Category: Gold and Silver 2011
The analysis published under this category are as follows.Friday, October 07, 2011
Global Debt Crisis: Investing in "Toxic Waste Treasuries" or Gold and Silver? / Commodities / Gold and Silver 2011
Why would, almost non-yielding Treasuries, be a safe haven, when the government is broke? We would guess that, when a US dollar collapse comes, that owners of such bonds, notes and bills would like to lose equally what everyone else holding these debt instruments loses. We call it a commitment to stupidity. Those that see the folly in such action switch their cash flow to commodities, gold and silver.
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Thursday, October 06, 2011
Why Isn't the Gold Price Going Through $2,000 Now? / Commodities / Gold and Silver 2011
The gold price went over $1,900 and looked as though it was going to mount $2,000, but since then has fallen back to $1,600 and is in the process of consolidating around the lower $1,600 area. It was expected that it would have moved a lot higher faster, but that hasn't happened, yet.Read full article... Read full article...
Thursday, October 06, 2011
Gold Steady, Eurozone Recapitalization "Must Depression Proof Banks", QE2 Launches in London / Commodities / Gold and Silver 2011
SPOT MARKET gold bullion prices bounced around $1650 per ounce Thursday morning in London – 1.6% off the week's high – while stocks and commodities continued to rally following rumors of European bank stress tests and possible recapitalization.
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Thursday, October 06, 2011
Gold Accepted as Collateral by LCH.Clearnet; ECB and BoE Likely to Keep Rates Ultra Loose / Commodities / Gold and Silver 2011
Gold is trading at USD 1,650.20, EUR 1,235.92, GBP 1,066.23, JPY 126,484.50, AUD 1,698.96 and CHF 1,524.98 per ounce.
Gold’s London AM fix this morning was USD 1,649.50, EUR 1,234.19, and GBP 1,065.43 per ounce. Yesterday’s AM fix was USD 1,600, EUR 1,202.56, and GBP 1,035.40 per ounce.
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Thursday, October 06, 2011
Load Up On Gold and Silver as Bernanke Dives Off the Deep End / Commodities / Gold and Silver 2011
Martin Hutchinson writes: I first thought U.S. Federal Reserve Chairman Ben Bernanke was being deceitful when he denied the existence of inflation - but now I'm beginning to think he's simply delusional.
Anyone who watched or listened to Bernanke's Oct. 4 congressional testimony must have reached the same conclusion.
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Thursday, October 06, 2011
Debt Crisis in Europe and the Dollar Weakens which drives Gold, Silver and Miners Up / Commodities / Gold and Silver 2011
If you want to know future then pay attention to Europe. Pay attention to the policymaker’s decisions regarding the debt. Pay attention to Greece. While many of us have been waiting for ages for Greece to default on its insurmountable debt, it looks like the wait might be over. It's now been realized that Greece isn't going to make its deficit targets that were agreed upon when the country took its loans from the IMF and European Central Bank. While the deficit was originally supposed to be only 7.8% of the nation's GDP, due to slowdowns and poor forecasts, the deficits will now be a whopping 8.5% of GDP. This is putting even more pressure on the already fragile nation, which is even closer to a default as the deficits continue to eat away at the nation's economy.
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Thursday, October 06, 2011
Gold's New Volatility in Pictures / Commodities / Gold and Silver 2011
Three charts showing just how violent the gold price has become...
ONLY 12 MONTHS AGO, the gold price was so placid – quietly making new record highs above $1300 and then $1400 per ounce – that volatility in its daily swings hit the lowest level in half-a-decade.
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Thursday, October 06, 2011
Gold and Silver at Bargain Prices Again? / Commodities / Gold and Silver 2011
Gold and silver bulls have been pushed back against the wall recently. The Dow Jones Industrial Average suffered its worst quarter since 2009, and caused many investors to liquidate their winning gold positions. Meanwhile, more economic slowdown fears seem to surface everyday, causing silver to be more volatile than gold. While gold gained roughly 8% in the third quarter, silver fell about 13%. Now, true gold and silver bulls are bargain hunting in precious metals.
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Thursday, October 06, 2011
Gold and Silver On the Threshold of the Greatest Bubble in History / Commodities / Gold and Silver 2011
Jeff Clark, BIG GOLD writes: It may not feel like it after a 12% correction in the past 30 days, but Mike Maloney – founder of GoldSilver.com – is convinced that we’re in a gold bull market that will be life changing for those who participate. I interviewed him for our current edition of BIG GOLD and am sharing some of what we talked about here. You may be shocked at what you read, because he’s devoted a larger allocation to gold and silver than we have. See why he’s convinced a bubble is ahead for precious metals, how high prices will go, and why he stores some gold overseas.
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Thursday, October 06, 2011
Demand for Wealth Preservation Ensures Gold's Retreat is Temporary / Commodities / Gold and Silver 2011
Gold will continue rising in value over the coming years for one reason: The primary buyers are purchasing physical gold for wealth preservation, and there simply isn't enough physical gold to satisfy their appetites. The recent pullback was by no means the bursting of the gold bubble. Bubbles are characterized by months of extended exuberance and consistently higher highs -- not the two- and three- hundred-dollar corrections we've seen twice in the past few weeks. Such pullbacks are healthy as they indicate gold has much, much farther to go.
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Wednesday, October 05, 2011
Gold Tests $1600 Support as Eurozone Fears Banking Crisis / Commodities / Gold and Silver 2011
SPOT MARKET gold prices fell below $1600 per ounce for the second time in less than 24 hours Tuesday morning in London – testing a level first breached on the way up back in July – before rebounding, while stocks and commodities rallied and government bond prices dipped following news that EU ministers are contemplating a European bank recapitalization.
Outflows from the world's largest gold ETF the SPDR Gold Trust (ticker GLD) saw the gross tonnage of gold held to back its shares fall to its lowest level since July 14 yesterday.
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Wednesday, October 05, 2011
Goldman and BOA Maintain 12 Month Gold Forecasts of $1,860 & $2,000 / Commodities / Gold and Silver 2011
Gold is 1.3% lower in US dollars and has fallen in all currencies today and is trading at USD 1,606.90, EUR 1,207/oz, GBP 1,039.50, JPY 122,637.90, AUD 1,672.28 and CHF 1,474.38 per ounce.
Gold’s London AM fix this morning was USD 1,600, EUR 1,202.56, and GBP 1,035.40 per ounce. Yesterday’s AM fix was USD 1,672, EUR 1,267.05, and GBP 1,086.35 per ounce.
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Wednesday, October 05, 2011
The Gold Price Conspiracy Uncle Sam Doesn't Want You to Know About / Commodities / Gold and Silver 2011
Peter Krauth writes: Is it really so preposterous to believe the United States and Europe would conspire to keep pole position in the global financial system?
I don't think so - and neither does China.
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Wednesday, October 05, 2011
Silver Beaten Down by Strong U.S. Dollar / Commodities / Gold and Silver 2011
Yesterday, I had several readers ask if it was possible that my theories on silver going to $50.00 to $60.00 by year’s end were wrong. I told them yes, It might go to $100.00 by mid March. I have often stated that I believe that silver is incredibly undervalued. While this sounds like an outrageous claim, silver is actually rarer than gold.
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Tuesday, October 04, 2011
Is Gold Bound to Rebound? / Commodities / Gold and Silver 2011
Recently, investors have suffered an average market decline of 6.5% in the equity portion of their investments, the largest fall since the dark days of October 2008, with $1 trillion of paper wealth evaporating in the process. Speaking of October 2008, it was then that gold prices tumbled 18% as turmoil in global financial markets led to losses in global equity and commodity markets. The precious metal rallied 23% in the next two months.
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Tuesday, October 04, 2011
Gold Down, Stocks Continue Falling as Greek Fears Destroy Bank Credibility / Commodities / Gold and Silver 2011
THE U.S. DOLLAR gold price dropped to $1643 an ounce Tuesday lunchtime in London – still a 1.1% gain on the week so far – while stocks and commodities were battered again as Greek debt fears weighed on markets.
Copper fell 1.9%%, while WTI crude oil lost over 2%, dropping to $76 a barrel.
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Tuesday, October 04, 2011
Indian Silver Demand Leads to ‘Supply Issues’ / Commodities / Gold and Silver 2011
Gold is 0.4% higher in US dollars and is trading at USD 1,665.10, EUR 1,263.00 , GBP 1,082.80, JPY 127,651, AUD 1,764.90 and CHF 1,534.90 per ounce. Gold’s London AM fix this morning was USD 1,672.00, EUR 1,267.05, and GBP 1,086.35 per ounce. Yesterday’s AM fix was USD 1,660.00, EUR 1,242.51, and GBP 1,068.07 per ounce.
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Tuesday, October 04, 2011
Race to Debase - 2011 Q3 - Fiat Currencies vs Gold & Silver / Commodities / Gold and Silver 2011
Welcome back to the Worldwide Fiat Currency Race to Debase!
Rounding out the third quarter of 2011 heading to the finish line for the year, we are again tracking the performance of gold and silver bullion versus 75 different dying fiat currencies around the world.
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Tuesday, October 04, 2011
Lottery Odds Events Keeping Gold and Silver Prices Contained / Commodities / Gold and Silver 2011
From Bill Murphy’s Lemetropolecafe.com “Midas commentary” on Friday, Sept. 30, 2011:
HSBC has published an interesting study of the recent precious metal volatility:
Tuesday, October 04, 2011
Gold and Silver Speculators Have Left the Building / Commodities / Gold and Silver 2011
We use a combination of sentiment analysis and technical analysis in market timing which often gets a bad name courtesy of mainstream retail nonsense. The dumb money tries to time the market while the smart money utilizes market timing to weigh risk and reward. It's rather simple when you acquire the skills and helps you understand markets. Recently we had been quite bullish on precious metals but thought we were in a small corrective period. We were wrong as the sector has suffered from Europe's version of 2008. The good news is, our market timing work leads us to believe that the worst is soon to be over and this is an opportunity on the long side for those who have a twelve month time horizon.
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