Category: Gold and Silver 2011
The analysis published under this category are as follows.Wednesday, January 12, 2011
Gold Bullion Demand Surges in Middle East and Asia / Commodities / Gold and Silver 2011
Gold is marginally higher in US dollars while silver has risen by nearly 1% in all major currencies this morning. Risk appetite remains highs as seen in higher Asian and European bourses today. The US, Hong Kong and New Zealand dollar are weaker as are Australian and German government bonds (which rose 6 basis points and 4 basis points to 5.51% and 2.96% respectively).
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Wednesday, January 12, 2011
When To Buy Gold And Silver / Commodities / Gold and Silver 2011
Gold and silver are falling.Two of the most over loved, overbought markets on the planet, are going down. What fortune awaits the holders of these barbarous relics. Will they go the way of oil, after it reached $145 and was never supposed to see $100 again, let alone $30.00. Is another crash like we saw in 2008 coming? Have the inflationist made the mistake of their lives?
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Wednesday, January 12, 2011
Virginia Considers Gold as Alternative Currency for When FED Breaks Down / Commodities / Gold and Silver 2011
In what could be the financial shot heard around the world, the state of Virginia is considering the establishment of a joint subcommittee to study whether the Commonwealth should adopt a currency such as gold or silver to serve as an alternative to the currency distributed by the Federal Reserve System in the event of a major breakdown of the Federal Reserve System.
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Tuesday, January 11, 2011
Gold and Silver Enter a Higher Risk, Higher Return Potential Zone / Commodities / Gold and Silver 2011
2011 is sure to be a critical year for gold with several analysts predicting an end of the bull market. It may sound very strange, but it appears that the USD Index has been leading the way for precious metals and suggests higher prices are likely to be seen soon. The general stock market may enter a consolidation phase in the near-term but has had little influence on gold, silver and mining stocks recently.
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Tuesday, January 11, 2011
Silver Vulnerable After Steep Uptrend Breakdown / Commodities / Gold and Silver 2011
Silver is now looking vulnerable as last week it clearly broke down from its steep uptrend in force from last August, after making new highs at the turn of the year. As we know from experience, when silver breaks down things can turn ugly fast, and technically the only thing that has preventing it from plunging thus far following the trendline failure has been the support level in the $28 area near to its rising 50-day moving average.
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Tuesday, January 11, 2011
Gold on the Verge of Going into Correction Mode / Commodities / Gold and Silver 2011
The rally in gold in the final trading days of December was unable to make new highs, and now it is on the verge of going into correction mode. On the 6-month chart we can see how, after a sharp drop on Monday, gold just held key support at $1360 from Wednesday through Friday. If this support should fail soon, which looks increasingly likely, then gold can be expected to go into retreat.
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Tuesday, January 11, 2011
Gold & Silver Rise Again on "Robust" Asian Buying / Commodities / Gold and Silver 2011
THE PRICE OF GOLD rose further against all major currencies in London trade on Tuesday morning, reversing two-fifths of last week's $68 drop to hit $1385 per ounce for US investors.
Global stock markets also rose, adding more than 1% to London shares, as energy and agricultural commodities extended their rally.
Tuesday, January 11, 2011
Not Owning Gold is a Form of Insanity / Commodities / Gold and Silver 2011
Gold remains well supported in all major currencies this morning, especially the euro, pound, yen and the New Zealand and Australian dollar. Concerns about inflation, credit bubbles and the growing likelihood that the Eurozone debt crisis will deepen is leading to continuing safe haven demand for gold – particularly in India, China and wider Asia.
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Tuesday, January 11, 2011
Gold Outlook 2011: Irreversible Upward Pressures and the China Effect / Commodities / Gold and Silver 2011
Good afternoon. It is a pleasure to return to the Empire Club to discuss the outlook for gold and precious metals in 2011. I know this may appear to some to be an enviable job—getting to speak about the one asset class that seems to continually out-perform all others year after year—but it is a double edged sword.
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Tuesday, January 11, 2011
110 Analysts Believe Gold Will Go Parabolic to $3,000 or More! / Commodities / Gold and Silver 2011
More and more economists, analysts and financial writers, 122 in fact, have taken the bold step of projecting the price at which gold will achieve its parabolic peak. Some have adjusted their previous prognostications higher given gold’s strong advance again in 2010 while others have jumped aboard what has become a bandwagon of optimism. The majority (84) maintain that $5,000 or more for gold is possible. 6 individuals have even gone so far as to claim that the parabolic peak will be realized sometime in 2011.
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Monday, January 10, 2011
Mainstream Hacks Deny Gold its Fundamentals / Commodities / Gold and Silver 2011
Yesterday I came across a clip from one of the business channels. The discussion was about “king dollar” and Gold. (The king dollar probably gives it away). Anyway, one of the guests quipped, “I’m on record that Gold is a dumb trade. It is rising based on fear and confusion and when that subsides, the Gold trade ends.”
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Monday, January 10, 2011
New Year’s Resolutions for Your Gold Portfolio / Commodities / Gold and Silver 2011
Jeff Clark, BIG GOLD writes: It's exciting to think we may be nearing a mania in gold. The price will likely double or more within a 12-month period not too far in the future (it rose 125.7% in 1979). And yet, amazingly, there will be investors who lose money in that run.
How? Chasing returns. Jumping in and out of positions. Too emotional. Underinvested. Lack of diversification. Inappropriate expectations. Ironically, all of these are within the control of the investor.
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Monday, January 10, 2011
Gold Whips Near Euro-High as Germany Denies Portuguese Bail-Out, Hong Kong Premium Rises Again / Commodities / Gold and Silver 2011
GOLD PRICED IN EUROS whipped within 1.5% of last month's all-time record highs in London dealing on Monday, as weaker-economy Eurozone bonds fell sharply on a raft of bail-out rumors.
Both silver and gold prices meantime reversed an earlier rally against the Dollar, while stock markets fell together with broad commodity prices.
Monday, January 10, 2011
Silver Demand Surges 6 Fold in India and World's Richest Man Enters the Silver Market / Commodities / Gold and Silver 2011
Gold is marginally lower today despite EU sovereign debt issues again being focused on. Gold should be well supported at the 100 day moving average and some analysts are saying that last Friday’s sell off may mark the low for the year.Gold is currently trading at $1,367.25/oz, €1,060.72/oz and £881.26/oz.
Sunday, January 09, 2011
Massive Silver Withdrawals From The Comex / Commodities / Gold and Silver 2011
It will be interesting to see how the CFTC, the Obama Administration and the Comex deal with this situation with silver, including massive paper short positions.
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Sunday, January 09, 2011
Will the Gold Rally Last? / Commodities / Gold and Silver 2011
It seems that gold puts on a rally of sorts at the end of the year. The big question always is “will it last?” It seems that this year it may not last but the action is still not all that bearish so there is hope that the down side will be short.
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Sunday, January 09, 2011
Gold Bottom or Breakdown? / Commodities / Gold and Silver 2011
This past week we saw gold have its biggest two-day drop since February of last year ending the third longest streak of trading above its 50-day that the yellow metal has had since 2000. The first streak ended in 2002 with 124 trading days and the second in 2008 with 143 trading days. No bull market goes up in a straight line.
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Sunday, January 09, 2011
Central Banks are Acquiring Gold, Dumping US Dollars / Commodities / Gold and Silver 2011
There is evidence that central banks in several regions of the World are building up their gold reserves. What is published are the official purchases.
A large part of these Central Bank purchases of gold bullion are not disclosed. They are undertaken through third party contracting companies, with utmost discretion.
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Saturday, January 08, 2011
Will Gold, the Dollar or the Euro Collapse? / Commodities / Gold and Silver 2011
Right now, the markets have pulled gold back in the face of what seemed to be an upward turn in the U.S. economy. Many may feel this is the time to sell gold. The growing Eurozone debt crises could spell the end of the euro as we know it. The debt problems of the U.S. are worse than Europe so it is a time to ask, "Will these three forms of money collapse?"
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Saturday, January 08, 2011
Real Silver Highs / Commodities / Gold and Silver 2011
Thanks to its awesome autumn rally, silver has become something of a rock star in the commodities world. Investors and speculators alike are enthralled with this white metal. But with it just hitting new 30-year highs, many on Wall Street suspect silver is stretching to bull-ending extremes. However once silver’s modern history is recast into real inflation-adjusted terms, this metal’s secular bull is still looking young.
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