Category: Gold and Silver 2012
The analysis published under this category are as follows.
Monday, March 05, 2012
Gold's Violent Downside Reversal / Commodities / Gold and Silver 2012
By: Clive_Maund
Gold reversed violently to the downside last week, an event which has serious implications. It had been doing well up to that point and we did not see this reversal coming, so this is going to be "wise after the event" update - still it is considered to be better to be wise after the event than not wise at all, particularly if our interpretation of the meaning of this development proves to be correct.
Monday, March 05, 2012
Silver's Failure to Breakout / Commodities / Gold and Silver 2012
By: Clive_Maund
Silver has had a good run from its lows at the end of last year and was on course to break out of the major downtrend in force from its highs of April last year, but it was not to be, for last week it reversed sharply to the downside, leaving behind a bearish engulfing pattern on its chart, as we can see on its 15-month chart below. While it has not yet broken down from the intermediate uptrend in force from late last year, action last week suggests that it is destined to shortly.
Monday, March 05, 2012
What to Make of Apple's Weakness / Commodities / Gold and Silver 2012
By: Mike_Paulenoff
Today's sudden weakness in Apple (AAPL) that has pressed the stock from 547.48 to 526.00 has inflicted damage to the nearest-term uptrend off of the Jan 25 low at 419.00, which cuts across the price axis today in the vicinity of 533.40.
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Monday, March 05, 2012
Gold Investor Fantasies Not an Investment Strategy / Commodities / Gold and Silver 2012
By: Ned_W_Schmidt
While having not read any research into the time devoted by people to fantasizing, we suspect that activity represents a significant portion of the day for many. Morning coffee for men involves the exchange of fantasies surrounding sporting events. We know not what women fantasize about during their coffee, but suspect it might include a discussion of how some man could be made better. While romantic fantasies are beyond our mandate here, we suspect most are more likely to occur than some of the investment fantasies observed in recent years. Fantasies are fine, but they are not investment strategies. Some investment fantasies of recent times have been:
Monday, March 05, 2012
Gold Falling Below $1690 Could Spark Fresh Selling / Commodities / Gold and Silver 2012
By: Ben_Traynor
DOLLAR gold prices briefly dipped back below $1700 an ounce Monday morning in London, as stocks, commodities and the Euro all fell before recovering some ground, following news that China has cut its official growth target.
Silver prices dropped to $34.06 per ounce – 2.2% down on Friday's close – before making up some of the loss.
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Monday, March 05, 2012
Citigroup Forecasts Gold $2,400 in 2012 and $3,400 "In Coming Years" / Commodities / Gold and Silver 2012
By: GoldCore
Gold’s London AM fix this morning was USD 1,698.00, EUR 1,286.17, and GBP 1,073.60 per ounce.
Friday's AM fix was USD 1,714.50, EUR 1,292.99, and GBP 1,076.14 per ounce.
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Monday, March 05, 2012
Digital Gold is the Game Changer / Commodities / Gold and Silver 2012
By: William_Bancroft
Read this article for a brief analysis on recent opinions on whether gold can ever return to the heart of the monetary system, and for whether we need government to be involved in this vitally important part of our economic lives. Does the internet and payments system mean a game changer for payments of gold bullion?
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Saturday, March 03, 2012
Where is Greece’s Gold? / Commodities / Gold and Silver 2012
By: Submissions
Alasdair Macleod writes: Recently there have been reports that if Greece defaults on the new bail-out package, creditors will be entitled to seize her gold. Whether or not this is true, it raises one big question: given the severe financial and economic crisis in Europe, what is the current collective attitude of the eurozone central banks to gold?
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Saturday, March 03, 2012
Marc Faber States Gold Far From Bubble Phase / Commodities / Gold and Silver 2012
By: The_Gold_Report
With more than 40 years as an economist to his credit and claiming gold as the "biggest position in my life," Gloom Boom & Doom Report Publisher Marc Faber assures us that gold is nowhere near a bubble phase, but cautions that corrections of 40% are not unusual in a bull market. At the end of March, Faber will share his secrets for surviving corrections at the World MoneyShow in Vancouver. In advance of that appearance, he sat down with The Gold Report for this exclusive interview where he discusses his bias for portfolio diversification in terms of geographies as well as asset classes.
Saturday, March 03, 2012
Will the Gold and Silver Smackdown Deter Investors? / Commodities / Gold and Silver 2012
By: Eric_McWhinnie
Leap Day was very unkind to precious metals. The extra trading day in February delivered gold and silver their biggest one-day loss this year. Gold for April delivery fell $100 before closing down $77.10 and settling at $1,720 per ounce. Meanwhile, silver for March delivery plummeted $2.56 to close at $34.58 per ounce. Although this type of price action may seem troubling for newcomers, it is becoming routine for seasoned precious metal investors.
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Saturday, March 03, 2012
How to Put Yourself on the Gold Standard / Commodities / Gold and Silver 2012
By: Peter_Schiff
While you may agree with me that the world desperately needs the gold standard, you may be equally convinced that the day global leaders embrace it is still a long way off. Fortunately, regular people no longer have to wait for the leadership to come to their senses. It is now possible for individuals to establish a personal gold standard using the world's first Gold Debit Card. The service, offered by my company Euro Pacific International Bank, allows users to save in gold but spend in local currency.
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Saturday, March 03, 2012
Gold Downside Targets and Market Manipulative Excuses / Commodities / Gold and Silver 2012
By: Przemyslaw_Radomski
When a roller coaster plunges it’s gut-churning, heart-racing, blood curdling, in a word--petrifying. That’s how precious metals investors must have felt Wednesday when gold plunged more than 5 per cent to hit a low of $1,688.44 ounce, after earlier trading as high a $1,791.49 an ounce.
Friday, March 02, 2012
Physical Gold Demand "Picks Up" in Asia But Further Drop Could See $1500 / Commodities / Gold and Silver 2012
By: Ben_Traynor
THE U.S.DOLLAR gold price fell to $1708 an ounce Friday lunchtime in London – a 0.9% drop on Friday's Asian session high – as stock and commodity markets also fell slightly amid ongoing uncertainty over the Greek bailout deal.
"Another move below $1690 will have the market refocusing back toward $1500," says the latest note from gold bullion dealing bank Scotia Mocatta's technical analysis team, referring to the low hit after Wednesday's $100 per ounce drop.
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Friday, March 02, 2012
Buy the Dips in Gold (NYSE: GLD) / Commodities / Gold and Silver 2012
By: Money_Morning
Jack Barnes writes:
SPDR Gold Trust (NYSE: GLD) experienced a major pullback on Leap Day this week, dropping almost exactly 100 points on the day.
This happened while the European Central Bank (ECB) offered its second tranche of three-year Long Term Recapitalization Operations (LTRO).
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Friday, March 02, 2012
Gold price drops – do we care? / Commodities / Gold and Silver 2012
By: Jan_Skoyles
On Wednesday we sat helpless as we watched the gold price plummet from $1790 to a low of $1696, whilst the silver price followed suit falling by $3.94 from $37.00.
Have the gold naysayers been proven right? Have Warren Buffet’s latest comments rung true to the market?
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Thursday, March 01, 2012
"Speculation" in Absence of Physical Demand Blamed for Gold's 5% / Commodities / Gold and Silver 2012
By: Adrian_Ash
PRECIOUS METALS rallied in Asian and early London trade Thursday morning, with gold futures at one point recovering more than a third of yesterday's sharp $100-per-ounce decline as global stock markets also rose.
Broad commodity markets rose, but the single Euro currency slipped to fresh 1-week lows as European banks received the €529 billion in 3-year loans they requested from the European Central Bank's LTRO program yesterday.
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Thursday, March 01, 2012
Gold Fractal Projection of $3,500 into Mid 2012 Remains Intact! / Commodities / Gold and Silver 2012
By: GoldRunner
As we have discussed in a previous article, our Fractal Model suggests the wave for Gold in US Dollars will sweep up into the $3500 to $3600 area into the mid-year time-frame. The leading edge of that time-frame begins in May and extends out for a few months. A potential for Gold to spike to a $3900 extended fib level exists. Like all parabolic moves in Gold, the late stages create the biggest price movements. Personally, I would be happy with a huge Gold run up to the $3200 level.
Thursday, March 01, 2012
Is Gold Backwardation Now Permanent? / Commodities / Gold and Silver 2012
By: Casey_Research
Keith Weiner, Casey Research writes: Worldwide, an incredible tower of debt has been under construction since President Nixon's 1971 default on the gold obligations of the US government. His decree severed the redeemability of the dollar for gold and thus eliminated the extinguisher of debt. Debt has been growing exponentially everywhere since then. Debt is backed with debt, based on debt, dependent on debt and leveraged with yet more debt. For example, today it is possible to buy a bond (i.e., lend money) on margin (i.e., with borrowed money).
Thursday, March 01, 2012
Iran Embraces Gold as Real Money / Commodities / Gold and Silver 2012
By: Eric_McWhinnie
Federal Reserve Chairman Ben Bernanke was once confronted by Ron Paul with the now famous question, “Is gold money?” Bernanke replied “no” and said central banks hold the precious metal as “tradition.” However, the Central Bank of Iran appears to disagree with Bernanke and is substituting gold for U.S. dollars.
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Thursday, March 01, 2012
Silver – Is the Party Over? / Commodities / Gold and Silver 2012
By: Willem_Weytjens
A couple of weeks ago, we compared the Bull market of Silver to the Nasdaq Bubble…
We wrote that Silver could go as high as $38, but that that might be an inflection point.
Silver reached a high of $37.22 last night and $37.62 today, and has thus reached its goal.