Category: Gold and Silver 2010
The analysis published under this category are as follows.Monday, August 16, 2010
Hotshot Analysts and Gold Buy Low / Commodities / Gold and Silver 2010
A word to those looking for financial/economic advice: Buy me at my low.
There are, from time to time on Wall Street, a number of analysts—brokers, mutual fund managers, newsletter writers –who emerge from obscurity to shine brightly. These people are making big profits. Their customers are making big profits. It appears that they have found the secret to the markets.
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Monday, August 16, 2010
U.S. Dollar to Fade As Gold Heads Higher / Commodities / Gold and Silver 2010
One of the key technical signals we were looking for in anticipation of a new major rally in gold was a close above the 50 day moving average. Well, last week gold delivered that signal, twice.
Whilst we still need to see a close above $1220 to confirm this move, we are now very confident that a major rally in gold prices will begin in earnest in the next couple of weeks.
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Monday, August 16, 2010
Gold and Silver, a Pair of Aces for a Winning Hand! / Commodities / Gold and Silver 2010
Lachlan Rattray writes: “Every portfolio should have a 10% core holding of gold and silver as emergency money” was the simple and timeless message in Glen O. Kirsch conveyed 19 years ago in an article entitled: “What’s in Your Core Holdings?” and such a message is even more appropriate today given the unsettling fiscal, economic and investment environment.Read full article... Read full article...
Sunday, August 15, 2010
Is the Gold Price Rally Based on Any Reality? / Commodities / Gold and Silver 2010
A small rise in the price of gold this past week continues to get a rise out of the speculators but is it based upon any reality? Are the market action and the fundamentals in sync? I don’t know about the fundamentals but here you get a feel for market action.
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Sunday, August 15, 2010
The Recent History Of The Future Of Gold / Commodities / Gold and Silver 2010
As the investment manager of a gold fund, I get a lot of questions these days along the lines of where the gold price is going -- meaning in the immediate future -- and/or how high the gold price will eventually go.
I was discussing this phenomenon with my intern, Zeke Brustkern. Zeke has been working with me now for over a year and just graduated with a BA in Economics from my alma mater, New College in Sarasota, Florida. In the course of his work for me, Zeke developed and maintains all of the graphs used on our website, especially in our quarterly investment management discussion.
Saturday, August 14, 2010
Gold and Financial Crisis / Commodities / Gold and Silver 2010
At what point does a market crash translate to a lengthy bear market and/or an economic recession? This question was taken up by a celebrated historian of the early 20th century, one Otto C. Lightner.Read full article... Read full article...
Saturday, August 14, 2010
Which is Bullish for Gold, U.S. Dollars Rally or Silvers Big Fall? / Commodities / Gold and Silver 2010
Two weeks ago, we've posted an essay in which we've analyzed i.a. the Euro Index. We've stressed that a slight move lower may be seen in the short-term, which will likely be coupled with a corresponding move higher in the USD Index. This is precisely what we have just witnessed, so without further introduction, we will let you know how low can it take the Euro Index and how big rally could we see in the USD Index. In the latter part of the essay we will provide you with our very-long-term silver chart.
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Saturday, August 14, 2010
Gold Best Investement as Global Financial System is Heading South / Commodities / Gold and Silver 2010
Midas Letter Editor James West is one of the sharpest minds in the gold business, and he puts his money where his mouth is. He owns gold equities, ETFs, coins and even a share of a private Peruvian mine. "Gold is the best investment at this time," he says, a thesis based on the "counterfeiting" of paper currencies and inevitable collapse of the global financial system. In this Gold Report exclusive, James suggests several ways to profit along the way.
The Gold Report: James, in a recent issue of the Midas Letter you said, "The world, according to gold, is in an absolute mess." We're not in a gold price mania, so how can the world be in an "absolute mess?"
Friday, August 13, 2010
Investors Keep Gold ans Silver Analysis Simple / Commodities / Gold and Silver 2010
Metals ‘KISS’ Analysis – (Keep It Simple... Umm… Silly) - It is interesting to note just how complex investment advisors and investors can make their market analysis. When it comes to analyzing the markets we do enjoy “chewing” on a lot of data, but often good old fashioned simplicity and common sense are the most effective strategy.
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Thursday, August 12, 2010
Why Investors Must Buy Gold … Before it Runs Away in Price / Commodities / Gold and Silver 2010
Peter D. Schiff writes: As gold hovers near $1,200 an ounce and pundits speculate about a "gold bubble," it's important for investors to remember that a mere decade ago the picture was very different.
In the year 2000, gold sat at an unimpressive annual average of $279 an ounce - a two-decade low. At that time, most analysts thought gold was finished as a monetary metal. They said its price would never recover and only kooks with tin hats would invest in it. I was one of the very few financial commentators publicly saying that gold was not only viable, but entering a long-term uptrend.
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Thursday, August 12, 2010
Why 40% Silver is Usually Best Left to Refiners / Commodities / Gold and Silver 2010
There are a myriad of investing options for those looking for physical allocations of silver. Among them are silver bars, silver coins, and junk coins. Junk coins, most well known for having 90% silver (pre-1964 dimes, for example), can also have 40% silver content (think old Kennedy Halves and Eisenhower dollars).
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Thursday, August 12, 2010
Money, Inflation, Fear, and Industry: The Basis for Capital Gains in Gold and Silver / Commodities / Gold and Silver 2010
There are four major pieces to the ebb and flow of precious metals prices. All of them are as interrelated as much as they aren't, and all of them are equally important in the current prices of any precious metal. Let’s dissect the four pieces and explain the role each plays in today's market price.
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Wednesday, August 11, 2010
Gold Consolidates Near $1,200 as Economic Concerns Grow / Commodities / Gold and Silver 2010
Gold rose yesterday in the intermediate aftermath of the worse than expected US trade deficit figures ($49.9 billion - exports down 1.3%; imports down 3%). Gold has maintained those gains despite weakness in equity markets and in US futures.
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Wednesday, August 11, 2010
The Two Front War On Gold / Commodities / Gold and Silver 2010
Politics makes strange bedfellows. In the person of Ben Bernanke, three streams of American politics have come together: Progressivism, Populism, and Populism's replacement, right-wing crackpot monetary theory.
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Wednesday, August 11, 2010
China Enters the Gold Market / Commodities / Gold and Silver 2010
There was an editorial power struggle at Mogambo News Service over whether it was Big, Big News (BBN) or if it was Big Freaking News (BFN), or even if it was The Biggest Freaking News Of Your Life (TBFNOYL) that China has, officially through the People's Bank of China, said that they have "seen the light" as concerns gold, and they see how gold is the only true money, and how worthless paper monies and computer blip monies are the Wrong Way To Go (WWTO), as evidenced by the Chinese merely looking at us Americans and what happened! Hahaha!
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Tuesday, August 10, 2010
Gold, GLD ETF Pivots Off Pullback / Commodities / Gold and Silver 2010
The SPDR Gold Shares (NYSE: GLD) is up about 1% from the intraday low prior to the FOMC statement, but more importantly from my technical perspective the price structure appears to have pivoted from a pullback into the start of a new upleg. If accurate this argues for upside acceleration that hurdles near term resistance at 119.00/10, on the way to a revisit of the June highs at 123.50.
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Tuesday, August 10, 2010
Stocks or Gold, What's Real? / Commodities / Gold and Silver 2010
"It is my opinion that the use of this barbarous weapon at Hiroshima and Nagasaki was of no material assistance in our war against Japan. " - "The lethal possibilities of atomic warfare in the future are frightening. My own feeling was that in being the first to use it, we had adopted an ethical standard common to the barbarians of the Dark Ages." --- William Leahy, Chief of Staff to Presidents Franklin Roosevelt and Harry Truman - I Was There, pg. 441.
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Tuesday, August 10, 2010
Can the Gold Price Rise If the Jewelry Market is Weak? / Commodities / Gold and Silver 2010
Gold is still only $50 away from its record levels. The Fed is going back into Quantitative Easing because the "L" shaped recovery is threatening to turn into a double-dip recession. U.S. consumers are saving 6.4% of their income, before they saved only 1 to 2 %. Money velocity is threatening to slow, money supply is shrinking and deflation looming on the horizon. All of this points to a weak U.S. gold jewelry market. In the rest of the developed world the picture is nearly the same, so it is reasonable to expect world jewelry demand to be weak? With gold demand accounting to roughly 60% of total gold demand in the past, can the gold price rise if the gold jewelry market is weak?
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Tuesday, August 10, 2010
Is Gold Crash Proof This Time Around? / Commodities / Gold and Silver 2010
I’ve been receiving quite a few emails regarding the topic of Gold and how it will perform if another Crash hits. The following are my thoughts on this matter.
The first thing that needs to be said is that IF we have another systemic meltdown like that of Autumn 2008, Gold will likely go down along with everything else. There are simply too many big players (hedge funds, investment banks, etc) with heavy exposure to Gold who would be forced to liquidate their positions during a systemic collapse.
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Tuesday, August 10, 2010
Fiat Paper Covers Gold Rock / Commodities / Gold and Silver 2010
Evidenced by Tuesday’s drubbing of gold and silver into COMEX (paper market) options expiry for the metals, which is an all too common occurrence that goes unchecked by regulators, it’s apparent the banking cartel’s resolve regarding suppressing metal’s prices is particularly strong at present, with the tell sign here being generous numbers of put owners got paid – paid big time. If cartel members were the writers of these put contracts, such an outcome would be expensive, so it must be concluded the writers were likely hair-brained hedge fund managers, possibly goaded into these positions by cartel members. Then, it was easy for cartel members to sell gold down Tuesday as lower volumes associated with summer doldrums left few obstacles to overcome.
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