Category: Gold and Silver 2010
The analysis published under this category are as follows.
Wednesday, September 22, 2010
Gold Surges to Record Near $1,300/oz on Fed FOMC Statement / Commodities / Gold and Silver 2010
By: GoldCore
Gold surged after the Fed statement yesterday indicating that interest rates would remain at 0 to 0.25% and will remain exceptionally low for an extended period. No change in policy was announced but some market participants have interpreted the statement to mean that the Federal Reserve may embark on a new round of quantitative easing. The dollar fell sharply on the announcement and gold surged from $1,272.40/oz to a new record over $1,290/oz or 1% in the following hour. Silver surged more, rising from $20.62/oz to over $21.00/oz or 2% in the minutes after the announcement - a new 30 year high (see long term quarterly silver chart below).
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Wednesday, September 22, 2010
Gold/Silver Ratio Analysis / Commodities / Gold and Silver 2010
By: Jordan_Roy_Byrne
The Gold/Silver ratio has just broken in favor of Silver. In other words, the ratio has broken to the downside. This development along with persistent strength in Gold has prompted the mainstream gurus and “experts” to talk up Silver. We've been writing about the potential in Silver on more than one occasion.
Tuesday, September 21, 2010
How High Will Gold Go Autumn 2010? / Commodities / Gold and Silver 2010
By: Jeff_Clark
Jeff Clark, Senior Editor, Casey's Gold & Resource Report writes: The gold price has been hitting ever-new records over the past couple weeks, now closing in on the $1,300 mark. Some gold followers are saying this is extremely bullish for the near-term price since it broke so decisively through its June 28th high of $1,261. If they're right, how high might this particular surge go?
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Tuesday, September 21, 2010
Who Will Buy the Last 88.3 tonnes of I.M.F. Gold? / Commodities / Gold and Silver 2010
By: Julian_DW_Phillips
As you all know Bangladesh bought 10 tonnes of the gold on sale from the I.M.F. last week. This leaves 88.3 tonnes to sell now. The 10 tonnes that Bangladesh bought cost them around $1,260 an ounce. This tells us that price was not a determinant in the matter. This may surprise many, but it does highlight something about why central banks in general are buying gold now.
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Tuesday, September 21, 2010
Gold's "Straight North" Rally Driven by Fears of QE / Commodities / Gold and Silver 2010
By: Adrian_Ash
THE PRICE OF WHOLESALE gold bullion eased back from yesterday's new record highs in London on Tuesday, unwinding Monday's 0.7% gain as world stock markets crept higher ahead of the US Federal Reserve's latest policy decision.
Major-economy government bonds rose, and crude oil fell.
Tuesday, September 21, 2010
Five Ways to Profit as Coffee Prices Soar, Food Price Inflation / Commodities / Gold and Silver 2010
By: Money_Morning
Jack Barnes writes:
If you’re anything like me, you can’t resist stopping in for a “cup of Joe” every morning. If so, you’re probably also like me in that you’re experiencing a bit of pain in the wallet right now, given the steady increase in coffee prices we’ve see over the last year (and especially in the last few months).
If you want physical proof that we’re operating in a truly global economy these days, just look at how these three factors have creamed your coffee budget:
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Tuesday, September 21, 2010
Gold Perfect Storm / Commodities / Gold and Silver 2010
By: The_Gold_Report
A few months ago, U.S. Global Investors' CEO and Chief Investment Officer Frank Holmes told The Gold Report readers to watch the horizon for a confluence of three forces creating the "perfect storm where gold takes off." Those forces are now in alignment, that perfect storm is raging and gold is on the move. In another exclusive interview, Frank updates us on the metal's march, its implications for gold equities, his enthusiasm for doing business in Colombia and his thoughts about the upcoming midterm U.S. elections.
Tuesday, September 21, 2010
Has the Price of Gold Reached its Zenith? / Commodities / Gold and Silver 2010
By: INO
Today are going to be looking at gold and analyze the recent run-up that has created a great deal of excitement and fear for many investors and traders.
We're also going to be looking at some upside measurements that we have for this market. Conversely, we are also looking at an area that should provide support should the gold market pull back from its current levels.
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Monday, September 20, 2010
Moderating the Gold Rush Euphoria / Commodities / Gold and Silver 2010
By: Seth_Barani
The herd is rushing into gold and silver. These commodities have staged a multiyear rally by a scale that is not fully justifiable on physical demand, but mostly from futures speculators. What is ahead for these?
Monday, September 20, 2010
Precious Metals Short Squeeze Underway / Commodities / Gold and Silver 2010
By: Captain_Hook
The first thing I want you to do this week is to read this past article from the spring entitled ‘Smoke and Mirrors Markets to Sponsor Precious Metals Mania’, which will benefit new and exiting subscribers alike for several reasons. (Apologies to non-subscribers as this article cannot be opened to the public.) First and foremost, and reflecting the title, it discusses market sentiment in detail – it’s importance and how sentiment is a primary driver in any market. Secondly, it discusses this with respect to silver as a focus, which makes for a good comparison with present circumstances. What’s more along these lines, it also discusses aspects of the bullish fundamentals that are now driving silver (i.e. seasonals, fractional reserves finally drying up, etc.) that are contributing to silver’s long awaited breakout higher, which is occurring as we speak in my opinion.
Monday, September 20, 2010
Gold, Crude Oil and China / Commodities / Gold and Silver 2010
By: Frank_Holmes
It’s been a lively year for both gold and oil investors but the year to remember may be the one ahead.
Goldman Sachs is forecasting a 27 percent jump in energy and a 17 percent rise in precious metals over the next 12 months. On the oil side, Goldman credits a rebound in industrial production for a 520,000-barrel-per-day increase in China’s implied oil demand in August (year over year). As you can see from the left-side chart, Chinese oil demand has remained a fairly consistent story going back several years.
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Monday, September 20, 2010
Gold Demand Swells at Record-High Prices as USD-Price Reverts to Moving with Euro / Commodities / Gold and Silver 2010
By: Adrian_Ash
THE PRICE OF GOLD in US Dollars edged up to fresh record highs above $1283 at the start of London trading on Monday, while silver re-visited last week's 30-year highs above $21 per ounce.
World stock markets also rose sharply, as US crude oil futures recovered to $73 per barrel.
Monday, September 20, 2010
Gold New Record Near $1,300/oz Level as Irish Bond Sale and QE2 / Commodities / Gold and Silver 2010
By: GoldCore
Gold rose to a record for a third day in London and early New York trading while silver traded 2.3 percent below $21.355 an ounce, its highest price since it reached $48.70/oz in 1980. Sterling is also under pressure today and this has seen gold rise in sterling terms to over £820/oz (see Cross Currency Table).
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Monday, September 20, 2010
Sobering Lesson for the World as Gold and Silver Set to Explode Higher / Commodities / Gold and Silver 2010
By: Howard_Katz
As the old expression has it, there are: “None so blind as those who will not see.”
The world is about to get a sobering lesson over the next year or two as the precious metals markets move explosively to the up side. As happens so often in the affairs of men, reality is there in front of us just sitting and being itself. Yet so few of the species homo sapiens can see it.
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Sunday, September 19, 2010
Gold Back to New Bull Market Highs, Though Lacks Momentum / Commodities / Gold and Silver 2010
By: Merv_Burak
Well, we’re back into new bull market highs for the gold price but not for the momentum of the move. The strength of the move, although positive, is less than the strength of previous moves. Friday looked like a reversal day but anything can happen during the week-end to change that.
Sunday, September 19, 2010
Gold Forecast $2,500, Silver Could Easily Reach $180 / Commodities / Gold and Silver 2010
By: Lorimer_Wilson
More than 95 respected economists, academics, analysts and market commentators are of the firm opinion that gold will go to $2,500 and beyond before the parabolic peak is reached. In fact, the majority (55) think a price of $5,000 or more - even as high as $15,000 - is actually more likely! As such, just imagine what is in store for silver given its historical price relationship with gold!
Sunday, September 19, 2010
False Trumpeting of Silvers Breakout? / Commodities / Gold and Silver 2010
By: Clive_Maund
Many have been trumpeting a silver breakout over the past week, but while silver has clearly broken out of its Summer triangle, it HAS NOT broken out to clear new highs, although the indications are that it is going to before much longer.
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Sunday, September 19, 2010
Gold and Silver Breakout Failure? / Commodities / Gold and Silver 2010
By: Clive_Maund
In recent days many commentators proclaimed that gold and silver have "broken out", but THIS IS NOT TRUE, so what is the current situation?
In the last update we looked at both the bullish and bearish case for gold and silver, what you might otherwise call the best and worst case scenarios. Some interpreted this as fence sitting, but it was no such thing - it was dispassionate pragmatic analysis the result of which is that we won't get caught by surprise whatever happens.
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Sunday, September 19, 2010
Gold Rebounds, Dollar Plummets, Higher Inflation is on its Way... / Commodities / Gold and Silver 2010
By: Bob_Chapman
Gold has again broken out to new highs and silver is on the cusp of doing so as well. Unfortunately more than 95% of the pundits were not on board; they believed it was going lower.
The fight for monetary supremacy between the dollar and gold for over the past 16 months has been won by gold and that is why gold is moving higher and the dollar lower. The recent intervention in the currency markets by Japan, ostensibly to weaken the yen, assisted by the US and foreign central banks, won’t strengthen the dollar for any appreciable period of time. The US dollar has broken down and there is no going back.
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Saturday, September 18, 2010
Gold is on the Move / Commodities / Gold and Silver 2010
By: Aden_Forecast
Gold is looking good. Since its summer low of $1160 in late June, it has surged to $1275. That's a nearly 10% gain in less than two months, and even though gold has again broken its all-time record high, it's poised to move still higher.