Category: Gold and Silver 2011
The analysis published under this category are as follows.Saturday, August 13, 2011
Gold and Asset Allocation / Commodities / Gold and Silver 2011
Henry Smyth writes: A few months ago, my friend and former colleague Mike Kastner of Halyard Asset Management send me an email with an article from Credit Suisse Portfolio Strategy Group entitled The Best and Worst Assets of the Decade.
Here is the link to the article.
Saturday, August 13, 2011
Will Gold Rollover Be Triggered by the Stock Market Rollercoaster? / Commodities / Gold and Silver 2011
This is one of those weeks where it is truly difficult to know where to begin. This is August. Nothing is supposed to happen in August. But this week gold shot up when markets plummeted, and gold shot up when markets soared. It was one of those weeks when gold could do no wrong.
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Friday, August 12, 2011
Not Just Speculators and Paranoid Conspiracy Theorists Who Are Buying Gold / Commodities / Gold and Silver 2011
Zoe Tustain writes: Squirreling away a gold reserve no longer seems nuts…
THERE ARE some who seem to think only western speculators buy gold – either that or paranoid conspiracy theorists preparing for Armageddon.
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Friday, August 12, 2011
Gold Up 5% on the Week / Commodities / Gold and Silver 2011
SPOT MARKET gold bullion prices fell nearly 1% in an hour Friday morning London time – hitting a low of $1746 an ounce – as stocks and commodities rallied after yesterday's decision by four European regulators to ban short selling.
Dollar gold bullion Prices however remained 5% up on the week as we head towards the weekend.
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Friday, August 12, 2011
Gold Surges in All Currencies in Tumultuous Week / Commodities / Gold and Silver 2011
Gold has fallen today in all major currencies except the Swiss franc which has fallen on continued speculation of pegging the Swiss franc to the euro. Gold is trading at USD 1,754.30, EUR 1,232.10, GBP 1,078.70, CHF 1,349.30 per ounce and 134,357.00 JPY/oz. Gold is 5.1% higher in dollars week to date and 6% higher in euros and 6.6% higher in pounds or to put it correctly these currencies have fallen in value against gold.
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Friday, August 12, 2011
Gold Price Jump, What Did It Really Say? / Commodities / Gold and Silver 2011
In the last weeks we have seen the gold price jump from the price we alerted our subscribers of $1,555, to reach just over $1,800. Contrary to the view of many analysts, we do not see this as a frothy overrun from which it will pull back. On the contrary, this rise in the gold price has said so much more than simply, trading peak.
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Friday, August 12, 2011
Think Gold Price is Not Manipulated? Think Again! / Commodities / Gold and Silver 2011
On Wednesday August 17th the CME came out with an announcement that they would be raising margin rates on the purchase of future contracts on gold. They reported that this was an effort on their part to cool off the price of gold which has enjoyed a parabolic run since August 1st. They said that there would be more rate hikes to protect gold from becoming a bubble. When I read this I laughed at the arrogance of the CME. There is only one reason that that they want to stop gold's parabolic run. They simply do not have enough gold to fulfill the future contracts that they have already sold. Let's not forget that one future contract is sold in lots of 5,000 ounces.
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Friday, August 12, 2011
Gold and Silver Price Relationship? / Commodities / Gold and Silver 2011
The following table sets out the closing Gold and Silver prices beginning last Wednesday - which I now refer to as 'Grey Thursday' - through to last night at 10:00 p.m. ET.
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Thursday, August 11, 2011
Gold Warning, Cyclical 34 Month Bull Run is About to End / Commodities / Gold and Silver 2011
Gold hit $1805 tonight in trading, a Fibonacci Fractal figure I gave out a few weeks ago as a possible top. We are close to a near term high in Gold and Investors should be trimming back positions on this run. Back as recently as $1600 an ounce I forecasted a run to $1805 for Gold using fractal and wave analysis and behavioral patterns, now that we hit that figure it’s time to update the cycle and where we are.
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Thursday, August 11, 2011
Margin Hike on Gold Futures, France Debt Similar to US / Commodities / Gold and Silver 2011
THE SPOT MARKET gold price spiked to over $1814 an ounce in Thursday's Asian trade – up 9% on the week – before falling after news that gold futures will be subject to a margin hike.
The gold price at Thursday morning's London Fix set records in all three currencies – Dollars, Pounds and Euros – at $1786, £1105.74 and €1254.39 per ounce respectively.
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Thursday, August 11, 2011
Germany’s Best-Selling Tabloid Bild's Front Page Encourages Readers To Buy Gold / Commodities / Gold and Silver 2011
Gold has fallen today in all major currencies except the Swiss franc which has fallen on SNB intervention rumours. Gold is trading at USD 1,791.40, EUR 1,257.10, GBP 1,107.70, CHF 1,318.80 per ounce and 136,976.00 JPY/oz. The yen has fallen by 8.7% against gold so far in August as the yen, while rising in dollar terms, is falling sharply in gold terms (see chart below).
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Thursday, August 11, 2011
Gold Breaks Above Key Technical Resistance Level / Commodities / Gold and Silver 2011
In 1923, the renowned investor Jesse Livermore wrote an article in the Wall Street Journal called “The Square of the Numbers.” I will save the mathematics of his economic model for another essay but he used it to predict stock movements very successfully. What is of note regarding this economic model is that gold broke through a key technical area today when it rose above $1,764.00. Until today it was rising arithmetically. It had a nice angle of appreciation but not parabolic. I would characterize the rise as two steps up for every one step back. It behaved as a healthy stock should. According to Jesse Livermore’s economic model it has now gone from an arithmetic rise into a period of time where exponential rises are not only possible, they are probable.
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Thursday, August 11, 2011
Swiss Capital Flows Indicate Metal Surge in Europe / Commodities / Gold and Silver 2011
Behavioral finance tells us that behind every mathematical proof of a financial concept is a human element. Human nature plays itself out each day, as we interact with our portfolios, investments, and the markets to find the “equilibrium price” as determined by all of our errant thoughts.
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Thursday, August 11, 2011
Financial Market Conditions Extremely Gold and Silver Friendly / Commodities / Gold and Silver 2011
"Buy the TSXV" was the advice Michael Ballanger, investment advisor for Union Securities Ltd., sent to his clients the morning after the Dow Jones Industrial Average lost 698 points, the worst loss since 2008. In this exclusive Market Conditions Update for The Gold Report, he explains why he sees the current climate as "extremely gold-and-silver friendly."
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Thursday, August 11, 2011
Why Gold is the Commodity Above All Others / Commodities / Gold and Silver 2011
On Tuesday, the Dow (NYSE:DIA), S&P 500 (NYSE:SPY), and the Nasdaq (NASDAQ:QQQQ) all managed to save a little face as Ben Bernanke reassured markets of more cheap money for at least another two years. Although equities and commodities (NYSE:RJI) have been witnessing a selloff over the past few days, gold (NYSE:GLD) has remained strong. Comex December gold futures reached a new high of $1782.50 on Tuesday.
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Thursday, August 11, 2011
Gold Faces Short-Term Price Trap / Commodities / Gold and Silver 2011
Last week Fed Chairman Bernanke raised eyebrows and denied history when he asserted in front of Congress that gold doesn't qualify as money. Yesterday he took the unprecedented step of announcing that the Federal Reserve would keep interest rates near zero for at least the next two years. In very short order thereafter it required much more of the money that he believes in (U.S. dollars) to buy the money that he doesn't believe in (gold).Read full article... Read full article...
Thursday, August 11, 2011
Gold and the Inflation, Deflation Storm / Commodities / Gold and Silver 2011
The events of the last ten days are surely for the history books. The story must be told through a prism of the epic battle between inflation and deflation. The Jackass hates the parlance, since each term is abused. Inflation is the expansion of the monetary supply, while deflation is the decline in that supply. The Powerz would prefer that the public misconstrue what inflation is, so that they can continue to exploit it for their private gain and control of entire banking systems. The US Federal Reserve would prefer that the public remain clueless on the inflation threat, by citing the deflation threat in a manner to justify their Weimar-like hyper inflation. They have expanded the US$ money supply through USTreasury debt monetization severely, to the tune of $2 trillion in two years. That is bigtime inflation!! The downstream consequence is a fast notable rise in the cost structure across the entire global economy, complete with loud outcry. The reaction has been to protect against the price inflation (higher costs) and bond deflation (lost value) by the widespread purchase of both Gold & Silver (bonafide safe haven).
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Thursday, August 11, 2011
Silver SLV ETF Heading Higher / Commodities / Gold and Silver 2011
Looking at the iShares Silver Trust ETF (SLV) from a big picture perspective, all of the action off the major April high at 48.35 has carved out a base-like "cup" formation from early May to late July, which has been followed by a correction that has taken the shape of a "handle."
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Wednesday, August 10, 2011
Gold Up as Fed Will Push QE3 if Necessary / Commodities / Gold and Silver 2011
THE DOLLAR gold price rallied to $1767 an ounce Wednesday morning in London – 0.6% off the previous day's all-time high – as stocks and commodities also rose following the US Federal Reserve's interest rate announcement on Tuesday.
Silver prices climbed to $38.67 an ounce – 0.9% up for the week so far.
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Wednesday, August 10, 2011
When Buying Gold Becomes a Life-or-Death Question / Commodities / Gold and Silver 2011
Jeff Clark, Editor BIG GOLD, Casey Research writes: I was recently asked in an interview if I thought gold was going to $5,000 an ounce. "No," I said bluntly. "I think it's going higher."
"You're that optimistic?"
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