticated investors who use an extraordinary well developed set of markets through which to invest into every item that has a market and usually at prices that attract the world of buyers to the oil market, currencies equities bonds and the rest.
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Sunday, October 10, 2010
When Will the Gold and Silver Rally Stop? / Commodities / Gold and Silver 2010
Is it the economy, is it world tensions, who cares, the precious metals just keep on going higher and higher. Where they will stop nobody knows. But they will stop sometimes. Tomorrow or next year, that’s the question?
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Saturday, October 09, 2010
Is the Gold Dollar Seesaw About to Tilt? / Commodities / Gold and Silver 2010
The lines are drawn, the cannons are loaded - the currency war has begun. The opening shots have already been fired with the biggest battles still ahead. This is a superpower currency shoot-out with other counties trying to avoid getting caught in the cross-fire. Each nation is taking unilateral actions to defend its economy from the other in an escalating battle over the value of the world's key currencies.
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Friday, October 08, 2010
Gold, Get it While You Can / Commodities / Gold and Silver 2010
Jeff Clark, Casey's Gold & Resource Report writes: We've got it easy right now. Click or call, and you can quickly and conveniently own a gold coin or bar. But if global concerns cause another panic or the dollar breaks down, you could find yourself standing in a line at the local coin shop or getting a busy signal. Simply, for reasons I'll discuss here, you may find it very difficult to get your hands on physical gold when that time comes.
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Friday, October 08, 2010
Playing with Gold Bull Market Numbers / Commodities / Gold and Silver 2010
Three ways of looking at gold's current bull market...
YOU MIGHT know this chart already. If not, expect to see more of it soon.
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Friday, October 08, 2010
Gold Spikes on "Same Old Story" as US Sheds Jobs / Commodities / Gold and Silver 2010
THE PRICE OF GOLD in wholesale dealing jumped against the Dollar at the start of New York trade on Friday after the Bureau for Labor Studies said US payrolls shed 95,000 jobs in September.
Earlier hitting a 3-session low beneath $1326 per ounce, the gold price had already recovered to $1335 before spiking – briefly – above $1340 on the news.
Friday, October 08, 2010
COMEX Gold and Silver Sell Off Likely To Be Greeted by Eager Physical Buyers / Commodities / Gold and Silver 2010
Gold and silver's weekly gains have been pared but both remain higher for the week so far. Gold and silver fell almost 1% and 2% respectively in trading on the COMEX yesterday. They traded sideways in Asian trading and have resumed their slide in early New York trading. The dollar has bounced from record monthly lows and this is leading to some selling. Profit taking is also likely after the recent run up in price.
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Thursday, October 07, 2010
Gold, Come Hell or High Water…Discipline is Profitable / Commodities / Gold and Silver 2010
Yesterday (Oct. 6th) gold hit an all-time high of $1,349 (spot price) while silver hit a 30-year high of $23.19. Today, Gold and silver are pulling back from these record highs as profit-taking is occurring.
In recent years, you and I have constantly heard about the problems with precious metals. We have seen and heard much about the corrections and bearish forecasts. When a particularly strong pull-back occurs, the critics tell us "the bubble has popped" or "the bull market in gold and silver is over".
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Thursday, October 07, 2010
Silver Surges But Remains 'Ugly Sister' and Still Playing Catch Up With Gold / Commodities / Gold and Silver 2010
Precious metals have risen to new highs on deepening concerns about the US economy and the growing risk of currency devaluations internationally. Gold reached new nominal record highs at $1,364.77/oz and silver reached new 30 year record nominal highs at $23.52/oz.
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Thursday, October 07, 2010
Gold and Silver Defying Gravity / Commodities / Gold and Silver 2010
THE PRICE OF GOLD hit yet another new Dollar high early Thursday, touching $1364 an ounce as the US currency slumped to fresh 15-year lows against the Japanese Yen and world stock markets also fell.
The Euro and British Pound both neared 8-month highs vs. the Dollar after their central banks failed to cut rates or expand their "asset purchase" quantitative easing at today's monthly meetings.
Thursday, October 07, 2010
Chasing Global Currency Crisis Tail-Risk with Gold / Commodities / Gold and Silver 2010
The "tail risk" of a currency crisis worldwide surely deserves close attention...
AH, THE LOVELY Peta Todd...
"[I am] delighted that gold has been found in the Chilean mine where 33 workers are trapped," the topless Page 3 model told readers of The Sun on Wednesday morning.
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Thursday, October 07, 2010
Gold Next Strong Upleg May First Require Consolidation / Commodities / Gold and Silver 2010
The concern in the U.S. is that if the Federal Reserve pumps more money into the system, its efforts will hurt the value of the dollar and possibly stoke inflation, two events that would drive demand for gold. Yet some investors are buying gold on concern that stimulus measures might fail, leading to even deeper problems for the global economy.
For many people buying gold is based on the lack of faith in conventional currencies. If the U.S. currency has the phrase “In God We Trust” printed on every dollar, some feel that an additional statement of belief should be added—“In Gold we Trust.”
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Thursday, October 07, 2010
The 5 year massive bull run in Gold and Gold Stocks continues / Commodities / Gold and Silver 2010
Last August I penned an article predicting a massive five year bull run in gold and gold stocks. I outlined my reasoning and compared this 13 year period from 2001 to 2014 to the tech stock bull from 1986-1999. You can view that article here with the details.
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Wednesday, October 06, 2010
U.S. Mint Raises Premiums 33% to Shut Off Physical Demand / Commodities / Gold and Silver 2010
The US Mint is acting quickly to reduce extreme demand for American Silver Eagles. Just this week, the Mint declared that it would raise dealer premiums from $1.50 per ounce to $2.00, squeezing profit margins on the coins for dealers and making physical metals far more expensive than the spot price.
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Wednesday, October 06, 2010
The Rich Move to Precious Metals / Commodities / Gold and Silver 2010
Before this year, precious metals demand was mostly local, with a few large institutions and investment banks buying shorts on precious metals to mitigate any possible increase in price. However, as time goes on and investment banks around the global shutter their trading desks, big money is now moving into metals. So much big money is moving, in fact, that a number of investment banks are opening up new vaults to keep up with exploding demand.
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Wednesday, October 06, 2010
Gold prices rise but be cautious / Commodities / Gold and Silver 2010
Gold prices hit new all time highs again this week and the last. They are trading around $1340 an ounce. Silver prices are also trading at very high prices, closing in on $23 an ounce.
The recent rise merely indicates what we’ve been saying for a while, that currencies are in trouble. Last week saw Ireland move into the spotlight. It’s government will take steps to prop up it’s ailing banking sector. This could result in costing the Irish government close to Euro 50 billion – two thirds more than its national income in 2009.
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Wednesday, October 06, 2010
Gold Rises to Near Record Nominal Highs in British Pounds but Lags in Euros / Commodities / Gold and Silver 2010
All currencies except for the yen have fallen against gold today. The dollar and sterling have sold off again and the dollar is looking technically vulnerable at 77.61 on the US Dollar Index. Currency markets continue to be the primary focus of markets with growing concerns about competitive currency devaluations. The IMF is now warning of currency wars and the increasing vulnerability of the global financial system.
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Wednesday, October 06, 2010
Gold Ultimate Price Target! / Commodities / Gold and Silver 2010
A little while ago we made a video that projected some amazing levels for gold. Given the strong upward trend in gold and the price action on Tuesday the 5th of October, it is worthwhile looking at this video again.
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Wednesday, October 06, 2010
At the Crossroads of the World's Gold Trade / Commodities / Gold and Silver 2010
Chris Weber writes: One of the reasons I love the San Francisco Bay Area is that it is a crossroads of the world.
Pretty much every type of person, just about every group from everywhere on Earth, resides or visits or otherwise brushes up against one another.
Wednesday, October 06, 2010
Gold New Dollar Highs as Global Currency War Intensifies / Commodities / Gold and Silver 2010
THE PRICE OF GOLD rose to fresh Dollar records above $1350 an ounce early Wednesday, hitting its 16th new all-time high in 17 trading days at the London Fix this morning.
Global stock markets also rose, as did major-economy government bonds, while the US Dollar slipped and commodities held flat.