Category: Gold and Silver 2010
The analysis published under this category are as follows.Sunday, October 03, 2010
Colombian Gold and Alder Resources / Commodities / Gold and Silver 2010
Colombia is a constitutional republic bordered to the east by Venezuela and Brazil, to the south by Ecuador and Peru, to the north by the Caribbean Sea (home to 20% of the population and the location of the major port cities of Barranquilla and Cartagena), to the northwest by Panama and to the west by the Pacific Ocean (the principal Pacific port is Buenaventura).
Read full article... Read full article...
Sunday, October 03, 2010
In Gold We Trust, The Fed Can’t Print It, $1500 Forecast Target / Commodities / Gold and Silver 2010
We continuously ask friends to send links to stories on gold they encounter in their daily excursions on the Internet. These are people who do not follow the financial markets. We want to get an indication of how many gold stories ordinary folks are bumping into. We were away for a week and upon returning we had almost 200 e-mails in the inbox among them many links to gold stories sent by our diligent friends. Even before zealously tackling the charts and tools, this made us think that the recent run up is not the start of a big runaway rally that would take us to $1,500. A correction is needed first.
Read full article... Read full article...
Sunday, October 03, 2010
Gold Eternal Bull Market to Set New Record Highs Eternally / Commodities / Gold and Silver 2010
Gold added nearly five percent to its cost on world markets in September setting absolute records almost every day during the month. Even if gold dropped a little on the last day of September due to the growth of the US dollar against world currencies, analysts are certain that the precious metal will continue to set more new records in the future.
Read full article... Read full article...
Saturday, October 02, 2010
Gold Homes in On $1333 Minimum Forecast for 2010, Silver's Leveraged Breakout / Commodities / Gold and Silver 2010
This week the Gold price blasted through $1300 resistance to close at £1319 on Friday with most other commodities either leading or lagging Gold's bull run such as crude oil soaring during the week to close up more than 7% at $81.61.
Read full article... Read full article...
Friday, October 01, 2010
London Bullion Market Association 2010: Hyperinflation Back to the Future Part2 / Commodities / Gold and Silver 2010
"Forget mining and central banks. Here's the single most important gold supply issue today..."
IT WAS TOUGH once again to meet any gold "bears" at the London Bullion Market Association's annual conference this year.
Read full article... Read full article...
Friday, October 01, 2010
Have Central Banks lost control of the Gold Market? / Commodities / Gold and Silver 2010
You may be asking yourself, did the central banks ever control the gold market? Yes, indeed they did! The gold Standard was the ultimate system of control they had until it was dropped. Then President Roosevelt's Administration took control of the U.S. gold market when he confiscated all U.S. citizens held gold. Ownership of gold was only re-permitted in the early seventies. Even then the 'powers that be' declared that gold ownership was a privilege, not a right. That still holds. Few really appreciate the extent of central bank control over the gold market and gold price. We believe it is a critical aspect of the gold market and gold price, without which one cannot really understand the gold market.
Read full article... Read full article...
Friday, October 01, 2010
Junior Gold Mining Producer Stocks / Commodities / Gold and Silver 2010
Gold miners come in all shapes and sizes. From large mega-miners to small single-mine operators, these producers each play important roles in the global gold supply chain. Investors are most familiar with the mega-miners, an elite group of producers responsible for a large majority of overall mined supply. But for a variety of reasons investors should not overlook the smaller fish in the pond.
Read full article... Read full article...
Friday, October 01, 2010
Gold New U.S. Dollar High and Silver Ratio Falls to 12-Month Low / Commodities / Gold and Silver 2010
THE PRICE OF GOLD rallied further from yesterday's 1.4% drop in London on Friday, recording another record-high Gold Fix at $1313 – and then rising to $1320 an ounce – as the Euro currency hit 7-month highs to the Dollar and Western stock markets rose.
Government bonds edged lower, pushing the yield offered by 10-year US Treasury debt up to 2.54%.
Friday, October 01, 2010
Gold Bulls Coming Back For More / Commodities / Gold and Silver 2010
Following earlier 2010 gains in Gold, the pullback in June has proved a short-lived affair, with a fresh upleg from late July having now led to new 2010, and all-time, highs. A current chart pattern calls for a degree of caution, but we must still consider higher targets.
Read full article... Read full article...
Friday, October 01, 2010
Why the Gold Price is Rising / Commodities / Gold and Silver 2010
Around the world, investors are buying gold. They have been doing this for nine consecutive years. There was a temporary dip in gold's price from about $1000 to about $750 in 2008, but the reversal has been substantial, as we all know. This has not just been in the United States. This is not uniquely a phenomenon of the United States dollar. This is an international phenomenon, and it involves the major currencies of the world.
Read full article... Read full article...
Friday, October 01, 2010
Gold Comedic Value of Naked Short Paper / Commodities / Gold and Silver 2010
I tend to get all obsessed with my own problems, mostly about how I never have enough money to do any of the things I want to do because my family is draining me dry with their incessant demands, and my boss won't give me any more money because she says I am already making "a lot more than I am worth," to which she acidly adds, "which is not much to start with," which seemed kind of rudely gratuitous, if you ask me, especially when she said it with that nasty little sneer of hers, and then coming to the coda of the piece by yelling at me, "get out of my office before I have you thrown out!"
Read full article... Read full article...
Friday, October 01, 2010
Breaking News: The US Mint Announces 33% Silver American Eagle Price Rise / Commodities / Gold and Silver 2010
BREAKING NEWS: The United States Mint has officially raised their wholesale pricing above spot on American Silver Eagles to all authorized dealers from $1.50 to $2.00, an increase of a whopping 33%. This news comes on the heels of a significant silver spot price rally over the last month to a new thirty year record over $22 per ounce. The impact of this news is significant and has already affected dealer pricing across the country within hours, as prices on Silver American Eagles have jumped over $0.50/oz industry wide.
Read full article... Read full article...
Thursday, September 30, 2010
Welcome to the Gold Mania / Commodities / Gold and Silver 2010
Jeff Clark, Senior Editor, Casey's Gold & Resource Report writes: With gold punching the $1,300 mark, thoughts of what a gold mania will be like crossed my mind. If we're right about the future of precious metals, a gold rush of historic proportions lies ahead of us. Have you thought about how a mania might affect you? Not like this, you haven't…
Read full article... Read full article...
Thursday, September 30, 2010
Gold's Bullish Technicals Still Intact / Commodities / Gold and Silver 2010
So far today, the weakness in the SPDR Gold Shares (NYSE: GLD) has not inflicted significant technical damage to the Aug-Sept uptrend. To do that, the GLD must break back beneath today's low at 126.61-- and follow through to violate the prior significant pivot low at 125.58.
Read full article... Read full article...
Thursday, September 30, 2010
London Bullion Market Association 2010: Hyperinflation Back to the Future / Commodities / Gold and Silver 2010
"Haven't we seen this before, in 1923...?"
The BIG MONEY flows from the biggest trends, of course. But even the brightest people, and with the best of intentions, can struggle to see today what hindsight will say you could have banked on.
Read full article... Read full article...
Thursday, September 30, 2010
The Meaning of Gold in the News / Commodities / Gold and Silver 2010
In the last week there have been several interesting developments involving gold. The price of the yellow metal set a new record, breaking through the $1,300 barrier. Meanwhile, a German firm is preparing to install gold vending machines in the United States. The German firm won't be stocking the machines with gold purchased from European central banks, however, because they have halted a decade-long policy of gold sales.
Read full article... Read full article...
Thursday, September 30, 2010
Net Asset Value of Certain Precious Metal Trusts and Funds / Commodities / Gold and Silver 2010
I am finding this contraction in the premiums of the gold-only trusts GTU and PHYS to be extremely interesting. Both followed an expansion of the fund's units and large sales of overallocations to the underwriters, providing liquidity not only to expand the trust but also to game the shares.
This expansion facilitates an arbitrage on the premium in which one sells the trust and buys GLD for example. And the holding of units by the underwriters assures a ready supply of shares for shorting, if one assumes that the big punters even bother with the nicety of borrowing shares.
Read full article... Read full article...
Thursday, September 30, 2010
Gold Metal-ing In Emerging Markets / Commodities / Gold and Silver 2010
Is it just me or does it seem like every other headline is focused on gold. The rise to $1308 has received top billing and plenty of speculation from analysts on how high it will rise. Silver has joined the party climbing more than 20% over the last five weeks. The base metals are equally impressive relative to gains as the commodities renew their push higher.
Read full article... Read full article...
Thursday, September 30, 2010
Gold Hits New Highs for U.S., Indian and Chinese Investors as QEII Gains "Forceful Advocate" / Commodities / Gold and Silver 2010
THE PRICE OF WHOLESALE gold bullion touched yet another all-time high against the Dollar in London on Thursday, breaking $1315 an ounce as the US currency slid once more on the forex market before easing back.
Investors buying gold today in India and China, the world's two top demand nations, also saw it breach new record highs, as did Canadian buyers.
Thursday, September 30, 2010
Gold New Record Highs as Silver Plays Catch Up, Challenges Long Term Resistance / Commodities / Gold and Silver 2010
Gold has rallied to new record highs in early New York trading again today due to continuing nervousness in markets and much uncertainty about the economic outlook for the coming months. Equity markets are mixed, oil is back over $78 a barrel but most importantly the dollar continues to fall in value against most currencies and especially gold.
Read full article... Read full article...