Category: Gold and Silver 2011
The analysis published under this category are as follows.Monday, May 23, 2011
Asian Tiger Sinks Teeth Into Gold / Commodities / Gold and Silver 2011
The World Gold Council (WGC) released its quarterly “Gold Demand Trends” report last week and, as always, it was filled with fascinating data on the strength of the global gold market. Gold demand grew 11 percent to 981.3 tons during the first quarter of 2011, worth $43.7 billion at quarter-end’s price levels.
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Monday, May 23, 2011
Gold Bull Swings and Round Abouts / Commodities / Gold and Silver 2011
It has not been a comfortable May for a Gold Bull however we have stood our ground in a most constructive manner here at GoldOz. It is all about how much you understand and how you handle the swings and roundabouts. Your actions alone can either lower your wealth or increase it by providing added leverage when the market turns back in your favour. What I am saying is that these pull backs can be used to increase your grip on this market sector or you can squander the opportunity by doing nothing, or even worse you can sell on the dip and exit at the wrong time.
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Monday, May 23, 2011
Gold in Euros Sets New All-time Record As Greek Sovereign Debt Crisis Spreads / Commodities / Gold and Silver 2011
THE DOLLAR price to buy gold was trading in a tight range around $1510 per ounce on Monday morning London time – a 1% gain since the beginning of last week – as stocks and commodities fell after ratings agencies issued new warnings on Eurozone government debt.
Ruling parties in Spain and Germany, meanwhile, suffered local election defeats.
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Monday, May 23, 2011
Eurozone Debt Crisis Deepens Sending Euro Lower and Gold to New Record at EUR 1,080/oz / Commodities / Gold and Silver 2011
The euro, global equities and bonds in peripheral Eurozone countries are all lower this morning on heightened concerns about the debt crisis in the Eurozone. The euro has fallen against all currencies and is now at a record low against gold at EUR 1,080.21/oz. Silver is lower against most currencies but is higher against the Australian dollar and the euro ( EUR 24.80/oz).
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Monday, May 23, 2011
Gold Secular Bull Market Mania Phase 2011-2013 / Commodities / Gold and Silver 2011
I propose that the third and final phase of gold's secular bull since 2000 has begun in early 2011 and will end in 2013. I suggest that this third phase, a popular and parabolic mania, was announced by both silver's mega move January to April 2011 and the US Dollar's break beneath long term rising support, and will proceed to conclusion in a similar way to the last secular gold bull of the 1970s.
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Monday, May 23, 2011
Gold Always Ahead of Competition in All Times / Commodities / Gold and Silver 2011
Gold at all times has been the most reliable way to maintain savings. Currently, due to currency exchange rate fluctuations and unstable political system, gold continues to enjoy significant demand. In mid-April of 2011 the price of a troy ounce (31.3 grams) of the best-known precious metal exceeded $1,500.
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Sunday, May 22, 2011
Gold Going Parabolic This Summer / Commodities / Gold and Silver 2011
Why could gold go parabolic?
Prices for the yellow metal have recently suffered, along with silver from sudden investor retreat using rationales like inflation is beaten, the global economy is recovering and the US dollar is getting stronger. Against the overvalued euro, maybe, but against gold the US dollar, euro, yen and almost all other paper moneys only have one way to go: down.
Saturday, May 21, 2011
Flight to Gold and Silver Safety on Fears of Greece Debt Default / Commodities / Gold and Silver 2011
"We now know that there has been a dramatic reversal in world central bank thinking, and instead of selling gold as they have been doing, world central banks, on balance, are buying gold. We know that China, Russian and many Asian countries are urgently increasing their gold-to-reserves ratio.
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Saturday, May 21, 2011
Capitalize on Gold Stock Volatility / Commodities / Gold and Silver 2011
Junior mining is a people game. In this Gold Report exclusive, an excerpt from his speech at the Casey Research Conference, Global Resource Investments Founder Rick Rule advises going for the big wins by betting on the best teams with the best chances of discovery using a global counterintuitive approach.
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Friday, May 20, 2011
How to Buy Silver at 10% Off / Commodities / Gold and Silver 2011
Kevin Brekke, Casey Research writes: Inflation has certainly been all over the headlines lately. As the cost of basic materials and commodities has pretty much risen across the board, it was just a matter of time until this rise made its appearance on store shelves at a retailer near you. With prices at the pump squeezing motorists as well, the drive to the supermarket is as painful as watching your groceries being scanned at checkout.
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Friday, May 20, 2011
Gold GLD ETF on the Move / Commodities / Gold and Silver 2011
The SPDR Gold Shares (NYSE: GLD) is up 1.2% today, while the iShares Silver Trust (NYSE: SLV) circles unchanged. WTI Oil is down 0.9%, and the Dollar Index (DXY) is up 0.5%. Huh? Yes, something has goosed gold prices today despite an otherwise "unfriendly" surrounding market environment that is not particularly embracing risk ahead of the weekend.
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Friday, May 20, 2011
Gold Breakout or Breakdown, What’s Next? / Commodities / Gold and Silver 2011
The precious metals blogosphere was buzzing with the news that billionaire investor George Soros has sold most of his holdings in the bullion-backed SPDR Gold Trust (GLD) and iShares Gold Trust (IAU) in the first quarter of 2011. According to reports filed with the U.S. Securities and Exchange Commission, Soros bought shares of mining companies Goldcorp Inc. and Freeport-McMoRan Copper and Gold Inc. (FCX). All together Soros sold almost $800-million (U.S.) in gold.
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Friday, May 20, 2011
Has George Soros Signaled the End of Gold and Silver Bull Market? / Commodities / Gold and Silver 2011
George Soros, the billionaire founder of Soros Fund Management LLC, sold most of his holdings in the bullion-backed SPDR Gold Trust and iShares Gold Trust funds in the first quarter, while buying shares of mining companies Goldcorp Inc. and Freeport-McMoRan Copper & Gold Inc. Soros's fund held 49,400 shares of SPDR Gold Trust as of March 31, compared with 4.721 million at the end of the fourth quarter. The New York-based fund sold all 5 million shares it held in iShares Gold Trust. This amounted to roughly 30 tonnes worth of physical gold held through the custodians, Barclays and HSBC.
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Friday, May 20, 2011
Silver Market at Standstill and Gold Going Nowhere / Commodities / Gold and Silver 2011
U.S. DOLLAR gold prices rose above $1500 Friday morning, 0.6% above where they started the week, but barely changed since two weeks ago, while stock and commodity markets also rose.
Gold prices have now traded in a tight range within 2% of $1500 since May 6.
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Friday, May 20, 2011
China Becomes World’s Largest Gold Buyer / Commodities / Gold and Silver 2011
Gold and silver are higher again today with the debt laden dollar, euro and yen all being sold. News that China has become the world’s largest buyer of gold bullion and has seen investment demand double continues to reverberate in the markets and may have contributed to this morning’s strength.
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Friday, May 20, 2011
Gold Initial Reversal Signs / Commodities / Gold and Silver 2011
The upmove in Gold recently stalled after reaching interesting resistance on the longer term chart. An initial reversal indication calls for shorter term bulls to be cautious now.
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Thursday, May 19, 2011
Silver Parabolic Rally Due to Short Covering Not Speculative Buying / Commodities / Gold and Silver 2011
Most mainstream pundits and reporters have assumed that it was speculative buying that caused Silver to go parabolic. After all, its always the dumb money or the public that gets in at the very end. However, in futures markets, parabolic moves are often the result of short squeezes. This is exactly what happened in Silver.
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Thursday, May 19, 2011
HUI Gold Stocks Index Ready to Break Down / Commodities / Gold and Silver 2011
A French curve applied to the monthly logarithmic chart of the HUI has four points of contact. The curve at the top has been indicating resistance and the HUI now appears ready to break down.
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Thursday, May 19, 2011
Asian Gold Buying Jumps, Central Banks Spend $100Bn to Support Dollar / Commodities / Gold and Silver 2011
U.S. DOLLAR wholesale gold prices ticked lower Thursday morning in London – hitting a low of $1488 per ounce, unchanged for the week so far – as European stock markets rose and government bonds held steady with commodities.
Silver prices rose 2% to $35.70 per ounce, recovering the last of this week's losses.
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Thursday, May 19, 2011
Gold in Yen Consolidates Near 120,000 as Japanese Economy Contracts Sharply / Commodities / Gold and Silver 2011
Gold is lower while silver is higher this morning after yesterday’s 1% and nearly 5% gains respectively. The yen has fallen as markets digest the news that the world’s third largest economy has again fallen into recession after a very sharp contraction in GDP growth in the first quarter.
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