Category: Gold and Silver 2012
The analysis published under this category are as follows.Thursday, November 22, 2012
Gold Could Easily Double Amidst Hyperinflation Collapse / Commodities / Gold and Silver 2012
Asset manager Nick Barisheff says, “There’s never been a fiat currency in history that didn’t end in hyperinflation and complete collapse.” Barisheff thinks that Treasury Secretary Tim Geithner’s most recent call to have an “unlimited debt ceiling” for the U.S. was “just telling the truth.” That’s essentially what we have now with “open-ended” money printing by the Fed. Barisheff adds, “All it’s doing is postponing a problem . . . it makes it bigger and eventually it blows up.” Forget about remedies for the economy, it’s too late.
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Wednesday, November 21, 2012
Gold Price Volatility Declines To Record Low On Bullish Sentiment / Commodities / Gold and Silver 2012
Today’s AM fix was USD 1,726.75, EUR 1,350.71, and GBP 1,085.05 per ounce.
Yesterday’s AM fix was USD 1,734.00, EUR 1,354.05, and GBP 1,089.06 per ounce.
Silver is trading at $33.07/oz, €25.94/oz and £20.84/oz. Platinum is trading at $1,576.50/oz, palladium at $633.80/oz and rhodium at $1,050/oz.
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Wednesday, November 21, 2012
Brazil and Kazakhstan Add to Gold Reserves Whilst Germany Sells / Commodities / Gold and Silver 2012
WHOLESALE gold bullion prices climbed back above $1725 an ounce Wednesday morning in London, making up some ground lost the previous day, while stocks and the Euro recovered losses made in Asian trading immediately after the news that European policymakers had failed to reach a deal on Greece.
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Wednesday, November 21, 2012
Gold and Silver Trend Prognosis / Commodities / Gold and Silver 2012
We’ve been surprised at the recent action in the precious metals complex. During the recent correction the shares were showing quite a bit more strength than the metals. Then the shares took a dive below support yet the metals maintained their recent lows! How do we interpret this wild volatility in the relationship between the shares and the metals? Quite often we look at daily and weekly charts. Now is the time to take a look at the monthly charts which can help us get a better read on the larger trends at hand.
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Tuesday, November 20, 2012
Gold Seasonal Trades Analysis / Commodities / Gold and Silver 2012
Dimitri Speck writes: Is there such a thing as a gold season? Slogans like "Sell in May and go away" are well-known from the equity markets, and often seasonal patterns such as growing stock prices in the winter months or the year-end rally, are subject to statistical studies. Is there also a seasonal behavior in gold?
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Tuesday, November 20, 2012
Indian Banks Banned from Lending for Gold Purchases / Commodities / Gold and Silver 2012
SPOT MARKET prices for buying gold traded above $1730 an ounce throughout Tuesday morning in London, up 1% for the week so far, while the Euro also held onto gains made yesterday despite news that a second ratings agency this year has downgraded France.
Gold rose by more than $20 during Monday's trading, following reports that a deal may be done between US politicians on the so-called fiscal cliff.
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Monday, November 19, 2012
Closer Look at Gold's Potential 'Cup and Handle' Formation / Commodities / Gold and Silver 2012
There is an inverse head and shoulder formation within the developing handle of the cup and handle formation.
The inverse H&S pattern measures to 1810 as a minimum objective. That is also the point at which the handle would be at a breakout to validate the entire cup and handle formation.
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Monday, November 19, 2012
Gold Starts Week Higher on Prospects for Fiscal Cliff Deal / Commodities / Gold and Silver 2012
SPOT MARKET gold bullion prices hovered close to $1725 an ounce during this morning's London trading, holding gains made overnight in Asia, as stocks and commodities also recovered some ground lost last week, after news that a deal may be achieved in time to avoid so-called fiscal cliff of US tax rises and spending cuts currently scheduled for the start of 2013.
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Monday, November 19, 2012
Commerzbank Forecasts New Record Euro Gold Price By Year End / Commodities / Gold and Silver 2012
Today’s AM fix was USD 1,723.25, EUR 1,349.66, and GBP 1,083.67 per ounce.
Friday’s AM fix was USD 1,710.00, EUR 1,342.76, and GBP 1,077.91 per ounce.
Silver is trading at $32.70/oz, €25.72/oz and £20.65/oz. Platinum is trading at $1,567.50/oz, palladium at $633.30/oz and rhodium at $1,080/oz.
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Monday, November 19, 2012
The Powers That Be Don’t Want Sovereign Bonds… They Want Gold / Commodities / Gold and Silver 2012
If you want further evidence that the financial elites are already preparing for a default from Spain and a collateral crunch, you should consider that the large clearing houses (ICE, CEM and LCH which oversee the trading of the $700+ trillion derivatives market) have ALL begun accepting Gold as collateral.
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Monday, November 19, 2012
Gold Bullion Flowing From West to East / Commodities / Gold and Silver 2012
Earlier this month Eric Sprott circulated a paper, co-authored by him, which concluded that Western central banks have considerably less physical gold than they claim. It shows that since the year 2000 there has been a net increase in identifiable annual demand of 2,268 tonnes, and concludes that some supply, apart from mine output from the “free” world, must come from Western central banks – because there can be no other source.
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Sunday, November 18, 2012
Gold And Silver – Market Says Wait / Commodities / Gold and Silver 2012
There is a reason why it has not been easy to trade gold or silver, of late. One area where information is least reliable is in the middle of a trading range. That is precisely where the price of gold is currently, on the larger monthly time frame. However, while waiting idly until clarity re-enters the picture, we can do some stage-setting in preparation for what is to come, in either direction.
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Sunday, November 18, 2012
Negative Real Interest Rates Continue To Drive The Gold Price / Commodities / Gold and Silver 2012
People tend to focus on the daily “noise” and often forget the long term view. The first point that Ronald Stoeferle made during our discussion, was that the major topics of his first report (from five years ago) are still relevant. In fact, he doesn’t see any fundamental change since then. The only change he noticed is that the figures became bigger, in the first place the debt levels and the amounts of the rescue packages.
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Saturday, November 17, 2012
How to Protect Your Portfolio from a Slumping U.S. Dollar in 2013 / Commodities / Gold and Silver 2012
John Paul Whitefoot writes: No one said austerity measures would be an easy pill to swallow. But, after decades of overspending, they’re become an unwanted necessity. And the fed-up workers of Europe are uniting!
Protests broke out Wednesday across Europe in a coordinated day of action over ongoing austerity policies. While some of the largest and most violent protests took place in Spain, Portugal, Greece and Italy also took to the streets.
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Saturday, November 17, 2012
Marc Faber, Gold and a Special Picture of Ben Bernanke / Commodities / Gold and Silver 2012
What Marc Faber said in Hong Kong this week…
YOU ALWAYS get great presentations from the biggest players in gold and silver at the annual London Bullion Market Association conference.
Being in Hong Kong this year, the world's premier event for the bullion industry also got lots of great insights from genuine Asian insiders – ICBC, Kotak Mahindra, the People's Bank of China no less.
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Friday, November 16, 2012
Gold and Silver Bullish Technicals / Commodities / Gold and Silver 2012
With the US stock markets falling sharply since the elections, shell-shocked investors are scrambling for the exits. And this mass exodus is certainly rational in light of 2013’s record tax hikes looming for American investors. But with interest rates near record lows, cash yields nothing and bonds are hyper-risky. So a fantastic alternative for capital is the precious metals, which are very cheap technically.
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Friday, November 16, 2012
Gold and Silver Supply - Will the Real Ratio Please Step Forward? / Commodities / Gold and Silver 2012
Those attracted to the precious metals markets are often curious about the various ratios existing between gold and silver, as well as what these ratios might reveal about the relative fair values of these key investment metals.
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Friday, November 16, 2012
Gold and Silver: Accumulation and Liquidity / Commodities / Gold and Silver 2012
As history has shown again and again, hard currencies like gold and silver are perhaps the only truly safe long term investments.
Part of the safety of these assets arises from the fact that they are traditionally accumulated and hoarded by individuals, especially in financially challenging times and periods of high inflation. Even more importantly, precious metals like gold and silver are liquid assets that can be readily sold for currency or exchanged in a barter situation.
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Friday, November 16, 2012
Gold Being Liquidated for Cash as Stock Markets Fall Ahead of Fiscal Cliff Negotiations / Commodities / Gold and Silver 2012
WHOLESALE gold bullion prices fell below $1710 an ounce Friday morning in London, dropping below that level for the second day in a row, as stocks, commodities and the Euro all fell and US Treasuries gained ahead of negotiations among US lawmakers about the so-called fiscal cliff.
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Thursday, November 15, 2012
U.S. Fiscal Cliff, Asian Currency Wars, Buoys the Gold market / Commodities / Gold and Silver 2012
Texas Republican Ron Paul’s maverick crusade to “audit the Fed”, and to rein-in the “fourth branch” of the US-government, suffered a major blow in the wake of the November 6th elections that saw President Barack Obama prevailing over his Republican challenger Mitt Romney. Adding insult to injury, the Republican Party not only failed to secure a majority in the Senate, but it lost 2-seats. Mr Paul is the author of a bill to audit the clandestine activities of the Fed that passed the House by a 327-98 vote on July 25th, exceeding the two-thirds majority needed. Astoundingly, 89 Democrats joined 238 Republicans to approve it.
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