Category: Gold and Silver 2011
The analysis published under this category are as follows.Friday, February 11, 2011
Gold and Silver the Ultimate Profit Keys and Wealth Protection / Commodities / Gold and Silver 2011
“The lack of growth in the M3 measure — traditional broadest money supply measure used by the Fed until its abandonment in March 2006 — suggests a re-intensifying systemic solvency crisis, as does the continued lack of growth in bank lending. The implications here remain extremely negative for broad economic activity. On the inflation front, however, where there is an overhang of $7 trillion or so outside the United States — being held at the whim of dollar investors — that has to be considered in the U.S. monetary picture. Higher prices already are being seen in a number of dollar-denominated commodities, ranging from oil to food. The higher prices are anticipating and fueling the early stages of Mr. Bernanke’s desired debasement of the dollar.”
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Friday, February 11, 2011
Gold, Silver and the Validity of Technical Analysis / Commodities / Gold and Silver 2011
Recently the economics site: www.FinanceandEconomics.org published an article on "Precious Metals and the validity of Technical Analysis. We completely agree with the thoughts expressed there and in this piece would like to expand on their thoughts here. Over the last eight years or so we have seen the Technical Analysis approach to the gold price give incorrect signals, when seen in isolation. Many times the technical picture pointed down on the gold price in the face of a strong fundamental picture. We know that this has wrong-footed many gold investors who found themselves waiting for a fall only to see it consolidate then rise.
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Friday, February 11, 2011
Silver Bullion Backwardation Suggests Supply Stress / Commodities / Gold and Silver 2011
Gold and silver are higher against all currencies (except the Canadian dollar) in the wake of the worse than expected trade deficit number ($40.6 billion). Sterling and euro are particularly weak against gold and the US dollar today.
Silver backwardation continues and while spot silver is at $30.09/oz, the March 2011 contract is at $30.07/oz and April at $30.01/oz. Incredibly, the July 2012 contract is trading at $29.93/oz and the December 2013 contract at $29.91/oz.
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Friday, February 11, 2011
Gold Rises as Stocks Slip / Commodities / Gold and Silver 2011
DOLLAR-PRICED GOLD held onto this week's 1% gain in London trade by Friday lunchtime, holding steady against the rising US currency as bonds pushed higher but world stock markets headed for their first weekly loss in three.
"Euro denominated gold has now convincingly broken back above the €1000 level" per ounce, says one London dealer in a note.
Thursday, February 10, 2011
Showdown in the Gold and Silver Markets: Let's Get Ready to Rumble / Commodities / Gold and Silver 2011
Silver is likely to lead the way higher from here, with gold following.
The suppression of the metals by the central banks since 1971 will not fall apart in a moment. But if there is a time to which people will later point and say, 'this was the turning point,' it is likely to be in the intital breakout of silver above twenty and of gold from its big cup and handle formation. To borrow an analogy from wartime, this was their Stalingrad, prelude to Kursk.
Thursday, February 10, 2011
Gold Slips vs. Rising Dollar as Stocks Markets Fall / Commodities / Gold and Silver 2011
THE DOLLAR price of gold slipped to two-day lows on Thursday morning as the US currency rose and world stock markets fell hard.
Hong Kong's Hang Seng index lost 2% and London's FTSE100 dropping 0.9% by lunchtime.
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Thursday, February 10, 2011
Silver Lease Rates Rise Sharply – Bond Yields in Portugal Rise to Record / Commodities / Gold and Silver 2011
Gold is down 0.32% against the US dollar which is higher against all major currencies today. Gold is marginally higher in euros, Swiss francs, and Aussie and Kiwi dollars. Silver is down 1% in US dollars and lower in all currencies.
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Thursday, February 10, 2011
GDX Gold Miners Index May Be Warning Us… / Commodities / Gold and Silver 2011
The past couple weeks I have been keeping a close eye the price of gold and the gold miners index. I check to see if its pointing to higher or lower prices in the near future using inter-market analysis, price and volume, along with technical analysis. At this time the charts are still pointing to lower prices in the coming days or weeks.Read full article... Read full article...
Thursday, February 10, 2011
Pricing the World in Gold / Commodities / Gold and Silver 2011
Equities, housing, commodities and bonds viewed through the prism of what money once was...
WHAT WOULD the world look like if, as a handful of economists, investors and politicians hope, gold really was money again?
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Thursday, February 10, 2011
Municipal Bond Market Shock Could Ignite Silver Charts / Commodities / Gold and Silver 2011
Less than 45 days into 2011, it appears that this just may be the year of the paper recovery, but that doesn’t mean that lingering problems have been wiped away. At center stage now is the municipal bond market, which having grown tremendously as investors fled to safe havens in 2009, may soon find itself in a perilous situation.Read full article... Read full article...
Wednesday, February 09, 2011
Gold Markets At A Crossroad – What Now? / Commodities / Gold and Silver 2011
We are very bullish for the long-term for the resource sector, i.e., gold, silver and the resource shares. However, we need to live life and the markets in real time and the question is where are we now and what should investors do, if anything?
The big question mark is for the short-term (several weeks) and the immediate term (1 – 3 months).
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Wednesday, February 09, 2011
Gold Prices Rise, Oil Falls / Commodities / Gold and Silver 2011
Oil prices are off this week, while gold prices continue to move higher after a near term drop to $1,314.90 on January 28th.
The Wednesday (February 9) morning price for oil futures is $87.23 per barrel on the New York NYMEX. This is up by $.29 over Tuesday’s settle price, but the current price represents nearly a $5 drop from last week’s highs near $92.
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Wednesday, February 09, 2011
Gold and Silver Through the MacroScope / Commodities / Gold and Silver 2011
Gold and Silver Through the Macroscope
Let's start with a 600 year perspective on gold prices (gold-lined chart) and silver prices (blue-lined chart):
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Wednesday, February 09, 2011
Gold/Silver Ratio Falls Through "Major Support" as Both Metals Rise / Commodities / Gold and Silver 2011
THE PRICE OF GOLD rose back towards yesterday's 3-week peaks in London on Wednesday, pushing higher against all major currencies as world stock markets slipped.
Crude oil rallied and US government bonds also ticked higher, while wheat prices hit near 3-year highs following news of a winter drought in China, the world's top producer.
Wednesday, February 09, 2011
Gold at EUR1,000/oz - Strong Physical Demand Leading to Illiquid Conditions / Commodities / Gold and Silver 2011
Gold and silver are marginally lower against most currencies after yesterday’s 1% and 3% rise respectively. Gold rose above €1,000/oz again yesterday and remains just below the €1,000/oz level today despite the euro being stronger versus other currencies. Silver is back above the important $30/oz psychological level and €22/oz.
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Wednesday, February 09, 2011
Gold May Outshine Silver in the Medium Term / Commodities / Gold and Silver 2011
Political as well as economical developments around the globe, especially in the Middle East, have affected the commodity markets during the previous week. Notwithstanding the uncertainty associated with the social illness, a strong demand has supported the precious metals. Talking about the reasons, Chinese New Year celebrations top the discussions. The growth in demand is being attributed in part to Chinese families giving each other gifts of gold instead of traditional red envelopes filled with cash. Fears of inflation have also driven demand for gold.
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Wednesday, February 09, 2011
Eye on FCX as Gold and Silver Shine / Commodities / Gold and Silver 2011
Increasingly, my near-term work is bullish on Freeport McMoran Copper & Gold (NYSE: FCX) as it moves in a sideways triangular consolidation. If the sharp upmove in the precious metals is for real, FCX must participate. If it fails to climb with gold and silver continuing to strengthen, then I will view its divergence as a major warning signal about the miners as well as the underlying upmove in the bullion.
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Wednesday, February 09, 2011
Gold Will Outperform After Stocks Peak / Commodities / Gold and Silver 2011
At the end of December we posted a commentary titled “Three Things that could Halt Gold’s Run.” We theorized that strength in conventional markets pressures Gold. When stocks perform well, mainstream gurus and stock jocks can ignore Gold. Here is a snippet of our comment:
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Tuesday, February 08, 2011
Are Gold And Silver Prices Going To Turn Up? / Commodities / Gold and Silver 2011
As we write, the gold price is at $1,364 having bounced off support at $1,324. It is now consolidating, so we have to ask is it about to return to an upward movement longer-term? If it is just consolidating before another strong drop we need to know because it could mean that the long-term upward trend will be broken. For sure the gold market has moved into one of those high risk areas where one expects a sudden and a strong mover, either way. But if it is going to rise, then we are at the point where we should be entering or re-entering the market. The trader may well find himself taking a 'spreading' position and the medium or long-term investor must decide to go in or stay out. The Technical picture is not as conclusive to them as they would like, so they may only enter once they see a clear direction. What process should an investor go through when a market is in this condition?
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Tuesday, February 08, 2011
Gold Hits 3-Week High as China Raises Rates, Silver "Outperforms" / Commodities / Gold and Silver 2011
THE PRICE OF GOLD jumped to 3-week highs Tuesday morning in London, rising as world stock markets stalled and commodity prices fell following a new interest-rate hike by the People's Bank of China.
Silver prices also recovered from an earlier dip after touching a four-week high at $29.80 per ounce.