Category: Gold and Silver 2011
The analysis published under this category are as follows.Tuesday, October 04, 2011
Did the Gold and Silver Plunges Shakeout the Weak? / Commodities / Gold and Silver 2011
September brought another interesting month to gold and silver investors. Despite the large pullback, gold still managed to log in its 11th consecutive quarterly gain. Meanwhile, silver briefly touched a low of $26, but has since climbed back above $30. Ultimately, this pullback in gold and silver will be positive for precious metals, as weaker leveraged investors are shaken out.
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Monday, October 03, 2011
Is the Gold And Silver Correction Over? / Commodities / Gold and Silver 2011
Stock markets are tumbling from Japan to Wall Street. Already shaky Spanish and Italian financial instruments are quaking in their fancy boots as Greece does not make the cuts needed to be able to receive financial assistance. Vladimir Putin, a prototypical example of a classic Russian Bear says that the American Bull has blunted horns and suffers from impotence. He states, "Americans are living beyond their means and shifting the weight of their problems to the world economy...They are living like parasites off the global economy and their monopoly of the dollar." China joined Putin by calling the brouhaha in the West as "madcap brinksmanship."
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Monday, October 03, 2011
A Rock, A Hard Place & Gold / Commodities / Gold and Silver 2011
Policy-makers have little choice left but make gold only more attractive as they deal with today's mountain of debt...
EVERY INVESTOR has been hit with exceptional volatility in recent weeks, gold bullion owners included.
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Monday, October 03, 2011
Surprising Gold Rally despite Vulnerability on Futures Market / Commodities / Gold and Silver 2011
U.S. DOLLAR gold bullion prices began the week strongly, climbing to $1663 per ounce Monday morning London time – a 2.4% gain on Friday's close – while stocks and commodities fell and government bonds rose following news that Greece's second bailout agreed less than three months ago is unlikely to be enough.
Silver bullion prices also rose, climbing to $31.43 per ounce – 4.9% above where they ended last week.
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Monday, October 03, 2011
Gold Up as Equity Markets Fall on Greek Debt Debacle / Commodities / Gold and Silver 2011
Gold is trading at USD 1,657.22, EUR 1,240.43, GBP 1,066.97, JPY 124,422 AUD 1,718.40 and CHF 1,505.54 per ounce.
Gold’s London AM fix this morning was USD 1,660.00, EUR 1,242.52,and GBP 1,068.07 per ounce.
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Monday, October 03, 2011
Silver Price Crash Into Accumulation Zone / Commodities / Gold and Silver 2011
Following our highly successful foray into the future to see what would happen to the silver price, many readers have been urging me to clamber back into my time machine and go Back to the Future to see what is going is to happen in the next few weeks. However, on this occasion I have decided not to. It was not concern about disrupting the space-time continuum, or even a sudden attack of moral rectitude concerning looking at charts 3 weeks before other people get a chance to see them, but the simple fact that it isn't necessary. You see, we have all the evidence that we require in the here and now that silver has probably bottomed, or is very close to doing so, and that it is set to enter another advancing phase shortly. Let's now look at this evidence.
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Monday, October 03, 2011
Gold About to Enter Accumulation Zone / Commodities / Gold and Silver 2011
In classic fashion gold's brutal plunge ended in a zone of strong support just above its 200-day moving average. Normally, a drop of this severity would lead to more downside action, but there is now strong evidence that gold hit bottom last Monday, and that it is now basing prior to turning higher again.
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Monday, October 03, 2011
Gold and Silver Which Direction Next? / Commodities / Gold and Silver 2011
The bulls are saying gold is ready to turn and go into new highs, the bears are saying watch out below, I’m saying who knows? The best I can say is where we are and the direction gold (and silver) is headed. But for how long and how far, that’s guess work or “predictions”.
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Sunday, October 02, 2011
Gold, Exciting Times / Commodities / Gold and Silver 2011
The big picture is shaping up quite nicely now that we have ended another quarter. A nasty cyclical global equity bear market has begun, the third of the ongoing secular bear market for "advanced" Western economies that began in 2000. As an advanced economy, Japan is the odd man out, as they have been mired in a secular equity bear market for almost 22 years now. There are some interesting "big picture" nuances to this cyclical bear as they relate to precious metals that should provide phenomenal profit opportunities for those with cash on hand.
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Saturday, October 01, 2011
Europe's Debt Crisis and Its Effect on Gold / Commodities / Gold and Silver 2011
If you want to know the future, pay attention to the decisions European policymakers will have to make regarding debt, says Scott Gardner, chief investment officer at Verdmont Capital. In an exclusive interview with The Gold Report, he shares his analysis of debt policy investment implications, plus which gold mines Verdmont likes in Latin America and beyond.
The Gold Report: In one of your June research reports you wrote, "In the Eurozone, there has been limited political will to really make an impact on the debt side of the equation. With gross domestic product (GDP) growth set to slow, things should really get interesting for euro policymakers as they attempt to make their shaky union work." In the Eurozone, there is more than adequate money to take care of the debt situation, but the question remains, is there enough political will to keep all the member countries inside the Eurozone? What sort of impact will pending Eurozone issues have on the gold price?
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Saturday, October 01, 2011
Will A China Economic Slowdown Affect Gold? / Commodities / Gold and Silver 2011
After finishing the second quarter at $1,505, gold is on pace to finish the third quarter with its 11th consecutive quarterly gain. Although gold has been in a bull market for the past decade, recent concerns from a China slowdown are weighing on many markets. In September, gold prices and Asian stock markets had their worst monthly performance since October 2008.
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Saturday, October 01, 2011
Is Gold and Silver Rally Likely at the Moment? / Commodities / Gold and Silver 2011
Although we had described the fall in precious metals prices, we can understand the shock for those who had gotten used to the idea that gold prices only go in one direction—up. A good metaphor here would be gold taking the stairs to go up, but the elevator to do down. Last Friday it was more like gold falling headlong down the elevator shaft with the worse one day drop in five years. It definitely got ugly, but that’s normal. It’s part of the game, part of the ride. Investors fled to the U.S. (fiat) dollar and to U.S. Treasuries (that just got downgraded last month by Standard & Poor’s.) Go figure! They have to settle their debt in dollars. The sharp decline was difficult to digest especially since we had come off a period in August where it seemed that gold could do no wrong. It shot up when markets plummeted, and shot up when markets soared.Read full article... Read full article...
Saturday, October 01, 2011
Gold In "Not Safe Haven" Shocker / Commodities / Gold and Silver 2011
If your house catches fire, do you call your insurer before trying to escape the flames...?
SO GOLD is not a "safe haven" – that's the genius insight many pundits are pushing today.
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Friday, September 30, 2011
Don't Panic on Precious Metals Tumble / Commodities / Gold and Silver 2011
Fall officially began on September 21, but it's not just leaves that are cascading downward. In the few market days of the new season, precious metals prices have seen significant drops, some 11% for gold and 31% for silver. In its lurch downward, gold plowed through support levels at $1,750, $1,700, and $1,645 an ounce. I'm sure many readers are concerned.
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Friday, September 30, 2011
Gold Ends September 16% Below Peak / Commodities / Gold and Silver 2011
WHOLESALE gold prices drifted lower in London after rising in Asia on Friday morning, set for their biggest monthly drop against the Dollar since the Lehmans' crash of Oct. 2008 but finishing the third-quarter of 2011 more than 13% higher.
US equities and crude oil prices have lost 12.5% since end-June. Copper has fallen over 25% and the silver price has lost 13.1%.
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Friday, September 30, 2011
Gold Steadies, Inflation Rises in Eurozone, Stagflation Beckons / Commodities / Gold and Silver 2011
Gold is trading at USD 1,619.95, EUR 1,207.17, GBP 1,045.29, JPY 125,291, AUD 1,679.09 and CHF 1,469.15 per ounce.
Gold’s London AM fix this morning was USD 1,629.00, EUR 1,204.26,and GBP 1,042.63 per ounce.
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Friday, September 30, 2011
Hedge Fund Action Doesn’t Change Gold and Silver Fundamentals / Commodities / Gold and Silver 2011
Last week, hedge funds sold off their bullion holdings in what was a monumental run to the exits. As the price of silver and gold trended higher against declines in other commodities, equities, and so-called risk assets, the price for bullion gave institutional investors the comfort they needed to boost cash.
But how much has changed since hedge funds eased up on margin plays in commodities?
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Friday, September 30, 2011
Physical Silver Shortage to Follow Paper Selloff / Commodities / Gold and Silver 2011
In less than one week, the price of silver gave up some 9 months of gains in a move from $40 per ounce to $28. The current price for silver, which is the lowest price in 9 months, is sure to create shortages for physical silver.
The physical silver market is very much its own market, one which is dominated by small silver investors and coin collectors. Compared to Wall Street, where margins change in a matter of minutes, and global issues permeate throughout trading floors, the local coin dealer hasn’t changed in decades, let alone the past few weeks.
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Thursday, September 29, 2011
Greek Default, Eurozone/Bank Crisis and the Effect on Gold, Silver Prices / Commodities / Gold and Silver 2011
We agree with Professor Rogoff that Greece should have defaulted some time ago. Despite all the current efforts, Greece will default and that contagion will result in a global, banking crisis. Even if we're wrong, the mountains of money that will be created and poured into the debt hole will benefit the gold and silver prices. The Greek debt crisis is about stemming the spread of bank runs, the breakdown of the other PIIGS countries debt situation, and potentially the fragmentation of the Eurozone. We're on the brink.
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Thursday, September 29, 2011
U.S. Dollar to Rocket Higher and Gold and Silver Lower / Commodities / Gold and Silver 2011
Over the past week precious metal investors have had a wakeup call from their big shiny nest eggs. Last week’s free fall in both gold and silver spot prices was enough to get investors into a panic. More on this in a minute though...
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