Category: Gold and Silver 2011
The analysis published under this category are as follows.Monday, February 28, 2011
Gold Up, Silver Flat as Middle-East Turmoil Spreads / Commodities / Gold and Silver 2011
THE WHOLESALE PRICE OF large gold investment bars rose back towards Friday's 2011 highs early Monday afternoon in London, hitting $1415 per ounce as the Dollar fell and European crude oil rose towards new two-year highs above $112 per barrel.
Eurozone stock markets rose but German Bund prices slipped – nudging interest rates higher – despite news that Eurozone inflation slowed to 2.3% in Jan.
Monday, February 28, 2011
Gold Fireworks are About to Begin / Commodities / Gold and Silver 2011
The gold bull is now on the verge of launching the most spectacular up leg of this 10 year bull market. This spring we should see the final parabolic rally of the massive C-wave advance that began in April `09 with a test of the 1980 high at $860.
First off let me explain gold's 4 wave pattern (and no it has nothing to do with Elliot wave).
Monday, February 28, 2011
February Sees Gold up 6% and Silver up 19% on Inflation and Escalating Geopolitical Risk / Commodities / Gold and Silver 2011
The paper-driven sell off in the gold market seen in January has been trumped by continuing robust physical demand in January and February. This has resulted in gold rising nearly 6% in February and silver’s strong industrial and investment demand leading to a 19% rise to new nominal 30-year highs.
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Monday, February 28, 2011
Libyan Fruitcake Sent Silver to a New High / Commodities / Gold and Silver 2011
After last week's update called for a near-term top in silver we got one more up day, thanks to the antics of the Libyan "fruitcake" digging his heels in and resisting being swept away. After that silver did indeed start to correct back although it ended the week with an up day.
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Monday, February 28, 2011
Gold Dome Break Out Held at Resistance, Stocks Bearish Pattern / Commodities / Gold and Silver 2011
Gold broke out above its Dome boundary last week, which was not what we were expecting. Fundamentally this action was due to fears relating to the worsening situation in Libya, and while this breakout is a bullish development, it has not as yet led to a breakout to new highs, and the bearish overall behaviour of PM stocks last week means that it could have been a fakeout.
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Sunday, February 27, 2011
Gold Fails to Break to New All Time High Despite Middle East Crisis / Commodities / Gold and Silver 2011
Despite all the turmoil gold was not able to get into new high territory. It will be interesting which way for gold next week.
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Sunday, February 27, 2011
Silver Market Hit Hard With Bear Raid / Commodities / Gold and Silver 2011
Friday I said: "Today was the option expiration on the Comex, and those options which are 'in the money' and have not been settled for cash are now converted to March futures positions.
Depending on the size and distribution of those conversions we may see some 'action' in the front month because they are sometimes notoriously weak hands and will receive at least one 'gut check.'"
Sunday, February 27, 2011
The Global Flight into Gold and Silver / Commodities / Gold and Silver 2011
The world is awash in dollars and that is being reflected in the USDX, which are six major currencies versus the dollar. The loss of value is being loudly trumpeted as the IMF says a replacement must be found. This is the same IMF that has been foisting non-gold backed SDRs on us since 1969. Every time they have tried this it has been a failure. We can give the Illuminists an ‘A’ for effort, but what they do not get is that the professionals and investors see right through it. Another batch of fiat currency is not going to solve the world’s currency crisis, which can only be saved by gold backing. Needless to say, the mainstream media will never talk about this in realistic terms, because the elitists control them. The denigration of currencies versus gold and silver are advancing apace, as the elitists day after day try to suppress gold and silver prices.
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Saturday, February 26, 2011
The Most Compelling Argument for Owning Silver I've Ever Heard / Commodities / Gold and Silver 2011
Sean Goldsmith writes: The talk of the investment industry is a video making its way around the internet right now…
Saturday, February 26, 2011
Gold Moving Closer To All-time High / Commodities / Gold and Silver 2011
Gold prices have slipped a bit to close out the week, but an ounce of gold is holding steady over $1,400 as a run toward late December’s all-time intraday trading high of $1,431.50 appears inevitable in the coming weeks.
Continued political unrest in Libya and Bahrain, combined with the recent overthrow of 30-year Egyptian President Hosni Mubarak, has driven speculators toward commodities.
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Friday, February 25, 2011
Mideast Mayhem to Drive Gold Price Higher / Commodities / Gold and Silver 2011
As Casimir Capital Managing Director Wayne Atwell sees it, further political unrest in the Middle East could push gold higher, while inflation risk and sovereign debt issues in Europe are longer-term price catalysts. He also shares a few up-and-coming gold juniors that Casimir covers in this exclusive interview with The Gold Report.
The Gold Report: In a recent interview with Bloomberg you said, "Gold's gotten stronger because it's no longer weak." Can you explain that concept to our readers?
Friday, February 25, 2011
Why is the Dollar Falling in Gold and Currency Terms? / Commodities / Gold and Silver 2011
In the last few days a fairly new market perception has been creeping in. The expectation that Eurozone interest rates are going to start rising ahead of U.S. interest rates is taking hold. But while the original intention in Europe was to raise them as soon as it was seen that the recovery was really taking hold, it is becoming apparent that inflation may well beat them to it. As energy and food inflation are here to stay the reason rates will rise now is to tackle inflation.
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Friday, February 25, 2011
Gold Adds 1% But Silver Unwinds Week-on-Week Jump as Oil Price Hit by Margin Hike / Commodities / Gold and Silver 2011
BOTH GOLD and physical silver prices failed to hold onto a sharp overnight bounce in London trade on Friday, trading below $1404 and $33 respectively per ounce as volatility in crude oil remained at record levels but world stock markets rose for the first day in six.
The US Dollar snapped its 7-day losing streak, bouncing against the Euro, Sterling and Yen and leaving gold prices for non-Dollar investors slightly higher again.
Thursday, February 24, 2011
What You Need to Know About Buying Silver Today / Commodities / Gold and Silver 2011
It's hard to believe that less than three years ago, silver was $8.80 an ounce. Since then it has nearly quadrupled in value (up 385%) and more than doubled in the last 12 months alone.
That's great for those who already own the metal - but is it too late for the rest of us to get in?
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Thursday, February 24, 2011
End of the Gold Bull Market? / Commodities / Gold and Silver 2011
Is time running out for the mighty gold bull?Has a favorite son been brought to his knees?
Take a close look at the following evidence.
We may have seen the end of this gold cycle.
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Thursday, February 24, 2011
Gold Up, Silver Down as Soaring Oil & Bond-Market Rates Snub Geithner's "No Stagflation" Claim / Commodities / Gold and Silver 2011
THE PRICE OF GOLD rose further in London trade Thursday morning, hitting new 2011 highs for Dollar investors as Brent crude oil jumped to $119 per barrel and a raft of economic analysis warned of "stagflation" ahead for the global economy.
Silver prices ticked lower together with platinum and palladium – which also find the bulk of their demand from industry, rather than investment or jewelry – as well as base metals.
Thursday, February 24, 2011
China Steps up Silver Purchases / Commodities / Gold and Silver 2011
Carefully hidden in the depths of a recent Forbes blog was perhaps one of the most important stories for all of 2011, at least for silver. Robert Lenzner wrote that “China’s Industrial and Commercial Bank (ICBC) reports purchases of physical gold and gold-related investments are growing at record setting rates.”
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Thursday, February 24, 2011
Gold and Silver Prices, Getting to Know Crisis Premiums / Commodities / Gold and Silver 2011
There’s a term gold and silver investors like to use to describe changes in premiums based solely on changes in the markets and demand for physical metals: the crisis premium.
The crisis premium was most recently encountered at the turn of the new millennium when hundreds of thousands of people stashed record collections of gold and silver to protect against what was supposed to be the worst electronic catastrophe ever. Bank balances were supposed to go to zero, and computers were to become virtually worthless when the date rolled over to 01/01/00. Of course, that never happened, no one died, and the sun still rose the next morning.
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Wednesday, February 23, 2011
QE2, The Road To A Gold Standard / Commodities / Gold and Silver 2011
What an incredible few weeks with global uprisings! It is not all too surprising that social eruptions over food prices come from the Arab world, since they spend up to 75% to 80% of income on food for basic needs. What proof that the global economy is not a closed system! The QE and QE2 initiatives have spread like a powerful virus, leading to global commodity prices heading upward and quickly. Even cotton is up 170% in price. The USFed has suffered even more credibility blows, calling the global food price inflation unrelated to its QE2 policy. It is obviously connected. What we have is the Western Big Banks protected from fraud prosecution, redeemed for their broken toxic balance sheets at government expense, leading to a global price tag in the form of foodstuffs and commodities.
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Wednesday, February 23, 2011
Silver a Sound and Credible Currency / Commodities / Gold and Silver 2011
As a currency, the Euro doesn't have to do much to equal its peers...
"SILVER HITS new all-time highs in Euro" proclaimed Zero Hedge on Monday.
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