Category: Gold and Silver 2011
The analysis published under this category are as follows.Wednesday, July 20, 2011
Gold Breakout or No Breakout, Short-term Correction Appears Likely / Commodities / Gold and Silver 2011
In general, gold market overview appears mixed according to PM Investors and it is obvious. Some say gold has miles to travel, other suggest gold may take a pause before next journey and some others say it’s time for gold to fall. Debates continue in blogosphere. Recently, one of our Subscribers has sent us a link to an online article about gold being ready to drop to $1,320. This article claims there will be a decline in the price of precious metals in the second half of 2011 and that the proliferation of gold ETFs will make the drop especially violent.
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Wednesday, July 20, 2011
Selling Gold? Go Ahead / Commodities / Gold and Silver 2011
Gold priced too high? Don't mistake selling it for taking a profit...
YES, by all means sell gold today. Just don't be a schmuck and 'take a profit'.
That's supposed to be when you exit something volatile and revert to a stable store of value. But you'd hardly be doing that if you traded your gold for US Dollars, Euros, Yen or Pounds today.
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Wednesday, July 20, 2011
Gold Reacts With "Big Yawn" to ECB Announcement / Commodities / Gold and Silver 2011
Earlier today the ECB Caved in on "Temporary" Defaults and Collateral.
It is important to note that the ECB did not "allow" a default, rather the bond market forced the ECB to accept default. The stock market reacted as if the announcement meant something, but gold gave a big yawn.
Tuesday, July 19, 2011
Gold, Silver and Pension Funds Portfolio Diversification Myths / Commodities / Gold and Silver 2011
Pension funds across North America are facing record shortfalls. Research shows that 33% of Canadian pension funds are struggling to meet liabilities(Figure 1); the Ontario Teachers' Pension Plan funding shortfall, for example, ballooned to $17.1 billion in 2009, despite strong investment returns.
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Tuesday, July 19, 2011
ECB Caves in on Temporary Debt Defaults, Which Country Will be Next? / Commodities / Gold and Silver 2011
As Greek 2-year debt yields hit 39.15% the bond market finally forced the ECB's hand, and Trichet comes out looking foolish, not only on his "we say no to default" stance, even temporary defaults, but also on his ridiculous bluff repeated for the nth time just 2 days ago regarding the acceptance of Greek bonds as collateral.
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Tuesday, July 19, 2011
Is Gold Taking the Stairway To Heavenly Prices? / Commodities / Gold and Silver 2011
It was a historic day for the financial markets on Monday. As the Dow (NYSE:DIA), S&P 500 (NYSE:SPY), and Nasdaq (NASDAQ:QQQ) headed lower, one sector continued its rally. Precious metals (NYSE:DBP) such as gold (NYSE:GLD) and silver (NYSE:SLV) surged higher on Monday.
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Tuesday, July 19, 2011
Gold Pulls Back, Rumors of Greek "Non Default" But Eurozone Still "Near Death" / Commodities / Gold and Silver 2011
SPOT MARKET gold bullion prices dropped back to $1600 per ounce Tuesday morning in London – a 0.6% drop from yesterday's all-time high – while stock and commodity markets recovered some of the past week's losses as Europe looked ahead to this week's emergency EU summit.
US Treasury bonds dipped ahead of Tuesday's Congressional vote on making balanced federal budgets part of the Constitution.
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Tuesday, July 19, 2011
Gold Price to Correct after Front Page Financial Times Article? / Commodities / Gold and Silver 2011
Gold is trading at $1,604.10/oz, €1,132.20/oz and £995.66/oz.
Gold has fallen in most currencies today and is trading at USD 1,603, EUR 1,130, GBP 995 and CHF 1,315 per ounce. Gold is 0.3% higher in Swiss francs again today after the last two weeks of deepening turmoil saw gold rise in the Swiss franc.
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Tuesday, July 19, 2011
When Will the Gold Bull Market Turn Into a Mania? / Commodities / Gold and Silver 2011
As our readers may know, we’re suckers for the theory that markets move in generational cycles. The basic idea is that the knee-jerk reaction is often the strongest one and that investors have a tendency to ‘stick to what they know’. The length of the prime of one generation’s career seems to be a suitable period of time for such ‘things that people know’ to become firmly lodged. Ironically, such lodging is a dire circumstance in a business that amounts to pseudo-futurology.
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Tuesday, July 19, 2011
Gold Price Nearing Resistance / Commodities / Gold and Silver 2011
As bullish as I am, and have been on Gold since 2003, I am still rather impressed with the latest run-up to fresh highs. To be frank, I was expecting more downside beyond the recent pivot low at 1478, and was a bit surprised at how quickly the shiny metal took out its early May high.
Embracing the most bullish of Elliott Wave subdivisions from the primary 4-wave base at 681 in October of 2008, I am reading the current advance as an intermediate (3) wave along Gold’s long journey to toward completing its primary fifth. Once done, the current thrust to fresh highs may mark all-of (3).
Tuesday, July 19, 2011
Fall in U.S. Real Interest Rates to Send Gold Over $1800 / Commodities / Gold and Silver 2011
One of main determinants of gold prices in the medium to long term is US real interest rates. US real rates are the rate of interest that can be earned on US Government bonds, minus the expected rate of inflation. One can monitor US real rates by watching the yields on Treasury Inflation Protected Securities (TIPS) and we watch them closely since they exhibit a negative relationship with gold.
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Tuesday, July 19, 2011
The Case for Gold Price Manipulation / Commodities / Gold and Silver 2011
As a geologist by training, it's no surprise that S&A Resource Report Editor Matt Badiali takes a data-driven approach to investing. In this exclusive Gold Report interview, he shares calculations for trailing stops and strategies to take profits with prospect generators and points to the signs of gold price manipulation.
The Gold Report: Matt, in the June edition of S&A Resource Report, you wrote that resource stocks could see some pullback once quantitative easing (QE) was no longer injecting money into the system. QE2 ended last week. Is your thesis proving correct and what are your strategies to mitigate post-QE2 portfolio risk? Read full article... Read full article...
Monday, July 18, 2011
Gold and Silver Ready for Big-Time Run as Global Breakdown Begins / Commodities / Gold and Silver 2011
An important shift in global markets is taking place and it bears introspection. Gold has broken to a new high while Silver has established a bottom. Precious metals stocks have rebounded significantly from support. At the same time, important global stock markets are in the early stage of a technical breakdown. We don’t foresee a repeat of 2007-2008, yet odds are good that global stock markets are beginning a cyclical bear market and unlike the last cycle this is coming at a time when precious metals are set to accelerate to the upside.
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Monday, July 18, 2011
Gold's Historic Rally Fuelled by Negative Interest Rates and Euro Disintegration / Commodities / Gold and Silver 2011
The Federal Reserve has just ended its $600-billion Treasury bond-buying program, known as QE-2, and already, traders are trying to figure what new tricks the Fed might have up its sleeve, in order counter a significant correction in the US-stock market in the second half of 2011. Including QE-1 and QE-2, the Fed pumped $2.35-trillion into the coffers of the Wall Street Oligarchs. Together with near-zero interest rates, and the printing of trillions of dollars the Fed fueled a speculative stampede into the commodity and stock markets, enabling traders to record bumper profits, while doing little to reduce the jobless rate.
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Monday, July 18, 2011
Gold Leaps above $1600, US and Eurozone Appear No Closer to Solving Debt Problems / Commodities / Gold and Silver 2011
THE SPOT MARKET gold price surged to $1602 per ounce Monday morning in London – a new intraday record – while stocks and commodities fell as politicians on both sides of the Atlantic appeared no closer to resolving their respective debt problems.
Silver prices also jumped, up to $40.38 per ounce – 2.8% higher from Friday's close.
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Monday, July 18, 2011
Gold Breaks Over $1600, Silver Over $40.30 on Risk of Systemic and Fiat Currency Crisis / Commodities / Gold and Silver 2011
Gold is trading at $1,600.84/oz, €1,141.34/oz and £996.35/oz.
Gold rose to new record nominal highs in debt laden U.S. dollars, euros and pounds today due to the growing risk of a systemic financial collapse and fiat currency crisis.
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Monday, July 18, 2011
Gold is Not Money / Commodities / Gold and Silver 2011
So there you have it, after 6000 years of being money, gold is not money according the Federal Reserve Chairman, Ben Bernanke. Ron Paul asked him directly and the answer was ‘no’ as you can see on this five minute clip. This is a strange comment coming at a time when gold prices are making all time highs as we can see on chart below, where gold is sitting at $1590.10/oz.
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Monday, July 18, 2011
Exploding Government Debt to Send Gold to $3000, Silver to $300 / Commodities / Gold and Silver 2011
For those of you that have not read my writing I will save you the suspense and tell you here and now that I have been I gold and silver bug since I was 8 years old. I'm now 58. As far as I know I was the only kid I know that wanted either a St. Gauden's Gold Double Eagle or an 1885 Carson City PCGS MS 67 Morgan Dollar for my birthday. Back then it was a hobby. Now it is very serious business.
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Sunday, July 17, 2011
Gold Rally Negates Bearish Head and Shoulders Price Pattern / Commodities / Gold and Silver 2011
Gold shot up during the week nullifying the previous (weird) head and shoulder pattern and moved into new highs. All speculative time periods are showing positive trends. What else is there to say, but I guess I’ll have to find something.
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Sunday, July 17, 2011
How Gold Performs During Deflation / Commodities / Gold and Silver 2011
Despite the undue attention that has been paid to the chimera of inflation this year, it should be clear by now that deflation is the far greater structural problem. One clue that deflation, not inflation, is the main issue can be seen in the biggest form of savings and investment among the U.S. middle class, namely real estate.Read full article... Read full article...