Category: Gold and Silver 2010
The analysis published under this category are as follows.Sunday, September 12, 2010
What's the Impact on Gold Price of a Falling U.S. Dollar / Commodities / Gold and Silver 2010
Is it true that the dollar, the yen and Swiss franc may be better investments than gold if the world economy slips back into recession? That’s the claim of New York University Professor Nouriel Roubini, famous for having predicted the US housing bust and subsequent recession more than a year before they happened.
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Sunday, September 12, 2010
On Which Basis to Value Gold? / Commodities / Gold and Silver 2010
Market metrics, like a thermometer, simply reflect the conditions in a market. They do so without opinion or emotion. Metrics such as valuation do not cause market prices to change. Valuation, however, is often a precursor of change as investors, individually and then collectively, respond to price relationships, altering their buying and selling. Valuations of markets will not make you rich anytime soon, but they could make you poorer if they are ignored.
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Sunday, September 12, 2010
Is Gold Getting Too Much Media Attention? / Commodities / Gold and Silver 2010
After a brief decline in July, gold once again finds itself in the investment spotlight as investors seeking safety from the turbulence of the bottoming 4-year cycle turn to gold. In its latest close, the gold price according to the 100 oz. COMEX index closed at $1,248.50 just below and within reach of its previous high of $1,260.Read full article... Read full article...
Sunday, September 12, 2010
Peter Schiff Says U.S. is Powerless to Prevent Runaway Inflation, Silver to Soar to $100 / Commodities / Gold and Silver 2010
Peter Schiff forecasts that Silver could reach $100 following a collapse of the U.S. Dollar as he says “The United States right now is completely powerless to prevent runaway inflation”, as the U.S. continues with policies of more economic stimulus and bigger deficits.
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Saturday, September 11, 2010
What CNBC Isn't Telling You About This Popular Commodity / Commodities / Gold and Silver 2010
Matt Badiali writes: This week, I shared an important chart with readers of my S&A Resource Report advisory.This chart can help you make a lot of money in the next few years. One look will tell you a great deal about the potential of a certain commodity we need to invest in right now.
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Saturday, September 11, 2010
What's Holding Gold Back? / Commodities / Gold and Silver 2010
Gold first broke $1,200 on December 2, 2009; nine months later, instead of witnessing the birth of the full-on gold boom I have long anticipated, the yellow metal has gained a modest 4%. Fortunately, it has spent the summer solidly above $1,150, which should put to rest the claim that we are seeing an exponential gold bubble like we saw in 1980. And those waiting for the "big pullback" to $8-900 might be seeing the futility in their cause. But I never doubted the strength of this secular bull market. In fact, I still maintain that gold is grossly undervalued. So, what's holding gold back?
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Saturday, September 11, 2010
Gold Bullion – Are the stars alligned for a major breakout? / Commodities / Gold and Silver 2010
Historically, the argument against Gold was that it provided no yield to investors. Stocks, bonds, and cash all provide some sort of yield so Gold as an investment has no merit.
But that view appears to be changing, with volatility in the equity markets, bonds now providing little or no yield (witness the US treasury yield curve and IBM's latest offering), and money markets and cd's providing scant yields Gold is looking much more attractive as a place to park cash.
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Saturday, September 11, 2010
Nine Bullish Arguments for Gold / Commodities / Gold and Silver 2010
Dr. Martin Murenbeeld, chief economist for Dundee Wealth Economics and one of the smartest gold minds around, recently released his latest chart book – hundreds of useful visuals to help him tell the gold and commodity stories.
Dr. Murenbeeld also outlines his nine bullish arguments for gold.
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Friday, September 10, 2010
Global Yuan Is A Threat To U.S. Dollar But Good For Gold! / Commodities / Gold and Silver 2010
We have written many times about the need for the Yuan to be a global currency and eventually a global reserve currency [one of several]. We have talked of how it had to develop its banking system before it could take such a journey. We highlighted the experiments that the Chinese were making first in Hong Kong then in Guanchow in using the Yuan in international dealings. More importantly we highlighted the consequences to other world currencies, in particular the U.S. Dollar, of the Yuan becoming a well used international trade currency. The day is now here when the Chinese are starting to propel the Yuan onto the international scene
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Friday, September 10, 2010
Gold Big Autumn Rally / Commodities / Gold and Silver 2010
Gold enjoyed a strong August after emerging out of its late-July seasonal lows. But interestingly last month’s bullish action was probably just the beginning of gold’s newest rally. A whole host of bullish seasonal, sentimental, and technical factors are converging that ought to catapult gold much higher in the coming months.
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Friday, September 10, 2010
Silver Bulls Still Keep Hold of Reins / Commodities / Gold and Silver 2010
Following a period of consolidation during the summer months bulls were on the alert for a possible violation of key support. However, it held and renewed strength has kept our focus on higher levels.
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Friday, September 10, 2010
Gold New All Time High Prevented by Determined Sellers at $1260 / Commodities / Gold and Silver 2010
Gold and silver have gradually eked out gains in Asia and European trade after yesterday's slight sell off. The central bank of Bangladesh's purchase of 10 metric tonnes of gold from the IMF (worth some $403 million) is supporting gold as it reminds market participants that central banks are set to be net buyers of gold this year rather than net sellers. This is a monumental shift in terms of the supply and demand dynamics in the gold market and is bullish. Asian central banks worried about their large dollar and euro holdings look set to put a floor under the market and will be buyers on dips in the price.
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Friday, September 10, 2010
Gold & Silver Rally to Unchanged for the Week as Bangladesh Buys IMF Gold / Commodities / Gold and Silver 2010
THE PRICE OF GOLD rallied on Friday after falling 1.5% from Wednesday's near-record levels on news that the Bangladesh central bank bought 10 tonnes of bullion from the International Monetary Fund.
Some 222 of the 403 tonnes the IMF has been looking to sell since Sept. '09 have now gone to central banks, according to Bloomberg, led by India's 200-tonne purchase last Oct.
Thursday, September 09, 2010
Silver Price Crash? / Commodities / Gold and Silver 2010
What is an eight wave cycle?
“A five-wave impulse (whose subwaves are denoted by numbers) is followed by a three-wave correction (whose subwaves are denoted by letters) to form a complete cycle of eight waves.” E.W.P.
Thursday, September 09, 2010
Gold Fails to Break Above $1265 / Commodities / Gold and Silver 2010
THE PRICE OF GOLD and silver bullion ticked back early Thursday from yesterday's near-record and 30-month highs to the Dollar, as world stock markets rose and government bonds edged down.
The US Dollar rose on the forex market, holding the gold price in Euros just shy of a 10-week high at €31,800 per kilo. Crude oil crept a few cents higher to $75 per barrel.
Thursday, September 09, 2010
Gold Rises to £816 as Pound Falls on UK Trade Deficit and QE2 / Commodities / Gold and Silver 2010
Gold is flat in dollars but higher in euros, Swiss francs and particularly British pounds this morning (see Cross Currency Table). Jitters about European sovereign debt markets is keeping gold above $1,250/oz and near record highs of $1,265/oz. The complacency of recent weeks is giving way to the gradual realisation that the worst may not be over yet, in terms of the global financial crisis and this could lead to a challenge of $1,300/oz in the short term rather than the long term.
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Thursday, September 09, 2010
US Mint Running Out of Silver (and Excuses) / Commodities / Gold and Silver 2010
In Title 31 of the US Code, the United States Mint is required by law to supply "in quantities sufficient to meet public demand, one dollar silver bullion coins of specified size, weight, and design." (Source) This law is widely referenced, and I have criticized the US Mint in the past when it fails to meet consumer demand because of poor planning, despite the availability of silver.
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Thursday, September 09, 2010
Gold and Silver and Stocks Technical Price Target Forecasts / Commodities / Gold and Silver 2010
The precious metals sector is at an important juncture. Let’s take a look at the potential upside targets.
First lets start with Gold. Gold has formed a bullish cup and handle pattern, which is more bullish than usual due to the handle being formed at a higher level than usual. The pattern projects to $1450. Initial support is $1235-$1240 followed by $1225.
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Thursday, September 09, 2010
Gold to be Boosted By President Obama's Election Policies / Commodities / Gold and Silver 2010
What do politics have to do with precious metals? A lot, according to Brien Lundin, who writes Gold Newsletter. In this exclusive interview with The Gold Report, Brien reveals how the November elections will be pivotal to gold and why President Obama's policies could provide a big boost to the yellow metal. He also shares some of his favorite producers in the sector.
The Gold Report: Recent reports are signaling that consumer confidence and sentiment are up and that the balance sheets of U.S. corporations are stronger. Yet, gold is going up at the same time. What's happening with the gold market right now?
Wednesday, September 08, 2010
Gold September Trend Forecast For Huge Rally Following Mid Month Low / Commodities / Gold and Silver 2010
Like the song says - See you in September - the ninth month has notoriously been the strongest calendar month for gold. Rather than accept this blindly as Gospel Truth, we have decided to delve into this in detail to see what factors could be used to explain this phenomenon. After all, statistics can sometimes be misleading, for instance if someone owns a dog that does not mean that they both on average have three legs.
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