Category: Gold and Silver 2012
The analysis published under this category are as follows.Wednesday, February 22, 2012
New Greek Crisis is Biggest Risk for Gold / Commodities / Gold and Silver 2012
U.S. DOLLAR gold prices held steady just off $1760 an ounce during Wednesday morning trading in London, after a rally in Tuesday's US session saw gold climb 1.3%.
Silver prices softened slightly but held above $34 per ounce – having through that level on Tuesday following the Greek bailout announcement. Stocks and commodities edged lower this morning, while government bond prices gained.
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Wednesday, February 22, 2012
The Long-Term Fundamental Case for Gold / Commodities / Gold and Silver 2012
“No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility.”
~ United States Constitution, Excerpt from Article 1, Section 10 ~
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Wednesday, February 22, 2012
The Enduring Popularity of Gold / Commodities / Gold and Silver 2012
The World Gold Council (WGC) reaffirmed the power of the Love Trade in its 2011 Gold Demand Trends report released this week. Gold demand grew 0.4 percent in 2011 despite a 28 percent year-over-year increase in bullion’s average price.After flirting with the top spot for some time, China emerged as the world’s largest gold market for jewelry and investment during the fourth quarter of 2011 as demand in India weakened. This is the first time China’s demand outpaced India’s in 11 quarters. However, India did retain the gold demand crown for the entire year, purchasing 933 tons compared to China’s demand of 770 tons.
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Tuesday, February 21, 2012
Ben Graham’s Curse on Gold / Commodities / Gold and Silver 2012
This week we have a shorter Outside the Box, from my friend David Galland at Casey Research, with an interesting insight into why gold can be considered as a poor investment by some rather influential investors (like Warren Buffett) while others may see it as the core of a diversified portfolio. As usual when I use someone's material for an OTB, I include a link at the end, if you want to look deeper. The rather large team at Casey Research specializes in gold, natural resources, and energy-related investments, for those with such an investing bent.
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Tuesday, February 21, 2012
Will the Greek Bailout Make Gold, Silver Rise or Fall? / Commodities / Gold and Silver 2012
Some investors may feel that the Eurozone debt crisis has been resolved by the bailout from the other E.U. members. Whether it has or has not, is irrelevant to the price of gold, or is it?
There are still hurdles in the way, such as the acceptance by private Greek Bondholders of the 53% haircut and low interest rates they will get until 2015. But let's assume the best and believe they'll accept the terms. The first market reactions were to move up and hold new levels without any effervescence in any market. The moves had largely been discounted already. Yes, we're seeing a shift of money from the U.S. Treasury market to the euro but not in large amounts yet. In this piece we look at the overall prospects for the precious metals.
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Tuesday, February 21, 2012
Gold Rises on Continuing Greece Default Threat Despite Greece Bailout Agreement / Commodities / Gold and Silver 2012
U.S. DOLLAR gold bullion prices spiked to $1747 an ounce Tuesday lunchtime in London – a 1.3% gain on last week's close – as US Markets re-opened to the news that European finance leaders have agreed to bail out Greece.
Silver bullion also spiked, hitting $33.97 per ounce – 1.9% up on the start of the week.
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Tuesday, February 21, 2012
Gold Rises on Greece Debt Deal: "Kicking Giant Beer Keg Down Road Risks Destroying The Road" / Commodities / Gold and Silver 2012
Gold’s London AM fix this morning was USD 1,737.00, EUR 1,313.12, and GBP 1,097.98 per ounce.
Yesterday's AM fix was USD 1,729.50, EUR 1,307.36, and GBP 1,090.82 per ounce.
Gold rose to its highest in a week today after euro zone policymakers sealed an agreement for a second debt deal with Greece. Gold remained flat at $1,736/oz in Asian trading after the deal was reached but then saw some buying which saw gold quickly rise to $1,740/oz and then creep up to over $1,743/oz.
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Tuesday, February 21, 2012
Buffet Mischaracterizes Gold’s Bull Market / Commodities / Gold and Silver 2012
Once again, someone famous and once again Warren Buffet is dismissing Gold. In comparing it to the bubbles in housing and Internet stocks, he feels he’ll ultimately be vindicated. In his annual letter to shareholders, Buffet trashed Gold as a bubble that is being driven by fear of other asset classes. He believes that those who buy today only do so because they believe the “ranks of the fearful will grow.”
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Tuesday, February 21, 2012
Gold and the 'R' Decade: Repression, Riot and Revolution / Politics / Gold and Silver 2012
Repression is in full swing, rioting is spreading and revolution is almost upon us. The next ten years will bring extraordinary change which hopefully will be for the better, however, there is the small matter of getting through the worst of it first.By the time 2022 rolls round there will be a gold backed Dinar, a silver backed Peso and a number of forms of digital currency led by Google's vary own cyber Dollar.
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Tuesday, February 21, 2012
Gold and Silver Stocks' Wild Ride Ahead / Commodities / Gold and Silver 2012
Greg McCoach, publisher of The Mining Speculator, feels gold is ultimately headed above $6,000/oz and silver into the hundreds of dollars and those who aren't paying attention now are missing their best opportunity to buy before the frenzy begins in earnest. In this exclusive interview with The Gold Report, he spells out the reasons for his optimistic projections and shares several of his favorite stories in the junior mining sector, which he believes is headed for much higher ground.
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Monday, February 20, 2012
China's "Mystery" Gold Buyer / Commodities / Gold and Silver 2012
Was the People's Bank of China really buying gold at the rate of 1 ounce in every 8 sold worldwide last quarter...?
SO THOSE MILITANT crazies known to the mainstream media as "gold bugs" – and to the FBI as subversives – got the headline they've been longing for, apparently, last week.
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Monday, February 20, 2012
In Search of Silver / Commodities / Gold and Silver 2012
In this article about the silver price, Will Bancroft takes a look at what the last year has delivered for silver investors, and what the future of silver investment might hold. Read on for more on what Professor Roy Jastram called “the restless metal”.
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Monday, February 20, 2012
Gold, Silver and the U.S. National Bird / Commodities / Gold and Silver 2012
Benjamin Franklin originally recommended the turkey as the national bird for the U.S. Today, we imagine that after considering the situation being created by the current regime in Washington he might recommend the ostrich as a more appropriate national symbol. With its head buried in the sand to avoid facing critical issues, the U.S. may be ignoring the vulnerabilities in today's world. For those that are not familiar with the old story of the ostrich with its head in the sand, we submit the following picture of the proposed new U.S. national bird.
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Monday, February 20, 2012
Gold's Consolidation Phase Continues, Time to Deliver for Euro Leaders / Commodities / Gold and Silver 2012
WHOLESALE MARKET gold bullion prices held above $1730 an ounce in Monday morning's London trading – roughly in line with where gold has been for much of February – while European stocks and commodities edged higher amid hopes that policymakers might finally approve Greece's second bailout. US markets are closed for a holiday.
Silver bullion prices were also fairly flat this morning around $33.50 per ounce.
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Monday, February 20, 2012
Crude Oil and Gold Surge On Likely Iran Military Action / Commodities / Gold and Silver 2012
Gold’s London AM fix this morning was USD 1,729.50, EUR 1,307.36, and GBP 1,090.82 per ounce.
Friday's AM fix was USD 1,732, EUR 1,316.51, and GBP 1,093.09 per ounce.
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Sunday, February 19, 2012
Silver could be ready to move higher along with its shares next week / Commodities / Gold and Silver 2012
The metals have recently been consolidating their moves from the December lows and silver along with its mining shares are at a point which deserves watching. Both silver and its shares made bullish divergences at the end of last year and staged a stunning rally in the first month of 2012. Recently, prices have been consolidating those gains.
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Sunday, February 19, 2012
Fiat Paper Money Masters Palpable Fear of a Rise In Gold / Commodities / Gold and Silver 2012
“That paper money has some advantages is admitted. But that its abuses also are inevitable and, by breaking up the measure of value, makes a lottery of all private property, cannot be denied.” - Thomas Jefferson, Letter to Josephus B. Stuart, 1817
The fear in the money masters is palpable. Silence, darkness, and the fog of confusion are their most reliable allies.
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Sunday, February 19, 2012
Silver Price Could Double by Year End / Commodities / Gold and Silver 2012
Were you cursing at your computer screen when silver nearly tripled during the short 9 months from September 2010 to May 2011? Silver at $20 seemed like an insurmountable threshold for quite some time. This caused many silver investors to give up just prior to the ascent, completely missing the ride towards $50. I believe silver is about to offer a similar ride. While it is unlikely to match the 180% advance mentioned above, look for silver to make new highs in the coming months, with the potential to double to $65 by year end.
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Saturday, February 18, 2012
Record High Gold Prices Fail to Curb Global Demand / Commodities / Gold and Silver 2012
Despite a volatile year for gold prices in 2011, demand for the precious metal still remained strong. According to the latest World Gold Council’s annual report, gold demand totaled 4,067.1 tonnes, a slight increase from the prior year. Record low interest rates, inflation expectations and investment demand continued to drive the gold bull market.
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Saturday, February 18, 2012
Gold GLD ETF Breaks Crash Trendline / Commodities / Gold and Silver 2012
GLD broke its Broadening Wedge trendline and appears ready to launch into an approximate 20% decline from the trendline. While the next support is intermediate-term trend support at 162.68, there are no other supports between it and the daily cycle bottom (not shown) currently at 131.55.
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