Category: Gold and Silver 2011
The analysis published under this category are as follows.Monday, December 12, 2011
Gold Model Forecasts $4380 Gold Price / Commodities / Gold and Silver 2011
You’ve probably heard it many times: “Gold is a good hedge against inflation”.
But IS it? That’s the question we will try to answer in this article.
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Sunday, December 11, 2011
Gold Continues to Show Lack of Enthusiasm From Speculators / Commodities / Gold and Silver 2011
Volume low, Gold price going nowhere except slightly lower, not bullish for the road forward but things could change overnight.
GOLD : LONG TERM
The long term chart shown here a couple of weeks ago remains in force. The action remains within that up trending channel and that very long term momentum indicator remains below its support trend line but still in its positive zone.
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Saturday, December 10, 2011
Gold and Silver Bull Market Pullbacks in Perspective / Commodities / Gold and Silver 2011
Jeff Clark, Casey Research writes: If you're bullish about the long term for gold and silver, it's mouthwatering to watch them undergo a major correction after taking earlier profits that added to your deployable cash. For a little historical perspective on pullbacks, consider the following charts.
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Friday, December 09, 2011
Gold Nears Weekend 2% Down as UK Quits New European "Fiscal Compact" / Commodities / Gold and Silver 2011
WHOLESALE MARKET gold prices fell back to this week's low of $1705 per ounce Friday lunchtime in London, as Asian equities closed sharply lower but Eurozone and US equities rallied following news of the "fiscal discipline" being agreed by political leaders meeting in Brussels.
All 17 heads of state in the currency union have agreed to being bound by European Commission approval of their national budgets, with "automatic sanctions" hitting any member whose annual budget deficit exceeds 3% of GDP.
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Friday, December 09, 2011
Euro Fudge Distracts From Global Debt Titanic; Intervention in Gold Market? / Commodities / Gold and Silver 2011
Gold is trading at USD 1,719.00, EUR 1,283.70, GBP 1,095.30, CHF 1,582.40, JPY 135,510 and AUD 1,689.0 per ounce.
Gold’s London AM fix this morning was USD 1,712.00, GBP 1,094.49, and EUR 1,281.34 per ounce.
Yesterday's AM fix was USD 1,739.00, GBP 1,105.81, and EUR 1,297.28 per ounce.
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Friday, December 09, 2011
Gold - The Simple Secular Thesis / Commodities / Gold and Silver 2011
It's more subtle and sophisticated than "buy Gold and get rich." But in the end, not much. Traders and speculators are always looking for the edge - much like the hares racing the tortoise. But the tortoise method of investing for this secular cycle is important and should comprise a significant portion of one's portfolio regardless of your preferred time horizon when investing and/or speculating/trading. After all, when MF Global can happen in one of the so-called safe haven countries (i.e. the USA), then isn't a component of safety without counter party risk important? Holding paper fiat currency and stuffing it under the mattress requires infinite faith that the apparatchiks and central bankstaz pulling the strings will not fall into the trap of human nature that has plagued every currency, including those backed by Gold, since currencies were first invented. I am speaking of debasement and debauchery.
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Friday, December 09, 2011
Emerging Bullish Scenario for Gold / Commodities / Gold and Silver 2011
It is no coincidence that the next and probably the most highly anticipated Euro-zone Summit is scheduled right in the timeframe for a low in the 5.5 month (122 day) cycle in spot gold prices.
Within a cycle of such length, the bottoming window is 7 days in an imperfect cyclical world, which means that gold already may have bottomed.
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Thursday, December 08, 2011
Buying Silver Is Like Buying Gold At $554 Today / Commodities / Gold and Silver 2011
I think that buying silver today is like buying gold for $554 an ounce. Let me explain: As I am writing, silver is currently trading at about 65.2% (32.6/50) of its 1980 high. If gold was trading at 65.2% of its 1980 high, it would be trading at $554 (0.652*850).Now, I really like gold, even at today’s price of $1 738, but why should I pay $1 738, if I can get it for $554 by buying silver and then exchanging it for gold when the gold/silver ratio is at an extreme (in favour of silver). The reason for this logic comes from the fundamental relationship between gold and silver as explained in my previous article.
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Thursday, December 08, 2011
Gold Bullion Rises in "Very Thin" Trade as ECB Cuts Interest Rates / Commodities / Gold and Silver 2011
THE WHOLESALE gold and silver price both continued to rise in London on Thursday morning, recovering the week's earlier losses despite what dealers called "lethargic", "thin" and "quiet" trade ahead of tomorrow's political summit aimed at rewriting European Union treaties to boost confidence in the Eurozone.
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Thursday, December 08, 2011
Start Thinking in Terms of Gold Price / Commodities / Gold and Silver 2011
Jeff Clark, Casey Research writes: A young woman - let's call her Andrea - inherited some money from her father in late 1997. She was only nineteen at the time. Not knowing the first thing about investing, she kept the money in stocks and bonds as her father had, wanting to hold on to it until she really needed it. She played it "safe."
She got married last year and so began to withdraw the money. She was pleased to see a chart from the broker that showed her portfolio was up about 20%. While admittedly not a great return over 12 years, her account had nevertheless survived both the 2000 tech crash and the 2008 market meltdown. She knew not all investors could not say the same thing.
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Thursday, December 08, 2011
The Catfish, Your Savings and Japan's Gold Coin Giveaway / Commodities / Gold and Silver 2011
Don't be greedy, or a giant catfish might force you to spew out your savings...
UNLIKE us – who are so smart today – ancient folk in ancient times used to believe the oddest things about how the world worked.
The Japanese, for instance, long thought that earthquakes were caused by a giant catfish, shuffling and shifting whenever the great god of Kashima forgot to keep his foot on a heavy stone which held the beast down, deep beneath the coast of Honshu. Honoring the Kashima shrine, some 80 miles north-east of what was then Edo (modern-day Tokyo) was therefore a good idea. Because tectonic upheaval, causing death and destruction, was a sign that the god was neglecting his duty.
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Thursday, December 08, 2011
Gold and Silver Warrants: an Insider’s Insights / Commodities / Gold and Silver 2011
With a tsunami of interest in the future prospects of gold and silver mining companies (and their stock prices as a result) I am publishing an updated version of my one-of-a-kind proprietary index of commodity-related companies with long-term warrants (CCWI) and its sub-category of just gold and silver companies with long-term warrants (GSWI). This article gives you some insights into the ‘secret world’ of warrants and slices and dices the make-up of both indices identifying the constituents of each for your edification.
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Thursday, December 08, 2011
Will Gold Help Japan Sell Debt? / Commodities / Gold and Silver 2011
Earlier this week, Standard & Poor’s placed Germany, France and 13 other eurozone nations on negative credit watch, saying “continuing disagreements among European policy makers on how to tackle” the region’s debt crisis risk is damaging their financial stability. Furthermore, S&P warned that the European Financial Stability Facility may lose its top credit rating. “We could lower the long-term credit rating on EFSF by one or two notches if we were to lower the AAA sovereign ratings, which are currently on credit watch, on one or more of EFSF’s guarantor members,” S&P explained. Now, more steps are being considered by the European Central Bank in order to stimulate lending.
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Wednesday, December 07, 2011
What is Gold's Primary Trend? / Commodities / Gold and Silver 2011
The market maven Richard Russell often speaks about 'the primary trend' in certain assets and markets.
I speak of it as the fundamentals, and also the primary trend.
Someone asked, "What is the primary trend in gold?"
Wednesday, December 07, 2011
Gold Rallies, Stocks Fall, ECB Borrowing "Positive for European Liquidity" / Commodities / Gold and Silver 2011
SPOT MARKET gold prices jumped to $1737 an ounce Wednesday aftetnoon in London, as rumors continued to build of more aggressive monetary stimulus ahead of tomorrow's European Central Bank meeting.
German opposition to proposed changes to the Eurozone's rescue framework also threw doubt on whether this Friday's summit will deliver a significant deal.
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Wednesday, December 07, 2011
Gold Is Crucial Diversification - Hedge Against Monetary and Systemic Risk / Commodities / Gold and Silver 2011
Gold is trading at USD 1,724.70, EUR 1,289.70, GBP 1,099.30, CHF 1,105.5, JPY 134,050 and AUD 1,679.4 per ounce.
Gold’s London AM fix this morning was USD 1731.00, GBP 1108.20, and EUR 1,289.96 per ounce.
Yesterday's AM fix was USD 1,720, GBP 1,098.76, and EUR 1,284.54 per ounce.
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Tuesday, December 06, 2011
Gold FIX Driving the Price / Commodities / Gold and Silver 2011
In the last couple of weeks, we've noticed the variance of the gold Fixing price and the open market price. In the past, the two tended to dovetail giving the appearance of synchronicity. But in the last week, open market prices have tried to take the gold price down only to be pulled up by the price established at the London gold Fixing. There is a structural change happening in the market, bringing the relevance of the physical market to a far more important pricing role that it has had before. As with other markets, it is the small amounts of gold sought after in the open markets -to top-up unforeseen needs, as opposed to the amounts directly contracted with suppliers that dictates the gold price. With these alterations, that pattern is beginning to change. Why?
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Tuesday, December 06, 2011
Gold Falls following Euro-zone Credit Downgrades Warning / Commodities / Gold and Silver 2011
WHOLESALE MARKET gold bullion prices dropped to $1707 an ounce Tuesday lunchtime in London – 2.2% down from where they ended last week – while stock markets lost their recent momentum after a ratings agency announcement warned that 15 Eurozone governments could have their credit ratings cut.
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Tuesday, December 06, 2011
Gold For Bonds in Japan as Bond Buyers Get Gold Coins / Commodities / Gold and Silver 2011
Gold is trading at USD 1,718.90, EUR 1,282.70, GBP 1,099.30, CHF 1,587.50, JPY 133,650 and AUD 1,679.40 per ounce.
Gold’s London AM fix this morning was USD 1,720.00, GBP 1,098.76, and EUR 1,284.54 per ounce.
Yesterday's AM fix was USD 1,744, GBP 1,114.88, and EUR 1,296.08 per ounce.
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Monday, December 05, 2011
Bullish Pattern for Gold / Commodities / Gold and Silver 2011
Although Italian and Spanish bond yields have plunged today, in reaction to optimism about a forthcoming "real deal" to solve or contain the Euro-zone debt crisis, let's notice the neither the price of spot gold nor the Euro/USD appear impressed -- at least not if the solution implies a massive ECB liquidity injection.
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