Category: Gold and Silver 2011
The analysis published under this category are as follows.Wednesday, February 23, 2011
Gold $2,300, Silver $150 and Looming Stock Market Crash / Commodities / Gold and Silver 2011
Notes from the Cambridge House Silver Summit - Cambridge House puts on some of the best commodity-focused investment conferences in the industry and this year was no different. The February show in Phoenix, Arizona included presentations from industry heavyweights such as Ted Butler, Bill Murphy, Jay Taylor, Mickey Fulp, John Kaiser and others. Over 40 booths were filled with up-and-coming junior resource miners, including one of my favorite silver plays, Aurcana Corporation (CVE: AUN or AUNFF). Aurcana stock advanced as much as 19% today, the first trading session following the conference. Aurcana just began construction on their Shafter mine in Texas, which is estimated to be one of the top ten largest silver mines in the world. In addition the company is already producing one million ounces from its La Negra mine in Mexico and is projecting a jump to 5 million ounces per year once Shafter comes online.
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Wednesday, February 23, 2011
Gold Short Position Could Pay Off With This Scenario / Commodities / Gold and Silver 2011
In this 4 minute video I explain exactly what I mean by a "short gold position." It does not mean I am bearish on gold, however the scenario I point out in this video could make money by being short gold and long another important market.
The video points out what the scenario is, and which market you should be long in, against a short gold position. This is an interesting twist and a video you shouldn't miss.
Wednesday, February 23, 2011
Gold Finds Bargain Hunters at $1400 as Saudi King Spends $38bn to Avoid Revolution / Commodities / Gold and Silver 2011
THE WHOLESALE LONDON PRICE of physical gold held onto this week's early rise again on Wednesday, pushing back above $1400 per ounce as world stock markets fell and crude oil rose to new two-year highs as fresh anti-government protests hit the Gulf state of Bahrain.
More gunfire was reported in the Libyan capital Tripoli, but eastern cities enjoyed "delirious celebrations" at the demise of Colonel Gaddafi's forty-year regime, according to the BBC.
Wednesday, February 23, 2011
How To Use Gold And Silver To Get Rich On Inflation / Commodities / Gold and Silver 2011
Below, I look at what is driving the precious metals markets. The US government and the Fat Boys that control the Federal Reserve banking system, both benefit from inflation. We can also benefit, by understanding who, is doing what, to who.In the second part, I suggest a way to use loose money and low interest rates to protect us from inflation.
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Wednesday, February 23, 2011
Gold, China and the West Take Opposite Approaches to Inflation / Commodities / Gold and Silver 2011
Precious metals gained on Friday amid the G-20 weekend summit, geopolitical concerns, and inflationary pressures. Gold traded at $1390 per ounce while silver was at $32.65 per ounce. So far, February has been an interesting month for gold. The development in emerging markets, inflationary pressures in the United States and lingering geopolitical worries have all contributed to its rally.
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Wednesday, February 23, 2011
Why I'm Buying Silver at $30 / Commodities / Gold and Silver 2011
Jeff Clark, BIG GOLD writes: The silver price has bounced 27% since January 28, a huge advance for a measly 16 trading days. It's already soared past its 2010 high and was selling for less than $16 this time last year, a double in 12 months. So, is it pricy? Or should we ignore the run-up and keep buying?
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Tuesday, February 22, 2011
Jewelry Drives the Gold Love Trade / Commodities / Gold and Silver 2011
This week, the World Gold Council (WGC) confirmed something we’d already suspected: 2010 was a remarkable year for gold. Overall demand grew by 9 percent to reach a 10-year high on increased jewelry demand, strong momentum in key Asian markets and a paradigm shift in the official sector, the WGC says.
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Tuesday, February 22, 2011
Why Are Gold and Silver Breaking Out? / Commodities / Gold and Silver 2011
We have yet to complete two months of 2011 and so far we have already seen several attempted revolutions in Middle Eastern countries, with so far two of them successful. All of them have been unexpected and have caught the world by surprise. We are on the brink of the next successful revolution [Libya] disrupting the oil market and taking prices so high that we are likely to see them negatively impact growth in the developed world.
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Tuesday, February 22, 2011
Gold, Central Banking, Fecks, Lies and Video Tape / Commodities / Gold and Silver 2011
The purpose of this article – it’s an attempt to bring some transparency to what’s really happening in the precious metals complex by underscoring the words and actions of players in the Central Banking community. Attention is drawn to the fact that these elitists lie as a matter of policy but are prone to making simple mistakes like all humans do. Specifically, light is shone on the degree to which these same elitists will go to keep their surreptitious market activities ‘secret’ and their irredeemable fiat currencies viable.
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Tuesday, February 22, 2011
Russian Klondike Gold Rush is on the way / Commodities / Gold and Silver 2011
Russia may legalize private gold mining, which was banned in the country during the 1950s. Deputies of the Russian State Duma upheld the initiative, having approved amendments to the law "About Underground Resources" in the first reading. Spokespeople for the Russian regions rich with placer gold, are interested in the amendments.Read full article... Read full article...
Tuesday, February 22, 2011
Silver "Disconnected from Gold" / Commodities / Gold and Silver 2011
THE PRICE OF GOLD and physical silver whipped sharply in London trade on Tuesday, falling hard only to rally as New Zealand's second-biggest city Christchurch was struck by an earthquake and Libyan dictator Colonel Gaddafi's defiant appearance on state TV led to accusations of "genocide" and "the government killing its people" by his own diplomats in the Unitd States.
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Tuesday, February 22, 2011
Gold Fever in China Sparks Phenomenon Global Demand / Commodities / Gold and Silver 2011
Don Miller writes: Inflation risk is driving "explosive" buying of physical gold in China, putting the country on a path to becoming the world's number one gold consumer and driving demand for the yellow metal to a 10-year high.
Chinese demand for gold bars and coins reached 180 tons in 2010, up a whopping 70% from 2009, Albert Cheng, the World Gold Council's managing director for the Far East, said at a news conference last Thursday.
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Tuesday, February 22, 2011
Libya Unrest Boosts Crude Oil, Gold and Silver Prices / Commodities / Gold and Silver 2011
As unrest escalated today in Libya the pressure was felt in the oil world with WTI up $2.17 to $97.50, Brent Crude up $2.26 to $108.00. Gold prices gained $17.50 to close in London at $1406.60/oz, with silver prices adding a huge $1.25 to close at $33.91.
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Tuesday, February 22, 2011
Silver Fractal Analysis Suggests May-June Target of $52-$56 / Commodities / Gold and Silver 2011
Dollar Inflation remains the driver of the pricing environment for almost everything denominated in U.S. Dollars as long as the Fed continues to monetize debt. The debt monetization creates Dollar Inflation that results in Dollar Devaluation. As the Fed ramps up the QE II that they have announced will end in June, I expect Gold, Silver, and the PM stocks to aggressively rise.
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Monday, February 21, 2011
Silver Buoyed by Growing Industrial Demand / Commodities / Gold and Silver 2011
Irrespective of the concerns over financial tightening, talks of a gold bubble and economical weakness, gold marked its tenth straight annual gain in 2010. Not only gold, other members of the precious metal group such as silver and platinum were also up last year. At this juncture, last year’s bull run appears to be running out of steam. However, both technicals and fundamentals indicate improved investment options in precious metals, particularly silver, if you have a long-term investment horizon.
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Monday, February 21, 2011
Silver Jumps 4.7% as Gold Unwinds New Year's Drop / Commodities / Gold and Silver 2011
THE PRICE OF GOLD broke above $1400 per ounce and the silver price jumped above $33.50 in London trade on Monday, extending last week's strong gains on what a growing number of market professionals call "safe haven buying" amid fresh turmoil in the Middle East.
"A particularly ominous sign for the Dollar is that there's been no safe-haven demand for the [US currency]," says Steven Barrow, chief forex strategist at Standard Bank in London.
Monday, February 21, 2011
Gold and Silver Prices Strengthen as the US Dollar Weakens / Commodities / Gold and Silver 2011
We kick off with a quick look at the chart for gold and as we can see both the 50dma and the 200dma are moving up nicely in support of gold prices. The recent correction could have taken gold to have tea with the 200dma, however, strong buying came in and pushed the price through resistance in preparation for the next leg up. The technical indicators, the RSI and the STO, are on the high side suggesting that a breather could be on the cards, but don't count on it, indicators can remain distant from the ‘norm’ for extended periods of time.
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Sunday, February 20, 2011
China becomes World's Largest Producer of Gold / Commodities / Gold and Silver 2011
In 2010, China mined the record amount of gold in the world. The production volume of nonferrous metals in China amounted to 340.88 tons, which is 8.57% higher than a year earlier, and continues to grow. In recent years, China has consistently increased the amount of its gold reserves. Nevertheless, experts believe that China has a long way to go to reach the level of the world leading economies.
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Sunday, February 20, 2011
Silver Bankers May Be Sitting on Huge Derivatives Losses and the Fed May Be Funding Them / Commodities / Gold and Silver 2011
My question is simple. What are bankers like J.P. Morgan and HSBC doing playing in such size in this market? What is the economic and productive benefit? Perhaps there is a good answer. The taxpaying public certainly deserves to know. The CFTC says they have looked into this, but the detailed results of their findings remain less than forthcoming.
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Sunday, February 20, 2011
Gold Uptrend Lacks Enthusiasm / Commodities / Gold and Silver 2011
Well, it was up, up all week long for gold. However, there seemed not to be any enthusiasm behind the move and trends do not last long without enthusiasm. Maybe it will enter this coming week.
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