Category: Gold and Silver 2011
The analysis published under this category are as follows.
Sunday, January 01, 2012
How Did Gold and Silver Perform in 2011? / Commodities / Gold and Silver 2011
By: Eric_McWhinnie
On Friday, gold (NYSEARCA:GLD) prices managed to climb $25.90 higher, breaking its six-day losing streak. Although gold has been in a slump during the final months of the year, gold continued its 11-year winning streak. Gold prices finished 2011 at $1,566.80, representing a 9.3 percent annual increase.
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Saturday, December 31, 2011
Powerful Rebound In Gold and Silver Prices About To Begin? / Commodities / Gold and Silver 2011
By: Jeb_Handwerger
Rarely has such technical destruction been visited on stalwart sectors such as gold, silver and the mining stocks(GDX). The silver charts reveal technical damage not seen since the destruction of 1984. It can only be conjecture that can account for a once in a generation obliteration of a once hallowed sector. It must be remembered that both gold(GLD) and silver(SLV) had major moves earlier this year to the $1900 and $50, surpassing overhead resistance and reaching overbought territory. This may be the reason why the decline in precious metal is overextended and extremely oversold. We urged caution back in April for silver and in September for gold. Silver has characteristically corrected close to 50% from its highs, while gold has fallen less than 20%. Pullbacks are normal and restorative in a secular bull market in precious metals especially after explosive moves.
Friday, December 30, 2011
Gold Records 11th Annual Gain, Ends 2011 Up 11% as World Stocks Drop 8% / Commodities / Gold and Silver 2011
By: Adrian_Ash
The PRICE OF PHYSICAL gold crept higher early Friday, recovering half of this week's 5% loss to near 6-month lows as the Euro currency rallied from 12-month lows and world stock markets held flat.
The last London Gold Fix of 2011 came in at $1574.50 per ounce – some 11.6% higher from the end of 2010, and recording gold's 11th year of consecutive gains.
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Thursday, December 29, 2011
Gold Breaks Lehman's Uptrend on Forced Inter Bank Crisis Sales / Commodities / Gold and Silver 2011
By: Adrian_Ash
The WHOLESALE MARKET gold price fell further on Thursday in London, hitting its lowest London Gold Fix since 8th July at $1537.50 per ounce – 19% below Sept's record high – on what dealers called "long liquidation" and "pressure" from the Eurozone debt crisis.
New laws in Japan were also blamed for forced sales during Asian trade, with bullion dealers obliged to report all physical transactions above ¥2 million ($25,600) to the tax authorities starting New Year's Day.
Wednesday, December 28, 2011
Gold and Silver Bear, India Massive Keynesian Economic Failure / Commodities / Gold and Silver 2011
By: Ned_W_Schmidt
2011 has been a truly enlightening year. We learned that change had not arrived, despite all our hope. We learned that the U.S. Congress cannot be trusted to prevent the financial calamity which lies ahead for the U.S. But most important, we learned that Keynesianism, a form of socialism taught in modern day academia, has been a complete failure, and perhaps a complete hoax.
Wednesday, December 28, 2011
London Gold and Silver Prices Catch Up with Indian Slump / Commodities / Gold and Silver 2011
By: Adrian_Ash
THE PRICE OF physical gold bullion fell again as London re-opened Wednesday after the Christmas and Boxing Day holidays, dropping to two-week lows against all major currencies in what dealers called a "very quiet session".
London dealers returning to work caught up with a 1.4% drop for the week so far, plus news of falling industrial output in Japan, seasonally low jewelry demand in Indian – the world's No.1 gold buying nation – and also a new edict from the People's Bank of China, banning all non-official gold trading exchanges in the world's No.2 gold consuming country.
Tuesday, December 27, 2011
China Cracks Down on Gold Exchanges / Commodities / Gold and Silver 2011
By: Eric_McWhinnie
Governments hate competition. Due to record breaking gold prices this year, more unauthorized gold exchanges have been created to capitalize on gold fever. However, China regulators are not happy about the competition.
A joint statement issued by People’s Bank of China, the Ministry of Public Security and other regulators recently announced, “No local authority, institution or individual is allowed to set up gold exchanges.” In essence, gold exchanges in China, except for two in Shanghai are to be banned. The joint statement also explained that the Shanghai Gold Exchange and the Shanghai Futures Exchange are sufficient enough to meet domestic investor demand for spot gold and futures trading.
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Tuesday, December 27, 2011
Gold Might Have Already Hit Rock Bottom / Commodities / Gold and Silver 2011
By: Przemyslaw_Radomski
If you’re looking for a post-Christmas read, take a look at a book called “The Great Stagnation” by Tyler Cowen of George Mason University whose theme is laid out in its subtitle: “How America ate all the low-hanging fruit of modern history, got sick and will (eventually) feel better.”
The interesting aspect of this book is Prof Cowen’s explanation on how the US got into its predicament.
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Friday, December 23, 2011
Gold Tilts Towards a Short-term Move Up / Commodities / Gold and Silver 2011
By: Przemyslaw_Radomski
Why anyone would rather stuff their Christmas stockings with fiat currency than with physical gold is beyond understanding. To us “dash for cash” seems rash.
There has certainly been very little Christmas cheer for gold bulls recently. The beating is tough, but it’s not the first time we’ve experienced it, nor is it likely to be the last in a secular bull market that has still has years to run. Gold takes four steps forward and then three back. We just have to stay in the game.
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Friday, December 23, 2011
Gold Christmas Week Rally Spied as ECB Member Sees "No Reason" Not to Use Q.E. / Commodities / Gold and Silver 2011
By: Adrian_Ash
WHOLESALE PRICES to buy gold were little changed in London on Friday, ending the short pre-Christmas session at $1607 per ounce, some 0.6% higher against the Dollar from last week's finish.
Silver prices also held flat, moving in a tight range below $29.50 per ounce and recording a London Fix almost 1.9% down for the week at midday.
Thursday, December 22, 2011
Gold Flat in Thin Holiday Trade as Euro Stocks Rally / Commodities / Gold and Silver 2011
By: Adrian_Ash
THE PRICE OF spot gold bullion was little changed Thursday morning in London, easing back from $1610 per ounce after yesterday's sharp spike and pullback in what dealers again called "thin" trade ahead of Christmas.
European stock markets reversed Wednesday's drop to trade near two-week highs.
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Thursday, December 22, 2011
What Are ECB Actions and Utility Stocks Saying About Gold? / Commodities / Gold and Silver 2011
By: Eric_McWhinnie
Despite calls for the death of the gold bull market, the precious metal managed to climb $21 higher on Tuesday to settle above the $1,600 psychological level. The U.S. dollar declined as the euro sustained a move above $1.30. While many expect today’s European Central Bank loan offering to add some form of stability to the euro zone, investors are still remaining cautious.
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Thursday, December 22, 2011
Gold, Silver and Dollar on the Verge of a Big Move / Commodities / Gold and Silver 2011
By: Chris_Vermeulen
The past few months have been tough for those holding precious metals stocks, PM futures contracts or physical bullion. With silver is trading down 41%, precious metals stocks down 30% and gold 15%. It has people scratching their head.
The question everyone keeps asking is when can I buy gold and silver?
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Wednesday, December 21, 2011
Paper and Physical Gold Price Divergence, COMEX On The March To Irrelevance / Commodities / Gold and Silver 2011
By: Jim_Willie_CB
Divergence between paper gold and physical gold price is happening, the process begun. Actual physical shortages have kept the price up. The naked shorting of futures has kept the paper price down. The fraud cases and lawsuits, with no hint of prosecution, provide the levered force to create much wider divergence, as traders and entire firms depart the tainted crime scene that is the COMEX. Trust has vanished along with private accounts. At the center of the backdrop for the divergence, apart from the criminal events, is the economic deterioration and asset market downdraft. It leads to margin calls, loan payment obligations, fading investor confidence, negative sentiment, and a desire to avoid loss. Hence the huge liquidity concerns, selling of good assets that command a strong price, and central bank encouragement of gold sales even with lease. These forces conspire to push down the gold futures price from the discovery process, called the paper gold price. These forces, although real, are exaggerated by the Syndicate to explain all. On the other side is the desperation among central bankers to cover debt securities up for sale or rollover funding. They resort to utter hyper inflation by monetizing the many types of government bonds. They are obligated to aid their banker cohorts, and thus purchase truckloads of badly impaired sovereign bonds and other collateralized bonds. Over time these sovereign bonds have proved toxic.
Wednesday, December 21, 2011
Gold "Does Not Offer Comfort in Liquidity Crunch", European Banks "Could Not Refuse" ECB's "Free Money" Offer / Commodities / Gold and Silver 2011
By: Ben_Traynor
U.S. DOLLAR gold bullion prices dropped to $1609 an ounce Wednesday lunchtime in London – 1.9% down from the high for the week so far, set less than three hours earlier.
Stocks and commodities also traded lower following an announcement by the European Central Bank about its latest liquidity operation.
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Wednesday, December 21, 2011
Where Have All the Gold Bulls Gone? / Commodities / Gold and Silver 2011
By: Jason_Hamlin
Another correction has fallen upon precious metals and sentiment has turned extremely bearish in the past month. Mark Hulbert has reported that gold bugs are throwing in the towel, with his Hulbert Gold Newsletter Sentiment Index (HGNSI) hitting a record low of just 0.3%. This reading means that the average gold timer is essentially keeping all of his gold-oriented portfolio out of the market.
Tuesday, December 20, 2011
Gold, Are You Tempted to Sell, or Eager to Buy? / Commodities / Gold and Silver 2011
By: Jeff_Clark
Jeff Clark, Casey Research writes: It wasn't a fun week for gold. By the close on Friday, the metal was down 6.7% (based on London PM fix prices), the biggest weekly decline since September. It got downright irritating when the mainstream media seemingly rejoiced at gold's decline. Economist Nouriel Roubini poked fun at gold bugs in a Tweet. Über investor Dennis Gartman said he sold his holdings. CNBC ran an article proclaiming gold was no longer a safe-haven asset (talk about an overreaction).
Tuesday, December 20, 2011
Gold and the Permanent Global Financial Crisis First 5 Years / Commodities / Gold and Silver 2011
By: Adrian_Ash
Cheer up! This permanent state of emergency is doing a wonderful nothing to unwind the bubble...
SO 2012 will mark the fifth anniversary of the global financial crisis. There's little reason to think it's reached its end yet. Merry Christmas.
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Tuesday, December 20, 2011
Gold Could Be Weak but Volatile into End of Year / Commodities / Gold and Silver 2011
By: Ben_Traynor
SPOT MARKET gold prices climbed to $1608 an ounce Tuesday lunchtime in London – a 2.8% gain from last week's low – while stocks and commodities traded higher, with the exception of the FTSE in London which fell lower.
Silver prices rose to $29.51 per ounce – still 0.9% down on last week's close – while major government bond prices fell and the Euro gained amid signs of progress on the Eurozone crisis.
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Tuesday, December 20, 2011
Robust Demand for Gold Bullion in Europe, Middle East and China Again - Very Little Selling / Commodities / Gold and Silver 2011
By: GoldCore
Gold is trading at USD 1,604.2, EUR 1,227.90, GBP 1,026.40, CHF 1,495.0, JPY 124,984 and AUD 1,606.40 per ounce.
Gold’s London AM fix this morning was USD 1,593.00, GBP 1,028.34, and EUR 1,222.94 per ounce.
Yesterday's AM fix was USD 1,605.00, GBP 1,027.003 and EUR 1,227.91 per ounce.
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