Category: Gold and Silver 2010
The analysis published under this category are as follows.Thursday, September 30, 2010
Gold and the Currency Markets / Commodities / Gold and Silver 2010
It is interesting to watch Wall Street defy reality. This is a scene we’ve observed since the early 1960s, the effect of debt on the economy and the nation and in turn on its currency. The result of the profligacy over all those years is the biggest bull market in history in gold and silver. As we write gold is toying with $1,300 and silver with $21.50. Each day a new high is reached in spite of a pending options expiration and the perpetual market rigging and manipulation by the US government.
Read full article... Read full article...
Thursday, September 30, 2010
1099 Supply Shock for Gold Buyers / Commodities / Gold and Silver 2010
The 1099 reform in the health care bill passed by Congress and signed by the President has turned the physical gold market upside down. Under the new law, gold buyers and sellers will have to fill out a 1099 on each side of the transaction if the sales price is greater than $600. As a result, many investors who have been buying gold as an anonymous way to protect their wealth are now feeling the heat.
Read full article... Read full article...
Thursday, September 30, 2010
The One Man Who Will Make Gold Bullion Sparkle / Commodities / Gold and Silver 2010
Thomas Geissler is a bullion entrepreneur in his own right. His creation, the Gold to Go company, specializes in gold vending machines. These machines are currently in use in Europe and the Middle East to deliver gold to consumers in a number of high end hotels. After apparent success, these new gold vending products will soon come to the United States and help create the next generation of bullion investors.
Read full article... Read full article...
Wednesday, September 29, 2010
World According to Gold: Here Comes Tokyo Rose / Commodities / Gold and Silver 2010
Now that gold is muscling its way towards $2,000 an ounce, the forces of ignorance embodied by post-secondary-accredited yet nonetheless clueless commentators are being given voice by government sponsored media outlets such as CNN. Tokyo Rose was the generic handle accorded to any of a dozen women who, during World War 2 broadcast programming designed to undermine the morale of American troops over the radio.
Read full article... Read full article...
Wednesday, September 29, 2010
Gold Forecast Over $1,450/oz as Implications of Competitive Currency Devaluations Assessed / Commodities / Gold and Silver 2010
Gold has remained well bid above the $1,300/oz level and silver has risen another 0.7% and looks set to challenge the $22/oz level. Participants at the LBMA conference see gold rising to over $1,450/oz over the next year due to concerns about central banks' reaction to the economic crisis. LBMA delegates forecast silver to trade at $24/oz in 12 months time which it is a conservative estimate given the very strong technical and fundamental situation.
Read full article... Read full article...
Wednesday, September 29, 2010
Gold Price Blasts through $1300.00/oz Barrier / Commodities / Gold and Silver 2010
Gold prices were drifting lower during the trading session on the London Stock Exchange with a breather being the order of the day. Things changed dramatically when the New York Stock Exchange opened as gold prices reversed their loses, moving into positive territory and taking out the $1300.00/oz barrier to close at $1308.60/oz. Inflation adjustment aside, this is another new all time high, which gives us great pleasure to write about.
Read full article... Read full article...
Wednesday, September 29, 2010
Don't Get Shaken Off the Gold Bull Market / Commodities / Gold and Silver 2010
The question now is not whether Gold will go higher or not. Most of us know the primary trend is higher and will continue in the years ahead. The real question is three-fold. Are you invested? How much are you invested? Will you hold on? Going forward, as the bull strengthens and as more come on board the last question becomes most pertinent. Let me present you with some quotes that will elucidate my point.
Read full article... Read full article...
Tuesday, September 28, 2010
Gold Bugs Infiltrate Central Banks / Commodities / Gold and Silver 2010
Have Gold Bugs managed to infiltrate the central banks? Or, do we have another indicator of the frothiness of the current Gold market? From CNN.com and Financial Times we read, “In the CBGA’s(Central Bank Gold Agreement) year to September, which expired on Sunday, the signatories sold 6.2 tonnes, down 96 per cent, according to provisional data. The sales are the lowest since the agreement was signed in 1999, and well below the peak of 497 tonnes in 2004-5.(27 Sep 2010)”
Read full article... Read full article...
Tuesday, September 28, 2010
Gold, The canary or the elephant? / Commodities / Gold and Silver 2010
Many have been talking over the last couple weeks about gold being the “canary in the coal mine” for fiat money. It would be wise for those who believe the price can only go north, to turn their focus instead, to the “elephant in the room”.
Read full article... Read full article...
Tuesday, September 28, 2010
Why Did the Gold Price Start Rising from $275 in 2000 and Still Rising Through $1,300? / Commodities / Gold and Silver 2010
Hindsight is always a satisfying exercise, because you have all the facts, you know what happened eventually and you simply have to find the reasoning that is now established by history. Forecasters can be judged efficiently as to whether they were right or wrong in the light of history after the event, only.
Read full article... Read full article...
Tuesday, September 28, 2010
Gold April Disconnect / Commodities / Gold and Silver 2010
Yes I know it is now September, and no this article is not five months late. We have been in a consolidation phase and this has been a very strange year. Gold made a high in May just US$50 below the current record price which is nudging US$1300. At the Northern hemisphere summer solstice, on June 21st this year gold made another high just US$34 below Mondays close.
Read full article... Read full article...
Tuesday, September 28, 2010
Gold Only 10% Above 200 Day Moving Average / Commodities / Gold and Silver 2010
Gold rose slightly yesterday as the dollar fluctuated and US stocks suffered small losses but has fallen 0.3% today. Gold was a whisker away from the $1,300/oz level on the spot market yesterday with some very determined sellers at this level. Those holding large short positions may be determined to defend this level in order to protect against further losses. Tentative speculative longs may take profits.
Read full article... Read full article...
Tuesday, September 28, 2010
How Investors Can Profit from Junk Silver / Commodities / Gold and Silver 2010
Peter Krauth writes: Despite its name, junk silver is not junk.
Indeed, the term "junk silver" is actually a misnomer, since this form of silver investing has provided excellent returns over the past decade. Junk silver consists of U.S. quarters, dimes, and half-dollars minted before 1965, since coins struck before that time contain 90% silver and 10% copper.
Read full article... Read full article...
Tuesday, September 28, 2010
Marc Faber Says Accumulate Gold and Keep it as Cash / Commodities / Gold and Silver 2010
Faber thinks the Chinese yuan, along with other Asian currencies, will continue to appreciate against the weakening US dollar. “We are in an Olympic game in the world to depreciate currencies,” he says.
Read full article... Read full article...
Tuesday, September 28, 2010
How Realistic Is Gold $5,000? / Commodities / Gold and Silver 2010
Chris Mack writes: Taking into account 11 key measurements based on historical movements and price ratios, gold is likely to exceed $5,000 and silver is likely to exceed $200 within the next 5 years. If silver reverts to its historical ratio of 16 to 1 with gold, then it could rise even higher. Let me explain.
Read full article... Read full article...
Monday, September 27, 2010
Gold a Bubble? / Commodities / Gold and Silver 2010
NOT - EVEN - CLOSE - With the number of financial bubbles inflating and bursting over the past decade and a half, it isn’t surprising that financial analysts have their “bubble-dar” honed and active. What is surprising though is the large number who have resoundingly dubbed the gold market as “the next big bubble.” But is it? Most gold owners reject claims that gold is in a bubble, but they might not be sure exactly why. The most concrete and convincing evidence against gold being in a bubble, though, is right in front of us.
Read full article... Read full article...
Monday, September 27, 2010
Gold Bullion vs Paper Gold, Rock Crushes Scissors / Commodities / Gold and Silver 2010
You may remember my commentary entitled Paper Cover Rock from the end of July in which the game ‘rock paper scissors’ was employed to illustrate how at the time our bureaucracy’s price managers (the bank cartel, etc., call them what you will) crushed gold (and silver) going into August options despite excessive bearish sentiment at the time to prove a point, the point being prices will be contained no matter what. The idea here is paper pricing mechanisms (they are not true markets because of heavy manipulation) the bureaucracy uses to price precious metals (COMEX in this case) were successful in keeping prices contained in July, hence the title ‘paper covers rock’ at the time to reflect the outcome. Again, this was the outcome despite lopsided bearish bets at $1200 and above in COMEX Gold open interest put / call ratios, a primary measure of sentiment, that was suggestive prices should have been squeezed higher going into expiry, not the other way around.
Read full article... Read full article...
Monday, September 27, 2010
Gold - Currency Status since 2600 BC, Like A Thief In The Night / Commodities / Gold and Silver 2010
To date, the crime syndicate has struck 3,800 times. At the bottom of this article you will find a partial list of the mob hits that have been made by the organized crime syndicate many refer to as: La Cosa Nos(Cen)tra(l) Banksters. The families of the diseased are large - entire nations. They made the unfortunate and common mistake of trusting their late, and once rich Uncle Currency with safeguarding the value stored in their life savings. Those that didn’t take out a life insurance plan suffered. Many, like the little children of Argentina, actually starved to death.
Read full article... Read full article...
Monday, September 27, 2010
Gold Breaks $1300 as London Bullion Market Meets Investment Demand / Commodities / Gold and Silver 2010
Spot Gold Prices broke above $1300 an ounce early in London trade on Monday, pulling silver to new 30-year highs above $21.60 as world stock markets crept higher.
US crude oil contracts held north of $76 per barrel while the US Dollar recovered from new 5-month lows to the Euro, hit overnight in Asian trade.
Monday, September 27, 2010
Don’t Fear the Gold Dealers. Fear The Government! / Commodities / Gold and Silver 2010
CNBC ran an interesting article last Friday entitled, “Lawmakers Take Steps to Protect Gold Investors”. The article discussed how politicians are questioning the tactics used by those selling gold, with Rep. Anthony Weiner contending, “The television gold industry is an industry, and is led by one particular company that has built up the industry on fear, lies and rip-offs.”
Read full article... Read full article...