Category: Gold and Silver 2010
The analysis published under this category are as follows.Tuesday, August 03, 2010
U.S. Dollar Down, Gold Up, Not Today! / Commodities / Gold and Silver 2010
The inverse relationship between the dollar and gold prices started to decouple recently with the dollar rising and gold rising concurrently. The dollar has since peaked and resumed its trek south with gold also down but holding steady at the moment. Today, however, we saw the dollar fall out bed as the chart shows, and gold almost followed it lower but was saved by the rapid fall of the dollar. The summer doldrums brings with it a certain amount of wishy washy market movements without any obvious direction. So we need to think of it as white noise and concentrate on the bigger picture.
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Monday, August 02, 2010
Why Gold Stocks are Certain to Go Higher / Commodities / Gold and Silver 2010
Certain may not be the best word to use in a post-bubble world. Is anything truly certain? Ok maybe not. If you don't like certain then lets replace it with “highly probable.”
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Monday, August 02, 2010
Gold Could Hit $46,167 on Fed Deb Monetization / Commodities / Gold and Silver 2010
I have some important ground to cover with you today, so let me get started right away — but first, with a warning I want to get on the official record …
No matter what happens in the world today …
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Monday, August 02, 2010
Meet Someone Who is 90% Invested in Gold and Silver! / Commodities / Gold and Silver 2010
Nations rise when, through inventions and technology they become economically prosperous. They grow as they enlarge their borders and increase in influence, through conquests or by trade. They fall, when the growing need to pay for promises made, and the cost of foreign wars, drains the treasury.
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Monday, August 02, 2010
Stocks, U.S. Dollar, Gold and Miners Technical Chart Report / Stock-Markets / Gold and Silver 2010
Stocks: I expect, barring some kind a catastrophe, next week should be another good week for the market. The recent minor pullback has worked off the short term overbought conditions and in the process formed a small bull flag.
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Monday, August 02, 2010
Gold Hatchet Job by Barron’s / Commodities / Gold and Silver 2010
Gold dropped 30 points on Monday-Tuesday of this past week thus breaking out downside from a head and shoulders top. The problem here was that most of the indicators on gold are bullish. Thus the head and shoulders is an anomaly. Technical analysis proceeds on the basis of probabilities. One must weigh the bullish and bearish factors and establish a weight of the evidence.
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Sunday, August 01, 2010
JP Morgan Covering Its Silver Shorts Like Crazy / Commodities / Gold and Silver 2010
JP Morgan holds a massive short position in silver, some of which it is said to have inherited as a concentrated speculative position from Bear Stearns. Retreats from such overextended positions are never easy, and therefore never straightforward. Having such a position can be very profitable in the short term since it gives one remarkable control over the paper price of a commodity, paricularly if the regulators are willing to turn a blind eye to certain trading practices.
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Saturday, July 31, 2010
Has Gold Correction Made a Final Bottom? / Commodities / Gold and Silver 2010
In the last two essays we have emphasized the influence that the dollar and main stock indices might have on the precious metals and we have summarized our last essay by stating that we are likely to see a short-term bounce to the upside (…) perhaps very soon. Since this is what happened we would like to let you know where - in our opinion - gold is likely to go next.
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Friday, July 30, 2010
Gold Trading Strategy Says Stand Aside This August / Commodities / Gold and Silver 2010
Dr. Steve Sjuggerud writes: Earlier this month in DailyWealth, I introduced you to my Simple Gold Strategy that turned $10,000 into $2 million.
When this indicator says, "Buy," gold compounds at 35% per year. When it says, "Stand aside," gold decreases in value.
Friday, July 30, 2010
European Banks Lent Their Customer's Gold to the BIS / Commodities / Gold and Silver 2010
Although it does not appear until almost the end of this article in the Financial Times, BIS Gold Swaps Mystery Unravelled, the source of the gold provided in the dollar swaps with BIS is coming from customers of about 10 European banks who are holding their gold at the banks in 'unallocated accounts.'
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Friday, July 30, 2010
More Quantitative Easing Will Threaten the Dollar and Western Economies / Commodities / Gold and Silver 2010
The U.S. economy can, at best, be described as in an "L"-shaped recovery. It is anemic, faced with unyieldingly high unemployment and overburdened with debt, but worst of all, the average consumer that has little to no confidence in the economy or housing for the next couple of years.
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Thursday, July 29, 2010
You’ll Hate Your Gold So Much You’ll Want to Spit On It / Commodities / Gold and Silver 2010
There’s been lots of talk about the “gold bubble,” especially from mainstream talking heads and analysts who prefer paper over real money. In January 2010, financier George Soros was quoted as saying “the ultimate asset bubble is gold,” and this really got the financial news wires going.
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Thursday, July 29, 2010
Gold Promises and Currency Lies / Commodities / Gold and Silver 2010
The signals emanating from the global economic matrix that can be considered realistic, unbiased and leading indicate strongly that we’re edging closer to another brink of some sort. Nobody can see over the edge, but if the last cataract shot by our collective connected market kayak is anything to go by, the Eskimo roll escape afforded by government counterfeiting (oops…I mean ‘stimulus’) is not likely to deliver us to any safe harbor.
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Thursday, July 29, 2010
Gold Weak Rally Fades Despite Indian and Chinese Buying / Commodities / Gold and Silver 2010
THE PRICE OF GOLD reversed a 1.0% rally Thursday lunchtime in London, dropping back to $1161 an ounce as European equities rose, commodity markets trod water, and the US Dollar slipped to new multi-month lows.
Silver prices struggled above $17.50 an ounce and US Treasury bonds also slipped, nudging the 10-year yield back up to 3.00%.
Thursday, July 29, 2010
Unorthodox Leverage Ideas for Gold and Silver / Commodities / Gold and Silver 2010
Leverage is a very natural part of a great number of traditional investment options. Real estate investing is nearly dependent on leverage; stock traders have up to two times leverage through their brokerage accounts, futures traders are naturally highly leveraged, and currency traders use the most extreme leverage of any investor. So where does this leave the market for physical metals?
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Thursday, July 29, 2010
For the Fed, Inflation is a Positive for Gold and Silver / Commodities / Gold and Silver 2010
The Federal Reserve is down on its luck. It struck out with near-zero interest rates, gargantuan monetary policy measures, and particularly quantitative easing programs – which all have failed to fire. Now the public is wondering why the Reserve did anything at all. The state of the nation, it seems, is just as poor as it was some many months ago.
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Wednesday, July 28, 2010
Gold GLD ETF Eyeing 200-Day Moving Average / Commodities / Gold and Silver 2010
In our Webinar last night, we discussed gold and the SPDR Gold Shares (NYSE: GLD), which has been a liquidating market. The GLD closed at 113.50 off a low of 113.21, and the 200-day moving average is 112.06.
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Wednesday, July 28, 2010
Gold Bull Market Long Way from Losing Both Arms and Legs / Commodities / Gold and Silver 2010
WHATEVER FORCE you spy behind this week's swoon in gold prices to $1160 per ounce and lower, 'tis but a scratch – a flesh wound – so far.
"I've had worse!" as Monty Python's Black Knight says.
Wednesday, July 28, 2010
Gold Falling to 200 Day Moving Average in Major Currencies / Commodities / Gold and Silver 2010
Gold had recovered slightly today from yesterdays 2% sell off to 3 month lows before incurring slight losses in late European trading. Gold is now down nearly 10% from its recent nominal highs ($1,258/oz) and the continuing sell off is due to increased risk appetite due to the decline in banking sector and sovereign debt risk. Yesterday’s sell off was also technical nature as gold fell below the 100 day moving average and triggered large sell stop orders around the $1,176/oz level. This may have exacerbated the sell off and resulted in the sharp falls to the intraday price low of $1,156/oz.
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Wednesday, July 28, 2010
Gold Price Falls to 3 Month Low / Commodities / Gold and Silver 2010
THE PRICE OF GOLD held near 3-month lows against all the world's major currencies on Wednesday in London, recovering little of yesterday's 2.2% drop.
Soft commodities and base metals rallied from their sell-off, but silver prices held at a 3-session low almost 4% beneath Tuesday's start, while an early gain faded in European stock markets.