Category: Gold and Silver 2010
The analysis published under this category are as follows.Wednesday, July 14, 2010
The Bearish Gold Bull / Commodities / Gold and Silver 2010
I have taken some excerpts from our new GoldOz Newsletter service to construct this article. Even the hedge funds boys are reportedly dazed by market action after their worst performance in 18 months during May. Has it been difficult to assess the markets this year? No it has been extremely hard. This is firstly because of the political and regulatory changes that are clouding the picture. The second difficulty is that we are transitioning into a new financial world and I do not say this lightly.
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Wednesday, July 14, 2010
Gold and Silver Slide, Expanding Eurozone Faces Either State or Banking Insolvency / Commodities / Gold and Silver 2010
THE PRICE OF GOLD and silver bullion edged 0.7% below yesterday's two-week highs in London on Wednesday morning, trading at $1207 and $18.17 per ounce respectively as European stock markets fell for the first session in seven.
The US Dollar rallied from its lowest Euro level in nine weeks, but slipped from a near two-week high vs. the Japanese Yen at ¥89.10.
Wednesday, July 14, 2010
Gold Traded Options at $2,000/oz Surge By More Than 1,000% in 10 Weeks / Commodities / Gold and Silver 2010
Gold rose 1.26% yesterday after the Portuguese debt downgrade; silver rose 2%. Gold has gradually edged up in Asian and early European trade. It may challenge resistance at yesterday's high of $1,217.90/oz but if it falls below the recent trading range of $1,210/oz to $1,215/oz it could quickly fall to short term support of $1,195/oz and $1,190/oz.
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Wednesday, July 14, 2010
Silver Staggering Supply Stats / Commodities / Gold and Silver 2010
I got a June 2010 brochure from silverinsidersreport.com that contained an interesting fact about SLV, the Exchange Traded Fund (ETF) for silver, which is that Peter Keusgen, the writer, says that SLV is “the main alternate source of storage” of silver and “which accounts for around 50% of world silver inventory”! Wow!
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Tuesday, July 13, 2010
Gold Jumps with Silver as Chinese Agency Downgrades Western Debt / Commodities / Gold and Silver 2010
THE PRICE OF GOLD rose on Tuesday morning in London trade, recovering all of Monday's 2.1% drop as new US trade data drove the Dollar lower, and world stock markets extended their week-long rise.
Gold priced in Euros also gained, hitting one-week highs above €31,000 per kilo and reversing an earlier drop after the single currency shrugged off a downgrade to Portugal's debt rating by the Moody's agency.
Tuesday, July 13, 2010
Gold Higher on Portuguese Downgrade and Lingering Concerns of Debt Contagion / Commodities / Gold and Silver 2010
Gold spiked higher today in all currencies as Portugal's downgrading and prices below $1,200/oz led to buying. The euro fell against both the dollar and gold (from €954 to €960 per ounce - see chart) on Moody's two-notch downgrade of Portugal. The downgrade was expected but it has ignited concerns that the European sovereign debt markets remain vulnerable, leading to continuing safe haven demand for gold. Lingering concerns over the European bank stress tests and the European banking system are also supportive.
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Tuesday, July 13, 2010
More Clueless Mainstream Press Commentary on Gold / Commodities / Gold and Silver 2010
Once again we see another bearish piece on Gold in the WSJ. Rather than attack the author personally, we want to illustrate how the article is another example of the lack of any quality gold commentary both in general and in mainstream publications.Read full article... Read full article...
Tuesday, July 13, 2010
Will Gold Eever be a Means of Exchange and Measure of Value? / Commodities / Gold and Silver 2010
When gold is written about as money, it means different things to different people. Money is, after all, what most people see as a means of exchange; you use money to pay for goods and services, simply that.
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Monday, July 12, 2010
Blame Gold and Market Volatility on Summer Doldrums, Not Deflation / Commodities / Gold and Silver 2010
In 2004, Analyst John Lee founded Mau Capital Management, a hedge fund based in Vancouver that invests mostly in junior mining companies. In this exclusive interview with The Gold Report, Lee deflates the deflation argument, discusses why he favors near-term gold and silver producers over early stage explorers, and reveals some of his fund's top holdings.
The Gold Report: Everyone is concerned with the volatility in the markets. What's going on out there?
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Monday, July 12, 2010
Silver’s Historical Correlation with Gold Suggests A Parabolic Top As High As $714 per Ounce! / Commodities / Gold and Silver 2010
Almost 70 respected economists, academics, gold analysts and market commentators (see list below) are of the firm opinion that gold is going to go to at least $2,500 if not as high as $10,000 per ounce (or more) before the parabolic top is reached. As such, just imagine what is in store for silver given its historical price relationship with gold. We’re looking at an extreme case scenario of a future parabolic top of perhaps as much as $714 per ounce for silver, the ‘poor man’s gold’. Let me explain.
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Monday, July 12, 2010
Gold, Silver, Precious and Base Metals Your Best Defense! / Commodities / Gold and Silver 2010
Precious and base metals are not only critically strategic commodities — but what’s happening in those markets are also blatant signs of what may well be the most urgent financial AND strategic dilemma of our time:
The threat to the cornerstone of our nation, the massive financial and debt crisis and their impact on the value of the U.S. dollar, and hence, your wealth.
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Monday, July 12, 2010
Gold Slips But Smart Money Slashes Short Position to 19-Month Low / Commodities / Gold and Silver 2010
THE SPOT PRICE of wholesale gold bullion slipped in Asian and early London trade on Monday, holding above $1200 an ounce – and holding 1.4% above last Wednesday's 7-week low – as world stock markets extended their four-session rise.
The Dollar slipped on the currency market, but US Treasury bonds ticked higher, nudging 10-year yields down to 3.04%.
Monday, July 12, 2010
Gold and Markets Await Inflation Figures from Eurozone, UK, US and China / Commodities / Gold and Silver 2010
Gold is lower in Asian and early European trading on low volume as the dollar has risen and renewed risk appetite has resulted in tentative gains in equity markets. Gold's marginally higher weekly close last week was positive from a technical point of view and could lead to follow through this week as momentum following traders and funds "make the trend their friend".
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Monday, July 12, 2010
Silver Heading for Price Crash to $9 / Commodities / Gold and Silver 2010
To put it mildly, more than a telescope will be needed to find the silver lining on the silver charts posted in this update.
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Monday, July 12, 2010
Gold Prices Have Peaked? / Commodities / Gold and Silver 2010
Jon D. Markman writes: If you think gold prices have peaked, think again. Gold may have fallen from its June 18 record high of $1258.30 an ounce, but the yellow metal is in for the long haul.
In fact, Credit Suisse Group AG (NYSE ADR: CS) has increased its long-range forecast for gold, arguing in a new report that prices should remain near current levels for at least the next four years.
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Sunday, July 11, 2010
The Cloud With A Silver Lining / Commodities / Gold and Silver 2010
With all the conflicting forces in the markets today it is difficult to see where real long term value might be hiding. No one is hard pressed for opinions about what to buy or sell, but a large percentage of those opinions are based on short term momentum ideas and not long term value.
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Sunday, July 11, 2010
Gold Paradox, Performs Well In Both Monetary Inflation and Deflation / Commodities / Gold and Silver 2010
The average punter understands the first graph. Gold increases in price in times of monetary inflation, because as an alternative store of wealth it provides a safe haven from central bank debasement of the currency.
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Sunday, July 11, 2010
Gold Taking a Breather After Recent Plunge / Commodities / Gold and Silver 2010
After a sharp drop leading into the long weekend last week gold seemed to have just taken a breather and moved sideways this week. I guess we’ll just have to wait and see what the next week brings.
TIME PERIODS
As you may have noticed while reading these commentaries they are separated into three time periods called long term, intermediate term and short term. Why bother, you might ask.
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Saturday, July 10, 2010
Theories of Relativity for Buying Gold and Silver Stocks / Commodities / Gold and Silver 2010
Stansberry & Associates Investment Research founder Porter Stansberry, who built his reputation on finding safe-value investments poised to give his followers years of exceptional returns and also has a reputation as an independent thinker with a penchant for "out-of-consensus" viewpoints, has tweaked his toolkit to help investors hedge a bit against volatility while protecting themselves against the collapsing fiat currency system. In this exclusive Gold Report interview, he shares some of the techniques that you might consider Porter's own theories of relativity. Buy gold stocks when they're cheap compared to the price of bullion. Stock up on silver when the silver-to-gold relationship soars well past its historic 15:1 ratio. Pick up corporate bonds when they trade at a big discount relative to par.
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Saturday, July 10, 2010
The BIS 382 tonne Gold Swap - Good or Bad for Gold and Why? / Commodities / Gold and Silver 2010
In its 2010 annual report, the Bank of International Settlements said that "gold, which the bank held in connection with gold swap operations, under which the bank exchanges currencies for physical gold," stands at 8,160.1 million in special drawing rights, equivalent to 346 tonnes this year, up from nil in 2009." Apparently this amount has now climbed to 382 tonnes since the report was issued.Read full article... Read full article...